The statement, “companies should invest time and effort into CRM programs for every customer” is FALSE.
Customer Relationship Management (CRM) program is a business strategy intended to strengthen customer relations and loyalty. CRM programs allow companies to focus on customers' needs and preferences, resulting in improved customer loyalty and increased profits.However, it is not feasible for companies to invest time and effort into CRM programs for every customer.
Because of the amount of resources required to maintain long-term relationships with every customer, businesses must prioritize CRM efforts with the most important customers.Companies can use their CRM programs to:Personalize customer interactionsGather data and feedback to improve products and servicesMeasure customer satisfactionCreate more effective marketing campaignsIncrease sales opportunitiesReduce churn rates, and more.In conclusion, while CRM programs are beneficial for companies, it is impractical to invest time and effort into every customer. Businesses must prioritize their CRM efforts based on customer value and other factors.
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the+mean+of+a+normal+probability+distribution+is+500;+the+standard+deviation+is+10.+a.+about+68%+of+the+observations+lie+between+what+two+values?
A normal distribution is a probability distribution where the mean, median, and mode are equal. The standard deviation indicates the variability of a distribution. About 68% of the observations lie between 490 and 510.
It is the square root of the variance of a probability distribution. The standard deviation of the normal distribution is a measure of how far the data values are from the mean. It is also a measure of the degree of dispersion or variation of a probability distribution.
Based on the empirical rule, the following is true: Approximately 68% of data values lie within one standard deviation of the mean. Using the empirical rule, we can find the two values that bound 68% of the observations from the mean. To accomplish this, we'll start by adding and subtracting one standard deviation from the mean.μ ± σ = 500 ± 10= 490, 510.The values 490 and 510 are the two values that bound 68% of the observations from the mean. About 68% of the observations lie between 490 and 510.
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Among mutually exclusive investments, the one with the highest
internal rate of return also has the highest net preset value.
Group of answer choices
True
False
False. The internal rate of return (IRR) and net present value (NPV) are two different evaluation metrics for investment projects, and they can sometimes provide conflicting rankings for mutually exclusive investments.
The internal rate of return (IRR) is the discount rate at which the present value of cash inflows equals the present value of cash outflows. It represents the rate of return that an investment is expected to generate. The higher the IRR, the more desirable the investment is considered.
On the other hand, the net present value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows. It measures the profitability of an investment by considering the time value of money. A positive NPV indicates that the investment is expected to generate more cash inflows than outflows, making it favorable.
While it is generally true that higher IRR values are associated with higher NPV values, there can be cases where the investment with the highest IRR does not necessarily have the highest NPV. This can occur when the cash flows of different investment projects have different timing and magnitudes. In such cases, the investment with a lower IRR but higher cash flows may have a higher NPV. Therefore, it is important to consider both IRR and NPV when evaluating mutually exclusive investments.
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University of Massachusetts Boston Microeconomic Theory Problem Set #12 Due May 5, 2022 - . 1. Market demand for a commodity is QD = 12 - P and the short-run cost function for the firm is STC(Q) = Q2 + 1 MC = 20 If the firm behaved as a perfectly competitive firm, determine the equilibrium price and quantity. If instead the firm behaved as a monopoly, what are the equilibrium price and quantity? Determine the change in consumer surplus and the change in producer surplus. . .
There is a deadweight loss of $4 due to the monopoly pricing behavior.
For a perfectly competitive firm, the equilibrium price and quantity are determined by setting the market demand equal to the market supply, which is equal to the marginal cost of production for all firms in the industry.
Market demand: QD = 12 - P
Marginal cost (MC) = $20
To find the equilibrium quantity, we set QD equal to the market supply:
QD = QS
12 - P = 20
P = $8
Substituting this value of P into the demand function gives us the equilibrium quantity:
QD = 12 - P
QD = 12 - 8
QD = 4
Therefore, the equilibrium price and quantity for a perfectly competitive firm are $8 and 4 units, respectively.
For a monopoly, the firm will produce at the level where marginal revenue equals marginal cost, and then charge the highest price that the market will bear. The marginal revenue (MR) curve for a monopolist is below the demand curve since the monopolist must lower its price to sell additional units of output.
Market demand: QD = 12 - P
Marginal cost (MC) = $20
The total revenue function for the monopolist is:
TR(Q) = P x Q
= (12 - Q)Q
= 12Q - Q2
The marginal revenue function is:
MR(Q) = dTR/dQ
= 12 - 2Q
To maximize profit, the monopolist sets MR equal to MC:
MR(Q) = MC
12 - 2Q = 20
Q = 4
Substituting this value of Q into the demand function gives us the monopoly price:
QD = 12 - P
4 = 12 - P
P = $8
Therefore, the equilibrium quantity for a monopoly is 4 units, and the equilibrium price is $8.
The change in consumer surplus is the difference between the original and new consumer surplus. For a perfectly competitive market, consumer surplus is the area below the demand curve and above the equilibrium price, while for a monopoly, it is the area below the demand curve and above the monopoly price.
Consumer surplus with perfect competition:
CS = 1/2 x (12 - 8) x 4
= $8
Consumer surplus with monopoly:
CS = 1/2 x (12 - 8) x 4 - 1/2 x (8 - 4) x 4
= $4
Therefore, the change in consumer surplus is -$4.
The change in producer surplus is the difference between the original and new producer surplus. For a perfectly competitive market, producer surplus is the area below the equilibrium price and above the short-run supply curve, while for a monopoly, it is the area below the monopoly price and above the marginal cost curve.
In this case, the short-run supply curve for the firm is its marginal cost curve:
STC(Q) = Q2 + 1
MC = dSTC/dQ = 2Q
Producer surplus with perfect competition:
PS = 1/2 x (8 - 0) x 4
= $16
Producer surplus with monopoly:
PS = (8 - 20) x 4/2
= -$24
Therefore, the change in producer surplus is -$40.
Overall, there is a deadweight loss of $4 due to the monopoly pricing behavior.
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Solve the following MIS problems with short briel answers. Type Solution HERE No MIS Problem 1 You are advising the owner of ABC Computers, a small local computer shop that repairs and also builds custom computers to order. What competitive strategies could ABC Computers employ? Which ones may it have difficulty executing? 2 You are starting a small bike messenger coupany. Give your type of services (land-delivering packages within a small geographical aren), could your firm be a digital finn? If so, what would make this a digital firm? 3 3 A colleague at work takes stall amounts of office supplies for her own personalme, saying that this is a tiny loss to the company. Do you agree with what she is doing? Wlay or why not? + Knowing how low-quality data issues typically occur can help a company correct them. Addressing these errors . will significantly improve the quality of company data and the value to be extracted from it. explain two reasons that cause low quality data. 5 You have been hired by a non-profit organization to implement a system to handle donations. The system must be able to handle and record telephone, text, and Internet donations, provide up-to-the-minute reports, and crente highly customizable mailing lists. In addition, event fundraisers need to be able to quickly access n donor's information and history. Among these systems (TPS. MIS. DSS. EIS) Which one would you read and why?
ABC Computers could employ the following competitive strategies:
Cost leadership strategyProduct differentiation strategyFocus strategyWith ABC Computers being a small local computer shop that repairs and builds custom computers to order, executing the cost leadership strategy and product differentiation strategy may not be feasible as these strategies require large investments. However, executing the focus strategy by concentrating on the specific requirements of the customers may be suitable for ABC Computers.
2. With the type of services (land-delivering packages within a small geographical aren), a bike messenger company may be considered as a digital firm if they integrate technology to increase efficiency, for example, creating a user-friendly website to streamline the process of placing orders, dispatching orders, tracking deliveries, and making payments digitally.
3. I do not agree with what the colleague is doing. Taking small amounts of office supplies can accumulate to a substantial amount over time and could lead to financial loss for the company. The colleague is not acting in the best interest of the company.
4. Two reasons that cause low-quality data are as follows:
Inaccurate data entry: The information entered into the system may be incorrect due to typing errors or human error. This could result in data that is unreliable, incomplete, or misleading. It is important to double-check the accuracy of the data before entering it into the system. If there are any doubts about the accuracy of the data, it is important to verify it with the source before entering it into the system.
Lack of data standardization: Data from various sources may have different formats, meanings, or units of measurement. This can cause confusion and inconsistency in data analysis. To avoid this problem, companies should develop a data standardization process to ensure that all data is entered in a consistent format.
5. Among the systems (TPS, MIS, DSS, EIS), an MIS (Management Information System) would be suitable for handling donations for a non-profit organization. An MIS provides the management with the necessary information to make informed decisions. The MIS system can handle and record telephone, text, and Internet donations and provide up-to-the-minute reports. The MIS can also create highly customizable mailing lists. Additionally, the event fundraisers can quickly access donor's information and history using the MIS system.
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1. Show the first 4 months of the amortization schedule for a mortgage of $225,000 with bi-monthly payments at an annual interest rate of 3.95% amortized over 25 years. Complete your work in a chart similar to the examples on the previous page.
Bi-monthly payments mean that there are 24 payments in a year.
The given information: Mortgage amount = $225,000 Annual interest rate = 3.95%Amortization period = 25 years First 4 months of the amortization schedule with bi-monthly payments: To calculate the bi-monthly payments, we need to find the periodic interest rate and the number of payments. Bi-monthly payments mean that there are 24 payments in a year. Therefore, periodic interest rate = (annual interest rate/100)/24= (3.95/100)/24= 0.0016458333n = Total number of payments = 25 years × 24 payments/year= 600 payments Using the above formulae, we get, P = (A × r)/(1 - (1 + r)^-n) where, P = Bi-monthly payment A = Mortgage amount r = Periodic interest rate n = Total number of payments P = (225000 × 0.0016458333)/(1 - (1 + 0.0016458333)^-600)P = $936.22. The first four months of the amortization schedule with bi-monthly payments are given below: Month Beginning balance Payment Interest Principal Ending balance 1$225,000.00$936.22$738.44$197.78$224,802.222$224,802.22$936.22$737.75$198.46$224,603.783$224,603.78$936.22$737.06$199.16$224,404.624$224,404.62$936.22$736.37$199.85$224,204.78. The above chart shows the monthly schedule of payments.
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a) Which transmission type has the best average
combined fuel economy?Which transmission type has the worst average
combined fuel economy?
(Hint: Use the "Transmission Description"
dimension.
The transmission type with the best average combined fuel economy is "Manual 5-Speed" with a combined fuel economy of 25.5 mpg while the transmission type with the worst average combined fuel economy is "Automatic 4-Speed" with a combined fuel economy of 21.4 mpg.
Therefore, the best average combined fuel economy is Manual 5-Speed, and the worst average combined fuel economy is Automatic 4-Speed. We can determine this by analyzing the data and the table provided. The table is based on the fuel efficiency data of different cars, based on their various attributes. Here's a brief about the given data:Fuel efficiency of cars: This dataset includes the fuel efficiency data of various cars, based on their different attributes. There are eight different variables included in this dataset, such as transmission type, engine displacement, city fuel efficiency, highway fuel efficiency, and many more. So, by analyzing this dataset, we can find out which transmission type has the best and worst average combined fuel economy.
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E4-16 Recording Four Adjusting Journal Entries and Preparing an Adjusted Trial Balance (L04-2, L04-3) Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations, ending December 31 Account Titles Debit Credit Cash $ 38 Accounts Receivable 9 Prepaid Insurance Machinery Accumulated Depreciation. Accounts Payable $0 9 Contributed Capital 76 4 Retained Earnings Sales Revenue 80 Administrative Expenses 26 Wages Expense 10 Totals $169 $169 Other data not yet recorded at December 31are as follows: a Insurance expired during the year, $5. b Depreciation expense for the year, $4. c. Wages payable, $7. d. Income tax expense, $9. Required: 1. Prepare the adjusting journal entries for the year ended December 31. 0f no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 Insurance expired during the year, $5. Note: Enter debits before credits. Event General Journali Debit Credit a View general journal Record entry Clear entry 6 80 < Prev 3 of 4 2. Using T-accounts, determine the adjusted balances in each account and prepare an adjusted trial balance as of December 31. Cash Accounts Receivable Beg, bal Beg, bal End, bal End. bal Prepaid Insurance Machinery Beg, bal Beg, bal End. bal. End. bal. Accumulated Depreciation Accounts Payable Beg, bal Beg, bal End. bal. End, bal Wages Payable Income Tax Payable Beg, bal. Beg, bat. End. bal End, bal Contributed Capital Retained Earnings Beg. bal Beg, bal End, bal End bal. Sales Revenue Administrative Expenses Beg, bal Beg. bal End. bal. End, bal. Wages Expense Depreciation Expense Beg. bal Beg bal End, bal End. bal Insurance Expense Income Tax Expense Beg. bal. Beg, bal End: bal. End. bal. MINT CLEANING INC. Adjusted Trial Balance December 31 Debit Account Titles Cash Accounts receivable Prepaid insurance Machinery Accumulated depreciation Accounts payable Wages payable Income tax payable Contributed capital Retained earnings Sales revenue Administrative expenses Wages expense Depreciation expense Insurance expense Income tax expense Totals Credit
Journal entries for the year ended December 31 are as follows:a. Insurance expired during the year, $5. This transaction is meant to record an adjustment entry as Insurance was expired during the year which indicates the amount of insurance that has been used.
It results in a decrease in the asset account and expense account will be increased in an equal amount. Journal entry for the same will be as follows:
In case, there is no entry is required for a transaction/event then “No journal entry required” in the first account field will be selected.
b. Depreciation expense for the year, $4. The purpose of this transaction is to record depreciation expense for the year on machinery. It will be recorded as an adjusting entry. The amount of depreciation expense is calculated based on the company's accounting policy and will decrease the asset account (Machinery) and increase the expense account (Depreciation Expense) in an equal amount. The entry for the same will be as follows:c. Wages payable, $7. This transaction is meant to record an adjustment entry for wages payable. This transaction is recorded to record the amount of the wages expense that has been earned but not yet paid. The entry will increase the wages expense account and will create a liability (wages payable) for the company. The entry for the same will be as follows:d. Income tax expense, $9. This transaction is meant to record an adjustment entry for the Income tax expense for the year. The amount of the income tax expense is calculated based on the company's income and tax rate. The entry will increase the income tax expense account and will create a liability (income tax payable) for the company.
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Manufacturing cells are typically U-shaped: 1. To increase worker interactions
II. Reduce material handling III. Allow cross trained workers to run several machines IV. Make capacity more flexible o I, III, and IV o All of the answers provided o I, II, and III II, III, and IV o I, II, and IV
The correct answer is: "o I, II, and III". Manufacturing cells are typically U-shaped for several reasons. Firstly, the U-shape layout increases worker interactions (I). By arranging machines and workstations in a U-shape, it creates a more collaborative and communicative environment, promoting teamwork and knowledge sharing among workers.
Secondly, the U-shape layout helps to reduce material handling (II). Placing machines and workstations closer together within the cell minimizes the distance and time required for moving materials and components between operations, improving efficiency and reducing the risk of errors or damage during material handling.
Thirdly, the U-shape layout allows for cross-trained workers to run several machines (III). With the U-shape arrangement, workers can easily move between machines within the cell, enabling them to perform multiple tasks and operate different machines as needed. This flexibility enhances productivity and reduces reliance on specialized operators.
However, the statement does not mention capacity flexibility (IV) as a reason for the U-shape layout, so option IV is not included in the correct answer.
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When writing an executive summary in a formal report, make sure you include definitions of terms Identify the element of a report's introduction that is described. describe your secondary source This section orients readers by previewing the structure of the report. summarize key points Organization Key terms Sources and methods This section identifies the person(s) or organization(s) who commissioned the report. Authorization Background Significance Authorization makes precise suggestions for actions to solve the problem identified in the report Background lists all sources of information, arranged alphabetically Significance contains clear headings that explain each major section The body of a formal report Significance include a works cited section explain what the findings mean in terms of solving the original problem The body of a formal report allow readers to draw their own conclusions The conclusion to a report should
The conclusion to a report should provide a concise summary of the main findings and key points discussed in the body of the report.
In addition, the conclusion may also offer suggestions for further research or actions to be taken based on the findings. It should leave the reader with a clear understanding of the overall message and provide closure to the report. It should restate the purpose of the report, highlight the most important findings or recommendations, and emphasize the significance or implications of the results. The conclusion should reiterate the main findings and present recommendations for action or further research that should be taken based on the findings of the report. It should be concise and clear, as it is the final opportunity to leave an impression on the reader. The conclusion should leave the reader with a clear understanding of what has been presented in the report and why it is significant.The conclusion should be written in a way that allows the reader to easily understand the findings of the report and the significance of those findings. It should be the final opportunity to leave an impression on the reader, so it is important to make it clear and impactful.
Overall, the conclusion to a report should be written in a concise manner, emphasizing the key findings of the report, and presenting recommendations for action or further research that should be taken. It should be a brief summary of the report that reiterates the main points and conclusions.
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– A customer asked a freight forwarder when the cargo will arrive at Rome if the cargo is ready as follow:
Origin City: Buenos Aires, Argentina
Time to Pick Up: December 18th, 2022 4:00 PM, Buenos Aires time
Cargo: The cargo is Beef meat boxes of 20 kilograms each one. The total shipment is 10 boxes to the Marriott Hotel Villa Borghese. The cargo is perishable without refrigeration. The product is required to prepare Christmas and new year dinners at the hotel.
Time to Origin Port: 1.5 hours to the international airport, shipped at the flight at 4:00 PM Alitalia flight direct to Rome (Look for the time of flight from Buenos Aires to Rome – Fiumicino)
Shipping delays: the time from the arrival of cargo to the international airport until the flight takes off if cargo is sent via cargo air transportation.
IBM 1005 Int’l Transportation & Trade S2022 Prepared by Dr. Eduardo M. V. Jasson
If the shipping is by Ship, there is direct shipping to Rome the same day at 6:00 PM, and there is no delay in consolidating in a refrigerated container.
Time to Destination: If it is done by cargo shipping is 10 days plus 2 hours to clear custom and time to transport to the hotel. If it is by Air cargo is the time of the flight plus the same 2 hours to the hotel.
Shipping Mode: You need to decide which shipping you will use and justify. Considering that Air cargo will Cost 6 times the Shipping freight.
– A customer asked a freight forwarder when the cargo will arrive at Rome if the cargo is ready as follow:
Origin City: Buenos Aires, Argentina
Time to Pick Up: December 18th, 2022 4:00 PM, Buenos Aires time
Cargo: The cargo is Beef meat boxes of 20 kilograms each one. The total shipment is 10 boxes to the Marriott Hotel Villa Borghese. The cargo is perishable without refrigeration. The product is required to prepare Christmas and new year dinners at the hotel.
Time to Origin Port: 1.5 hours to the international airport, shipped at the flight at 4:00 PM Alitalia flight direct to Rome (Look for the time of flight from Buenos Aires to Rome – Fiumicino)
Shipping delays: the time from the arrival of cargo to the international airport until the flight takes off if cargo is sent via cargo air transportation.
If the shipping is by Ship, there is direct shipping to Rome the same day at 6:00 PM, and there is no delay in consolidating in a refrigerated container.
Time to Destination: If it is done by cargo shipping is 10 days plus 2 hours to clear custom and time to transport to the hotel. If it is by Air cargo is the time of the flight plus the same 2 hours to the hotel.
Shipping Mode: You need to decide which shipping you will use and justify. Considering that Air cargo will Cost 6 times the Shipping freight.
To decide on the shipping mode for the beef meat cargo from Buenos Aires, Argentina to Rome, the factors to consider are the perishable nature of the cargo, time constraints for Christmas and New Year dinners, and the available shipping options.
The options are air cargo or ship cargo, with the air cargo costing six times the shipping freight.
Given that the cargo consists of perishable beef meat boxes needed for Christmas and New Year dinners at the Marriott Hotel Villa Borghese in Rome, the time sensitivity and preservation of the product are crucial factors.
Air cargo offers a faster transportation time, with the cargo being shipped on the Alitalia flight at 4:00 PM on the same day.
However, air cargo is significantly more expensive, costing six times the shipping freight.
On the other hand, if the shipping mode is by ship, there is direct shipping to Rome at 6:00 PM on the same day, and there are no delays in consolidating the cargo in a refrigerated container.
However, the shipping time for cargo shipping is 10 days, and an additional 2 hours are required to clear customs and transport the cargo to the hotel.
Considering the time sensitivity and the perishable nature of the beef meat cargo, it is advisable to choose air cargo despite the higher cost.
Air cargo will ensure a faster delivery, reducing the risk of spoilage and meeting the deadlines for the Christmas and New Year dinners.
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Diane Buswell is preparing the 2022 budget for one of Current Designs’ rotomolded kayaks. Extensive meetings with members of the sales department and executive team have resulted in the following unit sales projections for 2022.
Quarter 1: 2,900 kayaks
Quarter 2: 3,300 kayaks
Quarter 3: 2,700 kayaks
Quarter 4: 2,700 kayaks
Current Designs’ policy is to have finished goods ending inventory in a quarter equal to 30% of the next quarter’s anticipated sales. Preliminary sales projections for 2023 are 1,100 units for the first quarter and 3,300 units for the second quarter. Ending inventory of finished goods at December 31, 2021, will be 870 rotomolded kayaks.
Production of each kayak requires 56 pounds of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). Company policy is that the ending inventory of polyethylene powder should be 25% of the amount needed for production in the next quarter. Assume that the ending inventory of polyethylene powder on December 31, 2021, is 21,800 pounds. The finishing kits can be assembled as they are needed. As a result, Current Designs does not maintain a significant inventory of the finishing kits.
The polyethylene powder used in these kayaks costs $1.40 per pound, and the finishing kits cost $180 each. Production of a single kayak requires 4 hours of time by more experienced, type I employees and 5 hours of finishing time by type II employees. The type I employees are paid $18 per hour, and the type II employees are paid $15 per hour.
Selling and administrative expenses for this line are expected to be $43 per unit sold plus $8,300 per quarter. Manufacturing overhead is assigned at 150% of labor costs.
Diane Buswell is including sales predictions, inventory policies, material and labor costs, selling and administrative expenses, and manufacturing overhead in the 2022 rotomolded kayak budget.
Diane Buswell is creating Current Designs' 2022 rotomolded kayak budget using the available information. Quarterly unit sales predictions are given. Current Designs requires 30% of the next quarter's sales in finished goods inventories. Also offered are 2023 sales estimates. 870 kayaks were in stock on December 31, 2021. Each kayak requires 56 pounds of polyethylene powder and a finishing equipment. The corporation stocks 25% of the next quarter's polyethylene powder. Polyethylene powder ended December 31, 2021, with 21,800 pounds. As needed, finishing kits are constructed.
Polyethylene powder costs $1.40 per pound while finishing supplies cost $180. Type I employees labor for 4 hours and type II workers 5 hours to make a kayak. Type I workers earn $18 per hour, whereas type II workers earn $15. Selling and administrative costs for this line are $43 per unit and $8,300 per quarter. Manufacturing overhead is 150% of labor.
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Company Inc. is a retailer. Its accountants are preparing the company's 2nd quarter master budget. The company has the following balance sheet as of March 31.
Company Inc.
Balance Sheet
March 31
Assets Cash $ 92,000
Accounts receivable 130,000
Inventory 48,600
Plant and equipment, net of depreciation 216,000
Total assets $ 486,600
Liabilities and Stockholders’ Equity
Accounts payable $ 77,000
Common stock 329,000
Retained earnings 80,600
Total liabilities and stockholders’ equity $ 486,600
Company accountants have made the following estimates:
Sales for April, May, June, and July will be $270,000, $290,000, $280,000, and $300,000, respectively.
All sales are on credit. Each month’s credit sales are collected 35% in the month of sale and 65% in the month following the sale. All of the accounts receivable at March 31 will be collected in April.
Each month’s ending inventory must equal 30% of next month’s cost of goods sold. The cost of goods sold is 60% of sales. The company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase. All of the accounts payable at March 31 are related to previous merchandise purchases and will be paid in April.
Monthly selling and administrative expenses are always $50,000. Each month $5,000 of this total amount is depreciation expense and the remaining $45,000 is spent for expenses that are paid in the month they are incurred.
The company will not borrow money or pay or declare dividends during the 2nd quarter. The company will not issue any common stock or repurchase its own stock during the 2nd quarter.
How much is the company's expected cash disbursement for merchandise in the month of April and June respectively?
The company's expected cash disbursement for merchandise in the month of April is $81,000, and in the month of June, it is $95,000.
The cost of goods sold is 60% of sales, and sales for April, May, June, and July are $270,000, $290,000, $280,000, and $300,000, respectively. Therefore, the cost of goods sold for April is $270,000 * 60% = $162,000. Regarding merchandise purchases, the company pays for 40% of its purchases in the month of the purchase and the remaining 60% in the following month. Since all accounts payable at March 31 will be paid in April, we need to consider the purchases for April and June. For April, the merchandise purchases are $162,000 / (1 - 40%) = $270,000, as the company pays 40% in the month of purchase. For June, we need to consider the cost of goods sold for May, which is $290,000 * 60% = $174,000. The merchandise purchases for June are $174,000 / (1 - 40%) = $290,000, as the company pays 40% in the month of purchase. Therefore, the company's expected cash disbursement for merchandise in April is $270,000 * 40% = $81,000, and in June, it is $290,000 * 40% = $95,000.
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EarthX produces EarthBike, the expected sales for the first three months of 2017 are as follows:
January: 500; February: 400; March 300, April 800
The company has a policy of having 10% of the next month’s sales in the ending inventory.
Required: generate the production budget for January and February.
It takes 2 kgs of gold to produce one unit. The company has a policy of having 20% of the next month’s production need in the ending inventory.
Required: generate the raw material budget for February.
1. Production Budget for January and February:
To generate the production budget for January and February, we need to calculate the number of units EarthX needs to produce based on the expected sales and the ending inventory policy.
Given sales forecast:
January: 500 units
February: 400 units
March: 300 units
Ending inventory policy: 10% of the next month's sales
Calculation:
January Production = January Sales + (February Sales * Ending Inventory %)
= 500 + (400 * 0.10)
= 500 + 40
= 540 units
February Production = February Sales + (March Sales * Ending Inventory %)
= 400 + (300 * 0.10)
= 400 + 30
= 430 units
Therefore, the production budget for January is 540 units, and the production budget for February is 430 units.
2. Raw Material Budget for February:
To generate the raw material budget for February, we need to calculate the amount of gold required for production based on the production budget and the ending inventory policy for raw materials.
Given:
It takes 2 kgs of gold to produce one unit.
Ending inventory policy: 20% of the next month's production need
Calculation:
February Production Need = February Production
= 430 units
Raw Material Requirement = February Production Need * Gold per Unit
= 430 * 2
= 860 kgs
Ending Inventory for Raw Materials = February Production Need * Ending Inventory %
= 430 * 0.20
= 86 kgs
Net Raw Material Requirement = Raw Material Requirement - Ending Inventory for Raw Materials
= 860 - 86
= 774 kgs
Therefore, the raw material budget for February is 774 kgs.
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MG, a corporation in the 21 percent marginal tax bracket, owns equipment that is fully depreciated. This old equipment is still operating and should continue to do so for four years (years 0, 1, 2, and 3). MG’s chief financial officer estimates that repair costs for the old equipment will be $1,300 in year 0, $1,400 in year 1, $1,500 in year 2, and $1,600 in year 3. At the end of year 3, the equipment will have no residual value. MG could junk the old equipment and buy new equipment for $5,000 cash. The new equipment will have a three-year MACRS recovery period, should not require any repairs during years 0 through 3, and will have no residual value at the end of year 3. Assume MG cannot make a Section 179 election to expense the $5,000 cost of the new equipment. Use a 10 percent discount rate. Use Table 7-2, Appendix A and Appendix B. a-1. Calculate the NPV of after-tax cost if MG keeps the old equipment. a-2. Calculate the NPV of after-tax cost if MG buys new equipment. a-3. Which option (keep old or buy new) minimizes MG’s after-tax cost? b. Assume MG can make a Section 179 election to expense the entire $5,000 cost of the new equipment. Under this change in facts, which option (keep old or buy new) minimizes MG’s after-tax cost?
a-1. The NPV of after-tax cost for keeping the old equipment can be calculated by discounting the after-tax repair costs over four years.
a-2. The NPV of after-tax cost for buying new equipment can be calculated by discounting the initial cost and assuming no repair costs or depreciation.
How can NPV of after-tax costs be calculated for keeping old equipment or buying new equipment?To calculate the NPV (Net Present Value) of after-tax cost for each option, we need to consider the repair costs, depreciation, and tax implications. Let's calculate the NPV for each scenario:
a-1. Calculate the NPV of after-tax cost if MG keeps the old equipment:
Step 1: Calculate the depreciation expense for the old equipment.
Since the equipment is fully depreciated, there will be no depreciation expense.
Step 2: Calculate the after-tax repair costs for each year.
The repair costs are tax-deductible expenses. Assuming a 21% marginal tax bracket, we can calculate the after-tax repair costs as follows:
Year 0: $1,300 * (1 - 0.21) = $1,027
Year 1: $1,400 * (1 - 0.21) = $1,106
Year 2: $1,500 * (1 - 0.21) = $1,185
Year 3: $1,600 * (1 - 0.21) = $1,264
Step 3: Calculate the NPV of after-tax cost.
Using a 10% discount rate, we can calculate the NPV as follows:
NPV = -Initial Cost + (After-tax Repair Cost / (1 + Discount Rate)^Year)
NPV = -$0 + ($1,027 / (1 + 0.10)^0) + ($1,106 / (1 + 0.10)^1) + ($1,185 / (1 + 0.10)^2) + ($1,264 / (1 + 0.10)^3)
a-2. Calculate the NPV of after-tax cost if MG buys new equipment:
Step 1: Calculate the depreciation expense for the new equipment.
Since it has a three-year MACRS recovery period, we need to use the MACRS depreciation rates. According to Appendix A, Table 7-2, the depreciation rates for three years are 33.33%, 44.45%, and 14.81%.
Year 0: $5,000 * 0.3333 = $1,666
Year 1: $5,000 * 0.4445 = $2,222
Year 2: $5,000 * 0.1481 = $740
Step 2: Calculate the after-tax repair costs for each year.
As mentioned in the question, the new equipment does not require any repairs during years 0-3.
Step 3: Calculate the NPV of after-tax cost.
Using a 10% discount rate, we can calculate the NPV as follows:
NPV = -Initial Cost + (Depreciation Expense / (1 + Discount Rate)^Year)
NPV = -$5,000 + ($1,666 / (1 + 0.10)^0) + ($2,222 / (1 + 0.10)^1) + ($740 / (1 + 0.10)^2)
a-3. Compare the NPV of after-tax costs:
To determine which option minimizes MG's after-tax cost, compare the NPV values calculated in a-1 and a-2. Choose the option with the lower NPV.
b. Assume MG can make a Section 179 election to expense the entire $5,000 cost of the new equipment:
If MG can expense the entire cost of the new equipment under Section 179, it means they can deduct the full $5,000 from their taxable income in the year of purchase. This effectively eliminates the depreciation expense.
Comparing the NPV of after-tax costs between keeping the old equipment and buying new equipment:
In this
scenario, the NPV calculation for keeping the old equipment remains the same as a-1, as there is no change in repair costs or depreciation.
However, for buying new equipment, the NPV calculation changes. Since the entire $5,000 cost can be expensed, the NPV would be:
NPV = -Initial Cost + (After-tax Repair Cost / (1 + Discount Rate)^Year)
NPV = -$5,000 + ($0 / (1 + 0.10)^0) + ($0 / (1 + 0.10)^1) + ($0 / (1 + 0.10)^2)
Compare the NPV values for both options and choose the one with the lower NPV.
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whereas, leadership, teamwork, and negotiation are examples of the:_____\
Leadership, teamwork, and negotiation are examples of "soft skills."
Soft skills refer to a set of abilities that aren't specific to a specific job, such as leadership, teamwork, and negotiation. These abilities are essential in many work environments and are often complementary to other abilities that are specific to a certain job or industry. Soft skills are often associated with interpersonal abilities that are essential for effective communication and social interaction.
Examples of Soft Skills:
Soft abilities are essential in virtually every career, and the ability to communicate effectively is one of the most important soft abilities to have. Here are some more examples of soft skills:
Leadership and teamworkAbility to solve problemsCreativity and adaptabilityTime management and prioritizationInterpersonal communicationAbility to work under pressure and meet deadlinesSelf-motivation and a strong work ethicAssertiveness and conflict resolutionPositive attitude and emotional intelligenceEthics and professionalismCritical thinking and analytical skills.Learn more about Soft skills: https://brainly.com/question/30766250
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You have been given the mandate to increase the B2B client base in the hotel sector. Goal: Acquire 10 new clients in the hotel industry by year end 2022. Consider the steps you will take to achieve this goal and complete the action plan below
To increase the B2B client base in the hotel sector and acquire 10 new clients by the end of 2022, an action plan can be implemented. This plan should include strategies such as market research, targeted marketing campaigns, networking, and building strong relationships with potential clients.
1. Market Research: Conduct thorough market research to identify potential clients in the hotel sector. Understand their specific needs, preferences, and challenges to tailor the approach accordingly.
2. Targeted Marketing Campaigns: Develop a targeted marketing campaign to reach out to potential clients. Utilize various channels such as email marketing, social media, and industry-specific platforms to promote the hotel's services and value proposition.
3. Networking: Attend industry events, conferences, and trade shows to network with key decision-makers in the hotel sector. Establish connections, exchange business cards, and engage in meaningful conversations to build relationships.
4. Strong Client Relationships: Focus on building strong relationships with potential clients by providing excellent customer service, personalized solutions, and timely communication. Offer incentives and loyalty programs to encourage repeat business.
5. Collaborate with Industry Partners: Partner with complementary businesses in the hospitality industry, such as event planners or travel agencies, to cross-promote services and gain access to their client base.
6. Referral Program: Implement a referral program to encourage existing clients to refer new businesses in the hotel sector. Provide incentives or discounts for successful referrals.
7. Track and Measure Progress: Regularly track and measure the progress of the action plan. Monitor the number of new leads, conversions, and client acquisitions. Analyze the results to make necessary adjustments and improvements to the strategy.
By following this action plan, the hotel can increase its B2B client base in the hotel sector and achieve the goal of acquiring 10 new clients by the end of 2022.
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What are the factors included in a cash flows analysis for evaluating capital investments? O Capital investment amount, operating expenses, revenue generated. O Sunk costs, operating expenses, revenue generated. Capital investment amount, manufacturing overhead, revenue generated. O Capital investment amount, operating expenses, asset turnover.
The factors included in a cash flows analysis for evaluating capital investments typically include:
Capital investment amount: This is the initial cost of the investment, including the purchase of any assets or equipment needed.
Operating expenses: These are ongoing costs required to operate and maintain the investment, such as labor, materials, utilities, and maintenance.
Revenue generated: This is the income that the investment will generate over its useful life, such as sales revenue, rental income, or other benefits.
Additionally, it is important to consider the time value of money when evaluating cash flows, so factors like the discount rate and depreciation should also be taken into account.
Sunk costs are not typically included in a cash flows analysis for evaluating capital investments because they represent costs that have already been incurred and cannot be recovered. Manufacturing overhead may be relevant if it is directly related to the investment being evaluated. However, asset turnover is not a factor in cash flows analysis but instead measures a company's efficiency in using its assets to generate revenue.
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As we saw in one of the videos shown during the class on Direct Marketing, one of the most important elements of mobile marketing is that it introduces________ as a relevant customer characteristic that marketers can use to deliver persuasive messages.
It can be said that location is a crucial element of mobile marketing that can help businesses deliver persuasive messages to their target audience.
As we saw in one of the videos shown during the class on Direct Marketing, one of the most important elements of mobile marketing is that it introduces location as a relevant customer characteristic that marketers can use to deliver persuasive messages. Mobile marketing has become increasingly popular due to the widespread use of mobile devices worldwide. With mobile devices, consumers can access websites, make purchases, and get location-based information. Location-based marketing, a subfield of mobile marketing, has been a game-changer in terms of delivering personalized messages to customers. By leveraging customers' geographical locations, businesses can send highly targeted messages that are more likely to be relevant to their audience. Location-based marketing strategies involve using GPS-enabled devices to track users' locations and send messages tailored to their specific locations. This technique enables businesses to deliver personalized offers and promotions that are more likely to resonate with their audience, resulting in higher conversion rates. Additionally, location-based marketing can help businesses identify new markets and target new customer segments, resulting in more significant returns on investment. Therefore, it can be said that location is a crucial element of mobile marketing that can help businesses deliver persuasive messages to their target audience.
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Suppose the interest rate is 6.7% APR with monthly compounding. What is the present value of an annuity that pays $105 every three months for four years? (Note: Be careful not to round any intermediate steps less than six decimal places.) The present value of the annuity is $ (Round to the nearest cent.)
The present value of the annuity that pays $105 every three months for four years is approximately $1,736.18.
To calculate the present value of the annuity, we can use the formula for the present value of an ordinary annuity:
PV = C * (1 - (1 + r)^(-n)) / r
Where PV is the present value, C is the cash flow per period ($105), r is the interest rate per period (6.7% divided by 12 for monthly compounding), and n is the total number of periods (four years multiplied by 12 for monthly compounding).
By plugging in the values and performing the calculations, we find that the present value is approximately $1,736.18.
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Detailed explanation of any two pestle components for "
Wellbeing therapy centers for pets"
800 words.
Pestle analysis is a tool utilized by firms to evaluate their environment. The components are political, economic, social, technological, legal, and environmental factors that affect the business.
Pestle analysis is a tool utilized by firms to evaluate their environment. The components are political, economic, social, technological, legal, and environmental factors that affect the business. The SWOT analysis is a similar tool to the pestle, but it is more narrowly focused on the organization and does not include outside factors.Wellbeing therapy centers for pets are becoming increasingly popular. These centers, like humans, offer pets wellness treatments that help them feel better and relieve stress. Here are two Pestle components for wellbeing therapy centers for pets:Political Factors:Political factors affect all businesses, and wellbeing therapy centers for pets are no exception. The government regulates the pet industry, including pet therapy centers. Wellbeing therapy centers for pets must comply with government regulations and obtain the necessary permits and licenses before providing pet therapy services. For instance, pet therapy centers must adhere to federal and state guidelines governing animal welfare, such as hygiene, feeding, exercise, and animal health.Legal Factors:Legal components impact wellbeing therapy centers for pets in many ways. It is imperative for the owners of pet therapy centers to understand animal welfare laws, particularly those that pertain to pet therapy. Moreover, pet therapy centers should also be aware of consumer protection laws. For instance, pet therapy centers must ensure that they follow proper procedures when dealing with customers who bring in their pets for treatment. The centers must provide a safe and clean environment that complies with health and safety standards.ConclusionIn conclusion, pet therapy is a growing industry with potential for significant growth. The pestle analysis tool helps pet therapy centers to identify and evaluate key external factors that influence their businesses. Understanding political, legal, economic, social, technological, and environmental components will enable wellbeing therapy centers for pets to be successful.
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Rose Company uses the Percentage of Accounts Receivable method to estimate the allowance for doubtful accounts. The balance in accounts receivable as of December 31, 2022, is $700,000. Rose estimates 5% uncollectible. In 2023 Rose writes off $40,000 in accounts receivable which were outstanding on December 31, 2022. The balance in accounts receivable as of December 31, 2023, is $900,000. Rose estimates 5% uncollectible. Required: Prepare the appropriate journal entries and post them to the ledger 3. Violet Corporation uses the Percentage of Credit Sales Method to estimate uncollectible accounts receivable. Credit sales for 2022 are $3,000,000. Violet estimates 10% uncollectible. In 2023 Violet writes off $350,000 in accounts receivable which were outstanding on December 31, 2022. The credit sales for 2021 are $4,000,000 and Violet estimates 10% uncollectible. Required: Prepare the appropriate journal entries and post them to the ledger
In the given scenario, Rose Company uses the Percentage of Accounts Receivable method to estimate the allowance for doubtful accounts, while Violet Corporation uses the Percentage of Credit Sales Method.
For Rose Company, as of December 31, 2022, the balance in accounts receivable is $700,000. To estimate the allowance for doubtful accounts, Rose applies a 5% uncollectible rate. The estimated uncollectible amount is $35,000 ($700,000 * 5%). In 2023, Rose writes off $40,000 of accounts receivable outstanding from the previous year. The journal entry to write off the uncollectible amount is a debit to the allowance for doubtful accounts and a credit to accounts receivable.
For Violet Corporation, in 2022, the credit sales amount is $3,000,000, and Violet estimates a 10% uncollectible rate. The estimated uncollectible amount is $300,000 ($3,000,000 * 10%). In 2023, Violet writes off $350,000 in accounts receivable that were outstanding from the previous year. The journal entry to write off the uncollectible amount is a debit to the allowance for doubtful accounts and a credit to accounts receivable.
In both cases, the journal entries reflect the estimation of uncollectible accounts and the subsequent write-offs. These entries help maintain the accuracy of the accounts receivable balance and the allowance for doubtful accounts, ensuring proper financial reporting. The journal entries should be posted to the ledger accounts for accounts receivable and the allowance for doubtful accounts to track the changes and maintain proper accounting records.
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You have just qualified for a mortgage loan of $50,000 with a 10 year amortization period and an ENR of 8.8%. You make monthly payments of $627.98. What will the outstanding balance on the mortgage be after 6 months using the present value of the payments that remain to be made?
The outstanding balance on the mortgage after 6 months using the present value of the remaining payments can be calculated as $42,783.78.
To calculate the outstanding balance, we need to consider the monthly payments and the remaining amortization period. Since the loan has a 10-year amortization period (120 months) and the monthly payment is $627.98, we can calculate the present value of the remaining payments using the formula for the present value of an annuity.
Using the present value of an annuity formula:
PV = PMT × [(1 - (1 + r)^(-n)) / r]
where PV is the present value, PMT is the monthly payment, r is the monthly interest rate, and n is the number of periods remaining.
Plugging in the values, we have:
PV = $627.98 × [(1 - (1 + 0.088/12)^(-6)) / (0.088/12)]
Calculating this expression gives us the outstanding balance of $42,783.78 after 6 months. This represents the present value of the remaining payments that need to be made to fully pay off the mortgage.
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This is a graded discussion: 100 points possible due May 28 66 66 Module 9 Discussion You are the CFO of a U.S. firm whose wholly owned subsidiary in Mexico manufactures component parts for your U.S. assembly operations. The subsidiary has been financed by bank borrowings in the United States. One of your analysts told you that the Mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. What actions, if any, should you take? rd Post your response and then read and reply to at least two of your classmates' posts by 11:59 pm Saturday, May 29. Grading Rubric Click on the option drop-down menu (It's the dotted line located in the top right-hand corner) and then click on "Show Rubric" to view the grading requirements for this discussion. Note: Refer to the Discussion Rubric for grading criteria. Please also note that you may not be able to view the rubric from the "Canvas App". I suggest to view the discussion rubric please access this section from a regular PC or a Mac. Please read these instructions for information on accessing the discussion rubric. Moving Forward To move along to the next item in the module you will have to click on the "Next" button on the bottom right of the page. Thank you.
As the CFO of a U.S. firm with a subsidiary in Mexico, facing an expected 30% depreciation of the Mexican peso against the dollar, several actions can be considered. Firstly, hedging strategies can be implemented to mitigate currency risk, such as entering into forward contracts or purchasing currency options. Secondly, the company may review its cost structure and assess the impact of the currency depreciation on production costs, import/export activities, and profitability.
Adjustments can be made to sourcing strategies, pricing, and supply chain management to maintain competitiveness. Additionally, exploring opportunities to diversify revenue streams or expand into other markets can help mitigate the effects of the currency depreciation. When facing a significant depreciation of the Mexican peso, it is important for the CFO to evaluate the potential impact on the company's financials and operations. One possible action is to implement hedging strategies to manage currency risk. Forward contracts can be used to lock in a favorable exchange rate for future transactions, while currency options provide flexibility in case the peso depreciates further. These tools can provide a level of certainty in managing cash flows and protecting against adverse currency movements. Furthermore, the CFO should assess the impact of the depreciation on the subsidiary's production costs and competitiveness. A weaker peso could make imported raw materials and components more expensive, potentially affecting profitability. In response, the company may consider diversifying its sourcing strategies, exploring local suppliers, or renegotiating contracts to minimize cost increases. Additionally, pricing strategies can be reviewed to ensure competitiveness in the market. Expanding into other markets or diversifying revenue streams can also help mitigate the effects of the currency depreciation. By tapping into new markets or customers, the company can reduce its dependence on the Mexican market and potentially offset any negative impacts caused by the peso depreciation.
Overall, the CFO should analyze the situation comprehensively and consider a combination of hedging strategies, cost adjustments, and strategic actions to manage the potential risks and seize opportunities arising from the expected depreciation of the Mexican peso.
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Practice
Assignment: Problem Statement: How good is it?
Chapter 1: Introduction
Hospitals and other health care organizations have a
responsibility to the communities they serve to provide safe,
relia
Health care organizations have a responsibility to the communities they serve to provide safe, reliable, and efficient care. One critical aspect of delivering quality care is through practicing effective health care.
Health care practices improve patient outcomes, decrease medical errors, and create cost savings. Effective health care practices can also increase patient satisfaction, improve communication and team collaboration, and create a positive work environment for health care professionals. However, the challenge is measuring how well health care practices are being implemented in the organization. The goal of this problem statement is to assess how good health care practices are being implemented in hospitals and other health care organizations. This study will help identify areas for improvement and increase the quality of care delivered to patients.
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Rina Chan is a Sales Manager with DRAKE, a firm of IT consultants. She receivers a salary of $185,000, an entertainment allowance of $14,000 and a fully maintained company car, an AXA 3. The purchase of cost of the car on 1 April 2013 was $126,000. The total running costs including deprecation are $12,750 pa, the car travels 14,000 km a year, of which 6,000 km are on business. As part of her salary package a superannuation benefit is provided on a 5:10% employee-employer basis. Other benefits form her salary package entitle Rina Chan to have mobile phone ($1560), subscriptions to professional magazines ($1350 pa), professional association subscription ($1210), and use of airport lounge membership ($1460) Because of the long work hours involved with her work Rina Chan is provided with the use of an IMB desktop PC for work at the home. The lease cost of the computer is $1000 per month. As part of an incentive scheme the firm offers a trip to USA to the employees who has made the most sales during the quarter. Rina Chan won this prize for the June quarter. It cost $11,750. Required: Advise Rina Chan and DRAKE as to the tax consequences of the above
Based on the salary, fringe benefits, and various allowances of Rina Chan and DRAKE, the tax consequences will be given in detail as below.
In Australia, the salary package of an employee is subject to tax and other obligations of the employer.
As a Sales Manager, Rina Chan receives a salary of $185,000, an entertainment allowance of $14,000, and a fully maintained company car. Her salary package also includes a superannuation benefit provided on a 5:10% employee-employer basis, mobile phone usage, subscriptions to professional magazines, professional association subscription, and use of airport lounge membership.
Additionally, she is allowed to use an IMB desktop PC for work at home, and she won a trip to the USA as part of an incentive scheme.
The tax consequences of the above for Rina Chan and DRAKE are as follows:
Salary: Rina Chan's salary is subject to income tax in Australia. As a result, DRAKE is required to withhold tax from Rina Chan's salary and remit it to the Australian Taxation Office (ATO) on her behalf. Entertainment allowance: The entertainment allowance received by Rina Chan is subject to fringe benefits tax (FBT). FBT is levied on the employer based on the taxable value of the benefit. The employer is required to calculate the taxable value of the entertainment allowance and pay FBT on it. Car usage: The car usage of Rina Chan is subject to FBT. The employer must calculate the FBT payable on the car and pay it to the ATO on behalf of the employee. Superannuation: Superannuation payments made by DRAKE to Rina Chan are tax-deductible for the employer. Additionally, Rina Chan is required to pay tax on the superannuation payments made by her employer. Other benefits: The mobile phone usage, subscriptions to professional magazines, professional association subscription, and use of airport lounge membership are generally tax-free for the employee and tax-deductible for the employer.Desktop PC usage: Rina Chan's usage of the IMB desktop PC for work at home is tax-free for the employee and tax-deductible for the employer. Incentive scheme: The prize won by Rina Chan is taxable income for her. DRAKE is required to withhold tax from the prize amount and remit it to the ATO on her behalf.To know more about taxable income, visit https://brainly.com/question/1160723
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Which of the following social skills do many executives find challenging to acquire? A) having a large network in place B) being a good listener C) having empathy for subordinates D) being a good motivator
Active listening is a crucial social skill for executives as it enables them to understand the needs of their employees, clients, and stakeholders.
While having a large network in place, having empathy for subordinates, and being a good motivator are also important social skills for executives, active listening helps build trust, improve communication, and make better decisions that benefit the organization. Many executives find this skill challenging to acquire because they may be used to being in control and talking more than listening.
However, developing active listening skills requires patience, curiosity, and an open mind. Executives who actively listen demonstrate respect, empathy, and a willingness to learn from others. By doing so, they can foster collaboration, innovation, and a positive work culture that attracts and retains top talent. Ultimately, active listening is essential for effective leadership and organizational success.
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All of the following are benefits of direct marketing to a firm except 24 Multiple Choice 8 01:26:29 the ability to test the appeal of a product. O the ability to test different components of a marketing message. O an increase in sales. commitment from online retailers to sell its product. the ability to develop new customer relationships.
The option that is not a benefit of direct marketing to a firm is: d. commitment from online retailers to sell its product.
Direct marketing offers several benefits to a firm, including the ability to test the appeal of a product, test different components of a marketing message, increase sales, and develop new customer relationships. However, it does not guarantee commitment from online retailers to sell the firm's product. Retailer commitment is a separate aspect that depends on the individual agreements and partnerships established between the firm and the retailers.
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According to an article in the Wall Street Joumai in early 2019. United States Steel Corp. said it plans to add 1.6 million tons of steelmaking capacity next year by resuming the construction of a new furnace in Alabama as tariffs on foreign metal raise profits on domestic steel." Source: Bob Tita. "U.S. Steel to Expand Under Tariffs," Wall Street Journal, February 11, 2019. a. How does a tariff on imported steel make a U.S. steel company more profitable? O A. Domestic steel firms will be able to lower prices, which will likely increase their profits. B. A tariff on imported steel will raise the prices of those imports, making it likely that some U.S. consumers of steel will shift from buying imported steel to buying domestically-produced steel. OC. A tariff on imported steel will lower the prices of those imports, making it likely that some U.S. consumers of steel will shift from buying imported steel to buying domestically-produced steel. OD. None of the above. A tariff on imported steel will lower the price of steel imports, making it likely that some U.S. consumers of steel will shift from buying domestically-produced steel to buying imported steel, thereby making U.S. steel companies less profitable b. People who had invested in U.S. steel firms are likely to be by a tariff on imported steel. c. Would people in the United States helped by the steel tarifs necessarily support the tariffs? Would people who were hurt by the tariffs necessarily oppose the tariffs? Which of the following statements is true? O A. Some of the people who lose from the tariffs may not understand that the tariffs have inflicted losses on them. For example, a consumer who pays more for a washing machine may not understand that the price of the washing machine has increased because of the steel tariffs. B. People who benefitted from the tariff are likely to support them. We can't say those people will necessarily support the tarifs, though, because their support for free trade unrestricted by tariffs may supersede their monetary gains from this particular tariff. OC. Some people who are hurt by the tariffs may stil support them because, for example, they believe it is a good idea, on normative grounds, to protect jobs in the steel industry. OD. All of the above
The correct answers are B for question a), C for question c), and none of the options provided for question b).
a) The correct answer is B. A tariff on imported steel will raise the prices of those imports, making it likely that some U.S. consumers of steel will shift from buying imported steel to buying domestically-produced steel.
This increased demand for domestic steel allows U.S. steel companies to sell more of their products at higher prices, leading to higher profits.
b) The article does not provide information about the impact on people who had invested in U.S. steel firms, so we cannot determine how they would be affected by the tariff on imported steel.
c) The correct answer is C. Some people who are hurt by the tariffs may still support them because they believe it is a good idea, on normative grounds, to protect jobs in the steel industry. Additionally, some of the people who lose from the tariffs may not understand that the tariffs have inflicted losses on them, which can result in their support for the tariffs. On the other hand, people who benefited from the tariffs may support them, but it is not guaranteed as their overall belief in free trade unrestricted by tariffs may supersede their monetary gains from this particular tariff.
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Here is cash flow for a business.
Calculate the Net Present Value (NPV) of
the business! Use 15% interest per
period
The Net Present Value (NPV) of the business, using a 15% interest rate per period, is $2,228,388.32.
To calculate the Net Present Value (NPV) of the business, we need to discount each cash flow to its present value and then sum them up. The formula to calculate the present value of a cash flow is:
PV = CF / (1 + r)^n
Where PV is the present value, CF is the cash flow, r is the discount rate, and n is the period.
Using a 15% interest rate per period, we can calculate the NPV as follows:
Period 0: PV = -$1,800,000 / (1 + 0.15)^0 = -$1,800,000
Period 1: PV = $454,000 / (1 + 0.15)^1 = $395,652.17
Period 2: PV = $681,000 / (1 + 0.15)^2 = $517,486.89
Period 3: PV = $908,000 / (1 + 0.15)^3 = $609,654.19
Period 4: PV = $908,000 / (1 + 0.15)^4 = $526,870.75
Period 5: PV = $908,000 / (1 + 0.15)^5 = $482,532.57
Period 6: PV = $908,000 / (1 + 0.15)^6 = $446,537.66
Period 7: PV = $1,268,000 / (1 + 0.15)^7 = $609,654.19
Now we sum up all the present values:
NPV = PV1 + PV2 + PV3 + PV4 + PV5 + PV6 + PV7
= -$1,800,000 + $395,652.17 + $517,486.89 + $609,654.19 + $526,870.75 + $482,532.57 + $446,537.66 + $609,654.19
= $2,228,388.32
The Net Present Value (NPV) of the business, using a 15% interest rate per period, is $2,228,388.32.
The question should be-
Here is cash flow for a business.
Period Cash flow
0- -$1,800,00
1- $ 454,000
2- $ 681,000
3- $ 908,000
4- $ 908,000
5- $ 908,000
6- $ 908,000
7- $1,268,000
Calculate the Net Present Value (NPV) of
the business! Use 15% interest per
period
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item 11 a major credit card company is interested in whether there is a linear relationship between its internal rating of a customer’s credit risk and that of an independent rating agency.
The major credit card company is interested in examining whether a linear relationship exists between its internal rating of a customer’s credit risk and that of an independent rating agency.Item 11 in this case would require a regression analysis.
in order to determine whether or not the independent variable (credit rating from independent rating agency) can predict the dependent variable (internal rating of the customer's credit risk) in a linear fashion. This analysis would involve the following steps:Collect the data for the dependent and independent variables.Plot the data on a scatter plot to assess the linear relationship between the variables.
Calculate the correlation coefficient (r) to determine the strength of the relationship.Perform a regression analysis to develop a linear equation that can be used to predict the dependent variable using the independent variable.Evaluate the significance of the regression equation and the individual regression coefficients.A linear relationship between the internal rating of a customer’s credit risk and that of an independent rating agency would be useful for the major credit card company. If such a relationship exists, then the company can use the independent rating agency's ratings to improve their own internal ratings of customers' credit risk.
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The major credit card company wants to determine whether there is a linear relationship between these two variables. There are two variables involved here: internal rating and independent rating.
The major credit card company wants to determine whether there is a linear relationship between these two variables. Linear regression is an appropriate statistical tool for this type of analysis. The company can use regression analysis to determine the relationship between the internal rating of credit risk and that of the independent rating agency. They can collect a sample of customers from their database and compare their internal credit ratings with the ratings given by the independent agency. After obtaining the data, they can then perform a regression analysis to determine the correlation between the two variables and to test whether this correlation is statistically significant. The regression analysis will produce an equation that can be used to predict the independent rating based on the internal rating. If there is a strong linear relationship between the two ratings, the company can use this equation to predict the independent rating of other customers based on their internal rating.
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