Answer:have you ever learn
Explanation:
As a well-known airport planner, you have just received a proposal from the Ministry of Transportation to evaluate between a Satellite and a Multiple Terminal concept for a newly planned International airport. Explain the advantages and the disadvantages of both concepts in order to assist the Ministry in its decision making process.
Instruction : Make in point only.
Advantages of a Satellite Terminal Concept: Simplified Operations, Efficient Use of Space
Simplified Operations: A satellite terminal allows for a centralized approach, consolidating all passenger services and facilities in one location. This simplifies airport operations, making it easier to manage and coordinate activities.
Efficient Use of Space: Satellite terminals can be designed with flexible layouts, allowing for efficient use of space and scalability. They can be expanded or reconfigured as per future needs, accommodating changes in passenger traffic and airline requirements.
Enhanced Passenger Experience: With all services and amenities located in one terminal, passengers can enjoy a seamless travel experience. It reduces the need for long walks or transfers between terminals, minimizing travel time and improving convenience.
Disadvantages of a Satellite Terminal Concept:
Transportation Challenges: A satellite terminal may require additional transportation infrastructure, such as shuttle services or automated people movers, to connect it with the main terminal or other facilities. This can pose logistical challenges and increase costs.
Limited Terminal-to-Terminal Connectivity: In a satellite terminal concept, the distance between the main terminal and satellite terminals can be significant. This may result in limited connectivity between terminals, affecting passenger transfers and inter-airline operations.
Higher Initial Investment: Constructing a satellite terminal involves higher initial investment compared to multiple terminals. The need for a larger building, additional infrastructure, and systems integration can increase project costs.
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Greta has risk aversion of A=3 when applied to return on wealth over a one-year horizon. She is pondering two portfolios, the S\&P 500 and a hedge fund, as well as a number of one-year strategies. (All rates are annual and continuously compounded.) The S\&P 500 risk premium is estimated at 8% per year, with a standard deviation of 23%. The hedge fund risk premium is estimated at 10% with a standard deviation of 38%. The returns on both of these portfolios in any particular year are uncorrelated with its own returns in other years. They are also uncorrelated with the returns of the other portfolio in other years. The hedge fund claims the correlation coefficient between the annual return on the S\&P 500 and the hedge fund return in the same year is zero, but Greta is not fully convinced by this claim. If the correlation coefficient between annual portfolio returns is actually 0.3, what is the covariance between the returns? (Round your answer to 3 decimal places.)
To calculate the covariance between the returns of the S&P 500 and the hedge fund, we can use the formula:
Covariance = Correlation coefficient * Standard deviation of S&P 500 * Standard deviation of hedge fund
Given:
Correlation coefficient = 0.3
Standard deviation of S&P 500 = 23%
Standard deviation of hedge fund = 38%
Substituting the values into the formula, we have:
Covariance = 0.3 * 23% * 38%
Covariance = 0.0069
Rounded to 3 decimal places, the covariance between the returns of the S&P 500 and the hedge fund is 0.007.
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To calculate the covariance between the returns of the S&P 500 and the hedge fund, we can use the formula:
Covariance = Correlation coefficient * Standard deviation of S&P 500 * Standard deviation of hedge fund
Given:
Correlation coefficient = 0.3
Standard deviation of S&P 500 = 23%
Standard deviation of hedge fund = 38%
Substituting the values into the formula, we have:
Covariance = 0.3 * 23% * 38%
Covariance = 0.0069
Rounded to 3 decimal places, the covariance between the returns of the S&P 500 and the hedge fund is 0.007.
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Discus the fiscal policy and also highlights the effects of
Fiscal policies under different cases in ISLM model.[10 Marks]
Fiscal policy refers to the use of government spending, taxation, and borrowing to influence the economy. Fiscal policies have different effects depending on the economic conditions in which they are implemented. Fiscal policy has the potential to impact macroeconomic variables in different ways. When implemented correctly, it can lead to improved economic growth, low unemployment, and stable prices. However, if implemented inappropriately, it can lead to inflation, recession, or stagflation. The effects of fiscal policy depend on the state of the economy when the policy is implemented and on the nature of the policy. Fiscal policy can be expansionary or contractionary. Expansionary fiscal policy is used when the economy is in a recession, and the government wants to stimulate growth and employment. The government increases spending and reduces taxes. This will increase aggregate demand, leading to increased employment and economic growth.
However, this can also lead to inflation if the economy is already operating at its full capacity. Contractionary fiscal policy is used to reduce inflationary pressures in the economy. In this case, the government reduces spending and increases taxes to decrease aggregate demand, thereby reducing inflation. This can lead to a reduction in economic growth and increased unemployment. There are different cases in the IS-LM model where fiscal policy can be implemented. The following are some of these cases:
1. Expansionary fiscal policy with a horizontal LM curve: If the LM curve is horizontal, expansionary fiscal policy will only lead to increased interest rates, with no change in output.
2. Expansionary fiscal policy with a vertical LM curve: If the LM curve is vertical, expansionary fiscal policy will only lead to an increase in output, with no change in interest rates.
3. Contractionary fiscal policy with a horizontal LM curve: If the LM curve is horizontal, contractionary fiscal policy will only lead to a decrease in output, with no change in interest rates.
4. Contractionary fiscal policy with a vertical LM curve: If the LM curve is vertical, contractionary fiscal policy will only lead to a decrease in interest rates, with no change in output.
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Planet Corporation acquired 90 percent of Saturn Company's voting shares of stock in 20×1. During 20X4, Planet purchased 52,000 Playday doghouses for $26 each and sold 37,000 of them to Saturn for $32 each. Saturn sold all of the doghouses to retail establishments prior to December 31,20×4, for $47 each. Both companies use perpetual inventory systems. Required: a. Prepare the journal entries Planet recorded for the purchase of inventory and resale to Saturn Company in 20×4. b. Prepare the journal entries Saturn recorded for the purchase of inventory and resale to retail establishments in 20×4.
c. Prepare the worksheet consolidation entry(ies) needed in preparing consolidated financial statements for 20×4 to remove all effects of the intercompany sale.
Journal entries for the purchase of inventory and resale to Saturn Company in 20×4:The inventory purchase of 52,000 Play day doghouses for $26 each by Planet is recorded with this entry.
Inventory (52,000 * $26) = $1,352,000Accounts Payable = $1,352,000The inventory resale of 37,000 Play day doghouses for $32 each by Planet to Saturn is recorded with this entry. Journal entries Saturn recorded for the purchase of inventory and resale to retail establishments.
Worksheet consolidation entry needed in preparing consolidated financial statements for 20×4 to remove all effects of the inter company sale:In the worksheet, the inter company sale must be eliminated to prepare consolidated financial statements.
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Accounts receivable changes with bad debts Germanos Group is evaluating an accounts receivable change that would increase bad debts from 5% to 10% of sales. Sales are currently 100,000 units of batteries, the selling price €25 per unit, and the variable cost per unit is €15. As a result of the proposed change, sales are forecast to increase by 20,000 units.
a. What are bad debts in euros currently and after the proposed change?
b. Calculate the cost of the marginal bad debts for Germanos.
c. Ignoring the additional profit contribution for the increased sales, if the proposed change saves €50,000 and causes no change in the average investment in accounts receivable, would you recommend it? Explain.
d. Considering all changes in costs and benefits, should the change be made? Explain.
e. Compare and discuss your answers in parts c and d.
a. To calculate the bad debts currently and after the proposed change, we need to multiply the sales by the respective bad debts percentage.
Current bad debts: 5% of 100,000 units * €25 per unit = €12,500
Proposed bad debts: 10% of (100,000 units + 20,000 units) * €25 per unit = €22,500
b. The cost of the marginal bad debts can be calculated by subtracting the current bad debts from the proposed bad debts.
Cost of marginal bad debts = Proposed bad debts - Current bad debts
Cost of marginal bad debts = €22,500 - €12,500 = €10,000
c. To determine if the proposed change is recommended, we need to consider the cost savings and the impact on the average investment in accounts receivable.
If the proposed change saves €50,000 and there is no change in the average investment in accounts receivable, it would be beneficial. This is because the increase in bad debts is offset by the cost savings.
d. To make a decision considering all changes in costs and benefits, we need to compare the additional profit contribution from the increased sales with the cost of the marginal bad debts.
If the additional profit contribution from the increased sales exceeds the cost of the marginal bad debts, the change should be made. However, if the cost of the marginal bad debts outweighs the additional profit contribution, it may not be recommended.
e. In part c, we only considered the cost savings and the impact on the average investment in accounts receivable. However, in part d, we considered all changes in costs and benefits, including the additional profit contribution from the increased sales.
By comparing the additional profit contribution with the cost of the marginal bad debts, we can make a more comprehensive decision. If the additional profit contribution outweighs the cost of the marginal bad debts, it would indicate that the change is financially beneficial and should be made. However, if the cost of the marginal bad debts exceeds the additional profit contribution, it may not be recommended as it could negatively impact the overall profitability of the company.
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It is possible when net profit for the year is 100 mln. USD and cash balance at year end is close to zero. TRUE FALSE
FALSE. It is not possible for the net profit for the year to be 100 million USD while the cash balance at the year-end is close to zero.
Net profit represents the difference between total revenue and total expenses, while the cash balance represents the amount of cash available at a specific point in time.
If the net profit for the year is 100 million USD, it means that the company has generated a positive financial result after accounting for all expenses. However, the cash balance at the year-end could be affected by various factors such as cash inflows from sales, cash outflows for expenses, investments, or debt repayments.
To have a cash balance close to zero at the year-end, the company would need to have significant cash outflows that offset the net profit generated during the year. This could be due to factors like large investments, debt repayments, or high operating expenses. Therefore, it is not possible for the net profit to be 100 million USD while the cash balance at the year-end is close to zero.
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Problem 7:
Mrs. Jenny would like to retire in 28 years. She would like to accumulate $1,250,000 at the time of retirement
to live a contented life. She would like to set aside equal amount each month to achieve her goal.
Calculate the monthly amount Mrs. Jenny should save if she is able to invest them at an interest rate of 10.8%.
[Annual rate] [Assume monthly compounding]
To calculate the monthly amount Mrs. Jenny should save to accumulate $1,250,000 at retirement, we can use the formula for the future value of an ordinary annuity.
The formula for future value of an ordinary annuity is:
FV = P * ((1 + r)^n - 1) / r
Where:
FV is the future value (the desired amount Mrs. Jenny wants to accumulate),
P is the monthly savings amount,
r is the monthly interest rate (10.8% divided by 12 months),
and n is the total number of periods (28 years multiplied by 12 months).
Plugging in the values:
1,250,000 = P * ((1 + 0.108/12)^(28*12) - 1) / (0.108/12)
Now we can solve for P:
P = 1,250,000 * (0.108/12) / ((1 + 0.108/12)^(28*12) - 1)
After evaluating the formula, the monthly amount Mrs. Jenny should save is approximately $473.75.
Therefore, if she saves $473.75 per month and is able to invest them at an interest rate of 10.8% compounded monthly, she will be able to accumulate $1,250,000 by the time of her retirement in 28 years.
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Open Part B - Decision-Making Tools spreadsheet templates. Input the revenue and cost information for 2013-2015 from Micro Tiles’ financial statements into Template 2 (Break-Even Analysis using the PV ratio). Based on this information and break-even planning assumptions, what are the company’s break-even points for the years 2013, 2014 and 2015? How much sales revenue should Micro Tiles have to sell in 2015 in order to reach a $300,000, $350,000, and $400,000 before-tax profit objective? Open Part B - Decision-Making Tools spreadsheet Templates. Based on the monthly cost breakdown and by using Template 7 (Monthly Cash Budget),
To determine the break-even points for Micro Tiles in 2013, 2014, and 2015 using the PV ratio, you would need the revenue and cost information for each year.
The formula for calculating the break-even point using the PV ratio is: Break-even Point = Fixed Costs / (1 - (Variable Costs / Revenue))
Based on the provided revenue and cost information for each year, you can calculate the break-even points using this formula in Template 2 of the Decision-Making Tools spreadsheet.
To calculate the sales revenue needed in 2015 to reach specific before-tax profit objectives of $300,000, $350,000, and $400,000, you can use the formula:
Required Sales Revenue = (Fixed Costs + Target Profit) / (1 - (Variable Costs / Revenue))
Again, you would input the relevant information into Template 2 and adjust the target profit to calculate the required sales revenue for each objective.
For the monthly cash budget using Template 7, you would need the monthly cost breakdown for Micro Tiles. You can input the monthly costs, including fixed costs and variable costs, to calculate the monthly cash budget and analyze the company's cash inflows and outflows.
Please ensure you have the necessary financial statements and data available to input into the spreadsheet templates to perform these calculations accurately.
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Eight months ago, you purchased 400 shares of WIC stock at a price of $46.40 a share. The company pays quarterly dividends of $1.05 a share. Today, you sold all of
your shares for $48.30 a share. What is your total percentage return on this investment? What is your total dollar return on this investment? Briefly discuss.
The total percentage return on the investment is 9.24%.The total dollar return on this investment is $1,420.
To find the total percentage return on the investment, we will use the formula below: Total Percentage Return = (Total Dollar Return ÷ Total Cost of Investment) x 100First, let us find the total cost of investment.400 shares were purchased at a price of $46.40 per share. Therefore, the total cost of the investment = 400 x $46.40 = $18,560 Since the company pays quarterly dividends of $1.05 a share, the total dividend earned over eight months is:$1.05 x 4 = $4.20 Total dividend earned = 400 x $4.20 = $1,680So, the total cost of the investment is: $18,560Total dividends earned is: $1,680Total cost of the investment including dividends = $18,560 + $1,680 = $20,240The total dollar return on this investment can be found by multiplying the number of shares sold by the selling price per share. Number of shares sold = 400Selling price per share = $48.30Total dollar return = 400 x $48.30 = $19,320Now that we have both the total dollar return and total cost of the investment, we can find the total percentage return: Total Percentage Return = (Total Dollar Return ÷ Total Cost of Investment) x 100= ($19,320 ÷ $20,240) x 100= 0.904 x 100= 9.24%Therefore, the total percentage return on the investment is 9.24%.The total dollar return on this investment is $1,420.
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Some professional sports leagues have salary caps, including the National Football League and the National Hockey League. This means that a team's total payroll cannot exceed a certain amount. States can level their own tax rates on the labor and investment incomes of residents in their states. For example, states like California (13.3\%) and Hawaii (11\%) have high state income tax rates, while seven states, including Texas, Florida, and Washington, have no state income taxes. Overall, what impact do you think higher income tax rates have on the performance of professional sports teams with salary caps in high tax states relative to low tax states? Explain, being certain to address the incidence of the tax.
Higher income tax rates in high tax states may negatively impact the performance of professional sports teams with salary caps relative to low tax states. The incidence of the tax must be considered in the explanation.
Professional sports teams with salary caps are limited in the amount of money they can spend on player salaries. Higher income tax rates in high tax states mean that players and teams must pay more in taxes, reducing the amount of money available to spend on salaries. This could make it more difficult for teams in high tax states to attract and retain top talent, potentially leading to lower performance on the field.
However, it is important to consider the incidence of the tax. While the team may have to pay higher taxes, the individual players may also be subject to higher taxes based on the state in which they work and reside. This means that players may be less willing to sign with teams in high tax states, knowing that they will have to pay more in taxes. As a result, teams in high tax states may be forced to pay higher salaries to offset the higher taxes and attract and retain top talent.
Overall, the impact of higher income tax rates on the performance of professional sports teams with salary caps in high tax states relative to low tax states is complex and depends on various factors, including the incidence of the tax and the willingness of teams to pay higher salaries to offset the higher taxes.
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Maintaining an inventory of supplies helps a business to: A) establish sales goals. B) operate efficiently. C) locate vendors. D) evaluate processes.
Maintaining an inventory of supplies helps a business to operate efficiently. Option B is correct.
Having a well-managed inventory allows businesses to streamline their operations, reduce costs, and meet customer demands effectively. By keeping track of supplies and their availability, businesses can avoid stockouts and ensure timely replenishment. This leads to smoother production processes, improved order fulfillment, and reduced downtime.
Additionally, maintaining an inventory enables businesses to optimize their storage space, minimize waste, and make informed decisions regarding purchasing and production. Overall, an efficient inventory management system contributes to better resource allocation, improved customer satisfaction, and increased profitability.
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You are still working for Paperchase. (link: paperchase . com )
Your next task is to develop a marketing strategy to gain competitive advantage in the market. You need to come up with a new product (remember that there are different forms of developing a new product) and develop a competitive strategy and marketing plan to launch this new offering. It is important that the new product is in line with the brand. The sections that you need to include are:
Branding strategy: explain the brand strategy of the company, developing the brand prism and describing the brand personality.
Product strategy:
o Include all the layers of the product they will offer: What core need does the product refer to? What is the actual product/service (features, variety, technicalities...)? What is the augmented product? (e.g.: warranty).
• Pricing strategy:
o What is the pricing strategy for this new product? What are the price tiers? How is this competitive and/or related to the target audience?
• Place strategy:
o What is the distribution channel strategy? How many levels does it have? How is it managed?
• Promotional strategy:
o What is the main message that they want to convey to customers? What tone should they use to communicate (formal, casual, educational...)? What promotional channels do they use? List owned, paid, and earned media.
• Competitive strategy:
o Considering all previous elements, should the company focus on an attack or defense strategy? Why? Explain the type of marketing tactics that you would implement to fulfill these strategies.
Remember to include quality references and good in-text citations.
To gain a competitive advantage in the market, Paperchase can develop a new product aligned with its brand. The branding strategy should focus on creating a strong brand prism and defining the brand personality.
Branding Strategy: Paperchase's brand strategy should involve developing a brand prism that encompasses the brand's essence, personality, culture, relationship, reflection, and self-image. It should aim to create a brand personality that resonates with the target audience, emphasizing creativity, quality, and a unique shopping experience.
Product Strategy: The new product should address the core need of providing innovative and aesthetically pleasing stationery and paper goods. The actual product/service should include a diverse range of products, such as notebooks, journals, pens, and desk accessories, with attractive designs, high-quality materials, and customizable options. The augmented product could include special promotions, loyalty programs, and exceptional customer service.
Pricing Strategy: Paperchase's pricing strategy should be competitive and consider the target audience's willingness to pay. It can have different price tiers to cater to various customer segments, offering both affordable options and premium products with higher price points that reflect superior quality and exclusivity.
Place Strategy: The distribution channel strategy should include both online and offline channels. Online channels can involve Paperchase's e-commerce website, offering convenience and a wide reach. Offline channels should include standalone stores in strategic locations and partnerships with select retailers. Effective management of the distribution channels would involve efficient inventory management and strong relationships with partners.
Promotional Strategy: The main message to convey should highlight Paperchase's unique and trendy products, emphasizing the joy of self-expression and the power of creativity. The tone of communication should be vibrant, inspiring, and engaging, appealing to the target audience's emotions. Promotional channels can include owned media, such as social media platforms and the company's website, paid media like targeted advertising campaigns, and earned media through influencer collaborations and positive customer reviews.
Competitive Strategy: Considering the brand's strengths and the market landscape, Paperchase should focus on a defense strategy to protect its market share and customer loyalty. It can implement marketing tactics such as strengthening customer relationships through personalized experiences, introducing limited edition collaborations, and continuously innovating and refreshing its product offerings to stay ahead of competitors.
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May 19 Issued 1,500 shares of $1 par value common stock for cash of $10.50 per share. Jun. 3 Isssued 300 shares of $9, no-par preferred stock for $15,000 cash. Jun. 11 Received equipment with a market value of $70,000 in exchange for 4,000 shares of the $1 par value common stock.
On May 19, the company issued 1,500 shares of $1 par value common stock for cash at $10.50 per share. This resulted in a cash inflow of $15,750 ($10.50 x 1,500).
On May 19, the company issued 1,500 shares of $1 par value common stock for cash at a price of $10.50 per share. This means that the total cash received from this transaction would be 1,500 shares x $10.50 = $15,750. The common stock account would be credited for the par value of the shares issued, which is 1,500 shares x $1 = $1,500. The remaining amount, which is $15,750 - $1,500 = $14,250, would be recorded as additional paid-in capital.
On June 3, the company issued 300 shares of $9 no-par preferred stock for $15,000 cash. The preferred stock account would be credited for the total amount received, which is $15,000. Since it is a no-par stock, there is no par value recorded.
On June 11, the company received equipment with a market value of $70,000 in exchange for 4,000 shares of $1 par value common stock. This transaction involves a noncash exchange. The equipment account would be debited for the market value of $70,000, and the common stock account would be credited for the par value of the shares issued, which is 4,000 shares x $1 = $4,000.
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Do you have other real-world examples of how the
demand for a final product/service has increased the demand for a
resource used to produce that product/service?
Answer:
Certainly! Here are a few real-world examples of how the demand for a final product or service has increased the demand for a resource used in its production:
1. Electric Vehicles and Lithium: The growing demand for electric vehicles (EVs) has increased the demand for lithium, a key resource used in the production of lithium-ion batteries. As more consumers switch to EVs, the need for lithium as a crucial component of these batteries has surged, leading to increased demand for lithium mining and extraction.
2. Smartphones and Rare Earth Elements: Smartphones have become an integral part of our lives, and they rely on rare earth elements (such as neodymium, dysprosium, and praseodymium) for various components, including screens, speakers, and batteries. As the demand for smartphones has risen globally, so has the demand for rare earth elements, which are crucial in their production.
3. Renewable Energy and Solar Panels: The increasing demand for renewable energy, particularly solar power, has boosted the demand for solar panels. Solar panels require materials like silicon, silver, and aluminum. As more individuals, businesses, and governments invest in solar energy, the demand for these resources has also increased due to the need for their incorporation into solar panel manufacturing.
4. Streaming Services and Internet Bandwidth: The rise of streaming services like Netflix, Amazon Prime Video, and Disney+ has led to a significant increase in internet bandwidth demand. As more people stream video content online, the need for faster and more reliable internet connections has grown, driving the demand for the resources required to expand and upgrade internet infrastructure.
These examples demonstrate how the demand for a final product or service can create a ripple effect, increasing the demand for specific resources used in their production or facilitation.
At the University of Unity, you can sign up to pay P 105,000 now, or over a 10 -year period, for the right to buy top seats for Unity games during the next 30 years. In return, the seats themselves will stay locked in at current-year prices. Season game tickets in tier 1 are currently selling for P350 each. A BBN fanatic plans to purchase the mortgage along with a current-season ticket and pay for both now, then buy a ticket each year for the next 30 years. What is the total present worth of the pricing plan at an interest rate of 10% per year?
The total present worth of the pricing plan at an interest rate of 10% per year is P196,983.26.Calculation:First, we have to compute the price of a ticket per game by using this formula:$$Ticket price= Present value of the mortgage+ Present value of 30-year game tickets$$To compute the Present Value (PV), we have to use this formula:$$PV= FV(1+r)^{-n}$$where FV= Future Value, r= interest rate and n= number of years. For this computation, let FV = P1.0 since we only need to find the PV.Then, we have to solve for PV of the mortgage which is P 105,000 payable over a 10-year period with 10% interest per year. Applying the formula above, we have:$$PV=105000(1+0.10)^{-10}$$$$PV=38,573.10$$Therefore, the PV of the mortgage is P 38,573.10.Also, we need to compute the PV of 30-year game tickets. To do this, we have to consider an annuity. Then, using the annuity formula below:$$PV= \frac{PMT}{r} \left[ 1-\frac{1}{(1+r)^n} \right]$$where PMT= payment, r= interest rate and n= number of years. For this computation, let PMT = P 350 and n = 30. Then, solve for PV. Hence, we have:$$PV= \frac{350}{0.10} \left[ 1-\frac{1}{(1+0.10)^{30}} \right]$$$$PV= \frac{350}{0.10} \left[ 1-0.02019 \right]$$$$PV= 65,410.47$$Therefore, the PV of 30-year game tickets is P 65,410.47. Thus, substituting these values to the first formula above, we have:$$Ticket price= 38,573.10 + 65,410.47$$$$Ticket price= P 103,983.57$$Therefore, a ticket price per game costs P 103,983.57.Next, we have to compute the Total Present Worth (TPW) of the pricing plan. To do this, we need to use this formula:$$TPW= \frac{PMT}{r} \left[ 1-\frac{1}{(1+r)^n} \right]$$where PMT= payment, r= interest rate and n= number of years. For this computation, let PMT = P 103,983.57 and n = 30. Then, solve for TPW. Hence, we have:$$TPW= \frac{103983.57}{0.10} \left[ 1-\frac{1}{(1+0.10)^{30}} \right]$$$$TPW= 196983.26$$Therefore, the total present worth of the pricing plan at an interest rate of 10% per year is P 196,983.26.
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matching supply with demand: an introduction to operations management
Matching supply with demand is a fundamental aspect of operations management. It involves aligning the production or availability of goods and services with customer needs and preferences.
This ensures that the right quantity of products is produced or made available at the right time, in the right place, and at the right price. Effective supply-demand matching helps businesses optimize resources, minimize inventory costs, enhance customer satisfaction, and improve overall operational efficiency.
In operations management, matching supply with demand refers to the strategic process of synchronizing the production or availability of goods and services with customer requirements. It involves analyzing and forecasting customer demand patterns, understanding market dynamics, and aligning production capacity accordingly. By doing so, businesses can optimize their resources, reduce excess inventory, and avoid stockouts or shortages. Effective supply-demand matching enables companies to meet customer expectations, improve customer satisfaction, and enhance overall operational efficiency. It is a crucial aspect of operations management for achieving business success.
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(Algo) Applying Overhead; Journal Entries; T-accounts [LO3-1, LO3-2] Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,260,000 in manufacturing overhead cost at an activity level of 568,000 machine-hours. The company spent the entire month of January working on a large order for 12,700 custom-made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow: a. Raw materials purchased on account, $315,000. b. Raw materials used in production, $265,000 (80\% direct materials and 20% indirect materials). c. Labor cost accrued in the factory, $159,000 (one-third direct labor and two-thirds indirect labor). d. Depreciation recorded on factory equipment, $62,400. e. Other manufacturing overhead costs incurred on account, $85,900. f. Manufacturing overhead cost was applied to production on the basis of 40.670 machine-hours actually worked during the month. 9. The completed job for 12,700 custom-made machined parts was moved into the finished goods warehouse on January 31 to await. delivery to the customer. (in computing the dollar amount for this entry, remember that the cost of a completed job consists of direct materials, direct labor, and applied overheed.) Required: 1. Prepare journal entries to record items (a) through (7) above (ignore item (g) for the moment) 2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journat entries to these Taccounts. 3. Prepare a journal entry for item (g) above. 4. If 10.100 of the custom made machined parts are shipped to the customer in February, how much of this job's cost will be included in cost of goods sold for February?
The cost data includes raw material purchases, labor costs, depreciation, manufacturing overhead costs, and the application of overhead based on machine-hours. $249,979 job's cost will be included in cost of goods sold for February
1. Journal entries:
a. Raw materials purchased on account: Debit Raw Materials Inventory for $315,000 and credit Accounts Payable for the same amount.
b. Raw materials used in production: Debit Work in Process Inventory for $212,000 (80% of $265,000) and debit Manufacturing Overhead for $53,000 (20% of $265,000). Credit Raw Materials Inventory for $265,000.
c. Labor cost accrued in the factory: Debit Work in Process Inventory for $53,000 (1/3 of $159,000) and debit Manufacturing Overhead for $106,000 (2/3 of $159,000). Credit Salaries and Wages Payable for $159,000.
d. Depreciation recorded on factory equipment: Debit Manufacturing Overhead for $62,400 and credit Accumulated Depreciation for the same amount.
e. Other manufacturing overhead costs incurred on account: Debit Manufacturing Overhead for $85,900 and credit Accounts Payable for the same amount.
f. Application of manufacturing overhead: Debit Work in Process Inventory for $165,785 (40,670 machine-hours * predetermined overhead rate) and credit Manufacturing Overhead for the same amount.
2. T-Accounts:
Manufacturing Overhead: Debit $307,085 (62,400 + 85,900 + 165,785) and credit $0.
Work in Process: Debit $431,785 (212,000 + 53,000 + 165,785) and credit $0.
3. Journal entry for item (g): Debit Finished Goods Inventory for the cost of the completed job (direct materials + direct labor + applied overhead) and credit Work in Process Inventory for the same amount.
4. To calculate the cost of goods sold for February, we need to determine the total cost of the job and then calculate the cost per part. First, we calculate the total manufacturing cost by adding the direct materials, direct labor, and applied overhead. The direct materials cost is 80% of $265,000, which is $212,000. The direct labor cost is one-third of $159,000, which is $53,000. The applied overhead is calculated by multiplying the actual machine-hours worked (40,670) by the predetermined overhead rate ($4,260,000 divided by 568,000 machine-hours), which is $32,050.
Therefore, the total manufacturing cost is $212,000 + $53,000 + $32,050 = $297,050. To calculate the cost per part, we divide the total manufacturing cost by the total number of parts (12,700), which gives us $297,050 divided by 12,700 = $23.37 per part. Since only 10,700 parts are shipped in February, the cost of goods sold for February will be $23.37 multiplied by 10,700, which equals $249,979.
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If Umdioti Trader's required rate of return on equal-risk investments is 18%, should the proposed increase in the discount offered (from 2% to 3%) be made?
The decision to implement the proposed increase in the discount offered should be based on a thorough evaluation of the potential effects on Umdioti Trader's profitability, financial stability, and ability to meet its required rate of return.
To determine whether Umdioti Trader should make the proposed increase in the discount offered, we need to assess its impact on the required rate of return.
Currently, Umdioti Trader's required rate of return is 18%. The required rate of return represents the minimum return investors expect to receive on their investments to compensate for the level of risk involved.
If the discount offered is increased from 2% to 3%, it means that customers will receive a higher reduction in price for the products or services offered. This discount may affect the profitability and financial performance of Umdioti Trader.
To evaluate the impact of the increased discount on the required rate of return, Umdioti Trader needs to consider factors such as the cost structure, profit margins, and overall financial viability of the business. If the increased discount significantly reduces profitability and jeopardizes the company's ability to meet its required rate of return, it may not be advisable to implement the increase.
On the other hand, if the increased discount leads to a boost in sales volume, market share, or customer loyalty, it could result in long-term benefits for the company. Umdioti Trader should carefully analyze the potential impact on its financials and weigh the short-term versus long-term implications.
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What are the advantages/disadvantages of preserving The CEMEX
Way model in the integration of Rinker?
It is crucial for the integration process to strike a balance between preserving the core principles of The CEMEX Way model and adapting it to the specific needs and characteristics of Rinker.
Advantages of Preserving The CEMEX Way Model in the Integration of Rinker:
Consistency and Alignment: Preserving The CEMEX Way model in the integration of Rinker allows for consistency in operating practices, management approaches, and company culture.
Best Practices and Knowledge Transfer: The CEMEX Way model represents a set of best practices and proven strategies that have contributed to CEMEX's success.
Disadvantages of Preserving The CEMEX Way Model in the Integration of Rinker:
Cultural Differences: Rinker and CEMEX may have different organizational cultures, management styles, and ways of doing business.
Flexibility and Adaptability: The CEMEX Way model may have been developed to suit CEMEX's specific context and market conditions.
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Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,900 helmets. using 2,379 kilograms of plastic. The plastic cost the company $20,459. According to the standard cost card, each helmet should require 0.54 kilograms of plastic, at a cost of $9.00 per kilogram Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,900 helmets? 2. What is the standard materials cost allowed (SQ SP) to make 3,900 helmets? 3. What is the materials spending variance?
4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1. Standard quantity of kilograms allowed ________ _______
2. Standard cost allowed for actual output ________ _______
3. Materials spending variance ________ _______
4. Materials price variance ________ _______
4. Materials quantity variance ________ _______
The standard quantity of kilograms of plastic (SQ) allowed to make 3,900 helmets is 2,106 kilograms. The standard materials cost allowed (SQ SP) to make 3,900 helmets is $18,954.
The standard quantity of kilograms of plastic (SQ) allowed to make 3,900 helmets is calculated by multiplying the number of helmets (3,900) by the standard quantity of plastic per helmet (0.54 kilograms). Thus, the standard quantity allowed is 3,900 * 0.54 = 2,106 kilograms. The standard materials cost allowed (SQ SP) is obtained by multiplying the standard quantity allowed (2,106 kilograms) by the standard price per kilogram of plastic ($9.00). Therefore, the standard materials cost allowed is 2,106 * $9.00 = $18,954.
The materials spending variance is calculated by subtracting the standard materials cost allowed from the actual materials cost incurred. In this case, the variance is $20,459 - $18,954 = $1,505 unfavorable. This indicates that the actual materials cost exceeded the standard materials cost allowed. The materials price variance is determined by multiplying the actual quantity of plastic used (2,379 kilograms) by the difference between the actual price per kilogram and the standard price per kilogram. The variance in this case is 2,379 * ($20,459 - $9.00) = $2,555 unfavorable, indicating that the actual price paid for the plastic was higher than the standard price.
The materials quantity variance is calculated by multiplying the difference between the actual quantity used and the standard quantity allowed (2,379 - 2,106) by the standard price per kilogram ($9.00). The variance in this case is ($9.00) * (2,379 - 2,106) = $1,050 favorable. This suggests that the company used fewer kilograms of plastic than expected to produce the helmets, resulting in cost savings. In summary, the standard quantity of plastic allowed to make 3,900 helmets is 2,106 kilograms, and the standard materials cost allowed is $18,954. The company incurred a materials spending variance of $1,505 unfavorable. The materials price variance is $2,555 unfavorable, and the materials quantity variance is $1,050 favorable.
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Suppose that you’re the director in charge of international promotion of University. President of the university feels that university is not so famous in foreign countries and not so attractive to international students, so she asks you to give some recommendations on how to improve the image and fame of the University and how to attract foreign students.
As the director in charge of international promotion of University, below are the recommendations that can help improve the image and fame of the University and how to attract foreign students.
Offer a wide range of academic programs and courses for international students. This includes both undergraduate and graduate level degrees that cover a wide range of fields. This will attract students who are looking for specialized programs and want to pursue their interests at the university.
Offer scholarships and financial aid to international students. Financial support is one of the most important factors for students when they are choosing a university to attend. By providing scholarships and financial aid, the university can attract more international students to apply for admission.
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Sam's Cat Hotel operates 52 weeks per year, 5 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.50 per bag. The following information is available about these bags. Refer to the standard normal table for z-values. > Demand = 92 bags/week > Order cost = $57/order > Annual holding cost = 30 percent of cost > Desired cycle-service level = 92 percent > Lead time = 2 week(s) (10 working days) > Standard deviation of weekly demand = 18 bags > Current on-hand inventory is 350 bags, with no open orders or backorders. What is the EOQ?
The Economic Order Quantity (EOQ) is a method used to determine the optimal order quantity that minimizes total inventory costs. The EOQ for Sam's Cat Hotel is approximately 113 bags
To calculate the Economic Order Quantity (EOQ), we can use the formula:
EOQ = √((2 × Demand × Order Cost) / Holding Cost per Unit)
Given the information:
Demand = 92 bags/week
Order cost = $57/order
Holding cost = 30% of cost
Cost per unit = $11.50 per bag
First, let's calculate the holding cost per unit:
Holding Cost per Unit = (30% × $11.50) = $3.45
Now, we can substitute the values into the EOQ formula:
EOQ = √((2 × 92 × 57) / 3.45)
Calculating this equation gives us the EOQ for Sam's Cat Hotel.
EOQ = √((2 × 92 × 57) / 3.45) ≈ 112.70
Rounded to the nearest whole number, the EOQ for Sam's Cat Hotel is approximately 113 bags.
Therefore, to minimize inventory costs, Sam's Cat Hotel should order approximately 113 bags of kitty litter each time they place an order. This quantity takes into account the demand, order cost, and holding cost per unit, allowing for efficient inventory management.
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Use a multi-level sort. Sort on city in descending alphabetical order and then on price in ascending order. The price for the first record is ? O$ 92,000 O $ 85,373 $534,692 None of the above
The price for the first record is $534,692.
To sort the data in a multi-level sort, we first need to sort by city in descending alphabetical order. This means that the city with the highest alphabetical value will be at the top of the list, followed by the city with the second highest alphabetical value, and so on. Once the data is sorted by city, we then need to sort by price in ascending order. This means that the record with the lowest price will be at the top of the list, followed by the record with the second lowest price, and so on.
In this case, the first record in the list will be the record with the highest city value and the lowest price. This record is for a house in San Francisco, which has the highest alphabetical value of any city in the list. The price of this house is $534,692, which is the lowest price in the list. Therefore, the answer to your question is $534,692.
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Think about someone you know who is an entrepreneur. What are the advantages of owning their own business? What are the disadvantages? Why did they start their business? What method did they use to start their business? Use your own words and do not copy and paste from an external source. If using the course materials, use APA citation.
The advantages of owning their own business for the entrepreneur include autonomy and control over decision-making, potential financial rewards, and the ability to pursue their passion.
Entrepreneurship offers several advantages to individuals who own their own business. Firstly, entrepreneurs have the autonomy and control to make decisions and shape the direction of their business according to their vision. They can implement innovative ideas, be creative, and adapt quickly to market changes. Secondly, successful entrepreneurship can lead to significant financial rewards. Entrepreneurs have the potential to generate substantial profits and build wealth. Finally, many entrepreneurs are driven by their passion. They have the opportunity to pursue their interests and turn their hobbies or skills into a successful business venture.
However, there are also disadvantages to entrepreneurship. Owning a business requires increased responsibilities, including managing various aspects such as operations, finances, marketing, and human resources. Entrepreneurs often work long hours and face high levels of stress. Additionally, starting a business involves financial risks. Entrepreneurs invest their own money or seek external funding, and there is no guarantee of success. Moreover, the uncertain nature of entrepreneurship can be challenging, as market conditions, competition, and customer preferences may change rapidly.
The specific entrepreneur in question started their business to fulfill a particular need or pursue a personal vision. They identified an opportunity in the market or a problem they wanted to solve. The entrepreneur used a specific method to start their business, which could include bootstrapping (self-funding), securing loans from banks or financial institutions, or seeking investments from venture capitalists or angel investors. The chosen method depended on factors such as the entrepreneur's financial resources, risk tolerance, and growth ambitions.
In conclusion, entrepreneurship offers advantages such as autonomy, financial rewards, and the pursuit of passion. However, it also comes with disadvantages such as increased responsibilities, financial risks, and uncertainty. The entrepreneur started their business to fulfill a specific need or personal vision, and they used a specific method to initiate their entrepreneurial journey.
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Entrepreneurs often purchase club memberships in order to meet customers: Such memberships are not deductible. It is better to buy such memberships for good customers. Such memberships are deductible as "business entertaining." It is illegal to meet customers in a private club.
The statement "Entrepreneurs often purchase club memberships in order to meet customers: Such memberships are not deductible" is False. Club memberships purchased to meet customers can be deductible as "business entertaining" under certain conditions.
The statement is incorrect because club memberships purchased by entrepreneurs to meet customers can be deductible as "business entertaining" expenses, subject to certain rules and limitations. The deductibility of such expenses depends on the purpose and nature of the club membership and the specific regulations and guidelines set by tax authorities.
In general, to qualify for a deduction, the expenses must be directly related to the active conduct of the business or have a clear business purpose. If the club membership is primarily used to entertain customers and facilitate business discussions, it may be considered a deductible expense. However, it is important to note that there are limitations and restrictions on the amount of deduction allowed and specific record-keeping requirements may apply.
It is not accurate to state that such memberships are not deductible or that it is illegal to meet customers in a private club. The deductibility of club memberships as business expenses can vary based on the jurisdiction and specific circumstances, so it is advisable for entrepreneurs to consult with a tax professional or refer to relevant tax laws and regulations to determine the deductibility of such expenses in their specific situation.
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Refer to the following merchandising transactions for Scout Systems.
Nov. 1 Scout Systems purchases merchandise for 85,40 on credit with terms of 3/10, n/30. 5 Scout Systems pays for the previous purchase. 7 Scout Systems receives payment for returned defective merchandise of $700 that was purchased on Novenmber 1 . 10 Scout systems pays \$500 to transport merchandise to its stare. 13 Scout Systems sells merchandise for $7,500 on account. The cost of the merchandise was $5,200, 16 A customer returns merchandise from the November 13 transaction. The returned item sold for $1, 300 and cost $830. The Iten will be returned to inventory. a. Journalize the above transactions for Scout Systems assuming a periodic system. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) b. Journalize the above transactions for Scout Systems assuming a perpetual system.
a. Journal entries for Scout Systems assuming a periodic system:
On November 1:
Merchandise Inventory is debited for $85,400.
Accounts Payable is credited for $85,400.
On November 5:
Accounts Payable is debited for $85,400.
Cash is debited for $83,009.
Purchase Discounts is credited for $2,391.
On November 7:
Cash is debited for $700.
Sales Returns and Allowances is credited for $700.
On November 10:
Delivery Expense is debited for $500.
Cash is credited for $500.
On November 13:
Accounts Receivable is debited for $7,500.
Sales is credited for $7,500.
Cost of Goods Sold is debited for $5,200.
Merchandise Inventory is credited for $5,200.
On November 16:
Sales Returns and Allowances is debited for $1,300.
Accounts Receivable is credited for $1,300.
Merchandise Inventory is debited for $830.
Cost of Goods Sold is credited for $830.
b. Journal entries for Scout Systems assuming a perpetual system:
On November 1:
Merchandise Inventory is debited for $85,400.
Accounts Payable is credited for $85,400.
On November 5:
Accounts Payable is debited for $85,400.
Cash is debited for $83,009.
Merchandise Inventory is credited for $2,391.
On November 7:
Cash is debited for $700.
Sales Returns and Allowances is credited for $700.
On November 10:
Delivery Expense is debited for $500.
Cash is credited for $500.
On November 13:
Accounts Receivable is debited for $7,500.
Sales is credited for $7,500.
Cost of Goods Sold is debited for $5,200.
Merchandise Inventory is credited for $5,200.
On November 16:
Accounts Receivable is debited for $1,300.
Sales Returns and Allowances is credited for $1,300.
Merchandise Inventory is debited for $830.
Cost of Goods Sold is credited for $830.
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Assume that one of the polls conducted by the United Medical and Mucho County staff revealed the following results: Employees disengaged was 37% higher, staff absenteeism was 49%, and there were 40% more accidents and 60% more errors on the job. Over time, this translated into 18% lower productivity, 16% lower profitability, 37% lower job growth, and 65% lower share price. This type of behavior impacts the entire organization and must be corrected accordingly. What organizational problem fixing approach is most beneficial in addressing these issues?
The most beneficial organizational problem-fixing approach for addressing issues like disengagement, absenteeism, accidents, errors, lower productivity, profitability, job growth, and share price is a comprehensive strategy focused on improving employee engagement, leadership development, performance management, training, safety, communication, and incentives.
This approach should prioritize the following:
Employee Engagement: Implement strategies to enhance employee engagement, such as providing opportunities for skill development, fostering a positive work environment, promoting work-life balance, recognizing and rewarding employee contributions, and encouraging open communication and feedback channels.Leadership Development: Invest in leadership development programs to equip managers with the necessary skills to effectively lead and inspire their teams. Strong leadership is crucial in creating a supportive and engaging work culture.Performance Management: Establish clear performance expectations, goals, and metrics. Implement regular performance evaluations and provide constructive feedback to help employees improve and grow. Identify and address any barriers or challenges that hinder performance.Training and Development: Offer ongoing training and development programs to enhance employee skills and knowledge. This can include technical training, soft skills development, and opportunities for career advancement.Safety and Risk Management: Implement robust safety protocols, training, and measures to minimize accidents and errors. Foster a safety-conscious culture where employees are encouraged to report near misses, provide suggestions for improvements, and actively participate in creating a safe work environment.Communication and Collaboration: Foster effective communication and collaboration across the organization. Encourage teamwork, knowledge sharing, and cross-functional collaboration to improve productivity and reduce errors.Performance Incentives: Consider implementing performance-based incentives and rewards to motivate employees and reinforce desired behaviors and outcomes.By adopting this comprehensive approach, organizations can address the underlying issues of disengagement, absenteeism, accidents, errors, and their subsequent negative impacts. It promotes a culture of employee well-being, continuous improvement, and accountability, leading to higher productivity, profitability, job growth, and shareholder value.
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Develop a marketing plan to encourage college students to make smart financial decisions in college. For the marketing plan, you should be an evil economistwho uses people's biases against them to make them better people.
The marketing plan aims to encourage college students to make smart financial decisions by leveraging behavioral biases and psychological tactics.
The marketing plan will utilize various strategies to influence college students' financial decision-making. Firstly, it will leverage the "status quo bias" by presenting default options that align with smart financial choices. For example, defaulting to automatic savings plans or budgeting tools can encourage students to save and manage their money effectively without requiring much effort. Secondly, the plan will tap into the "loss aversion bias" by emphasizing the potential negative consequences of poor financial decisions, such as accumulating debt or missing out on future opportunities. By highlighting the costs of inaction, students will be motivated to take proactive steps toward financial responsibility. Thirdly, the plan will employ social proof and peer influence, showcasing success stories of financially savvy students who have made wise choices and achieved financial stability. This will create a sense of social desirability around smart financial decisions and inspire others to follow suit. Additionally, the plan will provide easily accessible and user-friendly financial education resources, such as interactive workshops or mobile apps, to enhance financial literacy and empower students to make informed choices. By leveraging behavioral biases and employing psychological tactics, the marketing plan aims to effectively promote smart financial decision-making among college students, ultimately leading to improved financial outcomes and long-term financial well-being.
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Dubai Airlines, has determined that the second plane took 16,000 hours to produce. Using an 85% learning curve and a $40-per-hour labor charge, he wants to determine the cost of the six additional planes. Time required for the sixth unit = 12,367 hours (round your response to the nearest whole number). Cost of the sixth unit = ______dollars (round your response to the nearest whole number).
The Cost of the sixth unit is 82,446.67dollars.
To find the cost of the sixth unit we have to calculate the total cost of six units and divide the cost by 6 to get the cost of the sixth unit.
Cost of the second unit:
Let us assume that cost of the second unit is 100x (base price)
Number of hours required to build the second unit = 16,000
Since the learning curve percentage is 85%,Therefore the time required to build the first unit = (100/85)^0.19 × 16,000 = 7,336.37 hours
To find the unit cost after 16,000 hours, we use the learning curve formula for cumulative average time (Tn): Tn = k(N^b)
Where, Tn = Cumulative average time to produce the Nth unit, k = Time for the first unit, N = Number of units, b = log (1/0.85) / log (2) = 0.459152N2 = 2T2 = 16,000 hours
16,000 = k(2^0.459152)k = 16,000 / 1.4142 = 11,313.71 hours
Using k we can find the total time (T) required to build six units.T6 = 11,313.71 × (6^0.459152)T6 = 31,786.68 hours, Cost of producing six units.
The total cost of six units is the sum of the individual unit costs.
Cost of producing 2 units = 100xCost of producing 4 units = Cost of producing 2 units + Cost of producing 2nd unit of the third and fourth units
Cost of producing 4 units = 100x + 85% of 100x = 185xCost of producing 6 units = Cost of producing 4 units + Cost of producing 2nd unit of the fifth and sixth units.
Cost of producing 6 units = 185x + 85% of 85x = 300.25x
We are given that the time required to build the sixth unit is 12,367.
Therefore, T6 = 12,367
Cost of 1 hour of labor = $40
Total labor charge= 12,367 × $40 = $494,680
Therefore, the cost of the sixth unit is: $494,680/6 = $82,446.67
Answer: $82,446.67.
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Harris store is financed with 48 percent debt and the rest equity. It therefore has a leveraged beta of 1.7 and is subject to a 35% corporate tax rate. What is Bori's unleverged beta?
Round answer to two decimals.
To find Bori's unleveraged beta, we need to use the formula for the unleveraged beta:
Unleveraged Beta = Leveraged Beta / (1 + (1 - Tax Rate) * Debt/Equity Ratio)
Given:
Leveraged Beta = 1.7
Tax Rate = 35%
Debt/Equity Ratio = 48%/52% = 0.923
Substituting the values into the formula, we get:
Unleveraged Beta = 1.7 / (1 + (1 - 0.35) * 0.923)
Calculating the value:
Unleveraged Beta = 1.7 / (1 + (0.65) * 0.923) ≈ 1.35
Therefore, Bori's unleveraged beta is approximately 1.35.
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