The shortage will be 10. Total surplus at the price of $35 is the sum of the consumer surplus and producer surplus $262.5. The loss of mutual gains is known as the deadweight loss. There will be no change in the quantity demanded, quantity supplied, consumer surplus, producer surplus, or total surplus when the price ceiling is set at $60.
Demand function is P=100-5Q and Supply function is P=20+3Q. A price ceiling is placed at P=35. The loss of mutual gains is known as the deadweight loss.
(A) Calculation of shortage that will result at this price is as follows:Since price ceiling is below the market equilibrium price, it will create a shortage. We find the quantity demanded and quantity supplied at this price by plugging P = 35 into both equations; thus:100 - 5Q = 20 + 3Q80 = 8Q10 = QD20 + 3Q = 35 = QSSubtracting QS from QD, we get the shortage at P = 35:10 - 20 = -10Therefore, the shortage will be 10.
(B) The new consumer surplus, producer surplus, and total surplus are calculated as follows:We can see in the graph that the consumer surplus will decrease, and producer surplus will increase at the same time when price is reduced. The new consumer surplus and producer surplus will be as follows:Consumer surplus at the price of $35 is the area of the triangle above P = 35, below the demand curve and to the left of the quantity demanded at this price:$1/2(10)($65 - $35) = $150Producer surplus at the price of $35 is the area of the triangle below P = 35, above the supply curve and to the right of the quantity supplied at this price:$1/2(15)($35 - $20) = $112.5. Total surplus at the price of $35 is the sum of the consumer surplus and producer surplus:$150 + $112.5 = $262.5.
(C) Total surplus is now less because some of the mutual gains from trade, which was given by the market equilibrium price, have been lost due to the price ceiling. This loss of mutual gains is known as the deadweight loss.
(D) If the price ceiling is set at $60, it will not have any effect on the market, since the equilibrium price is below the price ceiling. So, the price ceiling will be binding only when it is below the market equilibrium price; otherwise, it has no effect on the market. Therefore, there will be no change in the quantity demanded, quantity supplied, consumer surplus, producer surplus, or total surplus when the price ceiling is set at $60.
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How to calculate growth and differences, as well as how to criticize this statement? (#32) Thank you!
Fred Shearer, an avid investor states, "I bought this stock for $50 several years ago, and it
now sells for $100. It paid $5 per share in dividends last year, so I am earning 10 percent on
my investment." Criticize this statement.
This means that Fred earned a 110% return on his investment over the course of one year.
To calculate the growth of an investment, you can use the following formula: ((Ending Value - Beginning Value) / Beginning Value) x 100.
Using this formula and the information provided by Fred Shearer, we can see that the growth rate of his stock investment is:
((100 - 50) / 50) x 100 = 100%
This means that Fred's investment has grown by 100% over the several years that he has held the stock.
To calculate the annualized return on his investment, we can use the following formula:
(Ending Value + Dividends Received - Beginning Value) / Beginning Value
Using this formula and the information provided by Fred Shearer, we can see that the annualized return on his investment is:
(100 + 5 - 50) / 50 = 1.1 or 110%
This means that Fred earned a 110% return on his investment over the course of one year.
However, it's important to note that while Fred's investment did indeed grow in value and generate income through dividends, his statement that he is earning a "10 percent return on his investment" is not entirely accurate. The 10% figure he cites only accounts for the dividends earned in a single year, and does not take into account the substantial increase in the stock's value over the several years that he has held it.
Furthermore, past performance does not guarantee future results, and it's important to consider the risks and potential downsides of any investment before making a decision. Therefore, it's always a good idea to conduct thorough research and seek out expert advice before investing your money.
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A daily recurring housekeeping task is to breakdown the varying workload among the available attendants; what are these individual work assignments called. Housekeeping Board Task Sheets Attendant Console Room Conditions
housekeeping board task sheets are individual work assignments used in housekeeping to breakdown the varying workload among the available attendants.
In housekeeping, the daily recurring housekeeping task is to break down the varying workload among the available attendants. These individual work assignments are called housekeeping board task sheets.
A housekeeping board is a chart or bulletin board where the housekeeping manager assigns daily cleaning tasks to housekeeping staff. The board is usually color-coded, with each color representing a specific task or area that requires cleaning. Housekeeping board task sheets are individual assignments for each housekeeping staff to ensure that they know exactly what they need to do and how much time they have to complete their tasks.
A housekeeping board task sheet typically includes the name of the housekeeping staff, the room or area to be cleaned, the cleaning supplies needed, and the time frame for completing the task. The housekeeping staff is responsible for checking off the task once it is complete. This allows the housekeeping manager to monitor the progress of the cleaning and ensure that everything is being done efficiently.
The use of housekeeping board task sheets is an effective way to manage the workload of housekeeping staff. It ensures that everyone knows what they are responsible for and that tasks are completed in a timely manner. By breaking down the workload into individual assignments, the housekeeping staff can work more efficiently, and the cleaning process can be completed faster.
In conclusion, housekeeping board task sheets are individual work assignments used in housekeeping to breakdown the varying workload among the available attendants.
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How would you suggest a leader overcome resistance to a change
that is going to cause some people to lose their jobs?
250/300 words.
To overcome resistance to a change that may result in job losses, a leader should adopt a thoughtful and empathetic approach. Here are some strategies that can be employed:
1. Effective Communication: Communicate the reasons behind the change clearly and transparently to the employees. Explain the business rationale, market conditions, and the need to adapt in order to remain competitive or sustainable. Emphasize the long-term benefits and how the change aligns with the organization's goals. Openly address concerns and questions, and provide opportunities for employees to share their perspectives.
2. Support and Assistance: Offer support mechanisms to ease the transition for those who may lose their jobs. This could include outplacement services, career counseling, retraining programs, or assistance in finding alternative employment opportunities. Demonstrating genuine care for the affected employees and providing resources to help them navigate the change can alleviate some of their concerns and foster a sense of trust.
3. Involvement and Participation: Involve employees in the decision-making process whenever possible. Seek their input and feedback, and consider their ideas and suggestions. By involving employees, they will feel valued and more likely to support the change, even if it may result in job losses. Additionally, engaging employees in finding creative solutions or alternative roles within the organization can help mitigate the impact of job losses.
4. Honesty and Empathy: Be honest about the realities of the situation, including the potential job losses. Acknowledge the emotional impact and demonstrate empathy towards those affected. Express appreciation for their contributions and recognize their skills and capabilities, even if their roles are changing or being eliminated.
5. Focus on Growth Opportunities: Highlight the potential growth and new opportunities that may arise from the change. Communicate how the organization plans to invest in new initiatives, technologies, or markets, which could lead to future job creation or career advancement. Encourage employees to develop new skills and stay relevant in the changing job market.
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Seles Corporation's charter authorized issuance of 100,000 shares of $10 par value common stock and 50,000 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others.
1. Issued a $10,000, 9% bond payable at par and gave as a bonus one share of preferred stock, which at that time was selling for $106 a share.
2. Issued 500 shares of common stock for equipment. The equipment had been appraised at $7,100; the seller's book value was $6,200. The most recent market price of the common stock is $16 a share.
3. Issued 375 shares of common and 100 shares of preferred for a lump sum amounting to $10,800. The common had been selling at $14 and the preferred at $65.
4. Issued 200 shares of common and 50 shares of preferred for equipment. The common had a fair value of $16 per share; the equipment has a fair value of $6,500.
Instructions
Record the transactions listed above in journal entry form.
1. Date: [Date]
Debit: Bond Payable - $10,000
Credit: Preferred Stock - $10,600
Cash - $10,000
2. Date: [Date]
Debit: Equipment - $7,100
Credit: Common Stock - $8,000
Paid-in Capital in Excess of Par - Common Stock - $1,100
3. Date: [Date]
Debit: Cash - $10,800
Credit: Common Stock - $5,250
Preferred Stock - $4,750
Paid-in Capital in Excess of Par - Common Stock - $2,250
Paid-in Capital in Excess of Par - Preferred Stock - $2,500
4. Date: [Date]
Debit: Equipment - $6,500
Credit: Common Stock - $3,200
Preferred Stock - $3,000
Paid-in Capital in Excess of Par - Common Stock - $3,300
Paid-in Capital in Excess of Par - Preferred Stock - $500
1. On [Date], the company issued a $10,000, 9% bond payable at par. To incentivize the bond purchase, one share of preferred stock was given as a bonus. The market value of the preferred stock at that time was $106 per share. The journal entry for this transaction is as follows:
Debit: Bond Payable - $10,000
Credit: Preferred Stock - $10,600 (1 share × $106)
Cash - $10,000
2. On [Date], the company issued 500 shares of common stock in exchange for equipment. The appraised value of the equipment was $7,100, while the seller's book value was $6,200. The most recent market price of the common stock was $16 per share. The journal entry for this transaction is as follows:
Debit: Equipment - $7,100
Credit: Common Stock - $8,000 (500 shares × $16)
Paid-in Capital in Excess of Par - Common Stock - $1,100 ($8,000 - $6,200)
3. On [Date], the company issued 375 shares of common stock and 100 shares of preferred stock for a lump sum payment of $10,800. The market price of the common stock was $14 per share, and the preferred stock was selling at $65 per share. The journal entry for this transaction is as follows:
Debit: Cash - $10,800
Credit: Common Stock - $5,250 (375 shares × $14)
Preferred Stock - $4,750 (100 shares × $65)
Paid-in Capital in Excess of Par - Common Stock - $2,250 ($5,250 - $3,000)
Paid-in Capital in Excess of Par - Preferred Stock - $2,500 ($4,750 - $2,250)
4. On [Date], the company issued 200 shares of common stock and 50 shares of preferred stock in exchange for equipment. The fair value of the common stock was $16 per share, and the equipment had a fair value of $6,500. The journal entry for this transaction is as follows:
Debit: Equipment - $6,500
Credit: Common Stock - $3,200 (200 shares × $16)
Preferred Stock - $3,000 (50 shares × $60)
Paid-in Capital in Excess of Par - Common Stock - $3,300 ($3,200 - $500)
Paid-in Capital in Excess of Par - Preferred Stock - $500 ($3,000 - $2,500)
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Consider a company with revenues of $35 million, operating margin of 31.3%, and depreciation and amortization expense of $14 million. The company currently has $298 million of debt and $98 million cash. The company's shares are trading for $30.9 per share and there are 9 million shares outstanding. What is this company's EV/EBITDA ratio?
The company's EV/EBITDA ratio is 42.87, indicating its value relative to its earnings before interest, taxes, depreciation, and amortization.
The EV/EBITDA ratio can be defined as the enterprise value to earnings before interest, taxes, depreciation, and amortization ratio. It is a financial metric used to measure the value of a company relative to its ability to generate cash flow, where EV stands for enterprise value.
Enterprise value can be calculated as follows:
Enterprise Value (EV) = Market Capitalization + Debt + Preferred Stock + Minority Interest - Cash and Cash Equivalents
Given that the company's shares are trading for $30.9 per share and there are 9 million shares outstanding, the market capitalization can be calculated as follows:
Market Capitalization = Share Price × Number of Shares
Market Capitalization = $30.9 × 9 million
Market Capitalization = $278.1 million
Depreciation and amortization expense = $14 million.
Revenues = $35 million.
Operating margin = 31.3%.
Debt = $298 million.
Cash = $98 million.
Enterprise Value (EV) can be calculated as follows:
Enterprise Value (EV) = Market Capitalization + Debt - Cash
Enterprise Value (EV) = $278.1 million + $298 million - $98 million
Enterprise Value (EV) = $478.1 million.
EBITDA can be calculated as follows:
EBITDA = Operating Margin × Revenues + Depreciation and Amortization Expense
EBITDA = 31.3% × $35 million + $14 million
EBITDA = $11.155 million.
Now we can calculate the EV/EBITDA ratio by dividing the Enterprise Value by the EBITDA.
Enterprise Value = $478.1 million
EBITDA = $11.155 million
EV/EBITDA = Enterprise Value / EBITDA
EV/EBITDA = $478.1 million / $11.155 million
EV/EBITDA = 42.87
Therefore, this company's EV/EBITDA ratio is 42.87.
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Which of the following statements describes the balance sheet?
A.) Assets are generally reported on the balance sheet at the cost incurred to acquire them.
B.) It reports a company's revenues and expenses.
C.) Stockholders' equity includes only retained earnings.
D.) It reports a company's cash flow from operations.
The statement that describes the balance sheet is assets are generally reported on the balance sheet at the cost incurred to acquire them. Option A.
The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It consists of three main sections: assets, liabilities, and stockholders' equity. The balance sheet follows the fundamental accounting equation, which states that assets must equal liabilities plus stockholders' equity.
Statement A is accurate because assets are typically recorded on the balance sheet at their historical cost. Historical cost represents the original cost incurred to acquire the assets, including any additional costs necessary to bring the assets to their present condition and location.
This cost basis is important for providing relevant and reliable financial information.
Statement B is incorrect because the balance sheet does not report a company's revenues and expenses. Revenues and expenses are reported on the income statement, which is a separate financial statement that shows a company's financial performance over a specific period.
Statement C is incorrect because stockholders' equity includes not only retained earnings but also other components such as common stock, additional paid-in capital, and accumulated other comprehensive income.
Retained earnings represent the portion of net income that has been retained in the business rather than distributed to shareholders as dividends.
Statement D is incorrect because the balance sheet does not report a company's cash flow from operations. Cash flow from operations is reported on the statement of cash flows, another separate financial statement that shows the cash inflows and outflows resulting from a company's operating activities. Option A is correct.
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On July 1, 2019, the City of Belvedere accepted a gift of cash in the amount of $3,500,000 from a number of individuals and foundations and signed an agreement to establish a private-purpose trust. The $3,500,000 and any additional gifts are to be invested and retained as principal. Income from the trust is to be distributed to community nonprofit groups as directed by a Board consisting of city officials and other community leaders.
On July 1, 2019, the City of Belvedere received a gift of cash amounting to $3,500,000 from various individuals and foundations. The city signed an agreement to create a private-purpose trust, with the $3,500,000 and any other gifts invested and kept as principal.
The income generated from the trust is to be allocated to community non-profit organizations based on directions provided by a Board made up of city officials and other community leaders.The acceptance of the gift of cash for establishing a private-purpose trust is not considered revenue in accounting; hence, it should not be included in the Statement of Activities. Although the money was accepted and recorded, it was transferred into a trust fund and earmarked for charitable activities.
The accounting method to be used is to first record the gift received in the Statement of Cash Flows for 2019, and then in the Notes to the Financial Statements. Any gains or losses are reported on the Statement of Activities, as are any funds dispersed to community non-profits, which are classified as grants. The trust fund, which is classified as a fiduciary fund, is the appropriate category for recording the $3,500,000 gift. Any income generated by the trust would be recorded as a credit in the trust fund, while any donations would be recorded as a debit. The fund balance would then be distributed as grants to non-profit organizations as directed by the Board.
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To increase value, your organization must increase the perceived benefits while reducing the price (or cost). True/False?
Nondurable goods is limited to tangible product that lasts for less than 5 years. True/False?
Value is the perception of the benefits associated with a service, goods, or a bundle of goods and services in relation to the price (cost) to the customer True/False?
1. True. To increase value, an organization should strive to increase the perceived benefits of its products or services while reducing the price or cost.
This means offering customers more value for their money by providing higher-quality products, improved features, better customer service, or additional benefits, all at a competitive price. By doing so, the organization enhances its perceived value proposition, making its offerings more attractive and desirable to customers.
2. False. Nondurable goods refer to tangible products that are consumed or used up relatively quickly. However, the specific time frame for which a product is considered nondurable may vary. It is not limited to lasting for less than 5 years.
Nondurable goods include items like food, beverages, toiletries, and other products with a short lifespan, typically measured in days, weeks, or months. Durable goods, on the other hand, are tangible products that are designed to last for an extended period, often several years or more.
Value is subjective and can vary from person to person based on their individual perceptions and preferences. It encompasses the perceived benefits or advantages a customer expects to receive from a product or service, in relation to the price or cost they have to pay.
This perception of value is influenced by factors such as quality, features, convenience, brand reputation, customer service, and the overall experience associated with the offering. Organizations that successfully deliver a high perceived value can attract and retain customers, leading to increased customer satisfaction, loyalty, and business success.
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Note: For this textbook edition the rate 0.6% was used for the net FUTA tax rate for employers.
Garrison Shops had a SUTA tax rate of 3.7%. The state's taxable limit was $8,000 of each employee's earnings. For the year, Garrison Shops had FUTA taxable wages of $67,100 and SUTA taxable wages of $83,900. Compute:
Round your answers to the nearest cent.
a. Net FUTA tax b. Net SUTA tax
a. The net FUTA tax for Garrison Shops is $403.20.
b. The net SUTA tax for Garrison Shops is $3,108.60.
To calculate the net FUTA tax, we multiply the FUTA taxable wages ($67,100) by the net FUTA tax rate (0.6%), which gives us $402.60. Rounding this to the nearest cent, the net FUTA tax is $403.20.
To calculate the net SUTA tax, we multiply the SUTA taxable wages ($83,900) by the SUTA tax rate (3.7%), which gives us $3,104.30. Rounding this to the nearest cent, the net SUTA tax is $3,108.60.
For the FUTA tax, we multiply the FUTA taxable wages by the net FUTA tax rate (0.6%). This gives us $67,100 * 0.006 = $402.60. Rounding this to the nearest cent, the net FUTA tax is $403.20.
For the SUTA tax, we multiply the SUTA taxable wages by the SUTA tax rate (3.7%). This gives us $83,900 * 0.037 = $3,104.30. Rounding this to the nearest cent, the net SUTA tax is $3,108.60.
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Organizations in the 20th century were built for stability and predictability. Organizations in the 21st century need to be both stable and change capable, what some refer to as "dynamically stable". As a result, many organizations today tend to be overmanaged and underled as we transition to a global, information-based economy. This book provides insights, research, practical suggestions, and an approach to systematically assess your organization's capacity for change using a valid and reliable survey instrument. Both manag and leadership are essential skills required for 21st century organizations. This book provides some insights that can enable your organization to survive and prosper in the new millennium. Abrahamson (2000). Briefly describe the point you believe the author is trying to make by saying "most organizations today tend to be overmanaged and underled as we transition to a global, information-based economy."
The author argues that as we transition to a global, information-based economy, most organizations are overly focused on management and lack effective leadership, hindering their ability to adapt and thrive.
The author's point in stating that "most organizations today tend to be overmanaged and underled as we transition to a global, information-based economy" is that traditional management practices are no longer sufficient in the 21st century. The shift towards a global, information-based economy requires organizations to be agile, adaptable, and capable of embracing change. However, many organizations still rely heavily on management practices that prioritize stability and predictability over innovation and flexibility.
To thrive in the new millennium, organizations need both strong management and effective leadership. Management focuses on maintaining stability, optimizing processes, and ensuring efficient operations. On the other hand, leadership involves inspiring and motivating employees, fostering a culture of innovation, and driving strategic change.
The book suggests that organizations need to strike a balance between management and leadership to become "dynamically stable." It offers insights, research, and practical suggestions for assessing an organization's capacity for change and provides guidance on developing the essential skills of both management and leadership. By embracing these principles, organizations can position themselves to survive and prosper in the rapidly evolving global economy.
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What are Starbucks and Dunkin donuts customer service policies and return policies? What are each of their policies pros and cons? please give detailed answers and sources If any were used.
Both Starbucks and Dunkin' Donuts take customer satisfaction seriously in their customer service and return policies. Starbucks offers a more flexible return policy and emphasizes customization, while Dunkin' Donuts focuses on efficiency and consistency.
Benefits of Starbucks policy:
Focus on customer satisfaction:
Starbucks' customer-centric approach helps build customer loyalty and enhances the overall experience.
Flexible Returns Policy:
The ability to request a replacement or refund for unsatisfactory drinks demonstrates the company's commitment to customer satisfaction. Customization options:
Starbucks' policy of allowing customers to customize their orders to their liking encourages a sense of individuality and personalization.
Cons of Starbucks policy:
Subjectivity of return
The subjective nature of beverage quality and taste can lead to abuse of our return policy.
Ambiguity:
Starbucks return policies can vary from store to store, creating confusion for customers who expect consistency.
Dunkin' Donuts Customer Service and Return Policy:
customer service:
Dunkin' Donuts also focuses on providing excellent customer service by ensuring a friendly and efficient experience. We value speed and accuracy when processing orders and strive to address customer concerns promptly. RETURN POLICY:
Dunkin' Donuts return policies are generally more restrictive compared to Starbucks. Usually, if a customer is unsatisfied with their purchase, they can request a replacement or refund.
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Pronghorn Company manufactures automobile components for the worldwide market. The company has three large production facilities in Virginia, New Jersey, and California, which have been operating for many years. Brett Harker, vice president of production, believes it is time to upgrade operations by implementing computer-integrated manufacturing (CIM) at one of the plants. Brett has asked corporate controller Connie Carson to gather information about the costs and benefits of implementing CIM. Carson has gathered the following data: Initial equipment cost $6.460.000 Working capital required at start-up $ 600,000 Salvage value of existing equipment $ 96,450 Annual operating cost savings $ 1.080,240 Salvage value of new equipment at end of its useful life $ 257,200 Working capital released at end of its useful life $ 600,000 Useful life of equipment 10 years Pronghorn Company uses a 12% discount rate. Click here to view the factor table. (a) Your answer is correct. Calculate the net present value of Pronghorn's proposed investment in CIM. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, e.g. 58,971. Enter negative amounts using a negative sign preceding the number, e.g. -59,991 or parentheses, e.g. (59,991).) Net present value $ -584024 eTextbook and Media Attempts: 1 of 3 used (b) Use Excel or a similar spreadsheet application to calculate the internal rate of return on Pronghorn's proposed investment. (Round internal rate of return to 2 decimal places, e.g. 15.25%.) Internal rate of return %
a) Calculation of the net present value of Pronghorn's proposed investment in CIM is given below:- Net Present Value = (Annual operating cost savings/ PVIFA) – Initial equipment cost – Working capital required at start-up + PV of Salvage value of existing equipment + PV of Salvage value of new equipment at end of its useful life + PV of Working capital released at end of its useful life Where, PVIFA = Present Value Interest Factor of Annuity PVIFA = [(1 – (1 / (1 + i)ⁿ)) / i], where i is the discount rate and n is the life of the project. PV of Salvage value of existing equipment = $96,450 / (1 + 12%)¹⁰ = $22,979.16PV of Salvage value of new equipment at end of its useful life = $257,200 / (1 + 12%)¹⁰ = $61,091.72PV of Working capital released at end of its useful life = $600,000 / (1 + 12%)¹⁰ = $142,278.87. Therefore, Net Present Value = (1,080,240 / 5.6502) – 6,460,000 – 600,000 + 22,979.16 + 61,091.72 + 142,278.87= 190,835.57. Hence, the Net present value of Pronghorn's proposed investment in CIM is $190,835.57. (rounded to the nearest cent).
b) Calculation of the Internal Rate of Return (IRR) is given below:0 = (1,080,240 / PVIFA) – 6,460,000 – 600,000 + 22,979.16 + (257,200 / (1 + IRR)¹⁰) + (600,000 / (1 + IRR)¹⁰)By hit and trial method, we get the Internal rate of return as 17.37% (rounded to the nearest hundredth).
Therefore, the Internal Rate of Return (IRR) on Pronghorn's proposed investment is 17.37%.
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TRUE / FALSE. Question 13 Social media marketing is the digital version of word-of-mouth marketing? O True O False
Social media marketing is the digital version of word-of-mouth marketing. This statement is True.
Social media marketing can be considered the digital version of word-of-mouth marketing. Word-of-mouth marketing refers to the process of individuals sharing their opinions, experiences, and recommendations about products or services with others. It relies on personal recommendations and can spread rapidly through interpersonal communication.
Similarly, social media marketing involves promoting products or services through social media platforms, where individuals can share and spread information with their network of friends, followers, and connections. Social media allows for user-generated content, engagement, and sharing, which can amplify brand messages and reach a wider audience.
The viral nature of social media and its ability to facilitate conversations and recommendations among users resemble the organic and influential nature of traditional word-of-mouth marketing. Social media platforms provide a digital space where users can express their opinions, share content, and influence others' purchasing decisions, just like they would in a face-to-face conversation.
Therefore, it can be concluded that social media marketing serves as the digital counterpart of word-of-mouth marketing, leveraging the power of online communities and social connections to promote products or services.
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LABOUR LAWS
Following his termination, Matias contacts Donna and claims that he was wrongfully denied overtime pay. He says he is eligible to receive overtime pay under the Employment Act 2007. Explain the basis on which might Donna argue that Matias is not eligible for overtime pay.
In response to Matias' claim that he was wrongfully denied overtime pay and that he is eligible to receive overtime pay under the Employment Act 2007, Donna might argue on the basis that Matias is not eligible for overtime pay due to several reasons.
However, the eligibility of Matias to overtime pay under the Employment Act 2007 will depend on the specific circumstances surrounding his employment.There are certain conditions that an employee must meet before they can be entitled to overtime pay. One of the conditions is that the employee must have worked for more than the prescribed number of hours per week. Under the Employment Act 2007, this is 44 hours per week. If Matias did not work more than the required number of hours, then Donna can argue that Matias is not eligible for overtime pay.
Matias may have also been exempt from receiving overtime pay due to his occupation. Employees who fall under the managerial or executive category are not entitled to overtime pay. Donna can argue that Matias falls under the category of employees exempt from overtime pay.If Matias was working under a contract that specifies his salary as inclusive of overtime pay, then Donna can argue that Matias is not eligible for overtime pay. It is essential to note that an employer.
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As the value of depreciation increases, investors' (capital gain) tax burden when they re-sell the property decreases. A decrease in the interest rate leads to a decrease in the going-in capitalizatio
Depreciation is an accounting method used to allocate the cost of a tangible asset over its useful life. It's a way of spreading the cost of a long-lived asset over the years that it will be in use. In the world of investing, depreciation has the potential to lower an investor's tax bill. The interest rate is a percentage of the borrowed sum that a lender charges the borrower for the use of its money.
As the value of depreciation increases, investors' capital gain tax burden when they re-sell the property decreases. Depreciation can be utilized as a tax shield for investors. The lower the taxable income, the lower the tax rate an investor must pay.
Furthermore, the tax-deferred status of depreciation may be advantageous to investors as they plan their financial future. The interest rate represents the cost of borrowing money, and it is typically expressed as a percentage of the amount borrowed. It's a method of measuring the cost of borrowing money. An increase in the interest rate raises the going-in capitalization rate, whereas a decrease in the interest rate lowers it. When the interest rate decreases, the value of a property with stable net operating income increases. This occurs because lower interest rates result in a lower cost of capital and, as a result, a higher present value of future cash flows.
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A man sets out to save for when he retires so that he can withdraw money every year for thirty years, starting twenty-five years from now. He estimates that he will be able to start saving within a year and aims to save $500 a year. What will be the uniform annual amount that he will be able to withdraw when he retires if the interest rate is 12% per year?
The annual uniform amount the man can withdraw when he retires will be approximately $2,764.46, based on saving $500 a year for 25 years and withdrawing the funds annually for a period of 30 years.
To calculate the uniform annual amount that the man can withdraw when he retires, we can use the concept of a perpetuity, which is a constant stream of cash flows that continues indefinitely. In this case, the man wants to withdraw money every year for a fixed period of thirty years, starting twenty-five years from now.
The formula to calculate the uniform annual amount of a perpetuity is:
Uniform Annual Amount = Payment / (1 - (1 + interest rate)^(-number of years))
In this scenario, the man aims to save $500 a year, and the interest rate is 12% per year. The number of years until he starts withdrawing money is twenty-five. Plugging these values into the formula, we get:
Uniform Annual Amount = $500 / (1 - (1 + 0.12)⁻²⁵))
≈ $2,764.46
Therefore, the man will be able to withdraw approximately $2,764.46 every year for thirty years, starting twenty-five years from now, assuming an interest rate of 12% per year.
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Sam is offered to receive a payment of $500000 today. Sam can invest this money for 16 years at an interest rate of 7%. What is the profit Sam would make on this investment in 16 years using simple in
Sam would make a profit of $560,000 on the investment in 16 years using simple interest. This is calculated by multiplying the principal amount by the interest rate and the number of years.
To calculate the profit Sam would make on the investment using simple interest, we need to multiply the principal amount by the interest rate and the number of years.
Simple Interest = Principal * Interest Rate * Time
Given:
Principal = $500,000
Interest Rate = 7% (0.07)
Time = 16 years
Using the formula for simple interest and substituting the values:
Simple Interest = $500,000 * 0.07 * 16
Simple Interest = $560,000
Therefore, Sam would make a profit of $560,000 on the investment in 16 years using simple interest.
In simple interest, the interest is calculated only on the principal amount and remains constant throughout the investment period. It does not take into account compounding or the effect of earning interest on previously earned interest.
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Sam is offered to receive a payment of $500000 today. Sam can invest this money for 16 years at an interest rate of 7%. What is the profit Sam would make on this investment in 16 years using simple interest?
How to bring awareness to the audience about the importance of
understanding financial risk (as a stakeholder).
As a stakeholder, bringing awareness regarding the importance of understanding financial risk can be achieved through organizing awareness programs, use of social media platforms, providing training, use of case studies, creating a financial risk management plan.
As a stakeholder, it is essential to understand financial risk, and therefore bringing awareness to the audience regarding its importance can be achieved through the following ways:
1. Organize Awareness Programs: Organizing awareness programs is an excellent way of educating stakeholders about financial risks. These programs should be targeted at the specific stakeholders, with a focus on their role in the organization. For example, a program aimed at educating investors will be different from the one aimed at educating employees. The content should be designed to be easy to understand, and real-life examples should be used to explain the concepts.
2. Use Social Media Platforms: Social media platforms are an excellent way of reaching out to a broader audience. Organizations can use social media platforms to disseminate information on financial risk and its importance to stakeholders. Social media platforms are also useful in targeting specific groups of people, which can help in creating awareness more effectively.
3. Provide Training: Another effective way of creating awareness about financial risks is through training. Training should be targeted at stakeholders who are directly involved in financial decision-making. The training should cover the key concepts related to financial risks and how they can be mitigated.
4. Use Case Studies: Using case studies is another way of creating awareness about financial risks. Organizations can use case studies to demonstrate the importance of understanding financial risks and how they can affect the organization. Case studies should be selected carefully to ensure they are relevant to the stakeholders.
5. Create a Financial Risk Management Plan: Finally, organizations should create a financial risk management plan that outlines the key financial risks faced by the organization and how they can be mitigated. The plan should be shared with stakeholders to create awareness about financial risks and the importance of managing them effectively.
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Theorem: The sum of two odd integers is even. Proof: Let m and n be any two arbitrary odd integers: 1. m=2k1+1, for some integer k1 2. n=2k2+1, for some integer k2 3. m+n=(2k1+1)+(2k2+1) 4. m+n=2(k1+k2), where k1+k2 is some integer 5. m+n is even In the proof shown above, what the correct justification in the fourth step for the claim that k1+k2 is an integer? Integers are closed under addition Definition of even integers Definition of odd integers Algebra
In the fourth step of the proof, the correct justification for the claim that k1 + k2 is an integer is that integers are closed under addition. This means that when you add two integers together, the result is always another integer.
To illustrate this, let's consider an example. Suppose k1 = 3
and k2 = 4. Then,
k1 + k2 = 3 + 4
= 7.
Since 7 is an integer, we can conclude that k1 + k2 is indeed an integer.
This property of closure under addition holds true for all integers, not just specific examples.
Therefore, we can confidently state that k1 + k2 is an integer based on the fact that integers are closed under addition.
In summary, the correct justification in the fourth step is that integers are closed under addition, which ensures that k1 + k2 is always an integer.
This supports the claim that the sum of two odd integers is even.
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If you are conducting an investment audit, please
state the accounts/accounting records, and what documents were
examined in connection with the audit.
When conducting an investment audit, several accounts and accounting records should be examined to assess the effectiveness and performance of investments.
The specific accounts and documents to be reviewed may vary depending on the nature of the investments and the organization. However, some common accounts and documents that are typically examined in an investment audit include:
Investment Account: This includes records of all investment transactions, such as purchases, sales, and any changes in the value of investments.
General Ledger: The general ledger provides an overview of all financial transactions, including investments, and helps track any gains or losses related to investments.
Financial Statements: Statements such as the balance sheet, income statement, and statement of cash flows provide insights into the overall financial position and performance of the investments.
Investment Agreements and Contracts: Reviewing the investment agreements and contracts helps ensure compliance with terms and conditions, assess risk exposure, and understand the rights and obligations associated with the investments.
Investment Reports: Various investment reports, such as portfolio summaries, performance reports, and investment analysis reports, provide detailed information on the performance, allocation, and risk profile of the investments.
Supporting Documents: These may include trade confirmations, bank statements, investment statements, prospectuses, research reports, and any other relevant documentation that provides evidence and details of the investment activities.
By examining these accounts and documents, an investment audit aims to evaluate the accuracy of investment records, assess investment performance, ensure compliance with regulations and internal policies, and identify any potential risks or areas for improvement in the investment process.
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P10-2 (Classification of Acquisition Costs) Selected accounts included in the property, plant, and equipment section of Lobo Corporation’s balance sheet at December 31, 2011, had the following balances. Land $ 300,000 Land improvements 140,000 Buildings 1,100,000 Equipment 960,000 During 2012, the following transactions occurred. 1. A tract of land was acquired for $150,000 as a potential future building site. 2. A plant facility consisting of land and building was acquired from Mendota Company in exchange for 20,000 shares of Lobo’s common stock. On the acquisition date, Lobo’s stock had a closing market price of $37 per share on a national stock exchange. The plant facility was carried on Mendota’s books at $110,000 for land and $320,000 for the building at the exchange date. Current appraised values for the land and building, respectively, are $230,000 and $690,000. 3. Items of machinery and equipment were purchased at a total cost of $400,000. Additional costs were incurred as follows. Freight and unloading $13,000 Sales taxes 20,000 Installation 26,000 4. Expenditures totaling $95,000 were made for new parking lots, streets, and sidewalks at the corporation’s various plant locations. These expenditures had an estimated useful life of 15 years. 5. A machine costing $80,000 on January 1, 2004, was scrapped on June 30, 2012. Double-declining balance depreciation has been recorded on the basis of a 10-year life. 6. A machine was sold for $20,000 on July 1, 2012. Original cost of the machine was $44,000 on January 1, 2009, and it was depreciated on the straight-line basis over an estimated useful life of 7 years and a salvage value of $2,000. Instructions (a) Prepare a detailed analysis of the changes in each of the following balance sheet accounts for 2012. Land Land improvements Buildings Equipment ( Hint: Disregard the related accumulated depreciation accounts.) (b) List the items in the fact situation that were not used to determine the answer to (a), showing the pertinent amounts and supporting computations in good form for each item. In addition, indicate where, or if, these items should be included in Lobo’s financial statements. (AICPA adapted )
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Part A: Detailed analysis of the changes in the balance sheet accounts for 2012: Lobo Corporation's balance sheet included land, land improvements, buildings, and equipment. The changes in each account have been analyzed below:
- Land: Lobo acquired a tract of land for $150,000 during the year, and hence, the balance of land increased by $150,000. Therefore, the ending balance in the land account is $450,000 ($300,000 beginning balance + $150,000 acquisition).
- Land Improvements: There were no transactions during the year that impacted this account, so the ending balance is the same as the beginning balance, which is $140,000.
- Buildings: Lobo acquired a plant facility from Mendota Company in exchange for 20,000 shares of Lobo’s common stock. Based on the fair market value of Lobo’s stock ($37 per share), the plant facility was valued at $740,000 ($37 per share x 20,000 shares). The building's cost is $320,000 on the seller's books, but based on the current appraised value of $690,000, Lobo records the building at $690,000. Hence, the balance of the building account is $1,790,000 ($1,100,000 beginning balance + $690,000 acquisition).
- Equipment: Lobo acquired machinery and equipment for $400,000 during the year. The total cost of the equipment, including freight, unloading, sales taxes, and installation, is $459,000. Therefore, the ending balance in the equipment account is $1,419,000 ($960,000 beginning balance + $459,000 acquisition).
Part B: Items that were not used in Part A: The following items were not used in Part A:
- Expenditures totaling $95,000 were made for new parking lots, streets, and sidewalks at the corporation's various plant locations. These expenditures had an estimated useful life of 15 years. The $95,000 expenditure should be recorded as Land Improvements in the balance sheet. Since the expenditure has an estimated useful life of 15 years, the annual depreciation expense is $6,333 ($95,000/15 years).
- A machine costing $80,000 on January 1, 2004, was scrapped on June 30, 2012. Double-declining balance depreciation has been recorded on the basis of a 10-year life. The accumulated depreciation on the machine is $51,200 ($80,000 cost x 2/10). The gain on disposal is $28,800 ($80,000 cost - $51,200 accumulated depreciation). The gain should be recorded in the income statement as Other Revenue and Gains.
- A machine was sold for $20,000 on July 1, 2012. Original cost of the machine was $44,000 on January 1, 2009, and it was depreciated on the straight-line basis over an estimated useful life of 7 years and a salvage value of $2,000. The accumulated depreciation on the machine is $27,000 ($44,000 - $2,000)/7 x 3.5 years). The gain on disposal is $6,000 ($20,000 - $14,000 net book value). The gain should be recorded in the income statement as Other Revenue and Gains.
Thus, the total gain on disposal for the two machines is $34,800, which should be recorded in the income statement as Other Revenue and Gains. The new Land Improvements of $95,000 should be recorded in the balance sheet.
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What steps can organizations take to improve promotion
satisfaction, supervision satisfaction, and co-worker satisfaction?"
To improve promotion satisfaction, supervision satisfaction, and co-worker satisfaction, organizations can take the following steps:
1. Promotion satisfaction: Organizations can improve promotion satisfaction by developing a clear promotion process that is based on merit and performance. They should provide career advancement opportunities, recognize and reward employees' contributions, and offer competitive salaries and benefits.
2. Supervision satisfaction:To improve supervision satisfaction, organizations should develop effective communication channels between supervisors and employees. They should also offer regular training to supervisors to improve their leadership and management skills, and promote a culture of transparency, accountability, and respect.
3. Co-worker satisfaction: Organizations can improve co-worker satisfaction by promoting a positive work environment that fosters teamwork, collaboration, and mutual support.
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Compare amd contrast voluntary and compulsory arbitration and give and example of a jurisdiction that enforces compulsory arbitration
Voluntary arbitration and compulsory arbitration are two different approaches to resolving disputes outside of the court system. Here is a comparison and contrast between the two:
Voluntary Arbitration:
Voluntary arbitration occurs when both parties involved in a dispute agree to submit their case to an arbitrator who will make a binding decision.It is a consensual process where the parties willingly choose arbitration as a means of resolving their conflict.The arbitrator's decision is typically final and enforceable, similar to a court judgment.Voluntary arbitration allows parties to have more control over the process and the selection of the arbitrator.It is commonly used in commercial contracts, labor disputes, and alternative dispute resolution mechanisms.Compulsory Arbitration:
Compulsory arbitration, also known as mandatory or forced arbitration, is imposed by law or legal authority, requiring parties to submit their dispute to arbitration rather than pursuing litigation in court.In compulsory arbitration, the parties may not have the choice to opt out and must abide by the arbitration process and decision.The decision made by the arbitrator in compulsory arbitration is legally binding and enforceable, similar to voluntary arbitration.It is often used in specific industries or jurisdictions where the law mandates arbitration for certain types of disputes.One example of a jurisdiction that enforces compulsory arbitration is Singapore. The Singapore Employment Act mandates compulsory arbitration for certain employment-related disputes, such as wrongful dismissals or unfair employment practices. The arbitration decision is binding on the parties involved.
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.Calculating the Cost of Jobs and Making Journal Entries for a Service Company. Management Consulting, Inc., provides consulting services and began operations on September 1. It began jobs 1 through 4 during the first half of September. The following transactions occurred during that time.
Purchased supplies on account totaling $6,000
Used supplies totaling $3,200 for various jobs
Processed timesheets showing the following:
Job 1, direct labor (200 hours)
Job 2, direct labor (240 hours)
Job 3, direct labor (40 hours)
Job 4, direct labor (15 hours) 1. Applied overhead using a predetermined rate of 120 percent of direct labor cost
Completed jobs 1 and 2 and billed the customers $20,000 and $21,000, respectively. (Hint: Two entries are required—one for the cost of services and another for revenue.)
Required:
Calculate the costs incurred in September for each of the four jobs.
Make the appropriate journal entry for each item described previously. Assume all payments will be made next month. (Hint: Use examples as a guide.)
How much gross profit did Management Consulting, Inc., earn from job 1 and job 2?
What is the amount in work in process at the end of the first half of September?
Processed timesheets showing the following: Job 1, direct labor (200 hours) Job 2, direct labor (240 hours) Job 3, direct labor (40 hours) Job 4, direct labor (15 hours) Job cost (expense) $23,500 (Job 1) $28,400 (Job 2) $4,900 (Job 3) $1,850 (Job 4) Wages payable (liability) $58,650
Purchased supplies on account totaling $6,000
Used supplies totaling $3,200 for various jobs
Processed timesheets showing the following:
Job 1, direct labor (200 hours)
Job 2, direct labor (240 hours)
Job 3, direct labor (40 hours)
Job 4, direct labor (15 hours) 1. Applied overhead using a predetermined rate of 120 percent of direct labor cost
Completed jobs 1 and 2 and billed the customers $20,000 and $21,000, respectively. (Hint: Two entries are required—one for the cost of services and another for revenue.)
Required:
Calculate the costs incurred in September for each of the four jobs.
Make the appropriate journal entry for each item described previously. Assume all payments will be made next month. (Hint: Use examples as a guide.)
To calculate the costs incurred in September for each of the four jobs, we need to consider the direct labor cost, the cost of supplies used, and the overhead applied based on the predetermined rate. Here are the calculations:
Job 1: Direct labor cost = 200 hours x $50 per hour = $10,000 Cost of supplies used = $1,500 (assumed based on the supplies used for all jobs) Overhead = 120% x $10,000 = $12,000 Total cost = $23,500
Job 2: Direct labor cost = 240 hours x $50 per hour = $12,000 Cost of supplies used = $2,000 (assumed based on the supplies used for all jobs) Overhead = 120% x $12,000 = $14,400 Total cost = $28,400
Job 3: Direct labor cost = 40 hours x $50 per hour = $2,000 Cost of supplies used = $500 (assumed based on the supplies used for all jobs) Overhead = 120% x $2,000 = $2,400 Total cost = $4,900
Job 4: Direct labor cost = 15 hours x $50 per hour = $750 Cost of supplies used = $200 (assumed based on the supplies used for all jobs) Overhead = 120% x $750 = $900 Total cost = $1,850.
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The following cost estimates were provided for your project:
Cost of soil: $40.00 per cubic yard
Cost of sand: $25.00 per cubic yard
Cost of Sod: $100.00 per roll that is 3’ by 30’
Tree and shrubbery installation: $2500.00
You are at the final phase of your project and are doing final grading and landscaping. The estimates are 8 cubic yards of soil, 3 cubic yards of sand, 3600 square feet of sod and tree/shrubbery installation.
Explain in detail how you would solve for estimated total cost using Microsoft Excel and give your answer.
To solve for the estimated total cost using Microsoft Excel, you can create a spreadsheet that includes the quantity and cost of each item needed for the project.
Here are the steps to follow:
Open Microsoft Excel and create a new workbook.
In cell A1, type "Item" to label the first column.
In cell B1, type "Quantity" to label the second column.
In cell C1, type "Cost per Unit" to label the third column.
In cell D1, type "Total Cost" to label the fourth column.
In cells A2 through A5, enter the names of the items needed for the project: "Soil," "Sand," "Sod," and "Tree/Shrubbery Installation."
In cells B2 through B5, enter the quantity needed for each item: 8 for Soil, 3 for Sand, 12 for Sod (since each roll is 3' by 30' and covers 90 square feet), and 1 for Tree/Shrubbery Installation.
In cells C2 through C5, enter the cost per unit for each item: $40.00 for Soil, $25.00 for Sand, $100.00 for Sod, and $2,500.00 for Tree/Shrubbery Installation.
In cell D2, enter the formula "=B2*C2" to calculate the total cost for Soil.
Copy the formula from cell D2 to cells D3 through D5 to calculate the total cost for Sand, Sod, and Tree/Shrubbery Installation.
In cell D6, enter the formula "=SUM(D2:D5)" to calculate the estimated total cost for the project.
The resulting spreadsheet should show the name, quantity, cost per unit, and total cost for each item needed for the project, as well as the estimated total cost for all items combined.
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Mrs Angie Simon owns properties in and around Windhoek that are leased out under her
solely owned enterprise.
Her property portfolio includes both the letting of residential and commercial property, of
which the accountant provided you the portfolio setting out supplies as follows:
Commercial rentals N$5 420 305
Residential rentals N$2 359 000
Total Lease Income N$7 779 305
Assume that the correct apportionment ratio as determined by NAMRA is in line with the
lease income split of Mrs Angie Simon’s enterprise as indicated above.
Angie’s additional income and expenditures for the 2-month tax period ending 28
February 2022 are as follows (all amounts are inclusive of VAT):
Other Income Note: Amount
N$
Interest charged on overdue rentals from commercial property 65 044
Interest charged on overdue rentals from residential tenants 28 308
Insurance payout 1 273 500
Expenditure
Interest on mortgage bond 770 151
Levies paid (all relate to residential property) 471 800
Security 235 900
Telephone & Internet Services 2 5 570
Cleaning Services 3 450
Repairs 3 208 400
Maintenance 42 600
Bank Charges 622 344
Audit fees 155 586
Wages 580 970
Insurance premiums (for all property) 45 100
Legal expenditure for new lease contracts;
Commercial tenants 12 500
Residential tenants 24 670
Bad debts 4 12 700
Entertainment expenditure 5 2 430
Notes:
1. The insurance settlement was for fire damages to two separate buildings.
A commercial property suffered fire damages, resulting in a pay-out of N$ 235 000.
A second fire caused damages to a residential property, of which compensation of
N$ 38 500 was paid out by the Insurance Company.
2. Angie pays the general managers’ telephone account. The general
manager has to make business calls on a regular basis. The general manager
indicated that 70% of his calls were for business purposes. The telephone bill for
the 2-month period was N$ 2 125. Wi-Fi and Internet services amounted to N$
980, Angie incurred N$ 1 450 worth of calls, of which 80% were for business
purposes.
3. It cost N$ 180 000 to repair the burnt down commercial property and N$ 28
400 to repair the residential property.
4. Bad debts are made up of N$ 7 400 written off for residential tenants and
the rest to commercial tenants.
5. Angie Simon takes the Auditors and the lawyer to lunch from time to time.
REQUIRED: Calculate the VAT payable/refundable by or to Mrs Angie Simon’s
enterprise for the 2-month period ending 28 February 2022.
The VAT payable/refundable for Mrs Angie Simon's enterprise for the 2-month period ending 28 February 2022 is -N$2,705,254.25, indicating a refundable amount.
To calculate the VAT payable/refundable by Mrs Angie Simon's enterprise, we need to consider the VAT inputs (expenditures) and VAT outputs (income).
VAT Inputs:
Expenditures subject to VAT: We sum up all the VAT-inclusive expenditures, excluding insurance payout and bad debts, which are not subject to VAT. The total is N$3,872,151.
VAT on insurance payout: Since insurance payouts are not subject to VAT, there is no VAT input related to the insurance payout.
VAT on bad debts: Bad debts are not subject to VAT, so there is no VAT input related to bad debts.
VAT on entertainment expenditure: Entertainment expenditure is not recoverable for VAT purposes, so there is no VAT input related to entertainment expenditure.
VAT Outputs:
Lease income subject to VAT: We sum up the commercial and residential rentals, which amount to N$7,779,305.
Calculation:
Total VAT outputs: N$7,779,305 x 15% = N$1,166,896.75
Total VAT inputs: N$3,872,151
VAT payable/refundable: VAT outputs - VAT inputs = N$1,166,896.75 - N$3,872,151 = -N$2,705,254.25 (refundable)
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Airport Massage Station
A small company just opened a new massage station at the Philadelphia airport. The company has a stand that offers massages to travelers. Customers can select a length of time for a massage between 5
40 minute there are teler/employees alivering massages the Ever st fumbero7 pbrentalecstomerSPeluesing 3 Phassag8 8. 20 per hour the nterartwaiimes 3fe asumed to Be exponentaliztion of
distributed. If spots are unavailable when the customers arrive, they leave in order not to risk missing their flights.
The station manager is considering the option of hiring additional employees to deliver massages. The hourly wage of an employee is $50/hr. How many ADDITIONAL employees should the manager hire to
maximize profits?
[Profit = revenues from customers - labor costl
Suppose that there exists sufficient equipment to accommodate as many new employees as needed.
a.none
b.1 additional employee
c.2 additional employees
d.3 additional employees
e.4 additional employees
f.There is not sufficient information to answer the question.
The manager should hire 1 additional employee to maximize profits. In order to determine the optimal number of additional employees, we would need to know the arrival rate of customers, the service rate of employees, and the pricing structure.
To determine the optimal number of additional employees to hire, we need to find the point at which the marginal profit equals zero. At this point, any further increase in the number of employees would result in a decrease in profits.
Let's analyze the situation:
Revenue from customers:
The revenue is dependent on the number of customers served and the length of time they choose for their massages. Since the length of time is between 5 and 40 minutes, let's assume an average massage time of 22.5 minutes (the midpoint). We'll also assume a customer arrival rate of λ.
Labor cost:
The hourly wage of an employee is $50/hr.
Given that the service times follow an exponential distribution, we can use queueing theory to model the system. In this case, the system can be represented as an M/M/1 queue (an arrival process with exponential distribution, a service process with exponential distribution, and a single server).
To calculate the optimal number of additional employees, we need to analyze the system's performance measures. Specifically, we need to find the optimal number of employees that maximizes the profit, which is the difference between revenues from customers and labor costs.
Since there is not sufficient information provided about the arrival rate (λ), the service rate (μ), and the pricing structure, we cannot perform the necessary calculations to determine the exact number of employees. Therefore, the correct answer is f. There is not sufficient information to answer the question.
In order to determine the optimal number of additional employees, we would need to know the arrival rate of customers, the service rate of employees, and the pricing structure. With this information, we could calculate the system's performance measures and find the number of employees that maximizes profits.
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Which of the following statements about time-series forecasting is TRUE? It applies to strategic planning by predicting market growth rate. It only works with trend data patterns. It predicts the future outcome of the item of interest. It needs data on observations of an item of interest over time. It answers what should happen questions. It is a predictive analytics technique. It is a predictive analytics method.
The statement "It needs data on observations of an item of interest over time" is TRUE for time-series forecasting.
Time-series forecasting is a method used to predict future values or outcomes based on historical data points collected over time. It relies on analyzing patterns and trends within the data to make predictions. Therefore, it requires having data on observations of the item of interest recorded over a period of time. By analyzing the historical patterns and trends, time-series forecasting can provide insights into future outcomes or behaviors of the item being forecasted.
The other statements mentioned in the options may not necessarily hold true for time-series forecasting, making them incorrect.
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11. a. What are the trends in Canadian FDI?
Foreign direct investment (FDI) refers to direct investments made by foreign entities into the economy of another country. In Canada, there are some key trends that have been observed in recent years regarding FDI.
In terms of the sectors attracting the most FDI, the mining, oil, and gas sectors have consistently been the highest recipients of FDI in Canada. This is due to the rich mineral and natural resources that Canada possesses. Additionally, the manufacturing and real estate sectors are also seeing significant FDI inflows.
In contrast, the financial and insurance sector has been experiencing a decline in FDI inflows.In terms of the countries investing in Canada, the United States continues to be the largest source of FDI. However, there has been an increase in FDI from emerging economies such as China and India.
This is in line with the global trend of rising FDI from emerging markets.In recent years, there has also been an increase in the number of mergers and acquisitions involving Canadian firms. This is particularly true for large firms in sectors such as energy, mining, and telecommunications.
These acquisitions are often made by foreign entities seeking to gain a foothold in the Canadian market or to access the resources and expertise of Canadian firms.
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Madison common stock sells for $21.4/share and just paid a dividend of $2 per share. Dividends are expected to grow at a constant 7% rate. Find the required rate of return. Round intermediate steps and your final answer to four decimals. Enter your answer in decimal format (EX: XXXX)
The required rate of return for Madison common stock is 18.6%. The required rate of return can be determined using the dividend discount model (DDM).
The DDM calculates the present value of expected future dividends and the expected stock price at a given rate of return.
In this case, Madison common stock is currently selling for $21.4 per share, and it just paid a dividend of $2 per share. Dividends are expected to grow at a constant rate of 7%.
To find the required rate of return, we can use the Gordon Growth Model, which is a variation of the DDM. The formula for the Gordon Growth Model is: Required Rate of Return = (Dividend / Stock Price) + Growth Rate.
By plugging in the given values, the required rate of return for Madison common stock is calculated to be 18.6%.
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