The time it would take for the account to be paid off is 33.87 months.
We're given that the current balance is $14,760 and that we've agreed to a repayment schedule of $540 per month. We'll start by finding out how much interest will be charged per month by multiplying the overdue balance by the interest rate as follows:Interest charged per month = 0.94% * $14,760= (0.0094) * $14,760 = $138.86Now, we can calculate the total amount paid per month (repayment amount + interest charged amount):Total amount paid per month = Repayment amount + Interest charged amount= $540 + $138.86 = $678.86We can then use this total amount paid per month to determine how many months it would take to pay off the overdue balance. We can set up an equation to represent the total amount paid per month for each month (x) as follows:Total amount paid = Repayment amount + Interest charged amount$678.86 = $540 + (0.94% * overdue balance) + $540 + (0.94% * (overdue balance - $540)) + $540 + (0.94% * (overdue balance - $1,080)) + ... + $540 + (0.94% * (overdue balance - $x * $540))Since we're looking for how long it would take to pay off the balance, we want to know when the sum of the total amount paid equals the overdue balance, which is $14,760. Setting the equation equal to $14,760, we get:$678.86 + $678.86 + $678.86 + ... + $678.86 + (0.94% * (overdue balance - $x * $540)) = $14,760Simplifying, we get:(($678.86) * x) + (0.94% * (overdue balance - $x * $540)) = $14,760We can then solve for x using this equation. First, we'll distribute the 0.94% to get:(($678.86) * x) + ($138.86 * (12 - x)) = $14,760Then, we'll simplify further to get:($678.86) * x + $1666.32 - ($138.86) * x = $14,760Simplifying again, we get:(($678.86) - ($138.86)) * x = $14,760 - $1666.32Simplifying and solving for x, we get:x = 22.87We know that x represents the number of months it would take to pay off the balance, but since we've made an assumption of continuous payments, we need to round up to the nearest whole number of months. Therefore, it would take 33 months (rounded up from 22.87 months) to pay off the balance.
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HR professionals use metrics to demonstrate contributions to the organization. Which metric best reflects recruiting costs? Answers. a. Full-time equivalency. b. Days to fill. c. Cost of hire. d. Return on investment
The metric that best reflects recruiting costs is the Cost of hire. The cost of hire metric calculates the total expenses incurred in the process of recruiting and hiring a new employee. Option c is correct.
The cost of hire is a key metric that reflects the recruiting costs incurred by an organization. It provides valuable insights into the financial investment required to bring a new employee on board. This metric encompasses a wide range of expenses directly associated with the recruitment process.
The cost of hire includes various elements, such as advertising costs across different channels, fees paid to recruitment agencies or job boards, background check expenses, costs related to conducting interviews (e.g., travel, accommodation), relocation costs, and any other direct costs tied to the hiring process.
By tracking and analyzing the cost of hiring, HR professionals can evaluate the effectiveness and efficiency of their recruitment strategies. They can identify areas where costs can be optimized and determine the return on investment for their recruitment efforts. Comparing the cost of hiring across different positions or recruitment sources can help identify which methods yield the best results in terms of cost-effectiveness.
Furthermore, monitoring the cost of hire over time can provide insights into trends and patterns, enabling HR professionals to make informed decisions regarding budget allocation, resource planning, and process improvements.
Overall, the cost-of-hire metric is a valuable tool for HR professionals to assess and manage recruiting costs, contributing to effective talent acquisition strategies and demonstrating the financial impact of their recruitment efforts on the organization.
Option c is correct.
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QUESTION 1 [25 marks] With the aid of an example, discuss the
oligopolistic market structure. (25 marks)
The oligopolistic market structure is characterized by a few large firms dominating the market. In an oligopoly, these firms have significant market power and their actions can influence market conditions and prices.
Let's illustrate this with an example of the smartphone industry.
The smartphone industry is dominated by a few major players such as Apple, Samsung, and Huawei. These companies hold a substantial market share and have a strong influence on the pricing and competition within the industry. Key characteristics of an oligopoly can be observed in this market:
Dominance of a Few Firms: In the smartphone industry, Apple, Samsung, and Huawei are the major players that control a significant portion of the market. These firms have established brands, large production capacities, and extensive distribution networks, giving them a competitive edge over smaller players.
Interdependence: The actions of one major player in the smartphone industry can have a direct impact on the others. For example, if Apple launches a new iPhone model with advanced features and a higher price, Samsung and Huawei may adjust their strategies in response. This interdependence leads to a delicate balance between competition and cooperation among the firms.
Non-Price Competition: Oligopolistic firms often engage in non-price competition to differentiate their products and attract customers. In the smartphone industry, companies invest heavily in research and development to introduce innovative features, design aesthetics, and user experiences. Advertising and marketing campaigns also play a significant role in creating brand loyalty and attracting consumers.
Barriers to Entry: The smartphone industry has high barriers to entry due to factors such as economies of scale, strong brand presence, and extensive distribution networks. It is challenging for new entrants to compete effectively with established firms that have already captured a significant share of the market.
Pricing Power: Oligopolistic firms in the smartphone industry have the ability to influence prices. While there may be some price competition, especially in mid-range and budget segments, the major players often maintain higher prices for their flagship models, leveraging their brand reputation and customer loyalty.
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Poverty is considered one of the major hindrances to the economic development in the least developed countries. Both MNCs and the government are trying to mitigate/resolve the issues. Priority concerns include wealth disparity; climate change; the degradation of water, forests and arable land; the failure to adequately educate the world's children; healthcare; and human rights. Provide your justification to why developing countries still having the issue of poverty, which is the responsible institution(s) to assist in bringing them out of the poverty line, and what MNCs can do to help to reduce poverty.
The current trade war between the United States and China is giving considerable stress to businesses in the line of fire. As the world adjusts to shifting geopolitical weights, the greatest beneficiary is the
Association of South-East Asian Nations (ASEAN). Currently, some of the countries that are trying to cooperate with ASEAN are China, India and US. From your own reading and research,suggest which country
should ASEAN collaborate further in the next 5 years and why?
One of the main criticisms of globalization is that it has benefitted mostly the developed countries at the expense of the least developed countries. Do you agree with the statement? Provide proper justifications
to support your stance.
Expatriation is very common in many MNCs. One of the vital duties of foreign managers is to cope up with the foreign culture while having a culture-shock. Discuss the challenges faced by expatriates, including
foreign managers and how MNCs manage expats. Provide real examples to support your justifications. Deglobalization refers to the process of diminishing interdependence between countries. While it has been
widely acknowledged that globalization brings profound effects on economic outcomes, economists warn that we should not neglect that deglobalization is on the way. Critically discuss implications of
deglobalization to MNCs and what they should do to ensure their competitiveness in the state of deglobalization.
Industry 4.0 has already begun to influence business. Most of the large organizations are adopting hitechnological advancement. Critiques raised the issue that industry 4.0 will replace the need for unskilled
labour and firms will be more focused on the proximity to the customer. Evaluate and critically discuss how industry 4.0 will affect MNCs.
International labour standards are first and foremost about the development of people as human beings.
The ILO contributes to this legal framework by elaborating and promoting international labour standards aimed at making sure that economic growth and development go along with the creation of decent work.
Developing countries still face the issue of poverty due to various factors such as wealth disparity, climate change, lack of education, healthcare, and human rights. The responsible institutions to assist in bringing them out of poverty are both the government and MNCs. MNCs can contribute by implementing sustainable business practices, investing in local communities, and supporting economic development initiatives.
Developing countries continue to grapple with poverty due to a combination of factors. Wealth disparity is a significant challenge, as a small elite often controls a disproportionate amount of resources, leaving the majority of the population in poverty. Climate change exacerbates poverty by affecting agriculture, leading to reduced crop yields and food insecurity. Lack of access to quality education and healthcare further hinders socioeconomic progress. Additionally, human rights violations and social inequalities contribute to the persistence of poverty in these countries.
To address these issues, both the government and MNCs have a role to play. Governments are responsible for creating policies and implementing programs that focus on poverty alleviation, such as social welfare programs, infrastructure development, and education initiatives.
MNCs can contribute by adopting sustainable business practices that minimize negative environmental impacts and promote social responsibility. They can invest in local communities, provide job opportunities, transfer technology and skills, and support economic development projects. Collaborative efforts between governments and MNCs can lead to more effective poverty reduction strategies.
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Suppose that the equation for a particular short-run AS curve is P= 20 + 0.5Q, where P is the price level and Q is real output in dollar terms Instructions: Enter your answers as whole numbers. a. What is Q if the price level is 120? Suppose that the Q in your answer is the full-employment level of output. b. By how much will Q increase in the short run if the price level unexpectedly rises from 120 to 132? By how much will Q increase in the long run due to the price level increase?
a. Q is 200 when the price level is 120. b. Q increases by 24 in the short run due to a price level rise from 120 to 132. In the long run, Q remains unchanged at the full-employment level of 200.
a. To find Q when the price level is 120, we can substitute P = 120 into the equation P = 20 + 0.5Q and solve for Q.
120 = 20 + 0.5Q
Subtracting 20 from both sides:
100 = 0.5Q
To isolate Q, we divide both sides by 0.5:
Q = 100 / 0.5 = 200
Therefore, when the price level is 120, the real output (Q) is 200.
b. In the short run, if the price level unexpectedly rises from 120 to 132, we need to find the change in Q. We can calculate this by subtracting the initial Q (200) from the new Q after the price level increase.
Q increase in the short run = New Q - Initial Q
= Q after price level increase - Initial Q
To find Q after the price level increase, we substitute P = 132 into the equation P = 20 + 0.5Q and solve for Q:
132 = 20 + 0.5Q
Subtracting 20 from both sides:
112 = 0.5Q
Dividing both sides by 0.5:
Q = 112 / 0.5 = 224
Q increase in the short run = 224 - 200 = 24
Therefore, in the short run, Q will increase by 24 due to the unexpected price level rise from 120 to 132.
In the long run, the short-run AS curve is assumed to shift to the full-employment level of output. Since Q at full employment is given as 200 (from part a), the increase in Q in the long run due to the price level increase would be zero. In the long run, output returns to its full-employment level regardless of price level changes.
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Social CRM supports those customers who are likely to generate the most business.
- True
- False
False. Social CRM supports those customers who are likely to generate the most business.
Social CRM (Customer Relationship Management) is a business strategy for managing customer interactions with the goal of improving customer satisfaction, loyalty, and retention. It's a technology-enabled process for managing interactions with customers, prospects, and other stakeholders across multiple communication channels, including social media. While Social CRM is important for all customers, it doesn't support only the customers who are likely to generate the most business. Instead, it aims to enhance the relationship with every customer and provide them with an excellent customer experience that can lead to more business in the future. It's a customer-centric strategy that focuses on building long-term relationships with customers and increasing customer loyalty.
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(Q003) Can Canada be a world leader if it focuses only on human
rights and human security? What would a realist say?
While Canada's focus on human rights and human security can enhance its global standing, a realist perspective would argue that other factors, such as economic and military power, are crucial for attaining world leadership.
Canada's commitment to human rights and human security is commendable and can certainly contribute to its global influence. By prioritizing these issues, Canada can establish itself as a moral authority and gain respect from the international community. Its advocacy for human rights, refugee resettlement programs, and participation in peacekeeping missions have already earned it a positive reputation.
However, from a realist standpoint, achieving world leadership requires more than just a focus on human rights and security. Realism emphasizes the pursuit of national interests, which often includes considerations of economic and military power. Economic strength allows countries to exert influence through trade, investment, and aid, while military capabilities provide security and deterrence. Realists argue that these factors are crucial for establishing and maintaining a leadership position in global affairs.
Therefore, while Canada's commitment to human rights and human security can enhance its global standing and influence, it would likely fall short of being a world leader if it solely relies on these aspects. Realists would argue that Canada needs to balance its focus on human rights with strategic considerations of economic and military power to have a comprehensive approach to global leadership.
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Wheels, Inc. is a manufacturer of bicycles sold through retail bicycle shops in the southeastern United States. The company has two salespeople who do more than just sell the products-they manage relationships with the bicycle shops to enable them to better meet consumers' needs. The company's sales reps visit the shops several times per year, often for hours at a time. The owner of Wheels is considering expanding to the rest of the country and would like to have distribution through 1,000 bicycle shops. To do so, however, the company would have to hire more salespeople. Each salesperson earns $40,000 plus 2 percent commission on all sales. Another alternative is to use the services of sales agents instead of its own salesforce. Sales agents would be paid 5 percent of sales. 1. Determine the number of salespeople Wheels needs if it has 1,000 bicycle shop accounts that need to be called on four times per year. Each sales call lasts approximately 2.5 hours, and each sales rep has approximately 1,250 hours per year to devote to customers. 2. At what level of sales would it be more cost efficient for Wheels to use sales agents compared to its own sales force? To determine this, consider the fixed and variable costs for each alternative.
To determine the number of salespeople Wheels needs, we divide the total number of hours available per salesperson (1,250 hours) by the time required for each sales call (2.5 hours) and multiply it by the number of shop accounts (1,000):
The number of salespeople = (1,250 hours / 2.5 hours) × 1,000 shop accounts = 500 salespeople.
Therefore, Wheels would need 500 salespeople to cover the 1,000 bicycle shop accounts.
To compare the cost efficiency between using sales agents and its own sales force, we need to consider the fixed and variable costs for each alternative. The fixed costs for the sales force include the salaries ($40,000 per salesperson), while the variable costs are the commissions (2% of sales). For sales agents, the cost is a fixed percentage of sales (5% of sales).
The breakeven point occurs when the cost of using sales agents is equal to the cost of employing the sales force. We can calculate the breakeven sales level by equating the two cost equations:
40,000 + 0.02 × Sales = 0.05 × Sales
0.03 × Sales = 40,000
Sales = 40,000 / 0.03 = $1,333,333.33
Therefore, when sales reach approximately $1,333,333.33, it would be more cost-efficient for Wheels to use sales agents compared to its own sales force.
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Suppose you are interested in the effect of education on wages. You estimate the following model wage, Bo + B₁ Educ, + u = You are concerned that your model suffers from omitted variable bias. Particularly, you are worried about ability biasing your estimates. Does your estimated ₁ likely suffer from a positive or negative bias? A. Positive bias because ability is positively correlated with wage, and ability is positively correlated with education. B. Negative bias because ability is positively correlated with wage, and negatively correlated with education. Neither positive nor negative. There is no omitted variable bias due to ability because we cannot measure ability, therefore it cannot bias our estimates.
The estimated coefficient (B₁) is likely to suffer from positive bias due to ability bias in the model. The correct answer is A.
Positive bias because ability is positively correlated with wage, and ability is positively correlated with education. Omitted variable bias occurs when a relevant variable is left out of the model, leading to biased estimates. In this case, ability is an omitted variable that can bias the estimated coefficient of education (B₁). Ability refers to the innate skills, talents, or characteristics of individuals that can influence both their educational attainment and their wages.
Since ability is positively correlated with wage (more skilled individuals tend to earn higher wages) and positively correlated with education (more educated individuals tend to have higher abilities), omitting ability from the model can lead to an overestimation of the effect of education on wages. The positive relationship between education and ability will result in an upward bias in the estimated coefficient (B₁). In other words, the model may attribute part of the wage differences to education when, in fact, they are driven by differences in ability.
It is important to note that the inability to directly measure ability does not eliminate the potential for bias. Even though ability itself cannot be observed or measured, its influence on the relationship between education and wages should be acknowledged and accounted for in the analysis to obtain more accurate estimates.
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Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, 20Y1, Smiley issued $20,000,000 of five-year, 9% bonds at a market (effective) interest rate of 8%, receiving cash of $20,811,010. Interest is payable semiannually on April 1 and October 1. a. Journalize the entry to record the issuance of bonds on April 1, 20Y1.
The journal entry to record the issuance of bonds on April 1, 20Y1 would be as follows:
Date: April 1, 20Y1
Debit: Cash $20,811,010
Credit: Bonds Payable $20,000,000
Credit: Premium on Bonds Payable $811,010
Explanation:
The Cash account is debited for the amount received from the bond issuance, which is $20,811,010.
The Bonds Payable account is credited for the face value of the bonds issued, which is $20,000,000.
The Premium on Bonds Payable account is credited for the difference between the cash received and the face value of the bonds. In this case, it is $811,010, representing the premium received on the bonds.
Note: The premium on bonds payable is calculated as the difference between the cash received and the face value of the bonds, which is attributable to the bonds being issued at a market interest rate lower than the stated interest rate. The premium is amortized over the life of the bonds using the straight-line method.
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Building a Research Model.
What is a research question?
Give an example of a research question that you are testing this semester.
Define Hypothesis.
State two hypotheses that you will test because of your research question.
Define dependent variable.
What will be your dependent variable?
Define independent variable.
What will be your Independent variables?
Define constant.
Will you include a constant in your research? Please explain.
Name and define the different types of research Designs.
Which research design will be most applicable to your research project? Explain.
A research question is a clear, concise, and focused inquiry that identifies the specific information or knowledge that the researcher aims to discover or explore through the research study. It provides the direction and purpose for the research.
Example of a research question: "What are the factors influencing consumer buying behavior in the digital age?"
A hypothesis is a tentative statement or prediction about the expected relationship between variables in a research study. It is based on existing knowledge, theories, or observations and serves as a guide for testing in the research process.
Example hypotheses for the research question:
H1: The ease of online shopping platforms positively influences consumer buying behavior.
H2: Social media marketing has a significant impact on consumer buying decisions in the digital age.
The dependent variable is the variable that is being measured or observed in a study. It is the outcome or response that researchers are interested in understanding or explaining.
Dependent variable for the given research question: Consumer buying behavior.
The independent variable is the variable that is manipulated or controlled by the researcher. It is the variable expected to have an effect on the dependent variable.
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Do you see any parallels between what happened at Easter Island
and what's happening in the world today?
Yes, there are several parallels between what happened at Easter Island and what is happening in the world today.
Here are a few: Environmental destruction: The inhabitants of Easter Island were responsible for deforestation and environmental degradation that eventually led to the collapse of their civilization.
Today, we are facing similar environmental problems on a global scale, including climate change, pollution, and deforestation. This is one of the most significant parallels between Easter Island and the world today.
Resource depletion: The inhabitants of Easter Island overexploited the island's resources, including its trees, fish, and other wildlife. As a result, they eventually depleted these resources, making it impossible for them to sustain their civilization. Today, we are seeing similar resource depletion on a global scale, particularly with regard to nonrenewable resources like fossil fuels.
Social and political instability: The collapse of Easter Island's civilization was accompanied by social and political instability, including warfare, famine, and disease. Today, we are seeing similar social and political instability around the world, including conflicts over resources, political polarization, and economic inequality.
Overall, the story of Easter Island serves as a cautionary tale about the dangers of environmental destruction, resource depletion, and social and political instability. If we want to avoid a similar fate, we need to take action to address these issues on a global scale.
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Which personality traits are more closely related to ethical
and unethical behaviour?
Does sensitivity to others mean that the leader does what the
followers want?
When it comes to ethical and unethical behavior, personality traits play a significant role. Certain traits are often associated with a higher likelihood of engaging in ethical behavior, while others may be linked to unethical behavior.
However, it is important to note that personality traits alone do not determine a person's ethical behavior, as it is also influenced by various situational factors.
Some personality traits that are generally associated with ethical behavior include:
Conscientiousness: Individuals who score high in conscientiousness tend to be responsible, organized, and reliable. They are more likely to follow rules, fulfill their obligations, and act in an ethical manner.
Agreeableness: People high in agreeableness are empathetic, compassionate, and cooperative. They value harmonious relationships and are inclined to consider the needs and well-being of others, which can contribute to ethical behavior.
Integrity: Individuals with a strong sense of integrity exhibit honesty, trustworthiness, and a commitment to ethical principles. They prioritize doing what is morally right, even when faced with difficult choices.
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According to the Fisher Effect, if expected inflation increases, the ex-ante real interest rate will: a remain unchanged. b. increase. c. decrease.
According to the Fisher Effect, if expected inflation increases, the ex-ante real interest rate will decrease.
The Fisher Effect states that there is a direct relationship between nominal interest rates, expected inflation, and the real interest rate.
The real interest rate represents the return on an investment after adjusting for inflation.
It is calculated by subtracting the expected inflation rate from the nominal interest rate.
When expected inflation increases, it erodes the purchasing power of money. In order to maintain the same level of real return, investors would require a higher nominal interest rate to compensate for the expected inflation.
Therefore, if expected inflation increases, the nominal interest rate is expected to increase as well.
Since the real interest rate is calculated by subtracting the expected inflation rate from the nominal interest rate, an increase in the nominal interest rate and a higher expected inflation rate would result in a decrease in the ex-ante real interest rate.
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Any movement along the product possibilities frontier involves the production of:
a. more of both goods.
b. more of one good and less of the other.
c. less of both goods.
d. more resources.
e. better technology.
Any movement along the production possibilities frontier involves the production of (B) more of one good and less of the other.
The production possibilities frontier (PPF) represents the maximum output combinations of two goods that can be produced given the available resources and technology. Any movement along the PPF occurs when resources are reallocated from the production of one good to the production of another. When there is a movement along the PPF, it implies that the economy is shifting its production levels for the two goods. This shift involves producing more of one good and less of the other.
The trade-off between the two goods remains constant as the movement occurs, meaning that to produce more of one good, resources must be taken away from the production of the other good. Hence, any movement along the PPF involves producing more of one good and less of the other. It represents a reallocation of resources within the economy and reflects the trade-off between the production of different goods.
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You want to buy a new sports car from Muscle Motors for $43,800. The contract is in the form of a 60-month annuity due at an APR of 7.05 percent. What will your monthly payment be?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
Given data: Cost of sports car =[tex]$43,800[/tex], Annuity payment
= 60 months, APR
= 7.05%.To find: Monthly payment.
The formula to find the monthly payment for an annuity due is:PV
= PMT x [(1 - (1 / (1 + r)^n)) / r] x (1 + r)where,PV
= Present value of annuity due PMT
= Pay mentr = Rate of intere stn
= Number of payments Since, it is an annuity due, the first payment will be paid at the beginning of the first month.
So, the monthly payment can be calculated as follows:PV = [tex]$43,800[/tex]r
= 7.05% per annum, n
= 60 months So, rate of interest per month (r)
= 7.05% / 12 = 0.5875%Now, we have to convert the annual rate of interest into the monthly rate of interest and substitute the values in the formula.
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Which of the following statements regarding FIFO is incorrect?
A.The first units to come in are assumed to be the first units sold.
B.Ending inventory is based on the costs of the most recent purchases.
C.FIFO is consistent with the physical movement of inventory for most companies.
D.FIFO is a specific identification costing method because companies sell their oldest inventory first.
The incorrect statement regarding FIFO is D. FIFO is not a specific identification costing method where companies sell their oldest inventory first. Instead, it assumes that the first units to come in are the first units sold, regardless of the actual physical movement or identification of the inventory.
FIFO (First-In, First-Out) is an inventory valuation method where the assumption is that the first units to be purchased or produced are the first ones to be sold. This method is consistent with the physical movement of inventory for most companies (Statement C). Ending inventory is based on the costs of the most recent purchases (Statement B). However, FIFO does not require specific identification of the inventory and does not ensure that the oldest inventory is sold first (Statement D).
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When assessing the impact of their Employee Assistance Programme, would it be better for Afrika Chicken Grill to measure Return on Investment (ROI) or Value of Investment (VOI)?
For assessing the impact of their Employee Assistance Programmed, it would be better for Afrika Chicken Grill to measure Value of Investment (VOI).
While Return on Investment (ROI) is a commonly used metric to assess the financial return of an investment , it may not capture the full value and impact of an Employee Assistance Programme (EAP).
focuses primarily on the financial gains or losses generated by an investment relative to its cost.
On the other hand, Value of Investment (VOI) takes a broader perspective and considers both financial and non-financial aspects of the investment. When evaluating the impact of an EAP, factors such as improved employee well-being, increased productivity, reduced absenteeism, and enhanced employee engagement play a crucial role. These qualitative and quantitative factors contribute to the overall value derived from the EAP.
Measuring VOI allows Afrika Chicken Grill to assess the tangible and intangible benefits of their Employee Assistance Programme beyond financial returns alone. It provides a more comprehensive understanding of the program's effectiveness in supporting employee well-being, productivity, and overall organizational performance.
By capturing the holistic value of the investment, Afrika Chicken Grill can make informed decisions regarding the continued implementation and optimization of their Employee Assistance Programme.
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Determine the value of n corresponding to AIG = 11.6 and i = 7%, compounded annually, using the following known points (n,A/G) (all at i = 7%): (35, 10.6687), (40, 11.4234), (45,12.0360). 40 years 43 years O 41 years
The answer is n = 41 years, and that's the correct option for the arithmetic gradient.
The value of n corresponding to AIG = 11.6 and i = 7%, compounded annually is 41 years. AIG refers to the Arithmetic Gradient, which is an increasing sequence of numbers in which the difference between any two consecutive terms is the same as the preceding term.The formula used to find the Arithmetic Gradient is given as;[tex]A/G = A(1+i(n-1)/i(n))/((1+i)^n[/tex]- 1)Where;i = Interest raten = Total number of years AIG is to be paidA = Amount Paid YearlyG = Arithmetic Gradient
On substituting the known points, we get;When n = 35, A/G = 10.6687
When n = 40, A/G = 11.4234When n = 45, A/G = 12.0360To find n when A/G = 11.6, we use the formula: [tex]A/G = A(1+i(n-1)/i(n))/((1+i)^n - 1)11.6 = A(1+0.07( n-1))/0.07((1+0.07)^n - 1)11.6 * 0.07((1+0.07)^n - 1) = A(1+0.07( n-1))0.812((1.07)^n - 1)[/tex]= 0.07n + 0.812
We get the solution by either graphing the equation or by using algebraic methods to solve the equation. The answer is n = 41 years, and that's the correct option.
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At January 1,2020, the securities portfolio held by Kingbird Corporation consisted of the following investments: 1. 3,100(<1%) shares of Park common stock purchased for $42 per share. 2. 1,860(<1%) shares of Grace common stock purchased for $60 per share.
At December 31,2020 , the market values per share were Park $36 and Grace $68, (a) Prepare a schedule showing the cost and fair value of the portfolio at December 31,2020 . (b) Prepare the adjusting entry to report the portfolio at fair value at December 31,2020 .
(a) Schedule of Cost and Fair Value of the Portfolio at December 31, 2020 Particulars Park Common Stock Grace Common Stock Total Investment Costs ($42 x 3,100) $130,200($60 x 1,860) $111,600$241,800 Fair Value ($36 x 3,100) $111,600($68 x 1,860) $126,480$238,080 Unrealized Loss on Investment $18,600$14,880$33,480
(b) Adjusting Entry to Report the Portfolio at Fair Value at December 31, 2020 Date Particulars Debit Credit Dec. 31 Investment in Park Common Stock ($130,200 - $111,600) $18,600 Unrealized Loss on Investment in Park Common Stock $18,600 Investment in Grace Common Stock ($111,600 - $126,480) $14,880 Unrealized Loss on Investment in Grace Common Stock $14,880 Total$33,480
At December 31, 2020, the securities portfolio held by Kingbird Corporation consisted of 3,100 shares of Park common stock purchased for $42 per share and 1,860 shares of Grace common stock purchased for $60 per share. The market values of Park common stock and Grace common stock at December 31, 2020 were $36 and $68, respectively.
Since the market value of both common stock investments has declined, it is necessary to prepare a schedule showing the cost and fair value of the portfolio as of December 31, 2020.
(a) Schedule of Cost and Fair Value of the Portfolio at December 31, 2020 As shown above, the total investment costs of Park and Grace common stock were $130,200 and $111,600, respectively.
The fair value of the securities portfolio was $238,080. There is an unrealized loss on investment of $33,480 ($18,600 for Park common stock and $14,880 for Grace common stock).
(b) Adjusting Entry to Report the Portfolio at Fair Value at December 31, 2020 The adjusting entry to report the portfolio at fair value at December 31, 2020 is as follows: Investment in Park Common Stock ($130,200 - $111,600) $18,600; Unrealized Loss on Investment in Park Common Stock $18,600; Investment in Grace Common Stock ($111,600 - $126,480) $14,880; and Unrealized Loss on Investment in Grace Common Stock $14,880.
The adjusting entry has a total debit amount and credit amount of $33,480.
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Ahmad deposits $1,200 in her bank today. If the bank pays 4 percent simple interest, how much money will she have at the end of five years? What if the bank pays compound interest? How much of the earnings will be interest on interest
The principle amount is [tex]$1[/tex],200. The bank pays simple interest of 4% per annum; and, the term period is 5 years.
The formula for simple interest is given as follows I = PRT where,
I = Simple Interest
P = Principle amount
R = Rate of interest per annum
T = Time period Let's substitute the given values to find the simple interest.
I = PRT
= [tex]$1,200 × 4% × 5[/tex]
=[tex]$240.[/tex]
The total amount that Ahmad will have at the end of 5 years is given as follows.
Total amount = P + I
= [tex]$1,200 + $240[/tex]
= [tex]$1,[/tex]440
Now let's determine the total amount if the bank pays compound interest. The formula for compound interest is given as follows.
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Derek can deposit $18,508.00 on each birthday beginning with his 30.00th and ending with his 68.00th. What will the rate on the retirement account need to be for him to have $3,642,917.00 in it when he retires?
The specific interest rate needed for Derek to accumulate $3,642,917.00 in his retirement account cannot be determined without using numerical calculations or financial tools.
We can solve this equation using trial and error or by using numerical methods such as Newton's method. However, as an AI text-based model, I am unable to perform numerical computations. Therefore, I recommend using a financial calculator or software that allows you to solve for the interest rate in annuity calculations.
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Conduct a five-forces analysis for the beverage
industry and vitasoy in Hong Kong
The five-forces analysis is a tool used to understand the competitive environment of an industry. Here is a brief overview of the five forces and how they apply to the beverage industry and Vitasoy in Hong Kong:
Threat of new entrants: The beverage industry has a relatively low barrier to entry, as it is not highly regulated and does not require significant capital investment. However, established brands such as Coca-Cola and Pepsi have strong brand recognition and distribution networks that make it difficult for new entrants to compete. Vitasoy, as an established brand in Hong Kong, benefits from this barrier to entry.
Bargaining power of suppliers: The bargaining power of suppliers in the beverage industry is typically low, as there are many suppliers of raw materials such as sugar and flavorings. However, the suppliers of specialized ingredients may have more bargaining power. In the case of Vitasoy, soybeans may be a key ingredient, and there may be a limited number of suppliers, giving them some degree of bargaining power.
Bargaining power of buyers: The bargaining power of buyers in the beverage industry is high, as consumers have many choices with low switching costs. Buyers can easily switch to other brands or substitutes, which puts pressure on companies to keep prices low and maintain product quality. This applies to Vitasoy as well, as consumers have a wide range of beverage options available to them.
Threat of substitutes: The threat of substitutes in the beverage industry is high, as consumers can easily switch to other types of beverages or even water. However, some products such as energy drinks or sports drinks may have fewer substitutes. Vitasoy's soy milk products may face competition from other non-dairy milk substitutes like almond milk or oat milk.
Competitive rivalry: The competitive rivalry within the beverage industry is high, as there are many established players competing for market share. Vitasoy faces competition from both local and international brands, making it important for them to differentiate themselves through factors such as taste or marketing.
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Al-Wahid Industries Ltd desired to acquire 100% shares in AL-Maalik ltd. Both companies operate in the same industry and have similar gearing levels of 17%. Cost of equity of Al-Wahid industries Ltd is 21%. Al-Wahid Industries Ltd has estimated that the takeover will increase its annual cashflows over the next few years by the following amounts: itivity: Internal Rs in Million After tax (But before interest Year cashflows) 2021 29.4 2022 37.2 2023 40.8 2024 60.7 Al Maalik has 8% irredeemable debentures of Rs. 77 million trading at par. Tax rate is 29%. If Al-Wahid Itd makes a bid of Rs 195 million for the entire share capital of Al Maalik Ltd, it would increase the shareholder's wealth by (Hint: Use free cash flow to equity (FCFE) of the target company (i-e cashflows after interest)] Year 0 1 2 3 4 1 0.826 0.683 0.564 0.467 PV factor at 21% A Rs. 21.81 million BRs. 19.61 millio
The bid of Rs 195 million for the entire share capital of Al Maalik Ltd would increase the shareholder's wealth by approximately Rs 19.61 million.
To calculate the increase in shareholder's wealth, we need to determine the present value of the incremental cash flows that Al-Wahid Industries Ltd expects to receive from acquiring Al Maalik Ltd. The cash flows are given as follows (in Rs million):
Year 1: 29.4
Year 2: 37.2
Year 3: 40.8
Year 4: 60.7
To calculate the present value of these cash flows, we multiply each cash flow by the corresponding PV factor at a 21% cost of equity rate. The PV factors are given as follows:
Year 0: 1
Year 1: 0.826
Year 2: 0.683
Year 3: 0.564
Year 4: 0.467
Calculating the present value of the cash flows:
PV of Year 1 cash flow = 29.4 * 0.826 = 24.26
PV of Year 2 cash flow = 37.2 * 0.683 = 25.41
PV of Year 3 cash flow = 40.8 * 0.564 = 23.03
PV of Year 4 cash flow = 60.7 * 0.467 = 28.33
Total present value of the incremental cash flows = 24.26 + 25.41 + 23.03 + 28.33 = 101.03 million
Therefore, the bid of Rs 195 million for the entire share capital of Al Maalik Ltd would increase the shareholder's wealth by approximately Rs 101.03 million.
Considering the cost of equity of Al-Wahid Industries Ltd is 21%, the increase in shareholder's wealth after deducting the bid amount would be:
Increase in shareholder's wealth = Total present value of incremental cash flows - Bid amount
= 101.03 - 195
= -93.97 million
However, since the negative value suggests a decrease in shareholder's wealth, it indicates that the bid of Rs 195 million would not be beneficial for Al-Wahid Industries Ltd's shareholders.
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When your company was in its early stages, members of your sales team were also handling any customer issues that came in. As your company has started to grow, you decided to assign a designated customer service team to handle all customer issues. This has allowed your sales team to focus specifically on sales. This type of activity best reflects which of the following managerial functions: Organizing ◯ Controlling Leading Planning
This type of activity best reflects the managerial function of **organizing**. Organizing involves arranging and structuring the resources, tasks, and activities within an organization to achieve its goals effectively and efficiently.
By assigning a designated customer service team to handle customer issues and allowing the sales team to focus solely on sales, you are organizing the work and responsibilities within your company.
Organizing includes designing the organizational structure, establishing reporting relationships, allocating resources, and coordinating different functions and departments. In this case, you have made a decision to create a dedicated customer service team, which establishes a clear division of labor and separates customer service tasks from sales activities. This division allows each team to focus on their respective functions and enhances efficiency and effectiveness in both areas.
By organizing the roles and responsibilities in this way, you are streamlining the workflow, reducing duplication of efforts, and improving the overall performance of your company. This enables the sales team to concentrate on their core function of generating sales, while the customer service team can handle customer inquiries and issues more effectively.
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1.
a. Suppose you own 100 shares of a regular corporation. The
corporation earns USD 5.00 per share before taxes. Once the
corporation has paid any corporate taxes that are due, it will
distribute the
After all, taxes have been paid, you will have $2.765 per share. Since you own 100 shares, the total amount left for you will be $2.765 * 100 = $276.50.
To calculate the amount of money left for you after all taxes have been paid, we need to consider both the corporate tax and the personal tax.
1) Corporate tax: The corporation earns $5.00 per share before taxes, and the corporate tax rate is 21 percent. Thus, the corporation will pay a tax of $5.00 * 0.21 = $1.05 per share.
2) After corporate taxes: After paying the corporate tax, the corporation will distribute the rest of its earnings to its stockholders. So, the amount per share that will be distributed to you is $5.00 - $1.05 = $3.95.
3) Personal tax on dividends: Your tax rate on dividend income is 30 percent. Therefore, you will pay a tax of $3.95 * 0.30 = $1.185 per share.
4) Amount left for you: Finally, to calculate the amount left for you after all taxes have been paid, we subtract the personal tax from the distribution per share: $3.95 - $1.185 = $2.765.
Therefore, after all, taxes have been paid, you will have $2.765 per share. Since you own 100 shares, the total amount left for you will be $2.765 * 100 = $276.50.
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Question:-
Suppose you own 100 shares of a regular corporation. The corporation earns USD 5.00 per share before taxes. Once the corporation has paid any corporate taxes that are due, it will distribute the rest of its earnings to its stockholders in the form of a dividend. If the corporate tax rate is 21 percent and your tax rate on (both dividend and non-dividend) income is 30 percent, then how much money is left for you after all taxes have been paid?
What happens to the price of a three-year annual coupon paying bond with an 8% coupon when interest rates change from 8% to 8.57% ? Answer in dollar terms to the nearest decimals without the $ sign. Use a "-" sign to denote a price decrease. Do not use a "+" sign.
The price of a three-year annual coupon paying bond with an 8% coupon will decrease when interest rates change from 8% to 8.57%. The exact amount of the price decrease can be calculated using the bond pricing formula.
The price of a bond is inversely related to interest rates. When interest rates increase, the present value of future cash flows decreases, resulting in a lower bond price. Conversely, when interest rates decrease, the present value of future cash flows increases, leading to a higher bond price.
To calculate the price change, we need to find the difference between the initial price at 8% interest rate and the new price at 8.57% interest rate.
Using the bond pricing formula, we can calculate the initial price:
Initial Price = (Coupon Payment / Interest Rate) * (1 - (1 / (1 + Interest Rate)^n)) + (Face Value / (1 + Interest Rate)^n),
where Coupon Payment is the annual coupon payment, Interest Rate is the yield to maturity, n is the number of periods, and Face Value is the face value of the bond.
Let's assume the face value is $1,000 and the annual coupon payment is $80 (8% of $1,000). The number of periods is 3 (three-year bond).
Initial Price = ($80 / 0.08) * (1 - (1 / (1 + 0.08)^3)) + ($1,000 / (1 + 0.08)^3) ≈ $927.74.
Next, we calculate the new price using the same formula but with the new interest rate of 8.57%:
New Price = ($80 / 0.0857) * (1 - (1 / (1 + 0.0857)^3)) + ($1,000 / (1 + 0.0857)^3) ≈ $913.71.
Finally, we calculate the price change:
Price Change = New Price - Initial Price ≈ $913.71 - $927.74 ≈ -$14.03.
Therefore, the price of the bond decreases by approximately $14.03 when interest rates change from 8% to 8.57%.
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Next, suppose that HH j deposits the entire 400,000 ₺ in cash into a demand deposit
account at Bank A. Thus Bank A has an increase in Total Reserves of 400,000 ₺ in cash.
Suppose that the CB has set the reserve requirement ratio (rd) at 5 % (= 0.05).
a) Show the net changes to the balance sheet of Bank A.
b) Concisely explain the concept of bank reserves.
When HHj deposits 400,000 ₺ in cash into a demand deposit account at Bank A, Bank A's Total Reserves increase by the same amount. This change affects the balance sheet of Bank A, as explained below.
a) The net changes to the balance sheet of Bank A can be summarized as follows:
Assets:
- Total Reserves increase by 400,000 ₺ (due to the cash deposit).
Liabilities:
- Demand Deposits increase by 400,000 ₺ (HHj's deposit).
b) Bank reserves refer to the portion of a bank's deposits that are held in the form of cash or deposits with the central bank. These reserves serve as a cushion to meet withdrawal demands and ensure the stability of the banking system. They play a crucial role in the fractional reserve banking system. Central banks establish reserve requirements, such as the reserve requirement ratio (rd) mentioned here (5% or 0.05), which determines the minimum amount of reserves banks must hold relative to their deposits. By adjusting reserve requirements, central banks can influence the availability of credit in the economy and manage the money supply. Reserves act as a safeguard against potential liquidity risks and provide a means for banks to meet their obligations to depositors. Bank A's increase in Total Reserves of 400,000 ₺ represents the additional funds available to the bank to fulfill its reserve requirements and support its lending activities.
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When a warehouse takes in a shipment from one manufacturer and sends it immediately to a number of consignees, the operation is called which of the following?
A. Consolidation
B. Spot stocking
C. Break-bulk
D. Cross-docking
EXPLAIN
The operation described, where a warehouse receives a shipment from one manufacturer and immediately sends it to multiple consignees, is known as cross-docking. . Cross-docking facilitates a more efficient and streamlined supply chain by reducing handling and storage costs.
Cross-docking is a logistics strategy where incoming shipments from suppliers or manufacturers are unloaded from inbound transportation vehicles and then directly loaded onto outbound vehicles for distribution to their respective destinations, such as retail stores or customers. The goal is to minimize or eliminate the need for storage in the warehouse. In this case, the warehouse serves as a transfer point where the goods are sorted and quickly dispatched to the consignees.
Cross-docking offers several benefits. Firstly, it reduces handling and storage costs since there is no need to store the goods in the warehouse. This saves time and eliminates the expenses associated with inventory holding, such as warehousing space, labor, and inventory management. Secondly, cross-docking improves order fulfillment speed as the goods can be quickly transferred and delivered to their final destinations. This allows for faster turnaround times and improves overall customer satisfaction.
On the other hand, cross-docking requires efficient coordination and synchronization between suppliers, the warehouse, and consignees to ensure smooth and timely operations. It relies heavily on accurate planning, real-time visibility of inventory, and effective communication to avoid delays or disruptions in the supply chain. However, when implemented effectively, cross-docking can significantly enhance supply chain efficiency and reduce costs.
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Prepare a schedule for IT project (E-commerce).
The schedule for an IT project (E-commerce) includes phases such as initiation, planning, design, development, testing, deployment, and post-deployment activities.
The schedule for an IT project, specifically an e-commerce project, involves several key phases. The project initiation phase sets the foundation by defining objectives, gathering requirements, and conducting feasibility analysis. The planning phase follows, where a detailed project plan is created, including tasks, timeline, and resource allocation. Risk management and quality assurance plans are developed during this phase.
The design and development phase is a significant part of the project, where the user interface, website architecture, and e-commerce functionalities are designed and developed. Integration with backend systems is also carried out during this phase.
Testing and quality assurance phase ensures that the system is thoroughly tested, including unit testing, integration testing, and security/performance testing. Bugs and issues are identified and resolved.
The deployment phase involves preparing for production release, migrating the system to the live environment, and conducting user acceptance testing.
Post-deployment activities include user training, monitoring system performance, addressing any post-deployment issues, and collecting user feedback.
Overall, this schedule provides a structured timeline for executing an IT project, ensuring the successful delivery of an e-commerce solution. The duration of each phase can vary based on project complexity and resource availability.
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AP 11-2 Allowable Business Investment Losses (ABIL) In 2018, after several years of working part time, Lucinda Mclvor won a lottery prize of more than $1,000,000. She embarked on a program of actively investing in rental properties and in the shares and debt of small private companies. Her investment income during the three years 2019 through 2021 were as follows: 2019 During this year she realized a large capital gain on the sale of shares in a successful small business corporation. The shares were eligible for the capital gains deduction as QSBC shares. She used $156,000 of her capital gains deduction (actual capital gains deduction was $78,000 [(50 %) ($156,000)]) to reduce her 2019 taxable income to an amount that allowed her to claim all of her available tax credits and reduce her federal tax payable to nil. 2020 During this year she had the following amounts of income: Taxable capital gains Rental income Interest income Total 2021 Income amounts during this year were as follows: Taxable capital gains Rental income Interest income Total $ 17,300 91,450 38,275 $147,025 $ 18,620 86,300 27,438 $132,358 During 2021, Recovery Inc., a small business corporation to which she had extended a loan of $675,000, began bankruptcy proceedings. Lucinda has been advised that it is extremely unlikely that she will recover any of this amount. Given this, Lucinda will file an election under ITA 50(1) to deem the debt to have been disposed of for nil proceeds. The only tax credit available to Lucinda in 2020 or 2021 is the basic personal credit (basic personal amount of $13,229 in 2020 and $13,808 in 2021). For several years prior to 2019, Lucinda's tax pay- able was eliminated by various credits. She did not have any loss carry overs from years prior to 2021. Required: Determine Lucinda's optimum taxable income for the years ending December 31, 2020, and December 31, 2021. In your solution, consider the effect of the basic personal credit. Indicate any loss carry over balance that is available at the end of either year, and the rules appli- cable to claiming the loss carry over.
Lucinda's optimum taxable income for the year ending December 31, 2020, is $133,796, and for the year ending December 31, 2021, it is $118,550. There are no loss carryovers available in either year.
To determine Lucinda's optimum taxable income for the years ending December 31, 2020, and December 31, 2021, we need to consider the available tax credits and the effect of the basic personal credit. In 2020, Lucinda had taxable capital gains of $17,300, rental income of $91,450, and interest income of $38,275, resulting in a total income of $147,025. Since the only tax credit available is the basic personal credit, Lucinda's optimum taxable income would be $147,025 minus the basic personal credit of $13,229, which equals $133,796.
In 2021, Lucinda had taxable capital gains of $18,620, rental income of $86,300, and interest income of $27,438, resulting in a total income of $132,358. Again, considering the basic personal credit, her optimum taxable income would be $132,358 minus the basic personal credit of $13,808, which equals $118,550. Regarding loss carryovers, the problem states that Lucinda did not have any loss carryovers from years prior to 2021. Therefore, there is no loss carryover balance available at the end of either year. By optimizing her taxable income based on the available tax credits and the basic personal credit, Lucinda can minimize her tax liability for the years ending December 31, 2020, and December 31, 2021.
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