Weighted moving average is a forecast made with past data where more recent data are given more significance than older data. - True.
Exponential smoothing is a time series forecasting technique in which each increment of past demand data is decreased by α. - False.
Critical path is the sequence of activities in a project that forms the shortest chain in terms of their time to complete. - True.
Strategic forecasts are for short-term forecasts used to make decisions related to strategy and estimating aggregate demand. - False.
Make-to-order means a production environment where the product is built directly from raw materials and components in response to a specific customer order. - True.
A weighted moving average assigns weights to each data point based on its proximity to the present time, giving more importance to recent data.
In exponential smoothing, each increment of past demand data is multiplied by α, not decreased.
The critical path represents the longest duration pathway through a project, and any delay on activities in the critical path will delay the overall project completion.
Strategic forecasts are long-term forecasts that help guide strategic decisions, while short-term forecasts are used for tactical planning.
Make-to-order production involves manufacturing products based on specific customer orders, rather than producing them in advance and storing them in inventory.
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: Auditors spend significant time gaining an understanding of their client and the industry in which it operates. It is important to know key terminology related to financial accounting, business organization, and auditing concepts. For each numbered description below, select the concept that best applies. The concepts may be used once, more than once, or not at all. a. A group that represents shareholders/owners and is responsible for ensuring the entity is being run to benefit the shareholders/owners. b. Processes used by a client at the end of a period to finalize the accounts. c. An entity that is not independent of the client. d. A comparison of account balances to a single line item. e. The ability of a company to pay its current debts when they fall due. f. A situation in which noncompliance with laws and regulations impacts amounts already included in the financial statements. g. Client risk that affects only cash disbursements. h. The analysis of financial information by considering the plausible relationship among sales revenue and allotted shelf space in a grocery store. i. A committee of the board of directors responsible for hiring the external auditors. j. A comparison of a client's inventory turnover in days with the industry average.
A group that represents shareholders/owners and is responsible for ensuring the entity is being run to benefit the shareholders/owners: This concept refers to the board of directors.
a. A group that represents shareholders/owners and is responsible for ensuring the entity is being run to benefit the shareholders/owners: This concept refers to the board of directors.
The board of directors is responsible for representing the interests of the shareholders or owners and ensuring that the entity is being managed in a way that benefits them.
c. An entity that is not independent of the client: This concept refers to a related party. A related party is an entity that has a close relationship with the client, such as a parent company, subsidiary, or affiliate.
f. A situation in which noncompliance with laws and regulations impacts amounts already included in the financial statements: This concept is known as contingent liability. A contingent liability is a potential liability that depends on the occurrence or non-occurrence of certain events, such as a violation of laws and regulations.
i. A committee of the board of directors responsible for hiring the external auditors: This concept is called the audit committee. The audit committee is a committee of the board of directors that is responsible for overseeing the financial reporting process, internal controls, and hiring the external auditors.
j. A comparison of a client's inventory turnover in days with the industry average: This concept refers to benchmarking. Benchmarking involves comparing a client's performance or metrics with industry averages or best practices to identify areas for improvement or evaluate performance.
The other concepts mentioned in the question do not match the numbered descriptions. The concepts not mentioned in the numbered descriptions are:
b. Processes used by a client at the end of a period to finalize the accounts: This concept refers to the closing process in financial accounting.
d. A comparison of account balances to a single line item: This concept is known as horizontal analysis. It involves comparing account balances over multiple periods to a single line item, such as the previous year's balance or a budgeted amount, to assess changes and trends.
e. The ability of a company to pay its current debts when they fall due: This concept is called liquidity.
g. Client risk that affects only cash disbursements: This concept refers to cash disbursement risk.
Cash disbursement risk is the risk that there may be errors or fraud in the disbursement process, leading to inappropriate or unauthorized cash outflows.
h. The analysis of financial information by considering the plausible relationship among sales revenue and allotted shelf space in a grocery store: This concept is known as data analytics.
Data analytics involves using techniques and tools to analyze large volumes of financial and non-financial data to gain insights and make informed decisions.
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businesseconomicseconomics questions and answers. fill in blanks in the table below for this demand equation P = 10 − 1 2 . answer the following questions based on your answer in the table above: a. does a decrease in price necessarily increase total revenue? b. for what price the total revenue is maximum? what is the price elasticity of demand for that price?
Question: . Fill In Blanks In The Table Below For This Demand Equation P = 10 − 1 2 . Answer The Following Questions Based On Your Answer In The Table Above: A. Does A Decrease In Price Necessarily Increase Total Revenue? B. For What Price The Total Revenue Is Maximum? What Is The Price Elasticity Of Demand For That Price?
. Fill in blanks in the table below for this demand equation P = 10 − 1 2 .
Answer the following questions based on your answer in the table above:
a. Does a decrease in price necessarily increase total revenue?
b. For what price the total revenue is maximum? What is the price elasticity of demand for that price?
Price (P)
Quantity Demanded (QD)
Total Revenue
Price Elasticity of Demand Price
10
9
8
7
6
5
4
3
2
1
To find the solutions for the demand equation P = 10 - 1/2, you can substitute different values for P and calculate the corresponding values for QD and Total Revenue.
Using the given equation, you can fill in the table as follows:
Price (P) | Quantity Demanded (QD) | Total Revenue
-------------------------------------------------
10 | |
9 | |
8 | |
7 | |
6 | |
5 | |
4 | |
3 | |
2 | |
1 | |
To calculate the Quantity Demanded (QD) for each price value, you can substitute the price values into the equation P = 10 - 1/2. For example, for P = 10, QD = 10 - 1/2 * 10 = 10 - 5 = 5. Similarly, you can calculate QD for each price value.
To calculate the Total Revenue for each price value, you can multiply the Price (P) by the Quantity Demanded (QD). For example, for P = 10 and QD = 5, Total Revenue = 10 * 5 = 50. Similarly, you can calculate Total Revenue for each price value.
Once you have filled in the table with the Quantity Demanded and Total Revenue values, you can answer the following questions:
a. To determine this, you can compare the Total Revenue values for each price level. If a decrease in price results in an increase in Total Revenue, then the answer is yes. Otherwise, the answer is no.
b. To find the price at which Total Revenue is maximum, you need to identify the price value that corresponds to the highest Total Revenue value in the table.
c. To calculate the price elasticity of demand, you need to use the formula: Price Elasticity of Demand = (Percentage Change in Quantity Demanded) / (Percentage Change in Price). You can calculate the percentage change in Quantity Demanded and Price by comparing the values for the price at which Total Revenue is maximum with the adjacent price values in the table.
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Input area: Ant Inc is a mature manufacturing firm. The company just paid a dividend of $10, but management expects to reduce the payout by %2.5 per year indefinitely. If you require a return of 7.25%, what will you pay for a share today? (15 pts) Output area:
To determine the value of a share in Ant Inc today, we need to calculate the present value of the expected future dividends. the price you should be willing to pay for a share of Ant Inc today is approximately $102.56.
The Gordon Growth Model is used to calculate the value of a stock that pays dividends and is expected to grow at a constant rate. It is given by the formula: P = D / (r - g), where P is the stock price, D is the expected dividend payment, r is the required return, and g is the growth rate.
In this case, the dividend payment is currently $10, and the growth rate is -2.5% per year (as the dividend is expected to decrease). The required return is 7.25%. Plugging these values into the formula, we can calculate the present value of the dividends. P = $10 / (0.0725 - (-0.025)) = $10 / 0.0975 = $102.56. Therefore, the price you should be willing to pay for a share of Ant Inc today is approximately $102.56. This calculation assumes that the dividend reduction will continue indefinitely and that the required return remains constant. It's important to note that stock prices are also influenced by other factors such as market conditions and investor sentiment, so the actual market price may differ from the calculated value.
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Thomson Trucking has $11 billion in assets, and its tax rate is 40%. Its basic earning power (BEP) ratio is 16%, and its return on assets (ROA) is 3%. What is its times-interest-earned (TIE) ratio?
The times-interest-earned (TIE) ratio of Thomson Trucking is 8.25.
Given, The total assets of Thomson Trucking = $11 billion
The tax rate of Thomson Trucking = 40%BEP
ratio of Thomson Trucking = 16%
ROA of Thomson Trucking = 3%
The BEP ratio is calculated by dividing earnings before interest and taxes (EBIT) by total assets, while ROA is calculated by dividing net income by total assets.
ROA = Net income/Total assets
Given, ROA = 3%, total assets = $11 billion.
Net income = 3% of $11 billion
Net income = $330 million
Also, BEP = EBIT/Total assets
EBIT = BEP × Total assets
EBIT = 0.16 × $11 billion
EBIT = $1.76 billion
Now, the interest expense can be calculated using the times-interest-earned (TIE) ratio. The TIE ratio is calculated by dividing EBIT by interest expense.
TIE = EBIT/Interest expense
We need to calculate the interest expense.Let's first calculate the taxable income. Taxable income is calculated by multiplying EBIT with (1 − Tax rate).
Taxable income = EBIT × (1 − Tax rate)
Taxable income = $1.76 billion × (1 − 0.40)
Taxable income = $1.056 billion
Now, the interest expense can be calculated using the formula:Interest expense = Taxable income − Net income − Preferred dividends Interest expense = $1.056 billion − $330 million
Interest expense = $726 million
Now, the TIE ratio is:TIE = EBIT/Interest expense TIE = $1.76 billion/$726 million
TIE = 2.4242424
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What types of big data would you collect and analyze to understand why an employer was experiencing a high turnover rate?
To understand why an employer is experiencing a high turnover rate, you would need to collect and analyze the big data of employee demographics, performance data, and exit interview data.
One important type of data to consider is employee demographics, such as age, gender, and job role. This can help identify if specific groups are more likely to leave. Gathering data on employee satisfaction and engagement levels is crucial as well. This can be done through surveys or employee feedback.
Additionally, analyzing performance data, including productivity and performance evaluations, can provide insights into whether performance-related issues contribute to turnover. Lastly, examining exit interview data can help uncover reasons why employees are leaving.
By analyzing these different types of big data, you can gain a comprehensive understanding of the factors contributing to high turnover.
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Jessica has been a pharmaceutical representative with GlaxoSmithKline for 10 years. Daniel, her regional manager, spent a day with Jessica in the field and had the opportunity to witness her working with several of her clients. On a stop at Dr. Scott Inks' office, who is a regular client, Dr. Inks had Dr. Robin, Forbes, another internal medicine physician, visiting his offlce to consult on one his patients. When Dr. Inks introduced Jessica to Dr. Forbes, Jessica asked her questions about herself, her offices, and how she got started practicing medicine. Several times, Jessica said things like, "That's very interesting, why did you do that?" and "So, you really love taking care of your patients." Jessica mostly asked questions and talked very little. She quickly put the doctor at ease. Before Dr. Forbes left she gave her business card to Jessica and asked her to drop by her office. However, when Jessica began speaking to Dr. Inks after Dr. Forbes had left, she politely cut the meeting short and told Dr. Inks she would come back another day that week. After leaving the office, Daniel complemented her on her ability to bulld rapport with the visiting physician and potentially gain a new client, but then asked why she had cut her visit short with Dr. Inks. Jessica said that Dr. Inks had a difficult patient (the reason for the consult) and that he gets a little frustrated when he has a tough patient on his mind and is distracted. She said that meeting at another time would be more productive. 1. Which communication skills did Jessica exhibited or used during her visit with Dr. Inks and Forbes? 2. Which components of Emotional Intelligence did Jessica exhibit during her visit?
She understood the importance of timing and chose to prioritize the needs of the client. Jessica's ability to read and respond to the emotions of others showcases her high level of Emotional Intelligence.
1. Jessica exhibited active listening skills during her visit with Dr. Inks and Dr. Forbes.
She asked questions about their backgrounds and showed genuine interest in their responses.
This helped her establish rapport and create a comfortable environment for communication.
Jessica practiced effective questioning by asking open-ended questions that allowed for deeper conversation.
2. Jessica exhibited several components of Emotional Intelligence during her visit.
Firstly, she displayed empathy by acknowledging Dr. Inks' potential frustration and understanding that it may hinder effective communication.
Instead of pushing through the meeting, she chose to reschedule for a more productive time. This demonstrates her ability to recognize and consider the emotions of others.
Secondly, Jessica displayed self-awareness by recognizing the impact of the situation on Dr. Inks and adjusting her approach accordingly.
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In an arrangment that seems inconsistent mutual savings banks are insured by the?
In an arrangement that seems inconsistent, mutual savings banks are insured by the Federal Deposit Insurance Corporation (FDIC).
What is the function of the Federal Deposit Insurance Corporation (FDIC).The FDIC generally insures deposits in commercial banks savings banks savings and loan associations and mutual savings banks
Mutual savings banks can choose to become FDIC members and pay premiums to obtain deposit insurance coverage for their depositors By doing so they provide an additional level of protection to their customers in case the bank faces financial difficulties or becomes insolvent
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Explain how the "business / government market" is different then the "consumer market" in terms of buyer behaviors.
Provide an example of a current "cultural shift" and why you think it has happened and how it has affected consumer buying behaviors.
The shift has affected consumer buying behavior as consumers are willing to pay more for eco-friendly products, and they are more likely to purchase products from companies that have a sustainable and ethical image.
The business/government market is different from the consumer market in terms of buyer behaviors as follows:
1. Market structure: In the business/government market, there are a few buyers who purchase in bulk while the consumer market comprises many buyers who purchase smaller quantities.
2. Decision-making process: The buying process in the business/government market takes time and involves a multi-step decision-making process while the consumer market has a shorter decision-making process.
3. Products and services: Business/government markets purchase products and services for use in the production of other goods and services while consumers purchase products and services for personal use.
Example of a current "cultural shift":
The cultural shift towards sustainable and eco-friendly products is an example of a current cultural shift. It has happened because of increased awareness about climate change and environmental degradation.
As a result of this shift, consumers are increasingly interested in purchasing eco-friendly products such as reusable bags, bamboo toothbrushes, and electric cars, among others. The shift has affected consumer buying behavior as consumers are willing to pay more for eco-friendly products, and they are more likely to purchase products from companies that have a sustainable and ethical image.
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The liability of a:______.
a. sole proprietor is limited.
b. partnership is limited.
c. limited partnership is limited for all general partners.
d. none of these choices.
The liability of a sole proprietor is not limited. This means that a sole proprietor is personally responsible for all debts and legal obligations of their business. If the business cannot pay its debts, the sole proprietor's personal assets can be used to satisfy those debts. The answer would be option d i.e. none of these choices.
In contrast, the liability of a partnership is not limited either. In a partnership, each partner is jointly and severally liable for the debts and obligations of the partnership. This means that if the partnership cannot pay its debts, each partner is personally responsible for the full amount owed.
On the other hand, a limited partnership is structured differently. In a limited partnership, there are two types of partners: general partners and limited partners. The liability of the general partners is not limited, similar to the sole proprietor and partnership structures. They have full personal liability for the debts and obligations of the partnership. However, the liability of the limited partners is limited to the extent of their investment in the partnership. Limited partners are not personally liable for the partnership's debts beyond their initial investment.
In summary, the liability of a sole proprietor and partnership is not limited, while the liability of a limited partnership is limited for the limited partners but not for the general partners.
Therefore, the correct answer is (d) none of these choices.
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A Company Sells A Variety Of Medical Equipment For Hospitals. A Customer Hospital Wants To Purchase A Blood Test
We require product costs and price to assess the economics of selling a blood test machine to a hospital. Consider these: Cost of the blood test machine, Pricing, Volume of sales, Maintenance and servicing.
Cost of the blood test machine: The blood test machine's cost should include research and development, production, and distribution.
Pricing: Set the blood test machine price. This should cover production costs and give the company a profit. Price the machine based on market competitiveness, consumer demand, and its value.
Volume of sales: Estimate the customer hospital's blood test machine purchasing. Sales revenue will suffer.
Maintenance and servicing: Consider the costs of blood test machine maintenance and service. Hospital maintenance, repairs, and technical support are possible.
Maintenance and servicing: Shipping and installation charges: List any other sale-related costs.
These indicators can help you assess the customer hospital's blood test equipment sale's profitability. To determine financial viability, compare sales income to total costs. The hospital's long-term connection, repeat business, and referrals can also affect profitability.
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The trial balance for K and J Nursery, Inc., listed the following account balances at December 31,2021 , the end of its fiscal year: cash, $30,000; accounts receivable, $25,000; inventory, $39,000; equipment (net), $94,000; accounts payable, $28,000; salaries payable, $12,000; interest payable, $8,000; notes payable (due in 18 months), $44,000; common stock, $78,000. Calculate total current assets and total current liabilities that would appear in the company's year-end balance sheet Answer is complete but not entirely correct.
The total current assets and total current liabilities that would appear in the company's year-end balance sheet
Total current assets: $30,000 (cash) + $25,000 (accounts receivable) + $39,000 (inventory) = $94,000Total current liabilities: $28,000 (accounts payable) + $12,000 (salaries payable) + $8,000 (interest payable) = $48,000
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The Total Current Assets is $94,000 and Total Current Liabilities = $48,000.
Current Assets typically include:CashAccounts ReceivableInventoryCurrent Liabilities typically include:Accounts PayableSalaries PayableInterest PayableBased on the provided account balances, the calculation would be as follows:
Total Current Assets = Cash + Accounts Receivable + InventoryTotal Current Assets = $30,000 + $25,000 + $39,000Total Current Assets = $94,000Total Current Liabilities = Accounts Payable + Salaries Payable + Interest Payable
Total Current Liabilities = $28,000 + $12,000 + $8,000Total Current Liabilities = $48,000Therefore, the correct calculation is:
Total Current Assets = $94,000Total Current Liabilities = $48,00Learn more about Current Liabilities from the given link
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You invested $170 7 years ago. In 4 years will you have $269. What annual compound interest rate did you earn on your investment? Answer as a decimal. Round to the nearest ten thousandth.
The annual compound interest rate earned on the investment is approximately 0.0827.
The annual compound interest rate earned on an investment can be calculated using the formula for compound interest. Let's consider the following values:
Principal (initial investment): $170
Future Value: $269
Time: 7 years
The formula for compound interest is:
Future Value = Principal * (1 + Interest Rate)^Time
We need to solve for the interest rate. Substituting the given values into the formula:
269 = 170 * (1 + Interest Rate)^7
To isolate the interest rate, we divide both sides of the equation by 170:
269/170 = (1 + Interest Rate)^7
Taking the seventh root of both sides gives us:
(269/170)^(1/7) = 1 + Interest Rate
By subtracting 1 from both sides, we find:
Interest Rate = (269/170)^(1/7) - 1
Evaluating this expression, we find that the annual compound interest rate earned on the investment is approximately 0.0827.
Therefore, the annual compound interest rate earned on the investment is approximately 0.0827.
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HRM305 Compensation Assignment (30 points) The following assignment will have you go to the O*NET online website to find market pay for certain jobs, create a point job evaluation system, create a pay structure chart, and do an analysis of what the base and top salaries of your jobs are based on O*NET data. You will state your opinion of how promotions within your pay grades should be done, and why. The promotions are based on what you think would be fair in a company you would work in. The assignment is worth thirty points total, with five points per question/section. Step 01. Go to Online.onetcenter.org (O*NET) Step 02: Go to site search to type in the jobs you will be evaluating. CREATE A PAY STRUCTURE 1. Go to the O*NET Website to find the average pay of the following jobs. When you go to the summary or details about those jobs, scroll to the very bottom to find the median wage of the jobs (5 points) a. Janitor - $13.19 hourly, $27,430 annual b. Accountant (lowest level) - $34.40 hourly, $71,550 annual c. Human resource manager - $56.11 hourly, $116,720 annual d. Radiologist - $99.28 hourly, $206,500 annual e. Bricklayer - $25.53 hourly, $53,100 annual f. Chief executive officer - $88.68 hourly, $184,460 annual g. Any other job of your choosing - Chef - $24.78 hourly, $51,530 annual 2. Create a point job evaluation system using the following compensable factors (5 points) a. Education required b. Contact with others C. Time pressure a. 3. Create a pay structure (clearly label everything) (5 points) Use the market pay and point data b. Draw a market line and pay line c. Use the lag approach to pay d. Draw six pay grades e. Show which jobs should go to which pay grade 4. What is the base salary (bottom of the pay grade) of each job based in your analysis? (5 points) 5. What is the top salary (top of the pay grade) of each job based on your analysis? (5 points) 6. How do you want promotions within your pay grades be done---by seniority, merit, or some incentive? Explain why. (5 points)
Each section of the assignment is worth five points, and the assignment is worth a total of thirty points. Remember to clearly label everything and provide detailed explanations for your analysis and decisions. Good luck with your assignment.
To complete the HRM305 Compensation Assignment, follow these steps:
Step 01: Go to Online.onetcenter.org (O*NET).
Step 02: Use the site search to find the jobs you will be evaluating.
CREATE A PAY STRUCTURE:
1. Find the average pay of the following jobs on O*NET:
a. Janitor - $13.19 hourly, $27,430 annual
b. Accountant (lowest level) - $34.40 hourly, $71,550 annual
c. Human resource manager - $56.11 hourly, $116,720 annual
d. Radiologist - $99.28 hourly, $206,500 annual.
2. Create a point job evaluation system using the following compensable factors:
a. Education required
b. Contact with others
c. Time pressure .
3. Create a pay structure:
a. Use the market pay and point data.
b. Draw a market line and pay line.
4. Determine the base salary (bottom of the pay grade) for each job based on your analysis.
5. Determine the top salary (top of the pay grade) for each job based on your analysis.
6. Determine how promotions within pay grades should be done (seniority, merit, or incentive), and explain why you think it would be fair in a company you would work in.
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Portofino Traders has investigated the possibility of investing in a new machine. The following data has been
extracted from the reports relating to the project:
Cost of machine R 200 000
Expected economic life 4 years
Depreciation method Straight-line
Cost of capital 13% Year Profit
R
Cash flow
R
1 50 000 100 000
2 30 000 80 000
3 40 000 90 000
4 20 000 70 000
REQUIRED:
Calculate the following to analyse the project Portofino Traders which to invest
2.1 Accounting rate of return. (4 marks)
2.2 Payback period (years, months and days). (4 marks)
2.3 If the cut off period is 2 years, will the current payback period be accepted? Why? (2 marks)
2.4 Net present value (Round off the amounts to the nearest Rand). (8 marks)
2.5 On the basis of the calculation of the net present value, will the project be accepted? Why? (2 marks
The ARR is calculated by dividing the average annual profit by the initial investment cost, and then multiplying by 100 to express it as a percentage.
2.1 Accounting Rate of Return (ARR):To calculate ARR:
Step 1: Find the average annual profit by adding up the profits for each year and dividing by the number of years.
Year 1 profit = R50,000
Year 2 profit = R30,000
Year 3 profit = R40,000
Year 4 profit = R20,000
Average annual profit = (R50,000 + R30,000 + R40,000 + R20,000) / 4 = R35,000
2.2 Payback Period:
The payback period is the time it takes to recover the initial investment. To calculate the payback period, we need to add up the profits until the total is equal to or greater than the initial investment.
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Joey realizes that he has charged too much on his credit card and has racked up $5,100 in debt. If he can pay $125 each month and the card charges 18 percent APR (compounded monthly), how long will it take him to pay off the debt? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
It will take Joey 63.36 months to pay off his credit card debt.
Given data:Credit card debt = $5,100Monthly payment = $125APR = 18%We can use the following formula to find the time taken by Joey to pay off his credit card debt: {eq}\text{Amount} = \frac{P(1 + r)^n - 1}{r} {/eq}Here,P = Monthly payment = $125r = Monthly interest rate = APR / 12 = 18 / 12 / 100 = 0.015n = Number of months to pay off the credit card debtAmount = Credit card debt = $5,100Substituting the given values in the formula, we get: {eq}5,100 = \frac{125(1 + 0.015)^n - 1}{0.015} {/eq}Simplifying this equation, we get:{eq}1.015^n = \frac{5,100 \times 0.015}{125} + 1 {/eq}{eq}\Rightarrow 1.015^n = 1.609 {/eq}Taking natural logarithm on both sides, we get: {eq}\ln(1.015^n) = \ln 1.609 {/eq}Using the property of logarithms, we get: {eq}n \ln 1.015 = \ln 1.609 {/eq}Therefore, we can find the value of n as follows:{eq}n = \frac{\ln 1.609}{\ln 1.015} \approx 63.36 {/eq}Therefore, Joey will take 63.36 months to pay off his credit card debt.
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For each of the following situations, please choose if it "Promotes growth" or "Impedes growth". a) Increasing corruption allows government officials to steal people's homes: b) A nation introduces patent laws for the first time: c) A formerly communist country adopts free markets
For each of the following situations, please choose if it "Promotes growth" or "Impedes growth":
a) Increasing corruption allows government officials to steal people's homes: Impedes growth
b) A nation introduces patent laws for the first time: Promotes growth
c) A formerly communist country adopts free markets: Promotes growth
It is important to note that corruption hinders growth and progress of the nation. The increase in corruption enables government officials to steal people's homes and also the taxpayer's money leading to the financial crisis. The implementation of patent laws helps promote growth as it protects the inventors and investors from piracy. Free markets lead to the growth of the nation by increasing competition and innovation.
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Question 7 (10 points) A company's assets consist of $254,478 of cash, $579,445 of accounts receivable, $487,009 of inventory, and $2,478,554 of plant and equipment. Its liabilities consist of $332,887 of accounts payable, $139,877 of accruals, and $1,275,000 of longterm debt. The company's annual sales are $4,765,889, it paid $165,750 of interest, its earnings before taxes are $453,816, and its net income is $272,289. In its industry, the average profit margin is 6.83%, the average total asset turnover is 1.25, and the average equity multiplier is 1.85. Using DuPont analysis, determine if the company's return on equity is above or below the industry average and what factor causes the difference? 1) Below, profit margin 2) Above, profit margin 3) Below, total asset turnover 4) Above, total asset turnover 5) Below, equity multiplier
The company's return on equity (ROE) is above the industry average. The factor causing the difference is the higher profit margin.
Based on the given information, the company's return on equity (ROE) can be calculated using DuPont analysis, which breaks down ROE into three components: profit margin, total asset turnover, and equity multiplier.
The company's net income and equity values are provided, allowing us to calculate the ROE. By comparing the calculated ROE with the industry average, we can determine if it is above or below the average.
In this case, the company's ROE is above the industry average. This difference is primarily driven by a higher profit margin, indicating that the company is generating higher profitability compared to the industry average.
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Create a Swimlane diagram for a customer ordering food in a fast-food restaurant. Be sure to include the various actors, actions, hand offs, and sequencing.
In this swimlane diagram, each actor (customer, cashier, cook, server) is represented by a separate lane, and the actions, hand offs, and sequencing are visually depicted within these lanes. This helps to illustrate the flow and interactions involved in the customer ordering process in a fast-food restaurant.
To create a swimlane diagram for a customer ordering food in a fast-food restaurant, we can identify the following actors, actions, hand offs, and sequencing:
Actors:
1. Customer
2. Cashier
3. Cook
4. Server
Actions:
1. Customer enters the restaurant.
2. Customer approaches the cashier to place an order.
3. Cashier takes the customer's order and enters it into the system.
4. Cashier informs the cook about the order.
5. Cook prepares the food.
6. Cook hands off the prepared food to the server.
7. Server delivers the food to the customer.
8. Customer receives the food and starts eating.
Hand offs:
1. Customer hands off the order details to the cashier.
2. Cashier hands off the order details to the cook.
3. Cook hands off the prepared food to the server.
4. Server hands off the food to the customer.
Sequencing:
1. Customer enters the restaurant.
2. Customer approaches the cashier.
3. Cashier takes the order and enters it into the system.
4. Cashier informs the cook about the order.
5. Cook prepares the food.
6. Cook hands off the food to the server.
7. Server delivers the food to the customer.
8. Customer receives the food and starts eating.
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A factor that could cause the supply of bonds to shift to the right is , resulting in interest rates. a. a business cycle contraction; falling. b. an increase in expected inflation; falling. c. a business cycle expansion; rising d. a decrease in government budget deficits; rising.
A reduction in the size of the government's budget deficits brings about a shift to the right in the supply of bonds, which in turn brings about a decline in interest rates. The correct answer is option d.
A reduction in the size of the government's budget deficits is one factor that has the potential to create a shift in the supply of bonds to the right, which would lead to a decline in interest rates. When there is less of a deficit in the government's overall budget, this indicates that the government is borrowing less money and, as a result, issuing fewer bonds. As a direct consequence of this, there is a reduction in the number of bonds available on the market, which causes the supply curve to move to the right. Because of this increase in the supply of bonds, bond prices will go down, while bond yields will go up, which will result in lower interest rates.
In conclusion, Bond supply shifts right when government budget deficits fall, lowering interest rates. Deficits decrease government borrowing, which reduces bond issuance. Thus, greater bond supply lowers bond prices and raises bond yields, lowering interest rates.
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SUPPLY CHAIN: argues that "forecasting is always inaccurate". Forecasting, a major supply chain activity that is used to plan, control and motivate operational decisions, is nearly always inaccurate. Because of this, forecasting is unreliable. Measures such as forecasting error can, however, assist in overcoming this problem.
What is your view on the above statement? What is the role of forecasting error within the supply chain? Make sure to explain and justify your answer and make sure to include any sources that you find to support your answer.
Forecasting in supply chain management is not always accurate, but it plays a crucial role in planning and decision-making.
Forecasting is a fundamental activity in supply chain management, used to estimate future demand and guide operational decisions. However, due to the inherent uncertainties and complexities in the business environment, forecasting is not always perfectly accurate. Demand patterns may change, unforeseen events can occur, and data limitations may exist, leading to forecasting errors. Despite these limitations, forecasting is still valuable as it provides a basis for decision-making and resource allocation. By analyzing forecasting errors and employing techniques such as error measurement and adjustment, supply chain professionals can improve forecast accuracy and make informed decisions to optimize inventory, production, and customer service levels.
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Faisal wants to withdraw $3,517 from an account at the end of 11 years. What single sum of money must he deposit today if the account earns 7 percent simple interest? Faisal invests $1,000 at 1% compound interest per year. The investment will last for 8 years. How much will he get immediately after 8 years? Faisal invests $786 at 11.8% simple interest per year. The investment will last for 7 years. How much will he get immediately after 7 years? Faisal wants to withdraw $2,473 from an account at the end of 10 years. What single sum of money must he deposit today if the account earns 9 percent compound interest?
Faisal must deposit $957.76 today.
Simple and Compound Interest Problems
Faisal wants to withdraw $3,517 from an account at the end of 11 years. What single sum of money must he deposit today if the account earns 7 percent simple interest
Faisal invests $1,000 at 1% compound interest per year.
Faisal wants to withdraw $2,473 from an account at the end of 10 years. What single sum of money must he deposit today if the account earns 9 percent compound interest Solution
Given, Amount (A) = $2,473
Rate (R) = 9%
Time (t) = 10 years Using Compound Interest Formula
A = [tex]P (1 + R/100)t$2,473[/tex]
= [tex]P (1 + 9/100)10$2,473[/tex]
= [tex]P × 2.5803[/tex]
[tex]= $957.76[/tex]
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Arshadi Corp.'s sales last year were $70,000, and its total assets were $22,000. What was its total assets turnover ratio (TATO)?
Select the correct answer.
a. 3.18 b. 1.98 c. 2.78 d. 2.38 e. 1.58
2. Hutchinson Corporation has zero debt - it is financed only with common equity. Its total assets are $325,000. The new CFO wants to employ enough debt to bring the debt/assets ratio to 40%, using the proceeds from the borrowing to buy back common stock at its book value. How much must the firm borrow to achieve the target debt ratio?
The total assets turnover ratio (TATO) for Arshadi Corp. is approximately 3.18, and Hutchinson Corporation must borrow $130,000 to achieve a target debt ratio of 40%.
a. To calculate the total assets turnover ratio (TATO), we divide the sales by the total assets:
TATO = Sales / Total Assets
Given that the sales last year were $70,000 and the total assets were $22,000, we can calculate the TATO:
TATO = $70,000 / $22,000 ≈ 3.18
Therefore, the correct answer is (a) 3.18.
To determine the amount the firm must borrow to achieve the target debt ratio, we need to calculate the desired amount of debt and subtract the current debt.
Given that Hutchinson Corporation has zero debt and the total assets are $325,000, the desired debt is 40% of the total assets:
Desired Debt = 40% * Total Assets
= 0.40 * $325,000
= $130,000
Since the firm currently has zero debt, the amount it needs to borrow to achieve the target debt ratio is equal to the desired debt:
Amount to Borrow = Desired Debt = $130,000
Therefore, the firm must borrow $130,000 to achieve the target debt ratio of 40%.
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which of the following is an assumption of monopolistic competition Question 35 options:
a. homogeneous product
b. price taker
c. big business
d. unique product
The assumption of monopolistic competition is that the product is unique. Therefore, the correct option is d. unique product.
Monopolistic competition is a market structure in which a large number of producers sell products that are similar but not identical. Monopolistic competition is a market structure in which a large number of producers sell products that are similar but not identical.
There are several assumptions of monopolistic competition. The following are the most significant ones:
Assumption of the market structure: Monopolistic competition assumes that the industry is a perfect competition except for the differences in the products sold by different firms.
Assumption of product differentiation: Products produced by different firms are differentiated from each other, making them unique. Each firm's product is branded and has a distinctive quality, so the firm has some influence over its price.
Assumption of independent decision-making: Each company in a monopolistically competitive market can make decisions independently of the others because no company has a significant market share. A company's actions, therefore, do not significantly impact its rivals.
In conclusion, the assumption of monopolistic competition is that the product is unique. Therefore, the correct option is d. unique product.
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the accountant for ti company is preparing the company's statement of cash flows for the fiscal year just ended. the following information is available: retained earnings balance at the beginning of the year $ 153,000 cash dividends declared for the year 46,800 net income for the year 93,000
The ending balance for retained earnings is $197,000. The correct option is D. The calculation is shown in the attached image below.
Retained earnings refer to the portion of a company's profits or net income that is kept or retained within the business after dividends are paid to shareholders. It represents the cumulative amount of earnings that the company has reinvested in its operations rather than distributing them to shareholders in the form of dividends. They are considered part of the company's total shareholders' equity and contribute to the overall financial strength of the business.
Thus, the ideal selection is option D.
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The complete question might be:
The Accountant For TI Company Is Preparing The Company's Statement Of Cash Flows For The Fiscal Year Just Ended. The Following Information Is Available: Retained Earnings Balance At The Beginning Of The Year 151,000 Cash Dividends Declared For The Year 46,000 Net Income For The Year 92,000 16) What Is The Ending Balance For Retained Earnings? A. 264,000 B.
The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
Retained earnings balance at the beginning of the year 151,000
Cash dividends declared for the year 46,000
Net income for the year 92,000
What is the ending balance for retained earnings?
A. 264,000
B. 13,000
C. 243,000
D. 197,000
E. 105,000
Discuss the key success factors for logistics management.
Explain 3 flows that take place in logistics Decide whether the given statement is true orfalse. The truth-value of a true statement is true and the truthvalue of a false statement is false. elect one: True ✓ False
Key Success Factors for Logistics Management:
Efficient Supply Chain Integration: Coordinating and integrating all elements of the supply chain to ensure smooth flow of goods, information, and finances.
True. The statement correctly defines the truth-value concept. A true statement is one that aligns with reality, while a false statement contradicts reality. This definition is commonly accepted in logic and philosophy.
In logistics, three key flows take place:
Product Flow: It involves the physical movement of goods from suppliers to customers, including transportation, warehousing, and order fulfillment.
Information Flow: The exchange of data and information throughout the supply chain, enabling coordination, planning, and real-time visibility.
Financial Flow: The management of financial transactions, such as payment terms, invoicing, and financial settlements between various supply chain partners.
These three flows are interconnected and critical for logistics management as they ensure timely delivery, enable effective decision-making, and facilitate collaboration among stakeholders in the supply chain.
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Last month when Holiday Creations, Incorporated, sold 42,000 units, total sales were $168,000, total variable expenses were $131,040, and fixed expenses were $36,600. Required: What is the company’s contribution margin (CM) ratio? What is the estimated change in the company’s net operating income if it can increase sales volume by 575 units and total sales by $2,300?
The company's contribution margin (CM) ratio is approximately 22%. If the company increases sales volume by 575 units and total sales by $2,300, the estimated change in net operating income would be approximately $632.50.
To calculate the company's contribution margin (CM) ratio, we need to use the following formula:
CM ratio = (Total Sales - Total Variable Expenses) / Total Sales
Total Sales = $168,000
Total Variable Expenses = $131,040
CM ratio = ($168,000 - $131,040) / $168,000
CM ratio = $36,960 / $168,000
CM ratio ≈ 0.22 or 22%
The company's contribution margin (CM) ratio is approximately 22%.
To calculate the estimated change in the company's net operating income, we need to use the CM ratio and the provided increase in sales volume and total sales.
Increase in sales volume = 575 units
Increase in total sales = $2,300
Estimated change in net operating income = (Increase in sales volume) × (CM ratio) + (Increase in total sales) × (CM ratio)
Estimated change in net operating income = (575 units) × (0.22) + ($2,300) × (0.22)
Estimated change in net operating income = $126.50 + $506
Estimated change in net operating income = $632.50
Therefore, the estimated change in the company's net operating income is approximately $632.50.
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The Supply Chain Process involves the following processes. Mark all correct answers. Expediting - moving goods faster to speed cash flow Delivering - coordinating the movement of goods, information, and financial transactions Making - producing the major product or service Sourcing - selection of suppliers that will deliver the goods and services Returning - Receiving worn-out, excess, and or defective products back from customers Quality - checking the materials to make sure they are good Planning - Processes needed to operate an existing supply chain Assume that in 2020, a Liberty Seated half dollar issued in 1893 was sold for $187,000. What was the rate of return on this investment? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.
According to the question the rate of return on this investment is 87%.
let's assume the initial value (purchase price) of the Liberty Seated half dollar in 1893 was $100,000.
Using the formula for rate of return:
Rate of Return = ((Final Value - Initial Value) / Initial Value) * 100
Final Value = $187,000 (given)
Rate of Return = (($187,000 - $100,000) / $100,000) * 100
Rate of Return = ($87,000 / $100,000) * 100
Rate of Return = 87%
Therefore, the rate of return on this investment is 87%.
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A decrease in consumption expenditure resulting from a decrease in expected future consumer income would be described by an upward movement along the aggregate demand curve. a leftward shift of the aggregate demand curve. a downward movement along the aggregate demand curve. a rightward shift of the aggregate demand curve.
A decrease in consumption expenditure resulting from a decrease in expected future consumer income would be described by a downward movement along the aggregate demand curve.
When consumer income expectations decrease, it leads to a decrease in consumer spending and consumption expenditure. This results in a lower level of aggregate demand in the economy. As a result, there is a downward movement along the aggregate demand curve, indicating a decrease in the quantity of goods and services demanded at each price level. A decrease in consumption expenditure resulting from a decrease in expected future consumer income would be described by a downward movement along the aggregate demand curve.
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Assignment Purposes/Learning Outcomes:
After completion of Assignment-1 students will able to understand the
LO 1.1: State the concept of management functions, roles, skills of a manager and the different theories of management.
LO 3.2: Demonstrate organization’s role in ethics, diversity, and social responsibility.
Assignment-1
Please read the case "Who’s to Blame for the College Admissions Scandal?" given on Page number 112, Chapter 3– "The Manager’s Changing Work Environment and Ethical Responsibilities" available in your textbook/e-textbook "Management: A Practical Introduction" 10th edition by Angelo Kinicki, & Denise B. Soignet and answer the following questions:
QUESTIONS
Q1. What is the underlying problem in this case from the perspective of federal government, the parents, and the prospective college students? (3 Marks)
Q2. Why do you think the parents were willing to play such a significant and risky role in their kid’s college admissions? (3 Marks)
Q3. How do you think the general environment, particularly economic, demographic, international and sociocultural forces, fed into the admissions scandal? (3 Marks)
Q4. Are the children who were aware of the cheating scheme purely victims in this situation, or should they also be considered unethical? Explain your answer using one of the four approaches to deciding ethical dilemmas. (3 Marks)
Q5. Based on what you have learned about Rick Singer, his involvement, and his decision to cooperate in the investigation, where would you place his level of moral development? Explain your answer. (3 Marks)
1, students will be able to understand the following learning outcomes:
LO 1.1: State the concept of management functions,
roles, skills of a manager, and the different theories of management.
In order to answer the questions related to the case "Who's to Blame for the College Admissions Scandal?" on page 112 of the textbook "Management:
A Practical Introduction" 10th edition by Angelo Kinicki and Denise B. Soignet, you need to read the case and provide answers to the following questions:
Q1. What is the underlying problem in this case from the perspective of the federal government, the parents, and the prospective college students?
Q2. Why do you think the parents were willing to play such a significant and risky role in their kid's college admissions?
Q3. How do you think the general environment, particularly economic, demographic, international, and sociocultural forces, fed into the admissions scandal?
Q4. Are the children who were aware of the cheating scheme purely victims in this situation, or should they also be considered unethical? Explain your answer using one of the four approaches to deciding ethical dilemmas. (3 Marks)
Q5. Based on what you have learned about Rick Singer, his involvement, and his decision to cooperate in the investigation, where would you place his level of moral development?
Please provide your answers to each of these questions based on your understanding of the case and the concepts discussed in the textbook.
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Consider an economy where velocity is constant. Real GDP is growing at a rate of 3 percent per year, while the nominal
If velocity is constant, nominal GDP must grow at the same rate as real GDP, because changes in prices do not influence output in the long run. If real GDP is growing at a rate of 3%, then nominal GDP must also be growing at 3%.Nominal GDP is defined as the market value of all final goods and services produced within a country in a given period of time, and it includes the effects of changes in prices.
Real GDP, on the other hand, is a measure of economic output that is adjusted for price changes, and it is calculated by valuing output in terms of the prices of a base year.In an economy with constant velocity, the rate of growth of nominal GDP is equal to the rate of growth of the money supply plus the rate of inflation. Because velocity is constant, any change in the money supply must be matched by a proportionate change in nominal GDP. If the money supply grows faster than the rate of inflation, then nominal GDP will grow faster than real GDP, which will lead to inflation. If the money supply grows slower than the rate of inflation, then nominal GDP will grow slower than real GDP, which will lead to deflation.
In summary, if velocity is constant, then nominal GDP must grow at the same rate as real GDP. If the money supply grows faster than the rate of inflation, then nominal GDP will grow faster than real GDP, leading to inflation. If the money supply grows slower than the rate of inflation, then nominal GDP will grow slower than real GDP, leading to deflation.
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