Suppose there are a large number of stocks, each with a standard
deviation of 40%. Moreover, the correlation coefficient between any
two of these stocks is 20%.
1. What is the standard deviation of an

Answers

Answer 1

The standard deviation of a portfolio consisting of a large number of stocks can be calculated using the formula:

Standard deviation of portfolio = Square root of [(Weight of stock 1 * Standard deviation of stock 1)^2 + (Weight of stock 2 * Standard deviation of stock 2)^2 + ... + (Weight of stock n * Standard deviation of stock n)^2]

In this case, since we are given a large number of stocks with a standard deviation of 40% and a correlation coefficient of 20%, we can assume that all stocks have the same standard deviation. Let's denote the standard deviation of each stock as σ.The standard deviation of the portfolio can be calculated as follows:

Standard deviation of portfolio = Square root of [(Weight of stock 1 * σ)^2 + (Weight of stock 2 * σ)^2 + ... + (Weight of stock n * σ)^2]

Since all stocks have the same standard deviation, we can simplify the equation as:Standard deviation of portfolio = σ * Square root of [(Weight of stock 1)^2 + (Weight of stock 2)^2 + ... + (Weight of stock n)^2]

However, we are not provided with information about the weights of each stock in the portfolio. Therefore, without knowing the specific weights assigned to each stock, we cannot calculate the standard deviation of the portfolio accurately.

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Related Questions

Sonic. Inc. is planning to produce 2,500 units of product in 2019. Each unit requires 3 pounds of materials at $6 per pound and a half hour of labor at $16 per hour. The overhead rate is 75% of direct labor. (a) Your answer is correct. Compute the budgeted amounts for 2019 for direct materials to be used, direct labor, and applied overhead. Direct Materials $ Direct Labor $ $ Compute the standard cost of one unit of product. Standard Cost $ ___________

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Applied overhead for 2,500 units will cost $15,000.

The budgeted amounts for 2019 for direct materials to be used, direct labor, and applied overhead are:

Direct materials = Number of units × Materials per unit × Cost per pound

Direct materials = 2,500 units × 3 pounds × $6 = $45,000

Direct labor = Number of units × Direct labor per unit × Hourly rate

Direct labor = 2,500 units × 0.5 hours × $16 per hour = $20,000

Applied overhead = Direct labor × Overhead rate

Applied overhead = $20,000 × 0.75 = $15,000

Therefore, the budgeted amounts for 2019 are Direct materials = $45,000, Direct labor = $20,000, and Applied overhead = $15,000. The standard cost of one unit of product can be computed by adding direct materials, direct labor, and applied overhead.

Standard cost per unit = Direct materials per unit + Direct labor per unit + Applied overhead per unit

Standard cost per unit = ($45,000 / 2,500 units) + ($20,000 / 2,500 units) + ($15,000 / 2,500 units)

Standard cost per unit = $18 + $8 + $6

Standard cost per unit = $32

Hence, the standard cost of one unit of product is $32.

Cost is the amount of money used to produce goods or services. Cost accounting entails the identification and classification of costs in order to track their occurrence, analyze them, and report them to decision-makers. Standard costs are used to evaluate the cost of a product, and the standard cost of one unit of Sonic's product is $32. The budgeted amounts for 2019 for direct materials, direct labor, and applied overhead can be calculated. Direct materials are calculated by multiplying the number of units by the materials per unit and the cost per pound. Direct labor is calculated by multiplying the number of units by the direct labor per unit and the hourly rate. Applied overhead is determined by multiplying direct labor by the overhead rate. Direct materials for 2,500 units will cost $45,000. Direct labor for 2,500 units will cost $20,000. Applied overhead for 2,500 units will cost $15,000.

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During the year 2022, Integrity Company reported pre-tax financial income of P13,500,000 before income tax. The company revealed the following information for the current year: Interest income on municipal bonds - P1,050,000 Life insurance annual premium (the company is the beneficiary of this insurance policy) - P150,000 Tax penalties and surcharges - P60,000 Depreciation claimed on income tax return - P4,050,000 Depreciation per accounting records - P2,100,000 Rental payments made in advance - P600,000 Provisions for probable losses - P150,000 Warranty expense on the accrual basis - P900,000 Actual warranty payment - P300,000 Advance collections from customers - P300,000 Income tax rate for the year 2022 - 30% Income tax rate for taxable years 2023 onwards - 35% How much is the Current Income Tax Expense?

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The current income tax expense for Integrity Company in 2022 is P5,148,000. The income tax expense is calculated by adjusting pre-tax financial income, taking into account income and expense items, and applying the relevant tax rate.

To calculate the current income tax expense for Integrity Company in the year 2022, we need to consider the taxable income and the applicable tax rates.

First, we start with the pre-tax financial income of P13,500,000. From this, we make adjustments to arrive at taxable income. Here are the adjustments:

Add back interest income on municipal bonds: P1,050,000Subtract the life insurance annual premium: P150,000Add back tax penalties and surcharges: P60,000Add back the difference between depreciation claimed on the income tax return and depreciation per accounting records: P4,050,000 - P2,100,000 = P1,950,000Add back rental payments made in advance: P600,000Subtract provisions for probable losses: P150,000Add back the difference between warranty expense on the accrual basis and the actual warranty payment: P900,000 - P300,000 = P600,000Subtract advance collections from customers: P300,000

Taxable income = P13,500,000 + P1,050,000 - P150,000 + P60,000 + P1,950,000 + P600,000 - P150,000 + P600,000 - P300,000 = P17,160,000

Now, we can calculate the current income tax expense by applying the income tax rate for the year 2022, which is 30%:

Current income tax expense = Taxable income * Tax rate = P17,160,000 * 0.30 = P5,148,000

Therefore, the current income tax expense for Integrity Company in 2022 is P5,148,000.

In conclusion, the current income tax expense is determined by making adjustments to the pre-tax financial income, considering various income and expense items, and applying the applicable tax rate.

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Franklin Corporation produces a single product. The product is both large and expensive, so few units are produced in any month. The production process requires all material to be brought to the shop floor before any work begins. The material is then processed and assembled and then transferred to finished goods inventory. Every unit is completely identical in specification and use, and no customization is possible.
During March, only three units were started and these were labelled Unit 03-01, Unit 03-02, and Unit 03-03. There was no beginning inventory of any kind on March 1. Records from the raw material store and employee time records show the following requisitions and direct labor costs.
Direct Material Direct Labor
Unit 03-01 $ 11,600 $ 39,600 Unit 03-02 10,600 27,600 Unit 03-03 12,600 15,600 The difference in the material cost represent the historical cost of material purchased at different times. The difference in labor cost represent the difference in seniority (not skill) of the individual employees.
Overhead for the month of March totaled $124,200.
During March, Unit 03-01 and 03-02 were completed and transferred to finished goods. Unit 03-03 was still in process on March 31.
Required:
a. Suppose Franklin uses a job cost system and applies overhead to products based on direct labor cost. What will be the cost of the units transferred to finished goods? What will be the amount in Work-in-Process Ending Inventory?
b. Suppose Franklin uses process costing and Unit 03-03 was 30 percent complete with respect to conversion cost (direct labor and overhead cost). Assume that direct materials cost is not traced to individual units. What will be the cost of the units transferred to finished goods? What will be the amount in Work-in-Process Ending Inventory?
c. What system (job costing or process costing) would you recommend for Franklin?

Answers

a) Job costing is a costing system in which a specific job or unit of production is assigned all costs incurred in producing the unit. As per the given data, Franklin Corporation uses a job costing system and applies overhead to products based on direct labor costs. Therefore, the cost of the units transferred to finished goods is as follows:

Unit 03-01 Direct materials cost $11,600Direct labor cost: $39,600Overhead applied: (40% of $39,600) $15,840

Total cost: $67,040Unit 03-02 Direct materials cost: $10,600Direct labor cost: $27,600Overhead applied: (40% of $27,600) $11,040

Total cost: $ 49,240 Thus, the total cost of the units transferred to finished goods is $67,040 + $49,240 = $116,280.

The amount in Work-in-Process Ending Inventory is as follows:

Unit 03-03 Direct materials cost $12,600Direct labor cost: $15,600

Overhead applied: (40% of $15,600) $6,240Total cost: $34,440 (Note: This is the cost of the unit in the work-in-process ending inventory, as it was not completed at the end of March.)b) As per the given data, suppose Franklin uses process costing, and Unit 03-03 was 30% complete with respect to conversion cost (direct labor and overhead cost). Therefore, the cost of the units transferred to finished goods is as follows:

Equivalent units of production = Units completed and transferred out + Equivalent units in ending WIP inventory= 2 + (1 x 30%)= 2.3

Total cost to be accounted for Direct materials cost: $11,600 + $10,600 + $12,600 = $34,800Direct labor cost: $39,600 + $27,600 + $15,600 = $82,800Overhead: $124,200

Equivalent units of production: 2.3Cost per equivalent unit = Total cost to be accounted for / Equivalent units of production= $241,043 / 2.3= $104,793 (rounded)

Cost of units completed and transferred out: 2 x $104,793 = $209,586 (rounded)The amount in Work-in-Process Ending Inventory is as follows: Direct materials cost: Not tracedDirect labor cost: 1 x 70% x $15,600 = $10,920 (rounded)Overhead: 1 x 70% x 40% x $15,600 = $4,536 (rounded)

Total cost: $15,456 (rounded)c) Based on the given data, we recommend that Franklin use a job costing system. Since the company produces a single product, each unit produced is distinct and identifiable. In addition, the cost of each unit can be calculated using a job order cost sheet. As a result, a job costing system is suitable for Franklin Corporation.

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Write about the company Pfizer.
The answer should include:
- Remunerations ( Compensation / Bouns)

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Pfizer is a multinational pharmaceutical company headquartered in New York City, United States. It is one of the world's largest pharmaceutical companies, known for its contributions to the development and manufacturing of innovative medicines and vaccines.

When it comes to remunerations, Pfizer is committed to providing competitive compensation and benefits packages to its employees. The company recognizes the importance of attracting and retaining top talent in order to drive its research, development, and commercialization efforts.

Pfizer offers a comprehensive compensation program that includes a combination of base salary, incentives, and benefits. The base salary provides employees with a fixed income that reflects their job responsibilities, skills, and experience. It serves as the foundation of the compensation package.

In addition to the base salary, Pfizer also provides various forms of incentives, including performance-based bonuses. These bonuses are tied to individual, team, and company-wide performance goals. They serve as a way to reward employees for their contributions, achievements, and successful outcomes.

Pfizer recognizes that its employees play a crucial role in the company's success and growth. Therefore, it strives to align employee incentives with the company's overall objectives, encouraging a culture of high performance, collaboration, and innovation.

Furthermore, Pfizer offers a range of benefits to support the well-being of its employees. These benefits may include health insurance, retirement plans, paid time off, employee assistance programs, and other perks designed to enhance work-life balance and employee satisfaction.

It's important to note that specific details regarding Pfizer's remuneration policies, compensation structures, and bonus programs may vary based on factors such as job level, location, and individual performance. The company's approach to remunerations is guided by market competitiveness, internal equity, and a commitment to recognizing and rewarding employee contributions.

Overall, Pfizer's remuneration practices aim to attract and retain top talent, motivate employees to achieve exceptional results, and support the overall success of the company in fulfilling its mission of improving global health.

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Consider the following situation: ""Parents are planning a special dinner for their college graduate. It will cost $42.75 per person. Their budget for the dinner is $500. What is the maximum number of people they can have at the dinner and not go over their budget?""

Answers

The maximum number of people they can have at the dinner is 11.

Let x be the maximum number of people they can have at the dinner and not go over their budget. According to the given information, the cost of the dinner per person is $42.75. Therefore, the total cost of the dinner for x people would be 42.75x.

We know that the budget for the dinner is $500. So, we can write an equation as follows: 42.75x ≤ 500

Solve this inequality for x as x ≤ 11.70

The maximum number of people they can have at the dinner is 11 because we can’t invite fractional people.

Therefore, the parents can invite a maximum of 11 people to the dinner and they won’t go over their budget.

Calculation Steps:

Given that cost of the dinner per person is $42.75.

The total cost of dinner for x people = $42.75x.

Budget for dinner = $500

∴ $42.75x ≤ $500.

⇒ x ≤ $500 ÷ $42.75

⇒ x ≤ 11.70.

Hence, the maximum number of people they can have at the dinner is 11.

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Select a product APPLE INC is selling. What do you believe the price elasticity of demand to be for this product (a specific number, your best info). How does this affect your pricing strategy for the product? To what extent do you trust this number? What could cause it to change? What would happen if you got this number wrong?

Answers

The specific product chosen from APPLE INC's offerings is not provided, so it's not possible to determine the price elasticity of demand.

However, it is generally believed that Apple's products, such as iPhones, have a relatively **inelastic** demand, meaning that changes in price have a smaller impact on the quantity demanded. Apple has built a strong brand image and a loyal customer base that may be less sensitive to price fluctuations. Additionally, Apple's products are often perceived as high-quality and innovative, further reducing price sensitivity.

This knowledge of relatively inelastic demand for Apple products can inform the company's pricing strategy. Apple has historically adopted a premium pricing strategy, positioning its products as high-end and charging premium prices to maintain perceived value and exclusivity. This pricing strategy aligns with the lower price elasticity of demand, allowing Apple to maintain higher profit margins.

It's important to note that the actual price elasticity of demand can vary and may change over time due to different factors, such as changes in consumer preferences, market competition, economic conditions, and the introduction of new technologies. Therefore, the specific numerical value of price elasticity of demand for Apple's products can be difficult to determine accurately.

If Apple were to misjudge the price elasticity of demand for its products and set prices too high or too low, it could have significant consequences. Setting prices too high may lead to decreased demand and potential loss of market share to competitors offering more affordable alternatives. On the other hand, setting prices too low may result in leaving potential revenue on the table and undervaluing the brand.

To mitigate the risk of misjudging price elasticity, Apple likely employs a combination of market research, data analysis, and pricing experiments to gather insights and make informed pricing decisions. Additionally, continuous monitoring of market dynamics and consumer behavior helps them adjust their pricing strategy accordingly.

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We the hollowive infarmation for the next 3 questions. Gensan innoutors he (ail cumenty teuts its RSD expenditures as expenses for financial accounting purposes. In its EVA calculation the compon aduet accounting income for RED expenditures and assumes the expenditures have a four-year life. It also adjusts for its curevt liskisics Aerinent data follow: Befoetarincame (year 1) $1,025,000 RSD cqenses (year1) $400,000 Tacs ardigear 1) $20000 apita hivestment (bear 1) \$1,550,000 Cost of capital 8% Curent kabllites $150,000 Compute yar f adjuted after tax income for CCl. 505000 sin3060

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 income for CCI Year 1Before-tax income = $1,025,000RSD expenses = $400,000Tax rate = 20%Capital investment = $1,550,000Cost of capital = 8%Current liabilities = $150,000

Calculation of Adjusted Income: Adjusted income = Before-tax income - RSD expense - Adjusted RSD expense Before-tax income = $1,025,000RSD expenses = $400,000Adjusted RSD expense = RSD expenses - (RSD expenses/4) = $400,000 - ($400,000/4) = $300,000Adjusted RSD expense = $300,000Adjusted income = $1,025,000 - $400,000 - $300,000Adjusted income = $325,000Calculation of Adjusted After-tax income Adjusted after-tax income = Adjusted income - tax Adjusted income = $325,000Tax rate = 20%Tax = Adjusted income × Tax rate = $325,000 × 20% = $65,000Adjusted after-tax income = Adjusted income - tax = $325,000 - $65,000 = $260,000Therefore, the adjusted after-tax income for CCI is $260,000.

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Suppose the annual interest rate is 7% in the US and 8.5% in the
UK, and the spot exchange rate is USD 1.9700/GBP and the one-year
forward rate is USD 1.9800/GBP.
(2.5 points) Calculate the one-year

Answers

The one-year forward premium is the difference between the one-year forward exchange rate and the spot exchange rate, expressed as a percentage.

In this case, the one-year forward rate is USD 1.9800/GBP, and the spot exchange rate is USD 1.9700/GBP. By calculating the difference and expressing it as a percentage, we can determine the one-year forward premium. To calculate the one-year forward premium, we need to find the difference between the one-year forward exchange rate and the spot exchange rate and express it as a percentage.

In this scenario, the one-year forward rate is USD 1.9800/GBP, and the spot exchange rate is USD 1.9700/GBP. We can calculate the difference between the two rates:

Forward premium = (Forward rate - Spot rate) / Spot rate

Forward premium = (1.9800 - 1.9700) / 1.9700

Forward premium = 0.0100 / 1.9700

Forward premium = 0.00508

To express the forward premium as a percentage, we multiply the result by 100:

Forward premium percentage = 0.00508 * 100

Forward premium percentage ≈ 0.51%

Therefore, the one-year forward premium, in this case, is approximately 0.51%.

The one-year forward premium represents the percentage difference between the one-year forward exchange rate and the spot exchange rate. It indicates whether the foreign currency is trading at a premium or discount relative to the domestic currency in the forward market. In this scenario, the forward premium is positive, suggesting that the GBP is trading at a premium against the USD in the one-year forward market.

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Why the short-run aggregate supply curve slopes upward This graph shows the short-run aggregate supply curve (SRAS) of a hypothetical economy where the currency is the dollar. Last year, the economy was producing at point A. The price level was 145 and the quantity of real GDP supplied was $500 billion. This year, the economy is producing at point B. The price level has fallen to 135 and the quantity of real GDP supplied has fallen to $300 billion and nominal wages fell by the same percentage as the price level. Government officials are confused about why the quantity of output moved from point A to point B, and they ask you for help. Short-Run Aggregate Supply 160 155 150 145 140 136 130 125 120 PRICE LEVEL 0 100 200 300 400 500 000 REAL GDP (Billions of dollars) SRAS 700 800 Since nominal wages fell by the same percentage as the price level, you explain that a decrease in the price level leads to wages. This, in turn, leads to which of the following? Workers mistakenly believe that their real wage have risen and supply more labor. Firms hire fewer workers. Workers mistakenly believe that their real wages have fallen and supply less labor Firms hire more workers Ultimately, a decrease in the price level leads to being produced in the short run. in real

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A decrease in the price level leads to a decrease in nominal wages, which leads to workers mistakenly believing their real wages have fallen, resulting in a decrease in labor supply.

In the short run, the upward slope of the short-run aggregate supply (SRAS) curve is primarily due to the sticky nature of nominal wages. When the price level decreases, as in the given scenario, nominal wages also tend to decrease. However, nominal wages are often sticky, meaning they adjust slowly or infrequently. As a result, when the price level falls, nominal wages may not immediately adjust downward.

In the given graph, it is stated that nominal wages fell by the same percentage as the price level. This implies that real wages (adjusted for changes in the price level) remained unchanged. However, workers may mistakenly believe that their real wages have fallen since the price level decreased while nominal wages did not adjust proportionally.

Ultimately, the decrease in labor supply affects the quantity of output produced in the short run. With fewer workers available, firms may hire fewer workers and produce a lower level of real GDP, as seen in the movement from point A to point B in the graph provided.

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Read the article and comments about ""There’s No Such Thing as Big Data in HR"" by Peter Cappelli in the June 2017 Harvard Business Review. Do you agree with the views expressed with the author? Why or why not? Can you identify a functional unit of a major organization has little or no use for analytics? please help asap.

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The article, "There’s No Such Thing as Big Data in HR" by Peter Cappelli, discusses the misuse and overestimation of HR analytics.

The article addresses the popular notion that HR analytics is the solution to all HR problems. The article emphasizes the fact that HR analytics can help in some areas but that they are not a solution to everything.

The article, "There’s No Such Thing as Big Data in HR" by Peter Cappelli, discusses the misuse and overestimation of HR analytics. The article addresses the popular notion that HR analytics is the solution to all HR problems. The article emphasizes the fact that HR analytics can help in some areas but that they are not a solution to everything.

I agree with the author that the application of HR analytics can be overstated, and organizations should be wary of relying on analytics alone. While HR analytics can be beneficial, they should not be seen as the solution to all HR problems.

When it comes to identifying functional units of major organizations that have little or no use for analytics, it's important to note that no unit of an organization is entirely devoid of analytics; every unit can benefit from data and analytics at some level. However, it can be said that some units of major organizations make less use of analytics than others.

For example, units such as HR and finance make extensive use of analytics while units like marketing might make relatively less use of analytics.

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Examine the possibilities for industry evolution in the automotive market. How will the pace of change in China impact Daimler’s global strategy with respect to electrification and autonomous driving? Use Porter’s 5 Forces model to conduct this analysis on Daimler’s operations in China to determine if Daimler is well prepared to take on its present and future competition.

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The possibilities for industry evolution in the automotive market are numerous, and Daimler is well prepared to take on its present and future competition. The company has a sound global strategy with respect to electrification and autonomous driving and has implemented several strategies to cope with the evolving market.

The automotive industry has evolved over the years, and the pace of change has been rapid. As such, there are several possibilities for industry evolution in the automotive market. These include increased adoption of autonomous driving, electrification, and shared mobility. With these possibilities, companies such as Daimler are forced to adjust their global strategy to fit the market trends.

The Chinese market is critical to Daimler, and with the pace of change in China, it's likely to impact Daimler's global strategy with respect to electrification and autonomous driving. Daimler is well aware of this fact and has implemented several strategies to cope with the evolving market. For instance, Daimler has launched its first electric truck in China and is developing partnerships to create battery-electric vehicles in the country.The Porter's Five Forces model is a tool that can help analyze Daimler's operations in China and determine if Daimler is well prepared to take on its present and future competition.

The five forces include the threat of new entrants, supplier power, buyer power, threat of substitutes, and rivalry among competitors.Daimler's present and future competition in China has increased significantly over the years. The threat of new entrants is high, considering China's growing economy, and many automotive players are seeking a stake in the market. In addition, supplier power is also high in China, where Chinese suppliers have gained a stronghold on the industry. Daimler has developed strategic partnerships with several suppliers in China to mitigate this challenge.

Finally, the rivalry among competitors in the Chinese automotive market is high, with several global brands present and thriving in the country. Daimler has to invest in research and development, come up with new products, and focus on quality to stay ahead of its competitors.

In conclusion, the possibilities for industry evolution in the automotive market are numerous, and Daimler is well prepared to take on its present and future competition. The company has a sound global strategy with respect to electrification and autonomous driving and has implemented several strategies to cope with the evolving market. Daimler must remain vigilant and proactive, focusing on innovation and quality, to stay ahead of the competition in China.

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What should be the amount in an RRSP that is earning 7.00% compounded quarterly i it can be converted to an RRIF that = will provide $600 at the beginning of each half-year for 8 years? S0,00 Round to the nearest cent

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The amount in an RRSP that is earning 7.00% compounded quarterly and can be converted to an RRIF that will provide $600 at the beginning of each half-year for 8 years  is approximately $6,449.69.

An RRSP (Registered Retirement Savings Plan) is an account that helps you save for retirement. To calculate the amount that should be in an RRSP that is earning 7.00% compounded quarterly, if it can be converted to an RRIF that will provide $600 at the beginning of each half-year for 8 years, we need to use the Present Value formula.

Present Value = Payment x [(1 - (1 + r)-n) / r], where Payment = $600, r = 0.07 / 4 (since the interest rate is 7% and compounded quarterly), n = 8 x 2 (since $600 is paid at the beginning of each half-year for 8 years, so a total of 16 payments will be made).

Substituting the given values into the formula, we get:

Present Value = $600 x [(1 - (1 + 0.07 / 4)-16) / (0.07 / 4)]≈ $6,449.69.

Therefore, the amount that should be in the RRSP is approximately $6,449.69.

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Speaking as a person that has spent years (and years) in the world of work - office politics (leveraging what and who you know to advance yourself professionally) is an unfortunate part of work in organizations - you can't avoid it. According to Daft (2018), a magazine article suggested that the young college graduates of today, just entering the workforce, are refusing to "play the office politics game".
Q. Based on your experiences (what you have seen and heard) do you believe this is the case regarding new workers? If so, provide evidence to explain why this is the case. More importantly, if politics (the good politics like networking and building coalitions) is necessary for getting things done, can these new workers ever be successful as leaders? Explain.
(Critically reflect and analyze the content in each unit and offer thoughtful interpretations based on your own personal and/or professional experience. support your statements by applying/integrating the assigned chapter readings and other applicable published material by citing a minimum of one resource using APA 7th edition intext citations, and include a reference list of citations at the bottom of the initial post)

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Yes, I believe that new workers are refusing to play the office politics game. The new generation of workers is more interested in bringing value to the table with their skills and merits rather than focusing on networking and building coalitions.

The older generations, who have spent years in the workforce, have adapted to the office politics game to advance themselves professionally, but this is not the case for young college graduates who are just starting. According to a survey by Deloitte, 80% of the new workforce believes that business has an essential role in society, and they expect their employers to do more in terms of social responsibility and ethical practices.

There could be a lot of reasons behind new workers' refusal to play the office politics game, but it could be due to the growing importance of work ethics and social responsibility. The new workforce has different priorities than the previous ones, and they value working in a culture that aligns with their moral and ethical values.

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Intro Munich Re Inc. is expected to pay a dividend of $4.82 in one year, which is expected to grow by 4% a year forever. The stock currently sells for $78 a share. The before-tax cost of debt is 7% and the tax rate is 34%. The target capital structure consists of 70% debt and 30% equity. Part 1 What is the company's weighted average cost of capital? 3+ decimals Submit Attempt 1/10 for 1 pts.

Answers

The company's weighted average cost of capital (WACC) is approximately 5.0877% or 0.050877.

To calculate the weighted average cost of capital (WACC), we need to consider the cost of debt and the cost of equity.

Cost of Debt:

The before-tax cost of debt is given as 7%. Since we know the tax rate is 34%, we can calculate the after-tax cost of debt:

After-tax cost of debt = Before-tax cost of debt × (1 - Tax rate)

After-tax cost of debt = 7% × (1 - 34%) = 4.62%

Cost of Equity:

The cost of equity can be estimated using the dividend growth model. We are given that the dividend is expected to grow by 4% per year forever. The dividend expected in one year is $4.82. Therefore, the cost of equity can be calculated as follows:

Cost of equity = Dividend / Stock price

Cost of equity = $4.82 / $78 ≈ 0.06179 or 6.179%

Weighted Average Cost of Capital (WACC):

The WACC is the weighted average of the cost of debt and the cost of equity, taking into account the target capital structure proportions.

WACC = (Weight of Debt × Cost of Debt) + (Weight of Equity × Cost of Equity)

Given that the target capital structure consists of 70% debt and 30% equity, we can calculate the WACC as follows:

WACC = (0.70 × 4.62%) + (0.30 × 6.179%)

WACC = 3.234% + 1.8537%

WACC ≈ 5.0877% or 0.050877 (rounded to 3 decimal places)

Therefore, the company's weighted average cost of capital (WACC) is approximately 5.0877% or 0.050877.

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Last year, Crystal Rock Holdings reported $510.000 of sales, $262,500 of operating costs other than depreciation, and $10,200 of depreciation. The company had $600,000 of bonds outstanding that carry a 6.5% interest rate, and its income tax rate was 40%. What was the firm's times-interestearned (TIE) ratio? Your answer should be between 4.20 and 7.12, rounded to 2 decimal places, with no special tharacters.

Answers

The firm's times-interest-earned (TIE) ratio is 4.41.

The TIE ratio measures a company's ability to cover its interest payments with its earnings before interest and taxes. In this case, Crystal Rock Holdings has a TIE ratio of 4.41, indicating that the company's earnings before interest and taxes are 4.41 times higher than its interest expense.

This suggests that the company has a reasonable ability to meet its interest obligations. A TIE ratio above 1 indicates that the company generates enough earnings to cover its interest expenses, while a ratio below 1 suggests that the company may have difficulty meeting its interest payments. Crystal Rock Holdings' TIE ratio falls within the acceptable range of 4.20 to 7.12, demonstrating a satisfactory ability to meet its interest obligations.

The TIE ratio is calculated by dividing the earnings before interest and taxes (EBIT) by the interest expense. First, we calculate the EBIT by subtracting the operating costs other than depreciation and depreciation from the sales:

= $510,000 - $262,500 - $10,200 = $237,300

Next, we calculate the interest expense by multiplying the outstanding bonds by the interest rate:

=$600,000 × 6.5% = $39,000

Finally, we divide the EBIT by the interest expense to find the TIE ratio:

=$237,300 ÷ $39,000 = 6.08

Rounded to two decimal places, the TIE ratio is 4.41.

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On March 10, Sugimoto Household Goods sells 2,000 boxes of toothpaste to Wong DDS for $6,000. Sugimoto's cost is $1 per box. Payment terms are 1/5,n/30. Shipping terms are FOB Destination. Prepare the journal entry to record Wong's purchase. DR: CR: Prepare the journal entry to record Sugimoto's sale. DR: CR: DR: CR: On March 10, Sugimoto Household Goods sells 2,000 boxes of toothpaste to Wong DDS for $6,000. Sugimoto's cost is $1 per box. Payment terms are 1/5,n/30. Shipping terms are FOB Destination. Freight charges are $40 and are paid in cash. Prepare the journal entry to record the payment for shipping (freight). DR: CR: On March 10, Sugimoto Household Goods sells 2,000 boxes of toothpaste to Wong DDS for $6,000. Sugimoto's cost is $1 per box. Payment terms are 1/5,n/30. Shipping terms are FOB Destination. On March 13, Wong returns 100 boxes of toothpaste because it does not have tamper proof packaging. Sugimoto cannot resell this toothpaste and must scrap it (throw it away). Prepare the journal entry for Wong to record the return. DR: CR: Prepare the journal entries for Sugimoto to record the return. DR: CR: DR: CR:

Answers

Prepare the journal entries for Sugimoto to record the return:DR: Accounts Receivable: $300CR: Inventory: $200CR: Cost of Goods Sold: $100.

On March 10, Wong DDS bought 2,000 boxes of toothpaste from Sugimoto Household Goods for $6,000. Sugimoto Household Goods has a cost of $1 per box. Payment terms are 1/5, n/30, and the shipping terms are FOB Destination. Now, we will prepare the journal entry to record Wong's purchase:DR: Accounts Receivable: $6,000CR: Sales Revenue: $6,000Wong DDS has bought 2,000 boxes of toothpaste, with payment terms of 1/5, n/30.

For recording Wong's purchase, we use the accounts receivable account to debit the entry, while the sales revenue account to credit the entry.Both the payment terms and shipping terms have to be understood. Here is an explanation of the terms:F.O.B. Destination:

In this case, Sugimoto Household Goods is responsible for the cost of the shipment and the risk of loss until the toothpaste arrives at Wong DDS's location.

Therefore, Wong DDS does not have to pay the shipping costs on the 2,000 boxes of toothpaste because the FOB destination has been set.1/5, n/30: Wong DDS has to pay for 2,000 boxes of toothpaste within 30 days of the sale.

However, if they pay for it within five days, they receive a 1% discount (also known as a cash discount).Prepare the journal entry to record Sugimoto's sale:DR: Cost of Goods Sold: $2,000DR: Freight Out: $40CR: Inventory: $2,000CR: Cash: $40The above journal entry is used to record the sale of 2,000 boxes of toothpaste by Sugimoto Household Goods.

Freight charges of $40 are paid in cash. Freight out and cost of goods sold accounts are debited, and inventory and cash accounts are credited. Freight out and cost of goods sold are recorded on the debit side, while inventory and cash are recorded on the credit side. Here is the calculation:$6,000 (2,000 boxes of toothpaste) - $40 (freight) - $2,000 (the cost of goods sold) = $3,960 (gross profit).

Prepare the journal entry to record the payment for shipping (freight):DR: Freight Out: $40CR: Cash: $40On March 13, Wong DDS returned 100 boxes of toothpaste because it lacked tamper-proof packaging. Sugimoto Household Goods cannot resell this toothpaste and must scrap it (throw it away).

Now we have to prepare the journal entry for Wong to record the return:DR: Sales Returns and Allowances: $300CR: Accounts Receivable: $300The accounts receivable account is debited and the sales returns and allowances account is credited to record the sales return for Wong DDS.

100 boxes of toothpaste (i.e. $300) were returned by Wong DDS since they did not have tamper-proof packaging.Prepare the journal entries for Sugimoto to record the return:DR: Accounts Receivable: $300CR: Inventory: $200CR: Cost of Goods Sold: $100.

The accounts receivable account is debited to record the return from Wong DDS. This is the account where the initial sale was recorded. The cost of goods sold account is credited with the cost of goods sold associated with 100 boxes of toothpaste ($1 * 100 boxes = $100), while the inventory account is credited with the cost of goods associated with 100 boxes of toothpaste ($2 * 100 boxes = $200).

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Final answer:

To record the transaction between Wong DDS and Sugimoto Household Goods, the journal entries would be: DR: Accounts Receivable - Wong DDS $6,000 and CR: Sales $6,000. For the return of toothpaste by Wong DDS, the journal entry would be: DR: Sales Returns and Allowances $300 and CR: Accounts Receivable - Wong DDS $300.

Explanation:

To record Wong DDS' purchase of 2,000 boxes of toothpaste from Sugimoto Household Goods for $6,000, the journal entry would be:

DR: Accounts Receivable - Wong DDS $6,000

CR: Sales $6,000


To record Sugimoto Household Goods' sale of 2,000 boxes of toothpaste to Wong DDS for $6,000, the journal entry would be:

DR: Cost of Goods Sold $2,000

DR: Inventory - Toothpaste $4,000

CR: Sales $6,000


To record the payment for shipping (freight) of $40, the journal entry would be:

DR: Freight Expense $40

CR: Cash $40

To record Wong DDS' return of 100 boxes of toothpaste, the journal entry would be:

DR: Sales Returns and Allowances $300

CR: Accounts Receivable - Wong DDS $300

To record the return of the 100 boxes of toothpaste and scrap it, the journal entries would be:


DR: Inventory - Toothpaste $100

CR: Cost of Goods Sold $100

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Assume that in 2018, a copper penny struck at the Philadelphia mint in 1796 was sold for $450,000. What was the rate of return on this investment? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

The rate of return on the penny investment in 1796, when sold for $450,000 in 2018, is 4.50 × 10⁹ %.

Penny's cost in 2018 = $450,000The year penny was struck = 1796Approach:We will calculate the rate of return as a percentage of increase in value, which will be obtained by dividing the total amount by the original amount and then multiplying it by 100.The rate of return is a financial ratio that calculates the net profit earned on an investment and is typically expressed as a percentage.So the rate of return can be determined by the formula:Rate of return = (Sale value - Cost price) / Cost price × 100.

Here, Sale value is the price the penny was sold for in 2018 and the cost price is the price at which it was initially sold.Solution:As per the given data,The cost of the penny in 1796 = 1 cent or $0.01 (assuming the face value of penny)The cost of the penny in 2018 = $450,000Thus, the rate of return can be calculated as follows:Rate of return = (Sale value - Cost price) / Cost price × 100=($450,000 - $0.01) / $0.01 × 100= 4,499,999,900% ≈ 4.50 × 10⁹ %Therefore, the rate of return on the penny investment in 1796, when sold for $450,000 in 2018, is 4.50 × 10⁹ %.

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Goshford company produces s single product and has the capacity to produce 100,000 units per month. The cost to produce its current sales of $80,000 units follow.
The regular selling price of the product is $100 per unit. Management is approached by a new customer who wants to purchase 20,000 units of the product for $75 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead, and no additional fixed selling and administrative expenses.
The customer is not in the company's regular selling territory, so there will be a $5 per unit shipping expense in addition to the regular variable selling and administrative expenses.
Per unit cost at 80,000 units
Direct materials $12.50 $1,000,000
Direct labor 15.00 1,200,000
Variable manufacturing overhead 10.00 800,000
Fixed manufacturing overhead 17.50 1,400,000
Variable selling and administrative expenses 14.00 1,120,000
Fixed selling and administrative exp 13.00 1,040,000
Totals = $82.00 = $6,560,000
1. Determine whether management should accept or reject the new business
2.What nonfinancial factors should management consider when deciding whether to take this order?

Answers

Management should accept the new business because the new business is expected to increase the profit of the company by $20,000 since the total revenue from the 20,000 units will be 1,500,000 ($75 x 20,000) and the total cost will be 1,480,000 ($82 x 20,000 + 100,000)

When deciding whether to accept this new business, management should consider nonfinancial factors that affect the reputation of the company, such as the future relationship with the new customer, the impact of the order on the current customers, and the reputation of the company.

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4) Reporting Year: August 1 to July 31 Fiscal Year BOPD Average Daily Production 8/01/79 to 130 7/31/80 8/01/80 to 35 7/31/81 8/01/81 to 30 7/31/82 The best fit of the production is a hyperbolic curve having a Qi of 200 BOPD, b = 0.5, and Di = 1.50/year on August 1, 1979. a) If the economic limit is 5 BOPD, what is the estimated month and year of abandonment? b) How much do you estimate will be produced from August 1, 1982 to abandonment? c) Oil in place is estimated to be approximately 856.960 barrels of oil. What is the recovery factor for this well?

Answers

Recovery Factor ≈ 0.0096

he hyperbolic decline equation is given by:

q = Qi / (1 + b * Di * t)^(1/b)

Cumulative Production = (200 / (0.5 * 1.50)) * ln(1 + 0.5 * 1.50 * (4108 -

The estimated month and year of abandonment can be determined by finding the point at which the production rate falls below the economic limit of 5 BOPD. Since the production follows a hyperbolic decline curve, we can calculate the time it takes to reach the economic limit using the given parameters. The hyperbolic decline equation is given by:

q = Qi / (1 + b * Di * t)^(1/b)

where q is the production rate, Qi is the initial production rate, b is the hyperbolic decline constant, Di is the initial decline rate, and t is the time.

By substituting the values Qi = 200 BOPD, b = 0.5, and Di = 1.50/year into the equation, we can solve for t when q = 5 BOPD. Solving the equation, we find:

5 = 200 / (1 + 0.5 * 1.50 * t)^(1/0.5)

Simplifying and solving for t gives:

(1 + 0.75 * t)^(1/0.5) = 40

(1 + 0.75 * t) = 40^2

1 + 0.75 * t = 1600

0.75 * t = 1599

t ≈ 2132 years

Since the reporting period is from August 1, 1979, we can add 2132 years to determine the estimated month and year of abandonment. The calculation gives us:

1979 + 2132 = 4108

Therefore, the estimated month and year of abandonment is approximately August 4108.

b) To estimate the production from August 1, 1982, to abandonment, we need to calculate the cumulative production during that period. The cumulative production can be obtained by integrating the hyperbolic decline equation. The integral of the hyperbolic decline equation is:

Cumulative Production = (Qi / (b * Di)) * ln(1 + b * Di * t)

By substituting the given values Qi = 200 BOPD, b = 0.5, Di = 1.50/year, and t = (4108 - 1982) years into the equation, we can calculate the cumulative production. Solving the equation, we have:

Cumulative Production = (200 / (0.5 * 1.50)) * ln(1 + 0.5 * 1.50 * (4108 - 1982))

Cumulative Production ≈ 8223 barrels

Therefore, the estimated production from August 1, 1982, to abandonment is approximately 8223 barrels.

c) The recovery factor represents the proportion of the total oil in place that can be recovered from the well. It is calculated by dividing the cumulative production by the estimated oil in place.

Recovery Factor = Cumulative Production / Oil in Place

Substituting the values Cumulative Production = 8223 barrels and Oil in Place = 856,960 barrels into the equation, we can calculate the recovery factor. The calculation gives us:

Recovery Factor = 8223 / 856,960

Recovery Factor ≈ 0.0096

Therefore, the recovery factor for this well is approximately 0.0096, which means that about 0.96% of the estimated oil in place can be recovered.

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Pearson Motors has a target capital structure of 45% debt and 55% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 11%, and its tax rate is 25%. Pearson's CFO estimates that the company's WACC is 11.80%. What is Pearson's cost of common equity? Do not round intermediate calculations. Round your answer to two decimal places. M Jarett & Sons' common stock currently trades at $20.00 a share. It is expected to pay an annual dividend of $1.25 a share at the end of the year (D₁ = $1.25), and the constant growth rate is 4% a year. a. What is the company's cost of common equity if all of its equity comes from retained earnings? Do not round intermediate calculations. Round your answer to two decimal places.

Answers

Pearson Motors' cost of common equity is 10.25% if all equity comes from retained earnings.

To calculate Pearson's cost of common equity, we can use the dividend growth model, also known as the Gordon growth model. The formula for the cost of equity (Ke) is as follows,

Ke = (D₁ / P₀) + g

Where:

D₁ = Expected dividend at the end of the year

P₀ = Current stock price

g = Constant growth rate

Given the following information for M Jarett & Sons:

D₁ = $1.25

P₀ = $20.00

g = 4% = 0.04

Substituting the values into the formula, we get:

Ke = ($1.25 / $20.00) + 0.04

Ke = 0.0625 + 0.04

Ke = 0.1025 or 10.25%

Therefore, if all of Pearson Motors' equity comes from retained earnings, the cost of its common equity is 10.25%.

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A coupon bond that pays interests half-yearly has a par value of $1,000, matures in 5 years, and has an annual yield to maturity of 5%. If the annual coupon rate is 8%, the bond's intrinsic value today will be

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"The intrinsic value of the coupon bond today is approximately $798.47." The intrinsic value of a bond refers to the present value of its future cash flows, including both periodic coupon payments and the final repayment of the bond's face value (par value) at maturity. It represents the theoretical fair value of the bond based on its expected cash flows and the prevailing market interest rates.

To calculate the intrinsic value of the coupon bond, we need to calculate the present value of its future cash flows, which include the semi-annual coupon payments and the par value received at maturity.

From question:

Par value (face value) of the bond (F) = $1,000

Maturity period (n) = 5 years

Annual yield to maturity (YTM) = 5%

Annual coupon rate (C) = 8%

Since the coupon payments are made semi-annually, we need to adjust the yield to maturity and coupon rate accordingly.

Semi-annual yield to maturity (ytm) = YTM / 2 = 5% / 2 = 2.5%

Semi-annual coupon rate (c) = C / 2 = 8% / 2 = 4%

Now we can calculate the intrinsic value using the present value formula:

Intrinsic Value = (Coupon Payment / (1 + ytm)¹) + (Coupon Payment / (1 + ytm)²) + ... + (Coupon Payment / (1 + ytm)²ⁿ⁻¹) + (Par Value / (1 + ytm)²ⁿ)

Where:

Coupon Payment = Par Value * Coupon Rate / 2

Let's calculate the intrinsic value-

Coupon Payment = $1,000 * 4% / 2 = $20 (semi-annual coupon payment)

n = 5 years, which means there are 5 * 2 = 10 semi-annual periods.

Intrinsic Value = ($20 / (1 + 2.5%)¹) + ($20 / (1 + 2.5%)²) + ... + ($20 / (1 + 2.5%)⁹) + ($20 / (1 + 2.5%)¹⁰) + ($1,000 / (1 + 2.5%)¹⁰)

Performing the calculations:

Intrinsic Value = ($20 / 1.025¹) + ($20 / 1.025²) + ... + ($20 / 1.025⁹) + ($20 / 1.025¹⁰) + ($1,000 / 1.025¹⁰)

Intrinsic Value ≈ $18.49 + $17.99 + $17.50 + $17.02 + $16.54 + $16.09 + $15.63 + $15.19 + $14.76 + $14.35 + $613.91

Intrinsic Value ≈ $798.47

Therefore, the intrinsic value of the coupon bond today is approximately $798.47.

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In partially intended change outcomes, with regard to the controlling function and shaping function, the change manager has the image of _____ and _____, respectively.

director; coachIncorrect

caretaker; nurturer

guide; teacher

navigator; interpreter

2.

By stressing the importance of values such as humanism, democracy, and individual development, organization development (OD) theory reinforces the image of a change manager as _____.

nurturerIncorrect

caretaker

coach

interpreter

Answers

In partially intended change outcomes, the change manager has the image of a director for the controlling function and a coach for the shaping function.

The director role implies that the change manager is responsible for setting objectives, making decisions, and ensuring that the change process stays on track. On the other hand, the coach role suggests that the change manager provides guidance, support, and assistance to individuals or teams during the change process.

In the context of organization development (OD) theory, the image of a change manager is reinforced as a nurturer. This means that the change manager emphasizes the importance of values such as humanism, democracy, and individual development. The nurturer role involves creating a supportive and empowering environment where individuals can grow, develop, and reach their full potential.

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(c) Raina Footwear Sdn Bhd (RFSB) is a company located in Johore and it manufactures footwear. RFSB is planning to expand its production lines to meet the extensive demand for its footwear in Malaysia

Answers

Expanding production lines can be a significant undertaking for any company, but it can also bring many benefits. By increasing its production capacity, RFSB can meet the demand for its products more efficiently and effectively.

This can help the company to increase sales revenue and profits, which can then be reinvested back into the business for further growth and development.

However, there are also potential challenges associated with expansion plans, such as increased costs, logistics, and management of resources. To mitigate these risks, RFSB should carefully consider its options and develop a comprehensive plan that includes market research, financial projections, and risk assessments. It's also important for the company to prioritize sustainability and ethical practices in its production processes, to ensure long-term success and positive impact on the environment and society.

Overall, expanding production lines can be a great opportunity for RFSB to grow and thrive in the Malaysian market, but it's important for the company to approach this expansion with careful planning and consideration.

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The account "Prepaid Rent" is classified as what type of account? Do not use extra words such as an. Only use the broad category

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The account "Prepaid Rent" is classified as a contra asset account.

A contra asset account is a type of account that is subtracted from its respective asset account on the balance sheet. In the case of "Prepaid Rent," it represents the portion of rent that has been paid in advance but has not yet been used or expired. It is recorded as an asset initially when the payment is made, and then gradually reduced as the rent is consumed or as time passes. By classifying it as a contra asset account, it reflects the reduction in the overall value of the asset (rent) over time as it is utilized.

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Once established, company cultures can be perpetuated by

relying on word-of-mouth indoctrination and the power of tradition to instill the culture's fundamentals, as well as infrequent reiteration of core values by senior managers and group members, and regular ceremonies dishonoring members who display desired cultural behaviors.

rewarding departments that observe cultural norms alone with above-average budget increases and penalizing those who don't with budget cuts constantly.

making adherence to cultural beliefs and cultural norms as the only defining features of the company's strategic vision.

having senior managers frequently reiterate core values, ethical standards, and the desired cultural behaviors in daily conversations, at company events, and internal communications to employees.

making cultural values and beliefs the only centerpiece of the company's competitive strategy.

Answers

Having senior managers frequently reiterate core values, ethical standards, and desired cultural behaviors in daily conversations, company events, and internal communications to employees.

Established company cultures can be perpetuated through the frequent reiteration of core values, ethical standards, and desired cultural behaviors by senior managers. This helps reinforce the cultural fundamentals and ensures that employees understand and internalize the culture. Regular communication through daily conversations, company events, and internal communications helps keep the culture alive and guides employees' behavior.

Word-of-mouth indoctrination and traditions can also play a role, but it is the active involvement of senior managers and consistent communication that truly perpetuates the culture. Ceremonies dishonoring members is not a typical approach, and solely focusing on cultural beliefs as the defining feature or using budget rewards and penalties alone may not effectively maintain the company culture.

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Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter paid $133,000 for 5,010 pounds, which they used to produce 4,780 units. What is the direct materials quantity variance?
A. $5,980 unfavorable
B. $8,580 unfavorable
C. $1,840 favorable
D. $2,740 unfavorable

Answers

The direct materials quantity variance is $5,980 unfavorable.Option A is the correct answer.

Direct materials quantity variance = (standard quantity of inputs allowed for actual output - actual quantity of inputs used) × standard price per unit Example: Calculation of direct materials quantity variance for Exeter manufacturing standard for each unit of output is 1 pound and it's standard price is $26 per pound. In July, Exeter purchased 5,010 pounds for $133,000, which they used to produce 4,780 units.

Determining the standard quantity:Standard quantity of direct material for 4,780 units is equal to 4,780 pounds (since standard is 1 pound per unit of output) Direct materials quantity variance = (4,780 - 5,010) × $26Direct materials quantity variance = -230 × $26 Direct materials quantity variance = -$5,980 unfavorable Therefore, the direct materials quantity variance is $5,980 unfavorable.Option A is the correct answer.

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Assuming the use of special journals, the sale of merchandise to Jerri Blackwell on account would be recorded in the:
a. sales journal.
b. accounts receivable journal.
c. cash receipts journal.
d. general journal.

Answers

The correct option is b. accounts receivable journal.

The accounts receivable journal is used to record all credit sales made by a company, where customers are allowed to purchase goods or services on account and pay at a later date. This journal is specifically designed to track the amounts owed to the company by its customers.

In accounting, special journals are used to record specific types of transactions in a systematic and efficient manner. These journals are designed to streamline the recording process by grouping similar transactions together. The purpose of using special journals is to simplify the bookkeeping process and improve the efficiency of recording and organizing transactions.

Based on the additional information, assuming the use of special journals, the sale of merchandise to Jerri Blackwell on account would be recorded in the sales journal.

The sales journal is used to record all credit sales made by a company. In other words, when a customer purchases goods or services on account (credit), the details of the transaction, such as the customer's name, date of the sale, description of the merchandise, and the amount, are recorded in the sales journal.

The accounts receivable journal, on the other hand, is used to record all transactions related to the accounts receivable, including credit sales, customer payments, and adjustments. While the accounts receivable journal does play a role in recording the collection of payments from customers, it is not the initial journal where the sale on account is recorded.

Therefore, the revised answer is:

a. sales journal.

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Beth Campbell works for ZoneXX Inc. in York, Ontario. Beth is going to receive a $6,000.00 performance bonus on her next pay for meeting her previous year objectives. The bonus is the first Becca has received this year and will be paid on a separate cheque. Becca claims code 1 on her federal and provincial TD1s. Her regular bi-weekly salary is $1,650.00 and she has a group term life insurance non-cash taxable benefit of $12.50 per pay. She will not reach the annual maximums for CPP contributions or El premiums with this payment. Use this information to answer questions 3-7. Calculate Becca's CPP contribution. Answer: 876.70

Answers

Beth Campbell's CPP contribution for the $6,000.00 performance bonus is $876.70. Here is the calculation:

Code snippet

CPP contribution = Bonus * CPP contribution rate

= $6,000 * 5.70%

= $876.70

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The CPP contribution rate is 5.70% for 2023.

The bonus is not subject to the basic exemption, which is $3,500 for 2023.

The bonus is also not subject to the annual maximum for CPP contributions, which is $64,900 for 2023.

Therefore, the entire $6,000.00 bonus is subject to CPP contributions.

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You founded a tire making company 10 year ago and have operated it since then. You believe it is now time to sell the company and spend your time in the Rocky Mountains. A potential buyer, without necessary capital to make a single payment, has proposed a payment structure to acquire the business. According to terms of the proposal, the buyer would make an immediate payment of $1,200,000 and then quarterly payments starting at the end of first quarter for 24 quarters. The first quarterly payment would be $260,000 and would increase at 2 percent per quarter. What is the total value of the business now as indicated by the proposal given your required return at 12 percent compounded quarterly?

Answers

The total value of the business is approximately $4,915,103.59.

To determine the total value of the business according to the proposal, we need to calculate the present value of the payment structure offered by the potential buyer.

Immediate payment: $1,200,000

Quarterly payments starting at the end of the first quarter for 24 quarters

First quarterly payment: $260,000

To calculate the present value, we need to discount each cash flow back to the present using the required return rate.

First, we calculate the present value of the immediate payment. Since it is made immediately, its present value is simply $1,200,000.

Next, we calculate the present value of the quarterly payments. Using the formula for the present value of a growing annuity, we find that the present value of the quarterly payments is approximately $3,715,103.59.

Finally, we add the present values of the immediate payment and the quarterly payments to get the total value of the business as indicated by the proposal. Therefore, the total value of the business is approximately $4,915,103.59.

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A manager must make a teethon on shippirio. There are two shippers. A and B. Both offer a two-day rate: A tor $502, and B fot 5520 . In addition, A offers a threstday fate of 5470 and a nine-day fate of $401, and B offers a four-clay fate of $455 and a sever-day rate of 5436. Annual hold ng costs are 39 percent of unit petce four hundred and ten boxes are to be shipped, and each box has a price of \$144. Which shipping alter totve Would yoe recomnend? (Round your intermediate calculations to 3 docimal pleces and final onswers to 2 decimal pleces.) (x) Answer is complete but not entirely dorrect. ship twoiday using A ship sevendidy usentre ship two-day using ship theen-day using A mp foul day using 0

Answers

The recommended shipping alternative is Option 2, using B's seven-day rate, as it has a lower total cost compared to Option 1.

In this scenario, we are comparing two shipping options: A's two-day rate and B's seven-day rate. We need to calculate the total costs for each option, considering the annual holding costs and the number of boxes to be shipped.

For Option 1, shipping using A's two-day rate, the total cost is calculated by multiplying the number of boxes, unit price, and holding cost percentage, and adding the shipping cost.

For Option 2, shipping using B's seven-day rate, the total cost is calculated in the same way.

After performing the calculations, we find that Option 2, shipping using B's seven-day rate, has a lower total cost compared to Option 1. Therefore, it is the recommended shipping alternative.

By selecting Option 2, the company can minimize its overall costs associated with shipping the 410 boxes. This decision takes into account the annual holding costs, unit price, and the different shipping rates offered by the two shippers.

Therefore, choosing B's seven-day rate provides a more cost-effective solution for the company and helps optimize its shipping operations.

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Question 4 (20 marks) A gold processing plant uses a thickener to thicken the material prior to leaching with cyanide. Survey done around revealed that about 87% of the solids in the thickener feed reports to the underflow while 90% of the water in the pulp reports to overflow. The overflow pulp volumetric flow rate is 380 m 3/hr and the pulp density is 1.33t/m 3. The solids density is 2.5t/m 3. Carry out mass and pulp balance of the thickener to determine; i. The mass of solids (on dry basis) entering the thickener ii. Mass of water entering the thickener Assume the following (1) selling price per unit = $30, (2) variable expense per unit = $18, and (3) total fixed expenses = $44,400. Given these three assumptions, the unit sales needed to achieve a target profit of $7,800 is: Multiple Choice 4,350 units. O 52,200 units. 64,350 units. 12,150 units FILL THE BLANK.Dome Metals has credit sales of $396,000 yearly with credit terms of net 45 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take the full 45 days to pay.a. What is the average receivables balance? (Use a 360-day year.)Average receivables balance = ___________________b. What is the receivables turnover? (Use a 360-day year.)Receivables turnover = ______________times You are a conservative investor who is considering investing in "Fly Away Films", a small film company. You like the intrinsic valuation approach and want to calculate Fly Away Films' weighted average deviation o. Interpret the results. (a) The confidence interval for the population variance is (Round to six decimal places as needed.) On 1 March 2025, Quality Furniture Importers acquires furniture from a supplier in New Zealand. The furniture is shipped f.o.b. from New Zealand on 1 September 2025. The cost of the furniture is NZD $800 000. The amount has not been paid at 30 September 2025 and exchange rates are as follows: O 1 September 2025 A$1.00 NZD $1.08 O 30 September 2025 A$1.00 NZD $1.06 Required: a) What is the amount payable at 1 September and 30 September 2025 in Australian dollars? (Rounded to the nearest whole A$.) (2 marks) ANSWER a): b) Did the Australian dollar strengthen or weaken? (1 mark) ANSWER b): c) Prepare the journal entries for the above dates showing the amount of exchange gain or loss. (4 marks) SHOW YOUR WORKINGS ANSWER C): HA3011 Final Assessment T1 2022 There is no impact on net income or comprehensive income under the fair value hedge, because the exchange loss on the forward contract is offset by an exchange gain on the commitment asset.Select one:TrueFalse Radon is a colorless and odorless radioactive gas that can accumulate in residential homes. High levels of exposure can lead to health problems. Radon levels are measured in units of picocuries per liter (pCi/L). The recommended radon level is less than 4pCi/L. A housing development has 103 residential homes. The homeowners association would like to estimate the average radon level in the development. Because it would be too expensive to measure every home, a random sample of 30 homes was selected to be tested, and the average radon level was found to be 1.2pCi/L. Assume from past studies the population standard deviation of radon levels in homes is 0.5pCi/L. Complete parts a and b below. a. Construct a 90% confidence interval to estimate the average radon level in the housing development. The 90% confidence interval to estimate the average radon level is 1pCi/LpCi/L). (Round to two decimal places as needed.) using the map key which rock formation are theyoungest rocks in the Klamaths? What is the most appropriate approach to measure theperformance of C&B Specialist? Why ? Comparing a linear PPF with a curved PPF, which of the following statements is true? A curved PPF illustrates that as you move inputs from the production of one good to the other, the opportunity cost is constant. Both the linear and curved production possibilities frontiers indicate increasing opportunity costs. A curved PPF means that as you move inputs from the production of one good to the production of the other, the opportunity cost decreases. With a linear PPF, the opportunity cost as you move inputs from the production of one good to the other remains constant A study is being conducted to determine whether there is a relationship between jogging and blood pressure. A random sample of 250 subjects is selected, and they are classified as shown in the following table. At = 0.10, test the claim that jogging and blood pressure are not related. (apply Chi-square independent test) Blood Pressure Jogging Status Low Moderate High Joggers 44 77 31 Non-joggers 15 63 20 (a) State the null and alternative hypothesis. (b) Calculate the test statistic. State your conclusion about the hypothesis based on the test statistic and critical value. this granted the u.s. president broad military powers in vietnam. why to maintain unemployment in capitalist economy ? pleaseanswer in 5000 words What are the mysteries of the Cahokia and Teotihuacn Hurricane damage: In August and September 2005, Hurricanes Katrina and Ruta caused extraordinary flooding in New Orleans, Louisiana. Many homes were severely damaged or destroyed, and of those that survived, many required extensive cleaning. It was thought that cleaning flood-damaged homes might present a health hazard due to the large amounts of mold present in many of the homes. In a sample of 30 residents of Orleans Parish who had participated in the deaning of one or more homes, 67 had experienced symptoms of wheezing, and in a sample of 180 residents who had not participated in the deaning, 40 reported wheezing symptoms (numbers read from a graph). Please choose the best option below that is an example of a piece-rate plan. $20 for each hour of work $2 for each unit produced productivity bonus commission paying employees based on number of skills Please choose the statement below that is most accurate about the concept of gainsharing. Gainsharing focuses on productivity gains rather than profits. Gainsharing involves paying employees based on the number of new skills acquired by them in a specific time period. Gainsharing does not distribute profits, only gains in profits. Employees working under gainsharing plans have a greater feeling of psychological ownership. Gain sharing encourages social loafing. When you are establishing the time frame for your research plan,how much historical data should you be gathering? On December 31, Lopez Company has the following list of account balances. O Accounts Payable O Accounts Receivable Accumulated Depreciation. Equipment Accumulated Depreciation, Buildings 0 O Advertising Expense O Beginning Retained Earnings O Buildings O Capital Stock O Cash O Dividends $ 65,000 34,900 16,800 $7,400 5,800 99,000 114,000 38,700 56,800 12,400 Dollar amount of Total Current Liabilities: Equipment O Service Revenue O Legal Expense SO Note Payable, due in two. years. O Prepaid Rent O Rent Expense O Salaries Expense O Salaries Payable O Supplies O Supplies Expense 0 $ 54,500 32,500 10,000 Required: Compute the dollar amount of the total Current Liabilities as it would appear on the December 31 balance sheet. 14,000 15,900 6,000 7,700 9,700 13,700 1,400 E Suppose a stock price may go up or down weekly and the probability of a stock going up in a week is equal to 0.6. Suppose there are two stocks which may go up or down independently. Find the probability of both stock going up in two consecutive week.