Production Cost for additional 10 UnitsAfter the second unit was completed, we know that the production cost involved the following:
The production cost of the second unit can be calculated as follows:Total production cost of the second unit = Direct Material cost + Direct Labor cost + Overhead cost($200,000) + ($19,500) + Overhead cost = $219,500Overhead cost = $250,000 - $219,500 = $30,500Total Production Cost of the additional 10 units can be calculated using the following formula:Total Production Cost = Direct Material Cost + Direct Labor Cost + Overhead CostThe direct material cost and direct labor cost per unit are the same. Let the cost be M and L.
Also, let the total overhead costs for the additional 10 units be O. Since 12 units have been produced in total, 10 units were produced after the second unit. Therefore, we can calculate the total cost as follows:Total Production Cost = (M + L) * 10 + OReplacing M and L in the above formula by the values given, we getTotal Production Cost = ($200,000 + $15 * 1300) * 10 + O= ($200,000 + $19,500) * 10 + O= $219,500 * 10 + O= $2,195,000 + OThe total production cost of the additional 10 units is $2,195,000 + O. This is the final answer.
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What are the advantages of the horizontal integration of Banco
Santander and What negative/positive effects has it had for the
consumer?
Horizontal integration refers to the acquisition of a company that performs the same functions as the acquiring company. The advantages of horizontal integration of Banco Santander include the following:
1. Diversification: By acquiring other financial institutions, Banco Santander has expanded its reach in different parts of the world. This diversification has enabled the company to spread risks and reduce dependence on any single market.
2. Increased market share: By acquiring other banks, Banco Santander has increased its market share, especially in the Latin American market. This increased market share has made the company more competitive and allowed it to take advantage of economies of scale.
3. Improved profitability: The horizontal integration of Banco Santander has allowed the company to reduce costs and increase efficiency by sharing resources and expertise. This has resulted in improved profitability for the company.
The horizontal integration of Banco Santander has had both positive and negative effects on consumers. Positive effects include access to a wider range of financial products and services, increased competition, and improved customer service.
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Discuss Key enabling factors and list down 12 Key success
factors of Dabbawala for Six Sigma implementation.
The Dabbawala, also known as the Tiffin Wallahs of Mumbai, is a team of approximately 5,000 people who provide a unique food delivery service in India.
The Dabbawala organization has achieved legendary status in India due to its remarkable efficiency and accuracy in delivering over 200,000 home-cooked meals to people working in Mumbai every day. This service is considered one of the world's most outstanding supply chain management systems, and it operates without any formal technology or management training.
Key Enabling Factors
There are several key enabling factors that have contributed to the Dabbawala's success and its ability to implement Six Sigma:
1. Culture: The Dabbawalas are an integral part of Mumbai's culture, which provides them with a sense of purpose and motivation.
2. Standardization: The system is based on strict adherence to standardized procedures that are continuously refined and improved.
3. Teamwork: The Dabbawalas work in teams of 20-25 people, each with its leader, which enables effective communication and cooperation.
4. Customer focus: The Dabbawalas are focused on meeting their customers' needs by providing them with fresh, home-cooked meals at the right time and place.
5. Training: The Dabbawalas undergo rigorous training to learn the system, including route planning, time management, and customer service.
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assume that heating oil and natural gas are the two primary sources of heat for most households and that heating oil and natural gas are substitutes for each other. if the supply of natural gas increases due to new discoveries thus lowering the price of natural gas what happens to the market price and quantity of heating oil? price (heating oil) quantity (heating oil) group of answer choices decreases decreases decreases increases increases decreases does not change does not change
If the supply of natural gas increases due to new discoveries that are lowering the price of natural gas: then the price decreases and quantity decreases.
If the supply of natural gas increases due to new discoveries, it leads to a shift in the supply curve to the right. This results in a decrease in the price of natural gas and an increase in the quantity supplied. However, the statement in question is incorrect. When supply increases, assuming other factors remain constant, the price of natural gas decreases while the quantity of natural gas increases.
This is because the market becomes more saturated with natural gas, leading to a surplus. As a result, suppliers may reduce prices to stimulate demand and clear the excess supply. Therefore, the correct statement is that the price decreases and quantity increases when the supply of natural gas increases.
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Which of the following is not a desirable attribute of financial statements
Multiple Choice
completeness
relevance
None of the other alternatives are correct
reliability
subjectivity
Financial statements are a set of financial reports that provide information about a company's financial position, performance, and cash flows to investors and other stakeholders.
The following are desirable characteristics of financial statements:
Completeness - Financial statements should provide all necessary information about the company's financial position, performance, and cash flows.
Reliability - Financial statements should be reliable and verifiable. The information should be free from error, bias, and fraud.
Relevance - Financial statements should be relevant to the users' needs. The information should be material and useful to the stakeholders.
Subjectivity - Financial statements should be objective and free from personal biases.
None of the other alternatives are correct - The financial statements should meet the generally accepted accounting principles (GAAP) standards and any other applicable regulatory guidelines as per the regulatory body of a specific country. The financial statements should be accurate and provide useful information to the stakeholders to make informed decisions.
Therefore, the correct answer to the question is none of the other alternatives are correct.
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has an average contribution More info the Great Big Home + fiew additional information.) * The company attends a variety of craft and other shows throughout the year and sets up a booth at each show to sell its products. Free samples are offered to show attendees, and the Bolton's booth is always packed. Shows that Bolton's attends include the Yankee Peddler Festival in Canal Fulton, Ohio, the Great Big Home + Garden Show at the Cleveland I-X Center, and the Ohio Mart at Stan Hywet in Akron, Ohio. Bolton's also sells its products online via its website. the booth rental fe
Bolton's company attends various craft shows and other events throughout the year. The company sets up a booth at each show to sell its products.
They offer free samples to show attendees and their booth is always packed. They attend shows such as the Yankee Peddler Festival in Canal Fulton, Ohio, the Great Big Home + Garden Show at the Cleveland I-X Center, and the Ohio Mart at Stan Hywet in Akron, Ohio. The company also sells its products online via its website.
The company is very successful and has an average contribution of more than 100 words. The company has been in business for many years and is known for its high-quality products. Bolton's has a reputation for excellence and has built a loyal customer base over the years.
The booth rental fee for each show varies depending on the location and the size of the booth. The company also has to pay for transportation, lodging, and other expenses associated with attending the shows. Despite the cost, attending these events is crucial to the company's success.
In addition to attending craft shows and other events, the company also sells its products online via its website. This allows them to reach a wider audience and generate more sales. The company's website is easy to use and offers a wide selection of products.
In conclusion, Bolton's company is a successful business that attends various craft shows and other events throughout the year. The company offers free samples to show attendees and sells its products online via its website. The company's success is due to its high-quality products, loyal customer base, and commitment to excellence. Despite the cost of attending these events, they are crucial to the company's success.
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Chapter 10 Short Answer Question: In an agreement between a supplier and a customer, the supplier (e.g. Bosch) must ensure that all parts are within tolerance before shipment to the customer. What would be the effect on the cost of quality to the customer (e.g. Ford)? Hint: For the purposes of this question, (1) assume the customer is a manufacturer (e.g. Ford, Boeing, Apple, etc.) and the supplier provides a critical component to their product (e.g. Bosch, a titanium supplier to Boeing, Motorola), (2) discuss the effect on cost in the context of the Cost of Quality Framework discussed in chapter 10 and (3) also discuss the impact on the end customer.
When an agreement between a supplier and a customer is made, the supplier is required to ensure that all parts are within tolerance before shipment to the customer.
The Cost of Quality (CoQ) framework can be used to examine the effect of this agreement on the customer's cost of quality. The CoQ framework, as defined in Chapter 10 of the textbook, includes four categories of quality costs: prevention, appraisal, internal failure, and external failure.
External failure costs arise when non-conforming goods or services are delivered to the customer, resulting in the customer's cost of quality.The cost of quality to the customer will be reduced as a result of the supplier's commitment to ensuring that all parts are within tolerance before shipment to the customer.
Because the supplier is accountable for ensuring that all parts are within tolerance, the number of non-conforming goods or services delivered to the customer is reduced, resulting in a decrease in external failure costs. This, in turn, lowers the customer's cost of quality.
The impact on the end customer is a positive one. The reason is that the customer will be able to produce a better quality product if they receive a quality component.
As a result, the end customer will be pleased with the final product and the supplier will be able to build a long-term partnership with the customer.
Therefore, by using the CoQ framework, it can be concluded that the agreement between a supplier and a customer to ensure that all parts are within tolerance before shipment to the customer has a significant impact on the cost of quality to the customer, as well as the end customer.
The quality of the product produced by the end customer improves when a high-quality component is used in the manufacturing process.
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Which of the following is incorrect?
A. Share buybacks indicate that companies have good investment
opportunities, thus leading to an increase in the share price
B. Companies can buy back a maximum of
Share buyback is a financial strategy used by companies to buy back their own shares in the market, and this can be done for various reasons such as improving the financial ratios of the company, signaling positive market sentiment, or increasing shareholder value.
Companies can buy back shares in open market purchases or in private deals. There is no maximum limit to the number of shares a company can buy back. However, it is limited by the availability of capital, the existing shareholders' willingness to sell, and the approval of the board of directors and regulatory authorities. A company can also choose not to exercise the buyback option if it is deemed unnecessary or unprofitable.
Therefore, the incorrect statement among the given options is option B, which states that companies can buy back a maximum of.
The correct statement is that there is no maximum limit to the number of shares a company can buy back.
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Cobe Company has already manufactured 22.000 units of Product A at a cost of $20 per unit. The 22.000 units can be sold at this stage for $430,000. Alternatively, the units can be further processed at a $200,000 total additional cost and be converted into 5.500 units of Product B and 11,100 units of Product C. Per unit selling price for Product B is $104 and for Product C is $52 1. Prepare an analysis that shows whether the 22.000 units of Product A should be processed further or not?
The analysis shows that whether the 22.000 units of Product A should be processed further or not is not worth it.
The analysis for this decision is as follows:
Product A costs per unit: $20
Selling price for 22,000 units of Product A: $430,000
Cost of 22,000 units of Product A: $20 × 22,000 = $440,000
Net gain or loss from selling 22,000 units of Product A: $430,000 – $440,000 = – $10,000 (Net loss)
Cost per unit for 5,500 units of Product B and 11,100 units of Product C: $200,000 / (5,500 + 11,100) = $10.53
Total revenue for Product B: $104 × 5,500 = $572,000
Total revenue for Product C: $52 × 11,100 = $577,200
Total revenue after processing Product A: $572,000 + $577,200 = $1,149,200
Net gain or loss from processing 22,000 units of Product A: $1,149,200 − ($440,000 + $200,000) = $509,200
As seen above, the difference between the total revenue after processing Product A ($1,149,200) and the cost of producing 22,000 units of Product A plus the processing costs ($440,000 + $200,000 = $640,000) results in a positive net gain ($509,200). However, the negative net gain in selling 22,000 units of Product A ($10,000) is a better option compared to processing them further. Therefore, the company should sell the 22,000 units of Product A rather than processing them further.
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Which of the following is false regarding yield curves and yield spreads?
Group of answer choices
The yield curve is a graphical depiction of the term structure of interest rates.
The yield spread varies with the business cycle in the same direction.
Yield spreads indicate the relationship between bond yields and the particular features on various bonds such as quality, callability, and taxes.
Yield spreads vary inversely with the business cycle is false regarding yield curves and yield spreads. A yield spread is the difference between yields on differing debt instruments, calculated by deducting the yield of one instrument from another.
Yield curves and yield spreads are two of the most commonly used market measures for gauging economic sentiment.The yield curve is a graphical depiction of the term structure of interest rates. The term structure of interest rates refers to the relationship between the yield on a security and its maturity date. It is represented by plotting interest rates at a point in time on the y-axis and time to maturity on the x-axis. Yield spreads indicate the relationship between bond yields and the specific features of different bonds, such as quality, callability, and taxes. However, the statement At the same time, yield spreads tend to widen as investors flee to safer, more secure investments. Hence, the option "Yield spreads vary inversely with the business cycle" is the false statement regarding yield curves and yield spreads.
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The following information is available on January 31, 2021. Unpaid utilities for the month of January are $7,800. Supplies at the end of January total $6,700. Depreciation on the equipment for the month of January is calculated using the straightline method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $11,600. Accrued income taxes at the end of January are $2,700.
1. Record the following:
a. Closing entry for revenue
b . closing entry for expenses
c. Closing entry for dividends
d. Income statement
e. balance sheet
Debit the revenue account for the total amount of revenue earned during the month.Credit the income summary account for the same amount to transfer the revenue to the income summary account.
Closing entry for expenses:Debit the income summary account for the total amount of expenses incurred during the month.Credit the expense accounts for the same amount to transfer the expenses to the income summary account.Closing entry for dividends:Debit the retained earnings account for the total amount of dividends declared.Credit the dividends account for the same amount to reduce the retained earnings.
To record the closing entries for revenue, you need to debit the revenue account and credit the income summary account. This transfers the revenue from the revenue account to the income summary account, which will later be used to calculate the net income or loss.To record the closing entries for expenses, you need to debit the income summary account and credit the expense accounts.
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All else equal, an increase in an option's strike price will cause call premiums to and cause put premiums to decrease; decrease increase ; increase increase; decrease decrease:increase
An option's strike price is a fixed price at which the owner of an option can buy or sell the underlying asset. An option buyer pays an option premium to the option seller in exchange for the right to buy or sell the underlying asset at the strike price until the expiration date of the option.
In options trading, the strike price plays a vital role in determining the price of the options contract. The premium of an option increases or decreases depending on various factors, including the strike price of the option.All else being equal, an increase in an option's strike price will cause call premiums to decrease and put premiums to increase.
Call options give the buyer the right but not the obligation to buy the underlying asset at the strike price on or before the expiration date of the option. In contrast, put options give the buyer the right to sell the underlying asset at the strike price on or before the expiration date of the option.
When the strike price of a call option increases, the option becomes less valuable because the stock must rise more to break even. As a result, the call premium decreases. When the strike price of a put option increases, the option becomes more valuable because the stock must fall more to break even. As a result, the put premium increases. Thus, all else equal, an increase in an option's strike price will cause call premiums to decrease and put premiums to increase.
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A 3-ounce steak satisfies the additional pregnancy requirements for all of these water-soluble vitamins except for: O Vitamin B12O Vitamin B1O Vitamin CO Vitamin B2
A 3-ounce steak satisfies the additional pregnancy requirements for all of these water-soluble vitamins except for Option c) Vitamin C.
During pregnancy, it is important to ensure an adequate intake of essential nutrients to support the growth and development of the baby. Water-soluble vitamins, including B vitamins and vitamin C, play crucial roles in various physiological processes. However, a 3-ounce steak does not satisfy the additional pregnancy requirements for vitamin C.
Vitamin B₁₂, also known as cobalamin, is primarily found in animal-based foods such as meat, fish, and dairy products. A 3-ounce steak can provide a significant amount of vitamin B₁₂, which is essential for nerve function and DNA synthesis.
Vitamin B₁, also known as thiamine, is involved in energy metabolism and the proper functioning of the nervous system. It can be found in a variety of foods, including meat, whole grains, and legumes. While a 3-ounce steak may contribute to the intake of vitamin B₁, it alone may not fulfill all additional pregnancy requirements.
Vitamin B₂, also known as riboflavin, plays a crucial role in energy production and cell growth. It is present in various animal-based foods, including beef. Therefore, a 3-ounce steak can help meet the additional pregnancy requirements for vitamin B₂.
However, vitamin C, also known as ascorbic acid, is a water-soluble vitamin commonly found in fruits and vegetables. It plays a vital role in collagen synthesis, iron absorption, and immune function. While a 3-ounce steak may contain other essential nutrients, it is not a significant source of vitamin C. It is important for pregnant individuals to include vitamin C-rich foods like citrus fruits, strawberries, and bell peppers in their diet to fulfill their additional requirements.
In conclusion, while a 3-ounce steak can satisfy additional pregnancy requirements for vitamins B₁₂, B₁, and B₂, it does not fulfill the requirements for vitamin C. It is essential to incorporate a variety of foods from different food groups to ensure an adequate intake of all essential nutrients during pregnancy.
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Complete Question
A 3-ounce steak satisfies the additional pregnancy requirements for all of these water-soluble vitamins except for:
a) Vitamin B₁₂
b) Vitamin B₁
c) Vitamin C
d) Vitamin B₂
Individual restaurant operators have an advantage over chain operators because_______
Individual restaurant operators have an advantage over chain operators because: their presence as owners on the job can make the difference.
Who is a restaurant operators?Individual restaurant owners have an edge over chain operators because their presence as owners at work can have a big impact.
Owners of restaurants frequently take an active role in the day-to-day management of their businesses. They connect with patrons, keep an eye on the calibre of the food and services, and manage the whole experience while they are on-site. They can establish a personal connection with their personnel and consumers because to their hands-on attitude.
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social security numbers: joe: 123-45-6789 jill: 333-222-111 hunter (son): 555-77-6666 ages: joe: 64 jill: 62 hunter: 11 jill paid $5,000 in childcare expenses for hunter while she worked. salaries: joe: $20,000 jill: $25,000 hunter: $1,500 investment income: interest from mellon bank: $8,000 interest on delaware municipal bonds: $5,000 dividends on microsoft, inc. stock: $4,000 sold 1,000 shares of ibm stock for $8,000 on january 15, 2022. shares were purchased on january 15, 2016, for $3,000.
Social Security numbers (SSNs) are used to identify a person and establish if they are eligible for Social Security benefits.
Before preparing and submitting Forms W-2, employers can use the Social Security Number Verification Service (SSNVS) to compare the names and Social Security numbers (SSNs) on their record of employees with Social Security records.
As the SSN is not directly tied to an applicant's qualifications for a job, businesses should generally refrain from requesting it on an employment application. However, it is permissible for an employer to request an SSN, and if they accept an offer, they will eventually want it to confirm the applicant's identification and work authorization as well as maybe conduct a background check.
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Determine the ending Capital balance of a business having: Beginning Capital of $40,000 No investments or withdrawals Inventory of $10,000 Cost of Goods Sold of $90,000 Prepaid Insurance of $12,000 Operating expenses of $72,000 Net sales $180,000
The ending capital balance of a business is determined by subtracting the sum of the business's expenses and cost of goods sold from the net sales and adding the difference to the beginning capital balance.
The formula for calculating the ending capital balance of a business is given below:
Ending Capital Balance = Beginning Capital Balance + Net Sales – Cost of Goods Sold – ExpensesThe beginning capital of the business is given as $40,000. The inventory is $10,000, and the cost of goods sold is $90,000.
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1.Archer Daniels Midland Company is considering buying a new farm that it plans to operate for 10 years. The farm will require an initial investment of $11.80 million. This investment will consist of $2.10 million for land and $9.70 million for trucks and other equipment. The land, all trucks, and all other equipment is expected to be sold at the end of 10 years at a price of $5.20 million, $2.23 million above book value. The farm is expected to produce revenue of $2.09 million each year, and annual cash flow from operations equals $1.98 million. The marginal tax rate is 35 percent, and the appropriate discount rate is 9 percent. Calculate the NPV of this investment.
The answer is , the NPV of this investment is $4.25 million.
What does it entail?We can use the below formula to calculate the Net Present Value (NPV).
[tex]NPV = ∑(Cash Flow / (1 + r)^t ) - Initial Investment[/tex]
Here, Cash Flow = Annual Cash Flow (ACF) x (1 - Marginal Tax Rate (t)).
Cash Flow = ACF x (1 - t)
Cash Flow = $1.98 million x (1 - 35%)
Cash Flow = $1.29 million
The initial investment was $11.80 million.
This investment will consist of $2.10 million for land and $9.70 million for trucks and other equipment.
Initial Investment = $11.80 million
Now, calculate the Sale value of the asset after 10 years.
Sale Value = $5.20 million
The sale value is higher than the book value. The gain will be:
Gain = Sale Value - Book Value
Gain = $2.23 million
The book value of the asset after 10 years will be:
Book Value = Sale Value - Gain
Book Value = $5.20 million - $2.23 million
Book Value = $2.97 million
Cash Flows are constant and occur at the end of each year.
Hence we can use the perpetuity formula for calculating the present value of the cash flows.
PV = Cash Flow / Discount Rate
PV = $1.29 million / 9%PV = $14.33 million
Now, calculate the NPV of the investment:
[tex]NPV = ∑(Cash Flow / (1 + r)^t ) - Initial Investment[/tex]
[tex]NPV = PV + (Sale Value - Book Value) / (1 + r)^n - Initial Investment[/tex]
NPV = $14.33 million + ($5.20 million - $2.97 million) / (1 + 9%)^10 - $11.80 million
NPV = $14.33 million + $1.72 million - $11.80 million
NPV = $4.25 million.
Hence, the NPV of this investment is $4.25 million.
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Unlike remedies under the common law, remedies under the UCC are ______.
Unlike remedies under the common law, remedies under the UCC are more flexible and provide a broader range of options for resolving disputes.
The UCC (Uniform Commercial Code) is a set of standardized laws that govern commercial transactions in the United States. It provides a comprehensive framework for the sale of goods, including rules and provisions for contracts, warranties, and remedies in case of breach or non-performance. Compared to remedies under the common law, which is based on traditional legal principles, remedies under the UCC are designed to be more flexible and adaptable to the commercial context. The UCC recognizes the unique nature of commercial transactions and aims to provide practical solutions that promote fairness and efficiency. One key aspect of UCC remedies is the concept of specific performance. Unlike the common law, which primarily relies on monetary damages as a remedy, the UCC allows for specific performance, which means the court can require a party to fulfill their contractual obligations as agreed.
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Question 1 (20 marks)
You are working as a junior management accountant at James and Co. which operates five different departmental stores selling different goods. A couple of years ago, the management implemented remodelling of its stores to attract more clients. The senior management accountant, Howard, was asked to oversee the remodelling. James offered Howard a bonus based on sales growth and profitability. While completing inventory take Howard discovered that $50,000 worth of inventory was outdated. Howard asked you to ignore the reporting of this inventory as obsolete because reporting will have an impact on financial results and his bonus. Howard offered a small percentage of his bonus as a reward.
Required:
State and justify the fundamental principles, as provided by the Chartered Institute of Management Accountants (CIMA) Code of Ethics1, which are being jeopardized if you accept the offer from senior management accountant. Also, as a junior management accountant, discuss the possible ethical actions that you could take to address this issue.
The offer made by the senior management accountant Howard to the junior management accountant.
To ignore the reporting of outdated inventory is a violation of the ethical code of conduct established by the Chartered Institute of Management Accountants (CIMA).CIMA Code of Ethics principles that have been jeopardized are the following:
1. Integrity: This principle mandates that management accountants must be honest and fair in their professional and business relationships. Management accountants must not be influenced by personal or financial gain in their decision-making process. The offer of a small percentage of Howard's bonus to ignore the reporting of obsolete inventory is a clear violation of this principle.
2. Professional competence: The management accountants must maintain their professional competence and continue to develop it throughout their career. The junior management accountant must report the outdated inventory as it is material to the financial statements.
3. Confidentiality: This principle states that management accountants must maintain the confidentiality of sensitive information obtained during the course of their professional work. It is the responsibility of the junior management accountant to report the outdated inventory to the senior management team and not to accept any rewards that compromise their integrity and professionalism.
Seek guidance from the CIMA ethical committee or consult the organizational ethical guidelines if there is any ambiguity.
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HUMAN RESOURCES MANAGEMENT
The objectives of a compensation system introduce our studies in this chapter on compensation management. A compensation system is derived once organisational objectives have been decided and translated into a compensation strategy. Design a compensation strategy for the Fossil Group (25 Marks)
Compensation Strategy for Fossil GroupFossil Group should create a compensation strategy that enables the business to accomplish its mission and objectives while also aligning employee interests with those of the company. A well-designed compensation system should assist in attracting and retaining skilled employees while also motivating and incentivizing them to work hard.
Here are the steps for creating a compensation strategy for the Fossil Group:Define Goals and Objectives: The first step is to establish compensation goals and objectives that align with the company's strategic objectives.
The organization should consider what it wants to achieve, such as attracting top talent, retaining employees, or incentivizing high performance.Assess Market Data:
Fossil Group should examine its industry and labour market to determine what types of compensation are appropriate and competitive for each job level. It's also crucial to evaluate any trends in compensation and benefits to keep up with the market conditions.
Develop Compensation Structure:
Fossil Group should develop a pay structure for all jobs that reflects the market data and the company's compensation goals. The pay structure should include pay ranges for each job level, as well as guidelines for how employees can move through the pay scale.Evaluate Benefits: Fossil Group should evaluate the benefits offered to employees, including insurance, retirement plans, vacation time, and sick leave.
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The future worth of
$1,000
deposited at time 0 at an interest rate of
5.5%
compounded quarterly for 5 years is: (a)
S761
(b)
S765
(c)
S1,307
(d) (e)
$1,314
$2,703
(f)
$29,178
(g)
$53,358
(h) None of the above; Answer:
S
The correct option is d) $1,314. The future worth of $1,000 deposited at an interest rate of 5.5% compounded quarterly for 5 years is $1,314.
To calculate the future worth of $1,000 deposited at an interest rate of 5.5% compounded quarterly for 5 years, we can use the formula for compound interest:
Future Worth = Principal * (1 + (Interest Rate / Number of Compounding Periods))^(Number of Compounding Periods * Number of Years)
In this case, the principal is $1,000, the interest rate is 5.5% (or 0.055), the compounding is done quarterly (so there are 4 compounding periods per year), and the number of years is 5.
Plugging in these values into the formula, we get:
Future Worth = $1,000 * (1 + (0.055 / 4))^(4 * 5)
Calculating this expression, we find:
Future Worth = $1,000 * (1 + 0.01375)^(20)
Future Worth = $1,000 * (1.01375)^(20)
Future Worth =$1,000 * 1.314
Future Worth = $1,314
Therefore, the future worth of $1,000 deposited at an interest rate of 5.5% compounded quarterly for 5 years is approximately $1,314.
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Northwest Territories Bikini Company has cash flows from operations of $150 million anlu needs $125 million for investment purposes. Assume the firm has 15 million shares outstanding and its shares are presently trading at $15 per share. (Hard, 30 marks) a) If the M&M conditions hold, how many new shares must be issued if the firm plans to pay a $3 per share dividend? (15 marks, 25mins) b) If the M&M conditions hold, what is the value of the firm after paying a $3 per share dividend? ( 5 marks, 5 mins) c) If the M&M conditions hold, what is the price per share after paying a $3 per share dividend? (10 marks, 20mins)
If the M&M (Modigliani-Miller) conditions hold, the number of new shares that must be issued to pay a $3 per share dividend can be calculated as follows.
($125 million investment - $150 million cash flows from operations) / $3 dividend per share. After paying a $3 per share dividend, the value of the firm, under the M&M conditions, remains unchanged. The dividend payment is financed by issuing new shares, so the total value of the firm remains the same. The price per share, after paying a $3 dividend, can be calculated by dividing the total value of the firm by the total number of shares outstanding, including the new shares issued to pay the dividend. The price per share is expected to decrease due to the issuance of new shares.
To determine the number of new shares that must be issued, we subtract the cash flows from operations ($150 million) from the investment requirement ($125 million) and divide the result by the dividend per share ($3). This gives us the number of new shares required to generate the necessary funds for the dividend. According to M&M conditions, the payment of a dividend does not affect the value of the firm. The dividend is funded through the issuance of new shares, so the firm's total value remains unchanged. The price per share after paying the dividend is calculated by dividing the total value of the firm (which remains the same) by the total number of shares outstanding, including the new shares issued for the dividend. As new shares are issued, the number of shares increases, causing the price per share to decrease.
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Documentation procedures do not include which of the following? all controls written down and kept updated pre-numbered documents alarms set at the close of the business day source documents sent promptly to the accounting department
Documentation procedures do not include all controls written down and kept updated. What is documentation procedure? Documentation procedure is the method of documenting important accounting-related information by recording it in various relevant records and books.
Such documentation is essential in creating an audit trail to ensure that transactions are recorded and maintained correctly for verification and validation purposes. Documentation procedures do not include all controls written down and kept updated. Instead, they require policies and procedures to be well-documented and to remain current through regular updates to ensure the highest level of accuracy. However, the documentation procedures include the following: Pre-numbered documents, Alarms set at the close of the business day and Source documents sent promptly to the accounting department.
These practices and standards help maintain control over financial transactions and prevent errors and fraud. When accounting records are maintained accurately and completely, it helps organizations ensure that their financial statements reflect a true and fair view of their financial position. Documentation procedures are essential for maintaining an organized record-keeping system. It ensures that businesses have a complete audit trail for all transactions and can demonstrate their compliance with relevant regulations and accounting standards.
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On August 1, 2022, The Chateau at Mill Lake, Inc., purchased inventory costing $58,000 by signing a 6%, six-month, short-term note payable. The company will pay the entire note (principal and interest) on the note's maturity date. Read the requirements. Requirement 1. Journalize the company's purchase of inventory. (Record debits first, then credits. Exclude explanations from journal entries.) Requirements 1. Journalize the company's purchase of inventory. 2. Make the adjusting entry for accrual of interest on the note payable on December 31 , 2022. 3. At December 31, 2022, what is reported on the balance sheet related to this note payable? 4. Record the payment of the note payable (principal and interest) on its maturity date.
Requirement 1: Journalize the company's purchase of inventory. Date Account Title and Description Debit CreditAugust 1 Inventory 58,000Note Payable 58,000 Requirement.
Make the adjusting entry for accrual of interest on the note payable on December 31, 2022.On December 31, interest must be accrued for five months (August 1 to December 31). The calculation of interest is:
Principal amount x annual interest rate
time = Interest58,000 x 6% x 5/12 = 1,450Date Account Title and Description Debit
Credit December 31 Interest Expense 1,450 Interest Payable 1,450
Requirement 3: At December 31, 2022, what is reported on the balance sheet related to this note payable?The note payable's balance will be the principal amount, $58,000, since no payment have been made yet. The interest accrued as of December 31, 2022, $1,450, will be shown as interest payable.
Date Account Title and Description Debit Credit December 31 Note Payable 58,000Interest Payable 1,450Requirement Record the payment of the note payable (principal and interest) on its maturity date. On February 1, 2023, the company will pay the note's entire amount (principal plus interest).Interest can be computed by the following formula:
Principal amount x annual interest rate x time = Interest
58,000 x 6% x 6/12 = 1,740Date Account Title and Description Debit
Credit February 1 Note Payable 58,000Interest Payable 1,450
Cash 59,450Interest Expense 1,740
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for
2020, calculate the cash flow from the assets
cash flow to creditors
cash flow to shareholders
Use the following information for Wal-mart inc., (assume the tax rate is \( 34 \% \) ) For 2020 , calculate the cash flow from assets, cash flow to creditors, and cash flow to shareholders
Tax rate=34%Wal-mart Inc.Calculation of Cash Flow from Assets (CFFA):The cash flow from assets (CFFA) is a calculation that reflects the net cash inflow or outflow from the purchase and sale of a business's fixed and current assets.Cash Flow to Shareholders = Dividends Paid - Net New Equity Raised= $6.414 billion - $0.405 billion= $6.009 billion.
The cash flow from assets formula is:CFFA = Operating Cash Flow - Net Capital Spending - Change in Working CapitalOperating cash flow for Wal-Mart can be calculated by subtracting the operating expenses and taxes from the sales revenue.Operating Cash Flow = Sales Revenue - Operating Expenses - Taxes= 524.009 - 491.244 - 12.761= $19.004 billionNet Capital Spending:It is the amount spent on capital assets minus the amount received from the sale of capital assets.Net Capital Spending = Capital Expenditure - Depreciation= 10.308 - 8.936= $1.372 billionChange in Working Capital:The amount of change in the working capital is calculated by deducting the current working capital from the previous working capital.
Change in Working Capital = Current Working Capital - Previous Working Capital= 4.511 - 4.689= -$0.178 billion.
Cash flow from assets:CFFA = Operating Cash Flow - Net Capital Spending - Change in Working Capital= $19.004 billion - $1.372 billion - (-$0.178 billion)= $20.554 billion.
Calculation of Cash Flow to Creditors:Cash flow to creditors shows the net amount of money outflow from the company to pay the interest and principal to creditors and debtholders.Cash Flow to Creditors = Interest Paid - Net New Borrowing.Interest Paid:It is the amount that the company paid as interest on its outstanding debt.Interest Paid = Operating Income × (1 - Tax Rate) × Interest Expense Ratio= 25.756 × (1 - 0.34) × 100%= $16.991 million .
Net New Borrowing:It is the amount of money borrowed by the company less the amount repaid by the company.
Net New Borrowing = New Long Term Debt Issued - Long Term Debt Repaid= $3.578 billion - $3.119 billion= $0.459 billion
Cash Flow to Creditors:Cash Flow to Creditors = Interest Paid - Net New Borrowing= $16.991 million - $0.459 billion= -$0.442 billion.
Calculation of Cash Flow to Shareholders:Cash flow to shareholders represents the net amount of money outflow from the company to pay dividends to shareholders.Cash Flow to Shareholders = Dividends Paid - Net New Equity Raised.
Dividends Paid:It is the total amount of dividends paid by the company to its shareholders during the period.Dividends Paid = Dividend per Share × Number of Shares Outstanding= $2.16 × 2.967 billion= $6.414 billion
Net New Equity Raised:It is the amount of money raised by the company through the issuance of new equity less the amount used for share buybacks.
Net New Equity Raised = Common Stock Issued - Common Stock Repurchased= $0.481 billion - $0.076 billion= $0.405 billion.
Cash Flow to Shareholders:Cash Flow to Shareholders = Dividends Paid - Net New Equity Raised= $6.414 billion - $0.405 billion= $6.009 billion.
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With interest rates near an all-time low, a family decides to purchase their dream home. The house will cost $350,000. The family will pay 20% as a down payment, and finance the remaining balance with a 15 -year fixed rate mortgage. The mortgage will call for monthly payments at a 4.20% APR. What is the monthly payment on the loan? (round to nearest dollar)
The monthly payment on the loan is $2,098 (rounded to the nearest dollar).
Given that a family decides to purchase their dream home which will cost $350,000. The family will pay 20% as a down payment, and finance the remaining balance with a 15 -year fixed rate mortgage. The mortgage will call for monthly payments at a 4.20% APR. We are supposed to calculate the monthly payment on the loan.
Now, we know that:
Loan Amount = Cost of the House – Down payment
= $350,000 – (20/100)*$350,000
= $350,000 – $70,000
= $280,000
The monthly payments can be calculated using the formula:
Monthly Payment = (Loan Amount * r) / (1 – (1 + r)^(-n))
Where
Loan amount is $280,000
r = monthly interest rate = 4.20%/12
n = total number of months in the loan period = 15 years * 12 months/year= 180 months
Monthly Payment = (Loan Amount * r) / (1 – (1 + r)^(-n))
= ($280,000 * (4.20%/12)) / (1 – (1 + (4.20%/12))^(-180))
= $2,098
Given, the house will cost $350,000. The family will pay 20% as a down payment and finance the remaining balance with a 15-year fixed rate mortgage. The mortgage will call for monthly payments at a 4.20% APR.
The cost of the house is $350,000.
Down payment is 20% of the cost of the house i.e,
Down payment = (20/100) × $350,000= $70,000.
The loan amount, L = Cost of the House - Down payment
= $350,000 - $70,000
= $280,000.
Rate of interest, r = 4.20% per annum, compounded monthly.
The time period, t = 15 years.
Therefore, time period in months, n = 15 × 12 = 180 months.
Monthly payment can be calculated as,
Monthly Payment = (Loan Amount * r) / (1 – (1 + r)^(-n))
= ($280,000 * (4.20%/12)) / (1 – (1 + (4.20%/12))^(-180))
= $2,098 (rounded to the nearest dollar).
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Suppose that this year's money supply is $400 billion, nominal GDP is $12 trillion, and real GDP is $4 trillion. The price level is , and the velocity of money is Suppose that velocity is constant and the economy's output of goods and services rises by 5 percent each year. Use this informe questions that follow. If the Fed keeps the money supply constant, the price level will , and nominal GDP will True or False: If the Fed wants to keep the price level stable instead, it should increase the money supply by 5% next year. True False If the Fed wants an inflation rate of 8 percent instead, it should the money supply by (Hint: The quantity equation can be rewritten as the following percentage change formula: (Percentage Change in M)+( Percentage Change in V)=( Percentage Change in P)+( Percentage Change in Y).)
Summary: If the Fed keeps the money supply constant, the price level will decrease, and nominal GDP will remain unchanged.
Based on the given information, we have the following data:
Money supply (M) = $400 billion
Nominal GDP (Y) = $12 trillion
Real GDP (Y) = $4 trillion
Price level (P) = ?
Velocity of money (V) = ?
To find the price level, we can use the quantity equation: M * V = P * Y
Given that velocity (V) is constant and the economy's output (Y) rises by 5 percent each year, we can assume that the percentage change in Y is 5%. We can rewrite the quantity equation in terms of percentage changes:
(Percentage Change in M) + (Percentage Change in V) = (Percentage Change in P) + (Percentage Change in Y)
Since the velocity is assumed to be constant, the percentage change in V is 0. Therefore, the equation becomes:
(Percentage Change in M) = (Percentage Change in P) + 5%
Now let's analyze the questions:
1. If the Fed keeps the money supply constant, the price level will _____, and nominal GDP will _____.
The Fed keeping the money supply constant means that the percentage change in M is 0%. According to the equation above, this would result in the percentage change in P being -5% (negative 5%) to offset the 5% increase in Y. Therefore, the price level will decrease, and nominal GDP will remain unchanged.
2. True or False: If the Fed wants to keep the price level stable instead, it should increase the money supply by 5% next year.
False. If the Fed wants to keep the price level stable, it needs to offset the 5% increase in Y. As shown in the equation, the percentage change in M would need to be -5% (negative 5%) to counterbalance the increase in Y.
3. If the Fed wants an inflation rate of 8 percent instead, it should _____ the money supply by _____.
To achieve an inflation rate of 8%, the Fed needs to increase the price level accordingly. Assuming the velocity remains constant, the equation tells us that the percentage change in M should be 3% (8% - 5%) to achieve the desired inflation rate.
In summary:
1. If the Fed keeps the money supply constant, the price level will decrease, and nominal GDP will remain unchanged.
2. False. To keep the price level stable, the Fed needs to decrease the money supply by 5%.
3. The Fed should increase the money supply by 3% to achieve an inflation rate of 8%.
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The makers of action-capture cameras have a strong incentive to sell their camera models to camera retailers in Europe-Africa at higher average wholesale prices than the average wholesale prices charged to camera retailers in the North America region
a) they incur higher marketing costs in selling action cameras to camera retailers in Europe-Africa than they do in marketing action cameras to retailers in North America.
b) the corporate profits taxes that the industry's camera-makers have to pay to governments in the Europe-Africa region are 25% higher on average than the corporate profits taxes that they have to pay governments in North America.
c) whenever they incur import duties that are significantly higher per action camera sold/shipped to camera retailers in Europe-Africa than they pay on each action camera sold/shipped to camera retailers in North America.
d) the costs of shipping AC cameras from Taiwan to camera retailers in Europe-Africa are $3 higher than the costs of shipping AC cameras from Taiwan to North America.
e) the costs of materials and components costs that camera-makers incur in producing action cameras sold to camera retailers in Europe-Africa are on average about $8 per camera higher than the cost of materials and components incurred in producing action cameras sold to camera retailers in North America.
The correct answer is a) they incur higher marketing costs in selling action cameras to camera retailers in Europe-Africa than they do in marketing action cameras to retailers in North America.
The reason behind the makers of action-capture cameras having a strong incentive to sell their camera models to camera retailers in Europe-Africa at higher average wholesale prices than the average wholesale prices charged to camera retailers in the North America region is because they incur higher marketing costs in selling action cameras to camera retailers in Europe-Africa than they do in marketing action cameras to retailers in North America.
The marketing cost in Europe-Africa is higher because the region is larger than North America. Therefore, they have to spend more to market their cameras there.
Additionally, marketing the cameras in a region where they are not well-known means that they would have to do more to convince the retailers to stock their products.
Thus, in order to cover their higher marketing costs in the region, they sell the cameras at higher prices to retailers in Europe-Africa than they do to retailers in North America. This helps them to ensure that they are making a profit from their sales in both regions.
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Describe how you would use them to plan for innovation.
With considering the Covid-19 crisis, there has been so many fast changing forms of innovation that companies have had to adapt to, to maintain their company. If I had a company during the Covid crisis, I would hope that I was able to adjust my company and employees quickly to maintain success. When thinking of innovation during the beginning of Covid, I can't help to think of Zoom.
Explain how they could become game-changers.
Zoom was a game-changer for sure! When companies had to continue with meetings and group communication, Zoom was there to make that continue to happen in an innovative way. So many individuals had to adjust to technology. Kids had to adjust to seeing their classmates through a computer screen and people with minimal experience with technology had to learn the tech world almost over night.
Provide a visionary scenario for how these ideas can change people's lives.
For instance, Zoom changed people's lives quite quickly. People who weren't tech savvy, had to quickly learn how to do daily work tasks all from home. Another example, were kids around the world had to take their school world home. Instead of having a class setting, they had to adjust to learning at their home through a screen.
Post a quality response and post additional thoughts and/or questions
Innovation plays a crucial role in the success of a company. With the Covid-19 crisis, companies were forced to innovate quickly to maintain their businesses. The pandemic has caused several innovative solutions to come forward, and companies had to take advantage of these solutions to remain competitive.To plan for innovation, companies should identify the needs of their customers and find creative solutions to meet those needs.
The process of innovation should be continuous and not just a one-time effort. The following steps can help companies plan for innovation:Identify customer needs and problems that need solving.Brainstorm solutions with employees or stakeholders.Select the most viable solutions and develop prototypes.Test the prototypes with customers.Refine the solutions based on customer feedback.Implement the solution and continuously evaluate and improve it.Innovative solutions like Zoom can become game-changers by solving problems that people face.
For instance, Zoom made it possible for people to work and communicate from home during the pandemic. Without Zoom, many businesses would have struggled to continue their operations. Game-changing innovations like Zoom change people's lives by making their lives more convenient, efficient, and enjoyable.In conclusion, planning for innovation is an essential part of the success of any company. To plan for innovation, companies should identify customer needs and problems, brainstorm solutions, select the most viable solutions, develop prototypes, test the prototypes, refine the solutions, and implement and continuously improve the solution. Innovative solutions like Zoom can become game-changers by solving problems that people face, changing their lives, and improving their well-being.
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Please complete all of the following and submit a 3-page professional word document: Each answer must be explained thoroughly
Provide the name of your company, your product/service offering, and any additional relevant information about your startup.
Discuss your product, manufacturing, and distribution strategies.
Discuss your market potential, including market segments, and any demand planning techniques you utilize to achieve your business objectives.
Discuss your supplier strategy, including supplier acquisition, development, and management processes.
Discuss your inventory management strategy, including any inventory control and deployment polices.
Discuss your distribution and logistics strategies, including specific DC/warehouse and transportation policies.
Discuss your strategy relating to launching and scaling the startup.
Introduction: Productive Minds is a startup that focuses on providing training services to individuals and organizations in various industries. The company has a team of highly qualified and experienced trainers who deliver courses on personal development, management skills, communication, and leadership.
Discussing Supplier Strategy: Productive Minds does not have any suppliers, as the product is intangible and does not require any raw material or equipment. The trainers are the service providers, and the company follows a rigorous process for their acquisition, development, and management. The company recruits trainers who have relevant experience and expertise, and then provides them with training on the company's course development and delivery process. The trainers are continuously evaluated based on their performance and feedback from the learners.
Discussing Inventory Management Strategy: The company does not have any physical inventory, as the product is intangible. However, the company has an inventory of course content, which is managed through its platform. The course content is updated regularly, and the platform ensures that the learners have access to the latest version of the content. The company has an inventory control policy that ensures the security and confidentiality of the course content.
Discussing Strategy Relating to Launching and Scaling the Startup: The company's strategy for launching and scaling the startup is to focus on building a strong brand image and reputation. The company aims to provide high-quality training services and develop a loyal customer base. The company plans to expand its operations by establishing more training centers in various cities and countries. The company also plans to diversify its product portfolio by introducing new courses and training programs to cater to the evolving market needs.
Conclusion: Productive Minds is a startup that provides training services to individuals and organizations in various industries. The company has developed a standardized approach to develop its course content and has a team of highly qualified and experienced trainers. The company's focus on building a strong brand image, diversifying its product portfolio, and expanding its operations will enable it to achieve its business objectives.
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The minimum wage debate
: Explain why this issue has interest and concern to stakeholders and the community at-large. Why do decisions made in organizations about this topic have implications for society as a whole? What responsibility does the organization have to the community as a whole? How can/should the organization best engage stakeholders in ethical discussions about the challenges of your identified issue? What responsibilities does the public have regarding the issue?
The debate around minimum wage is of interest and concern to various stakeholders and the community at-large due to several reasons. One of the reasons is that it affects the standard of living of workers who earn a minimum wage. As such, it has a direct impact on the purchasing power of these workers, their ability to access essential services and maintain their health, and well-being.
The public has a responsibility to remain informed and engaged in the minimum wage debate. This involves understanding the different perspectives and interests of stakeholders, and evaluating the impact of different policy options on the community.
It also involves actively participating in public discussions, providing feedback to policymakers, and holding organizations accountable for their decisions. Ultimately, the minimum wage debate requires a collective effort from all stakeholders, including organizations, policymakers, workers, and the community, to achieve a socially responsible and equitable outcome.
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