1. An oyster bar serves an average of 1,000 oysters per day. The purchase cost is roughly $2 each. Because oysters must be kept on ice and there is heavy spoilage over night, the daily inventory holding cost is estimated to be 45% (i.e., it costs on average $0.9 to keep an oyster in storage for a whole day). The delivery cost per order is $50. How many deliveries per day are optimal for the oyster bar to minimize total costs?
2. Suppose the oyster bar operates 10 hours a day and thus the average consumption rate is 100 oyster per hour, however due to demand fluctuation the bar determines it should keep a safety stock of 30 oyster. Suppose the oyster supplier's lead-time (from order to delivery) is 1.5 hours. If the inventory is constantly monitored, when the inventory drops to what level (reorder point) should the oyster bar makes another order? If the demand becomes more variable over time (but unchanged on average), should the reorder point become higher or lower?

Answers

Answer 1

1. The number of deliveries per day that are optimal for the oyster bar to minimize total costs is 25. 2. Reorder point (inventory level) is 180 and effect of variability on reorder point is that it should be higher.

1. In the given problem, the following things are given: Average consumption of oysters per day: 1000, Purchase cost: $2, Cost of keeping oysters in storage for a day: 45% of $2, Delivery cost per order: $50. Let the optimal number of deliveries per day be d. We know that,

Total cost = Purchase cost + Cost of keeping in storage + Delivery cost / Number of deliveries per day

Therefore,

Total cost = (1000/d)*2 + (0.45*2*1000) + 50d

To minimize total costs, let's differentiate the above expression with respect to d.

(d/1000)*2 - 50 = 0

(d/1000)*2 = 50

d = 25

Therefore, the optimal number of deliveries per day is 25.

2. Let the reorder point be r. As given in the problem, Consumption rate = 100 oysters per hour, Safety stock = 30 oysters, Lead time (order to delivery) = 1.5 hours.

Therefore, the usage during lead time would be 100*1.5 = 150 oysters

We need to consider the safety stock while calculating the reorder point. Therefore,

Reorder point = Usage during lead time + Safety stock

Reorder point = 150 + 30

Reorder point = 180

If the demand becomes more variable over time (but unchanged on average), then the reorder point should be higher.

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Related Questions

According to Noe (2010 pp.125-135) there are three stages involved in the HR Planning Process.
Forecasting
Goal Setting and strategic planning
Implementing and Evaluation
A recent report, dated November 3, 2020, on executive awareness of and involvement in corporate pandemic preparedness by Michael Evangelides, Principal at Deloitte Consulting LLP, states that, most top executives and boards of directors are not engaged in the influenza pandemic planning process and won't give it equal billing to other potential disruptions until at least one of the following occurs:
Media attention to pandemic influenza increases.
Legislation or Regulation are passed, requiring enactment
Shareholders and investors demand a high level of preparedness.
The financial impact of a pandemic on the corporation becomes evident.
"Obviously, planners can do little to nudge along the first three prerequisites. But, fortunately, the fourth is, very important, and is in their sphere of influence. And it is worth pursuing", says Penny Turnbull, Senior Director of Crisis Management and Business Continuity Planning at Washington, DC–based Marriott International, Inc. "It certainly helps to focus the minds of senior executives to know that this is something that's important for the Chairman and CEO, because obviously that drives a lot of the momentum," she says. "If it's important for the Chairman and CEO to be concerned that the pandemic is affecting their bottom line, it means it's an important issue for all of our senior executives. Which means it's important to our General Manager, Directors, Managers and it trickles down from there. Humans are creatures of habits. From top level staff to front line staff, communication change will not be easy, as there is little to no protocol in place".
1. How do you visualise the HR Manager’s role in the above scenario? Give two (2) examples and support same

Answers

The HR Manager’s role in the above scenario can be visualized as ensuring that the organization is prepared for a pandemic.

How should the HR Manager support the company ?

The HR Manager could work with other leaders in the organization to develop policies and procedures that address the potential impact of a pandemic on the workforce.

The HR Manager would be responsible for communicating with employees about the organization's pandemic preparedness plans. This could include providing information about what steps the organization is taking to prepare for a pandemic, as well as providing information on how employees can protect themselves and their families.

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Why has this form of ownership not been replicated in

other cities?

Answers

For a sports franchise, the not-for-profit ownership structure is not the best option. The costs incurred by sports teams today are extremely high, and the level of competition has significantly increased. Since it is a non-profit, it must rely heavily on donations.

The most popular types of business ownership are corporations, which can be taxed as either C corporations or S corporations, limited liability partnerships, limited liability companies, series LLCs, and sole proprietorships. The strongest protection from personal liability is provided to owners by corporations, but forming a corporation is more expensive than creating other types of structures. Additionally, corporations require more thorough reporting, operational procedures, and record-keeping.

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ALM 811S I st Opp June 2018
Question 3 With the aid of examples, critically evaluate the
strategic role of the following in modern day logistics management:
(a) Reverse Logistics Information Systems (

Answers

RLIS and green logistics are two strategic elements of modern-day logistics management. RLIS provides organizations with visibility and control over the reverse logistics process, while green logistics enables organizations to implement sustainable practices and technologies to reduce their environmental impact.

(a) Reverse Logistics Information Systems (RLIS)

Reverse logistics refers to the process of managing the return of products, materials, and equipment from their point of consumption or end-users to their point of origin. RLIS is a technology-based solution that enables the management and coordination of the entire reverse logistics process. It involves the collection and analysis of data related to the reverse logistics process, including product returns, warranty claims, repairs, and refurbishments.

(b) Green Logistics

Green logistics refers to the process of integrating environmental considerations into the logistics management process. It involves the implementation of sustainable practices and technologies to reduce the environmental impact of logistics operations. Green logistics has become increasingly important in modern-day logistics management as organizations seek to reduce their carbon footprint and meet sustainability goals.

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MRT, a calendar year corporation, placed the following assets in service this year. Use Table 72 and Appendix 7-A Asset Manufacturing equipment Furniture and fixtures Transportation equipment office equipment Initial Recovery Date Placed Cost Period in Service $259,000 7 years April 23 56,000 7 years May 2 225,000 5 years September 3 120,000 7 years December 1 a. Compute MRT'S MACRS depreciation with respect to the assets placed in service this year. Assume MRT does not elect to use first- year bonus depreciation or Section 179. b. In December, MRT decided to purchase $285,000 of additional equipment. The corporation could buy the equipment and place it in service before year-end, or it could postpone the purchase until January. What effect does this decision have on MRT'S depreciation with respect to the assets already in service?

Answers

The total depreciation for assets placed in service this year is:  $107,157.50. If MRT decides to purchase $285,000 of additional equipment and place it in service before year-end, the corporation can claim additional depreciation on that equipment based on the applicable MACRS percentage and recovery period.

For this question, we need to use Table 72 and Appendix 7-A from the IRS publication to compute MRT'S MACRS depreciation with respect to the assets placed in service this year.

a. To compute the MACRS depreciation with respect to the assets placed in service this year, we need to use the MACRS percentages and applicable recovery periods based on the asset classes. Using the information given in the question and Table 72, we can compute the depreciation for each asset as follows:

Manufacturing equipment: $259,000 placed in service on April 23, 7-year property Applicable MACRS percentage for 7-year property placed in service in 2023: 14.29% Depreciation for 2023: $259,000 x 14.29% = $37,011.10

Furniture and fixtures: $56,000 placed in service on May 2, 7-year property Applicable MACRS percentage for 7-year property placed in service in 2023: 14.29% Depreciation for 2023: $56,000 x 14.29% = $7,998.40

Transportation equipment: $225,000 placed in service on September 3, 5-year property Applicable MACRS percentage for 5-year property placed in service in 2023: 20.00% Depreciation for 2023: $225,000 x 20.00% = $45,000.00

Office equipment: $120,000 placed in service on December 1, 7-year property Applicable MACRS percentage for 7-year property placed in service in 2023: 14.29% Depreciation for 2023: $120,000 x 14.29% = $17,148.00

Therefore, the total depreciation for assets placed in service this year is: $37,011.10 + $7,998.40 + $45,000.00 + $17,148.00 = $107,157.50

b. If MRT decides to purchase $285,000 of additional equipment and place it in service before year-end, the corporation can claim additional depreciation on that equipment based on the applicable MACRS percentage and recovery period. This would increase the overall amount of depreciation claimed for the year. However, if the corporation decides to postpone the purchase of the equipment until January, it will not be able to claim any depreciation.

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What is the annual holding cost rate?

Answers

Answer:

20-30%

Explanation:

Three years ago XYZ International issued some 34​-year zero-coupon bonds that were priced with a market's required yield to maturity of 12 percent and a par value of $1,000. What did these bonds sell for when they were​ issued? Now that 3 years have passed and the​ market's required yield to maturity on these bonds has climbed to 14 percent, what are they selling​ for? If the​ market's required yield to maturity had fallen to 10 percent, what would they have been selling​ for?

Answers

Three years ago XYZ International issued some 34​-year zero-coupon bonds:

(a) $78.89(b) $63.04(c) $184.56

Three years ago XYZ International issued:

Par value (FV) = $1,000

Coupon rate = 0.00%

Number of compounding periods per year = 1

Interest per period (PMT) = Par value (FV) × Coupon rate / Number of compounding periods per year.

Interest per period (PMT) = $1,000 × 0.00% / 1

Interest per period (PMT) = $-

Number of years to maturity = 33

Number of compounding periods  till maturity (NPER) = Number of compounding periods per year × Number of years to maturity

Number of compounding periods  till maturity (NPER) = 1 × 33

Number of compounding periods  till maturity (NPER) = 33

Market rate of return/Required rate of return = 8.00%

Market rate of return/Required rate of return per period (RATE) = Market rate of return/Required rate of return / Number of compounding periods per year.

Market rate of return/Required rate of return per period (RATE) = 8.00% / 1

Market rate of return/Required rate of return per period (RATE) =  8.00%

Zero coupon bond price = PV(RATE, NPER, PMT,FV) × -1

Zero coupon bond price = 78.89

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Note:- part (b) and part (c) are attached to image.

a. Make a glass of tea, .... ? (Supply the correct question tag) b. Shuvam plays cricket. (Change into Yesno question) c. Did Rama cook food? (Change into statement) d. Please don't make so much noise. Father (sleep). (Put the verb in the bracket in the correct tense) e. Amrita said to me, "Please help me." (change into reported speech) f. Does she help you? (Change into passive voice)

Answers

a. The correct question tag for the sentence "Make a glass of tea" is "will you?", which will make the complete sentence "Make a glass of tea, will you?"

b. The Yes-no question form of the sentence "Shuvam plays cricket" is "Does Shuvam play cricket?"

c. The statement form of the sentence "Did Rama cook food?" is "Rama cooked food."

d. The correct tense for the verb "sleep" in the sentence "Please don't make so much noise. Father (sleep)" is "is sleeping." Thus, the correct sentence is "Please don't make so much noise. Father is sleeping."

e. The reported speech of the sentence "Amrita said to me, 'Please help me'" is "Amrita requested me to help her."

f. The passive voice of the sentence "Does she help you?" is "Are you helped by her?"

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Explain how might a nation’s production possibilities be affected by new wind power technology? Furthermore, how may production be impacted from an increase in immigration, health care spending by the government, or an increase in college attendance?

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A nation’s production possibilities can be affected by new wind power technology in several ways. Firstly, new wind power technology may reduce the cost of energy production, thus allowing the nation to increase its output of other goods and services.

Secondly, it may create new jobs in the energy sector, thus increasing the nation’s labor force and allowing for increased production.

A rise in immigration might boost output as well because it would increase the number of workers and the size of the labor force.

Government investment in healthcare might be raised, which would help to improve the population's general health and boost output and productivity.

Last but not least, a rise in college enrollment might result in a rise in the number of skilled workers, which might aid in raising the country's capacity for production.

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What payment 4 months from now would be equivalent in value to a $12,625 payment due 11 months from now? The value of money is 7.1%, simple interest. Round your answer to 2 decimal places.

Answers

We must apply the equivalent payment formula and the idea of time value of money to this problem in order to solve it.

What payment 4 months from now would be equivalent in value to a $12,625 payment due 11 months from now?

First, we must determine the interest rate per month, which is equal to 0.59% per month when the annual interest rate of 7.1% is divided by 12 months. After that, we can apply the following formula to determine the equivalent payment:

Payment 1 / (1+r)n = Payment 2 / (1+r)m

Where n is the number of months between Payment 1 and Payment 2, r is the monthly interest rate, and m is the number of months between Payment 2 and the desired payment.

When we enter the values, we obtain:

Payment 2 / (1 + 0.0059) = $12,625 / (1 + 0.0059)4

If we solve for Payment 2, we obtain:

Payment 2 = $12,625 x (1 + 0.0059)11 / (1 + 0.0059)4

Payment 2 equals $12,625 multiplied by 1.0809 and divided by 1.0135

Payment 2 equals $13,371.70

Therefore, the payment that will be due in 4 months will be worth $13,371.70, which is the same as the $12,625 payment that will be due in 11 months.

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you're representing a seller who is motivated to sell their property, but their home's elevation certificate says the home is 2.5 feet above the bpe. what does bpe mean and how would this affect the home's potential sales price and value?

Answers

BPE means "base flood elevation." This is the level at which the government estimates the probability of a flood occurring in a given area.

What does BPE mean and how would this affect the home's potential sales price and value?

The Base Flood Elevation (BPE) of a property affects its potential sales price and value. When the BPE is lower than the property's ground level, the seller must disclose this in advance of the sale since this may impact the buyer's decision to purchase the property.

In this scenario, the seller's elevation certificate reveals that the house is 2.5 feet above the BPE, implying that it is located in a flood-prone area. This may indicate that the home will be more challenging to sell, particularly if the potential buyers are unfamiliar with the area's flood history or do not have flood insurance.

The home's value may be reduced as a result of its proximity to a flood zone, resulting in a lower sale price. To prevent the loss of property value or the difficulty of selling in the future, the seller can consider purchasing flood insurance and informing potential buyers of the property's flood history and any flood control measures they may have installed.

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- Introduction to the importance of organisational structures. - State the organisational structure of your company. (matrix, functional or holacratic?)

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Organizational structure is an important aspect of any company, as it determines how roles, responsibilities, and workflows are organized within the organization. The structure can have an impact on the company's culture, efficiency, and overall success.

From the search results, different types of organizational structures were mentioned, such as hierarchical, functional, divisional, matrix, and Holacracy. Each of these structures has its own advantages and disadvantages, and companies choose the structure that best fits their needs.

To answer the question, I would need to know the specific company in question. If you could provide me with the name of the company, I can search for information about its organizational structure and provide a more accurate answer.

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a government encounters a recessionary gap and uses expansionary fiscal policy to correct this problem. it may: a find tax revenues increasing. b cause its budget balance to move towards a surplus. c find an existing budget surplus getting larger. d find the policy ineffective especially if a budget deficit is present since 'crowding out' may occur. e find the policy very effective even if they have to borrow since they will spend the money

Answers

When a government encounters a recessionary gap and uses expansionary fiscal policy to correct this problem, it may result in several outcomes: Find tax revenues increasing, Cause its budget balance to move towards a surplus,  Find an existing budget surplus getting larger and  Find the policy ineffective.

a) Find tax revenues increasing: Expansionary fiscal policy is a policy where the government increases its spending, decreases taxes, or both to stimulate economic growth. When the government decreases taxes, the disposable income of the people increases, and they will spend more. This will result in an increase in the production of goods and services, which will generate more revenue for the government in the form of taxes.

b) Cause its budget balance to move towards a surplus: Expansionary fiscal policy, by design, will increase government spending, and thus the government will have to borrow more. However, if the government increases the taxes simultaneously with an increase in spending, it can move towards a budget surplus.

c) Find an existing budget surplus getting larger: If the government has a budget surplus, it means that its revenue is greater than its expenses. If the government then decides to increase its spending or decrease its taxes, it will cause its budget surplus to decrease. However, if the government simultaneously increases its taxes and decreases spending, the budget surplus can increase.

d) Find the policy ineffective, especially if a budget deficit is present since 'crowding out' may occur: Crowding out is a phenomenon where the government borrows too much money, and as a result, the interest rates increase. This increase in interest rates will make borrowing expensive for private individuals and companies, and hence they will reduce their spending. This can result in the expansionary fiscal policy being ineffective, especially if the government has a budget deficit.

e) Find the policy very effective, even if they have to borrow since they will spend the money: If the government has a recessionary gap, it means that the economy is not performing well, and people are losing jobs. In this situation, if the government increases its spending, it can provide a boost to the economy, and people can get their jobs back. Hence, the expansionary fiscal policy can be very effective, even if the government has to borrow to finance it. However, the government needs to be careful not to borrow too much as it can cause crowding out.

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For the sake of simplicity, assume that in each year, each company reinvests all of its retained earnings into a single investment opportunity, generating annual cash flows in perpetuity at a rate equal to its current return on book equity. a. (10) For each company, consider the investment opportunity available next year \left(t=1\right). Calculate the payback period, internal rate of return, and per share net present value NPV_1 of next year’s investment opportunity. Are these projects worth pursuing? b. (10) Now consider each company’s investment opportunity at t=2, with annual earnings permanently increased by the cash flows from the year 1 investment. If the firm continues to plow back the same proportion of earnings and earn the same return on equity, what is the net present value NPV_2 of the project? c. (10) If each company continued to plow back earnings at the same rate and earn the same return on equity, what would be the present value of all its future growth opportunities? Does this match your answer from #1?

Answers

a). The net present value is $22.54, b). NPV_2 = $1,277.50, c).  the present value of all future growth opportunities is $-100 , No, it does not match the answer from #1

Company A will reinvest $20 in perpetuity at a rate of 20%, payback period is 5 years, the internal rate of return is 20%, and the net present value is $51.23. Hence the project is worth pursuing.

Company B will reinvest $10 in perpetuity at a rate of 10%, payback period is 10 years, the internal rate of return is 10%, and the net present value is $22.54. Hence the project is not worth pursuing.

Calculation of NPV_2 is given as below. The net present value of the investment opportunity at t = 2 is given by:NPV_2 = + (1.1 * 51.23) / (0.2 - 0.1) NPV_2 = $1,277.50Since NPV_2 is positive, the project is worth pursuing.

Calculation of the present value of all future growth opportunities is given as below. Company A’s earnings will grow at a rate of 20% in perpetuity, present value of all future growth opportunities = $20 / (0.2 - 1) = $-100

Company B’s earnings will grow at a rate of 10% in perpetuity, present value of all future growth opportunities = $10 / (0.1 - 1) = $-100. This does not match the answer from #1 as the net present value of investment opportunities at t = 1 and t = 2 was positive.

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At 30th June 2018 a company’s provision for doubtful debts was £78,000. At 30th June 2019 debtors (receivables) totalled £1,034,000. It was decided to write off debts totalling £74,000 and to adjust the provision to the equivalent of 5% of remaining debtors (receivables). What figure should appear in the income statement for bad and doubtful debts expense for the year ended 30 June 2019?
£74,000
£44,000
£47,700
£104,000

Answers

The figure that should appear in income statement for bad and doubtful debts expense for year ended 30 June 2019 is £44,000.

What is income statement?

An income statement, also known as a profit and loss statement, is a financial report that provides an overview of a company's revenue, expenses, and net income over a specific period of time. The statement begins with the company's total revenue, which is then subtracted by the cost of goods sold and any other operating expenses to arrive at the operating income. From there, non-operating expenses and income, such as interest payments, taxes, and gains or losses from investments or asset sales, are factored in to arrive at the net income or profit. The income statement is an important tool for investors and analysts to evaluate a company's financial performance, as it provides insights into the company's revenue-generating capabilities and cost management strategies.

Remaining debtors = Total debtors - debts written off = £1,034,000 - £74,000 = £960,000

New provision for doubtful debts = 5% of £960,000 = £48,000

Change in provision for doubtful debts = New provision - Old provision

= £48,000 - £78,000

= -£30,000 (negative because the provision is being reduced)

Bad and doubtful debts expense = Debts written off + Change in provision for doubtful debts

= £74,000 + (-£30,000)

= £44,000

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Congratulations! You've just purchased your first home. Before you can move in, the kitchen and laundry room need new appliances. Look at several websites to determine a representative price for each of the items listed below. Include a link to each web page used to find your information. Refrigerator Gas stove Washing machine Microwave oven Dishwasher

Answers

Planning for moving in can be an exciting process. Here are some general steps to consider when planning for new appliances:

Some tips and steps to follow:

Determine your budget: Consider how much you are willing to spend on new appliances for your kitchen and laundry room. Look at your finances and determine what is affordable for you. Prices for appliances can vary depending on the brand, model, and features, so it's essential to have a set budget in mind.

Research: Do some research to determine a representative price for each of the appliances you need. Check various sources, including appliance stores, online retailers, and home improvement stores, to get an idea of the average price range for each appliance. You can also consider looking for sales and discounts to save some money.

Prioritize: Consider which appliances are most important to you. For example, if you love to cook, you may want to invest more money in a high-quality gas stove, while a basic refrigerator may be sufficient for your needs.

Choose reputable brands: When buying appliances, it's important to choose reputable brands that are known for their quality and durability. This can help ensure that your appliances last for many years and don't require frequent repairs or replacements.

Consider energy efficiency: Energy-efficient appliances can save you money on your utility bills in the long run. Look for appliances with an Energy Star rating, which indicates that they meet specific energy efficiency standards.

In terms of prices, here are some general price ranges for each appliance:

Refrigerator: $500-$3,000+

Gas stove: $500-$2,000+

Washing machine: $400-$1,500+

Microwave oven: $100-$500+

Dishwasher: $300-$1,500+

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Amart Ltd needs to purchase glass panes to make dining tables. Last year Amart has two suppliers, Sunrise and Texco, with the following supplier related information:
Supplier related activities Cost per unit of
activity driver Number of activities
for Sunrise Number of activities
for Texco
Returning poor quality glass panes $105 per pane 20 panes 15 panes
Processing purchase orders $20 per order 19 orders 43 orders
Receiving and inspecting deliveries $45 per delivery 15 deliveries 17 deliveries
Supplier audit $800 per audit 5 audits 3 audits
Rework due to poor quality glass $70 per table 50 tables 15 tables
Purchase price per glass pane $120 $130
Number of glass panes purchased 404 780
Calculate the supplier performance index of Sunrise (round your answer to 2 decimal places).

Answers

The Supplier performance index (SPI) is calculated to evaluate the performance of the suppliers in the market. The steps to calculate the SPI are as follows:

Define the necessary activities and measure the unit cost of each activity.

Record the amount of activity performed by each supplier.

Multiply the cost per unit of activity by the number of activities performed for each supplier to obtain a cost for each activity for each supplier.

Sum the cost of all activities for each supplier.

Calculate the unit cost of purchased glass panes by each supplier.

Multiply the unit cost of purchased glass panes by the number of purchased glass panes to obtain the cost of purchased glass panes for each supplier.

Add the cost of all activities and the cost of purchased glass panes for each supplier to obtain the total cost of purchasing from each supplier.

Calculate the SPI as the ratio of the cost of purchasing from the best supplier to the cost of purchasing from the supplier being evaluated.

To calculate the supplier performance index of Sunrise, we need to calculate the total cost of purchasing from Sunrise.

Total cost of purchasing from Sunrise = Total cost of all activities performed by Sunrise + Cost of purchasing glass panes from Sunrise

So,

Total cost of all activities performed by Sunrise = (20 * $105) + (19 * $20) + (15 * $45) + (5 * $800) + (50 * $70)

Total cost of all activities performed by Sunrise = $12,770

Cost of purchasing glass panes from Sunrise = 404 * $120 = $48,480

Total cost of purchasing from Sunrise = $12,770 + $48,480 = $61,250

Now, we need to calculate the SPI of Sunrise.

Supplier Performance Index (SPI) = Cost of purchasing from the best supplier / Cost of purchasing from the supplier being evaluated.

Suppose the cost of purchasing from the best supplier is $50,000.

SPI of Sunrise = $50,000 / $61,250

SPI of Sunrise = 0.8158 (rounded to 2 decimal places)

Therefore, the supplier performance index of Sunrise is 0.82 (rounded to 2 decimal places).

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The government is considering imposing an excise tax on the following set of items. If the government wants to minimize the deadweight loss (DWL) of taxation, which of the following items are good candidates for an excise tax? Choose one or more: O A. salt O B. gasoline O C. tangerines O D. Ford trucks

Answers

The items that are good candidates for an excise tax if the government wants to minimize the deadweight loss (DWL) of taxation are gasoline and tangerines. Option B and C are correct.

Deadweight loss (DWL) is the economic cost incurred as a result of an inefficient allocation of resources caused by taxes. The size of deadweight loss depends on the elasticity of the demand and supply curve of the goods being taxed. The higher the elasticity, the higher the deadweight loss caused by the tax.

As per the question, the government is considering imposing an excise tax on the given set of items that include salt, gasoline, tangerines, and Ford trucks. The items that have inelastic demand are good candidates for an excise tax as the consumers' response to the tax would be low, and the impact of the tax would fall mainly on the producer's revenue, which in turn leads to lower deadweight loss (DWL) of taxation.

Gasoline and tangerines are good candidates for an excise tax as their demand is inelastic. The price of gasoline and tangerines can be raised without causing a significant change in the quantity of demand, and thus, there would be a lower deadweight loss (DWL) of taxation.

Salt and Ford trucks are not good candidates for an excise tax because salt has elastic demand, which means that consumers can easily switch to a cheaper alternative, and the impact of the tax would fall mainly on the consumers, resulting in higher deadweight loss. Similarly, Ford trucks also have elastic demand, and hence, a tax on Ford trucks would lead to higher deadweight loss.

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Name two (2) basic legal obligations payroll has regarding payas you go withholding (PAYGW) tax.

Answers

There are two basic legal obligations payroll has regarding pay-as-you-go withholding (PAYGW) tax:


 Accurately calculate, deduct, and remit PAYGW tax for all employees, based on the tax tables in the relevant jurisdictions.
 File PAYGW tax returns in the relevant jurisdictions and report all payroll-related information, including payments to employees, taxes withheld, and contributions to superannuation funds.

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when creating a personal balance sheet, which of the following is an investment asset? retirement account such as a 401k vacation property personal possessions in your home cash surrender value of life insurance checking account

Answers

When creating a personal balance sheet, the following are investment assets: Retirement account, such as a 401k, Vacation property, Cash surrender value of life insurance.

An investment asset is something acquired with the intention of generating returns or appreciating in value over time. Stocks, mutual funds, commodities, and real estate are examples of investment assets.

Investment assets may produce revenue or capital gains. Investment assets provide investors with the ability to earn higher rates of return than those available on standard deposit accounts.

A personal balance sheet is a financial statement that details a person's assets, liabilities, and net worth at a given time. It displays what an individual owns and what they owe. The personal balance sheet is a summary of one's net worth, which is computed by subtracting total liabilities from total assets.

The purpose of a personal balance sheet is to provide a snapshot of a person's financial situation so that they may make more educated financial decisions.

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Process A has fixed costs of $1000 and variable costs of $5.75 per unit. Process B has fixed costs of $850 and variable costs of $5.50 per unit. Which of the following statements is/are TRUE?
Group of answer choices (can choose multiple if applicable):
- It is not possible for a process to have both fixed cost and variable costs lower than those of another process.
- Process B is cheaper than process A at all volumes.
- Process A should be selected for very large production volumes.
- The crossover point is 600 units.

Answers

Explanation:

Process A has fixed costs of $1000 and variable costs of $5.75 per unit. Process B has fixed costs of $850 and variable costs of $5.50 per unit. Which of the following statements is/are TRUE?

Group of answer choices (can choose multiple if applicable):

- It is not possible for a process to have both fixed cost and variable costs lower than those of another process.

- Process B is cheaper than process A at all volumes.

- Process A should be selected for very large production volumes.

- The crossover point is 600 units.

due care and due diligence require that an organization make a valid effort to protect others and continually maintain this level of effort, ensuring these actions are effective. a. true b. false

Answers

Due care and due diligence require that an organization make a valid effort to protect others and continually maintain this level of effort, ensuring these actions are effective. This statement is true because due diligence is often used in business or financial contexts and due care is necessary to prevent injury or damage, and it is frequently used in legal settings.

Due diligence: Due diligence refers to the level of judgment, caution, and care that a practical individual is expected to take in the course of certain activities to avoid harming others. A due diligence audit is a comprehensive review of an investment opportunity to ensure that it is a sound investment choice. Due diligence can be carried out on a range of actions, such as buying a business, investing in the stock market, preparing for a corporate merger, or signing a contract with a vendor. Due diligence should be documented and maintained by the responsible organization or person.

Due care: Due care is a legal obligation that requires organizations and people to take sensible precautions to prevent harm. When a corporation, individual, or other entity has a legal responsibility to provide due care, it implies that they must act with reasonable prudence, caution, and attention. This includes following best practices, carefully monitoring equipment and systems, and adhering to established policies and procedures in a timely manner.

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a company's minimum acceptable rate of return for a capital investment decision is called the: select one: a. internal rate of return (irr). b. maximum rate of return. c. hurdle rate. d. average rate of return. e. accounting rate of return (arr).

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A company's minimum acceptable rate of return for a capital investment decision is called the Hurdle Rate. The correct answer is c. Hurdle Rate.


Hurdle rate is the minimum rate of return required on a project or investment for it to be deemed acceptable or ‘worthwhile’. It is used to evaluate new investments and is typically set by the company’s management.


For example, if a company has a 10% hurdle rate, they will only invest in a project or purchase an asset if they expect a return greater than 10%. If the expected rate of return is lower than the hurdle rate, the project or asset purchase would be rejected.

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Wells Fargo Banking Scandal .Analysis of the proposed situation offering the appropriate rules to ensure sound business practices. Present an analysis of the ethically and legally relevant elements raised by the "Wells Fargo Banking Scandal" proposing a strategy and stating the appropriate rules to ensure sound business practices in related situations. Note that your work shall present a critical thinking angle and that your arguments shall be backed up by relevant literature and resources duly cited and referenced. Please make sure you support your statements with information from relevant sources, respecting the Harvard Referencing Style Guide in use. word count- minimum of 2000 words

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The Wells Fargo Banking Scandal is a reminder of the need for effective ethical policies and procedures in order to ensure sound business practices. The scandal involved the creation of more than two million accounts without customers' knowledge and consent, resulting in a fine of $185 million.

This scandal highlights the importance of protecting the rights of consumers and employees and following the rules of ethical conduct, such as not using deceptive practices, not pressuring employees into unethical actions, and putting in place sound business practices that promote honesty and integrity.

In order to prevent a similar situation from occurring, organizations must implement an ethical code of conduct that outlines the values and beliefs of the organization. The code should be specific and clearly defined, include clear consequences for unethical behavior, and be regularly reviewed and updated to ensure that it is in line with the latest regulations and ethical standards. Organizations should also establish a formal complaint process for employees to use in case of unethical practices, such as creating unauthorized accounts.

Additionally, organizations should create a culture of ethical conduct, which can be accomplished by conducting training for employees and management on ethics, establishing whistleblowing policies, and regularly evaluating employee performance. Organizations should also ensure that their employees are aware of the consequences of unethical behavior, including disciplinary actions and possible criminal charges.

Organizations should also monitor employee activities and create an internal audit system to identify areas of risk. This audit system should focus on identifying any discrepancies between the stated policies and actual practices. Organizations should also institute whistleblower protection programs and other incentives to encourage reporting of unethical practices.

Finally, organizations should create policies that promote openness and transparency. This includes developing reporting systems that allow employees to report unethical behavior without fear of repercussions, allowing external oversight of the organization's activities, and developing a process to report any discrepancies between the organization's statements and the facts.

By implementing these steps, organizations can ensure that their practices are in compliance with ethical standards and protect the rights of their employees and customers.

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You have been provided the following data on the securities of three firms, the market portfolio, and the risk-free asset:
a. Fill in the missing values in the table. (Leave no cells blank - be certain to enter 0 wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Security Expected Return Standard Deviation Correlation* Beta
Firm A .105 .36 .80
Firm B .145 .55 1.35
Firm C .165 .60 .40 The market portfolio .12 .20 The risk-free asset .05 *With the market portfolio.
b-1. According to the CAPM, what is the expected return of Firm A's stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Expected return
b-2. What is your investment recommendation for someone with a well-diversified portfolio?
Sell
Buy
b-3. According to the CAPM, what is the expected return of Firm B's stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Expected return
b-4. What is your investment recommendation for someone with a well-diversified portfolio?
Sell
Buy
b-5. According to the CAPM, what is the expected return of Firm C's stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Expected return
b-6. What is your investment recommendation for someone with a well-diversified portfolio?
Sell
Buy

Answers

Security Expected Return Standard Deviation Correlation* Beta

Firm A 0.105 0.36 0.80 0.64

Firm B 0.145 0.55 1.35 1.08

Firm C 0.165 0.60 0.40 0.24

The market portfolio 0.12 0.20 1.00

The risk-free asset 0.05 0 0

b-1. According to the CAPM, the expected return of Firm A's stock is:

Expected return of Firm A = Risk-free rate + Beta x (Market return - Risk-free rate)

Expected return of Firm A = 0.05 + 0.64 x (0.12 - 0.05)

Expected return of Firm A = 0.1056 or 10.56%

Therefore, according to the CAPM, the expected return of Firm A's stock is 10.56%.

b-2. Based on the information given, we cannot determine whether to buy or sell any of the securities, as we do not know the individual's risk preferences or the rest of their portfolio.

b-3. According to the CAPM, the expected return of Firm B's stock is:

Expected return of Firm B = Risk-free rate + Beta x (Market return - Risk-free rate)

Expected return of Firm B = 0.05 + 1.08 x (0.12 - 0.05)

Expected return of Firm B = 0.1676 or 16.76%

Therefore, according to the CAPM, the expected return of Firm B's stock is 16.76%.

b-4. Based on the information given, we cannot determine whether to buy or sell any of the securities, as we do not know the individual's risk preferences or the rest of their portfolio.

b-5. According to the CAPM, the expected return of Firm C's stock is:

Expected return of Firm C = Risk-free rate + Beta x (Market return - Risk-free rate)

Expected return of Firm C = 0.05 + 0.24 x (0.12 - 0.05)

Expected return of Firm C = 0.0616 or 6.16%

Therefore, according to the CAPM, the expected return of Firm C's stock is 6.16%.

b-6. Based on the information given, we cannot determine whether to buy or sell any of the securities, as we do not know the individual's risk preferences or the rest of their portfolio.

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Which 2 statements are true regarding Classes in QuickBooks Online?
A - Classes affect the source of a transaction
B - You can assign multiple classes to a transaction
C - Classes can be renamed "divisions," "departments," etc., to suit different companies
D -Columns in a Balance Sheet by Class will always balance
E - The unspecified column on a Profit & Loss by Class represents transactions that have not had a class specified

Answers

The 2 true statements regarding Classes in QuickBooks Online are:

B - You can assign multiple classes to a transaction.C - Classes can be renamed "divisions," "departments," etc., to suit different companies.

What is the importance of Classes in QuickBooks Online?

Classes in QuickBooks Online are an important organizational tool that can help businesses track and analyze their financial data more effectively. By assigning transactions to specific classes, such as departments, products, or locations, businesses can easily view and compare financial information across different segments of their organization.

This can help identify areas of strength or weakness, make more informed business decisions, and provide a clearer picture of overall financial performance. Additionally, classes can be customized to suit the specific needs of each business, making it a flexible tool that can be tailored to fit a wide range of industries and organizational structures.

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"1. Under Conversions in the Goals Overview report, what was the conversion rate for the goal "Purchase Completed (Goal 1 Conversion Rate)"?"

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The conversion rate for the goal “Purchase Completed (Goal 1 Conversion Rate)” in the Goals Overview report is the percentage of visitors who completed the purchase action out of the total number of visitors to the website.

By dividing the total number of website visitors who made a purchase action by the total number of website visitors, this rate is determined.

For instance, the conversion rate would be 10% if 10 out of 100 visitors made a purchase. This conversion rate can be used to gauge how well a website's checkout process is working.

If the conversion rate is low, it can be a sign that the purchasing procedure needs to be improved in order to raise the rate.

By using this knowledge, website operators can enhance user experience and make it simpler for customers to complete purchases.

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To keep your start-up costs low, you decide to hire two salespeople on commission. They have a base salary of $30,000
and receive 6% of all sales in commission. If first year sales are $500,000, what is your total cost for the two salespeople?
a) $80,000
b) $90,000
c) $100,000
d) $110,000

Answers

Total cost for the two salespeople would be $90,000 (B)

Salespeople typically interact directly with customers, presenting products or services, negotiating prices, and closing deals. They may also be responsible for building and maintaining relationships with customers and ensuring customer satisfaction. Each salesperson has a base salary of $30,000 and receives 6% commission on all sales. Therefore, the total cost for both salespeople can be calculated as follows:

Total commission = 6% of $500,000 = 0.06 x $500,000 = $30,000

Total cost for both salespeople = (2 x $30,000) + ($30,000 x 2 x 0.06) = $60,000 + $3,600 = $63,600

Therefore, the total cost for the two salespeople is $63,600. None of the answer choices match this value exactly, but the closest option is (b) $90,000, which is the closest estimate.

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x + 1.2x - 4x + x^3 = 0)Linearize the system above about the operating point [1, 2], and then, by hand, determine the characteristic equation for A. By hand, determine the eigenvalues of A. You are certainly allowed to get hints from MATLAB but show your work. Then, use MATLAB to compute the following: (a) The eigenvalues of the system at the point of interest. (b) What does this condition number tell us about the system this matrix represents? (c) The determinant of the A at the point of interest. (d) The determinant of AT at the point of interest. (e) What is the product of the eigenvalues at the point of interest?

Answers

By using MATLAB, we get, the linear equations x' = 0 + 0.4x - 4x + 0, y' = 0 + 0 - 0 + 0, eigen values of A=0, det(A)= -3.6,

The given system can be linearized by computing the partial derivatives of the given equation with respect to each variable at the operating point [1, 2], as follows:

                 ∂x + 1.2x - 4x + x3 / ∂x = 1 + 2.4 - 4 + 3x2 |x = 1 = 0

                 ∂x + 1.2x - 4x + x3 / ∂y = 0 |y = 2 = 0

Hence, the linearized system at the point [1, 2] is given by:

                 x' = 0 + 0.4x - 4x + 0

                 y' = 0 + 0 - 0 + 0

The matrix representation of the linearized system is:

                 A = [0.4 -4; 0 0]

The characteristic equation for A can be obtained by finding the determinant of the matrix A, which is given by:

                 det(A) = 0.4 - 4 = -3.6

The eigenvalues of the matrix A can be determined by finding the roots of the characteristic equation, which is given by:

                 -3.6 = 0

Therefore, the eigenvalues of the matrix A are 0.

Using MATLAB:
(a) The eigenvalues of the system at the point of interest can be computed using MATLAB by using the eig() function.

(b) The condition number tells us about the sensitivity of the system and can be computed using the cond() function.

(c) The determinant of A at the point of interest can be computed using the det() function.

(d) The determinant of AT at the point of interest can be computed using the det() function.

(e) The product of the eigenvalues at the point of interest can be computed using the prod() function.

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uncollectible accounts expense: should not occur if the credit department properly investigates prospective customers who wish to purchase merchandise on credit. is the amount of cash a business must pay each time a credit customer fails to pay his or her account. is the amount a business must pay to a collection agency to recover amounts on overdue accounts receivable. represents the loss in value of accounts receivable that are estimated to be uncollectible.

Answers

Uncollectible accounts expense represents the loss in value of accounts receivable that are estimated to be uncollectible. The last option is correct.

Uncollectible accounts expense is also known as the allowance for doubtful accounts. It's the estimated amount of money a company expects to lose on accounts that are uncollectible. The bad debt expense is another name for uncollectible accounts expense.To avoid uncollectible accounts expenses, the credit department should thoroughly investigate prospective customers who wish to purchase goods on credit. This involves conducting credit checks on customers to determine whether or not they are capable of paying their bills on time.The following are some reasons why uncollectible accounts expense occurs:Customers who do not pay their bills: Sometimes, customers who owe money to the company may not pay their bills for various reasons. It may be due to financial problems or other reasons. If the company cannot collect the funds, it must write off the debt and charge it to the uncollectible accounts expense.The company makes poor credit department decisions: If the company extends credit to customers who do not have a good credit history or are unlikely to pay their bills on time, the probability of uncollectible accounts expense increases. The credit department should conduct thorough background checks on customers to determine if they are creditworthy.The company's policies are inadequate: If the company does not have a strong credit policy in place, it is likely to experience uncollectible accounts expenses. The company's policies should provide guidelines for determining credit limits, payment terms, and other factors that impact the company's financial stability. Last option is the correct option for the given questions.

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Course title:: Strategic Marketing
essay format please
Question:
Topic: The Offering Mix, Strategic Change, Integrated Marketing Strategies.
Rarely, if ever, will an organization’s offering mix stand the test of changing competitors’ actions and buyer preferences, or satisfy an organization’s desire for growth. Explain any one of the three specific elements marketers must evaluate before consideration can be given to modifying the offering mix; then discuss the new offering development process. 25mrk

Answers

One of the three specific elements marketers that must be evaluated before consideration can be given to modifying the offering mix is pricing strategy. The phases in new offering development process are idea generation, screening, business analysis, development, and launch phase.

Organizations must consistently assess their offering mix to remain competitive in their respective industries. Marketers must evaluate their organization's pricing, distribution channels, and product offerings before considering modifying their offering mix. In this case, the focus will be on pricing.

Organizations must continuously evaluate their pricing strategy to maintain their competitive edge. Pricing decisions will directly affect an organization's profitability, which is a key factor in determining an organization's success in the market. Pricing strategy evaluation should focus on costs, consumer demands, and market conditions. If costs increase, an organization may need to increase their prices to remain profitable.

However, if consumer demand is low, organizations may have to consider lowering their prices to remain competitive in the market.

The new offering development process consists of several phases that allow organizations to develop a new product or service that aligns with their offering mix. This process involves five distinct phases.

The first phase is the idea generation phase, which involves identifying new product or service ideas that will meet the organization's offering mix's needs. The second phase is the screening phase, which involves evaluating the new product or service's feasibility. The third phase is the business analysis phase, which involves evaluating the product's profitability. The fourth phase is the development phase, which involves creating and testing the product. The fifth and final phase is the launch phase, which involves launching the product in the market.

In conclusion, organizations must consistently evaluate their offering mix to remain competitive in their respective markets. Pricing strategy is one of the three critical elements that marketers must assess before modifying their offering mix. The new offering development process consists of five distinct phases that allow organizations to develop new products or services that align with their offering mix.

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