When creating standardized work documentation, the first step is to record the Sequence currently used to process the part at each manufacturing cell.
The sequence refers to the specific order in which tasks and activities are performed to produce the desired output. It involves documenting the step-by-step process followed by operators or workers to complete a particular task or assemble a product.
Recording is crucial in standardized work as it provides a clear understanding of the current workflow and helps identify opportunities for improvement.
By documenting the existing , organizations can analyze the efficiency, effectiveness, and potential bottlenecks in the production process. It allows them to identify any unnecessary or redundant steps, identify potential risks or hazards, and identify areas where productivity can be enhanced.
Moreover, documenting the provdes a baseline for comparison and enables organizations to develop standardized work instructions. These instructions can be used as a reference for training new employees, ensuring consistency in operations, and continuously improving processes.
By recording is part of standardized work documentation, organizations can enhance productivity, streamline operations, reduce errors, and improve overall efficiency in the manufacturing process. It serves as a foundation for implementing lean principles and continuous improvement initiatives.
To know more about Standardized work documentation here: https://brainly.in/question/55928638
#SPJ11
1.it is possible to futher sub classify groups in organizations.the typrs of formal organizational subgroups are ...groups.
. social and command
.interest and social
. task and interest
. command and task
2. which of the following does not characterize the storming stage of group development?
.resistance
.leadership conflict
. clear hierarchy
. intragroup conflict
1. The types of formal organizational subgroups are task and command groups.
2. The clear hierarchy does not characterize the storming stage of group development.
1. It is possible to further sub-classify groups in organizations. A task group is created to achieve a specific goal or objective of an organization. The members of a task group work together to complete a specific task or project assigned to them. Task groups are usually temporary in nature.
Command groups, on the other hand, are created based on the organizational structure. The members of a command group work together to achieve the overall goals and objectives of the organization. Command groups are permanent in nature.
2. Storming is the second stage of group development. It is a period of conflict and tension among members of the group. The four main characteristics of the storming stage of group development are:
Resistance: The group members resist the constraints imposed by the group. They want to work in their own way.
Leadership conflict: There is a conflict among group members about who will lead the group.
Intragroup conflict: There is a conflict among group members about how the group will work.
Clear Hierarchy: During the storming stage of group development, there is no clear hierarchy established among group members. They do not know their roles and responsibilities.
To learn about the formal organization here:
https://brainly.com/question/19334871
#SPJ11
Jerry, who has won a large sum of money in the lottery goes to the gallery to purchase a painting. The gallery is an exclusive art gallery in Kingstown and is owned by Dirk. Jerry points to a painting and says ‘Tell me about this one. How much are you asking?’ Dirk knows that the painting was done by a minor artist and is not worth much. He says ‘I cannot be absolutely certain, but it is my opinion that it is a Barry Watson. I’ll sell you for $500,000’. Jerry buys the painting and later finds out that it is worth $50,000. What can Jerry do?
Jerry may have legal recourse against Dirk for fraudulent misrepresentation. Dirk knowingly provided false information about the artist and the value of the painting, inducing Jerry to purchase it at an inflated price. Jerry can take the following steps:
1. Consult an attorney: Jerry should seek legal advice from an attorney experienced in contract law or art transactions. The attorney can review the details of the case and guide Jerry on the available options.
2. Gather evidence: Jerry should collect any evidence that supports his claim, such as documentation of the transaction, communication between him and Dirk, and any expert opinions on the true value of the painting. These pieces of evidence will strengthen Jerry's case.
3. Consider negotiation or mediation: Before pursuing legal action, it may be beneficial for Jerry to attempt negotiation or mediation with Dirk. They could try to reach a resolution outside of court, such as returning the painting for a refund or reaching a mutually agreeable compensation.
4. File a lawsuit: If negotiation or mediation fails, Jerry may choose to file a lawsuit against Dirk for fraudulent misrepresentation. The attorney will guide Jerry through the legal process, representing his interests and seeking appropriate remedies, such as rescission of the contract, damages for the overpayment, or any other remedies available under the law.
It's important for Jerry to consult with legal professionals to understand the specific laws and regulations that apply in his jurisdiction. The outcome of the case will depend on various factors, including the strength of the evidence, applicable laws, and any prior agreements between Jerry and Dirk.
Learn more about negotiation here:
brainly.com/question/33445141
#SPJ11
On May 1, 2014, Stanton Company purchased $60,000 of Harris Company's 12% bonds at 100 plus accrued interest ofr $2,400. On June 30, 2014, Stanton received its first semiannual interest. On February 1, 2015, Stanton sold $50,000 of the bonds at 103 plus accrued interest. What are the total proceeds from the February 1, 2015, sale? How do you arrive at your answer?
The total proceeds from the February 1, 2015, bond sale would be $50,960, calculated as the selling price of $51,500 minus accrued interest of $540.
To calculate the total proceeds from the February 1, 2015, sale of the bonds, we need to consider the purchase price, accrued interest, and the selling price.
1) Purchase Price: Stanton purchased $60,000 of Harris Company's bonds at 100 plus accrued interest of $2,400. The total purchase price would be $60,000 + $2,400 = $62,400.
2) Accrued Interest: Since the interest is paid semiannually, the first semiannual interest is received on June 30, 2014. Therefore, by February 1, 2015, Stanton would have earned an additional six months of accrued interest.
To calculate the accrued interest, we need to know the bond's face value and interest rate. Let's assume the face value of each bond is $1,000 (this information is not provided in the question), and the interest rate is 12%. The semiannual interest payment would be $1,000 * 12% / 2 = $60.
Since the bonds were purchased on May 1, 2014, and the sale occurred on February 1, 2015, there would be 9 months of accrued interest. Therefore, the accrued interest would be $60 * 9 = $540.
3) Selling Price: Stanton sold $50,000 of the bonds at 103 plus accrued interest. The selling price would be $50,000 * 103% = $51,500.
Total Proceeds: The total proceeds from the sale would be the selling price minus the accrued interest. Thus, $51,500 - $540 = $50,960.
Therefore, the total proceeds from the February 1, 2015, sale would be $50,960.
Learn more about Accrued interest: https://brainly.com/question/28941580
#SPJ11
Question 4 – Leadership
You have just returned from a conference on leadership held in the lovely Southside of Chicago. You heard from a diverse range of interesting speakers such as Aaron ‘T-Bone’ Walker and Barrelhouse Chuck.
However, it was Albert Collins talk on Authentic Leadership which you found the most interesting. Albert was quite critical of Authentic Leadership and since your boss, Eddy ‘The Chief’ Clearwater, wants to know more, he has asked you to prepare a summary for him.
Outline the core criticisms of Authentic Leadership in practice AND as a theoretical framework in a memo to your boss. (10 marks, 400 words)
Authentic Leadership faces criticisms regarding its subjectivity, overemphasis on individuality, lack of practical application, potential for inauthenticity, ignorance of situational factors, and limited empirical evidence.
Memo to Eddy 'The Chief' Clearwater
Subject: Criticisms of Authentic Leadership
Dear Eddy,
I hope this memo finds you well. I wanted to provide you with a summary of the core criticisms of Authentic Leadership that were discussed at the leadership conference in Southside Chicago. Albert Collins, one of the speakers, raised several thought-provoking points regarding the practical implementation and theoretical framework of Authentic Leadership. Here are the key criticisms:
Subjectivity and Ambiguity: One of the main criticisms of Authentic Leadership is its subjective and ambiguous nature. The concept of authenticity itself is challenging to define, as it varies across cultures, individuals, and situations. This subjectivity can lead to inconsistency and uncertainty in assessing and developing authentic leaders.
Overemphasis on Individuality: Authentic Leadership places a strong emphasis on individuality and the leader's ability to express their true self. However, this focus on the individual can neglect the importance of collective efforts and teamwork in achieving organizational goals. It may also lead to a lack of consideration for followers' needs and perspectives.
Lack of Practical Application: Critics argue that Authentic Leadership lacks clear guidelines and practical strategies for implementation. While the concept promotes being true to oneself, it often falls short in providing concrete guidance on how to develop and nurture authenticity in leaders. This can make it challenging for organizations to apply Authentic Leadership principles effectively.
Potential for Inauthenticity: Paradoxically, the pursuit of authenticity may sometimes lead to inauthentic behaviors. Leaders might feel pressured to conform to a specific notion of authenticity or to portray themselves in a certain way, which can undermine their genuine self-expression. This concern raises questions about the true authenticity of leaders claiming to practice Authentic Leadership.
Ignoring Situational Factors: Authentic Leadership tends to overlook the influence of situational factors on leadership effectiveness. It places a strong emphasis on an individual's internal qualities and disregards the impact of external circumstances. Leaders must adapt their behaviors and approaches to match the needs of different situations, which Authentic Leadership theory does not adequately address.
Lack of Empirical Evidence: Critics argue that the empirical evidence supporting Authentic Leadership is limited. While the concept has gained popularity, there is a lack of rigorous research demonstrating its direct impact on organizational outcomes and follower satisfaction. This gap in empirical evidence raises questions about the validity and practicality of Authentic Leadership as a framework.
In conclusion, It is important to consider these criticisms when evaluating the effectiveness and relevance of Authentic Leadership in our organizational context.
I hope this summary provides you with a useful overview of the criticisms raised against Authentic Leadership. Should you require any further information or have any additional questions, please don't hesitate to reach out.
Best regards,
[Your Name]
To know more about Leadership:
https://brainly.com/question/32010814
#SPJ4
designated brokerage may be a. addressed in writing within the office policy manual b. negotiated between buyer and seller c. ignored as outdated d. delegated by a majority vote of all licensees in a firml
Designated brokerage may be addressed in writing within the office policy manual. This is the most common way to address designated brokerage, as it ensures that all agents within the firm are aware of the firm's policy and that there is no confusion about who is representing whom in a transaction.
Here are the other options and why they are not correct:
Negotiated between buyer and seller: Designated brokerage is not something that can be negotiated between the buyer and the seller. It is a decision that is made by the broker or the firm, and it is not something that can be changed by the parties involved in the transaction.
Ignored as outdated: Designated brokerage is not outdated. It is a current practice that is used by many real estate firms. While there are some firms that do not use designated brokerage, it is still a common practice and should not be ignored.
Delegated by a majority vote of all licensees in a firm: Designated brokerage is not something that can be delegated by a majority vote of all licensees in a firm. It is a decision that is made by the broker or the firm, and it is not something that can be changed by the licensees.
Here are some of the benefits of having a designated brokerage policy:
. It can help to avoid conflicts of interest. When a broker has a designated brokerage policy, they are not representing both the buyer and the seller in a transaction. This can help to avoid conflicts of interest, as the broker can focus on representing the best interests of their client.
. It can help to ensure that all agents within the firm are aware of the firm's policy. When a designated brokerage policy is written in the office policy manual, all agents within the firm are aware of the policy and can follow it accordingly. This can help to ensure that all transactions are handled in a professional and ethical manner.
. It can help to build trust with clients. When clients know that the broker or the firm has a designated brokerage policy, they can feel confident that they are being represented in their best interests. This can help to build trust and rapport with clients, which can lead to repeat business and referrals.
Learn more about policy manual here
https://brainly.com/question/32661865
#SPJ11
score QUESTION FIVE(28 marks) The general ledger of Karpet Kleaners at January 1,2010, includes the following account balances: Account title Debits Credits Cash $15000 Account receivable 7000 Office supplies 3000 Equipment 10000 Accumulate depreciation $3000 Salaries payable 5000 Common stock 20000 Retained earning 7000 Totals 35000 35000 The following is a summary of the transactions for the year: a. sales of services, $50000, of which $20000 is on account. b. collect on accounts receivable, $17000. c. Issue shares of common stock in exchange for $5000 cash. d. Pay salaries, $25000( of which $5000 is for salaries payable in 2009). e. Pay miscellaneous expense, $12000. f. Purchase equipment for $7000 cash g. Pay $1000 cash dividends to stockholders. Required: 1. Set up the necessary T-accounts and enter the beginning balances from the trial balance. In addition to the accounts shown, the company also has accounts for service revenue, dividends, salaries expense, miscellaneous expense, depreciation expense, and office supplies expense. 2. Record each of the summary transactions listed above. 3. Post transactions to the accounts. 4. Prepare an unadjusted trial balance.
The necessary T-accounts and beginning balances are as follows:
Cash | Debit: $15,000 | Credit: $0
Accounts Receivable | Debit: $7,000 | Credit: $0
Office Supplies | Debit: $3,000 | Credit: $0
Equipment | Debit: $10,000 | Credit: $0
Accumulated Depreciation | Debit: $0 | Credit: $3,000
Salaries Payable | Debit: $5,000 | Credit: $0
Common Stock | Debit: $0 | Credit: $20,000
Retained Earnings | Debit: $7,000 | Credit: $0
Service Revenue | Debit: $0 | Credit: $0
Dividends | Debit: $0 | Credit: $0
Salaries Expense | Debit: $0 | Credit: $0
Miscellaneous Expense | Debit: $0 | Credit: $0
Depreciation Expense | Debit: $0 | Credit: $0
Office Supplies Expense | Debit: $0 | Credit: $0
Record each of the summary transactions:
a. Increase Service Revenue by $50,000, and increase Accounts Receivable by $20,000; decrease Cash by $30,000.
b. Decrease Accounts Receivable by $17,000, and increase Cash by $17,000.
c. Increase Cash by $5,000, and increase Common Stock by $5,000.
d. Increase Salaries Expense by $25,000, and decrease Salaries Payable by $5,000; decrease Cash by $20,000.
e. Increase Miscellaneous Expense by $12,000; decrease Cash by $12,000.
f. Increase Equipment by $7,000; decrease Cash by $7,000.
g. Increase Dividends by $1,000; decrease Cash by $1,000.
Post transactions to the accounts:
Cash | Debit: $0 | Credit: $30,000
Accounts Receivable | Debit: $0 | Credit: $20,000
Service Revenue | Debit: $50,000 | Credit: $0
Common Stock | Debit: $0 | Credit: $5,000
Salaries Expense | Debit: $25,000 | Credit: $0
Salaries Payable | Debit: $0 | Credit: $5,000
Miscellaneous Expense | Debit: $12,000 | Credit: $0
Equipment | Debit: $7,000 | Credit: $0
Accumulated Depreciation | Debit: $0 | Credit: $0
Dividends | Debit: $0 | Credit: $1,000
Office Supplies | Debit: $3,000 | Credit: $0
Depreciation Expense | Debit: $0 | Credit: $0
Office Supplies Expense | Debit: $0 | Credit: $0
Retained Earnings | Debit: $13,000 | Credit: $50,000
Prepare an unadjusted trial balance:
Cash | Debit: $8,000 | Credit: $30,000
Accounts Receivable | Debit: $7,000 | Credit: $20,000
Service Revenue | Debit: $50,000 | Credit: $0
Common Stock | Debit: $0 | Credit: $25,000
Salaries Expense | Debit: $25,000 | Credit: $0
Salaries Payable | Debit: $0 | Credit: $5,000
Miscellaneous Expense | Debit: $12,000 | Credit: $0
Equipment | Debit: $10,000 | Credit: $7,000
Accumulated Depreciation | Debit: $3,000 | Credit: $0
Dividends | Debit: $1,000 | Credit: $0
Office Supplies | Debit: $3,000 | Credit: $0
Depreciation Expense | Debit: $0 | Credit: $0
Office Supplies Expense | Debit: $0 | Credit: $0
Retained Earnings | Debit: $20,000 | Credit: $50,000
The unadjusted trial balance shows that the total debits and credits are equal, which indicates that the accounting records are balanced. The next step is to prepare adjusting entries and create an adjusted trial balance.
Learn more about accounts here:
https://brainly.com/question/5640110
#SPJ11
_______ occurs when ascending bids from numerous buyers are entertained by the seller - if the bid prices exceed the seller’s reservation price, the auctioned item will be sold to the last remaining bidder.
English auction
Dutch auction
Double auction
The term that occurs when ascending bids from numerous buyers are entertained by the seller is English auction. This type of auction is also known as an open-outcry ascending-price auction. An English auction starts with a low asking price, and then gradually increases
as bidders compete with each other by raising their bids. The item for auction will be sold to the highest bidder when the auctioneer calls for the "final offer" or "going once, going twice, sold" at the end of the auction. The English auction process is straightforward and easy to understand, making it one of the most common types of auctions used around the world. It is important to note that the main answer is English auction.
The English auction is an open-outcry auction that is conducted in a publicly accessible area. In this type of auction, the starting price is usually lower than the reserve price, which is the minimum amount that the seller is willing to accept for the item being auctioned. The bidding process starts low, and the price increases until the auctioneer receives no more bids or a final offer is accepted by the auctioneer.The highest bidder wins the item being auctioned, and the payment is usually made on the spot or within a specified period. The English auction is widely used in many countries around the world because it is easy to understand and allows buyers and sellers to meet and negotiate in person. The main feature of the English auction is that the price of the item being auctioned is continuously increasing until the highest bidder wins the item.
To know more about increases Visit;
https://brainly.com/question/30906843
#SPJ11
A manufacturer estimates total factory overhead costs of $4,420,000 and total direct labor costs of $2,210,000 for its first year of operations. During January, the company used $101,000 of direct labor cost in its Blending department and $76,000 of direct labor cost in its Bottling department. The company computes its predetermined overhead rate as a percentage of direct labor cost. Which of the following is the correct journal entry to apply factory overhead to the Blending and Bottling departments. Debit Work in Process Inventory - Blending $202,000 debit Work in Process Inventory-Bottling $152,000; credit Factory Overhead $354,000 Debit Work in Process Inventory - Blending $202,000 debit Work in Process Inventory -Bottling $152,000, credit Factory Wages Payable $354.000 Debit Work in Process Inventory $354,000; credit Factory Overhead $354,000 Debit Work in Process Inventory $177,000; credit Factory Overhead $177,000 Debit Work in Process Inventory - Blending $101,000, debit Work in Process Inventory -Bottling $76,000, credit Factory Overhead $177.000
Option (E) is the correct answer.The correct journal entry to apply factory overhead to the Blending and Bottling departments will be as follows: Debit Work in Process Inventory - Blending $101,000 debit Work in Process Inventory -Bottling $76,000, credit Factory Overhead $177,000.Factory Overhead is calculated by multiplying the predetermined overhead rate with the direct labor cost.
Here is how to calculate the predetermined overhead rate. Predetermined Overhead Rate = Estimated Overhead Cost/Estimated Direct Labor Cost Predetermined Overhead Rate = $4,420,000/$2,210,000 Predetermined Overhead Rate = 200%.
Now to calculate the amount of factory overhead to apply to the Blending and Bottling departments, we will use the predetermined overhead rate.Factory Overhead = Direct Labor Cost x Predetermined Overhead Rate
Factory Overhead = $101,000+$76,000 x 200%Factory Overhead = $177,000
Now we will create a journal entry. Blending Department Work in Process Inventory Debit = $101,000
Bottling Department Work in Process Inventory Debit = $76,000
Factory Overhead Credit = $177,000
So the journal entry to apply factory overhead to the Blending and Bottling departments is: Debit Work in Process Inventory - Blending $101,000, debit Work in Process Inventory -Bottling $76,000, credit Factory Overhead $177.000. Therefore, option (E) is the correct answer.
For more question on journal entry
https://brainly.com/question/28390337
#SPJ8
Four-part question a Define a rriate good. (2) b Explain two reasons why a government nay run fospitals. (4) c Aaalyse how the leve of governmenc intervention varies according to the type of economic system eountries operate. (6) d Discuss wherher or not the government of a country with a large industry froducing Cigarertes should dian the production of cigarettes. (8)
a) A merit good is a type of good that is considered beneficial for society and is often underconsumed by individuals. It is characterized by positive externalities, meaning that the benefits of consuming the good extend beyond the individual consumer.
Merit goods are usually provided or subsidized by the government to ensure their availability to the general public.
b) There are two main reasons why a government may run hospitals. Firstly, healthcare is considered a basic necessity, and the government may intervene to ensure equitable access to healthcare services for all citizens. By running hospitals, the government can regulate and control the quality and affordability of healthcare service
c) The level of government intervention varies according to the type of economic system countries operate. In a market economy, characterized by limited government intervention, the government's role is primarily to enforce property rights, maintain competition, and provide public goods. The level of intervention is relatively low, with the market playing a dominant role in resource allocation.
In a command economy, the government has complete control over resource allocation, production, and distribution. Government intervention is extensive, with central planning determining economic activities and outcomes.
d) Whether the government of a country with a large cigarette industry should ban the production of cigarettes is a complex issue. Several factors need to be considered, including public health concerns, economic implications, and individual freedoms.
On one hand, smoking is a significant public health issue, leading to various diseases and premature deaths. Banning cigarette production could reduce smoking rates, improve public health outcomes, and lower healthcare costs associated with smoking-related illnesses.
To know more about economic visit:
brainly.com/question/33708534
#SPJ11
According to an aggregate plan, the bezining imentory in March is 29 units and ending inventory is 340 units. The inventory holding cost per unit per misets is 33 . What is the inventory cost in March? a. $1020 b. $885 c. 3750 d. $270 e. None of the above.
None of the provided answer options matches the calculated inventory cost in March, which is $10,263.
To calculate the inventory cost in March, we need to determine the change in inventory levels and multiply it by the inventory holding cost per unit.
Change in inventory = Ending inventory - Beginning inventory
Change in inventory = 340 units - 29 units
Change in inventory = 311 units
Inventory cost in March = Change in inventory * Inventory holding cost per unit
Inventory cost in March = 311 units * $33/unit
Inventory cost in March = $10,263
Know more about inventory cost here:
https://brainly.com/question/32947137
#SPJ11
A client in the 30% marginal tax bracket is evaluating a municipal bond that offers a 4.25% yield to maturity. What is the Municipal Bond Equivalent Taxable % Yield ?
3.30%
5.50%
6.70%
6.07%
4.30%
The Municipal Bond Equivalent Taxable % Yield of the municipal bond that the client in the 30% marginal tax bracket is evaluating, which offers a 4.25% yield to maturity is 6.07% (option d).
Marginal Tax bracket=30%Municipal Bond Yield to Maturity=4.25%MBETY= ?Formula to calculate the MBETYMBETY = Municipal bond yield/ (1- Marginal tax rate)
Here, Marginal tax rate= 30% and Municipal Bond Yield to Maturity=4.25%Plugging these values into the formula of MBETY, we get,
MBETY= 4.25%/(1-0.30)MBETY= 4.25%/0.70MBETY=6.07%
The correct Municipal Bond Equivalent Taxable % Yield (MBETY) of the municipal bond that the client in the 30% marginal tax bracket is evaluating, which offers a 4.25% yield to maturity is 6.07%. The correct option is d.
To know more about municipal bond:
https://brainly.com/question/14555636
#SPJ11
At a local hardware store when an item stock out occurs, then 70% of the time customers will wait for the backorder if a discount of $2.24 is offered. What is the expected backorder stock out cost? Second place of decimal.
To calculate the expected backorder stock out cost, we need to consider the probability of a stock out occurring and the cost associated with backorders.
Given that 70% of customers will wait for the backorder if a discount of $2.24 is offered, we can calculate the expected backorder stock out cost as follows:
Expected backorder stock out cost = Probability of stock out * Cost of backorder
Since the question does not provide the probability of a stock out occurring, we are unable to calculate the expected backorder stock out cost accurately.
To learn more about stocks click on:brainly.com/question/15565077
#SPJ11
To calculate the expected backorder stock out cost, we need to consider the probability of a stock out occurring and the cost associated with backorders.
Given that 70% of customers will wait for the backorder if a discount of $2.24 is offered, we can calculate the expected backorder stock out cost as follows:
Expected backorder stock out cost = Probability of stock out * Cost of backorder
Since the question does not provide the probability of a stock out occurring, we are unable to calculate the expected backorder stock out cost accurately.
To learn more about stocks click on:brainly.com/question/15565077
#SPJ11
Which of the following doesn’t suggest economies of scale in production?
a.
Certain types of production process.
b.
Large fixed costs in production.
c.
Specialisation and division of labour.
d.
Use of scarce resources in production
The correct answer to the question is option d. Use of scarce resources in production doesn't suggest economies of scale.
Economies of scale refer to the cost advantages that arise when a company increases its production scale. This means that as production volume increases, the cost per unit of output decreases.
Option a. Certain types of production process can suggest economies of scale. For example, continuous production processes that allow for efficient use of resources and high output rates.
Option b. Large fixed costs in production can suggest economies of scale. When fixed costs are spread over a larger number of units, the cost per unit decreases.
Option c. Specialisation and division of labor can suggest economies of scale. By dividing tasks among specialized workers, efficiency and productivity increase.
However, option d. Use of scarce resources in production doesn't suggest economies of scale. If a company relies heavily on scarce resources, increasing production volume may not lead to cost savings. In fact, it may even increase costs due to limited availability.
In summary, options a, b, and c suggest economies of scale, while option d doesn't.
To know more about resources visit :
https://brainly.com/question/14289367
#SPJ11
Provide a brief background of the organization and identify the problem requiring change.
Organization: Ford Motor Company Ford Motor Company is an American multinational automaker headquartered in Dearborn, Michigan. It was founded by Henry Ford on June 16, 1903, and is one of the world's largest automobile manufacturers.
Ford designs, manufactures, markets, and services a full line of cars, trucks, SUVs, electrified vehicles, and Lincoln luxury vehicles.
Problem Requiring Change:
One of the significant challenges facing Ford, like many automotive manufacturers, is the need to address environmental sustainability and reduce the environmental impact of its operations. The problem requiring change is the high emissions and landfill usage associated with the paint department in Ford's assembly plants.
The paint department is responsible for applying coatings to vehicles, providing them with an appealing finish and protection against corrosion. However, traditional paint processes often involve the use of volatile organic compounds (VOCs) and generate significant amounts of waste, contributing to air pollution and landfill usage.
Reducing emissions and landfill usage is crucial for Ford to align with global sustainability goals, meet regulatory requirements, and demonstrate its commitment to environmental stewardship. Implementing changes in the paint department's operations strategy is necessary to mitigate these environmental impacts and transition towards more sustainable practices. This may involve adopting cleaner production techniques, implementing waste management strategies, and integrating environmental considerations into the paint department's processes.
By addressing the problem of emissions and landfill usage in the paint department, Ford can contribute to a more sustainable automotive industry and enhance its reputation as an environmentally responsible organization
Learn more about organization from the given link:
https://brainly.com/question/19334871
#SPJ4
Jane Doe consumes two goods, X and Y. Jane's preferences are described by the utility function, U(X,Y)=4X
1/2
Y
′2
. The current prices of X and Y are $25 and $50, respectively. Jane has an income of $750. a. Use the Lagrangian method to calculate Jane's utility maximizing bundle of X and Y. (10 points) b. Now suppose the government rations purchases of good X such that Jane is limited to 10 units of X per time period. Assuming that Jane chooses to spend her entire income, how much Y will she consume? Compare her MRS to the MRT at this bundle. ( 6 points) c. Now suppose the government instead sets a price floor on X, increasing its price to $30. How much X and Y will Jane now consume? ( 6 points) d. On one graph, depict each of three consumption bundles from parts a,b and c. Illustrate each with an indifference curve and a budget line. ( 10 points)
The horizontal axis represents the quantity of X, and the vertical axis represents the quantity of Y. By plotting the points where the indifference curves and budget lines intersect, we can illustrate the bundles.
To find Jane's utility maximizing bundle of X and Y using the Lagrangian method, we set up the following equation:
L(X,Y,λ) = U(X,Y) + λ(I - PX - PY) where L is the Lagrangian function, U(X,Y) is the utility function, λ is the Lagrange multiplier, I is the income, PX is the price of X, and PY is the price of Y.
Plugging in the given values, we have:
L(X,Y,λ) = 4X¹/²Y² + λ(750 - 25X - 50Y)
To find the optimal values of X and Y, we need to solve the following three equations simultaneously:
∂L/∂X = 0
∂L/∂Y = 0
∂L/∂λ = 0
Solving these equations will give us the utility maximizing bundle of X and Y.
b. Assuming Jane spends her entire income and is limited to 10 units of X per time period, we can find the amount of Y she will consume by substituting the value of X (10) into the budget constraint equation:
PY * Y = I - PX * X
Plugging in the given values, we have:
50Y = 750 - 25 * 10
Solving for Y will give us the amount of Y Jane will consume. We can compare her marginal rate of substitution (MRS) to the marginal rate of transformation (MRT) at this bundle.
c. If the government sets a price floor on X, increasing its price to $30, we can use the same approach as in part b to find the new consumption bundle of X and Y. The budget constraint equation becomes:
PY * Y = I - PX * X
Plugging in the given values, we have:
50Y = 750 - 30X
Solving for X and Y will give us the new amounts Jane will consume.
d. To depict the three consumption bundles from parts a, b, and c on one graph, we can plot the indifference curves corresponding to each bundle and the budget lines. The horizontal axis represents the quantity of X, and the vertical axis represents the quantity of Y. By plotting the points where the indifference curves and budget lines intersect, we can illustrate the bundles.
to know about Lagrangian function visit:
https://brainly.com/question/33166274
#SPJ11
Nakashima Gallery had the following petty cash transactions in February of the current year:
Feb. 2 Wrote a $360 check, cashed it and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier.
5 Purchased bond paper for the copier for $15.95 that is immediately used
9 Paid $40.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the perpetual system to account for merchandise inventory
12 Paid $8.75 postage to express mail a contract to a client.
14 Reimbursed Adina Sharon, the manager, $68 for business mileage on her car.
20 Purchased stationery for $67.77 that is immediately used
23 Paid a courier $19 to deliver merchandise sold to a customer, terms FOB destination.
25 Paid $10.30 COD shipping charges on merchandise purchased for resale, terms FOB shipping point
27 Paid $58 for postage expenses.
28 The fund had $26.40 remaining in the petty cash box. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures.
28 The petty cash fund amount is increased by $70 to a total of $430
Required:
1. Prepare the journal entry to establish the petty cash fund
2. Prepare a petty cash payments report for February with these categories:
Delivery expense
Mileage expense
Postage expense
Merchandise inventory (for transportation-in)
Office supplies expense
Sort the payments into the appropriate categories and total the expenditures in each category.
3. Prepare the journal entries from #2 to both (a) reimburse and (b) increase the fund amount.
Journal entry to establish the petty cash fund:Date: February 2Petty Cash Fund $360 Cash $3602.
Petty cash payments report for February:Delivery Expense: $19Mileage Expense: $68Postage Expense: $8.75 + $58 = $66.75Merchandise Inventory (Transportation-in): $40.50 + $10.30 = $50.80Office Supplies Expense: $67.77Total Expenditures: $19 + $68 + $66.75 + $50.80 + $67.77 = $272.323. Journal entries to reimburse and increase the fund amount:(a) Reimburse the fund:Date: February 28Delivery Expense $19Mileage Expense $68Postage Expense $66.75Merchandise Inventory $50.80Office Supplies Expense $67.77Cash $272.32(b) Increase the fund amount:Date: February 28Petty Cash Fund $70 Cash $701. On February 2, the petty cash fund is established by writing a check for $360 and cashing it. The cash is given to Chloe Addison, the petty cashier.2. The petty cash payments report categorizes the expenditures: - Delivery Expense: The courier fee of $19. - Mileage Expense: Reimbursement to Adina Sharon for business mileage of $68. - Postage Expense: Express mail postage of $8.75 and regular postage of $58. - Merchandise Inventory (Transportation-in): COD shipping charges on merchandise purchased for resale, totaling $40.50 and $10.30. - Office Supplies Expense: The cost of stationery purchased for $67.77.3. (a) To reimburse the fund, a journal entry is made on February 28, debiting the respective expense accounts and crediting cash for the total expenditures of $272.32. (b) To increase the fund amount, another journal entry is made on February 28, increasing the petty cash fund by $70, credited to cash. This brings the total fund amount to $430.
Learn more about Inventory here:
https://brainly.com/question/31146932
#SPJ11
A project manager is concerned that a planned change might damage the key functionality of a major system. The MOST important activity to perform is: A. A quality control check B. An in-depth impact evaluation C. Software version control D. A regression plan 36. A project manager wishes to track a project's performance against the original approved schedule. Which of the following steps is necessary to capture the needed information? A. Determine the critical path B. Determine the milestones C. Set phase gates D. Set a baseline 37. A project manager is leading an effort to build a new factory near a river, and the local population is concerned about the impact of the factory on the waterway. In response the local council will conduct regular inspections. Which of the following are the MOST likely effects to the project? (Select Three) A. Quality will increase B. Additional resources will be required C. The schedule will be impacted D. Additional deliverables will be required E. The burn rate will decrease F. The cost will increase G. The budget will increase 38. A project team is spread across multiple countries and time zones. A change request has been approved by the CCB. Which of the following is the BEST way to communicate the approval? A. Email B. Instant message C. Weekly project meeting D. Intranet posting
The MOST important activity to perform when a project manager is concerned that a planned change might damage the key functionality of a major system is B.
An in-depth impact evaluation. This activity involves thoroughly assessing and analyzing the potential consequences and effects of the planned change on the system's key functionality. It helps the project manager understand the risks and impacts associated with the change and make informed decisions on whether to proceed, modify the change, or find alternative solutions.
The three MOST likely effects to the project when the local council conducts regular inspections due to concerns about the impact of the new factory on the waterway are:
B. Additional resources will be required: The project may need to allocate additional resources to comply with inspection requirements, address any issues identified, and ensure environmental compliance.
C. The schedule will be impacted: The inspections and any resulting actions or modifications to the project may cause delays in the project timeline.
F. The cost will increase: Additional expenses may arise from complying with inspection requirements, addressing environmental concerns, and implementing any necessary changes or mitigation measures.
The BEST way to communicate the approval of a change request to a project team spread across multiple countries and time zones is A. Email. Email provides a written record of the approval and can be easily shared with team members regardless of their location or time zone. It allows for clear communication, provides a timestamped record of the approval, and allows team members to review and refer to the approval details at their convenience. Additionally, email allows for attachments and can include any relevant documentation or instructions related to the approved change request.
Learn more about damage here
https://brainly.com/question/4395083
#SPJ11
Money market instruments are for the long term investment debt obligations of large corporations. True False
False. Money market instruments are typically short-term debt obligations with maturities of one year or less. They are used for short-term borrowing and lending in the money market.
Money market instruments are designed for short-term investment purposes and are characterized by their high liquidity and low risk. They include Treasury bills, commercial paper, certificates of deposit, and repurchase agreements. These instruments serve as a means for participants in the money market to manage their short-term cash needs, facilitate lending and borrowing, and provide a secure place for temporary investment of surplus funds.
On the other hand, long-term debt obligations of large corporations, such as corporate bonds, are typically issued in the capital market. These instruments have longer maturities and are used by corporations to raise funds for long-term investment projects or to refinance existing debt. They are generally considered to carry higher risk compared to money market instruments, as their returns are influenced by factors such as interest rate changes, credit quality, and market conditions.
Learn more about Treasury bills
brainly.com/question/30837260
#SPJ11
Identify three learning objectives of marketing mix and then Identify five concepts generally taught to address the learning objectives
Three learning objectives of the marketing mix include understanding the components of the marketing mix, analyzing their interdependencies, and applying them effectively in a marketing strategy. To address these objectives, five concepts are generally taught: Product, Price, Place, Promotion, People.
Product: This concept focuses on understanding the features, benefits, and value of a product or service. It involves developing strategies for product development, positioning, and branding.
Price: This concept involves learning about pricing strategies, such as cost-based pricing, value-based pricing, and competitive pricing.
Place: This concept explores the distribution channels and strategies for reaching target customers effectively. It covers topics like channel selection, logistics, and retail management.
Promotion: This concept revolves around creating awareness, interest, and desire for a product or service through various marketing communication tools, such as advertising, public relations, sales promotions, and personal selling.
People: This concept emphasizes the importance of customer service and relationship management. It involves understanding consumer behavior, building customer loyalty, and managing the people aspect of the marketing mix, including employees and stakeholders.
To know more about value-based pricing, here
brainly.com/question/29844075
#SPJ4
Derivatives Instruments are used to Hedge Risk. Analyze what are the instruments and explain how these instruments are helpful in Nestle Company's managing risk. (10marks)
Derivative instruments are financial contracts or agreements that derive their value from the performance of an underlying asset, index, or benchmark. In other words, they are financial instruments that allow market participants to manage financial risks by buying or selling contracts to protect against the possibility of future price fluctuations.
The most common types of derivatives used by market participants are forwards, futures, options, and swaps.
1. Forwards: Forwards are contracts that require the delivery of an underlying asset at a specific price and date in the future. They are customized agreements between two parties and are usually traded over-the-counter (OTC).
2. Futures: Futures are similar to forwards, but they are standardized contracts traded on organized exchanges. They have margin requirements and are settled on a daily basis.
3. Options: Options give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price (strike price) on or before a specific date (expiration date). There are two types of options: call options (the right to buy) and put options (the right to sell).
4. Swaps: Swaps are agreements between two parties to exchange a series of cash flows based on an underlying asset or index. They are used to hedge interest rate risk, currency risk, and commodity price risk.
Nestle, a food and beverage company, uses derivative instruments to manage financial risks arising from fluctuations in interest rates, foreign exchange rates, and commodity prices. They use forwards and swaps to manage interest rate risk, options to manage foreign exchange risk, and futures to manage commodity price risk.
For example, Nestle can use a forward contract to lock in a fixed interest rate on a loan or use a currency option to hedge against the risk of a weaker local currency. By using derivatives, Nestle can reduce its exposure to financial risks and protect its profit margins.
To learn more about derivatives, visit here
https://brainly.com/question/25324584
#SPJ11
The following information is available for 2021 for BAM Incorporated: $1,600,000 100,000 125,000 300,000 80,000 200,000 Revenue (200,000 units) 180,000 20.000 Manufacturing costs: Materials cash costs Variable overhead cash costs Fixed overhead cash costs Manufacturing depreciation Marketing and administrative costs: Variable marketing cash costs Marketing depreciation Administrative Administrative depreciation Total costs Operating income 50,000 $1.055,000 $545.000 All depreciation charges are expected to remain the same for 2022. Sales volume is expected to increase by 25 percent, but prices are expected to fall by 10 percent. Material costs are expected to decrease by 10 percent. Variable manufacturing overhead cash costs are expected to decrease by 10 percent per unit. Fixed manufacturing cash overhead costs are expected to increase by 10 percent. Variable marketing costs change with volume. Administrative cash costs are expected to increase by 5 percent. Inventories are kept at zero. Required: Prepare a budgeted income statement for 2022.
Budgeted Income Statement for BAM, Inc. for the Year 2022Revenue $(1,600,000*0.9*1.25) $1,350,000Less: Cost of goods sold, Beginning inventory $0Add Cost of goods manufactured $(200,000 units * (20,000 + 80,000 + 180,000) / 200,000*0.9) $240,000.
Goods available for sale $240,000Less: Ending inventory $0Cost of goods sold $240,000Gross profit $1,110,000Less: Operating expenses, Variable marketing costs $(1,600,000*0.125*0.9*1.25) $168,750Fixed manufacturing overhead costs $(1,055,000 - 200,000) * (1 + 0.1) $909,500Variable administrative costs $(1,600,000*0.05*1.25) $100,000.
Fixed administrative costs $545,000Total operating expenses $1,723,250Operating loss $(613,250) Notes:The following are the calculations for the budgeted income statement: Sales Revenue $(1,600,000 * 0.9 * 1.25) = $1,350,000.
To know more about BAM visit:-
https://brainly.com/question/28288187
#SPJ11
A. Select any multinational company for the assessment and explain the following on
International Trade Law: (2 Marks each)
1. Explain in detail the importance of international partnership agreement(s) for the
company by detailing the merits and measures in place to make sure it brings out the
right global outcome(s).
2. Explain in detail the types of legal partnership agreement(s), company signs with
international partner(s) and detail the importance of LOI and MOU binding those
agreement(s).
3. Explain in detail company’s joint venture agreement platform and the importance of due
diligence exercise and confidentiality agreement(s) to safeguard/protect sensitive
information
4. Explain in detail company’s types of intellectual properties and effective platform(s) to
protect its proprietary creations, innovations and inventions.
5. Explain in detail how the way company evaluates importance/merits/worth of registering
a patent by taking into consideration important criterions – cost, time, fast pace of
technology and public disclosure.
The multinational company selected for this assessment is Coca-Cola. Below are the explanations of the importance of international trade law for Coca-Cola:
1. Importance of International Partnership Agreement(s) for Coca-Cola: International partnership agreements are essential to Coca-Cola to ensure it operates in various parts of the world. These agreements guarantee that the company conducts its business with another company in another country legally and that it brings out the right global outcomes.
2. Types of Legal Partnership Agreement(s), Company Signs with International Partner(s) and the Importance of LOI and MOU Binding Those Agreement(s): The types of a legal partnership agreement(s) the company signs with an international partner(s) are Joint Venture (JV), Joint Marketing, and licensing agreements.
3. Company's Joint Venture Agreement Platform and the Importance of Due Diligence Exercise and Confidentiality Agreement(s) to Safeguard/Protect Sensitive Information: The joint venture agreement platform is essential for Coca-Cola as it provides an avenue for it to establish a partnership with another company in a foreign country and gain access to a market.
4. Company's Types of Intellectual Properties and Effective Platform(s) to Protect Its Proprietary Creations, Innovations, and Inventions: Coca-Cola's types of intellectual properties include trademarks, copyrights, patents, and trade secrets. To protect its proprietary creations, innovations, and inventions, the company implements the following effective platforms: Licensing, franchise, and distribution agreements.
5. How the Way Company Evaluates Importance/Merits/Worth of Registering a Patent by Taking into Consideration Important Criteria - Cost, Time, Fast Pace of Technology, and Public Disclosure: Coca-Cola evaluates the importance/merits/worth of registering a patent by taking into consideration the following critical criteria: cost, time, the fast pace of technology, and public disclosure.
To know more about Multinational Companies visit:
https://brainly.com/question/29794209
#SPJ11
Consider the following information:
Rate of Return If State Occurs
State Probability of
of Economy State of Economy Stock A Stock B Stock C
Boom .54 .12 .20 .38
Bust .46 .14 .04 -.07
a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.)
Expected return ____%
b. What is the variance of a portfolio invested 18 percent each in A and B and 64 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal places, e.g., 32.161616.)
Variance _____%
a) What is the expected return on an equally weighted portfolio of these three stocks? The expected return for each stock may be calculated by adding the probability-weighted returns for each state. The expected return on an equally weighted portfolio of the three stocks may be calculated as the average of the expected returns on each stock. The solution is given below:
Expected return on A = (0.54 x 0.12) + (0.46 x 0.14) = 0.0984 = 9.84%
Expected return on B = (0.54 x 0.20) + (0.46 x 0.04) = 0.1156 = 11.56%
Expected return on C = (0.54 x 0.38) + (0.46 x (-0.07)) = 0.2276 = 22.76%
Expected return on an equally weighted portfolio of these three stocks= (9.84% + 11.56% + 22.76%)/3= 14.39 %
The expected return on an equally weighted portfolio of these three stocks is 14.39%.
b) What are the variance of a portfolio invested 18 percent each in A and B and 64 percent in C? The variance of the portfolio can be calculated as follows:
The variance of the portfolio = WA2 × σA2 + WB2 × σB2 + WC2 × σC2 + 2WAWB × σAB + 2WAWC × σAC + 2WBWC × σBCWhere, WA, WB, and WC are the weights of stocks A, B, and C, respectively. The solution is given below:
WA = 0.18, WB = 0.18, and WC = 0.64σA2
= variance of stock A = [(0.54 x 0.12) - 14.39%]2 + [(0.46 x 0.14) - 14.39%]2 = 0.00410196σB2
= variance of stock B = [(0.54 x 0.20) - 14.39%]2 + [(0.46 x 0.04) - 14.39%]2 = 0.00469066σC2
= variance of stock C = [(0.54 x 0.38) - 14.39%]2 + [(0.46 x (-0.07)) - 14.39%]2 = 0.02846356σAB
= correlation between stocks A and B = [(0.54 x 0.12 x 0.20) + (0.46 x 0.14 x 0.04)] - [(0.54 x 0.12) + (0.46 x 0.14)] x [(0.54 x 0.20) + (0.46 x 0.04)] = 0.0008624σAC
= correlation between stocks A and C = [(0.54 x 0.12 x 0.38) + (0.46 x 0.14 x (-0.07))] - [(0.54 x 0.12) + (0.46 x 0.14)] x [(0.54 x 0.38) + (0.46 x (-0.07))] = 0.0144376σBC
= correlation between stocks B and C = [(0.54 x 0.20 x 0.38) + (0.46 x 0.04 x (-0.07))] - [(0.54 x 0.20) + (0.46 x 0.04)] x [(0.54 x 0.38) + (0.46 x (-0.07))] = 0.0003316
Now, putting these values in the above formula, we get: Variance of the portfolio = 0.0324 = 0.032400
The variance of a portfolio invested 18 percent each in A and B and 64 percent in C is 0.032400.
To learn more about the Variance of the portfolio
https://brainly.com/question/31422901
#SPJ11
If a taxpayer makes an improvement to their house for approved medical purposes, how would they calculate the deductibility of that expense?
What are the types and limitations of the mortgage interest deduction?
What are your perspectives regarding homeownership from a tax perspective?
If a taxpayer makes an improvement to their house for approved medical purposes, the deductibility of that expense can be calculated in certain circumstances. The Internal Revenue Service (IRS) allows taxpayers to deduct medical expenses that exceed a certain percentage of their adjusted gross income (AGI).
To calculate the deductibility of the expense, the taxpayer needs to determine if the improvement qualifies as a medical expense. This can include modifications such as installing ramps, widening doorways, or adding accessible features for individuals with disabilities. Cosmetic improvements that are not specifically for medical purposes, however, would not qualify.
Once the improvement is determined to be a medical expense, the taxpayer can include the cost of the improvement in their itemized deductions on Schedule A of their federal tax return. However, the deductible amount is limited to the amount by which the total medical expenses exceed 7.5% of the taxpayer's AGI, for tax years 2020 and 2021.
Regarding homeownership from a tax perspective, there are several benefits. One of the main advantages is the ability to deduct mortgage interest paid on a qualified home loan, up to a certain limit. Additionally, property taxes paid on the home can also be deducted.
Homeowners may also be eligible for capital gains exclusion when selling their primary residence. If they meet certain ownership and use requirements, they can exclude up to $250,000 ($500,000 for married couples) of the capital gain from the sale of their home.
It is important to note that tax laws and regulations can change, and it's always recommended to consult with a tax professional or refer to the IRS website for the most up-to-date information regarding deductibility and tax benefits of homeownership.
know more about Internal Revenue Service (IRS) here,
https://brainly.com/question/30401300
#SPJ11
The following information was taken from the accounting records of Tampa Roofing Company for the year ended 2022: UNITS UNIT COST TOTAL COST Inventory, January 1 150 P15.00 P2,250.00 Purchased April 1 235 P10.00 2,350.00 Purchased August 15 50 P12.00 600.00 Goods Available for Sale 435 P5,200.00 Goods Sold During the Year 200 ? Ending Inventory Using the same information on number (19), still using FIFO method, how much should be recorded as ending inventory? P3,200.00 P3,275.00 P2,450.00 None of the above P2,350.00 6
Using the FIFO method, the ending inventory recorded for Tampa Roofing Company should be P2,350.00. The ending inventory recorded using the FIFO (First-In, First-Out) method should be P3,200.00.
To calculate the ending inventory using the FIFO method, we need to assume that the oldest units are sold first, and the cost of the most recent purchases is considered for the remaining units.
Inventory, January 1: 150 units at P15.00 per unit
Purchased April 1: 235 units at P10.00 per unit
Purchased August 15: 50 units at P12.00 per unit
Goods Available for Sale: 435 units at a total cost of P5,200.00
Goods Sold During the Year: 200 units
To determine the ending inventory, we need to calculate the cost of the units that remain unsold. The cost of the oldest units is calculated first:
Cost of units sold = 150 units * P15.00 per unit = P2,250.00
Remaining units available for sale = Goods Available for Sale - Goods Sold = 435 units - 200 units = 235 units
Next, we consider the units purchased on April 1 (P10.00 per unit) to account for the remaining units:
Cost of remaining units = 235 units * P10.00 per unit = P2,350.00
Therefore, the ending inventory recorded using the FIFO method is P2,350.00.
Using the FIFO method, the ending inventory recorded for Tampa Roofing Company should be P2,350.00. This method assumes that the oldest units are sold first, and the cost of the most recent purchases is attributed to the remaining units.
To know more about company visit:
brainly.com/question/30532251
#SPJ11
7. Lime Industries, Inc. uses 97,820 units of inventory every year. It generally takes seven
days for the company to order and receive new inventory. Lime likes to keep an additional
seven days of inventory as safety stock. The company should place an order for new inventory
when its stock reaches what point?
A. 268
B. 1,876
C. 3, 752
D. 97,820
E. None of the above
Lime Industries should place an order for new inventory when its stock reaches approximately 1,876 units.
To determine when Lime Industries, Inc. should place an order for new inventory, we need to calculate the reorder point. The reorder point is the inventory level at which a new order should be placed to ensure that there is enough stock to cover the lead time and safety stock.
Reorder Point = (Usage per day × Lead time) + Safety stock
Given that Lime Industries uses 97,820 units of inventory every year and it takes seven days to order and receive new inventory, we can calculate the reorder point as follows:
Usage per day = Total usage per year / Number of working days in a year
Usage per day = 97,820 units / 365 days
Usage per day ≈ 268 units
Lead time = 7 days
Safety stock = 7 days (additional inventory)
Reorder Point = (268 units/day × 7 days) + 7 days
Reorder Point ≈ 1,876 units
Know more about inventory here;
https://brainly.com/question/31146932
#SPJ11
Which of the following would NOT constitute a component of a company's go-to- market system?
Sales force compensation system
Sales-force recruiting strategy and process
Competition analysis
Sales force performance reviews
The component that would NOT constitute a component of a company's go-to-market system is competition analysis.
A company's go-to-market (GTM) system refers to a set of tactics and strategies utilized by businesses to reach their target market and grow their sales. In order to reach their target market, the GTM system uses a number of components, which includes the following:
Sales-force compensation system: Sales-force compensation system is one of the most crucial components of a company's go-to-market strategy. It refers to the manner in which the company remunerates its sales team members for their work. Sales force compensation strategies are intended to motivate sales representatives to perform well by offering financial incentives such as bonuses and commissions for meeting or exceeding sales goals.
Sales-force recruiting strategy and process: A company's salesforce recruiting strategy and process are two key elements of its go-to-market strategy. The company seeks to hire salespeople who have the necessary skills, experience, and characteristics that match the company's objectives and goals.
Sales force performance reviews: This component of the go-to-market strategy includes assessing the performance of sales representatives and giving them feedback. It's critical for maintaining high-quality performance and provides valuable information for sales training and development.However, competition analysis would NOT constitute a component of a company's go-to-market system. This is because competition analysis is a strategic tool that examines the company's industry, competition, and market position. It provides information about the competition's strengths and weaknesses, allowing a company to develop its strategies based on the analysis of its competitors. Although it is a vital tool, it is not a component of a company's go-to-market system.
Learn more about go-to-market (GTM) here:
https://brainly.com/question/31434530
#SPJ11
Nationwde Auto Parts uses a penodic review invertory control systern for one of its stock items. The review interval is 4 weeks, and the lead time for recerving the materials ordered from its wholesal
Nationwide Auto Parts use a periodic review inventory control system for one of its stock items. The review interval is four weeks, and the lead time for receiving the materials ordered from its wholesalers is three weeks.
In a periodic review inventory system, a review of inventory level occurs at fixed periods, and the order quantity is based on the amount of inventory required to carry the organization through to the next review. When there is an inventory shortage, it leads to a stock-out and lost sales. The reorder point (ROP) defines when to reorder the products to avoid stock-out. The ROP is the minimum inventory level that initiates an order for replenishment, which ensures that the company's stock doesn't deplete beyond the minimum required level. The formula for reorder point is given by: ROP = Ld + (Z x σ x √Ld)Where Ld = lead time demand, σ = standard deviation of lead time demand, and Z = the number of standard deviations corresponding to the desired service level. Here, the lead time is three weeks, and the demand per week is 250 (1000 units/4 weeks), so the lead time demand is 750 (3 weeks * 250 units/week). For a service level of 95%, the corresponding value of Z is 1.65.
Thus, the reorder point can be calculated as follows: ROP = 750 + (1.65 x 200 x √750) ROP = 750 + (1.65 x 200 x 27.39) ROP = 4,569 Therefore, the recommended reorder point is 4,569 units.
To know more about Inventory control visit-
https://brainly.com/question/26533444
#SPJ11
A company has equity with market value $100 million and debt with market value at $70 million. The debt pays perpetual expected coupons of $3.5 million annually.
The numbers above are prior to a stock buyback being announced.
The company uses some of its cash buyback stock on of $20 million. As a result of the fall in its cash, the expected coupon payment to debt reduce to $3.4 million (expected payments is the probability-weighted future coupons and the probability that in some future states of the world the firm would default has increased due to the stock buyback). Also the rate of discount Rd for expected coupons paid to debt rises to 5.25%.
Assume Modigliani Miller is true (which also means there are no taxes).
What will be the value of equity after the stock buyback? (Do not include the $20 million that is paid to the equity holder.)
The value of equity after the stock buyback is $80 million.
In a company that has equity with market value $100 million and debt with a market value of $70 million, the company buys back stock of $20 million. As a result of this fall in cash, the expected coupon payment to debt reduces to $3.4 million while the discount rate Rd for expected coupons paid to debt rises to 5.25%.
What will be the value of equity after the stock buyback?To calculate the new value of the equity, we use the Modigliani-Miller (MM) formula without taxes. The MM formula without taxes suggests that the value of the leveraged firm is the same as the value of the unlevered firm.
Using the formula of the MM model we can compute the value of the firm after the buyback as follows:
VL = Vu + (D * Tc)VL = Vu + D
where
VL is the value of the levered firmVu is the value of the unlevered firmD is the value of debtTc is the corporate tax rateAccording to the MM formula, the value of equity is equal to the value of the levered firm (VL) minus the value of the debt (D).
Therefore:
Ve = VL - D
We must first calculate the value of the firm after the buyback:
VL = Vu + DVL
= $170M ($100M + $70M) - $20MVL
= $150M
The value of the debt is the same after the buyback: D = $70M
The value of equity can now be calculated as follows:
Ve = VL - DVe
= $150M - $70MVe
= $80M
Therefore, the value of equity after the stock buyback is $80 million.
Learn more about stock: https://brainly.com/question/29830816
#SPJ11
Which of the following best describes public administration:
a. Implementation of Privet policy
b. Implementation of Privet goals
c. Is the action part of the government
d. None of these
Public administration is the action part of the government describes public administration. Option C is correct
Public administration refers to the activities, processes, and actions involved in the implementation of government policies, programs, and services. It encompasses the management and operation of public agencies, organizations, and institutions tasked with delivering public goods and services to the community
. Public administration involves the planning, organizing, coordinating, and directing of resources and personnel to effectively and efficiently carry out government functions and serve the public interest. It is distinct from private administration, which involves the management and operation of private organizations in pursuit of private goals and objectives.
To know more about public administration: here
https://brainly.com/question/22972887
#SPJ11
