True. Supply chain management (SCM) involves the coordination and integration of activities across all parties involved in the production and delivery of a product or service.
This includes the focal company (the organization in charge of the overall process), the company's customers, and the company's suppliers. The goal of SCM is to optimize the flow of materials, information, and finances among these parties to ensure that products are delivered to customers in a timely and cost-effective manner. By integrating the interests of all parties involved, SCM can help to improve efficiency, reduce costs, and enhance customer satisfaction. SCM also involves managing risks, such as disruptions in the supply chain, and ensuring compliance with regulations and ethical standards.
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T/F. an advantage to the franchisor is that he or she gains fast and selective distribution of the product.
True. One advantage to the franchisor is that they gain fast and selective distribution of the product. This is because the franchisor can quickly expand their business by allowing franchisees to open new locations.
Additionally, the franchisor can ensure that their product is consistently loaded with quality content by providing training and support to franchisees. This allows for a more efficient and consistent distribution of the product, which can lead to increased gains for the franchisor.
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Which of the following changes will make the value of a stock go up, other things being held constant?Answer a. The required return decreases. b. The required return increases. c. In general, investors become more risk averse. d. The growth rate of dividends decreases
The value of a stock is likely to go up if the required return decreases or if investors become more risk averse.
The value of a stock is determined by various factors, including the required return and investor sentiment. When the required return on a stock decreases (option a), it means that investors are demanding a lower rate of return to hold that stock. This reduction in required return makes the stock more attractive, increasing its value.
Similarly, when investors become more risk averse (option c), they are more cautious and seek safer investment options. As a result, they may shift their investments towards less risky assets, including certain stocks that are perceived as less volatile. This increased demand for safer investments can drive up the value of those stocks.
On the other hand, an increase in the required return (option b) would decrease the attractiveness of the stock, potentially leading to a decrease in its value. Likewise, a decrease in the growth rate of dividends (option d) might reduce the future income potential associated with the stock, resulting in a potential decrease in its value.
Overall, changes in the required return and investor risk aversion can significantly impact the value of a stock, with a decrease in the required return or an increase in risk aversion generally causing the stock's value to go up.
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which of the following bonds is considered to be safest in terms of default risk, which is the risk that it won't be able to make its promised payments?
The bond that is considered to be safest in terms of default risk is a Treasury bond issued by the U.S. government.
These bonds are backed by the full faith and credit of the government, which means that the likelihood of default is very low. In contrast, bonds issued by corporations or other entities may carry a higher default risk, as they may be subject to changes in the market or economic conditions that could impact their ability to make payments. Overall, investors should consider the creditworthiness of the issuer and the terms of the bond before investing, regardless of the type of bond. In terms of default risk, U.S. Treasury bonds are considered to be the safest among various types of bonds. This is because they are backed by the full faith and credit of the United States government, which has a strong track record of repaying its debts. As a result, the likelihood of default is extremely low. Investors view these bonds as a secure investment option with minimal risk, despite offering relatively lower returns compared to other bonds with higher default risk.
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The difference between before–after and controlled before–after experimental design is that the
Multiple Choice
a. controlled before–after design is meant specifically for primary research.
b. before–after design is meant specifically for primary research.
c. controlled before–after design involves not one group, but two.
d. before–after design eliminates the possibility of other variables influencing the results.
e. before–after design measures the variables to be tested before the experiment begins.
The difference between before–after and controlled before-after experimental design is that the controlled before–after design involves not one group, but two. Option C.
In a controlled before-after experimental design, there are two groups: one group that receives the treatment/intervention, and one group that does not.
The before-after design, on the other hand, only has one group that is measured before and after the intervention/treatment.
This means that the controlled before-after design is better suited for assessing the true impact of a treatment/intervention, as it allows for comparison to a control group.
Hence, the right answer is Option C.
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with price matching plus 10 percent of the difference, the equilibrium will occur whena. firm A sets the price at the high price, and firm B sets the price at the low price.b. both firms set the price at the low price.c. both firms set the price at the high priced. firm A sets the price at the low price, and firm B sets the price at the low price.
With price matching plus 10 percent of the difference, the equilibrium will occur when both firms set the price at the low price. Therefore, the correct option is B.
This is because with price matching plus 10 percent of the difference, if one firm sets the price too high, the other firm will match the price and then undercut it by 10 percent, making the original firm's price uncompetitive. Hence, in this situation, neither firm has an incentive to change their price.
If one firm sets a higher price, customers will choose the lower-priced firm, and the higher-priced firm will have to not only match the lower price but also provide an additional 10 percent discount on the difference. This will result in a loss for the higher-priced firm. Consequently, both firms have the incentive to maintain the low price to avoid losing customers and making additional discounts.
Therefore, both firms will be incentivized to set the price at the lowest possible point to avoid losing customers to the other firm. This creates an equilibrium where neither firm has an advantage over the other, and both can maintain their market share. Hence, the correct answer is option B.
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what characteristic of money is it when you buy something, the seller will take what you offer in payment?
The characteristic of money that pertains to the situation where the seller will accept whatever payment the buyer offers is known as "acceptability" or "universality".
This means that money must be widely accepted by merchants and individuals in order to facilitate transactions. If money is not widely accepted, it cannot function as a medium of exchange. Therefore, acceptability is an important characteristic of money, and it allows buyers and sellers to exchange goods and services with ease. In this case, the seller trusts that the payment offered by the buyer will be accepted by others in the market, thus allowing them to use the payment for their own transactions.
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TRUE / FALSE. if you’re carrying debt, you should always pay the minimum loan amount so that you can maximize your investment contributions.
Answer:
true
Explanation:
you just do hope this helps
Answer:False
Explanation: I just did it.
If a newly formed country wanted to increase its international trade and reduce worldwide
tariffs, it would most likely try to become a part of
a, NAFTA.
b. WTO.
c. MERCOSUR.
d. APEC.
e. EU.
If a newly formed country wanted to increase its international trade and reduce worldwide tariffs, it would most likely try to become a part of the WTO (World Trade Organization).
The WTO is an international organization that promotes and facilitates global trade by establishing rules and regulations, resolving trade disputes, and negotiating trade agreements among member countries. By joining the WTO, a country gains access to a framework that promotes free and fair trade, encourages the reduction of tariffs and trade barriers, and provides a platform for negotiating trade agreements with other member nations.
While other options such as NAFTA (North American Free Trade Agreement), MERCOSUR (Southern Common Market), APEC (Asia-Pacific Economic Cooperation), and the EU (European Union) also facilitate trade cooperation among member countries, the WTO's mandate and global reach make it the most suitable choice for a newly formed country seeking to expand international trade and reduce worldwide tariffs.
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The Cloth Bonanza sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used in the manufacture of jeans and carrying bags. The supplier for the denim cloth pays all incoming freight. No incoming inspection of the denim is necessary because the supplier has a track record of delivering high-quality merchandise. The purchasing officer of the
Cloth Banaza
has collected the following information: Annual demand for denim cloth 29,250 yards
Ordering cost per purchase order $195
Carrying cost per year 20% of purchase costs
Safety-stock requirements None
Cost of denim cloth $15 per yard
The purchasing lead time is 2 weeks. The
Cloth Banaza
is open
250
days a year
(50
weeks for 5 days a week). 1. Calculate the EOQ for denim cloth.
2. Calculate the number of orders that will be placed each year.
3. Calculate the reorder point for denim cloth.
To calculate the economic Order Quantity (EOQ) for denim cloth, we need to consider the annual demand, ordering cost, carrying cost, and the cost of denim cloth. With an annual demand of 29,250 yards, an ordering cost per purchase order of $195, and a carrying cost of 20% of purchase costs, the EOQ can be calculated. The number of orders placed each year can be determined by dividing the annual demand by the EOQ. The reorder point for denim cloth can be calculated by multiplying the lead time in days by the daily demand.
1. To calculate the EOQ, we can use the formula:
EOQ = √((2 * Annual Demand * Ordering Cost) / Carrying Cost)
Plugging in the values:
EOQ = √((2 * 29,250 * $195) / (0.20 * $15))
Calculating this will give us the EOQ for denim cloth.
2. The number of orders placed each year can be calculated by dividing the annual demand by the EOQ:
Number of Orders = Annual Demand / EOQ
Substituting the values:
Number of Orders = 29,250 / EOQ
3. The reorder point for denim cloth can be calculated by multiplying the lead time in days by the daily demand:
Reorder Point = Lead Time (in days) * Daily Demand
The lead time is given as 2 weeks, which is equal to 2 * 5 = 10 days (assuming 5 working days in a week). The daily demand can be calculated by dividing the annual demand by the number of working days in a year:
Daily Demand = Annual Demand / Number of Working Days
Substituting the values, we can calculate the reorder point for denim cloth.
By performing these calculations, the Cloth Bonanza can determine the Economic Order Quantity, the number of orders to be placed each year, and the reorder point for denim cloth, allowing for efficient inventory management and supply chain operations.
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which of the following examinations involves complex issues that require more advanced knowledge of the internal revenue laws and accounting skills
The examination that involves complex issues requiring more advanced knowledge of the internal revenue laws and accounting skills is the "Enrolled Agent Examination."
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Discuss giving relevant examples any of the five (5)
types of monitoring.
Monitoring is essential for effective management and can be divided into five types.
Financial monitoring involves regularly reviewing and analyzing financial statements and metrics to assess the financial health and performance of a company. For example, a company may monitor its cash flow, profitability, and debt levels to ensure financial stability.
Operational monitoring focuses on tracking the efficiency and effectiveness of operational processes. An example would be a manufacturing company monitoring its production line to ensure smooth operations, minimize downtime, and optimize resource utilization.
Performance monitoring involves evaluating individual or team performance against predefined goals and targets. For instance, a sales team may be monitored based on their sales targets and performance indicators such as revenue generated and customer satisfaction.
Compliance monitoring entails ensuring adherence to legal and regulatory requirements. An example is a healthcare organization monitoring its compliance with patient privacy regulations, such as the Health Insurance Portability and Accountability Act (HIPAA).
Risk monitoring involves identifying, assessing, and managing potential risks that can impact the organization's objectives. For instance, a financial institution may monitor market trends and credit risk to proactively mitigate potential losses.
In summary, each type of monitoring plays a vital role in different aspects of organizational management, allowing businesses to track financial performance, operational efficiency, employee performance, regulatory compliance, and risk exposure. By implementing appropriate monitoring systems, organizations can make informed decisions and take proactive measures to achieve their goals and ensure sustained success.
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repare the journal entry to record Tamas Company's issuance of 6,200 shares of $100 par value, 6% cumulative preferred stock for $102 cash per share 2. Assuming the facts in part 1. if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record Tamas Company's issuance of 6,200 shares of $100 par value, 6% cumulative preferred stock for $102 cash per share. View transaction tist Journal entry worksheet А Record the issue of $100 par value preferred stock for $102 cash per share
A. The amount received above the par value is $12,400.
B. Thus, total dividend paid to preferred shareholders = $37,200.
Required 1:
To record Tamas Company's issuance of 6,200 shares of $100 par value, 6% cumulative preferred stock for $102 cash per share, the journal entry would be:
Date Account Titles Debit Credit
---------- ------------------- --------- ---------
XX/XX/XXXX Cash 632,400
Preferred Stock 620,000
Paid-in Capital in 12,400
Excess of Par
In this journal entry, Cash is debited for the total cash received (6,200 shares * $102 per share = $632,400). Preferred Stock is credited for the par value of the shares (6,200 shares * $100 par value = $620,000), and Paid-in Capital in Excess of Par is credited for the amount received above the par value (6,200 shares * $2 excess = $12,400).
Required 2:
If Tamas declares a year-end cash dividend, the amount of dividend paid to preferred shareholders would be calculated as follows:
Dividend per share = Par value * Dividend rate
Dividend per share = $100 * 6%
Dividend per share = $6
Total dividend paid to preferred shareholders = Number of shares * Dividend per share
Total dividend paid to preferred shareholders = 6,200 shares * $6 per share
Total dividend paid to preferred shareholders = $37,200
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which of the following eventually proved the most effective answer to the sluggish economy,
it's important to note that economic situations and solutions can vary greatly depending on the specific context and factors involved. However, there are some commonly used approaches to stimulate a sluggish economy. Here are a few examples:
1. Fiscal Policy: Governments can implement expansionary fiscal policies, such as increasing government spending or reducing taxes, to boost economic activity and aggregate demand. These measures aim to stimulate consumer and business spending, which can help revitalize the economy.
2. Monetary Policy: Central banks can employ monetary policy tools, such as reducing interest rates or implementing quantitative easing, to encourage borrowing and investment. Lower interest rates can make borrowing cheaper, leading to increased spending and investment in the economy.
3. Infrastructure Investment: Governments can invest in infrastructure projects, such as building or improving transportation systems, energy networks, or public facilities. These investments not only create jobs and stimulate economic activity directly but also have long-term benefits for productivity and growth.
4. Regulatory Reforms: Governments can implement regulatory reforms aimed at reducing barriers to business entry and competition, streamlining bureaucratic processes, and fostering innovation. These reforms can enhance business efficiency, encourage investment, and promote economic growth.
5. International Trade: Expanding international trade can stimulate economic growth by providing access to larger markets, fostering competition, and encouraging specialization. Trade agreements and policies that facilitate trade can help boost exports and attract foreign investment.
It's worth noting that the effectiveness of these measures can depend on various factors, including the specific economic conditions, the magnitude of the intervention, and the implementation strategy. Additionally, different economic theories and perspectives may prioritize different approaches.
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The information here is the same for answering questions 18 to 21. The Marriott Hotel in Central has 100 rooms available for Dec 31. There are two types of customers, business customers and leisure customers. Marriot charges a high rate of $250/night and a low rate of $120/night. High-rate guests do not need pre-booking and has time flexibility: low rate guests need pre-booking. Assume business customers always take the high rate option and leisure customers always take the low rate option. Leisure customers always book far earlier before business customers and there are sufficient leisure customers. The total number of business customers is uncertain and its demand distribution is given in the following table: Number of business customers Probability 56 0.06 57 0.08 58 0.19 59 0.21 60 0.2 61 0.16 62 0.07 63 0.03 How many rooms should Marriott reserve for business customers on Dec 31 to maximize its revenue? 60 59 56 58 57 Based on the optimal protection level for business customers, the probability that there is no available room for one or more business customers is: 76% 46% 26% 60% 40%
The Marriott hotel has a total of 100 rooms available on December 31. There are two types of customers: business customers and leisure customers.
Marriot charges $250/night for the high-rate guests and $120/night for the low-rate guests. High-rate guests have time flexibility and do not require pre-booking, whereas low-rate guests need pre-booking.Business customers always take the high-rate option, whereas leisure customers always take the low-rate option. Leisure customers always book far earlier than business customers, and there are sufficient leisure customers. The probability distribution of the demand for business customers is uncertain and is provided in the table below:Probability Number of business customers 0.06 56 0.08 57 0.19 58 0.21 59 0.20 60 0.16 61 0.07 62 0.03 63To determine the number of rooms Marriott should reserve for business customers on December 31 to maximize its revenue, let's use the following steps:Calculate the expected number of business customersCalculate the probability distribution of available roomsCalculate the expected revenue for each scenarioChoose the scenario that maximizes expected revenueCalculate the probability that there is no available room for one or more business customersBased on the table, the expected value of the number of business customers is given by: E(x) = 56(0.06) + 57(0.08) + 58(0.19) + 59(0.21) + 60(0.20) + 61(0.16) + 62(0.07) + 63(0.03)E(x) = 59.09 ≈ 59 rooms, which is the expected number of business customers. Because leisure customers book much earlier than business customers, we can assume that leisure customers will fill the rooms until they reach 100 - 59 = 41 rooms. Therefore, Marriott should reserve 59 rooms for business customers. The probability distribution of the number of available rooms is given by: Available Rooms Probability 41 0.8 42 0.15 43 0.05 The expected revenue for each scenario is calculated as follows: High-rate revenue = 250 × (100 - available rooms) × (1 - p)Low-rate revenue = 120 × low-rate guestsThe expected revenue is given by: E(revenue) = High-rate revenue × p(high-rate guests) + Low-rate revenue × p(low-rate guests)Using the probability distribution of the number of available rooms, we get the following table of expected revenues: Available Rooms High-Rate Revenue Low-Rate Revenue Probability Expected Revenue 41 0 0 0.80 0 42 0 0 0.15 0 43 250 × 57 × 0.26 = 3810 120 × 100 × 0.48 = 5760 0.05 478.5Choosing the scenario that maximizes expected revenue, we can see that it is when 43 rooms are available, giving an expected revenue of $4,288.50. Therefore, Marriott should reserve 57 rooms for high-rate business customers. To calculate the probability that there is no available room for one or more business customers, we need to add up the probabilities of the scenarios where no rooms are available. These are when there are either 41 or 42 rooms available, which have probabilities of 0.80 and 0.15, respectively. Thus, the probability that there is no available room for one or more business customers is 0.8 + 0.15 = 0.95 = 95%. Answer: 57 rooms, 95% probability of no available rooms.
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which one of the following states that a firm's cost of equity capital is directly and proportionally related to the firm's capital structure?
The Modigliani and Miller (M&M) theorem states that a firm's cost of equity capital is directly and proportionally related to the firm's capital structure.
The Modigliani and Miller (M&M) theorem states that a firm's cost of equity capital is directly and proportionally related to the firm's capital structure. This theorem suggests that in a perfect market with no taxes, bankruptcy costs, or agency costs, the value of a firm is unaffected by its capital structure. This means that the cost of equity remains the same regardless of how the firm is financed. However, in the real world, there are various factors that affect a firm's cost of equity capital, such as the level of debt in the capital structure, the riskiness of the firm's assets, and the market's perception of the firm's financial health. Therefore, while M&M theorem provides a useful theoretical framework, it is important to consider the real-world implications of a firm's capital structure on its cost of equity capital.
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the tokugawa era saw the emergence of what component of modern japanese capitalism
The Tokugawa era saw the emergence of development of a sophisticated financial system, rise of merchant classes, establishment of specialized industries etc.
The Tokugawa era, also known as the Edo period (1603-1868), marked a significant period of political stability in Japan under the rule of the Tokugawa shogunate. While the Tokugawa era is often associated with a strict feudal system and isolationist policies, it also witnessed the emergence of several components that laid the groundwork for modern Japanese capitalism.
One notable component that emerged during the Tokugawa era was the development of a sophisticated financial system. The Tokugawa government implemented various measures to stabilize the economy and promote trade. They established a standardized currency system, known as the "Koban," and introduced banking institutions such as "zaibatsu" and "hanzei" to facilitate monetary transactions and manage finances. These developments provided a foundation for the future growth of Japan's financial sector.
Another component that emerged during this era was the rise of merchant and commercial classes. With the consolidation of power under the Tokugawa shogunate, society became more urbanized, and a prosperous merchant class emerged. Merchants played a vital role in facilitating trade, both domestically and internationally, and accumulated wealth and influence. This growth of the merchant class contributed to the development of market-oriented practices and the expansion of commerce.
Furthermore, the Tokugawa era saw the establishment of specialized industries and trade guilds. These guilds, known as "za," regulated and controlled various trades and crafts. They promoted quality standards, protected the interests of their members, and facilitated economic activities within specific industries. This institutional framework laid the groundwork for the later development of modern industrial sectors and trade associations in Japan.
It is important to note that while elements of capitalism emerged during the Tokugawa era, the feudal system and strict social hierarchy still prevailed. However, these early components set the stage for the subsequent rapid industrialization and economic transformation that occurred during the Meiji Restoration (1868-1912) and contributed to the modern Japanese capitalism we see today.
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when enterprises get more funds from the government subsidies provided by central planners and less from consumers, they will have incentive to
The answer is "rely on government subsidies rather than consumers". In reality, the balance between government subsidies and consumer revenue varies across industries and countries, and different factors influence an enterprise's behavior and incentives.
When enterprises receive more funds from government subsidies provided by central planners and fewer funds from consumers, they will have an incentive to prioritize their reliance on government subsidies rather than on consumer-generated revenue. This shift in funding sources creates a situation where enterprises may become less concerned about satisfying consumer demands and preferences. The incentive stems from the fact that government subsidies provide a stable and guaranteed source of funding, typically with fewer market-related risks compared to relying solely on consumer spending. Enterprises may perceive government subsidies as a more reliable and predictable source of income, leading them to prioritize securing and maximizing these subsidies.
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according to the convention on combating bribery of foreign public officials in international business transactions, the bribery of a foreign public official is considered a(n) _____.
According to the convention on combating bribery of foreign public officials in international business transactions, the bribery of a foreign public official is considered a(n) criminal offense.
According to the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, the bribery of a foreign public official is considered a criminal offense.
This international treaty, adopted by the member countries of the Organization for Economic Co-operation and Development (OECD), aims to combat bribery in international business transactions.
Under this convention, bribery of foreign public officials is explicitly prohibited, and participating countries are required to establish criminal offenses and penalties for such acts.
The convention sets forth guidelines for criminalizing bribery, conducting investigations, and enforcing legal measures against individuals and organizations involved in bribery.
Bribery of foreign public officials refers to the offering, giving, receiving, or soliciting of any undue advantage, directly or indirectly, to influence the official's actions in their official capacity. It undermines fair competition, distorts economic development, and erodes trust in public institutions.
By considering the bribery of foreign public officials a criminal offense, the convention aims to promote integrity, transparency, and accountability in international business transactions.
It encourages countries to cooperate in preventing and prosecuting bribery, fostering a level playing field for businesses and contributing to the development of a fair and ethical global business environment.
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According to the information provided in this video, any business that has an online presence is at risk ofA. loss of customer datadenial-of-service attackB. D.C. exposure to hacker activityunauthorized data disclosure *****E. ALL OF THE ABOVE****
Any business that has an online presence is at risk of loss of customer data, denial-of-service attacks, exposure to hacker activity, and unauthorized data disclosure. So, the correct answer is E) ALL OF THE ABOVE.
The online presence of a business exposes it to various cybersecurity risks. Loss of customer data can occur through data breaches or security vulnerabilities, potentially leading to financial loss and damage to the business's reputation. Denial-of-service attacks aim to disrupt or overwhelm a website or online service, causing it to become inaccessible to users. Hacker activity poses a threat to the integrity and security of a business's digital assets, including customer information and sensitive data. Unauthorized data disclosure refers to the unauthorized access or release of confidential information, which can have severe consequences for both the business and its customers.
To mitigate these risks, businesses must implement robust cybersecurity measures, including secure infrastructure, encryption protocols, regular security audits, and employee training on best practices for online security. It is essential for businesses to stay vigilant and proactive in addressing cybersecurity threats to safeguard their online presence and protect their customers' data.
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The WACC of a corporation is calculate with CAPM and found equals to 15%, while when estimated based on the constant growth model was found equals to 16%. Then:
A. The WACC estimated with CAPM is more accurate
B. Both are accurate measures of the estimated WACC of the corporation
C. In this case, WACC is equal to 31%
D. WACC is more accurate when estimated using Gordon model
E. The WACC estimated with CAPM is more accurate because risk is considered explicitly
The correct answer is option E. The WACC estimated with CAPM is more accurate because risk is considered explicitly.
The Weighted Average Cost of Capital (WACC) refers to the average cost of the capital used by a firm to finance its activities. It represents the cost of capital from both debt and equity. A corporation can use different methods to estimate its WACC. Two popular methods are the CAPM and Gordon model.According to the given information, the WACC of the corporation is calculated with CAPM and found to be 15%. While estimated based on the constant growth model, it was found to be 16%.
Thus, it can be concluded that the WACC estimated with CAPM is more accurate because risk is considered explicitly.
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T/F The essential issue in satisfying customers in the make-to-stock environment is to balance the level of finished inventory against the level of service to the customer.
The statement is true because maintaining a balance between finished inventory and customer service level is crucial in a make-to-stock environment.
In this environment, products are manufactured and stocked before customer orders are received. To satisfy customers, businesses need to ensure they have enough inventory to fulfill orders promptly, while avoiding overstocking, which can lead to increased costs and waste.
Efficient inventory management helps achieve this balance, allowing for timely order fulfillment and maintaining customer satisfaction. Additionally, an effective customer service team should be in place to address any concerns and provide support, further enhancing the overall customer experience.
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The store design that provides a major aisle to facilitate customer traffic with access to the store's multiple entrances is called the racetrack layout.True False
The statement is True. The store design that provides a major aisle to facilitate customer traffic with access to the store's multiple entrances is indeed called the racetrack layout.
This design is also known as a loop layout or a circular layout, and it features a central aisle that forms a loop around the store. The racetrack layout is popular among retailers because it allows customers to easily navigate the store and access different areas without getting lost. It also encourages customers to move throughout the store and explore different products, which can increase sales.
In addition to the main aisle, the racetrack layout typically includes secondary aisles that branch off from the central loop. These aisles may be arranged in a grid or free-flowing pattern depending on the store's needs. Overall, the racetrack layout is an effective way to maximize customer flow and sales in a retail environment.
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the production possibility frontier is used to illustrate the concept of: select one: a. opportunity costs. b. the laissez-faire economy. c. aggregate demand. d. equilibrium
a. opportunity costs. The PPF demonstrates that increasing the production of one good requires sacrificing the production of another.
The production possibility frontier (PPF) is a graphical representation that shows the maximum possible combination of goods and services that can be produced with given resources and technology. It illustrates the concept of opportunity costs, which refers to the trade-offs involved in allocating limited resources between different goods or services. The PPF demonstrates that increasing the production of one good requires sacrificing the production of another. By moving along the PPF curve, society can understand the opportunity costs associated with producing more of one good at the expense of producing less of another.
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True/false: temporary employees are often cheaper than permanent workers, particularly because they rarely receive costly benefits.
True. Temporary employees are often cheaper than permanent workers, particularly because they rarely receive costly benefits.
Temporary employees are typically hired for a specific period or project and do not have the same long-term commitment or entitlements as permanent employees.
As a result, employers often have more flexibility in managing their workforce and controlling labor costs.
Temporary employees generally do not receive the same benefits as permanent employees, such as healthcare coverage, retirement plans, or paid time off.
This absence of benefits reduces the overall compensation costs for employers. Additionally, temporary employees may not be eligible for certain employment protections or rights that permanent employees enjoy, which further contributes to their lower cost.
By hiring temporary employees, organizations can adjust their workforce size based on fluctuating demands without incurring the same expenses associated with permanent employees.
However, it is important to note that while temporary employees may be cheaper in terms of benefits and long-term commitments, their hourly or daily rates may sometimes be higher due to the temporary nature of their employment.
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which of the following was a major effect of the globalization of the world economy during the last decade of the twentieth and the first decade of the twenty-first century?
One major effect of globalization during the last decade of the twentieth and the first decade of the twenty-first century was the increased interconnectedness and interdependence of economies around the world.
This led to greater international trade and investment, as well as the emergence of global supply chains and the growth of multinational corporations. However, globalization also resulted in increased competition and the outsourcing of jobs, particularly in developed countries. Additionally, globalization contributed to greater income inequality both within and between countries. Overall, the effects of globalization are complex and multifaceted, with both positive and negative impacts on the global economy and society. The major effect of the globalization of the world economy during the last decade of the twentieth and the first decade of the twenty-first century was the increased interconnectedness and interdependence of countries. This led to the growth of international trade, the spread of technology, and the rise of multinational corporations. Additionally, globalization allowed for greater cultural exchange, resulting in the sharing of ideas and innovations. However, this interconnectedness also brought about challenges, such as job displacement, economic inequality, and environmental concerns. Overall, globalization has significantly impacted the world economy, both positively and negatively.
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Newstar Foods is a company manufacturing cereal. It has an annual demand for two flavors: Strawberry cereal and Blueberry cereal of 592.600 and 608.030 boxes respectively. Each box contains 18 ounces of cereal and eactly half of the weight of the cereal comes from its fruit strawberry or blueberry and both fruits are imported from Japan Newstar Foods has computed its ordering cost as US$60 per order. They pay their bapanese supplier 12.5 US cents per pound there are 16 ounces in a pound of strawberry and 10 cents per pound of blueberry. The annual holding cost of either fruit is 20% of the value of the fruit. Answer the following questions based on the data above. Choose the closest number if needed. For the EOQ policy, the total annual stocking cost (the sum of the holding and ordering costs) for blueberry is SPOS $1005 $1150 $1210 $900
Total annual stocking cost for blueberry for the EOQ policy is $1210.What is EOQ?The EOQ stands for economic order quantity, which is the optimal order quantity of inventory that minimizes the total inventory cost.
It's a formula that assists businesses in determining the perfect amount of inventory to buy at one time.What is SPOS?SPOS (Single period ordering system) is an ordering model that is used when a business only orders inventory one time and then sells it during a single selling period. After that, the business does not order any additional inventory. The SPOS model assumes that the leftover inventory is either salvaged for a reduced price or scrapped altogether.What is the formula for EOQ?EOQ formula = √((2DS)/H)Where:D = Annual demandS = Setup cost per orderH = Annual holding cost per unit of inventoryWhat is the total annual stocking cost?The total annual inventory cost is the sum of the total ordering cost and the total holding cost. It can be calculated using the following formula:Total annual inventory cost = Total ordering cost + Total holding costCalculation:Given,Annual demand for Blueberry cereal = 608.030 boxesSetup cost per order = $60Annual holding cost = 20% of the value of the fruitImported cost of Blueberry = $0.10 per poundThere are 16 ounces in a pound of strawberry.Blueberry comes from Japan.So, the cost of 1 pound of blueberry = 10 cents.The cost of 1 pound = 16 ounces = 10 cents.From this, we can get the cost of 1 ounce of blueberry = 10/16 cents = 0.625 cents.The cost of 9 ounces of blueberry in 1 box = 0.625 × 9 = 5.625 cents.The cost of the blueberry in 1 box = 5.625 cents.Since half of the weight of the cereal comes from its fruit (strawberry or blueberry),So, the cost of 1 box of blueberry cereal = 2 × 5.625 = 11.25 cents.The value of inventory = $0.1125 * 608030 = $68,450.62EOQ formula = √((2DS)/H) = √((2 × 608030 × 60)/0.2) = 6803.01Total ordering cost = (Annual demand/EOQ) × Setup cost per orderTotal ordering cost = (608030/6803.01) × 60 = $535.23Total holding cost = (Value of inventory × Annual holding cost per unit of inventory)Total holding cost = (68450.62 × 0.20) = $13690.12Total annual inventory cost = Total ordering cost + Total holding cost = $535.23 + $13690.12 = $14225.35Hence, the total annual stocking cost (the sum of the holding and ordering costs) for blueberry is SPOS $1005 $1150 $1210 $900. The correct option is $1210.
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Using the method of your choice, calculate the Net Present Value of the following cash flows. Assume that the required return on this project is 15%Project AInitial Cost -$150Year 1 $175Year 2 $100A. $15B. $35C. $55D. $70E. $78
The NPV of Project A is approximately $1.74. Thus, None of the provided options match the calculated NPV.
To calculate the Net Present Value (NPV) of the cash flows for Project A, we need to discount each cash flow to its present value and then subtract the initial cost. Using a financial calculator or Excel, we can calculate the present value of each cash flow using the formula:
To calculate the Net Present Value (NPV) of Project A, we will use the formula:
NPV = (CF1 / (1 + r)^1) + (CF2 / (1 + r)^2) - Initial Cost
where CF1 and CF2 are the cash flows in year 1 and year 2, and r is the required return.
Plugging in the values:
Initial Cost = $150
CF1 = $175
CF2 = $100
r = 15% (0.15)
NPV = ($175 / (1 + 0.15)^1) + ($100 / (1 + 0.15)^2) - $150
NPV = ($175 / 1.15) + ($100 / 1.3225) - $150 ≈ $151.74 - $150 ≈ $1.74
None of the provided options match the calculated NPV. It seems there might be an error in the options. The NPV of Project A is approximately $1.74.
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the graph shows the relevant curves for a profit maximizing monopolist. assume that it is possible for the firm to produce a quantity that is not a whole number.What quantity will be firm produce? What price will the firm charge? What is the firm's profit?
The monopolist's profit can be calculated by multiplying the difference between the price and the average total cost (ATC) by the quantity produced.
A monopolist refers to a single entity or a company that has complete control over the supply and pricing of a particular product or service within a specific market. Unlike in a competitive market, where multiple firms exist and compete, a monopolist has the power to set prices and dictate the terms of trade without facing significant competition.
Monopolists often arise due to various factors such as exclusive ownership of essential resources, legal barriers, or technological advantages. As a result, they enjoy substantial market power, which can lead to potential negative consequences. Monopolies tend to restrict output, limit consumer choice, and can lead to higher prices and lower quality products or services. This lack of competition can also stifle innovation and hinder overall economic growth.
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Consider the production function Q = 10 K1/2 L. In the short run labor is fixed at 10 units.
a. Derive an expression for the marginal product of the variable input.
b. Draw the production function in the short run. Does it exhibit increasing/decreasing/constant/negative returns to the variable input?
c. How much capital should the firm employ in the short run to maximize profits if the cost per unit of capital is $100 and the product sells for $20 per unit?
d. Consider the production function above in the long run and draw the isoquant for 100 units of output.
e. Does the production function exhibit increasing/decreasing/constant returns to scale? (Briefly explain)
(A) MPL = 5K1/2L-1/2b. (b) the production function exhibits decreasing returns to the variable input in the short run
(d) the isoquant for 100 units of output is L = 100/K√. Increasing Returns to Scale The production function
Q = 10K1/2L
a. Marginal Product of Variable InputThe production function
Q = 10K1/2L
has a marginal product of the variable input as follows.
MPL = ∂Q/∂L∴ Q = 10K1/2L∂Q/∂L = 10K1/2 x (1/2)L-1/2
∴ MPL = 5K1/2L-1/2b.
Production Function in Short RunThe production function Q = 10K1/2L is drawn in the short run in the following figure:Returns to the Variable InputThe marginal product of labor is decreasing in the short run. Therefore, the production function exhibits decreasing returns to the variable input in the short run
.c. Capital Employment in Short RunThe firm should employ a capital in the short run such that the Marginal Rate of Technical Substitution (MRTS) equals the ratio of capital cost per unit to the price per unit of output.
MRTS = ∂L/∂K = MPK/MPL= w/r∴ MPK/MPL = w/r∴ MPK = (w/r)MPL∴ MPK = (20/100)5K1/2L-1/2= KL-1/2∴ MPK = K1/2L-1/2d.
Isoquant for 100 Units of OutputThe production function
Q = 10K1/2L is given by Q = 100
. Therefore,∴ 10K1/2L = 100∴ K1/2L = 10∴ L = 100/K√
Therefore, the isoquant for 100 units of output is L = 100/K√.Increasing Returns to ScaleThe production function
Q = 10K1/2L
exhibits increasing returns to scale. This is because if all inputs are increased by a factor of λ, then the output would increase by λ. For instance, if all inputs are doubled, then the output would increase by a factor of 22/2 = 2. Therefore, the production function has an increasing return to scale.
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FILL THE BLANK. the service dimension called ________ refers to the ability of the firm's employees to convey trust and confidence.
The service dimension called "assurance" refers to the ability of the firm's employees to convey trust and confidence.
Assurance is a crucial aspect of service quality as it helps build a strong customer-firm relationship. Employees with the ability to provide assurance demonstrate competence, courtesy, credibility, and security.
Competence involves having the necessary knowledge and skills to perform the service effectively. Courtesy refers to the politeness, respect, and friendliness of the employees towards the customers. Credibility involves establishing trustworthiness and honesty in customer interactions, while security entails the protection of customer information and privacy.
When employees effectively exhibit these characteristics, they create an environment where customers feel confident in the service provided by the firm. This leads to increased customer satisfaction, loyalty, and the likelihood of repeat business. In a competitive marketplace, assurance can differentiate a company from its competitors, helping it to maintain a strong customer base and build a positive reputation.
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