Marketing research and marketing analytics are different in terms of their scope, data, and validity1234. Marketing research is a form of primary research that collects data directly from the market and customers, and provides qualitative and quantitative insights that are valid for a short period of time234. Marketing analytics is a form of secondary research that synthesizes data from various sources, and provides quantitative and contextualized insights that are valid for a longer period of time1234.
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businessfinancefinance questions and answers6. a close family friend will sell you his coffee shop for $250,000, with "seller financing," at a 6.0% nominal annual rate. the terms of the loan would require you to make 12 equal end-of-month payments per year for 4 years, and then make an additional final (balloon) payment of $50,000 at the end of the last month. what would your equal monthly payments
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Question: 6. A Close Family Friend Will Sell You His Coffee Shop For $250,000, With "Seller Financing," At A 6.0% Nominal Annual Rate. The Terms Of The Loan Would Require You To Make 12 Equal End-Of-Month Payments Per Year For 4 Years, And Then Make An Additional Final (Balloon) Payment Of $50,000 At The End Of The Last Month. What Would Your Equal Monthly Payments

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solution: pv = 250000 fv = ba…
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6. A close family friend will sell you his coffee shop for $250,000, with "seller financing," at a 6.0% nominal annual rate. The terms of the loan would require you to make 12 equal end-of-month payments per year for 4 years, and then make an additional final (balloon) payment of $50,000 at the end of the last month. What would your equal monthly payments be?
The present value of the loan is $250,000 and the future value is $50,000. Therefore equal monthly payment would be $5,764.39.
The payment occurs at the end of the month, therefore it is an ordinary annuity. The loan will be paid off with 12 equal payments at the end of each month for the first 4 years and an additional payment of $50,000 at the end of the last month.
Therefore, the total number of payments will be 12 x 4 + 1 = 49.
Using a financial calculator, we can solve for the equal monthly payment (PMT): PV = -$250,000 FV = -$50,000 N = 49I/Y = 6/12 (nominal annual rate converted to monthly rate) PMT = $5,764.39
Therefore, the equal monthly payment would be $5,764.39.
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and the senice demand function for dimees is: Qd=200−p The marainal cost of a dinnec is censtant at $15.Qt=180−2P. The marginal cost of a dinner is censtant at $15. Suppose the managers do not price discriminate and there is no fixed cost. The price they will charge per einner is 4 (Round your answer to two decina places) (Hint: The domand curve in this case wis have a kink in if of the price at which the senior domand is first positive so that the quantity thoy domand noeds to bo added fo the quantity the adules domand. The kink croates a jump in the marginal rovenue curve at this quantity.) Suppose the managers de price discriminate. The price they will charge adults is $ per dinnec, and the price they will charge senioes is $ per dinner. (Round your answer to fwo decimar phaces) The quanthy of dinners they will sell to adults is and the quamity of dinnees they wil sell to seniors is Suppose there is no fixed cost. The restauranfs economio profit if the managnes charge one price is $ The restaurant's economic profit if the managers engage in price dacrimination is $ (Round your answers fo two decimal places.) Do the managers want to price discriminate? A. No, the managers do not want to price discriminale because they would not be able to convert the consumer surplus into additional profits. B. Yes, the managers want to price discriminate because they will be able to reduce their marginal cost. C. No, the managers do not want to price discriminate because their profits would not increase. D. Yes, the managers want to price discriminate because they will be able to increase their economic profits:
To answer the given questions, let's break them down one by one:
1. The service demand function for dinners is given as: Qd = 200 - p. The marginal cost of a dinner is constant at $15. The quantity of dinners demanded by adults (Qt) is given by Qt = 180 - 2P.
To find the price per dinner, we need to determine the point at which the senior demand becomes positive. At this point, the quantity demanded by seniors needs to be added to the quantity demanded by adults. The senior demand becomes positive when Qd (senior demand) = 0.
Setting Qd = 0, we have:
0 = 200 - p
p = 200
So, at a price of $200, the senior demand becomes positive. The quantity demanded by seniors is then:
Qd(senior) = 200 - 200
Qd(senior) = 0
Therefore, the quantity of dinners demanded by adults (Qt) is:
Qt = 180 - 2P
Qt = 180 - 2(200)
Qt = 180 - 400
Qt = -220
Since the quantity demanded cannot be negative, we set Qt to zero:
0 = 180 - 2P
2P = 180
P = 90
Hence, the price per dinner when there is no price discrimination is $90.
2. The managers want to price discriminate. Let's calculate the price they will charge for adults and seniors.
Since the managers want to price discriminate, they can set different prices for adults and seniors. Let's assume the price for adults is Pa and the price for seniors is Ps.
To maximize profit, they need to set the prices such that marginal revenue equals marginal cost. In this case, marginal revenue is equal to the price since the demand functions are linear.
For adults:
Marginal Revenue (Ma) = Pa
Marginal Cost = $15
Setting Ma = Marginal Cost:
Pa = $15
For seniors:
Marginal Revenue (Ms) = Ps
Marginal Cost = $15
Setting Ms = Marginal Cost:
Ps = $15
Therefore, the price they will charge for adults is $15 per dinner, and the price they will charge for seniors is also $15 per dinner.
3. The quantity of dinners they will sell to adults and seniors:
The quantity of dinners sold to adults is given by Qt = 180 - 2P.
Plugging in the price for adults:
Qt = 180 - 2(15)
Qt = 180 - 30
Qt = 150
The quantity of dinners sold to seniors is given by Qd(senior) = 0.
Therefore, the quantity of dinners they will sell to adults is 150, and the quantity of dinners they will sell to seniors is 0.
4. Economic profit:
To calculate the economic profit, we need to consider the total revenue and total cost.
When there is one price:
Total Revenue = Price * Quantity
Total Revenue = $90 * 150
Total Revenue = $13,500
Total Cost = Marginal Cost * Quantity
Total Cost = $15 * 150
Total Cost = $2,250
Economic Profit = Total Revenue - Total Cost
Economic Profit = $13,500 - $2,250
Economic Profit = $11,250
When price discrimination is used:
Total Revenue from adults = Price (Pa) * Quantity (Qt)
Total Revenue from adults = $15 * 150
Total Revenue from adults = $2,250
Total Revenue from seniors = Price (Ps) * Quantity (Qd(senior))
Total Revenue from seniors = $15 * 0
Total Revenue from seniors = $0
Total Revenue = Total Revenue from adults + Total Revenue from seniors
Total Revenue = $2,250 + $0
Total Revenue = $2,250
Total Cost remains the same at $2,250.
Economic Profit = Total Revenue - Total Cost
Economic Profit = $2,250 - $2,250
Economic Profit = $0
Therefore, the economic profit if the managers charge one price is $11,250, and the economic profit if they engage in price discrimination is $0.
5. Do the managers want to price discriminate?
The managers want to price discriminate because, by charging different prices for adults and seniors, they can increase their economic profit from $11,250 (with one price) to $0 (with price discrimination). Option D is correct: Yes, the managers want to price discriminate because they will be able to increase their economic profits.
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(Future value of an annuity) Let's say you deposited $170,000 in a 529 plan (a tax advantaged college savings plan) hoping to have $400,000 available 14 years later when your first child starts college. However, you didn't invest very well, and 3 years later the account balance dropped to $150,000. Let's look at what you need to do to get the college savings plan back on track. What was the original annual rate of return needed to reach your goal when you started the fund 3 years ago? b. With only $150,000 in the fund and 11 years remaining until your first child starts college, what annual rate of return would the fund have to make to reach your S400,000 goal if you add nothing to the account? c. Shocked by your experience of the past 3 years, you feel the college fund has invested too much in stocks, and you want a low-risk fund in order to ensure you have the necessary $400,000 in 11 years. You are willing to make end-of-the-month deposits to the fund as well. You find you can get a fund that promises to pay a guaranteed annual return of 4 percent which is compounded monthly. You decide to transfer the $150,000 to this new fund and make the necessary monthly deposits. How large of a monthly deposit must you make into this new fund? d. After seeing how large the monthly deposit would be (in part c of this problem), you decide to invest the $150,000 today and $450 at the end of each month for the next 11 years into a fund consisting of 50 percent stock and 50 percent bonds and hope for the best. What APR would the fund have to earn in order to reach your $400,000 goal?
This time, the future value you want to reach is $400,000, the annual deposit is 12 times the monthly deposit (since you're making monthly deposits), the number of years until the goal is 11, and the number of years the account has been open is 0.
[tex]400,000 = 150,000 + 12 * 450 * ((1 + r)^12 - 1) / r[/tex]
In this case, the future value you want to reach is $400,000, the annual deposit is $170,000, the number of years until the goal is 14, and the number of years the account has been open is 3.
[tex]400,000 = 170,000 * (1 + r)^14 - 170,000 * (1 + r)^3[/tex]
Simplifying the equation, we get:
[tex](1 + r)^14 - (1 + r)^3 = 400,000 / 170,000[/tex]
By solving this equation, you can find the original annual rate of return needed.
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Which of the following acts would be considered grounds for a wrongful discharge suit involving a violation of public policy?
Select one:
a. Thuy is refused employment because she has a criminal record.
b. Rashad is terminated because he does something unethical.
c. Rosa is terminated because she refuses to do something unsafe.
d. Leon is refused employment on account of lack of credentials.
e. Allen is terminated because he does something illegal.
The act that would be considered grounds for a wrongful discharge suit involving a violation of public policy is option c.
Rosa is terminated because she refuses to do something unsafe. Wrongful discharge suits based on violation of public policy typically involve situations where an employee is terminated for engaging in protected activities or refusing to engage in illegal or unethical behavior. In this case, Rosa's termination for refusing to perform an unsafe task is likely to be considered a violation of public policy because it goes against the principle of protecting employees' safety and well-being.
When it comes to wrongful discharge suits involving a violation of public policy, it's important to note that each jurisdiction may have specific laws and regulations that determine the grounds for such claims. Generally, public policy violations are recognized when an employee is terminated for exercising rights or refusing to engage in activities that are protected by law, such as reporting illegal activities, whistleblowing, or refusing to perform unsafe tasks.
Rosa's case falls into the latter category, as she was terminated for refusing to do something unsafe, which can be seen as a violation of public policy that protects employees from hazardous working conditions.
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You have been given the following return data, on three assets-A, B, and C-over the period 2021-2024. Using these assets, you have isolated three investment alternatives: a. Calculate the average portfolio return for each of the three alternatives. b. Calculate the standard deviation of returns for each of the three alternatives. c. On the basis of your findings parts a and b, which of the three investment alternatives would you recommend? Why? C a. Calculate the portfolio return over the 4-year period for each of the 3 alternatives. Alternative 1: % (Round to two decimal places.) Alternative 2: % (Round to two decimal places.) Alternative 3: % (Round to two decimal places.) b. Calculate the standard deviation of returns over the 4-year period for each of the 3 alternatives. Alternative 1: % (Round to three decimal places.) Alternative 2: % (Round to three decimal places.) Alternative 3: % (Round to three decimal places.) c. On the basis of your findings in parts a and b, which of the 3 investment alternatives would you recommend? Why? (Select the best choice below.) O A. Alternative 3 is the best choice: it is perfectly negatively correlated and has the least risk. O B. Alternative 1 has the highest average return; therefore, it is the most attractive alternative. O C. Alternative 2 is the best choice: it is perfectly negatively correlated and has the least risk. O D. Alternative 3 has positively correlated assets; therefore, it is the least risky. Data table (Click on the icon here in order to copy its contents of the data table below into a spreadsheet.) Expected Return Year Asset A Asset B Asset C 2021 7% 8% 2% 2022 9% 6% 4% 2023 11% 4% 6% 2024 13% 2% 8% Print Done X Data table (Click on the icon here in order to copy its contents of the data table below into a spreadsheet.) Alternative Investment 1 100% of asset A 2 55% of asset A and 45% of asset B 55% of asset A and 45% of asset C 3 Print Done
a. the three alternative investments are: 10%, 8.60% and 7.80%.
b. the standard deviations of the alternative investments are: 2.24%, 1.67% and 1.96%.
c. alternative investment b has return of 8.60% and standard deviation of 1.67%.
a. Calculation of average portfolio return for each of the three alternatives:
Alternative Investment 1 = [(7 + 9 + 11 + 13) / 4] = 10%
Alternative Investment 2 = [(7 * 0.55 + 6 * 0.45 + 9 * 0.55 + 4 * 0.45 + 11 * 0.55 + 6 * 0.45 + 13 * 0.55 + 8 * 0.45) / 4] = 8.60%
Alternative Investment 3 = [(7 * 0.55 + 2 * 0.45 + 9 * 0.55 + 4 * 0.45 + 11 * 0.55 + 6 * 0.45 + 13 * 0.55 + 8 * 0.45) / 4] = 7.80%
b. Calculation of standard deviation of returns for each of the three alternatives:
Alternative Investment 1 = SQRT[1/4{(7 - 10)^2 + (9 - 10)^2 + (11 - 10)^2 + (13 - 10)^2}] = 2.24%
Alternative Investment 2 = SQRT[1/4{(7 * 0.55 + 6 * 0.45 - 8.60)^2 + (7 * 0.55 + 4 * 0.45 - 8.60)^2 + (9 * 0.55 + 6 * 0.45 - 8.60)^2 + (9 * 0.55 + 4 * 0.45 - 8.60)^2 + (11 * 0.55 + 6 * 0.45 - 8.60)^2 + (11 * 0.55 + 4 * 0.45 - 8.60)^2 + (13 * 0.55 + 6 * 0.45 - 8.60)^2 + (13 * 0.55 + 8 * 0.45 - 8.60)^2}] = 1.67%
Alternative Investment 3 = SQRT[1/4{(7 * 0.55 + 2 * 0.45 - 7.80)^2 + (7 * 0.55 + 8 * 0.45 - 7.80)^2 + (9 * 0.55 + 2 * 0.45 - 7.80)^2 + (9 * 0.55 + 8 * 0.45 - 7.80)^2 + (11 * 0.55 + 2 * 0.45 - 7.80)^2 + (11 * 0.55 + 8 * 0.45 - 7.80)^2 + (13 * 0.55 + 2 * 0.45 - 7.80)^2 + (13 * 0.55 + 8 * 0.45 - 7.80)^2}] = 1.96%
c. Recommendation based on findings in part a and b:
The alternative that has the highest average portfolio return is Alternative Investment 1 with a return of 10%. However, Alternative Investment 2 has the least standard deviation of returns and is the most attractive option. It has a return of 8.60% and a standard deviation of 1.67%.
Therefore, the recommended investment alternative is Alternative Investment 2 because it has a high return and low risk.
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Bergerac needed to make a decision quickly about in-house development or external acquisition due to inconsistency in the supply of cartridges.
True
False
0.16 points
QUESTION 2
Veterinary clinics found that having diagnostic equipment in-house led to a lower volume of testing.
True
False
0.16 points
QUESTION 3
Which of the following are true about Bergerac's competitors? (select all that apply)
Bergerac's OmniVue product was at a higher price point than the comparable system offered by Abaxis
Idexx had the largest product line and the best-established distribution network and sales force
Bergerac saw an opportunity for itself to capture market share in small- and medium-sized veterinary practices
Bergerac was the market share leader in the veterinary diagnostics instruments market
0.48 points
QUESTION 4
Which of the following statements are true of the build vs. buy decision? (select all that apply)
McCarthy's analysis assumed a ~8% annual growth in production demand in the years ahead
Bergerac's business already accounted for more than 90% of GenieTech's revenue
In the "build" option, the machinery Bergerac would use would be less efficient than what GenieTech uses
McCarthy calculated more annual savings with the in-house option at current rates of production
0.48 points
QUESTION 5
Analyses mentioned in the case suggested that the market for in-house diagnostics would grow in the next five years.
True
False
0.24 points
QUESTION 6
Which of the following statements are true of Bergerac's cartridge sourcing and production processes? (select all that apply)
Despite dependencies on petrochemical prices, plastics suppliers enjoyed a market with very high margins
Bergerac had to carry more inventory than they would like
Bergerac sourced the plastic parts for its cartridges from only one supplier--GenieTech
It was difficult for cartridge suppliers to respond to unexpected spikes in demand
The answer to the following statements are given below
1. False 2. False 3. True 4. True 5. True 6. False 7. True 8. False 9. False 10. True 11. True 12. False 13. True 14. False 15. True
1. The statement is false. Bergerac's need to make a decision quickly about in-house development or external acquisition was driven by inconsistency in the supply of cartridges.
2. The statement is false. Veterinary clinics found that having diagnostic equipment in-house actually led to a higher volume of testing.
3. The statement is true. Bergerac's OmniVue product was positioned at a higher price point compared to Abaxis' comparable system.
4. The statement is true. Idexx had the largest product line and the best-established distribution network and sales force in the market.
5. The statement is true. Bergerac identified an opportunity to capture market share in small- and medium-sized veterinary practices.
6. The statement is false. Bergerac was not the market share leader in the veterinary diagnostics instruments market.
7. The statement is true. McCarthy's analysis assumed an annual growth rate of approximately 8% in production demand for the future.
8. The statement is false. Bergerac's business did not account for more than 90% of GenieTech's revenue.
9. The statement is false. The machinery used in the "build" option was assumed to be equally or more efficient than what GenieTech uses.
10. The statement is true. McCarthy's analysis calculated more annual savings with the in-house option at current rates of production.
11. The statement is true. The analyses conducted in the case indicated that the market for in-house diagnostics would experience growth in the next five years.
12. The statement is false. Despite dependencies on petrochemical prices, plastics suppliers did not enjoy high margins in their market.
13. The statement is true. Bergerac had to carry more inventory than desired due to limitations in cartridge sourcing and production processes.
14. The statement is false. Bergerac sourced the plastic parts for its cartridges from a single supplier, GenieTech.
15. The statement is true. Cartridge suppliers faced challenges in responding to unexpected spikes in demand, causing difficulties in meeting the supply requirements of Bergerac's production processes.
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Which of the following is true about the mean square deviation (MSD) when used to assess the quality of a prediction or forecast?
It is calculated for the in-sample group.
A lower value implies a better prediction.
It is measured in the original units of the dependent variable.
Both B and C.
None of the above.
The correct answer is "Both B and C." In the context of assessing the quality of a prediction or forecast, the mean square deviation (MSD) is calculated to measure the accuracy of the predictions.
A lower value of MSD indicates a better prediction, as it signifies that the predicted values are closer to the actual observed values. This implies that the prediction or forecast is more accurate and has a smaller deviation from the true values.
Furthermore, MSD is measured in the original units of the dependent variable. This means that the MSD value will have the same units as the variable being predicted. For example, if the dependent variable is measured in dollars, the MSD will also be measured in dollars. This allows for a direct interpretation of the accuracy of the prediction in the same units as the data being analyzed.
In summary, the mean square deviation (MSD) is calculated for the in-sample group and a lower value implies a better prediction. Moreover, MSD is measured in the original units of the dependent variable, enabling a direct interpretation of the prediction's accuracy in the same units as the data.
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Read the 17 UN sustainability goals. Reflect on which goal you
feel could most effectively be achieved using a traditional project
management approach? why?
While all 17 SDGs require a collaborative and holistic approach to achieve success, Goal 6 - Clean Water and Sanitation - could benefit from a traditional project management approach due to its specific and tangible objectives, clear scope, and stakeholder engagement requirements.
The United Nations' 17 Sustainable Development Goals (SDGs) are interconnected and require a collaborative, cross-sectoral approach to achieve success.
However, some goals are more conducive to traditional project management approaches than others.
In my opinion, Goal 6 - Clean Water and Sanitation - could be most effectively achieved using a traditional project management approach. This goal focuses on ensuring access to safe and affordable drinking water, improving sanitation and hygiene practices, and protecting and restoring water-related ecosystems.
A traditional project management approach involves setting a clear project objective, defining specific tasks and timelines, identifying required resources, monitoring progress, and adjusting the plan as needed.
These principles can be applied to Goal 6 by developing a project plan to improve water supply infrastructure, upgrade wastewater treatment facilities, and promote sustainable water use practices.
For example, a project manager could lead a team of experts in designing and implementing a water distribution system in a community lacking access to clean water.
The team could identify the scope of the project, set a timeline for completion, allocate resources such as funding, equipment, and personnel, and monitor progress to ensure that the project is delivered on time and within budget.
Moreover, traditional project management approaches often involve stakeholder engagement and communication, which are particularly important for Goal 6.
A project manager could work with local communities, government agencies, and other stakeholders to identify their needs, preferences, and concerns related to water and sanitation issues.
By involving stakeholders in the project planning and implementation process, the project is more likely to meet their expectations and have a positive impact on the community.
In conclusion, while all 17 SDGs require a collaborative and holistic approach to achieve success, Goal 6 - Clean Water and Sanitation - could benefit from a traditional project management approach due to its specific and tangible objectives, clear scope, and stakeholder engagement requirements.
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10 5 Dints 00:57:36 oBook Hint Pont References Mc The following is information for Palmer Company. Year 3 $ 593,825 101, 400 Cost of goods sold Ending inventory Inventory turnover Days' sales in inventory Year 23 $376,650 91, 750 inventory turnover Year 1 $ 341,300 96,500 Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2. From Year 2 to Year 3, did Palmer improve its (a) inventory turnover and (b) days' sales in inventory? < Prev Use the above information to compute inventory turnover for Year 2, and its days' sales in inventory at December 31, Year 2 Numerator Denominator Ratio Help Use the above information to compute inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 1 Numerator 1 Denominator Ratio 10 of 19 Save & Exit Submit Next > Check my work
Palmer Company improved both its inventory turnover and days' sales in inventory from Year 2 to Year 3. This indicates better efficiency in managing inventory and selling products, as the company increased its inventory turnover and reduced the number of days it takes to sell its inventory.
To compute the inventory turnover and days' sales in inventory for Palmer Company, we can use the provided information:
Year 3:
Cost of goods sold: $593,825
Ending inventory: $101,400
Inventory turnover: Cost of goods sold / Ending inventory = $593,825 / $101,400 = 5.85
Days' sales in inventory: 365 days / Inventory turnover = 365 days / 5.85 = 62.57 days
Year 2:
Cost of goods sold: $376,650
Ending inventory: $91,750
Inventory turnover: Cost of goods sold / Ending inventory = $376,650 / $91,750 = 4.11
Days' sales in inventory: 365 days / Inventory turnover = 365 days / 4.11 = 88.89 days
From Year 2 to Year 3, Palmer Company improved its inventory turnover as it increased from 4.11 to 5.85. A higher inventory turnover indicates that the company is selling its inventory more efficiently. Additionally, the days' sales in inventory decreased from 88.89 days to 62.57 days, suggesting that Palmer Company was able to sell its inventory faster in Year 3 compared to Year 2.
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Suppose X and Y are substitutes. If the price of Y increases, the demand for X will most likely _______, and the quantity demanded of X will also _______.
1) increase, increase
2) increase, decrease
3) decrease, increase
4) decrease, decrease
5) None of the above.
Q19 (1 point)
Suppose X is a normal good. If the income increases, the demand for X will ______.
1) increase
2) decrease
3) stay the same
Suppose X and Y are substitutes. If the price of Y increases, the demand for X will most likely increase, and the quantity demanded of X will also increase.
This means option 1 is correct.
The reason for this is that when the price of a substitute good, Y, increases, consumers tend to switch to the cheaper alternative, which is good X.
As a result, the demand for X increases. This increase in demand for X leads to an increase in the quantity demanded of X.
2. If X is a normal good and income increases, the demand for X will generally increase.
This is because as income rises, consumers have more purchasing power, which allows them to buy more of normal goods like X.
Therefore, an increase in income usually leads to an increase in the demand for X.
Hence, option 1. is correct.
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By using the Barney VRIO framework evaluate the key sources of a company of your choice.
View other drafts
The Barney VRIO framework to evaluate the key sources of value for Apple. The Barney VRIO framework is a tool that can be used to assess the competitive advantage of a company. The framework looks at four factors:
Value: Does the resource or capability add value to the company?
Rareness: Is the resource or capability rare?
Imitability: Is it difficult for competitors to imitate the resource or capability?
**Organizational: Is the company organized in a way that can exploit the resource or capability?
Value
Apple's products are known for their high quality and innovative design. These factors add value to the company by attracting customers and differentiating Apple's products from those of its competitors.
Rareness
Apple's products are often considered to be unique and difficult to replicate. This rarity gives Apple a competitive advantage because it allows the company to charge a premium for its products.
Imitability
Apple's products are often considered to be difficult to imitate. This imitative difficulty is due to a number of factors, including Apple's strong brand, its loyal customer base, and its vertically integrated supply chain.
Organization
Apple is well-organized to exploit its resources and capabilities. The company has a strong culture of innovation and design, and it is able to quickly bring new products to market.
Overall, Apple's key sources of value are valuable, rare, difficult to imitate, and well-organized. This gives Apple a strong competitive advantage in the market.
Here are some additional thoughts on Apple's key sources of value:
. Apple's brand: Apple has one of the strongest brands in the world. This brand gives Apple a significant advantage over its competitors.
. Apple's customer base: Apple has a loyal customer base that is willing to pay a premium for its products. This customer base gives Apple a significant source of revenue.
. Apple's supply chain: Apple has a vertically integrated supply chain that gives it control over the production of its products. This control gives Apple a significant advantage over its competitors.
By understanding its key sources of value, Apple can continue to innovate and grow in the market.
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Robert is hoping to buy an oceanfront vacation/retirement home and figures he will need $171,783 for the down payment and closing costs. He earns 4.85 percent on his investments compounded annually. If he can save $2,030 at the beginning of each year,how long will it take him to reach his goal?
Round the answer to two decimal places.
Your Answer:
Question
Robert needs $171,783 for the down payment and closing costs.Robert earns 4.85 percent on his investments compounded annually. Robert saves $2,030 at the beginning of each year.
Let the time taken to reach his goal be 'n'.Using the compound interest formula, we can calculate the time taken to reach his goal.FV [tex]= PV (1+r)ⁿ[/tex], where; FV = Future Value; PV = Present Value (amount invested or deposited)r = annual interest rate (as a decimal) and n = number of years.
Let's substitute the given values to find the time taken by Robert to reach his goal for the compound interest
$171,783 = $2,030 ((1 + 0.0485)ⁿ - 1) / 0.0485 $171,783 = [tex]$2,030* ((1.0485)ⁿ - 1) / 0.0485[/tex]
[Divide by $2,030 both sides]
$171,783 / $2
$84.64 = (1.0485)ⁿ - 1(1.0485)ⁿ = 1 + $84.64 (
Add 1 both sides)(1.0485)ⁿ = $85.64
(Divide by $85.64 both sides)
1.0485ⁿ = 1.006086744... (Round the answer to 9 decimal places)
Taking the logarithm on both sides,log₁₀1.0485ⁿ = log₁₀1.006086744...n log₁₀1.0485 = log₁₀1.006086744...n = log₁₀1.006086744... / log₁₀1.0485n = 95.372 years (rounded to two decimal places)
Therefore, it will take Robert approximately 95.37 years to reach his goal.
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tech guru Company sells electric pan
with the selling price of 1,800
baht each. The unit variable cost is 600
baht. Total fixed operating costs are
1,800,000 baht. The company needs to
sell how many units to break-even.
1,500.
1,000.
1,200.
1,800.
To calculate the breakeven point in units, we can use the following formula: Breakeven point (units) = Total fixed costs / Contribution margin per unit. The company needs to sell 1,500 units to break even.
So, the correct option is: 1,500.
The contribution margin per unit is calculated as:
Contribution margin per unit = Selling price per unit - Variable cost per unit
In this case, the selling price per unit is 1,800 baht and the variable cost per unit is 600 baht. So, the contribution margin per unit is:
Contribution margin per unit = 1,800 - 600 = 1,200 baht
The total fixed operating costs are given as 1,800,000 baht.
Using the formula above, we get:
Breakeven point (units) = 1,800,000 / 1,200 = 1,500 units.
Therefore, the company needs to sell 1,500 units to break even.
So, the correct option is: 1,500.
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3. Design an assembly line for preparing a turkey sub (lettuce, tomato, mayonnaise, and turkey). Use about six (6) workstations. Begin with "cut the bun open," and end with "close the bun and cut the sub in half." Estimate the time needed (in seconds) for each workstation. (6 marks)
Assembly line workstations for preparing a turkey sub: Cut the bun open, Apply mayonnaise, Add lettuce, Add tomato, Place turkey,Close the bun and cut the sub in half. Let's design:
To design an assembly line for preparing a turkey sub, we can divide the process into six workstations. Each workstation will focus on a specific task, allowing for a smooth and efficient flow of production. The estimated time needed for each workstation can vary depending on factors such as the complexity of the task and the skills of the workers. However, we can provide rough estimates based on typical sub preparation times. Cut the bun open: This workstation involves slicing the bun open. The estimated time for this task could be around 5 seconds per sub. Apply mayonnaise: At this workstation, the worker applies mayonnaise to the cut sides of the bun. The estimated time for this task may be around 3 seconds per sub. Add lettuce: The worker places lettuce on one side of the bun. This task can be completed in approximately 4 seconds per sub.
Add tomato: Similar to the previous workstation, the worker adds tomato slices to the sub. This step might take around 4 seconds per sub. Place turkey: The worker places turkey slices on top of the tomato. The estimated time for this task could be around 6 seconds per sub. Close the bun and cut the sub in half: At the final workstation, the worker closes the bun, creating a sandwich, and cuts it in half. This step might take approximately 7 seconds per sub.
It's important to note that these time estimates are rough approximations and can vary depending on the specific circumstances and the skill level of the workers. However, by assigning specific tasks to each workstation and optimizing the flow, an assembly line approach can help streamline the production process and increase efficiency in preparing turkey subs.
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Suppose you bought a bond with an annual coupon rate of 8.6 percent one year ago for $860. The bond sells for $905 today.
a. Assuming a $1,000 face value, what was your total dollar return on this investment over the past year?
b. What was your total nominal rate of return on this investment over the past year?
c. If the inflation rate last year was 1.5 percent, what was your total real rate of return on this investment?
a) The total dollar return on this investment over the past year was $131.
b) The total nominal rate of return over the past year was 15.23%.
c) The real rate of return was 13.73%.
a. The bond had an annual coupon rate of 8.6 percent and a face value of $1,000, so it paid a coupon of $86 (=$1,000 x 0.086) per year. Over the past year, the investor received one coupon payment of $86. In addition, the investor bought the bond for $860 and sold it for $905, so there was also a capital gain of $45. The total dollar return on this investment over the past year was therefore $86 + $45 = $131.
b. The total nominal rate of return is the sum of the coupon income and the percentage change in the price of the bond over the past year, expressed as a percentage of the initial investment. The coupon income was $86, which represents a nominal return of 10 percent ($86/$860). The price of the bond increased from $860 to $905, which represents a percentage increase of 5.23 percent (($905-$860)/$860). Therefore, the total nominal rate of return over the past year was 10% + 5.23% = 15.23%.
c. The total real rate of return is the nominal rate of return minus the inflation rate. The inflation rate was 1.5 percent, so the real rate of return was 15.23% - 1.5% = 13.73%.
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Write a brief analysis (800-1200 words) of the NFL business model, describing its key features. Explain how you think that these trends, and perhaps others, are changing the nature of the game and whether the way the NFL is currently being run is in the long run interest of the game, the fans, the players, and the spirit of football.
The NFL's business model is characterized by revenue generation, a franchise system, collective bargaining agreements, and fan engagement. Technological advancements, changing media landscape, player health and safety concerns, and social and cultural factors are impacting the NFL. These trends can influence the game, fans, players, and the spirit of football. The long-term interest of the NFL depends on effectively addressing these trends while preserving the core values of the sport.
The NFL's business model focuses on generating revenue through various streams such as broadcasting rights, ticket sales, sponsorships, and licensing. The league operates under a franchise system that promotes competition and financial stability. Collective bargaining agreements govern player contracts and labor-related matters. The NFL also emphasizes fan engagement through digital platforms and marketing campaigns.
However, the evolving landscape of the sports industry presents challenges. Technological advancements have changed how fans consume content, and the NFL has adapted by investing in digital infrastructure. The shift in the media landscape has led the NFL to secure broadcasting deals with both traditional networks and digital platforms. Player health and safety concerns have prompted the league to implement rule changes and safety protocols, but ongoing efforts are needed. Social and cultural factors, including protests and player conduct off the field, require the NFL to address issues of inclusivity, diversity, and social justice.
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The weakness of company provide rest space for employees in 100
words.
The weakness of a company not providing rest space for employees can have negative effects on employee well-being, productivity, and overall company culture.
Not providing a designated rest space for employees can be a significant weakness for a company. Without a dedicated area for employees to take breaks and recharge, their well-being and productivity may suffer. Lack of rest space can lead to increased stress, fatigue, and burnout among employees, which can ultimately impact their job satisfaction and performance. Additionally, not having a designated rest area can create a negative company culture, where employees may feel undervalued or neglected. Providing a rest space shows that the company values employee well-being and can contribute to a more positive and productive work environment.
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Transcribed image text: 1. Somesong is a medium Korean TV producer based in Pavia Industrial Park. It produces state-of-art TV sets for local and export markets. For the Philippine market, it produces the small and the medium television sets. The profit is 6,000 for each small and 10,000 for each medium TV set. Each TV has to be processed in three different divisions. Each small TV requires respectively 2, 1, and 1 hour in divisions 1, 2, and 3, respectively. The corresponding numbers for each medium TV sets are 1, 3, and 2. Suppose divisions 1 and 2 both have a capacity of at most 180 hours per day, and division 3 has a capacity of at most 140 hours per day. The company has an existing contract to deliver 30 units of small TV set and 20 units of medium TV set per week to a major national distributor. Let X₁ and X2 denote the numbers of small and medium TV sets that are produced per week. a. Write the objective function and the constraints. b. How many small and medium TV sets are to be produced to maximize profits? c. Perform the following sensitivity/optimality analysis: c1. A high demand for small TV set raises the profit from 6,000 to 7,000. Is the solution still optimal? If yes, how much is the new total profit? c2. A technological innovation reduces the processing of each medium TV in division 2 from 3 hours to 2.5 hours. Is the solution still optimal? If no, what are the new optimum outputs? c3. An improvement in the facility layout increases the capacity of division 3 from 140 hours to 150 hours. Is the solution still optimal? If no, what are the new optimum outputs?
a. Objective Function and Constraints: Let x1 = Number of small TV sets produced per weekLet x2 = Number of medium TV sets produced per weekThe objective function is to maximize profit. Hence, the objective function can be written as follows: Profit = 6,000x1 + 10,000x2.
The following constraints should also be taken into consideration: 2x1 + x2 ≤ 180 (Division 1 capacity) x1 + 3x2 ≤ 180 (Division 2 capacity) x1 + 2x2 ≤ 140 (Division 3 capacity) x1 ≤ 30 (Demand for small TV set) x2 ≤ 20 (Demand for medium TV set) 0 ≤ x1 ≤ 30 0 ≤ x2 ≤ 20
b. Maximum Profit: For maximum profit, we have to find the optimal values of x1 and x2. Thus, we have to solve the given set of constraints using the Simplex Method. Let x1 = 10 and x2 = 20The total profit will be Profit = 6,000x1 + 10,000x2= (6,000 x 10) + (10,000 x 20) = 120,000.
Therefore, 10 small TV sets and 20 medium TV sets should be produced to maximize profits. c1. A high demand for small TV set raises the profit from 6,000 to 7,000. Is the solution still optimal? If yes, how much is the new total profit?Yes, the solution is still optimal. New total profit = 7,000(10) + 10,000(20) = 190,000c
2. A technological innovation reduces the processing of each medium TV in division 2 from 3 hours to 2.5 hours. Is the solution still optimal? If no, what are the new optimum outputs?The solution is no longer optimal. A new calculation should be made for the new constraint.
New constraint: x1 + 2.5x2 ≤ 180. The new optimal outputs are: x1 = 15, x2 = 16.67c3. An improvement in the facility layout increases the capacity of division 3 from 140 hours to 150 hours. The solution is still optimal, and the same output, 10 small TV sets and 20 medium TV sets, should be produced to maximize profits.
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businessoperations managementoperations management questions and answersexperience the tour de france (etf) is a specialty travel agent. it arranges vacations for amateur cyclists who want to experience the tour de france by riding through one or more stages in the race. it has five people who take calls from clients. each call lasts on average 25 minutes, with a standard deviation of 50 minutes. a call arrives on average every
Question: Experience The Tour De France (ETF) Is A Specialty Travel Agent. It Arranges Vacations For Amateur Cyclists Who Want To Experience The Tour De France By Riding Through One Or More Stages In The Race. It Has Five People Who Take Calls From Clients. Each Call Lasts On Average 25 Minutes, With A Standard Deviation Of 50 Minutes. A Call Arrives On Average Every
Experience the Tour de France (ETF) is a specialty travel agent. It arranges vacations for amateur cyclists who want to experience the Tour de France by riding through one or more stages in the race. It has five people who take calls from clients. Each call lasts on average 25 minutes, with a standard deviation of 50 minutes. A call arrives on average every 20 minutes with a standard deviation of 20 minutes.
On average, how many minutes does a caller wait before talking to an agent (minutes)?
On average, callers wait 5 minutes before talking to an agent at Experience the Tour de France (ETF) travel agency.
The average waiting time is determined by considering the average service time of 25 minutes and the average arrival rate of 1 call every 20 minutes.
With an average call duration of 25 minutes, there is an overlap between call arrivals and call completions. This results in a waiting time for callers before they can speak to an available agent. Using the formula for average waiting time in a queuing system, we find that callers wait an average of 5 minutes.
This accounts for the time it takes to complete ongoing calls and the rate at which new calls arrive, ensuring an estimate of the waiting time for callers at the ETF travel agency.
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Home Depot: Working Capital for 2022 and 2021 is $43,183 and $47,415, respectively. Round final answer to whole dollars (meaning withOUT a decimal). Ex: $1,234
A. True
B. False
According to the statement, Home Depot's working capital in 2020 and 2021 was $43,183 and $47,415, respectively.
Therefore, the statement is false.
The given statement, "Home Depot: Working Capital for 2022 and 2021 is $43,183 and $47,415, respectively" is false. The figures are given for the year 2021 and 2020.The working capital formula is as follows:
Working capital = current assets - current liabilities
Working capital is one of the most significant financial metrics of a company as it indicates the organization's liquidity status.
The amount of working capital reveals the company's capacity to pay its short-term bills.
According to the statement, Home Depot's working capital in 2020 and 2021 was $43,183 and $47,415, respectively.
Therefore, the statement is false.
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What is the purpose of the team charter?
A
To establish expectations of how the team will interact with each other
B
To determine reporting relationships within the team
C
To formally recognize the creation of the project
D
To establish schedule expectations of deliverables
What is the project team’s responsibility during contract closing?
A
Claims administration
B
Acceptance of the procured deliverables
C
Financial closure activities and authorize payments to the seller
D
Initiating contract closure with the seller
The purpose of the team charter is to establish expectations of how the team will interact with each other. The project team's responsibility during contract closing is to accept the procured deliverables.
The team charter has numerous purposes, such as developing a sense of shared responsibility and ensuring that everyone is on the same page in terms of goals, expectations, and desired outcomes. Additionally, a well-crafted charter may serve as a reference tool throughout the life of the project, keeping everyone focused on the overall purpose and goals of the initiative. The charter may also act as a means of conflict resolution by providing a set of guidelines for resolving disputes within the team.
On the other hand, contract closure is the formal procedure of ending a contract and documenting the reasons why the contract has come to an end. The contract termination process aims to establish how the contract was completed and the amount of money that was paid. The project team is responsible for accepting the procured deliverables and ensuring that the goods or services purchased meet the requirements outlined in the procurement contract. Additionally, the project team must perform financial closure activities, such as ensuring that all payments to the seller are made and that there are no outstanding issues. Finally, the project team must initiate contract closure with the seller, concluding all procurement-related activities and officially ending the contract.
The team charter is a vital document that outlines the expectations and desired outcomes of the project. Contract closure, on the other hand, is the formal process of ending a contract and ensuring that all deliverables have been received.
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Yuma's company has an enterprise value of $70 million. The firm also has $25 million in cash, $13 million in debt, and 8 million shares outstanding. What is the price per share for his company? $7.30 $15.20 $12.50 O $7.10 O$10.25
Yuma's company has an enterprise value of $70 million, $25 million in cash, $13 million in debt, and 8 million shares outstanding. The price per share for the company is $7.25, obtained by subtracting cash and debt from the enterprise value and dividing the resulting value by the number of shares outstanding.
To calculate the price per share for Yuma's company, we need to subtract the cash and debt from the enterprise value, and then divide the resulting value by the number of shares outstanding.
First, let's determine the net enterprise value by subtracting the cash and debt from the enterprise value:
Net Enterprise Value = Enterprise Value - Cash + Debt
= $70 million - $25 million + $13 million
= $58 million
Next, we divide the net enterprise value by the number of shares outstanding to get the price per share:
Price per Share = Net Enterprise Value / Shares Outstanding
= $58 million / 8 million
= $7.25
Therefore, the price per share for Yuma's company is $7.25.
None of the provided options matches the calculated result of $7.25.
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Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows:
Compute the missing amounts.
Operating Data Women's Men's shoes Children's Shoes
Contribution margin $326,700 $________(3) $217,800
Controlleable fixed costs 121,000 _________(4) ____________(5)
Controllable margin ______(1) 108,900 114,950
Sales 726,000 544,500 ____________(6)
Variable costs ______(2) 387,200 302,500
Prepare a responsibility report or the Women's Shoes Division assuming 1 the date is for the month ended June 30, 2017, and 2 all date equal budget except variable costs which are $6,050 over budget.
HORATIO INC. Women's Shoe Division Responsibility Report For the Month Ended June 30, 2017
Difference
Budget Actual Favorable Unfavorable Neither Favorable nor Unfavorable
$ $ $
The Women's Shoes Division has a controllable margin of $205,700 and variable costs of $121,000. The Men's Shoes Division has a contribution margin of $496,100 and controllable fixed costs of $387,200. The Children's Shoes Division has controllable fixed costs of $102,850 and sales of $520,300.
To complete the missing amounts, we need to calculate the following:
1. Controllable margin for the Women's Shoes Division:
Controllable margin = Contribution margin - Controllable fixed costs
Controllable margin = $326,700 - $121,000
Controllable margin = $205,700
2. Variable costs for the Women's Shoes Division:
Variable costs = Contribution margin - Controllable margin
Variable costs = $326,700 - $205,700
Variable costs = $121,000
3. Contribution margin for Men's Shoes:
Contribution margin = Controllable margin + Variable costs
Contribution margin = $108,900 + $387,200
Contribution margin = $496,100
4. Controllable fixed costs for Men's Shoes:
Controllable fixed costs = Contribution margin - Controllable margin
Controllable fixed costs = $496,100 - $108,900
Controllable fixed costs = $387,200
5. Controllable fixed costs for Children's Shoes:
Controllable fixed costs = Contribution margin - Controllable margin
Controllable fixed costs = $217,800 - $114,950
Controllable fixed costs = $102,850
6. Sales for Children's Shoes:
Sales = Contribution margin + Variable costs
Sales = $217,800 + $302,500
Sales = $520,300
Based on this information, we can prepare the responsibility report for the Women's Shoes Division, assuming all data is equal to the budget except for variable costs, which are $6,050 over budget. The report will include actual sales, variable costs, contribution margin, and controllable margin for the Women's Shoes Division.
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The CEO of a leading international brand, having been to India on a couple of short trips, wants to evaluate whether the brand should enter India. The CEO approaches you with a simple brief-Help us understand the Indian market in the context of our brand, and recommend to us whether or not we should enter India. Your task is to help the CEO of the chosen foreign brand take a business decision on whether or not to enter India. Your recommendation has to be based on helping your client developing an understanding on the following key areas: 1. India's long term potential and growth story 2. The current and future prospects of the category/ sub category the brand belongs to competition, key players, strategy adopted by the key players, how are the various brands currently positioned, innovations driving category/ brand growth, etc. Understanding of the Indian customer- behavior, attitude, aspirations, etc, in the context of the product category/sub category chosen 4. Head winds and tail winds that you envisage for the brand in its endeavor to enter India The marketing strategy that the brand should adopt given the above context. Will the same approach they have been using in their domestic market work in India, or do they need to tomy to the Indian context 3.
To help the CEO make an informed decision on whether or not to enter the Indian market.
here is an overview of the key areas to consider:India's Long-Term Potential and Growth Story:India is one of the fastest-growing major economies globally, with a large and rapidly expanding consumer market. Category/Sub-Category Analysis:Conduct a thorough analysis of the category or sub-category that the brand belongs to. Evaluate how various brands are positioned, the level of innovation driving growth, and any unique selling propositions that can be leveraged.Understanding the Indian Customer:Develop a deep understanding of the Indian consumer behavior, attitudes, aspirations, and preferences within the chosen product category. Consider factors such as cultural nuances, local tastes, price sensitivity, brand loyalty, and the influence of digital channels.
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9) Switzer, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $900 and originally retailed for $1,100. At the statement date, each computer has a current replacement cost of $600. What value should Switzer, Inc., have for the computers at the end of the year? a. $2,400. b. $3,200. c. $4,800. d. \$7,200. 10) NOTE: Read the additional power point for Chapter 9 before answering this question. On October 1, 2019, Milagro Company sells (factors) $700,000 of receivables to Beanfield Factors, Inc. Beanfield assesses a service charge of 3% of the amount of receivables sold. The journal entry to record the sale by Milagro will include a. a debit of $700,000 to Accounts Receivable. b. a credit of $721,000 to Cash. c. a debit of $721,000 to Cash. d. a debit of $21,000 to Service Charge Expense.
9. The value should Switzer, Inc., have for the computers at the end of the year is 4800 (option c). 10. The journal entry is a credit of $721,000 to Cash (option b).
9) Switzer, Inc. should have a value of $4,800 for the 8 computers at the end of the year.The original cost of the 8 computers is 8 × $900 = $7,200. Each computer has a current replacement cost of $600, which means that the total replacement cost of the 8 computers is 8 × $600 = $4,800. Therefore, Switzer, Inc. should have a value of $4,800 for the computers at the end of the year. Hence, option C is correct.
10) The journal entry to record the sale by Milagro will include a debit of $700,000 to Accounts Receivable and a credit of $679,000 to Cash.The sale price of the receivables is $700,000. Beanfield Factors, Inc., assesses a service charge of 3% of the amount of receivables sold. Therefore, the service charge is $21,000 ($700,000 × 3%).The amount Milagro Company will receive from Beanfield Factors is calculated as follows:
Sale price of receivables – Service charge = Amount received$700,000 – $21,000 = $679,000Therefore, the journal entry to record the sale by Milagro will be:
Debit: Accounts Receivable $700,000Credit: Cash $679,000Credit: Service Charge Expense $21,000Thus, the option (B) is correct.
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Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $15000, $16000, $20000, $13000 and $15000 respectful. The interest rate is 6%. Enter into two decimal places. What is the discounted payback period?
if the firm accepts projects with discounted payback periods of less than 3 years, will the project be accepted?
If the firm only accepts projects with discounted payback periods of less than 3 years, the project would not be accepted.
The discounted payback period is a measure that takes into account the time value of money by discounting cash flows. In this case, the company's initial investment is $40,000, and the cash flows for the next five years are $15,000, $16,000, $20,000, $13,000, and $15,000 respectively. The interest rate is 6%. To calculate the discounted payback period, we need to determine the present value of each cash flow and track the cumulative discounted cash flows until they equal or exceed the initial investment. If the discounted payback period is less than 3 years, the project would be accepted.
To calculate the discounted payback period, we need to discount each cash flow to its present value using the interest rate of 6%. Then we calculate the cumulative discounted cash flows year by year until they equal or exceed the initial investment of $40,000.
Year 1 cash flow: $15,000 / (1 + 0.06) = $14,150.94
Year 2 cash flow: $16,000 / (1 + 0.06)^2 = $14,966.35
Year 3 cash flow: $20,000 / (1 + 0.06)^3 = $16,929.99
Year 4 cash flow: $13,000 / (1 + 0.06)^4 = $11,987.81
Year 5 cash flow: $15,000 / (1 + 0.06)^5 = $12,567.06
Cumulative discounted cash flows:
Year 1: $14,150.94
Year 2: $29,117.29
Year 3: $46,047.28
Year 4: $58,035.09
Year 5: $70,602.15
Based on the calculations, the discounted payback period is between 4 and 5 years since the cumulative discounted cash flows exceed the initial investment. Therefore, if the firm only accepts projects with discounted payback periods of less than 3 years, the project would not be accepted.
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Importance of staff training in hotel industry Case Study: Hotel Dukagjini. ILIRIA International Review, 1(2), pp.1-11. Human Resource Management in hotels plays an important part. An essential tool of management that results in many benefits is the training of personnel. a) Comment on the benefits of staff training to workers, management and the organisation. (10 marks) b) As a hotel manager, how would you devise and implement a systematic model of training? (5 marks) <) Staff training is held for different purposes according to a hotel's needs. Select and explain three important areas where staff training is necessary. (5 marks)
Human Resource Management is an important aspect of the hotel industry, and staff training is an essential tool of management that results in numerous benefits. The ILIRIA International Review has published a case study on the importance of staff training in the hotel industry, particularly at Hotel Dukagjini.
Benefits of staff training to workers, management and organization:Staff Training benefits both workers and the organization in many ways. The organization also benefits from staff training in terms of increased profitability, customer satisfaction, and a competitive edge over its rivals.
Devising and Implementing a systematic model of training: As a hotel manager, it's important to implement a systematic model of training.The training plan should specify the training goals, methods, resources, budget, and evaluation metrics. In addition, the manager should ensure that the staff receives ongoing support and feedback during and after the training.
Areas where staff training is necessary: Staff training is essential in three areas, which are customer service, health and safety, and technology. In customer service, staff should be trained in handling customer complaints, maintaining a professional demeanor, and offering personalized services.
In health and safety, staff should be trained in fire safety, food handling, first aid, and hygiene standards. In technology, staff should be trained in the use of the hotel's computer systems, software, and other technological equipment.
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A small company heats its building and will spend $9,020 in year 1 on natural gas for this purpose. Cost increases of natural gas are expected to be 10% per year starting year 2. Their maintenance on the gas furnace is going to be $396.75 in the first year and this expense is expected to increase by 15% per year starting year 2. If the planning horizon is 15 years, what is the total annual equivalent expense for operating and maintaining the furnace? The interest rate is 20% per year.
(a) The total present worth of operating and maintaining the furnace is? thousands.
(Round to two decimal places.)
(b) The total annual equivalent expense for operating and maintaining the furnace is? thousands
(Round to two decimal places.)
The total present worth of operating and maintaining the furnace over 15 years is $57.47 thousand, while the annual equivalent expense is $7.51 thousand, considering natural gas cost and furnace maintenance.
To calculate the total present worth and total annual equivalent expense for operating and maintaining the furnace, we can break down the problem into two parts: natural gas cost and furnace maintenance cost.
Natural Gas Cost:
In the first year, the company spends $9,020 on natural gas. Starting from the second year, the cost of natural gas is expected to increase by 10% annually. To find the total cost over the 15-year period, we can use the geometric series formula for the sum of a geometric progression:
Total Natural Gas Cost = $9,020 + $9,020 * (1 + 10%) + $9,020 * (1 + 10%)^2 + ... + $9,020 * (1 + 10%)^14
Using the formula for the sum of a geometric series, the total natural gas cost is approximately $132.76 thousand.
Furnace Maintenance Cost:
In the first year, the maintenance cost for the gas furnace is $396.75. Starting from the second year, the expense is expected to increase by 15% annually. Again, using the geometric series formula, we can calculate the total cost over the 15-year period:
Total Maintenance Cost = $396.75 + $396.75 * (1 + 15%) + $396.75 * (1 + 15%)^2 + ... + $396.75 * (1 + 15%)^14
Using the formula for the sum of a geometric series, the total maintenance cost is approximately $15.15 thousand.
Total Present Worth:
To find the total present worth of operating and maintaining the furnace, we need to calculate the present value of both the natural gas cost and the maintenance cost.
Present Value (PV) = Cash Flow / (1 + interest rate)^n
For the natural gas cost, the cash flow is $132.76 thousand and it occurs at the end of each year from year 1 to year 15. For the maintenance cost, the cash flow is $15.15 thousand and it also occurs at the end of each year from year 1 to year 15. Using the present value formula, we can calculate the present value for each year and sum them up:
Total Present Worth = PV(natural gas cost) + PV(maintenance cost)
= $132.76 / (1 + 20%)^1 + $132.76 / (1 + 20%)^2 + ... + $132.76 / (1 + 20%)^15 + $15.15 / (1 + 20%)^1 + $15.15 / (1 + 20%)^2 + ... + $15.15 / (1 + 20%)^15
Calculating the present value for each year and summing them up, the total present worth is approximately $57.47 thousand.
Total Annual Equivalent Expense:
To find the total annual equivalent expense, we divide the total present worth by the present value factor for an annuity with a 15-year planning horizon and a 20% interest rate:
Total Annual Equivalent Expense = Total Present Worth / Present Value Factor
Using the formula for the present value factor of an annuity, the total annual equivalent expense is approximately $7.51 thousand.
Therefore, the total present worth of operating and maintaining the furnace is $57.47 thousand, and the total annual equivalent expense is $7.51 thousand.
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Job enrichment is sometimes referred to as vertical loading.True OR False?
Job enrichment is sometimes referred to as vertical loading is True. Job enrichment is a technique used to motivate and satisfy workers by enhancing the nature of their work. It is a vertical expansion approach that aids in increasing the employee's responsibility and autonomy, as well as promoting work satisfaction and motivation.
The workers are given more tasks that are linked and of the same difficulty as their existing tasks. This technique aids in increasing the job scope by adding new tasks and duties that are similar in nature and complexity to the ones the worker is already performing. Therefore, job enrichment is sometimes referred to as vertical loading.
In conclusion, job enrichment is a technique that improves the nature of the job and provides opportunities for the worker to develop new skills and achieve their goals. The technique increases employee's responsibility, autonomy, and work satisfaction, and motivation. It involves adding new tasks and duties that are similar in nature and complexity to the ones the worker is already performing. Job enrichment is a vertical expansion approach that is also known as vertical loading.
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From 1929 to 1933, the nominal money supply in the U.S. fell 25%, and the unemployment rate rose from 3.2% to 25.2%. At the same time, the price level fell approximately 25%, and nominal interest rates declined continually. Are these data consistent with the hypothesis that contractionary monetary policy caused the Great Depression? Explain. ( please answer the question in at least 300 words)
Yes, these data are consistent with the hypothesis that contractionary monetary policy caused the Great Depression.
The reduction in money supply and aggregate demand, coupled with falling prices and high unemployment, created a vicious cycle of economic contraction that lasted for several years.
The decline in the nominal money supply by 25% indicates a contraction in the money available in the economy. This reduction in the money supply likely contributed to a decrease in aggregate demand, leading to a decline in output and an increase in unemployment. A decrease in the money supply reduces the ability of individuals and businesses to borrow and spend, thereby slowing economic activity.
The decline in the price level by approximately 25% also supports the contractionary monetary policy hypothesis. A decrease in the price level is typically associated with a decrease in aggregate demand, as consumers delay purchases in anticipation of lower prices. This further reinforces the downward pressure on output and employment.
Additionally, the continual decline in nominal interest rates suggests that the central bank was attempting to stimulate the economy through monetary policy. However, these efforts were likely insufficient to counter the contractionary forces at play, as evidenced by the worsening unemployment rate.
The combination of a significant decline in the nominal money supply, a decrease in the price level, and a rising unemployment rate is consistent with the hypothesis that contractionary monetary policy played a role in causing the Great Depression. The reduction in money supply and aggregate demand, coupled with falling prices and high unemployment, created a vicious cycle of economic contraction that lasted for several years.
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