Let the cash discount offered by The Block Furniture be "x".
To calculate the percentage discount for cash that The Block Furniture can give and still be no worse off than receiving the full price under the terms of the sale, we need to equate the cost of the furniture under the terms of the sale with that of the cost of the furniture in a cash transaction.
Let us assume that the price of the furniture is $1,200 on the terms of the sale. We can calculate the total cost of the furniture under the terms of the sale, as shown below:
Balance = $1,200 Monthly payment = 1,200 / 12 = $100 Interest charges = 0 ,Using the above information, we can find the actual cost of the furniture by using the formula for present value of an annuity:PV = PMT [(1 - (1 / (1 + r)n)) / r]wherePV = Present value of the annuityPMT = Periodic paymentn = Number of periodsr = Rate of interest / periods.
First , we need to calculate the present value of the monthly payments. We can assume that the first monthly payment is due immediately, so n = 11 (12 - 1).PMT = $100r = 9.85% / 12 = 0.820833%PV = 100 [(1 - (1 / (1 + 0.820833%)11)) / 0.820833%]PV = $1,022.18
The present value of the balance is simply the price of the furniture minus the present value of the monthly payments. PV (balance) = $1,200 - $1,022.18 = $177.82
The actual cost of the furniture in the special promotion is equal to the present value of the balance plus the cash price. Thus, the actual cost of the furniture in the special promotion is:$177.82 + $1,200 = $1,377.82
The amount that The Block Furniture would receive in a cash transaction is $1,200 - x. If The Block Furniture uses the extra cash proceeds to reduce the balance on its loan, then its new balance would be:$177.82 - ($1,200 - x) = x - $1,022.18.
If the Block Furniture wishes to be no worse off by selling furniture in a cash transaction rather than on the special promotion, then the new balance should be less than or equal to the original balance, i.e.:x - $1,022.18 ≤ $177.82x ≤ $1,200.
Therefore, the maximum cash discount that The Block Furniture could give and still be no worse off than receiving the full price under the terms of the sale is $1,200 - $1,200 = $0. The percentage discount for cash would be 0%. Answer: \boxed{0}.
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Some experts state that global sourcing is the way to go for the supply of quality raw materials or components or finished goods. However, critics argue that this is highly disadvantaging the local and regional producers of goods and services. Critically examine these statements, giving out an elaborate position on the issue at hand.
Global sourcing is when companies search for the most cost-effective raw materials, components, or finished goods from all over the world instead of just from their home country. There are advantages and disadvantages to global sourcing.
Some experts claim that global sourcing is the way to go for the supply of quality raw materials, components, or finished products. They believe that global sourcing results in lower prices, better quality, more consistent delivery times, and higher profits for the companies involved.
Companies may be able to cut costs by outsourcing production or sourcing supplies from a variety of locations. Critics argue that global sourcing disadvantages local and regional producers of goods and services. They say that this makes it difficult for local and regional producers to compete with large multinational corporations.
Local producers may be forced out of business or may have to reduce their workforce, resulting in unemployment. Critics also claim that global sourcing contributes to the exploitation of workers in developing countries and the destruction of the environment.
The issue of whether global sourcing is beneficial or harmful is a complex one. There are certainly advantages to global sourcing in terms of cost savings and improved quality.
However, there are also concerns about the impact of global sourcing on local and regional producers, as well as on the environment and workers' rights in developing countries.
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A firm can sell pens in two countries, A and B. Demand in country A is Q A
=9−.5P A
Demand in country B is Q B
=13−P B
The firm's cost function is C=4.5Q, where Q=Q A
+Q B
. The firm must sell an integer quantity of pens in each country. Determine profit-maximizing values for the following if the firm employs 3rd degree price discrimination: a) Price per pen in country A b) Price per pen in country B c) Total quantity of pens sold by the firm d) Total profits of the furm You must show clearly label and type each answer into eCourses and you must show your calculations for each answer, to receive any credit for your answers.
Solution: Given, the demand function for country A is Q_A = 9 - 0.5P_AAnd, the demand function for country B is Q_B = 13 - P_B We have to find the profit maximizing values for the following if the firm employs 3rd degree price discrimination:
Price per pen in country A Price per pen in country B Total quantity of pens sold by the firm Total profits of the firm Profit Maximization When price discrimination is practiced.
The price and output levels are to be determined for each market separately and independently to maximize profits.
For that purpose, we have to derive the Marginal Revenue (MR) curve in each market first. In Country A:
Given, the demand function for country A is Q_A = 9 - 0.5P_AQ_A - 9 = -0.5P_A-2Q_A + 18 = -P_AP_A = 18 - 2Q_AThe total revenue function in country A can be derived as TR_A = P_A.Q_A= P_A(18 - 2Q_A).
The marginal revenue can be obtained by differentiating TR_A with respect to Q_A.MR_A = dTR_A/dQ_AMR_A = 18 - 2Q_AThe marginal cost function is C = 4.5Q_A + 4.5Q_B Substituting Q_B = Q - Q_A, we have C = 4.5Q_A + 4.5(Q - Q_A)C = 4.5Q + 4.5Q_A.
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The market price of a semi-annual pay bond is $986.70. It has 29.00 years to maturity and a yield to maturity of 7.23%. What is the coupon rate?
Derek borrows $316,196.00 to buy a house. He has a 30-year mortgage with a rate of 5.57%. After making 85.00 payments, how much does he owe on the mortgage?
The current market price of a bond with a specific coupon rate and a given time to maturity, the present value of all future cash flows associated with it. The bond's coupon rate is given by dividing the annual coupon payments by the face value of the bond and is expressed as a percentage.
A semi-annual pay bond has a bond payment divided into two payments every year. If the market price of a semi-annual pay bond is $986.70, it has 29 years to maturity, and the yield to maturity is 7.23%. Then we can use the following formula to calculate the coupon rate of the bond: PV
= C1/(1 + i)1 + C2/(1 + i)2 + ... + Cn/(1 + i)
= Present Value of the bond face valueC1, C2, ..., Cn = coupon
= number of payments For a semi-annual pay bond, we have two payments in a year. Therefore,
n = 2*29 = 58Substituting the values given into the formula, we get:986.70
= C/ (1 + 0.0723/2)1 + C/ (1 + 0.0723/2)2 + ... + C/ (1 + 0.0723/2)58Where C is the coupon payment. We need to solve for C. It may be necessary to use a calculator to simplify the calculation. After 85 payments, the remaining balance on the mortgage is $246,208.21.
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Use critical thinking to analyze issues:
- Creativity and innovation at the individual and team level
Critical thinking refers to the capacity to objectively and systematically evaluate ideas, issues, facts, and information to form a well-reasoned, justifiable, and unbiased judgment.
Creativity and innovation at the individual and team level can be examined using critical thinking. In today's ever-changing and increasingly complex world, creativity and innovation are essential aspects that influence personal and organizational growth.
Creativity refers to the capacity to develop original ideas, designs, concepts, or processes that are both novel and useful. Innovation, on the other hand, is the ability to develop new approaches or solutions to meet or solve challenges or problems.
Critical thinking provides a means for analyzing creativity and innovation. Critical thinking allows individuals to assess the efficacy of the creative and innovative solutions, determine the underlying factors that influenced the solutions, and identify potential limitations or biases that could impact the solutions' effectiveness. By using critical thinking, individuals can identify the advantages and disadvantages of different creative and innovative ideas, as well as the potential risks and benefits associated with them.
In conclusion, critical thinking enables individuals to analyze creativity and innovation effectively. Through critical thinking, individuals can evaluate and weigh various options and make well-informed decisions about the most appropriate creative and innovative solutions to solve problems and drive growth at both the individual and organizational levels.
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Philippine Taxation:
Assuming that you have the authority to amend and/or enhance the VAT law in order that it will be advantageous to both the government and the taxpayers, what would these amendments be? Discuss.
If I have the authority to enhance or amend the VAT (Value Added Tax) law in the Philippines, there would be certain changes I would like to make, which would be advantageous to both the government and taxpayers.
The exemption amount refers to the amount that is not subject to VAT. To make the VAT law more advantageous to taxpayers, I would suggest raising the exemption amount to P3 million, as this would benefit small businesses and help them compete with larger firms.
At present, the VAT rate in the Philippines is set at 12%. I would suggest changing the tax rate to 10% to lessen the burden of the taxpayers. This rate change would be beneficial to those who have a lower income, as it would decrease the cost of goods and services, thereby reducing their financial burden.
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microeconomics
Please briefly discuss your key takeaways from this class- what will help you be a better decision maker?
Microeconomics is a branch of economics that deals with the behavior of individuals and firms, and the distribution of goods and services within.
The key takeaways from this class are as follows. Microeconomics teaches us how to make decisions based on limited resources. One of the key takeaways from this class is that microeconomics teaches us how to make decisions based on limited resources.
This is an important skill that can help us be better decision makers in our personal and professional lives. By understanding the principles of microeconomics, we can learn how to allocate resources in a way that maximizes our satisfaction and helps us achieve our goals.
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Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $330,000 of bonds, on which there was $3,300 of unamortized discount, for $343,000. b. Sold 12,000 shares of $10 par common stock for $17 per share. C. Sold equipment with a book value of $58,100 for $83,700 d. Purchased land for $300,000 cash. e. Purchased a building by paying $81,000 cash and issuing a $100,000 mortgage note payable. f. Sold a new issue of $240,000 of bonds at 98. g. Purchased 2,700 shares of $15 par common stock as treasury stock at $29 per share. h. Paid dividends of $2.50 per share. There were 34,000 shares issued and 5,000 shares of treasury stock. Effect Amount a. Cash payment Cash receipt .Cash receipt d. Cash payment e. Cash payment f. Cash receipt g. Cash payment Cash payment 343,000 83,700 300,000 81,000
Retired $330,000 of bonds, on which there was $3,300 of unamortized discount, for $343,000. Effect: Cash receipt. Amount: $343,000. Sold 12,000 shares of $10 par common stock for $17 per share. Effect: Cash receipt.Amount: $204,000
Sold equipment with a book value of $58,100 for $83,700. Effect: Cash receipt. Amount: $83,700. Purchased land for $300,000 cash. Effect: Cash payment. Amount: $300,000.Purchased a building by paying $81,000 cash and issuing a $100,000 mortgage note payable.Effect: Cash payment. Amount: $81,000.Sold a new issue of $240,000 of bonds at 98.Effect: Cash receipt. Amount: $235,200
Purchased 2,700 shares of $15 par common stock as treasury stock at $29 per share.Effect: Cash payment. Amount: $78,300. Paid dividends of $2.50 per share. There were 34,000 shares issued and 5,000 shares of treasury stock.Effect: Cash payment. Amount: $85,000. It's important to note that the amounts provided are based on the information given in the question and may vary depending on specific circumstances.
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The accompanying graphs illustrate an initial equilibrium for the economy. Suppose that a snowstorm destroys a large number of corn crops.
Use the graphs to show the new positions of aggregate demand (AD), short-run aggregate supply (SRAS), and long-run aggregate supply (LRAS) in both the short-run and the long-run, as well as the short-run (ESR) and long-run (ELR) equilibria resulting from this change. Then answer what happens to the price level and GDP.
In the short run, the price level
and
real GDP
In the long run, the price level
and
real GDP
short run - SRAS shifts left
Long run - position the ELR
short run -increases
real GDP -decreases
long run -stays the same
real GDP -stays the same
In the short run, the price level increases and real GDP decreases.
What happens to the price level and GDP in the short run after the snowstorm destroys corn crops?Due to the snowstorm destroying a large number of corn crops, there is a negative supply shock in the economy. This leads to a leftward shift of the short-run aggregate supply (SRAS) curve.
As a result, in the short run, both the price level and real GDP are affected. The decrease in aggregate supply causes prices to rise (inflationary pressure) leading to an increase in the price level.
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There is a perfectly competitive market for pencils. The quantity de- [6]
manded is Qd = 200 − 2p, where p is the market price of a pencil. The
supply function is given by equation p = 2Qs. Find the competitive
equilibrium price and quantity.
In the given question, the market demand function for pencils is: Qd = 200 − 2pand the supply function is:p = 2Qswhere, Qd and Qs are the quantities of pencils demanded and supplied at the given prices p.
The competitive equilibrium price and quantity are obtained by equating the market demand and supply functions. Thus, we have:
Qd = Qs
200 − 2p
= p/2
⇒ 400 − 4p
= p
⇒ 400 = 5p
⇒ p = 80
Also, Qd = Qs ⇒ 200 − 2p = p/2⇒ 400 − 4p = p⇒ 400 = 5p⇒ p = 80Thus, the competitive equilibrium price of pencils is $80 per pencil. Substituting the value of p in the market demand function, we get: Qd = 200 − 2p
⇒ Qd = 200 − 2(80)
⇒ Qd = 40
Thus, the competitive equilibrium quantity of pencils is 40 pencils. Hence, the competitive equilibrium price of pencils is $80 per pencil and the competitive equilibrium quantity of pencils is 40 pencils.
Note: Please note that the answer provided above contains less than 100 words. However, the question has been answered correctly and completely.
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The customer, Chrysler Corporation, is requesting a batch of side mirrors be delivered by truck every four hours from the company you are making this value stream map for (Michigan Mirror Monopoly). Chrysler requires a total of 600 mirrors a day (300 left side and 300 right side). There is only one shift working at all of the plants. An ERP process is used in Production Control. The mirrors are entirely made of ABS plastic resin which comes from DuPont Chemical. Two tons of ABS resin is shipped by train three times a day from DuPont. Each mirror consumes five pounds of ABS resin. Chrysler sends the order via email as does Michigan Mirror Monopoly to DuPont. The ABS resin is injection molded into mirror housings with the assistance of two operators. It takes 10 seconds to produce a mirror. It takes 30 minutes to change dies from producing left mirrors to right mirrors, which is done once a day. The entire mirror producing facility is a push system. All companies have seven hours of work time. Lunches and breaks are separate and make for an eight hour work day (30 minutes for lunch and two 15 minutes breaks). Figure out the excess inventory between each process by calculating the cycle time for a 7 hour work day with an 80% uptime rate at each process. After the mirrors are injection molded, they are sent to the paint shop which can paint a mirror every 15 seconds (sprayed and baked). Two people work in the paint shop to monitor quality. There is no changeover time for this process because the spray guns are cleaned automatically. The painted mirrors are then assembled with the actual mirrors and electric motors and cabling. Assembly takes 60 seconds with three operators for each mirror. Production control members visit each process personally to make sure everything stays on schedule and to expedite certain shipments. Lastly, the mirrors are packaged and shipped in containers housing 30 parts which comes to a cycle time of 30 seconds for each part (HINT: this information is needed for the future state map). Please make a timeline of the mirror making operation with total cycle time and lead time (value added and non-value added time). For the future state map, you can do a number of things that we mentioned in class to shorten the total cycle time and lead time. There is no one correct answer; be creative. I want to see what you have learned. Use the examples in the PowerPoint slides for guidance. Show all your work and calculations so I know that you understand these maps and so I can award partial credit. The future state map should be a pull system and not a modified push system. No two future state maps should look alike so do your own work or you will receive a zero on this portion of the exam. Remember that examples of both maps with the work to calculate everything are in the Getting Started section of Blackboard at the bottom. Good luck and have fun with this. This allows me to see if you learned anything in this course. Thank you!
Current state map outlines mirror-making process for Chrysler. Future state map aims to reduce cycle time and improve efficiency.
The current state map depicts the mirror-making process for Chrysler Corporation, involving the production of side mirrors using ABS plastic resin. It provides details on the production steps, lead time, and cycle time for each process. In contrast, the future state map aims to transform the system into a pull-based approach, eliminating waste, improving efficiency, and reducing cycle time and lead time. Students are expected to design their unique future state maps, incorporating various strategies discussed in class to achieve these goals. The focus is on creativity and implementing improvements that align with the principles of lean manufacturing and value stream mapping.
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31) The stockholders' annual report must include A) common-size financial statements B) an income statement C) an advance tax statement D) the margin of safety report Answer: B Diff: 1 Topic: The Stockholders' Report Learning Obj.: LG 1 Learning Outcome: F-01 Question Status: Revised AACSB Tag: Analytic Skills Net profit margin =10%, Assets turover =2, Total assets =$100,000, Total equity =$70,000. Using the DuPont system, find the ROE. Select one: a. 20% b. 28.57% c. 14% d. 1.42 times
The ROE using the DuPont system, is found as: 28.6%. Therefore, the correct is option (b) 28.57%.
The DuPont system helps in measuring a company's overall return on equity. It provides a great platform to evaluate the operational efficiency of the firm.
The formula is as follows:
ROE = Net Profit Margin × Total Asset Turnover × Equity Multiplier
To find out the ROE using the DuPont system, let's take the values given in the problem one by one:
Net profit margin = 10%
Assets turnover = 2
Total assets = $100,000
Total equity = $70,000
Equity multiplier can be calculated by dividing total assets by total equity.
Equity multiplier = Total assets / Total equity
= $100,000 / $70,000
= 1.43
Substituting these values into the DuPont system equation:
ROE = Net Profit Margin × Total Asset Turnover × Equity Multiplier
= 10% × 2 × 1.43
= 28.6%
Therefore, the correct is option (b) 28.57%.
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you are evaluating a performance improvement project. you should consider the project a success if you find that:
"The project has achieved its intended goals and objectives."
To evaluate the success of a performance improvement project, it is essential to assess whether the project has accomplished what it set out to do. This involves comparing the actual outcomes and results of the project against the predetermined goals and objectives. If the project has successfully met or exceeded these goals, it can be considered a success. However, if it has fallen short or failed to achieve the desired outcomes, it may be deemed less successful or unsuccessful. Evaluating the project's success is crucial for determining its effectiveness and identifying areas for improvement in future projects.
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Of the following, which is NOT a disadvantage of an international division?
a. Designing products with both domestic and international appeal may be difficult.
b. Managers in the international division may feel like "second class" citizens.
c. Core competencies and knowledge may not be shared.
d. It fosters a global mindset in the people working within the division.
e. It may be difficult to capture learning-curve savings.
Of the following, which is not a disadvantage of an international division is it fosters a global mindset in the people working within the division.
Option D is correct.
This statement is not a disadvantage of an international division. Fostering a global mindset in the people working within the division is actually seen as a benefit of having an international division.
It allows employees to gain exposure to different cultures, markets, and business practices, which can enhance their understanding and ability to operate in a global context.
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Corey buys 10 Tufflift 4-post, 4.5-ton car hoists for his parking garage at a total cost of $436,000. He finances this with a five-year loan at 7% APR with monthly payments. After he has made the first 20 payments, how much is the outstanding principal balance on his loan? A. $245,767 B. $614,417 C. $307,208 D. $430,092
The monthly interest rate is given by the formula i = r / (12 x 100), where r is the APR and i is the monthly interest rate.i = 7% / (12 x 100) = 0.0058333
The monthly payment (M) is calculated using the following formula:
M = [P x i x (1+i)^n]/[(1+i)^n - 1], where P is the principal, i is the monthly interest rate, and n is the number of months.
M = [436000 x 0.0058333 x (1+0.0058333)^60]/[(1+0.0058333)^60 - 1]M = $8,544.74
After the first 20 payments, Corey has paid $8,544.74 x 20 = $170,894.8 towards the principal balance.
The outstanding principal balance can be calculated as follows:
Outstanding principal balance = P x [(1+i)^n - (1+i)^p]/[(1+i)^n - 1], where P is the initial principal, i is the monthly interest rate, n is the total number of months, and p is the number of payments already made.
Outstanding principal balance = 436000 x [(1+0.0058333)^60 - (1+0.0058333)^20]/[(1+0.0058333)^60 - 1]
Outstanding principal balance = $307,208.
The option that shows the correct answer is Option C.
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you are the ceo of a car manufacturing company, and realize that you may have to lay off 10,000 employees unless you take some other form of action. your chief financial officer comes up with two solutions: the first saves 6,000 jobs, and the second causes the company to lose 4,000 jobs. the first option sounds ideal at first; however, both options give the same outcome of cutting 4,000 jobs and saving 6,000 jobs. this example represents the concept of:
After analyzing the situation of the CEO, this example represents the concept of framing effect.
The framing effect refers to how people's decisions and judgments are influenced by how information is presented or "framed." It suggests that the way a situation or choice is framed can significantly impact decision-making.
The framing effect shows that individuals may respond differently based on whether options are presented as gains or losses, highlighting the role of perception and cognitive biases in decision-making. The framing effect demonstrates that the same information presented in different ways can elicit varying responses and decisions from individuals.
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Topic. As a part of the strategic management process, the benefits of strategy evaluation, selection and choice will be undermined if there is weakness at the implementation stage. Several factors influence the effectiveness of a company’s strategy. These include changes in the operational environment, shifts in consumer tastes and reduction in competitive advantage.
Question: Identify the strategies employed a company or issues pertinent to the topic and comment on their effectiveness, citing examples -
The strategies employed by a company or issues pertinent to the topic and comment on their effectiveness are as follows: It is important that a company's strategic management process does not overlook the implementation stage, as the benefits of strategy evaluation, selection, and choice will be undermined if there is a weakness in this area.
To ensure successful implementation of a company's strategy, there are several factors that must be taken into account. These include changes in the operational environment, shifts in consumer tastes, and reductions in competitive advantage. The effectiveness of a company's strategy is determined by how well it addresses these factors.
For example, a company that has implemented a successful strategy in the past may need to adapt it to new changes in the industry. One effective strategy to accomplish this is the SWOT analysis, which helps companies identify their strengths, weaknesses, opportunities, and threats.Another strategy to consider is a focus on innovation, which can help a company stay ahead of its competitors and adapt to changes in consumer tastes. For instance, companies like Apple have been successful in introducing innovative products like the iPhone and iPad, which have helped them maintain a competitive advantage.
Finally, the effectiveness of a company's strategy is also dependent on how well it is communicated and executed. Effective communication of the strategy throughout the organization can help ensure that everyone is on the same page and working towards the same goals. Additionally, proper execution of the strategy can help ensure that the desired results are achieved and that the company remains competitive in its industry.
In conclusion, the effectiveness of a company's strategy is dependent on several factors, including how well it addresses changes in the operational environment, shifts in consumer tastes, and reductions in competitive advantage. Effective strategies like SWOT analysis and innovation can help companies stay ahead of their competitors, while proper communication and execution of the strategy can help ensure that the desired results are achieved.
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Which statement best describes what labor leaders George Meany of the AFL and Walter Reuther of the CIO believed about the role of unions?
A) Meany believed unions needed to focus on the economic well-being of their members, while Reuther had more militant views on what unions should do regarding promoting racial equality and organizing members.
B) Reuther believed unions needed to focus on the economic well-being of their members, while Meany had more militant views on what unions should do regarding promoting racial equality and organizing members.
C) Meany supported a merger of the AFL and CIO, while Reuther opposed this merger.
D) Both Meany and Reuther favored the Landrum-Griffin Act, which broadened government control over union affairs.
A) Meany believed unions needed to focus on the economic well-being of their members, while Reuther had more militant views on what unions should do regarding promoting racial equality and organizing members.
Labor leaders George Meany of the AFL (American Federation of Labor) and Walter Reuther of the CIO (Congress of Industrial Organizations) had distinct perspectives on the role of unions. Meany emphasized the economic well-being of union members, prioritizing issues such as wages, benefits, and working conditions. He believed that unions should primarily focus on improving the economic interests and rights of their members.
On the other hand, Reuther held more militant views and believed that unions should not only address economic concerns but also actively work towards social and political goals. He advocated for promoting racial equality, organizing workers, and pursuing broader social justice initiatives.
Therefore, option A accurately captures the differing views of Meany and Reuther, with Meany focusing on economic well-being and Reuther advocating for a more comprehensive and activist role for unions.
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Suggest a theme for their next event, Volume 17.
Restate the ‘ask’ in your own words. The client has wide ranging objectives. Break them into doable SMART objectives (Awareness, sales, etc.)
What digital marketing tactics would you use to meet those objectives (any tactics we’ve talked about in class or beyond including influencers, social media, search engine marketing, social ads, paid digital ads, etc. Don’t just list the tactic, give the client an idea of how the tactic would "come to life" For example
if it’s an influencer campaign, then which influencers and how would you engage with them?
If it’s an SEM campaign, then which keywords (not all but a sample of keywords in each AdGroup) and give a taste of what ads you would write).
If it’s digital display ads, where would you place them and give a rough idea of how they would look.
If they need to change their website, what features should they have? How might it look (wireframes or mockups)?
The client does want to engage with customers and potential customers on social media so owned social media will have to figure out into the plan unless you can give a VERY COMPELLING reason why they shouldn’t.
Success measurements: How much would each tactic cost? Where should they allocate their spending?
Theme for the next event Volume 17:The theme suggested for the next event, Volume 17, is "Creating Memories."The SMART Objectives:
1. Awareness: The objective for creating awareness is to attract more than 2000 attendees from social media, with 100% engagement rate.
2. Sales: The objective for increasing sales is to generate $30000 sales from social media using various digital marketing tactics.
3. Customer loyalty: The objective for customer loyalty is to retain 70% of the current customers.What digital marketing tactics would you use to meet those objectives?Digital marketing tactics would be an excellent way to reach the SMART objectives.
The following tactics will be useful to achieve the objectives:1. Social Media:Social media marketing will help achieve awareness and sales objectives. Creating awareness through social media platforms will help attract the audience and create an emotional connection.
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$100 is invested for 20 years. During the first 10 years, the annual rate of 2%. During the last 10 years, the annual rate is 9%. How much interest is compounded during the last 10 years on the interest compounded during the first 10 years (in dollars)?
Below 5
Between 5 and 15
Between 15 and 25
Between 25 and 35
Between 35 and 45
Between 45 and 55
Between 55 and 65
Between 65 and 75
The interest compounded during the last 10 years on the interest compounded during the first 10 years can be calculated by using the formula for compound interest. The formula for calculating compound interest is A = P(1 + r/n)^(nt), where A is the final amount, P is the principal, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the time in years. We will use this formula to solve the problem given above. During the first 10 years, the annual rate is 2%, and during the last 10 years, the annual rate is 9%. Therefore, the total time is 20 years. Let's begin by calculating the interest compounded during the first 10 years. The principal is $100, and the annual interest rate is 2%. Therefore, we have:
P = $100
r = 2%
n = 1 (since the interest is compounded annually)
t = 10 years
Substituting these values in the formula for compound interest, we get:
A = $100(1 + 0.02/1)^(1*10)
A = $121.90
Therefore, the interest compounded during the first 10 years is:
I = $121.90 - $100
I = $21.90
Now, let's calculate the interest compounded during the last 10 years on the interest compounded during the first 10 years. We can do this by using the same formula for compound interest, but this time, we will use the interest of $21.90 as the principal. Therefore, we have:
P = $21.90
r = 9%
n = 1 (since the interest is compounded annually)
t = 10 years
Substituting these values in the formula for compound interest, we get:
A = $21.90(1 + 0.09/1)^(1*10)
A = $63.21
Therefore, the interest compounded during the last 10 years on the interest compounded during the first 10 years is:
I = $63.21 - $21.90
I = $41.31
Therefore, the answer is between 35 and 45 dollars.
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In evaluating the success of an internal controls process in government, which of the following is least relevant:
A. Whether the privacy of employees is respected
B. Whether it is popular with public media
C. Whether desired outcomes are achieved
D. Whether the cost of the controls exceeds the results
The least relevant factor is B. Public media popularity, as it does not reflect the effectiveness or efficiency of internal controls.
The least relevant factor in evaluating the success of an internal controls process in government from the given options is B. Whether it is popular with public media.
The success of an internal controls process should primarily be assessed based on its effectiveness in achieving desired outcomes (option C). The primary objective of internal controls is to ensure the integrity of financial reporting, prevent fraud, and maintain compliance with laws and regulations. Therefore, determining whether the desired outcomes are achieved is crucial in evaluating the effectiveness of the controls.
Respecting the privacy of employees (option A) is also important in maintaining a fair and ethical work environment. While it may not directly impact the success of the controls process, it is still relevant for ensuring a positive organizational culture.
On the other hand, the popularity of the controls process with public media (option B) is not a significant factor in evaluating its success. Public perception or media coverage does not necessarily reflect the effectiveness or efficiency of internal controls. The focus should be on the controls' ability to mitigate risks, safeguard assets, and promote accountability.
As for option D, the cost-effectiveness of the controls is important to consider, as resources should be utilized efficiently. However, it is not explicitly stated that the cost exceeds the results. Therefore, this option cannot be determined as the least relevant factor based on the given information.
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The I/Y key on a financial calculator stores the information for the interest rate or the discount rate per period.
TRUE
The given statement "The I/Y key on a financial calculator stores the information for the interest rate or the discount rate per period." is TRUE. Let's discuss it in detail.
The I/Y key on a financial calculator stores the information for the interest rate or the discount rate per period. The calculator's I/Y key is used to input the interest rate or discount rate per period. It is one of the main inputs in determining present and future values of cash flows and is therefore a fundamental element of financial calculations.
The financial calculator's I/Y (interest/yield) key is used to compute either the interest rate or yield of a financial instrument, and it is used to solve for present or future value in present value (PV) or future value (FV) computations. The interest rate is stored as a percentage and is expressed as an annual rate; however, it can be compounded quarterly, monthly, or semi-annually, depending on the terms of the financial instrument.
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Assuming a two-factor APT world where the systematic risks are GDP risk and Oil risk, risk-free rate is 2%. Assume there exists GDP and Oil factor portfolios that are tradeable. If a trader estimates the expected return of Portfolio ABC to be 17.0%, the alpha of Portfolio ABC is
portfolio ABC Factor Loading Risk Premium
GDP 0,8 5%
Oil 1,5 7%
O -0,5%
O 0,5%
O 1,0%
O 1,5%
O 2,0%
Assuming a two-factor APT world where the systematic risks are GDP risk and Oil risk, risk-free rate is 2%.
Assume there exists GDP and Oil factor portfolios that are tradeable.
If a trader estimates the expected return of Portfolio ABC to be 17.0%, the alpha of Portfolio ABC is -1.5%.
The APT (Arbitrage Pricing Theory) assumes that the risk of a security or a portfolio can be measured by a number of factors.
The APT concept is grounded on the capital asset pricing model, or CAPM, which only acknowledges one systematic risk, the market risk.
But APT acknowledges a multi-factor world with the existence of several systematic risks in addition to the market risk.
The formula of APT is: E(Ri) = Rf + Σ βj * Risk Premiumj
Where E(Ri) is the estimated expected return of a portfolio, Rf is the risk-free rate, βj is the factor loading of the jth systematic risk, and Risk Premiumj is the risk premium for the jth systematic risk.
According to the problem statement,
The formula for alpha is given by:
Alpha = E(Ri) - Rf - Σ βj * Risk Premium Substituting the given values in the above formula,
we get,
Alpha = 17% - 2% - (0.8 * 5%) - (1.5 * 7%)Alpha = -1.5%
Hence,
the Alpha of Portfolio ABC is -1.5%.
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The cash records of Concord Ceramics show the following four situations. For July: 1. The June 30 bank reconciliation indicated that deposits in transit total €761. During July, the general ledger account Cash shows deposits of €16,670, but the bank statement indicates that only €15,970 in deposits were received during the month. 2. The June 30 bank reconciliation also reported outstanding checks of €691. During the month of July, Concord's books show that €17,850 of checks were issued. The bank statement showed that €16,500 of checks cleared the bank in July. For September: 3. In September, deposits per the bank statement totaled €27,650, deposits per books were €25,980, and deposits in transit at September 30 were €2,660. 4. In September, cash disbursements per books were €24,100, checks clearing the bank were €25,600, and outstanding checks at September 30 were €2,360. There were no bank debit or credit memoranda. No errors were made by either the bank or Concord Ceramics. (a) In situation (1), what were the deposits in transit at July 31 ? Deposits in transit at July 31ϵ (b) In situation (2), what were the outstanding checks at July 31 ? Outstanding checks at July 31€ (c) In situation (3), what were the deposits in transit at August 31? Deposits in transit at August 31€ (d) In situation (4), what were the outstanding checks at August 31? Outstanding checks at August 31
The solution to the given questions are:-(a) In situation (1), the deposits in transit at July 31 is €131.(b) In situation (2), the outstanding checks at July 31 is €1,041.(c) In situation (3), the deposits in transit at August 31 is €2,010.(d) In situation (4), the outstanding checks at August 31 is €2,160.Explanation:-In order to determine the missing amounts, the bank reconciliation statement is prepared. Let us first prepare the bank reconciliation statement for situation 1.Bank reconciliation statement for situation 1 of Concord Ceramics is as follows:
Adjusted Bank balance (July 31) = €15,970 + €761 - €16,670= €1,061Adjusted book balance (July 31) = Actual book balance (June 30) + Deposits made in July - checks issued in July- Outstanding checks on July 31= €19,450 + €16,670 - €17,850 - €691= €17,579Thus, Deposits in transit at July 31 = Adjusted Bank balance - Adjusted book balance= €1,061 - €930= €131Now, let us prepare the bank reconciliation statement for situation 2.Bank reconciliation statement for situation 2 of Concord Ceramics is as follows:Adjusted Bank balance (July 31) = €16,500 + €761 - €17,850= €1,411Adjusted book balance (July 31) = Actual book balance (June 30) + Deposits made in July - checks issued in July- Outstanding checks on July 31= €19,450 + €17,850 - €17,850 - €691= €19,759Thus, Outstanding checks at July 31 = Adjusted book balance - Adjusted Bank balance= €19,759 - €18,718= €1,041Now, let us prepare the bank reconciliation statement for situation 3.Bank reconciliation statement for situation 3 of Concord Ceramics is as follows:Adjusted Bank balance (August 31) = €27,650 - €2,360 + €2,660= €28,950Adjusted book balance (August 31) = Actual book balance (July 31) + Deposits made in August - checks issued in August- Outstanding checks on August 31+ Deposits in transit on August 31= €17,579 + €25,980 - €24,100 - €2,360 + €2,010= €19,109Thus, Deposits in transit at August 31= Adjusted Bank balance - Adjusted book balance= €28,950 - €26,940= €2,010Now, let us prepare the bank reconciliation statement for situation 4.Bank reconciliation statement for situation 4 of Concord Ceramics is as follows:Adjusted Bank balance (August 31) = €25,600 - €2,360= €23,240Adjusted book balance (August 31) = Actual book balance (July 31) + Deposits made in August - checks issued in August- Outstanding checks on August 31+ Deposits in transit on August 31= €19,109 + €27,650 - €24,100 - €2,360 + €2,010= €22,309Thus, Outstanding checks at August 31= Adjusted book balance - Adjusted Bank balance= €22,309 - €20,149= €2,160Therefore, the correct option is,Option (a) Deposits in transit at July 31 is €131.Option (b) Outstanding checks at July 31 is €1,041.Option (c) Deposits in transit at August 31 is €2,010.Option (d) Outstanding checks at August 31 is €2,160.
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The interest rate in South Africa is 8 percent. The interest rate in the United States is 5 percent. The South African forward rate should exhibit a premium of about 3 percent. True or Flase?
The given statement is true; the South African forward rate should exhibit a premium of about 3 percent.
In finance, the forward rate is the interest rate that can be locked in now to borrow money at some point in the future. The forward rate can be calculated by using the prevailing interest rates in the present and future period and determining the difference between the two.
The difference between the South African interest rate and the United States interest rate is 3 percent (8 - 5 = 3). A forward rate premium is a higher forward exchange rate than the present spot exchange rate. South Africa's forward rate premium is projected to be 3 percent higher than the present spot exchange rate due to the 3% difference in interest rates, according to the uncovered interest rate parity theory (UIRP).
Thus, we can say that the statement is true; the South African forward rate should exhibit a premium of about 3 percent.
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what are the two primary methods used to create a risk assessment? a. quantitative and qualitative b. written and verbally c. empirically and emotionally d. inductive and deductiv
a. quantitative and qualitative The two primary methods used to create a risk assessment are quantitative and qualitative approaches.
Quantitative risk assessment involves assigning numerical values to various risk factors, such as probabilities and potential consequences, and using mathematical models to analyze and quantify the overall risk. This method relies on data, statistics, and calculations to provide a quantitative understanding of risks. Qualitative risk assessment, on the other hand, focuses on descriptive and subjective evaluations of risks. It involves assessing risks based on expert judgment, experience, and qualitative criteria such as severity, likelihood, and impact. This method often uses qualitative scales or categories to rank and prioritize risks without assigning specific numerical values.Both quantitative and qualitative methods have their strengths and weaknesses. Quantitative risk assessment provides more precise and measurable results, allowing for data-driven decision making.
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For an interest rate of 12% per month, determine the nominal and
effective rates (i) per quarter, and (ii) per year.
Given, Interest rate per month, r = 12% Nominal rate of interest: The nominal rate of interest is a simple rate of interest charged by a bank or lender on the amount borrowed.
It doesn't consider the effect of compounding over time, which means it is only based on the original principal and does not consider any interest earned on it. The formula to calculate the nominal interest rate is as follows:
Nominal rate of interest = r x n where r = interest rate per period n = number of periods
[tex]For per quarter: r = 12%/3 = 4% Number of periods in a year = 12/3 = 4[/tex]
Nominal rate of interest per quarter[tex]= r x n= 4% x 4= 16%[/tex]
[tex]For per year: r = 12%Number of periods in a year = 1[/tex]Nominal rate of interest per year [tex]= r x n= 12% x 1= 12%[/tex]
The effective rate of interest is a rate that takes into account the effect of compounding over time. It shows the actual amount of interest earned on an investment or charged on a loan over a period of time, and it is higher than the nominal rate of interest.
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Booher Book Stores has a beta of 1.2. The yield on a 3-month T-bill is 3.5% and the yield on a 10-year T-bond is 7%. The market risk premium is 6%, and the return on an average stock in the market last year was 14%. What is the estimated cost of common equity using the CAPM? Round your answer to two decimal places.
The estimated cost of common equity using the CAPM for Booher Book Stores would be 16.40%.
The Capital Asset Pricing Model (CAPM) is a model that is used to estimate the required rate of return on an investment or a security.It determines the return rate that an investor would expect for the given level of risk based on the expected returns of the market and the risk-free rate.
CAPM = Rf + Beta (Rm - Rf)where Rf is the risk-free rate, Beta is the sensitivity of the expected excess asset returns to the expected excess market returns, Rm is the expected return on the market, and Rm - Rf is the market risk premium. The given risk-free rate is 3.5%, while the yield on a 10-year T-bond is 7%.
[tex]The market risk premium is (7% - 3.5%) = 3.5%.[/tex]
The given beta of Booher Book Stores is 1.2, and the return on an average stock in the market last year was
[tex]1CAPM = Rf + Beta (Rm - Rf)CAPM = 3.5% + 1.2(14% - 3.5%)[/tex]
[tex]CAPM = 3.5% + 1.2(10.5%)CAPM = 3.5% + 12.6%CAPM = 16.10%[/tex]
The estimated cost of common equity using the CAPM for Booher Book Stores would be 16.40%.
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Just in Time JIT
A company consumes its raw materials proportionally over the year. Orders are made every two weeks, 26 times a year, and stock is zero at the time of delivery. The cost of maintaining the stock is 20% of the value of the average stock available. Can it be said that this company works according to the JIT principle? Justify your answer.
Just in Time (JIT) is a management philosophy that focuses on reducing waste, improving quality, and increasing efficiency.
The main objective of JIT is to produce the required quantity of products at the right time, with minimum waste and cost.
In this regard, it can be said that the company works according to the JIT principle.
This is because the company orders the raw materials just in time, i.e., 26 times a year, which means it doesn't hold stock beyond the time of delivery.
Hence, there is no waste of raw materials, and the company's inventory carrying costs are lower.
Additionally, since the company orders only the required quantity of raw materials, it minimizes the amount of capital tied up in inventory.
The cost of maintaining stock is 20% of the value of the average stock available.
By ordering just enough to meet demand, the company reduces the costs associated with holding excess inventory.
Thus, it can be said that this company works according to the JIT principle.
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Emily was in an intense conversation with her boss over the budget for her dwision. ghe krew what stie wanted, and as her boss was speaking, she was preparing a defensive remake th her mind. Firsy was engaged in what type of listening? Passtve Aggressive Competitive Active
The conversation between Emily and her boss over the budget for her division was an intense one.
During the conversation, Emily knew what she wanted, and as her boss was speaking,
she was preparing a defensive remark in her mind. Emily was engaged in active listening.
During the conversation between Emily and her boss, Emily was actively engaged in listening.
This type of listening is called active listening.
Active listening is when the listener is actively engaged in the conversation, paying full attention to what the speaker is saying.
Active listeners show interest in the speaker, giving the speaker verbal and nonverbal cues, and trying to understand what the speaker is saying.
Active listeners are also good at asking open-ended questions to gain clarity about what the speaker is saying.
Emily, in this scenario, was actively engaged in listening to her boss.
She was listening attentively, processing the information being conveyed, and trying to make sense of it.
She was also preparing a defensive remark in her mind, which shows that she was fully engaged in the conversation.
Overall, Emily was an active listener during the conversation with her boss.
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Marianna's Boat Motor Manufacturing is located in Woodstock, Ontario. It is a non-unionized workplace that manufactures and distributes motors for personal watercraft to retail locations and marinas across Canada. Marianna's employs approximately 200 non-unionized employees. You have been provided the following facts.
Employee #1: Mark has worked for Marina's Boat Manufacturing for ten years. His performance appraisals, conducted yearly, were consistently "good" to "excellent". Nearly a year has passed since his last performance review. His manager contacted you to seek assistance with some concerns regarding Mark's performance. Mark's supervisor indicated that there were increasing performance issues. Mark is often on his phone, during busy shifts, at work. Although the employer recognizes some phone use may be necessary the manager believes that the phone use is interfering with production goals. He has not met the individual productivity goals in the last six calculation periods (calculated weekly). The supervisor also told you that Mark's colleagues came forward complaining that Mark smells of cannabis smoke occasionally after lunch.
Employee #2 and #3: Mandy and Darci both work in the assembly plant. Recently, an internal investigation, that followed best practice for investigations, found Mandy and Darci had engaged in misconduct. The investigator found that the pair had stolen materials from the workplace. The materials included lumber, that were on site to create crates to transport the engines. There was also missing metal from the scrap pile. The manager has asked for guidance as to whether termination is possible.
Employee #4: Mohammad has worked for the organization for 4 months. His manager approached you regarding performance issues. Mohammad consistently fails to use the proper procedures for packaging the engines. The manager is frustrated and would like to terminate Mohammad for cause.
In not less than 700 words, explain the the legal issues in all of this cases and how you would advise them as an HR personnel
Treat each case differently.
Case 1: Employee #1 Mark's performance review was good to excellent over the years but he seems to be struggling recently. Mark's phone use during busy shifts is interfering with productivity goals. The supervisor also received complaints from his colleagues about Mark smelling like cannabis smoke.
As an HR personnel, I would advise the manager to first address Mark's phone use. They should schedule a meeting with Mark and discuss the phone use and the impact it has on productivity goals. Mark's colleagues should also be invited to the meeting and the topic of cannabis smoke should also be addressed.
If Mark agrees to stop using his phone during work hours and assures that he will not smell like cannabis smoke in the future, he should be given another chance to improve his performance. If Mark doesn't show any improvement, a performance improvement plan (PIP) should be put in place to provide him with clear goals and expectations. If Mark still fails to improve, the company can move forward with termination.
Case 2: Employee #2 and #3 Mandy and Darci were found to have engaged in misconduct by stealing materials from the workplace. The company should follow their disciplinary procedures, which may include termination. As an HR personnel, I would advise the company to first review their policies on theft and ensure that they have clear and consistent disciplinary procedures in place for such actions.
Mandy and Darci should be given the opportunity to explain their actions and a fair investigation should be conducted. If it is determined that they are guilty of theft, termination may be the appropriate action to take. The company should document the investigation and all disciplinary actions taken.
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