Many economists argue that kidney sales are exploitative because they always benefit the rich on average at the expense of the poor.
The main argument against kidney sales being exploitative is option A, which states that they always benefit the rich on average at the expense of the poor.
This viewpoint reflects concerns about the potential for economic inequality and exploitation in a market for organ transplantation.
The argument is based on the premise that individuals with greater financial resources would be more likely to afford purchasing kidneys, while those in lower-income brackets may be compelled to sell their organs due to financial distress.
This creates a power imbalance where the wealthy can benefit from the dire circumstances of the less fortunate, reinforcing existing inequalities.
While there are alternative perspectives on kidney sales, such as option C suggesting a market exchange that benefits both recipients and donors, the prevalent concern among many economists is that the commodification of organs could exacerbate socioeconomic disparities rather than providing a fair and equitable solution to organ shortages.
It is important to note that opinions on this topic may vary among economists, and the ethical, social, and legal aspects of organ sales are complex and multifaceted.
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Intro You have estimated the following free cash flows for a project Year 0 1 2 3 Free Cash Flow -$1,800 $780 $840 $600 The weighted average cost of capital is estimated to be 10%. Part 1 What is the Net Present Value of the project? 0+ decimals Save
The Net Present Value (NPV) of a project is calculated by discounting the project's future cash flows to their present value and subtracting the initial investment. In this case, we have estimated free cash flows for a project over a three-year period and a weighted average cost of capital (WACC) of 10%.
To calculate the NPV, we need to discount each cash flow to its present value using the WACC. The formula to calculate the present value is: Present Value = Cash Flow / (1 + WACC)^n, where n represents the time period.
Using this formula, we can calculate the present value of each cash flow:
PV0 = -$1,800 / (1 + 0.10)^0 = -$1,800 (no discounting for Year 0)
PV1 = $780 / (1 + 0.10)^1 ≈ $709.09
PV2 = $840 / (1 + 0.10)^2 ≈ $681.82
PV3 = $600 / (1 + 0.10)^3 ≈ $496.69
Next, we sum up the present values of the cash flows:
NPV = PV0 + PV1 + PV2 + PV3
= -$1,800 + $709.09 + $681.82 + $496.69
≈ $87.60
Therefore, the Net Present Value of the project, rounded to 0 decimal places, is approximately $87.60. Since the NPV is positive, it suggests that the project's expected cash flows exceed the required return, indicating that the project may be financially viable and could generate positive value for the company.
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Whe is thi correct sequence of the stops in the stratepic planning process? A. Detine the company! dissign the business portiolio, set company objectives and goals, and plan the maket and ober functional steatepers B. De the the company π set company cojectives and goals, plan the market and other functional strategies, and dosign tho brisinoss portiol C. S. I company objectives and goals dofino the conpany mission, dosign the business portfolo, and plan the maiket and ofter tunctional strativinit 3. Define this company mission, set company objectives and gouls, design the business portfowo, and plan the market and ofher functional straioges
The correct sequence of steps in the strategic planning process is as follows: 1) Define the company mission, 2) Set company objectives and goals, 3) Design the business portfolio, and 4) Plan the market and other functional strategies.
Option C represents the correct sequence, while options A and B have the steps in a different order. In the strategic planning process, it is crucial to follow a logical sequence of steps to ensure effective planning and goal alignment. The first step is to define the company mission, which involves clarifying the purpose and overall direction of the organization. This mission statement serves as a guiding principle for all subsequent planning activities.
Once the mission is defined, the next step is to set company objectives and goals. Objectives are specific targets that the company aims to achieve, while goals outline the desired outcomes of these objectives. This step helps in establishing clear performance expectations and direction for the organization.
After setting objectives and goals, the next step is to design the business portfolio. This involves assessing the company's current products, services, and market segments, and making strategic decisions about resource allocation, investments, and potential diversification. It aims to create a balanced and competitive business portfolio that aligns with the company's goals.
The final step in the sequence is to plan the market and other functional strategies. This includes developing marketing plans, sales strategies, operational plans, and other functional strategies that support the achievement of the company's objectives. It involves analyzing the market, identifying target customers, and formulating strategies to position the company effectively and gain a competitive advantage.
Option C correctly represents the sequential order of the strategic planning process, ensuring a logical flow from defining the company mission to planning market and functional strategies.
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Pronghorn Inc., a greeting card company that follows ASPE, had the following statements prepared as at December 31, 2020: PRONGHORN INC. Comparative Statement of Financial Position December 31 Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation-equipment Goodwill Total assets Accounts payable 2020 $45,700 57,970 39,940 5,210 165,200 (35,210 ) 16,000 $294,810 $46,200 2019 $25,050 51,110 60,100 4,010 130,030 (25,010 ) 54,000 $299,290 $40,030 Accounts payable Income tax payable Salaries and wages payable Short-term loans payable Long-term loans payable Common shares. Retained earnings Total liabilities and shareholders' equity $46,200 3,940 8,050 7,970 56,000 130,000 42,650 $294,810 $40,030 6,100 4,050 10,110 73,000 130,000 36,000 299,290 PRONGHORN INC. Income Statement Year Ending December 31, 2020 Sales revenue Cost of goods sold Gross margin Operating expenses Operating income Interest expense Impairment loss-goodwill Gain on disposal of equipment Income before income tax Income tax expense Net income $11,500 38,000 (2,200 ) $346,075 165,000 181,075 120,000 61,075 47,300 13,775 4,125 $9,650 Additional information: 1. Dividends on common shares in the amount of $3,000 were declared and paid during 2020. Dividends paid are treated as financing activities. Depreciation expense is included in operating expenses, as is salaries and wages expense of $69,500. 3. Equipment with a cost of $22,000 that was 70% depreciated was sold during 2020. 2. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Pronghorn Inc. Statement of Cash Flows (Indirect Method) V Adjustments to reconcile net income/loss to net cash provided by operating activities: $ $ Adjustments to reconcile net income/loss to net cash provided by operating activities: > ILL
Pronghorn Inc. Statement of Cash Flows (Indirect Method) for the year ended December 31, 2020 shows that the company generated net cash provided by operating activities of $43,215.
The operating activities section starts with net income of $9,650 and adds back non-cash items such as depreciation expense of $35,210 and impairment loss-goodwill of $2,200. The section also includes changes in working capital accounts such as an increase in accounts receivable, inventory, prepaid rent, accounts payable, income tax payable, salaries and wages payable, and short-term loans payable.
The investing activities section shows that Pronghorn Inc. received $15,400 from the sale of equipment and spent $13,500 on the purchase of new equipment, resulting in a net cash inflow of $1,900.
The financing activities section shows that the company paid $3,000 in dividends to common shareholders during 2020, which is treated as a financing activity.
Overall, Pronghorn Inc. had a net increase in cash of $41,115 during the year, starting with a cash balance of $25,050 at the beginning of the year and ending with a cash balance of $66,165 at the end of the year.
The statement of cash flows provides important information about the company's cash position and its ability to generate cash from operations. It also shows how the company is financing its operations and capital expenditures.
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Pelak Company had sales of $27,750,000, expenses of $20,000,000, and average operating assets of $12,750,000.
1. Compute the operating income.
2. Compute the margin (as a percent) and turnover ratio.
3. Compute the ROI as a percent.
Pelak Company's margin, turnover ratio, and ROI is to be computed. Given that the company's sales is $27,750,000, expenses is $20,000,000 and average operating assets is $12,750,000.
Solution-The formula for margin is as follows: Margin = Net Income / Sales Revenue - Expenses = Net Income Margin = (27,750,000 - 20,000,000) / 27,750,000Margin = 7,750,000 / 27,750,000Margin = 0.28Margin is expressed in percentage form by multiplying the result by 100.Margin = 0.28 * 100Margin = 28 %
The formula for Turnover Ratio is as follows: Turnover Ratio = Sales / Average Operating Assets Turnover Ratio = 27,750,000 / 12,750,000Turnover Ratio = 2.1765The ROI (Return on Investment) as a percent is given by multiplying the margin with turnover ratio. Roi = Margin * Turnover RatioRoi = 28% * 2.1765Roi = 60.824 %Therefore, the Margin is 28%, Turnover Ratio is 2.1765, and the ROI is 60.824%.
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Some friends tell you that they paid $15,038 down on a new house and are to pay $733 per month for 30 years. If interest is 6.6% compounded monthly, what was the selling price of the house? How much i
The selling price of the house is $120,985.93. The interest paid is $142,772.87. It is required to determine the selling price of the house when the down payment is $15,038 and they have to pay $733 per month for 30 years with an interest of 6.6% compounded monthly. It can be calculated as follows:
Selling price of the house
The future value formula to determine the selling price of the house is:
FV = Pmt × [{[1 + r]n – 1} ÷ r] – PV where, PV is the present value of the loan
Pmt is the monthly payment
r is the monthly interest rate
n is the number of payments (months)
FV is the future value of the loan
Given,The amount of down payment is $15,038The monthly payment is $733The annual interest rate is 6.6% compounded monthly
n = 30 years × 12 months/year
= 360 months
r = 6.6%/12
= 0.55% per month
PV = $0 (The amount of loan taken is the selling price of the house)
Now, calculate FV using the above formula:
FV = $733 × [{[1 + 0.0055]360 – 1} ÷ 0.0055] – $0
= $733 × [158.2587] – $0
= $120,985.93
Therefore, the selling price of the house is $120,985.93.
The interest can be calculated as follows:
Interest = Total amount paid – Selling price of the house
= $733 × 360 – $120,985.93
= $263,758.8 – $120,985.93
= $142,772.87
Therefore, the interest paid is $142,772.87.
Answer: The selling price of the house is $120,985.93. The interest paid is $142,772.87.
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Driven from HBL data
What might indicate if one company has a significantly higher debt-to-equity ratio than the other two on the below data?
Please describe the financing ratio of company A.
Financing Ratios
Company A Market Comparison
Year 2014 2015 2016 Debt to Equity = total liabilities / shareholder's equity Company A Company B Company C
Ratio 0.27 0.19 0.28 0.28 1.3 4.51
Debt-to-equity ratios for Company A are almost always lower than those for Company C, proving that Company C has a far greater debt-to-equity ratio. Company B is not considerably more expensive than Company A because of its identical 0.28 debt-to-equity ratio.
A financial ratio called the debt-to-equity ratio (D/E) shows the proportions of shareholders' equity and debt used to fund a company's assets. The ratio, which is closely tied to leveraging, is also known as risk, gearing, or leverage.
The ratio may also be calculated using market values for both, if the company's debt-to-equity ratio are both listed on a public exchange, or using a combination of book value for debt and market value for equity financially. The two components expensive are frequently taken from the firm's balance sheet or statement of financial position (so-called book value).
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SALE OF GOODS
Answer the question below using the IRAC method.
Question 1
Golden Care Sdn. Bhd. (Golden Care) runs a nursing home providing residential care for the old and sick people. Golden Care needs new machines for washing the twenty-five residents’ bed linen and clothes after their old ones broke down. Pn. Mariam, the director in charge of the nursing home, calls WashDoc Bhd ("WashDoc"), a retailer of electrical appliances specializing in washing and laundering equipment.
She informed the salesman for WashDoc that the home needed new machines to do their laundry works and asks recommendations about the type of machines to be used. After hearing the explanations, Pn. Mariam however decided to order 4 "Kleen" brand model GX 530 machines to be delivered to "Golden Care Sdn Bhd. She has selected the GX 530 model because she herself owns one at her house and is happy with its performance and durability. The salesman did not comment anything about her choice.
After a couple of months use, the washing machines start to break down regularly. Golden Care complains to WashDoc. Their reply was that the washing machines are ordinary domestic machines and are not intended to be run almost continuously, with an average of five loads daily, as Golden Care is doing.
Pn. Mariam had no idea that washing machines come in different grades and neither do the eight members of her staff. They all think that the big machines they have seen in commercial laundries and nursing homes differ from smaller machines only in the size of the load they can wash.
Discuss whether WashDoc is in breach of any implied term under the Sale of Goods Act due to the faulty machines. (14 Marks)
SUBJECT: BUSINESS LAW
The issue in this case is whether WashDoc is in breach of any implied term under the Sale of Goods Act due to the faulty washing machines sold to Golden Care Sdn. Bhd.
Rule: Under the Sale of Goods Act, there are certain implied terms that apply to the sale of goods. One of the implied terms is the implied condition of satisfactory quality.
According to Section 16(2)(c) of the Sale of Goods Act, goods must be of satisfactory quality, which means that they should be reasonably fit for the purpose for which goods of that kind are commonly supplied.
Application: In this case, Golden Care contacted WashDoc, a retailer of electrical appliances, to purchase new washing machines for their nursing home. Pn. Mariam, the director of Golden Care, informed the salesman about their need for new machines and asked for recommendations.
However, Pn. Mariam decided to order 4 "Kleen" brand model GX 530 machines based on her personal experience with the same model at her own house. The salesman did not comment on her choice.
After a couple of months of use, the washing machines started to break down regularly, causing inconvenience to Golden Care. When Golden Care complained to WashDoc, they responded by stating that the washing machines are ordinary domestic machines and not intended to be run almost continuously, as Golden Care was doing.
According to the facts, Golden Care was using the washing machines for commercial purposes in their nursing home, running an average of five loads daily.
However, Pn. Mariam and her staff were not aware that washing machines come in different grades and believed that the only difference between commercial machines and smaller machines is the size of the load they can wash.
Based on the implied condition of satisfactory quality, the washing machines should be reasonably fit for the purpose for which they are commonly supplied. In this case, the purpose was to wash bed linen and clothes in a nursing home setting.
If the machines were not designed or intended to be used almost continuously for commercial purposes, it could be argued that they were not reasonably fit for the purpose for which they were sold.
Conclusion: In conclusion, WashDoc may be in breach of the implied condition of satisfactory quality under the Sale of Goods Act. The washing machines sold to Golden Care were not reasonably fit for the purpose for which they were commonly supplied, considering their continuous commercial use.
However, further analysis of the specific terms of the sale agreement and any disclaimers made by WashDoc would be necessary to determine the extent of their liability.
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Mission statement for Inspira Health Network: Our Mission- to provide a safe and compassionate experience that improves the health and well-being of our community by placing the safety of our patients and the support of our employees at the center of all we do Is it a strong mission statement? Why or why not? What are the strengths of the mission statement? What are the weaknesses? If you could change the statement, how would you change it?
The mission statement for Inspira Health Network, “Our Mission- to provide a safe and compassionate experience that improves the health and well-being of our community by placing the safety of our patients and the support of our employees at the center of all we do” is a strong mission statement. Let's take a look at its strengths, weaknesses, and how it could be modified.Strengths of the Mission Statement:
Clear communication: The mission statement communicates the healthcare organization's primary objective of providing a safe and compassionate experience. This objective has been communicated effectively and clearly.
Targeted audience: The mission statement is geared towards the entire community, as it mentions the well-being of everyone. This ensures that the organization will cater to the healthcare needs of all members of the community.
Prioritizes employee welfare: The mission statement highlights the organization's dedication to ensuring the safety and support of its employees. This ensures that the staff will feel valued and motivated to work to the best of their ability.
Weaknesses of the Mission Statement:
Lack of differentiation: The mission statement is generic and does not give the organization a unique identity. This makes it difficult for potential patients to differentiate Inspira Health Network from its competitors.
Lack of specifics: The statement does not provide specific details about the healthcare services provided by the organization or how they plan on delivering on their objectives. This could make it challenging to measure their progress or success.
A suggestion for how to change the mission statement: To modify the statement, one can include more specifics and emphasize the healthcare services the organization provides. For example, it could be changed to something like: "Our mission is to provide exceptional and accessible healthcare services to the community by offering state-of-the-art medical facilities, skilled healthcare professionals, and cutting-edge technology. We strive to put the safety and care of our patients and staff at the center of everything we do." This would help to differentiate Inspira Health Network from its competitors, provide clarity on the services offered, and highlight the organization's commitment to quality healthcare.
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Topics:
Performance Appraisal Systems
Techniques of Performance Appraisal
Feedback
Reward Systems in Organizations
Individual and Group Incentive Plans
You can choose a topic from this semester or something you come up with yourself, but your paper must be about Organizational Behavior and be original (ie not just material verbatim that you have pulled from your text/readings or off the internet). Of course, you can still insert charts, graphs, videos, graphics, and excerpts from outside sources (as long as you cite those sources!) I want to see your commentary and analysis, in your own words.
Requirements:
Cover Page
2-3 pages APA formatted content with at least three acceptable sources.
Reference page
Cover Page
2-3 pages APA formatted content with at least three acceptable sources.
Reference page
Organizational Behavior: The performance appraisal is an essential part of human resource management and is an important management tool. The performance appraisal process involves evaluating and assessing employee performance against pre-established objectives and performance standards.
The performance appraisal process helps identify areas where employees require development and areas where employees excel. The feedback process is an essential part of the performance appraisal process. Feedback is an essential component of the performance appraisal process. It provides employees with information about their strengths and weaknesses and helps them identify areas for improvement. Feedback can be provided formally or informally. Formal feedback is generally provided during the performance appraisal process. Informal feedback can be provided by a supervisor or a colleague. Reward systems in organizations are designed to motivate employees and enhance performance.
The design of a reward system should be based on the organization's goals, objectives, and culture. The reward system should include both financial and non-financial rewards. Financial rewards can include bonuses, incentives, and profit-sharing plans. Non-financial rewards can include recognition, praise, and promotions. Individual and group incentive plans are used to motivate employees to enhance performance. Individual incentive plans are designed to motivate individual employees. Group incentive plans are designed to motivate a group of employees. Individual incentive plans are generally based on individual performance.
Group incentive plans are generally based on the performance of a group of employees. Techniques of performance appraisal: There are various techniques of performance appraisal that can be used by organizations. The most common techniques are the essay method, the critical incident method, the graphic rating scale, and the behaviorally anchored rating scale. The essay method involves writing an essay about the employee's performance.
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8. A national firm of chartered accountants wishes to introduce key performance indicators (KPIs) to monitor the financial performance of individual offices. Which two of the following would make the most appropriate KPIs? A Names of new clients secured B Number of staff hours charged out to clients C. Average age of office partners D Square footage of the office E Value of fee notes issued 13. The management accountant of FixltNow Ltd has correctly selected the operational plan which will maximise profit for the next month, assuming that 3,500 labour hours are available from its service engineers: Selling price. Less: Labour (at £14 per hour) Materials Other costs Gas Service £ per unit 156 OA. £7,600 OB. £9,000 OC. £9,867 OD. £12,333 42 28 12 82 74 Electric Service £ per unit 99 28 14 12 54 45 900 Contribution Maximum demand (units) 700 If the company contracts to pay £7,000 for a fixed block of 500 additional hours and these were also allocated optimally, profit for the month would be expected to increase by
8. The two most appropriate KPIs for monitoring the financial performance of individual offices in a national firm of chartered accountants would be:
B. Number of staff hours charged out to clients: This KPI measures the efficiency and productivity of the office in utilizing its staff resources. It provides insights into the utilization of billable hours and can help assess the workload and capacity of the office.
E. Value of fee notes issued: This KPI measures the financial performance of the office in terms of revenue generated from client fees. It reflects the effectiveness of the office in attracting and retaining clients, as well as the value of services provided.
13. If the company contracts to pay £7,000 for a fixed block of 500 additional hours and these were also allocated optimally, profit for the month would be expected to increase by:
To calculate the expected increase in profit, we need to determine the contribution per additional hour and multiply it by the number of additional hours (500).
Contribution per additional hour = Selling price - (Labour + Materials + Other costs)
Gas Service: £156 - (£14 + £28 + £12) = £102
Electric Service: £99 - (£14 + £28 + £14) = £43
Profit increase = Contribution per additional hour x Number of additional hours
Gas Service: £102 x 500 = £51,000
Electric Service: £43 x 500 = £21,500
Total profit increase = £51,000 (Gas Service) + £21,500 (Electric Service)
Total profit increase = £72,500
Therefore, the profit for the month would be expected to increase by £72,500 if the company contracts for the fixed block of 500 additional hours and allocates them optimally.
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Sands Berhad's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5 average costs per unit are as follows: Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 5,800 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 5,800 units? c. If 6,800 units are sold, what is the variable cost per unit sold? (Round "Per unit" answer to 2 decimal places.) d. If 6,800 units are sold, what is the total amount of variable costs related to the units sold? Sales commissions Variable administrative expense 0.65 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 5,800 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 5,800 units? c. If 6,800 units are sold, what is the variable cost per unit sold? (Round "Per unit" answer to 2 decimal places.) d. If 6,800 units are sold, what is the total amount of variable costs related to the units sold? e. If 6,800 units are produced, what is the average fixed manufacturing cost per unit produced? (Round "Per unit" answer to 2 decimal places.)
a. For financial reporting purposes, the total amount of product costs incurred to make 5,800 units can be calculated by using the average cost per unit.
Average cost per unit = Total product costs / Number of units
Total product costs = Average cost per unit × Number of units
Since the question does not provide the average cost per unit, we cannot determine the total amount of product costs incurred without additional information.
b. For financial reporting purposes, the total amount of period costs incurred to sell 5,800 units cannot be determined without additional information. The question does not provide any information about the period costs incurred.
c. If 6,800 units are sold, we can calculate the variable cost per unit sold using the given information.
Variable cost per unit sold = Sales commissions + Variable administrative expense
Variable cost per unit sold = $0.65
d. If 6,800 units are sold, we can calculate the total amount of variable costs related to the units sold by multiplying the variable cost per unit sold by the number of units sold.
Total variable costs related to the units sold = Variable cost per unit sold × Number of units sold
Since the question does not provide the number of units sold, we cannot determine the total amount of variable costs without additional information.
e. If 6,800 units are produced, we cannot calculate the average fixed manufacturing cost per unit produced without knowing the total fixed manufacturing cost. The question does not provide any information about the fixed manufacturing cost.
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The total amount of product costs incurred to make 5,800 units is $104,400. The average fixed manufacturing cost per unit produced if 6,800 units are produced is $14.90 per unit.
(a) Product cost includes direct materials, direct labor and manufacturing overhead. So, given the total average cost per unit, the product cost will be $14.00 + $1.60 + $2.40 = $18.00 per unit.
Therefore, the total amount of product costs incurred to make 5,800 units = $18 × 5,800 = $104,400
(b) Period cost includes sales commissions and variable administrative expense. Given, sales commissions are $0.65 per unit, so for 5,800 units, total sales commission = $0.65 × 5,800 = $3,770.
Variable administrative expense is a period cost and is not related to the production of a unit. Therefore, the total amount of period costs incurred to sell 5,800 units = sales commission + variable administrative expense = $3,770 + $0 = $3,770
(c) If 6,800 units are sold, then the variable cost per unit sold will be the same as given, that is, $14 + $1.60 + $2.40 = $18 per unit
(d) Variable cost per unit sold = $18, so total variable costs related to the units sold = $18 × 6,800 = $122,400
(e) Fixed manufacturing cost remains constant within the relevant range of activity. Given, the relevant range of activity is 3,000 to 7,000 units and the average cost per unit at 5,000 units is $5.60. Now, using the high-low method, let's calculate the fixed manufacturing cost per unit:
Average cost at the high level of activity (7,000 units) = $14 + $1.60 + $2.40 = $18 per unit
Average cost at the low level of activity (3,000 units) = $20.50 per unit
Variable cost per unit = $5.60
Fixed manufacturing cost per unit = Total cost at either level of activity - Variable cost per unit= $20.50 - $5.60 = $14.90
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Today, DuPont paid a dividend of $0.50. For the next 4 years, the company's dividend is expected to grow at 10% p.a. compound annually and then revert to a long-term growth rate of 4% p.a. forever after that. How much should an investor pay for a share of DuPont today if an appropriate rate of return is 12% p.a. compounded annually? Any intermediate steps should be rounded to 4 or more decimal places. Round your final answer in dollars to 2 decimal places and exclude the dollar sign (\$) or comma. For example, $10,784.6518 should be input as 10784.65.
The value an investor should pay for a share of DuPont today, we can use the dividend discount model (DDM). The DDM values a stock based on the present value of its expected future dividends.
In this case, the dividends are expected to grow at a rate of 10% annually for 4 years, followed by a long-term growth rate of 4% indefinitely. The appropriate rate of return is 12% annually.
The value of a share of DuPont today, we need to calculate the present value of the expected future dividends. The dividends are expected to grow at 10% annually for 4 years and then at a long-term growth rate of 4% thereafter.
1. Calculate the present value of dividends for the first 4 years:
PV_dividends = D1 / (1 + r) + D2 / (1 + r)^2 + D3 / (1 + r)^3 + D4 / (1 + r)^4
where D1 is the dividend paid today ($0.50) and r is the appropriate rate of return (12% or 0.12).
2. Calculate the present value of the terminal value:
PV_terminal = D5 / (r - g)
where D5 is the dividend expected in year 5 (D4 * (1 + g)) and g is the long-term growth rate (4% or 0.04).
3. Calculate the total present value of dividends:
PV_total = PV_dividends + PV_terminal
4. Determine the value an investor should pay for a share of DuPont today:
Value = PV_total
By performing these calculations, we can find the value an investor should pay for a share of DuPont today, taking into account the expected dividend growth, appropriate rate of return, and long-term growth rate.
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Wonka industries owns machinary that cost $87,000 with accumulated depreciation of $40,000. The company sells journal entry to record the sale would include: A credit to Accumulated Depreciation of $40,000 A credit to Machinery of $47,000 A credit to Gain on sale of $2000. A debit to Accumulated Depreciatton of $47,000, A debit to Cash of $42000 .
The correct journal entry to record the sale of machinery would be: Debit: Accumulated Depreciation $40,000
Debit: Machinery $47,000
Credit: Cash $42,000
Credit: Gain on Sale of Machinery $5,000
Explanation:
The debit to Accumulated Depreciation of $40,000 removes the accumulated depreciation related to the machinery from the books.
The debit to Machinery of $47,000 removes the cost of the machinery from the books.
The credit to Cash of $42,000 represents the amount received from the sale of the machinery.
The credit to Gain on Sale of Machinery of $5,000 represents the difference between the sale price and the net book value of the machinery ($87,000 - $40,000 = $47,000 - $42,000 = $5,000). This gain on sale is recognized as income.
Therefore, the correct journal entry would be:
Debit Accumulated Depreciation $40,000
Debit Machinery $47,000
Credit Cash $42,000
Credit Gain on Sale of Machinery $5,000
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The term market mechanism refers to:
Group of answer choices
Resource allocation based on consumer needs.
Resource allocation based on a production possibilities curve.
Government laws and regulations concerning how the market should operate.
The use of market prices and sales to signal desired output.
Flag question: Question 2
Question 22 pts
2. Market failure implies that the market mechanism:
Group of answer choices
Causes shortages or surpluses in the market.
Leads the economy to a point outside the production possibilities curve.
Causes government failure.
Leads the economy to the wrong mix of output.
Flag question: Question 3
Question 32 pts
3. Government intervention may be appropriate to correct market outcomes because of:
Group of answer choices
None of the above
Private Goods
Market Failure
Production Possibilities
Flag question: Question 4
Question 42 pts
4. From an economic standpoint, government intervention is justified:
Group of answer choices
When the market mechanism fails to achieve the optimal mix of output.
When the private sector is larger than public sector.
Because the government will encourage the production of private goods.
Because the government can increase the level of market power of private businesses.
Flag question: Question 5
Question 52 pts
5. Any imperfection in the market mechanism that prevents optimal outcomes is known as:
Group of answer choices
Market failure.
External cost.
Government failure.
Public cost.
Flag question: Question 6
Question 62 pts
6. Which of the following is not a source of market failure?
Group of answer choices
Market power
Government intervention
Externalities
Public goods
Flag question: Question 7
Question 72 pts
7. What is an externality?
Group of answer choices
The cost or benefit to a third party of a market activity
Anything external to the market
None of the above
The resulting resource allocation from a market activity
Flag question: Question 8
Question 82 pts
8. In economics, a public good:
Group of answer choices
Is under produced by the market.
Is any good produced by the government.
Is over produced by the market.
Is provided in an optimal amount by the market.
Flag question: Question 9
Question 92 pts
9. The term market power refers to:
Group of answer choices
A firms ability to make a profit.
A firm's ability to alter the market price or quantity of a good or service.
A firm's ability to fire employees.
The government's authority to tax businesses.
Flag question: Question 10
Question 102 pts
10. The federal government's role in providing aid to the poor and the aged is justified because of concerns about:
Group of answer choices
Inequity
Market power
Restricted supply
Macro failure
1. The term market mechanism refers to the use of market prices and sales to signal desired output.
2. Market failure implies that the market mechanism leads the economy to the wrong mix of output.
3. Government intervention may be appropriate to correct market outcomes because of market failure.
4. From an economic standpoint, government intervention is justified when the market mechanism fails to achieve the optimal mix of output.
5. Any imperfection in the market mechanism that prevents optimal outcomes is known as market failure.
6. Government intervention is not a source of market failure.
7. An externality is the cost or benefit to a third party of a market activity.
8. In economics, a public good is underproduced by the market.
9. The term market power refers to a firm's ability to alter the market price or quantity of a good or service.
10. The federal government's role in providing aid to the poor and the aged is justified because of concerns about inequity.
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The market mechanism refers to the use of market prices and sales to signal desired output. Market failure occurs when the market mechanism leads the economy to the wrong mix of output. Government intervention may be appropriate to correct market outcomes because of market failure.
Explanation:1. The term market mechanism refers to:The use of market prices and sales to signal desired output.
Leads the economy to the wrong mix of output.
Market Failure.
When the market mechanism fails to achieve the optimal mix of output.
Market failure.
Government intervention.
The cost or benefit to a third party of a market activity.
Is under produced by the market.
A firm's ability to alter the market price or quantity of a good or service.
Inequity.
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Transcribed image text: cine CASE STUDY 5.1 Marketing Medical Tourism in Asia In 2019, Ballistan-a fictional country based on a small Asian nation with a modern healthcare system and a strong economy-recognized that its healthcare system had features that would be attractive to medical tourists. The potential revenue that medical tourism could generate was large enough for the national government to take an interest in ensuring the success of this endeavor. To that end, Ballistan established an agency to attract international business and promote medical tourism. Funded by the national government, the agency was a ministry operated with the full cooperation of the country's healthcare organizations and directed by a high-ranking government official. One of the first steps the agency took was to assess the current domes- tic need for health services and the availability of local facilities. It identified existing capacity, took an inventory of medical equipment, and determined the number and qualifications of existing clinical personnel. It also evaluated the system's ability to meet domestic needs and to serve an international clientele. Further, it estimated the size of the international market and cal- culated potential revenue. Having determined that a large and growing market of consumers with substantial resources to spend on healthcare existed and that the system could absorb a substantial number of international patients, the agency devel- oped a multipronged marketing initiative. The first campaign raised awareness (continued) Marketing Health about available services for the countries with the most potential customers (Le, elsewhere in Asia, the Middle East, and the United States). A follow-up campaign promoted Ballistan and its healthcare resources. Related articles were published in newspapers, magazines, and journals. These print materi als were supplemented by an interactive website that included a blog, a cost about medical tourism. Social media platforms were used to connect with calculator, a map of the country's health facilities, and colorful infographics prospects. Although some paid advertising was used, the agency felt that paid advertising was the least effective means of reaching the target market. The agency put together comprehensive medical tourism packages with the help of the country's travel and hospitality industries. These packages offered a fixed price covering all charges for air or train travel, room and board, medical care, rehabilitation (if needed) and follow-up care, and local tours. The agency installed liaison offices and staffs in several foreign coun- tries to answer questions and coordinate arrangements for incoming cus tomers. In addition, these satellite offices forged relationships with medical practitioners in these target countries to establish legitimacy and ensure a steady source of referrals. The agency negotiated with health insurance plans that agreed to refer some of their cases to these countries' practitioners. In convincing potential customers to travel to Ballistan to obtain health services, the agency highlighted the following benefits: • Fixed, competitive price • State-of-the-art facilities staffed by English-speaking clinical experts trained in the United States • Care and services of a quality equal to or better than that found elsewhere • Personalized attention before, during, and after the treatment or procedure • Cultural and sightseeing opportunities available to visitors and their families The campaign to promote medical tourism in Ballistan was highly successful, particularly among consumers from the United States. People with medical needs or wants have flocked to its cities since. Customers with commercial insurance have been able to cover either the full or partial cost of care, but those who pay out of pocket are delighted to pay only a fraction (continued) of what th marketing were satis critical fin CASE S 1. Wh tou 2. Wh po ca 3. W 4- W tc 5. W P 6. F What Consu vices. the fo care Consumers and Consumer Behavior of what the same care would cost in the United States. Notably, the agency's marketing research revealed that a high number of these medical tourists were satisfied with the outcomes of care and the delivery of the services-a critical finding in light of the importance of word of mouth to medical tourism. CASE STUDY DISCUSSION QUESTIONS 1. What prompted officials in Ballistan to consider entering the medical tourism business? 2. What steps were taken to identify the current status and future potential of medical tourism? 3. What factors encouraged government officials to develop a marketing campaign to attract medical tourists? 4. What marketing techniques did the agency use to promote medical tourism? 5. What role did relationship development play in implementing the promotional strategy? 6. How effective was the campaign to Ballistan's thriving medical tourism?
1. The revenue prompted officials in Ballistan. 2. The initiatives included domestic needs, capacity holding, and size of international markets. 3. The revenue encouraged government officials. 4. The marketing techniques used were: awareness, publishing articles, newspaper, blogs and journals along with social media platforms. 5. The satellite offices established relationships with medical practitioners in target countries to establish legitimacy and ensure a steady source of referrals. 6. The campaign was highly effective and successful.
1.The potential revenue that medical tourism could generate was large enough for the national government to take an interest in ensuring the success of this endeavor.
2. One of the first steps the agency took was to assess the current domestic need for health services and the availability of local facilities. It identified existing capacity, took an inventory of medical equipment, and determined the number and qualifications of existing clinical personnel. It also evaluated the system's ability to meet domestic needs and to serve an international clientele. Further, it estimated the size of the international market and calculated potential revenue.
3. The potential revenue that medical tourism could generate was large enough for the national government to take an interest in ensuring the success of this endeavor.
4. The agency used a multipronged marketing initiative that included raising awareness about available services through promotional strategy such as campaign, publishing related articles in newspapers, magazines, and journals, and supplementing these print materials by an interactive website that included a blog, a cost calculator, a map of the country's health facilities, and colorful infographics.
Social media platforms were used to connect with prospects. The agency also put together comprehensive medical tourism packages with the help of the country's travel and hospitality industries and installed liaison offices and staffs in several foreign countries to answer questions and coordinate arrangements for incoming customers.
5. The satellite offices established relationships with medical practitioners in target countries to establish legitimacy and ensure a steady source of referrals. The agency also negotiated with health insurance plans that agreed to refer some of their cases to these countries' practitioners.
6. The campaign was highly successful, particularly among consumers from the United States. People with medical needs or wants have flocked to its cities since. Notably, the agency's marketing research revealed that a high number of these medical tourists were satisfied with the outcomes of care and the delivery of the services—a critical finding in light of the importance of word of mouth to medical tourism.
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6. Gloria has been approached by Mark to invest $24,000 in a project. As a return, Mark promises $9,000 at the end of each year, for 3 years. If Gloria’s minimum required rate of return is 12%, should she invest?
a. She should not invest since rate of return of the project is 6%, which is smaller than her hurdle rate.
b. She should not invest since rate of return of the project is 8%, which is smaller than her hurdle rate.
c. She should invest since rate of return of the project is 12%, which meets her hurdle rate.
d. She should invest since rate of return of the project is 14%, which is greater than her hurdle rate.
b. She should not invest since the rate of return of the project is 8%, which is smaller than her hurdle rate of 12%.
To determine whether Gloria should invest, we need to compare the rate of return offered by the project with her hurdle rate. The project promises a return of $9,000 per year for 3 years, which totals $27,000. However, Gloria is investing $24,000, so the net gain is $3,000. To calculate the rate of return, we divide the net gain by the initial investment: $3,000 / $24,000 = 0.125, or 12.5%. Since this rate of return is smaller than Gloria's hurdle rate of 12%, she should not invest (option b).
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1. McDonald’s – Vertical Analysis: Food & Paper for 2021 is 13%. Round final answer to whole percentage. Ex: 65%
A. True
B. False
2. McDonald’s: Working Capital for 2021 and 2020 is $3,128.5 and $62.0, respectively. Round final answer to dollars WITH one decimal, including zero. Ex: $1,234.5; or Ex: $1,234.0
A. True
B. False
1) The given statement "McDonald’s – Vertical Analysis: Food & Paper for 2021 is 13%" is false.
2) The given statement "McDonald’s: Working Capital for 2021 and 2020 is $3,128.5 and $62.0, respectively" is true.
1.
The given statement "McDonald’s – Vertical Analysis: Food & Paper for 2021 is 13%" is false. Generally Vertical analysis is defined as a method of financial statement analysis that involves expressing each line item as a percentage of a base amount. In this case, the statement suggests that Food & Paper expenses for McDonald's in 2021 account for 13% of the total. However, without the base amount or the complete vertical analysis of the financial statements, it is not possible to confirm the accuracy of this statement.
2.
On the other hand, the given statement "McDonald’s: Working Capital for 2021 and 2020 is $3,128.5 and $62.0, respectively" is true. Generally, Working capital is defined as a measure of a company's short-term financial health and is calculated by subtracting current liabilities from current assets. The given figures of $3,128.5 for 2021 and $62.0 for 2020 represent the working capital amounts for McDonald's in those respective years.
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X Inc. uses a periodic inventory system: During April, the following transactions occurred: Apr 3 Purchased $2,000 of merchandise, terms 3/10, n/60, FOB Destination. 6 The appropriate party paid freight charges of $150 on goods purchased 6 on April 3. 7 Returned $300 of the merchandise purchased on April 3. 11 Paid for the goods purchased on April 3. 13 Sold goods costing $600 on credit for $1,000. Estimated returns are 10%. 14 The customer of April 13 returned $300 of the goods that had a cost of $180. 23 Received payment from the customer of April 13.
Instructions Prepare journal entries to record the above transactions. Show your calculations when applicable.
These journal entries record the transactions for X Inc. in April, as per the given information.
To prepare the journal entries for the given transactions, we will record each transaction individually. Here are the journal entries:
April 3: Purchased $2,000 of merchandise, terms 3/10, n/60, FOB Destination.
Inventory 2,000
Accounts Payable 2,000
April 6: Paid freight charges of $150 on goods purchased on April 3.
Freight Expense 150
Cash 150
April 7: Returned $300 of the merchandise purchased on April 3.
Accounts Payable 300
Inventory 300
April 11: Paid for the goods purchased on April 3.
Accounts Payable 1,940 [($2,000 - $300) - ($2,000 - $300) * 0.03]
Cash 1,940
April 13: Sold goods costing $600 on credit for $1,000. Estimated returns are 10%.
Accounts Receivable 1,000
Sales Revenue 1,000
Cost of Goods Sold 600
Inventory 600
April 14: The customer of April 13 returned $300 of goods that had a cost of $180.
Sales Returns and Allowances 300
Accounts Receivable 300
Inventory 180
Cost of Goods Sold 180
April 23: Received payment from the customer of April 13.
Cash 900 [($1,000 - $300) * (1 - 0.1)]
Accounts Receivable 900
Note: In transaction 4, the calculation is based on the net amount payable after deducting the return and applying the discount (3% of the net amount payable).
These journal entries record the transactions for X Inc. in April, as per the given information.
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Flying Cow Aviation Inc.'s free cash flows (FCFs) are expected to grow at a constant long-term growth rate (gl) of 16% per year into the future. Next year, the company expects to generate a free cash flow of $7,000,000. The market value of Flying Cow's outstanding debt and preferred stock is $45,000,000 and $25,000,000, respectively. Flying Cow has 1,500,000 shares of common stock outstanding, and its weighted average cost of capital (WACC) is 23%. Given the preceding information, complete the adjacent table (rounding each value to the nearest whole dollar), and assuming that the firm has not had any nonoperating assets in its balance sheet. Term Value Value of Operations $ Value of Firm's Common Equity Value of Common Stock (per share) Oops, a more careful review of Flying Cow's balance sheet actually reports a $2,480,000 portfolio of marketable securities. How does this new information affect the intrinsic value of Flying Cow's common equity (expressed on a per-share basis) assuming no other changes to the Flying Cow financial situation? Review the statements below and select those that accurately describe Flying Cow's financial situation. Check all that apply. The revised intrinsic value of Flying Cow's common stock is $21.65 per share. The intrinsic value of Flying Cow's common stock decreases with the inclusion of the company's marketable securities portfolio into the analysis. The greater the market value of the marketable securities portfolio, the smaller the company's total intrinsic (entity) value. The intrinsic value of Flying Cow's common stock increa ses with the inclusion of the company's marketable securities portfolio into the analysis.
The revised intrinsic value of Flying Cow's common stock is $21.65 per share.
The inclusion of Flying Cow Aviation Inc.'s marketable securities portfolio of $2,480,000 into the analysis affects the intrinsic value of the company's common equity. When calculating the intrinsic value, the marketable securities portfolio is considered as part of the company's assets. As a result, the value of the firm's common equity increases, leading to an increase in the intrinsic value of Flying Cow's common stock on a per-share basis.
Flying Cow's intrinsic value is determined by discounting its future free cash flows at the weighted average cost of capital (WACC). The higher the intrinsic value of the firm's common equity, the higher the intrinsic value of the common stock per share. The marketable securities portfolio, being an additional asset, contributes to the overall value of the company and enhances the intrinsic value of the common stock.
In this case, the specific impact on the intrinsic value of the common stock cannot be determined without additional information, such as the rate of return on the marketable securities portfolio. However, given that the marketable securities portfolio is a positive asset, it would generally have a positive effect on the company's intrinsic value.
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Questions to think about for the Fungi: (Please complete these homework questions at home and turn in at the start of Lab 22. Use your own words for credit.) 1. How are fungi different from the other kingdoms of life? 2. What are the basic differences between the molds and yeasts? 3. What are dimorphic fungi? Dimorphic fungi has ability togron as yeasts and molds, depenoling on the conditions. Acquired by inhalation or airbone spores from soil. 4. What are saprophytes, and how are they different from parasites? Cavse systernic meycos 5. What are hyphae? What are mycelia? 6. What are some fungi of medical importance? Why are they important?
How are fungi different from the other kingdom of life?
Fungi are a distinct kingdom of organisms that differ from other kingdoms of life, such as plants, animals, and bacteria, in several ways:
Cell structure: Fungi are eukaryotic organisms, meaning they have cells with a true nucleus and membrane-bound organelles. This sets them apart from prokaryotic organisms like bacteria.
Mode of nutrition: Fungi are heterotrophs, which means they obtain their nutrients by absorbing organic matter from their environment. They do not perform photosynthesis like plants or ingest food like animals. Instead, they secrete enzymes to break down complex organic materials and then absorb the resulting nutrients.
Cell walls: Fungi have cell walls composed primarily of chitin, a tough and flexible polysaccharide. In contrast, plant cell walls are mainly made up of cellulose, while animal cells lack cell walls.
Reproduction: Fungi reproduce through the production of spores, which can be sexually or asexually produced. They do not have complex reproductive organs like plants or animals.
Body structure: Fungi have filamentous structures called hyphae, which collectively form a network called mycelium. This mycelial network allows fungi to efficiently explore and extract nutrients from their surroundings.
What are the basic differences between molds and yeasts?
Molds and yeasts are both types of fungi, but they differ in their structural characteristics and growth patterns:
Molds:
Molds are multicellular fungi that typically form visible colonies composed of densely intertwined hyphae.
They have a fuzzy or cottony appearance and can often be seen on food or other organic materials.
Molds reproduce by forming and releasing spores into the air or their surrounding environment.
They thrive in environments with high humidity and can spread through the production of airborne spores.
Yeasts:
Yeasts are unicellular fungi that exist as individual rounded or oval cells.
They have a smooth and creamy texture, often resembling a paste or liquid.
Yeasts reproduce by budding, where a smaller yeast cell grows as an outgrowth from the parent cell before eventually detaching.
They are commonly found in liquid environments, such as fermenting fruits, tree sap, and the human body (e.g., as part of the normal flora).
What are dimorphic fungi?
Dimorphic fungi are a group of fungi that can exist in two different forms, depending on the environmental conditions. They can switch between a yeast-like form and a filamentous mold-like form.
The yeast form:
Under specific conditions, such as in the human body at 37°C, dimorphic fungi can grow as yeast-like cells. These cells are typically round or oval in shape, similar to other yeasts.
The yeast form is associated with the ability of these fungi to cause infections in humans and other animals.
The mold form:
In the environment or laboratory conditions at lower temperatures, dimorphic fungi grow as filamentous molds. These molds have a branching network of hyphae.
The mold form is often the reproductive and survival phase of dimorphic fungi, allowing them to produce spores and disperse in their natural habitats.
The ability of dimorphic fungi to switch between these two forms is influenced by factors such as temperature, nutrient availability, and host immune responses. The dimorphic nature of these fungi contributes to their pathogenicity and ability to cause diseases, particularly when they transition from the mold form to the yeast form within the host.
What are saprophytes, and how are they different from parasites?
Saprophytes are organisms, including certain fungi, that obtain their nutrients by decomposing dead organic matter. They play a crucial role in ecosystems by breaking down organic materials
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Suppose that a firm's total production function is y=50L
2
−L
3
; where L represents the labor input (in hours). a. Write an expression for the average output per hour of labor. b. Write an expression for the marginalproduct of labor. c. Solve for the labor input at which average (
L
y
) and marginal (y
′
(L)) products are equal. d. Which of the options is true at the point in part (c)?
The labor input at which average and marginal products are equal is L = 25. The average output per hour of labor can be calculated by dividing the total output (y) by the labor input (L).
a. The average output per hour of labor can be calculated by dividing the total output (y) by the labor input (L). So, the expression for average output per hour of labor is:
Average output per hour = y/L = (50L^2 - L^3)/L = 50L - L^2
b. The marginal product of labor can be found by taking the derivative of the total production function with respect to labor input (L). So, the expression for the marginal product of labor is:
Marginal product of labor = y' (L) = d(y)/d(L) = d/d(L)(50L^2 - L^3) = 100L - 3L^2
c. To find the labor input at which the average and marginal products are equal, we need to set the expressions for average and marginal products equal to each other:
50L - L^2 = 100L - 3L^2
Simplifying the equation, we get:
2L^2 - 50L = 0
Factoring out L, we get:
L(2L - 50) = 0
This equation is satisfied when L = 0 or 2L - 50 = 0. The labor input cannot be zero, so we solve the second equation:
2L - 50 = 0
2L = 50
L = 25
Therefore, the labor input at which average and marginal products are equal is L = 25.
d. At the point where average and marginal products are equal, the firm is experiencing constant returns to scale.
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U.S. Stroller - JIT vs. MRP
I listed 13 elements that are needed to support JIT flow. Judy Hawkins has recommended that Clem switch to a JIT flow in manufacturing. Considering the 13 elements, what problems exist in the conversion to JIT?
Other than manufacturing process layout and design, what other issues need to be considered to successfully implement JIT?
Which of the following three options would you recommend and why?
Option 1: A Pull System
Option 2: Manufacturing Cells
Option 3: Improve the existing MRP System
Maintenance and repair work must be carried out immediately. Operators must be able to work in a multi-skilled environment where they can perform many operations on a variety of machinery.Material and component quality are critical because of the lack of inventory. Incoming materials must be of the highest quality, with no inspection required or minimal inspection.
Suppliers must be involved in the implementation process in order to ensure that they are ready for the changes and can provide the right quality and quantity of materials. Maintenance must be carried out in order to avoid unexpected downtime that can result in stockouts and other issues. It is important to have a maintenance team that is well-trained and experienced with the equipment used in a JIT environment.
Manufacturing cells are a group of machines that are used to produce a limited variety of parts that are needed in JIT production. This option is better than option 1 because it enables the production of small lot sizes with high precision. Additionally, manufacturing cells increase the flexibility of the manufacturing process, allowing manufacturers to quickly respond to changes in demand without having to reorganize their production lines.
Improving the existing MRP system may not be sufficient to achieve the goals of JIT production. A pull system, on the other hand, will help to minimize inventory and lead times. However, it requires a significant amount of coordination between suppliers and manufacturers, which may not be feasible in some situations.
Thus, manufacturing cells is the best option.
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During 2020, Riverbed Furniture Limited purchased a railway carload of wicker chairs. The manufacturer of the chairs sold them to Riverbed for a lump sum of $58,500, because it was discontinuing manufacturing operations and wanted to dispose of its entire stock. Three types of chairs are included in the carload. The three types and the estimated selling price for each are as follows:
Estimated Selling
Туре
No. of Chairs Price per Chair
Lounge chairs Straight chairs
450 640
350
$94
54
Armchairs
84
Riverbed estimates that the costs to sell this inventory would be $3 per chair. During 2020, Riverbed sells 400 lounge chairs, 250 armchairs, and 140 straight chairs, all at the same prices as estimated. At December 31, 2020, the remaining chairs were put on sale: the lounge chairs at 25% off the regular price, the armchairs at 30% off, and the straight chairs at 40% off. All were expected to be sold at these prices.
What is the total cost of the chairs remaining in inventory at the end of 2020, using the relative sales value method? (Round percentages to 1 decimal place, e.g. 52.7% and all other
amounts to 2 decimal places, e.g. 52.75.)
Total costs $
LINK TO TEXT
LINK TO TEXT
What is the net realizable value of the chairs remaining in inventory? (Round answer to 2 decimal places, e.g. 52.75.)
Net realizable value $
LINK TO TEXT
LINK TO TEXT
What is the appropriate inventory value to be reported on the December 31, 2020 statement of financial position, assuming the lower of cost and NRV is applied on an individual item basis?
(Round answer to 2 decimal places, e.g. 52.75.)
Inventory value $
The total cost of chairs remaining in inventory at end of 2020 is $58,500.00. The net realizable value is the sum of the individual net realizable values are $1,366.75. The appropriate inventory value to be reported on the December 31, 2020 statement of financial position is $60,866.75.
To calculate the total cost of the chairs remaining in inventory at the end of 2020 using relative sales value method, we will determine the cost allocated to each type of chair based on their relative sales values.
First, let's calculate the relative sales values for each type of chair:
Lounge chairs: (400 / 400 + 250 + 140) = 0.4878
Armchairs: (250 / 400 + 250 + 140) = 0.3049
Straight chairs: (140 / 400 + 250 + 140) = 0.2073
Next, we allocate the total cost of $58,500 to each type of chair based on their relative sales values;
Cost allocated to lounge chairs: $58,500 × 0.4878 = $28,524.30
Cost allocated to armchairs: $58,500 × 0.3049 = $17,835.15
Cost allocated to straight chairs: $58,500 × 0.2073 = $12,140.55
The total cost of the chairs remaining in inventory at the end of 2020 using the relative sales value method is the sum of the allocated costs:
Total costs = $28,524.30 + $17,835.15 + $12,140.55
= $58,500.00
Next, to calculate the net realizable value (NRV) of the chairs remaining in inventory, we apply the discount percentages provided:
Net realizable value of lounge chairs = $945 × (1 - 0.25)
= $708.75
Net realizable value of armchairs = $640 × (1 - 0.30)
= $448.00
Net realizable value of straight chairs = $350 × (1 - 0.40)
= $210.00
The total net realizable value is the sum of the individual net realizable values;
Net realizable value = $708.75 + $448.00 + $210.00
= $1,366.75
Finally, to determine the appropriate inventory value to be reported on the December 31, 2020 statement of financial position, we compare the cost and net realizable value for each type of chair and choose the lower amount:
Inventory value = $28,524.30 + $17,835.15 + $12,140.55 + $1,366.75
= $60,866.75
Therefore, the appropriate inventory value to be reported on the December 31, 2020 statement of financial position is $60,866.75.
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In a study of North American IT professionals, Enterprise Management Associates identified several megatrends that were impacting network design and management. Which of the following was not one of those megatrends. A. Network analytics initiatives were under way in most firms. B. Outsourcing of network management functions was common. C. Companies were using too few tools to monitor and troubleshoot their networks. D. Use of the cloud was commonplace. E. Internet of Things (IoT) was pervasive in companies
The megatrend that was not identified by the Enterprise Management Associates in a study of North American IT professionals. Thus, option B is the correct answer.
Impacting network design and management is "Outsourcing of network management functions was common." Enterprise Management Associates conducted a study of North American IT professionals, identifying megatrends that were affecting network design and management.
The following were the megatrends that were recognized in the study: Network analytics initiatives were under way in most firms. Companies were using too few tools to monitor and troubleshoot their networks. Use of the cloud was commonplace. Internet of Things (IoT) was pervasive in companies. The option that was not identified by Enterprise Management Associates as a megatrend impacting network design and management is: "Outsourcing of network management functions was common." Thus, option B is the correct answer.
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How and why did the United States become involved in World War II (aside from Pearl Harbor, one or two reasons), and what were the effects of that war both nationally (one example) and internationally (one example)?
(This is a US History question and chegg said to post in economics as it is the "closest" field.) (thank you in advance)
The United States became involved in World War II mainly because of the military aggression of Germany and Japan. Additionally, there are a few reasons that led to the involvement of the United States in the war apart from the Pearl Harbor Attack. These reasons are as follows:
Reasons for US involvement in World War II (apart from Pearl Harbor)German aggression: Germany was becoming aggressive in Europe, and in 1939, they attacked Poland and annexed Austria and Czechoslovakia. The United States saw the threat of Germany's military and joined the war in 1941 to assist the allied powers. Japan's imperialistic ambitions: Japan's imperialistic ambition led to their expansion into Asia, which the United States saw as a threat to its security and interests in the region. This led to the United States imposing an oil embargo on Japan, leading to the Pearl Harbor attack. Effect of World War II on the United States Nationally: One of the significant effects of World War II on the United States was economic growth and development. The production of military equipment during the war created jobs, reducing unemployment levels, and boosting the economy. Internationally: The effect of World War II internationally was the establishment of the United Nations. The organization was created to ensure that countries worked together to prevent conflicts and wars and resolve disputes peacefully.
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Consider the process shown below. The times shown below each task are the minutes per unit spent by the worker performing that task. Assume each task is being performed by just 1 worker.
What is the capacity of the process in units per hour? Round your answer to 2 decimal places.
What is the labor utilization for this process? Please enter your answer on the 0 to 100 scale, and do NOT enter the % sign. Round your answer to 2 decimal places.
The process can produce 5.08 units of the product in an hour, and the workers are working efficiently with 100% labour utilization.
The capacity of process in units per hour: The given information about the process is tabulated below:
Task Minutes per unit
Task A2.50
Task B1.80
Task C3.00
Task D4.50
The time taken to complete 1 unit of the product can be determined by adding the time taken for each task. Time taken to complete 1 unit of product= 2.50 + 1.80 + 3.00 + 4.50= 11.80 minutes
The capacity of the process in units per hour can be determined using the formula: Units per hour = (60 minutes/processing time for 1 unit) × Number of workers
Units per hour = (60 / 11.80) × 1 = 5.08 units/hour
Therefore, the capacity of the process in units per hour is 5.08 units/hour (rounded to 2 decimal places).Labour utilization for the process: Labor utilization is the ratio of the actual processing time to the theoretical processing time. It can be calculated as Labor utilization = (Actual processing time / Theoretical processing time) × 100%
Actual processing time = (2.50 + 1.80 + 3.00 + 4.50) × 1= 11.80 minutes
Theoretical processing time = The time taken to complete the task with 100% efficiency (by 1 worker)= (2.50 + 1.80 + 3.00 + 4.50) × 1= 11.80 minutes therefore, Labor utilization = (11.80 / 11.80) × 100%= 100%
In this given process, the capacity of the process in units per hour is 5.08 units/hour, and the labour utilization is 100%.
The capacity of a process is the maximum number of units of the product that can be produced in a given time. It is measured in units per hour or units per day. In this process, the capacity of the process in units per hour is 5.08 units/hour. The labour utilization of a process is the measure of how efficiently the workers are working to produce the product. It is the ratio of actual processing time to the theoretical processing time. The theoretical processing time is the time taken to complete the task with 100% efficiency. In this process, the labour utilization is 100%, which means the workers are working very efficiently to produce the product
The process can produce 5.08 units of the product in an hour, and the workers are working efficiently with 100% labour utilization.
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On January 1 of Year 1 , lessor Marcy and lessee Lenox contract for the lease of a machine for five payments of $7,000 each. The $7,000 payments are to be paid at the end of each year beginning on December 31 of Year 1 . They also agree that at the time of the fifth payment, for an added $6,000 purchase option payment, Lenox can buy the per year and Lenox is unaware of the implicit rate of the lease. The economic life of the asset is six years. Required a. How would Lenox classify the lease? b. Compute the value of the lease liability on January 1 of Year 1. - Note: Round your answer to the nearest whole dollar. c. Prepare a schedule of the lease liability for the first two years of the lease term. - Note: Round each amount in the schedule to the nearest whole dollar. Use the rounded amount for later calculations in the schedule.
Lenox classifies the lease as a capital lease due to a purchase option and a lease term exceeding the asset's economic life. A schedule of the lease liability for the first two years can be prepared.
a. Lenox would classify the lease as a capital lease. The presence of a purchase option and the lease term exceeding a significant portion of the asset's economic life are indicators of a capital lease. b. The value of the lease liability on January 1 of Year 1 can be determined using the present value of the lease payments. The lease payments consist of five payments of $7,000 each and an additional $6,000 for the purchase option payment. The economic life of the asset is six years. By discounting these cash flows using an appropriate discount rate, the value of the lease liability can be calculated. c. To prepare a schedule of the lease liability for the first two years of the lease term, you would list the annual lease payments and calculate the reduction in the lease liability. Each year, the lease liability decreases by the amount of the lease payment. The rounded amounts for each year can be used for subsequent calculations in the schedule.
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Objective of this Assignment
Explain the methods and analysis to be used to test a hypothesis.
For this assignment, read the following scenario:
You tell your boss, "I've been working in the business intelligence and data analytics field for years. I know what I'm talking about. All of our competitors train the elves on their analytics teams. We give ours pixie dust. If we train our elves, then we will increase our data processing capacity by thirteen percent."
Note: Pixie dust is to elves as caffeine is to humans, a stimulant. Training is to elves as it is to humans, a way to enhance skills.
Your boss thinks they are playing devil's advocate (. . .you know for a fact they really are the devil's advocate. . .) and replies, " Well, I know a thing or two myself, 'wizardly one.' Elves are smart. They don't need training. If we do what you propose, then our data processing capacity will not improve by one iota, let alone thirteen percent. Prove me wrong."
"Challenge accepted," you declare, march out of the ivory tower and straight to your grotto, which is crammed with techno-computing junk, plop yourself down on your thrown made of melted hard drives, and get to thinking about how you will show your boss, yet again, you are not, not right.
For discussion:
Your search of open and commercial data sources comes up empty. There are no data extant that connect pixie dust and/or training to elven data processing efficiency. You have no choice but to conduct your own research on the one-hundred elves who work on company's analytics team, which means you will need to answer some important questions.
a. What sampling approach will you employ and how will you do it.
b. What type of dataset will host your data and what will it look like.
c. What type of analysis will you conduct and how will you present the results?
d. What do you need to learn from the research
In order to test the hypothesis regarding the impact of training on data processing capacity in elves, several steps need to be taken.
Firstly, a sampling approach needs to be determined to select a subset of elves from the analytics team. Secondly, a dataset will be created to store the relevant data, capturing information about each elf's training status and data processing capacity. Thirdly, an appropriate analysis method will be chosen, such as a comparative analysis or regression analysis, to examine the relationship between training and data processing capacity. Finally, the results will be presented using visualizations or statistical measures to demonstrate the findings and support or refute the hypothesis.a. Sampling approach: A random sampling approach can be employed to select a representative subset of elves from the analytics team. This ensures that the sample reflects the overall characteristics and diversity of the entire team.
b. Dataset:
The dataset will include information about each elf, including their training status (trained or not trained) and data processing capacity. Other relevant variables, such as experience, educational background, or work hours, may also be included to control for potential confounding factors.c. Analysis: Various analysis methods can be used to test the hypothesis.
One approach is to conduct a comparative analysis, comparing the data processing capacity of trained and untrained elves. Another option is to perform a regression analysis to examine the relationship between training and data processing capacity, considering other factors if included in the dataset. The analysis may involve statistical tests, such as t-tests or regression models, to assess the significance of the relationship.d. Research objectives:
The research aims to determine whether there is a statistically significant relationship between training and data processing capacity in elves. The findings will help establish whether training is beneficial for improving data processing efficiency and support or refute the initial hypothesis. The research also seeks to provide evidence-based insights to inform decision-making regarding the training of elves in the analytics team.Learn more about Dataset here:
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List and describe briefly three internal elements that are integral to strategic management within the organization.
Three integral internal elements in strategic management are:
1) Organizational Culture: The shared values, beliefs, and behaviors that shape the work environment and guide decision-making. It influences how strategies are implemented and foster innovation and collaboration.
2) Leadership: Effective leaders provide a clear vision, set strategic goals, and guide the organization toward achieving them. They align resources, motivate employees, and make critical decisions to ensure successful strategy execution.
3) Human Resources: Managing the workforce to ensure the right talent, skills, and capabilities are in place to support strategic objectives. This includes recruitment, training, performance management, and employee engagement to create a high-performance culture aligned with the strategy
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Assume Jimmy borrows $750,000 today for a house mortgage, and plans to pay back in full after paying for 26 years. If the interest rate is 10.6% and it will compound semiannually, how much should Jimmy pay each year? HINT: Remind yourselves of the fact that the value of "payment" you will obtain either by hand or a financial calculator reflects payment per one period, which may not necessarily reflect what you pay in a year.
To calculate the annual payment for Jimmy's mortgage, we can use the formula for the present value of an annuity:
Jimmy should pay approximately $67,362.92 per year towards his mortgage to fully repay the $750,000 loan over a period of 26 years, with a 10.6% interest rate compounded semiannually.
PV = PMT * [(1 - (1 + r)^(-n)) / r]
Where:
PV = Present value (loan amount)
PMT = Payment per period
r = Interest rate per period
n = Number of periods
In this case, Jimmy is making payments semiannually for 26 years, so the number of periods would be 26 * 2 = 52. The interest rate per period would be 10.6% / 2 = 5.3%.
Using these values, we can rearrange the formula to solve for PMT:
PMT = PV * (r / (1 - (1 + r)^(-n)))
PMT = $750,000 * (0.053 / (1 - (1 + 0.053)^(-52)))
Calculating the value:
PMT ≈ $750,000 * (0.053 / (1 - 0.408))
PMT ≈ $750,000 * (0.053 / 0.592)
PMT ≈ $67,362.92
Therefore, Jimmy should pay approximately $67,362.92 per year towards his mortgage to fully repay the $750,000 loan over a period of 26 years, with a 10.6% interest rate compounded semiannually.
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