The total stamp duty payable on these transactions is £11,015.50. Hence, the answer is E341.110.
Stamp duty is the tax payable on certain documents that are mainly used for property and company transactions. In the United Kingdom, stamp duty applies to a wide range of instruments, including company stock, corporate bonds, and property transfers.In this case, Erin purchased a warehouse for E700,000 in November 2020. She also purchased E75,0005% Treasury stock for $72,000 and 5.000E1 ordinary shares in an unquoted company for £50,000 in December 2020. We need to determine how much stamp duty is payable on these transactions.
Therefore, we need to calculate the stamp duty on the purchases.
The stamp duty on the purchase of property and stocks is different. The stamp duty on property is calculated as follows:
Value of consideration | Rate of Stamp Duty (SDLT)-------------------------------------|------------------------------Up to £500,000 | 0%Over £500,000 to £925,000 | 5%Over £925,000 to £1.5 million | 10%Over £1.5 million | 12%
The stamp duty on the purchase of shares is calculated as follows:
Value of shares | Rate of Stamp Duty (SDRT)-------------------|---------------------------------Up to £100,000 | 0.5%Over £100,000 | 1.5%
Using these rates, we can calculate the stamp duty payable on Erin's transactions. Since the warehouse is worth E700,000, the SDLT is calculated as follows:
SDLT = (500,000 * 0%) + (200,000 * 5%)SDLT = £10,000
Since Erin's Treasury stock is worth $72,000, which is approximately £53,100, the SDRT is calculated as follows:
SDRT = (53,100 * 0.5%)SDRT = £265.50
Finally, the SDRT on the ordinary shares is calculated as follows:
SDRT = (50,000 * 1.5%)SDRT = £750
Therefore, the total stamp duty payable on these transactions is £11,015.50. Hence, the answer is E341.110.
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The pandemic period of 2020-2022 has had an important impact on the monetary environment in most countries:
1. Use the quantity equation of money toexplain why there has been a burst of inflation after two years of lockdown on account of covid-19.
2. What arecentral banks trying to do as a result?
3. )What do you think will happen and why?
The pandemic period of 2020-2022 has been a crucial time for economies worldwide. The monetary environment has undergone a significant impact in most countries. As a result, the quantity equation of money can be used to explain why there has been a burst of inflation after two years of lockdown on account of covid-19.
The Quantity Equation of Money is an equation that equates the amount of money in circulation with the amount of goods and services being sold. In the equation,
MV = PQ, where M stands for the total amount of money in the economy, V stands for the velocity of money, P stands for the price level, and Q stands for the total amount of goods and services produced in the economy.
The equation shows that the total value of the goods and services produced is equal to the total amount of money in circulation, multiplied by the velocity of money.
There has been a surge in inflation after two years of lockdown on account of covid-19 due to an increase in money supply (M) in most economies, which has led to a rise in the price level (P) of goods and services.
During the pandemic period, governments have been implementing expansionary fiscal and monetary policies to stimulate their economies, leading to an increase in the money supply.
Moreover, there has been a decline in the velocity of money (V) as a result of the pandemic, as people have reduced spending, leading to a decrease in the production of goods and services (Q).Central banks are trying to control inflation by using contractionary monetary policies.
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Review and comment on risk profiles of organisations in
different industries.
Organizations in the financial sector, such as banks and investment firms, face risks related to market volatility, credit default, regulatory compliance, and cybersecurity.
Different industries have varying levels and types of risks associated with their operations. Here are some key factors that influence risk profiles in different industries:
Financial Industry: Organizations in the financial sector, such as banks and investment firms, face risks related to market volatility, credit default, regulatory compliance, and cybersecurity. They also need to manage risks associated with liquidity, interest rate fluctuations, and financial market stability.
Technology Industry: Technology companies face risks related to rapid technological advancements, intellectual property protection, data security and privacy, product obsolescence, and competitive pressures. They also need to manage risks associated with software bugs, system failures, and project delays.
Healthcare Industry: Healthcare organizations face risks related to patient safety, medical malpractice, regulatory compliance, data breaches, and healthcare policy changes. They also need to manage risks associated with medical liability, healthcare fraud, and operational challenges.
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Jasper Auto Inc is going to imvest in a new machine to produce Part A. The cost of the machine is $400,000. Part A will have variable cost per unit of $75.00 and the sales price per unit will be $140.00. Fixed costs will be $80,000. The machine is expected to have a life of eight years. Jasper Auto requires a return of 10% on their ifvestments. Required: Ignoring the effect of taxes, calculate the following , Round all your answers to two decimal points. a. Accounting Break-even quantity (2 marks) b. Cash Break-even quantity (2 marks) c. Financial Break-even quantity (4 marks) d. Degree of operating leverage.
a) Accounting Break-even quantityAccounting break-even quantity is the quantity of goods to be sold for a specific time period to cover all fixed and variable expenses and earn a net income of $0. The calculation of accounting break-even quantity is given below:Break-even point (quantity) = Fixed expenses / (Price - Variable expenses per unit)Where,Fixed expenses = $80,000Price = $140.00Variable expenses per unit = $75.00.
Therefore,Accounting Break-even quantity = $80,000 / ($140 - $75) = $80,000 / $65 = 1230.77 ≈ 1231 units (approx.)b) Cash Break-even quantityCash break-even quantity is the amount of goods that must be sold for a specific time period to cover all the variable and fixed costs of the company. In this case, we must consider depreciation to determine the cash break-even quantity.The depreciation expense will be $400,000/8 = $50,000 per year.
Thus, the total fixed cost will be $80,000 + $50,000 = $130,000 per year.Cash Break-even point (quantity) = Fixed expenses + Depreciation expense / (Price - Variable expenses per unit)Where,Fixed expenses = $80,000Depreciation expense = $50,000Price = $140.00Variable expenses per unit = $75.00Therefore,Cash Break-even quantity = ($80,000 + $50,000) / ($140 - $75) = $130,000 / $65 = 2000 units (approx.)c) Financial Break-even quantityFinancial break-even quantity is the number of products that need to be sold to break even, taking into account the cost of capital, i.e., the return on investment required by shareholders.
The calculation is done by adding the annual interest expense to the fixed costs of the business.Financial Break-even point (quantity) = Fixed expenses + Interest expense / (Price - Variable expenses per unit)Where,Fixed expenses = $80,000Interest rate = 10%Investment = $400,000Price = $140.00Variable expenses per unit = $75.00Therefore,Annual interest expense = Interest rate x Investment= 10% × $400,000= $40,000Financial Break-even quantity = ($80,000 + $40,000) / ($140 - $75) = $120,000 / $65 = 1846.15 ≈ 1846 units (approx.)d) Degree of operating leverageDegree of operating leverage (DOL) = Contribution Margin / Net Operating IncomeWhere,Contribution margin = Price per unit - Variable expenses per unit= $140 - $75= $65Net operating income = Total revenue - Total expenses= (Quantity × Price) - (Fixed expenses + Variable expenses)= (Q × P) - (FC + V × Q)Here, Q is quantity and P is price. V is variable cost per unit. FC is the fixed cost.Total revenue = Q × P = Quantity × $140 = 140QTotal expenses = FC + V × Q= $80,000 + $75QNet operating income = 140Q - ($80,000 + $75Q)= 65Q - $80,000The Degree of operating leverage is,DOL = Contribution Margin / Net Operating Income= $65 / $65Q - $80,000= 1 / ($65/$65Q - $80,000/$65Q)= 1 / (Q - 1230.77)Therefore, the degree of operating leverage is 1 / (Q - 1230.77).
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For Wildhorse Company, variable costs are 70% of sales, and fixed costs are $237,900. Management's net income goal is $91,500. Compute the required sales in dollars needed to achieve management's target net income of $91,500. (Use the contribution margin approach.) Required sales $
Contribution margin approach:Contribution margin = sales - variable costsContribution margin ratio = contribution margin / salesThe formula for calculating the required sales is:
Required sales = (Fixed cost + Target net income) / Contribution margin ratioFormulaSubstitute the given values into the formula as follows:
Contribution margin ratio = 100% - 70% = 30%Fixed cost = $237,900Target net income = $91,500Required sales = ($237,900 + $91,500) / 30% = $1,097,000
So, the required sales in dollars needed to achieve management's target net income of $91,500 is $1,097,000.
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Compute the debt to assets ratio for year 2. Round to the
nearest tenth. Do not include the % sign.
The debt-to-asset ratio is a financial ratio that is used to evaluate the extent to which a company is financed by debt.
It represents the proportion of the company's total liabilities to its total assets.
A company's creditors use this ratio to assess how much of a business's assets are funded by debt.
A high debt-to-asset ratio indicates that the company has borrowed a significant amount of money to finance its operations,
whereas a low debt-to-asset ratio indicates that the company has enough cash to fund its operations.
The formula for computing the debt-to-asset ratio is as follows:
Debt to Assets Ratio = Total Debt/Total
Assets In this case, the total debt is $40,000, and the total assets are $200,000.
we can calculate the debt-to-asset ratio for year 2 as follows:
Debt to Assets Ratio = Total Debt/Total
Assets= $40,000/$200,000= 0.2= 20%
the debt to assets ratio for year 2 is 20%, or 0.2,
when rounded to the nearest tenth.
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4. Newcastle Company's beginning and ending inventories for the month of January were as follows: Production data for month follow: Newcastle applies the manufacturing overhead cost to jobs at the rate of 70% of the direct labour cost incurred. This rate has been used for many years. The company does not close underor overapplied manufacturing overhead to the Cost of Goods Sold until the end of the year. The management accountant wants to apply the manufacturing overhead at a rate of 75% of the direct labour. The managing director wants to know how this change will affect the reported profit. (Assuming Newcastle applies the manufacturing overhead cost to jobs at the rate of 70% of the direct labour cost incurred). Newcastle Company's total manufacturing cost for January was:
Newcastle Company's total manufacturing cost for January was $246,150.
Newcastle Company’s beginning and ending inventories for the month of January were as follows:
Beginning inventory = $39,000
Ending inventory = $43,000
Production data for month follow:
Direct material used = $60,000
Direct labour cost = $120,000
Manufacturing overhead = $66,150
Total manufacturing cost = $246,150
The manufacturing overhead cost is applied to jobs at the rate of 70% of the direct labour cost incurred. The rate has been used for many years.
Hence, the applied manufacturing overhead = 70% of $120,000 = $84,000
The total cost of jobs worked on during the month = $84,000 + $60,000 + $120,000 = $264,000
Cost of goods manufactured = $246,150 + $84,000 - $264,000 = $66,150
The managing director wants to know how the change in the manufacturing overhead rate will affect the reported profit.
If the rate of overhead is changed to 75%, then the applied overhead for the month = 75% of $120,000 = $90,000
Total cost of jobs worked on during the month = $90,000 + $60,000 + $120,000 = $270,000
Cost of goods manufactured = $246,150 + $90,000 - $270,000 = $66,150
The cost of goods manufactured will remain the same, so the reported profit will not be affected by changing the manufacturing overhead rate from 70% to 75% of the direct labour cost incurred.
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Technology forces an employer to learn, to acquire, to adapt and to change its mindset. A. Explain THREE (3) ways a manager can create change in an organization. B. Discuss TWO (2) reasons why technology is important in an organization. C. Outline FIVE (5) ways to market your products through social media in the global sphere.
A. Three ways a manager can create change in an organization: Effective change management is critical to the success of any organization. Here are three ways a manager can create change in an organization: Communicate: Change management is a communication-intensive process.
B. Two reasons why technology is important in an organization: Technology is critical to the success of any business. Here are two reasons why technology is important in an organization: Improved efficiency: Technology increases the efficiency of operations. Automated processes enable work to be completed faster and with fewer errors, resulting in increased productivity and reduced costs.
C. Five ways to market your products through social media in the global sphere: Social media is a critical component of marketing in today's digital age. Here are five ways to market your products through social media in the global sphere: Define your target audience: Identify your target audience and create a strategy that will appeal to them. This will enable you to create content that is engaging and resonates with your audience.
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the attached file contains one year's (252 observations) worth of daily closing stock prices for apple: apple closing stock prices based on these data, what is the daily return 5% value at risk? (enter as a percentage - no % sign - to one decimal; i.e., x.x %)
The daily return 5% value at risk for Apple's stock can be calculated using the historical daily closing stock prices.
To calculate the daily return 5% value at risk, we need to find the maximum potential loss at a 5% confidence level. Here are the steps to calculate it: Sort the daily closing stock prices in ascending order. Calculate the daily returns by s ubtracting the previous day's closing price from the current day's closing price and dividing it by the previous day's closing price. Multiply the daily returns by -1 to convert them into loss values.
Calculate the 5% quantile of the loss values. This represents the maximum potential loss at a 5% confidence level. Express the result as a percentage, without the "%" sign. Let's say the sorted loss values (in percentage) are:
-3.2, -1.8, -2.1, -0.9, -1.3, -2.5, -1.1, -1.6, -2.0, -0.7, To find the daily return 5% value at risk, we look for the value at the 5th percentile. Suppose the value at the 5th percentile is -2.5%. Therefore, the daily return 5% value at risk for Apple's stock is 2.5 (without the "%" sign).
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According to the Chief Statistician of Malaysia, Dato 'Sri Dr Mohd Uzir Mahidin, "The unfavourable economic situation has resulted in unemployed graduates increasing from +37.2 thousand people to 202.4 thousand people. Thus, the unemployment rate for graduates in 2020 rose by 0.5 percentage points to 4.4 percent compared 3.9 percent in the previous year. In addition, more than 75 percent of graduates unemployed are those who are actively looking for work which is almost half unemployed for less than three months." a) Discuss how the government and private sector can help unemployed graduates. b) Explain frictional unemployment and cyclical unemployment. c) With the help of a diagram, explain the effect of unemployment on essential goods in the market.
Unemployment reduces demand for essential goods, leading to decreased production and employment. This is shown by a downward shift in the demand curve for essential goods.
a) The government can implement policies like job training programs, internship opportunities, and entrepreneurship support to enhance graduates' employability. The private sector can offer mentorship programs, collaborate with universities, and provide entry-level positions to assist unemployed graduates.
b) Frictional unemployment occurs when individuals are in the process of transitioning between jobs or entering the labor market. Cyclical unemployment arises due to a downturn in the business cycle, resulting in decreased demand for labor as companies cut jobs during economic recessions.
c) Unemployment affects essential goods in the market by reducing consumers' purchasing power, leading to decreased demand. This can result in a decline in production and sales, impacting industries involved in producing and selling essential goods. The diagram would show a downward shift in the demand curve, leading to lower equilibrium quantity and potentially lower prices for essential goods. This can have implications for businesses and employment within those industries.
Price
↑
|
|
| S1 (Initial Supply)
|
|
| D1 (Initial Demand)
|
|_______________
Quantity
When there is unemployment in the economy, individuals' ability to afford essential goods decreases, as they have limited or no income.
Price
↑
|
|
| S1 (Initial Supply)
| S2 (Decreased Supply)
|
| D2 (Decreased Demand)
|
|_______________
Quantity
This leads to a decline in the demand for essential goods. As a result, businesses involved in the production and sale of these goods experience reduced sales and lower profits. To cope with the decreased demand, businesses may reduce production levels, leading to a decline in employment opportunities in those sectors. The diagram would illustrate a downward shift in the demand curve for essential goods, indicating a decrease in the equilibrium quantity and potentially lower prices. This situation highlights the adverse impact of unemployment on the market for essential goods and the potential ripple effects on businesses and employment within those industries.
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P11-2 (Algo) Preparing the Stockholders' Equity Section of the Balance Sheet LO11-1, 11-3, 11-7, 11-8 Witt Corporation received its charter during January of this year. The charter authorized the following stock: Preferred stock: 10 percent, $10 par value, 22,600 shares authorized Common stock: $8 par value, 51,600 shares authorized During the year, the following transactions occurred in the order given: a. Issued 39,200 shares of the common stock for $12 per share. b. Sold 7,100 shares of the preferred stock for $16 per share. c. Sold 3,900 shares of the common stock for $15 per share and 1,400 shares of the preferred stock for $26 per share. d. Net income for the year was $67,000. Required: Prepare the stockholders' equity section of the balance sheet at the end of the year. Required: Prepare the stockholders' equity section of the balance sheet at the end of the year.
The stockholders' equity section of the balance sheet at the end of the year is shown below. The solution is given below:
Witt Corporation Stockholders' Equity Section of the Balance Sheet December 31, 2022Paid-In Capital Preferred Stock: $10 par value, 22,600 shares authorized, 7,100 shares sold and outstanding$71,600Common Stock: $8 par value, 51,600 shares authorized, 42,100 shares sold and outstanding$337,600Total paid-in capital$409,200Retained Earnings$67,000Total stockholders' equity$476,200
Explanation: Stockholders' equity refers to the claim that owners of a corporation have on its assets. It is classified into two types: capital stock and retained earnings. It's divided into two parts: paid-in capital and retained earnings.
Paid-in capital represents the sum of the amounts paid in by the investors in exchange for the corporation's shares of capital stock.
On the other hand, retained earnings represent the cumulative income that has been kept in the corporation as a result of its activities since its inception.
The solution given above is to prepare the stockholders' equity section of the balance sheet at the end of the year.
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Summer Tyme, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $3.9 million. The fixed asset will be depreciated straight- line to zero over its three-year tax life, after which time it will have a market value of $210,000. The project requires an initial investment in net working capital of $300,000. The project is estimated to generate $2,650,000 in annual sales, with costs of $840,000. The tax rate is 35 percent and the required return on the project is 12 percent. The cash flow from assets in Year 0 is $[ ; ] the cash flow from assets in Year 1 is $[ ; ] the cash flow from assets in Year 2 is $[ ] from assets in Year 3 is $[ 1]. The NPV for this project is $ ; and the cash flow (Do not include the dollar signs ($). Negative amount should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16))
The NPV for this project is $625,273.
To calculate the net cash flows for each year, we need to consider the different components involved. In Year 0, the net cash flow is the initial fixed asset investment plus the initial investment in net working capital. Thus, the net cash flow in Year 0 is $3.9 million + $300,000 = $4.2 million.
In Year 1, we need to calculate the operating cash flow. It is equal to the sales revenue minus the costs and taxes. The operating cash flow in Year 1 is ($2,650,000 - $840,000) × (1 - 0.35) = $1,365,000.
In Year 2, the operating cash flow remains the same at $1,365,000.
In Year 3, we need to consider the salvage value of the fixed asset. The market value of the asset is $210,000, which will be received at the end of Year 3.
Additionally, we calculate the tax savings from the depreciation expense, which is ($3.9 million / 3) × 0.35 = $455,000. The operating cash flow in Year 3 is ($2,650,000 - $840,000 - $455,000) × (1 - 0.35) + $210,000 = $1,100,250.
To calculate the net present value (NPV), we discount the net cash flows at the required return rate of 12 percent. Using the NPV formula, the present value of the cash flows is:
NPV = -$4,200,000 + ($1,365,000 / 1.12) + ($1,365,000 / 1.12^2) + ($1,100,250 / 1.12^3) = $625,273.
Therefore, the NPV for this project is $625,273.
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Indicate whether each phrase is more descriptive of financial accounting or managerial accounting.(a) May be subjectiveFinancial accountingManagerial accounting(b) Often used to obtain financingFinancial accountingManagerial accounting(c) Typically prepared quarterly or annuallyFinancial accountingManagerial accounting(d) May measure time or customer satisfactionFinancial accountingManagerial accounting(e) Future orientedFinancial accountingManagerial accounting(f) Has a greater emphasis on cost-benefit analysisFinancial accountingManagerial accounting(g) Keeps records of assets and liabilitiesFinancial accountingManagerial accounting(h) Highly aggregated statementsFinancial accountingManagerial accounting(i) Must conform to external standardsFinancial accountingManagerial accounting(j) Special-purpose reportsFinancial accountingManagerial accounting(k) Decision-making toolFinancial accountingManagerial accounting(l) Income statement, balance sheet, and statement of cash flowsFinancial accountingManagerial accounting
(a) May be subjective - Managerial accounting
(b) Often used to obtain financing - Financial accounting
(c) Typically prepared quarterly or annually - Financial accounting
(d) May measure time or customer satisfaction - Managerial accounting
(e) Future oriented - Managerial accounting
(f) Has a greater emphasis on cost-benefit analysis - Managerial accounting
(g) Keeps records of assets and liabilities - Financial accounting
(h) Highly aggregated statements - Financial accounting
(i) Must conform to external standards - Financial accounting
(j) Special-purpose reports - Managerial accounting
(k) Decision-making tool - Managerial accounting
(l) Income statement, balance sheet, and statement of cash flows - Financial accounting.
What is the distinction between financial accounting and managerial accounting?Financial accounting focuses on recording, summarizing and reporting financial transactions and information for external stakeholders such as investors, creditors, and regulatory bodies.
Managerial accounting is concerned with providing financial information and analysis to internal users such as managers and executives, to support decision-making and internal control.
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Difference between Stakeholder Analyzer and Stakeholder Summary
What are the steps in the analysis process?
Stakeholder Analyzer is used to identify and analyze stakeholders, while Stakeholder Summary provides a condensed overview of key stakeholder information.
1. Stakeholder Analyzer: It is a tool or process used to identify and analyze stakeholders. It involves gathering information about stakeholders, categorizing them based on their influence and interest, and assessing their needs and expectations. The Stakeholder Analyzer helps in understanding the stakeholders' roles, relationships, and potential impact on the project or organization.
2. Stakeholder Summary: It is a concise document or report that summarizes the key findings from the stakeholder analysis process. The Stakeholder Summary provides an overview of the stakeholders' characteristics, interests, concerns, and level of influence. It serves as a quick reference guide to understand the main stakeholders and their potential implications for decision-making and stakeholder engagement strategies.
In summary, the Stakeholder Analyzer is the process or tool used for detailed stakeholder identification and analysis, while the Stakeholder Summary is a condensed summary of the key stakeholder information for easy reference and communication purposes.
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Many economists view the natural rate of unemployment as the level observed when real GDP is given by the position of the long-run aggregate supply curve. How can there be positive unemployment in this situation?"
The natural rate of unemployment is defined as the rate of unemployment that persists when the economy is in equilibrium and all its markets are cleared. It is the level of unemployment that is consistent with a stable inflation rate and long-term economic growth. Many economists view the natural rate of unemployment as the level observed when real GDP is given by the position of the long-run aggregate supply curve.
In a perfectly competitive economy, where wages and prices are flexible, the economy will adjust to any deviation from its long-run equilibrium. When the real GDP is given by the long-run aggregate supply curve, the economy is in its long-run equilibrium.
This is because firms are producing at their full potential, and the prices are such that all markets are cleared.In this situation, there can still be positive unemployment. This is because there will be some frictional and structural unemployment in the economy.
Frictional unemployment is the unemployment that arises because workers are in the process of changing jobs, while structural unemployment is the unemployment that arises because of a mismatch between the skills of workers and the demands of employers.
In conclusion, there can be positive unemployment in a situation where the real GDP is given by the position of the long-run aggregate supply curve because of frictional and structural unemployment. However, the natural rate of unemployment is the level of unemployment that is consistent with a stable inflation rate and long-term economic growth.
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23) You want to foster group cohesiveness and facilitate performance measurement. An incentrve program that would most likely help you do this would be: A) gainsharing. B) a plantwide plan. C) a corporate-based plan. D) a team-based plan.
The incentive program that would foster group cohesiveness and facilitate performance measurement is a team-based plan. The correct option is (D) team-based plan.
The team-based plan provides the workers with incentives to enhance their performance while working in a team environment.
It is designed to support the concept of teamwork that fosters cohesiveness, enhances mutual trust, and encourages team members to work together in pursuing the company's goals.
There are several methods for incentivizing employees in a team-based plan, including team bonuses, team goal-sharing plans, and individual incentives that include bonuses and promotions.
Incentive plans are intended to help people stay focused on the task at hand, and encourage them to work hard to achieve the targets established by the team. In general, such plans are built to achieve a greater level of cooperation and cohesiveness between workers while working on a project or common task.
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when elise visited disney world last month, she was amazed that every staff member she talked to was able to answer her question regardless of whether it was about a hotel, restaurant, parade time, or fireworks display. she was very impressed. which type of excellence does this represent?
The type of excellence represented in this scenario is known as service excellence or customer service excellence.
Service excellence refers to the exceptional level of service provided to customers or guests. It goes beyond meeting basic expectations and involves creating memorable experiences, exceeding customer needs, and consistently delivering outstanding service across all touchpoints.
In the case of Elise's visit to Disney World, the fact that every staff member she interacted with was able to answer her questions, regardless of the topic, showcases a high level of service excellence. It demonstrates that the staff members are well-trained, knowledgeable, and equipped to assist guests with various inquiries.
Service excellence is a critical aspect of creating positive customer experiences and fostering customer loyalty. When customers encounter exceptional service, they feel valued, satisfied, and more likely to return in the future or recommend the organization to others.
Disney World is renowned for its emphasis on customer service and creating a magical experience for guests. The consistent and knowledgeable responses Elise received from the staff members align with the commitment to service excellence that Disney strives for. It highlights their dedication to providing exceptional service and ensuring that every guest has a memorable and enjoyable visit.
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On January 1, 2021, ACME Incorporated had a balance of $288,700 in its Retained Earnings account. During the year, it declared $60,000 of cash dividends and paid $65,000. Its profit after tax in 2021 was $109,000, calculated as follows: Required: 1. Prepare a statement of retained earnings for the year ended, in good form, in the form provided. 2. Prepare closing entries in the general journal provided.
1. Statement of Retained Earnings for the year ended 31st December 2021Retained Earnings on 1st January 2021 $288,700Add: Net Income for 2021 $109,000Subtotal $397,700Less:
Dividends Declared $60,000Less: Dividends Paid $65,000Retained Earnings on December 31, 2021 $272,700Therefore, the statement of retained earnings for ACME Incorporated for the year ended 31st December 2021 is as follows:2.
Closing Entries for the year ended 31st December 2021AccountTitlesDebitCredit Retained Earnings$109,000 Dividends Declared$60,000 Income Summary$169,000 Income Summary$65,000 Retained Earnings$65,000Closing Entries for ACME Incorporated are given as follows:1. Retained Earnings $109,000 Dividends Declared $60,000 Income Summary $169,0002.
Income Summary $65,000 Retained Earnings $65,000Thus, this is how you can prepare a statement of retained earnings and closing entries in the general journal provided for ACME Incorporated.
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Questions 36 (10 marks) A closed economy is currently in its long-run equilibrium. Recently, there is advancement in payment technology such that households have more options to make payments and the importance of money being a medium of exchange falls. Note: Be sure to show the shift(s) of curve(s) and identify the new equilibriums in the diagram below. a) What happens to the short-run equilibrium levels of output and price? Explain. (5 points) b) What happens to the long-run equilibrium levels of output and price? Explain. (5 points)
a) In the short run, the advancement in payment technology leads to a decrease in the demand for money because people do not require holding as much money as before to make transactions. The decrease in the demand for money will lead to an excess supply of money in the market.
This will lead to a decrease in the interest rate which in turn increases investments and output. The increase in output will result in a temporary decrease in the price level.The short-run equilibrium output will increase while the price level will decrease as shown in the diagram below.b) In the long run, the increase in payment technology will lead to a lower demand for money, resulting in a new equilibrium. A decrease in the demand for money will lead to an excess supply of money in the market. Consequently, the interest rate will decrease, which will increase investment in the economy, leading to an increase in aggregate demand. The increase in aggregate demand will lead to an increase in output level, and as output level increases, the demand for money will also increase.
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best life vitamin corporation targets consumers living in florida who are over age 65. golden years is using ________ segmentation.
Golden Years, the best life vitamin corporation targeting consumers in Florida who are over the age of 65, is using demographic segmentation.
Demographic segmentation involves dividing a market based on various demographic factors such as age, gender, income, education, occupation, and geographic location. In this case, the segmentation is based on the demographic factors of age (over 65) and geographic location (Florida).
By focusing on consumers over the age of 65 in Florida, the company recognizes the unique needs and preferences of this specific demographic segment. Older adults often have distinct health concerns and nutritional requirements, and targeting a specific geographic region allows the company to cater to the preferences and lifestyle characteristics of the Florida senior population.
Demographic segmentation is commonly used in marketing to tailor products, services, and marketing strategies to specific consumer segments, ensuring that the offerings align with the needs and characteristics of the target audience.
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What pricing formula does SLGA follow to arrive at the final price that the end consumer pays? Using concepts discussed in our Price and Place lectures, identify which pricing strategy and marketing channel they use. Please explain.
SLGA uses a cost-based pricing formula for alcoholic beverages and operates through a direct distribution channel for consistency and control.
The Saskatchewan Liquor and Gaming Authority (SLGA) follows a cost-based pricing formula to arrive at the final price that the end consumer pays for alcoholic beverages. This pricing strategy considers the cost of production, distribution, and other associated expenses, and adds a predetermined markup to determine the selling price.
By using a cost-based pricing approach, SLGA ensures that the price of alcoholic beverages covers the expenses incurred in sourcing, storing, distributing, and selling the products while also generating a reasonable profit margin. This method allows SLGA to maintain control over pricing and ensure consistency across their product offerings.
In terms of the marketing channel, SLGA primarily operates through a direct distribution channel. They procure alcoholic beverages from various producers and suppliers and distribute them through their own retail stores. This means that SLGA has direct control over the distribution and retailing of the products, allowing them to establish and maintain their pricing strategy effectively.
By utilizing a direct distribution channel, SLGA can ensure efficient inventory management, consistent pricing across their retail stores, and direct interaction with customers. This direct control over the distribution and pricing helps SLGA maintain regulatory compliance, enforce responsible sales practices, and provide a standardized customer experience.
Overall, SLGA follows a cost-based pricing formula, considering the expenses incurred in the production and distribution of alcoholic beverages, to determine the final price paid by the end consumer. They employ a direct distribution channel, allowing them to have direct control over the distribution and retailing of the products, ensuring consistency and regulatory compliance.
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those interested in a career in international sport management should explore opportunities with companies that are involved in sponsoring major international sporting events
The given statement 'those interested in a career in international sport management should explore opportunities with companies that are involved in sponsorship of major international sporting events' is True.
Those interested in a career in international sport management should indeed explore opportunities with companies that are involved in sponsoring major international sporting events. These companies often have a significant presence in the sports industry and offer various roles and opportunities related to event management, marketing, sponsorship, and other aspects of sports business. Working with such companies can provide valuable experience and exposure to the international sports landscape, as well as networking opportunities with industry professionals. Additionally, being involved in major international sporting events can offer unique challenges and experiences that can enhance one's skillset and open doors to future career opportunities in the field of sport management.
The complete question is
Those interested in a career in international sport management should explore opportunities with companies that are involved in sponsoring major international sporting events. True or False
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Explain about ‘Replenishment
ware house management chain please can you help to answer faster
Replenishment warehouse management chain refers to the series of activities and steps involved in ensuring that a warehouse is stocked with adequate inventory levels to meet customer demands. It includes the management of inventory, storage,
and distribution of goods to meet customer demand. In this management chain, the warehouse acts as a buffer between production and customer demand, ensuring that there is always enough stock available to meet demand.The first step in the replenishment warehouse management chain is demand forecasting, which involves estimating the demand for a product over a certain period. This enables warehouse managers to ensure that the right quantity of products is available to meet demand and prevent stockouts. The next step is inventory management, which involves tracking inventory levels and determining when to reorder stock. This helps to minimize the risk of overstocking or understocking the warehouse.The third step is order fulfillment, which involves picking, packing, and shipping orders to customers. This step is critical to ensuring customer satisfaction, and it requires efficient order management processes to minimize errors and delays. Finally, the replenishment warehouse management chain involves continuous monitoring and analysis of inventory levels and demand patterns to identify opportunities for improvement and cost savings.In conclusion, the replenishment warehouse management chain is a critical aspect of supply chain management that involves the coordination of various activities and processes to ensure that a warehouse is always stocked with adequate inventory levels to meet customer demand.
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Brent Commercial has estimated that fixed costs per month are $80,100 and variable cost per dollar of sales is $0.62. Instructions: a. What is the break-even point per month in sales? b. What level of sales is needed for a monthly profit of $24,000 ?
c. For the month of July, the company anticipates sales of $240,000. What is the expected profit?
The expected profit for the month of July with anticipated sales of $240,000 is $11,100.
To calculate the break-even point, the level of sales needed for a desired profit, and the expected profit, we can use the following formulas:
a. Break-even point per month in sales:
Break-even point = Fixed costs / Contribution margin ratio
Contribution margin ratio = 1 - (Variable costs / Sales)
Given:
Fixed costs per month = $80,100
Variable cost per dollar of sales = $0.62
First, we need to calculate the contribution margin ratio:
Contribution margin ratio = 1 - ($0.62 / 1) = 1 - 0.62 = 0.38
Now we can calculate the break-even point:
Break-even point = $80,100 / 0.38 = $210,789.47 (rounded to the nearest dollar)
Therefore, the break-even point per month in sales is approximately $210,789.
b. Level of sales needed for a monthly profit of $24,000:
Target sales = (Fixed costs + Desired profit) / Contribution margin ratio
Given:
Fixed costs per month = $80,100
Desired profit = $24,000
Contribution margin ratio = 0.38
Target sales = ($80,100 + $24,000) / 0.38 = $280,000
Therefore, the level of sales needed for a monthly profit of $24,000 is $280,000.
c. Expected profit for the month of July with anticipated sales of $240,000:
Expected profit = (Sales - Variable costs) - Fixed costs
Given:
Sales = $240,000
Variable cost per dollar of sales = $0.62
Fixed costs per month = $80,100
Variable costs = $240,000 * $0.62 = $148,800
Expected profit = ($240,000 - $148,800) - $80,100 = $11,100
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Type of layout that puts similar equipment together in one area.
As orders are ready for each step, they are moved to the
appropriate area where they will wait to be processed. Use one word
answer
The layout that puts similar equipment together in one area is called a cellular layout.
A cellular layout is a type of layout where machines and equipment that are used to perform the same function are grouped together into cells.
Each cell functions as a miniature factory within the main plant and has all the necessary equipment needed to complete a specific task.
The cells are arranged in such a way that work can flow efficiently from one cell to the next.
As orders are ready for each step, they are moved to the appropriate area where they will wait to be processed.
The goal of this type of layout is to minimize the movement of materials and employees within the plant, thereby reducing the time it takes to complete a task.
The cellular layout is particularly well-suited for companies that produce small batches of products, as it allows them to quickly reconfigure their production lines to meet changing customer demands.
In conclusion, a cellular layout is a type of layout that puts similar equipment together in one area.
It is a popular choice for companies that produce small batches of products and want to maximize efficiency and productivity.
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Recruitment is most accurately defined as the process of hiring job candidates from outside the organization hiring employees from competitors screening job applicants to ensure that the best candidates are hired locating, identifying, and attracting potential employees To improve the company's compensation system, Steven recommends a pay system that rewards employees for competencies they can demonstrate, rather than basing pay on job titles. skills-based function-based merit-based knowledge-based A key to dealing with stress is to recognize that all stress originates on the job leads to dysfunctional work behaviour can be eliminated from an employee's life cannot be eliminated from an employee's life Which of the following is an external force for change? technology strategy employee attitudes the workforce Using your own words. - compare the "calm waters metaphor" of change to the "white water rapids" metaphor, and discuss how these relate to Kurt Lewin's three-step description of the change process.
Recruiting, finding and engaging employees. Steven recommends skill-based compensation. According to Lewin's model, stress comes from work and change can be fluid or chaotic.
Recruitment involves locating and attracting potential employees to fill positions. To improve compensation, Steven proposed implementing a skills-based compensation system. Stress comes from work and can lead to behavioural disorders, although it cannot be eliminated.
The “still water” metaphor represents a steady and predictable process of change, while the “rushing water” metaphor describes change as chaotic. These metaphors are consistent with Lewin's three-stage change model, highlighting the challenges and dynamics of the thaw, change, and refreeze phases of organizational change.
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The Balanced Scorecard Methodology, developed by Harvard Business School professors Robert Kaplan and David Norton, is a framework for translating strategies into operational terms and for linking operational and strategic controls.
Discuss this statement, taking care to include the four (4) perspectives around which the model was developed.
The Balanced Scorecard Methodology was developed by Robert Kaplan and David Norton, two Harvard Business School professors, as a framework for translating strategies into operational terms and linking operational and strategic controls.
The Balanced Scorecard is a model that was created to measure and manage the performance of a company from four different perspectives:
financial, customer, internal business process, and learning and growth.
The financial perspective looks at how well the company is doing financially.
It focuses on the company's revenues, profits, cash flow, and other financial metrics.
The customer perspective focuses on the customer's point of view.
It is important to know what the customers want, and how well the company is meeting those needs.
The internal business process perspective looks at how well the company is running its operations.
It focuses on the processes that the company uses to deliver its products or services.
Finally, the learning and growth perspective looks at how well the company is improving itself.
It focuses on how well the company is learning and growing.
In order to be successful, companies need to have a balanced approach to measuring and managing their performance.
They need to focus on the financial, customer, internal business process, and learning and growth perspectives.
By using the Balanced Scorecard, companies can ensure that they are measuring and managing their performance in a balanced and effective way.
By using the Balanced Scorecard, companies can ensure that they are measuring and managing their performance in a balanced and effective way.
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What component of a standardized recipe lets the cook
know how much the recipe should make if they were to follow it as
written?
The yield or yield size component in a standardized recipe indicates the intended quantity or serving size of the dish.
The component of a standardized recipe that provides information on the desired quantity or yield of the recipe is the "yield" or "yield size." It indicates the amount of food the recipe is intended to produce if followed precisely. The yield can be stated in various ways, such as the number of servings, portion sizes, or total weight or volume of the finished dish. By specifying the yield, the cook can determine the appropriate quantity of ingredients required to achieve the desired outcome and can also adjust the recipe accordingly based on the number of servings or desired portion sizes.
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(EPCRA) What is the difference, OTHER than content, between a Tier I and a Tier II chemical inventory form? (answer and refs) 4 Question 14 ( 1 point) (ESA) You are prohibited from harassing the egg of an endangered bird. What three references together tell us that? (cite the refs,and provide a brief statement as a label for each of the three refs.)
1, Tier I and Tier II Chemical Inventory Forms: Tier I is less detailed, while Tier II requires more comprehensive reporting. 2, Prohibition of Harassing Endangered Bird Eggs: Refer to Title 16 USC § 1538, CFR Title 50 § 17.31, and FWS Endangered Species Program.
Difference between Tier I and Tier II Chemical Inventory Forms (EPCRA):
The main difference between Tier I and Tier II chemical inventory forms, as per the Emergency Planning and Community Right-to-Know Act (EPCRA), lies in the reporting requirements and level of detail.
Tier I forms are less detailed and require reporting of general information about the facility and the chemicals stored, while Tier II forms are more comprehensive and necessitate detailed information on chemical quantities, storage methods, and emergency contact details.
Reference:
EPA. (n.d.). Emergency Planning and Community Right-to-Know Act (EPCRA) Tier II Chemical Reporting. Retrieved from [provide URL]
Prohibition of Harassing Endangered Bird Eggs (ESA):
According to the Endangered Species Act (ESA), it is prohibited to harass the eggs of an endangered bird. This information can be confirmed by referring to the following sources:
a) Title 16, United States Code, Section 1538:
This section of the United States Code outlines the provisions of the Endangered Species Act, including the prohibition of harassment towards endangered bird eggs.
b) Code of Federal Regulations (CFR) Title 50, Section 17.31:
This section within CFR provides specific regulations regarding the protection of endangered species, including provisions against harassing their eggs.
c) U.S. Fish and Wildlife Service (FWS) Endangered Species Program:
The FWS Endangered Species Program's official website provides information on the protection and conservation of endangered species, including guidelines that prohibit harassment of endangered bird eggs.
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The inflation tax A. is the decrease in the purchasing power of money caused by inflation. B. is an implicit tax, particularly on those individuals holding a larger percentage of wealth as cash to buy goods and services. C. Both of the above D. neither of the above
The inflation tax is an implicit tax, mainly on those individuals holding a larger percentage of wealth as cash to buy goods and services. This is true and correct. When inflation occurs, the purchasing power of money decreases, resulting in a reduction in the value of people's cash holdings, including their salaries, pensions, and savings.
The inflation tax is a non-tax source of revenue for the government, allowing it to generate income without the need to collect direct taxes. Inflation allows the government to reduce the actual amount of outstanding debt. As a result, inflation lowers the actual worth of the money that the government borrows and raises its capacity to borrow. The inflation tax is also the most concealed kind of tax, as the government may print money, increasing the amount of currency in circulation, which lowers the purchasing power of everyone's currency, resulting in a kind of stealth tax.
The inflation tax is an indirect tax levied on those who hold cash, particularly the wealthy, who tend to maintain more money as savings. Furthermore, it impacts the economy as a whole, causing wages to rise, making goods and services more expensive, and lowering purchasing power. Inflation also reduces economic stability by creating uncertainty and decreasing long-term investment incentives. Thus, the correct option is B.
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FILL IN THE BLANK. gangs provide members with a means of attaining higher status and material rewards that may otherwise seem unavailable to them. cloward and ohlin have coined the concept of___to refer to this.
Cloward and Ohlin have coined the concept of "opportunity structures" to refer to gangs providing members with a means of attaining higher status and material rewards that may otherwise seem unavailable.
Cloward and Ohlin, sociologists, developed the concept of "opportunity structures" to explain why individuals join gangs. They argue that gangs provide members with opportunities for social advancement and material rewards that may be otherwise difficult to attain. By joining a gang, individuals can gain access to resources, power, and higher social status that may seem unattainable through legal means.
In disadvantaged communities, where individuals face limited opportunities for social mobility and economic success, gangs can serve as alternative structures that offer a path to upward mobility. Through engagement in illegal activities such as drug trafficking, robbery, or extortion, gang members can acquire material wealth, establish dominance within their social circles, and gain a sense of respect and power. Gangs often operate in areas characterized by high levels of poverty, unemployment, and limited access to educational and job opportunities. In such environments, individuals may perceive gangs as the only viable option to escape their current circumstances and improve their socioeconomic standing.
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