To calculate the 2018 depreciation expense, we need to compare the revised estimated useful life and salvage value to the remaining useful life and book value of the asset.
Given:
Original cost of the asset: $420,000
Original estimated salvage value: $42,000
Original total useful life: 9 years
Revised estimated useful life: 5 years
Revised estimated salvage value: $70,000
First, let's calculate the original annual depreciation expense using the straight-line method:
Annual depreciation expense = (Original cost - Salvage value) / Total useful life
Annual depreciation expense = ($420,000 - $42,000) / 9 = $42,000
Next, we need to determine the book value of the asset at the beginning of 2018. Since the asset was purchased on January 1, 2015, the beginning of 2018 marks the start of the fourth year.
Accumulated depreciation at the end of 2017 = Annual depreciation expense * Years of depreciation
Accumulated depreciation at the end of 2017 = $42,000 * 3 = $126,000
Book value at the beginning of 2018 = Original cost - Accumulated depreciation at the end of 2017
Book value at the beginning of 2018 = $420,000 - $126,000 = $294,000
Now, we compare the revised estimated useful life and salvage value to the remaining useful life and book value of the asset:
Revised remaining useful life = Revised estimated useful life - Years of depreciation
Revised remaining useful life = 5 - 3 = 2 years
Since the remaining useful life is now 2 years, we need to calculate the revised annual depreciation expense:
Revised annual depreciation expense = (Book value at the beginning of 2018 - Revised salvage value) / Revised remaining useful life
Revised annual depreciation expense = ($294,000 - $70,000) / 2 = $112,000
Therefore, the 2018 depreciation expense for Garrison Corporation using the straight-line method, after the change in estimates, would be $112,000.
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A supervisor works for the construction office for 50% of his time and 50% on the construction site. How much of the supervisor’s time should be charged to GOH?
Why a company should prepare a general overhead budget? State two significant reasons.
Why a company should have many general overhead accounts rather than clubbing most expenses under a few accounts? State two significant reasons.
The time charged to GOH would be 50% of the supervisor's time working for the construction office.
It would depend on the specific policies and procedures of the company regarding how they allocate time between overhead and construction site work. However, assuming that the supervisor's time on the construction site is considered direct labor and not part of the general overhead, then the time charged to GOH would be 50% of the supervisor's time working for the construction office. This would include any administrative tasks or supervisory responsibilities related to overseeing the overall construction projects.
As for why a company should prepare a general overhead budget, there are several reasons. Firstly, having a clear understanding of overhead costs allows for better financial planning and forecasting. By budgeting for general overhead expenses, companies can better manage their cash flow and make strategic decisions about investments and expenditures. Secondly, it helps to identify areas where cost-saving measures can be implemented, which can ultimately lead to improved profitability and sustainability.
Regarding the question about having multiple general overhead accounts, there are also several reasons for this. Firstly, having more specific accounts allows for more accurate tracking and analysis of overhead expenses. This can help to identify trends or patterns in spending that can be addressed to improve efficiency or reduce waste. Additionally, having more detailed accounts can help to ensure that expenses are properly allocated and that each department or project is charged for the appropriate costs. This can help to prevent discrepancies or inaccuracies in financial reporting. Overall, having multiple general overhead accounts can lead to more accurate financial information and better decision-making for the company.
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Which of the following statements regarding activity-based costing (ABC) is false?
Select one:
a. ABC is not an appropriate tool for analysing non-manufacturing costs.
b. ABC can be used to analyse the profitability of customers.
c. ABC can be used to measure the cost of cost objects.
d. ABC evolved as a response to problems with traditional costing systems.
The false statement regarding activity-based costing (ABC) is: (A) "ABC is not an appropriate tool for analyzing non-manufacturing costs."
Activity-based costing (ABC) is a costing method that assigns costs to cost objects based on the activities involved in producing them. It provides a more accurate and detailed analysis of costs compared to traditional costing systems. Let's examine each statement to identify the false one:
a. ABC is not an appropriate tool for analyzing non-manufacturing costs: This statement is false. ABC can be used to analyze both manufacturing and non-manufacturing costs. It focuses on activities and their consumption of resources, making it applicable to a wide range of cost objects and activities, including non-manufacturing functions like marketing, distribution, and customer service.
b. ABC can be used to analyze the profitability of customers: This statement is true. ABC helps identify the activities that drive costs and allocate costs to customers based on their consumption of those activities. This allows for a more accurate assessment of customer profitability.
c. ABC can be used to measure the cost of cost objects: This statement is true. ABC measures the cost of cost objects by identifying the activities required to produce them and allocating costs based on the activity drivers.
d. ABC evolved as a response to problems with traditional costing systems: This statement is true. ABC was developed to address the limitations of traditional costing systems, which often allocate costs based on arbitrary allocation bases that may not reflect the actual consumption of resources by cost objects.
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Was this an effective way to communicate this information? Discuss the management dilemma posed by impending lay-offs. What, if anything, should you convey to your workers in your role as CEO? Is your approach risky, ethical? Be sure to consider what others have written, and respond with your agreement or concerns, and changes you'd recommend -- would you say more, or less? Would you say something different? What medium, and at what time? Would you invite responses, dialogue?
In the face of impending layoffs, there are various management dilemmas that arise, and a delicate balance must be struck to communicate effectively to the workers. The central theme of this communication is clarity, transparency, and empathy. A CEO should convey that layoffs are inevitable due to the situation of the company and the external environment. The CEO should address the problem and explain the reasons for the upcoming layoffs. In the same breath, the CEO should also explain what will happen and how they plan to handle the matter to minimize the impact on the affected workers.
The medium of communication should be personal and direct, rather than digital. A face-to-face meeting, for example, can enable the CEO to empathize with the employees and provide a platform to field any questions that may arise. This way, the CEO can communicate the message effectively, and the affected employees can express their concerns or thoughts in real-time.
An ethical approach should entail a combination of empathy and transparency. The CEO should be transparent about the reasons for the layoffs and assure employees that the decision is not related to the performance of the employees. By doing this, the employees can understand that the company has no other option but to lay off workers to remain afloat.
An effective approach should also convey empathy and provide assistance to the affected employees. This could be achieved by offering some form of severance pay, re-training options, or a job placement service. It is risky to convey too much information that may lead to rumors or panic among the employees. Therefore, the CEO should weigh the amount of information conveyed to ensure the situation is explained in detail, yet in a manner that does not scare or threaten employees.
To conclude, the communication should be direct, clear, empathetic, and personal. The CEO should prepare to respond to the affected workers' concerns and emphasize that they are all in this together. By creating an opportunity for dialogue, the CEO can facilitate a smooth transition for the affected employees and the company.
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What is a Deed of Trust and what does it do? We often hear of a mortgage on a property, which means the property "secures" the repayment of a loan. If a party stops making mortgage, a lender will file a lawsuit to recover their property. In many western states, and especially in California, lenders use a "Deed of Trust", which acts like a mortgage, except it names a trustee who is entitled to take action if a person stops making payments. The trustee is allowed to follow state laws, and declare a loan in default, give the owner 90 days to make any payments, and if not, "notice" a sale of the property, meaning that the property will be auctioned off, perhaps in the Trustee's office, or on the courthouse steps. Once the steps are followed, a Trustee can then sign a deed and transfer the property to the person who bought the property at the Trustee's sale. No formal court action is necessary. Lenders love this process.
Question: What happens if I default on a note that is secured by a Deed of Trust? If I default, does the noteholder have to start a legal action in court to get my property?
A Deed of Trust is a legal document used in some western states, such as California, as an alternative to a traditional mortgage. It functions similarly to a mortgage by securing the repayment of a loan with the property. However, it includes a trustee who has the authority to take action if the borrower defaults on the loan, without the need for a court proceeding.
How does defaulting on a Deed of Trust work?If you default on a note that is secured by a Deed of Trust, the trustee can follow state laws to declare the loan in default. The borrower is typically given a 90-day period to make payments.
If the borrower fails to do so, the trustee can initiate the process of selling the property through a notice of sale. Once the necessary steps are followed, the trustee can transfer the property to the buyer who purchased it at the trustee's sale, without requiring a formal court action.
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negative impact of lack of information on local business
Lack of information on local businesses affects decision-making, competitiveness, and development for neighborhood businesses. It leads to client misfortune, declining deals, constrained advancement, and disappointment to meet client desires.
How does a lack of information affect local business?Firstly, without getting opportune and exact information almost showcase patterns, client inclinations, and competitor exercises, businesses may battle to form informed decisions and remain competitive.
This will lead to a misfortune of clients, declining deals, and eventually, money-related insecurity.
Furthermore, the nonattendance of information in almost legitimate directions, industry benchmarks, and developing innovations can ruin development and development openings for nearby businesses.
Additionally, without satisfactory information approximately about shopper needs and input, businesses may come up short to meet client desires, coming about in diminished client fulfillment and dependability.
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Sam is buying a car and will finance it with a loan that requires monthly payments of $421.35 for the next six years. His car payments can be described by which one of the following terms? A) Perpetuity B) Present value C) Future value D) Lump sum E) Annuity
Sam's car payments can be described as an annuity.
An annuity is a series of equal cash flows or payments made at regular intervals over a specific period of time. In this case, Sam is making monthly payments of $421.35 for the next six years. The fact that the payments are equal in amount and occur at regular intervals qualifies it as an annuity.
An annuity is different from other terms listed:
A) Perpetuity: A perpetuity is a type of annuity with infinite cash flows, which is not applicable in this scenario.
B) Present value: Present value refers to the current value of future cash flows, which is not relevant in this context.
C) Future value: Future value represents the accumulated value of an investment over time, which does not apply here.
D) Lump sum: A lump sum refers to a single, one-time payment, which is not the case in Sam's car payments.
Therefore, the most appropriate term to describe Sam's car payments is an annuity.
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a) What impact do unions typically have on unemployment in the unionized labor sector? Why?
(b) What impact do unions typically have on employment in the non-unionized labor sector? Explain.
(c) What impact do unions typically have on wages in the non-unionized labor sector? Explain.
Unions typically have a positive impact on unemployment in the unionized labor sector. By representing workers in negotiations with employers, unions can help ensure that workers receive fair pay, benefits, and working conditions. This can lead to higher job satisfaction and less turnover, which can in turn lead to lower unemployment rates within the unionized sector.
Unions can have both positive and negative impacts on employment in the non-unionized labor sector. On the one hand, unions can push for higher wages and better working conditions for their members, which can create a "spillover effect" that benefits all workers in a given industry.
Unions typically have a positive impact on wages in the non-unionized labor sector. By pushing for higher wages and benefits for their members, unions can create a "spillover effect" that benefits all workers in a given industry, even those who are not unionized.
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Describe the consolidation process according to IFRS 10. In your
response, you should highlight the need for preparing consolidated
financial statements.
The consolidation process according to IFRS 10 involves combining the financial statements of a parent company and its subsidiaries into a single set of consolidated financial statements.
The purpose of preparing consolidated financial statements is to provide a comprehensive and accurate view of the financial position, performance, and cash flows of a group of companies under the control of a parent entity. Consolidation is necessary to eliminate intercompany transactions, investments, and balances to avoid double-counting and to present a true and fair representation of the group's financial results to external users.
Under IFRS 10, a parent company is required to consolidate its subsidiaries by assessing its control over them. Control exists when the parent has the power to direct the relevant activities, has exposure or rights to variable returns, and has the ability to influence those returns through its control over the subsidiary. Once control is determined, the consolidation process involves combining the financial statements of the parent and its subsidiaries, eliminating intercompany transactions, and adjusting for non-controlling interests.
Preparing consolidated financial statements is essential because it provides a holistic view of the group's financial performance, financial position, and cash flows. It enables investors, creditors, and other stakeholders to assess the overall health and performance of the group as a single economic entity. Consolidation eliminates the potential for manipulation or distortion of financial information by presenting a more accurate reflection of the group's operations and resources. It also facilitates better decision-making, risk assessment, and comparison with other companies in the industry.
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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. (For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase.
Using the perpetual inventory system, Warnerwoods Company can keep track of their inventory on a real-time basis. This allows them to make informed decisions about when to reorder products and how much to order.
Warnerwoods Company is using a perpetual inventory system, which is a method of maintaining records that accurately reflect the number of goods that are on hand at any given time. They had several transactions throughout March, including purchases and sales. For specific identification purposes, we know that the March 9 sale was comprised of 80 units from beginning inventory and 340 units from the March 5 purchase, while the March 29 sale was comprised of 40 units from the March 18 purchase and 120 units from the March 25 purchase.
To calculate the ending inventory for the month of March, we need to take into account the units sold and the cost of goods sold. For example, the March 9 sale was comprised of 80 units from beginning inventory and 340 units from the March 5 purchase. The cost of the beginning inventory was $2,800, while the cost of the March 5 purchase was $11,900. This means that the total cost of goods sold for that transaction was $14,700.
We can use this same method to calculate the cost of goods sold for each of the other transactions. Once we have calculated the cost of goods sold for each transaction, we can add them up to get the total cost of goods sold for the month of March. We can then subtract the cost of goods sold from the cost of goods available for sale to get the ending inventory for the month.
In conclusion, using the perpetual inventory system, Warnerwoods Company can keep track of their inventory on a real-time basis. This allows them to make informed decisions about when to reorder products and how much to order. By calculating the ending inventory for the month of March, they can make sure they have enough inventory to meet customer demand while also keeping costs under control.
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find the net income if activity volume increases by 20 ssuming total sales are
if activity volume increases by 20 and assuming total sales remain the same, the net income will increase, as long as the increase in sales is greater than the increase in expenses.
Activity volume refers to the level of activity or production within a business. This can include the number of units produced, the number of hours worked, or any other measure of output. When activity volume increases, it generally means that the business is producing more and selling more. This can lead to higher revenues and profits.
Net income is the profit that a business earns after all expenses have been deducted from its revenues. If activity volume increases, it is likely that expenses will also increase, such as materials, labor, and overhead costs. However, if the increase in sales is greater than the increase in expenses, the net income will also increase.
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how marketing decisions are made and how they are implemented with an organization is highly dependent on
Marketing decisions are made and implemented within an organization depending on various factors, like social environment, technological environment, political environment, economic environment.
Marketing decisions and implementations depend on different factors that include the following: External factors: The external factors include the political environment, economic environment, social environment, and technological environment. Political environment plays a role as a country's government regulations can influence the way organizations conduct their marketing activities. Economic environment focuses on the country's economy and can influence an organization's pricing and product offerings. Social environment is concerned with an organization's social responsibilities. Technological environment influences an organization's marketing by providing opportunities for new products or distribution methods. Internal factors: The internal factors are dependent on the organization's management and the available resources. These include organizational goals, available resources, organizational culture, and management philosophy. Organizational goals and management philosophy are important in guiding the marketing decisions, while resources such as capital, personnel, and equipment impact the actual implementation of marketing strategies. Organizational culture determines how the organization conducts its business and how receptive it is to changes in marketing strategies. Management philosophy and style are important in the way an organization approaches marketing and sales. Therefore, marketing decisions and their implementation within an organization are highly dependent on both external and internal factors. These factors influence the organizational goals, resources, culture, management philosophy, and style that impact the marketing strategies and their implementations.
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hatteras hammocks is a company that takes a strategic approach to hrm. it has a(n) that outlines a plan for future staffing of managerial positions.
Hatteras Hammocks is a company that takes a strategic approach to HRM (Human Resource Management).
What does it have?It has a Succession Plan that outlines a plan for future staffing of managerial positions. Succession planning is a systematic process that ensures a workforce's ongoing ability to fill key roles by developing employees with the potential to fill those roles.
It is the systematic identification, assessment, and development of employees to fill key roles within an organization. It is important for organizations to have a succession plan to minimize the impact of key employee turnover and to ensure that key roles are filled by employees with the necessary skills, knowledge, and abilities to maintain the company's performance levels.
By implementing a succession plan, Hatteras Hammocks is preparing for the future by identifying and developing its future leaders, which is a crucial aspect of strategic HRM.
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(Annuity payments) Calvin Johnson has a $5,000 debt balance on his Visa card that charges 12.9 percent APR compounded monthly. In 2005, Calvin's minimum monthly payment is 3 percent of his debt balance, which is $150.
How many months (round up) will it take Calvin Johnson to pay off his credit card if he pays the cur rent minimum payment of $150 at the end of each month?
In 2006, as the result of a federal mandate, the minimum monthly payment on credit cards rose to 4 percent. If Calvin made monthly payments of $200 at the end of each month, how long would it take to pay off his credit card?
Calvin Johnson has a $5,000 debt balance on his Visa card with an APR of 12.9% compounded monthly. In 2005, his minimum monthly payment is $150, and we need to calculate how many months it will take him to pay off his credit card.
In 2006, the minimum monthly payment increased to 4%, and we need to determine how long it would take to pay off the credit card if Calvin made monthly payments of $200. In 2005, Calvin's minimum monthly payment is $150, which is 3% of his debt balance. We can calculate his debt balance using the formula for the present value of an annuity:
PV = PMT * (1 - (1 + r)^(-n)) / r
where PV is the debt balance, PMT is the monthly payment, r is the monthly interest rate, and n is the number of months.
Using the given information, we can rearrange the formula to solve for n:
n = -log(1 - (PV * r) / PMT) / log(1 + r)
Substituting the values, we get:
n = -log(1 - (5000 * 0.129/12) / 150) / log(1 + 0.129/12)
≈ 43 months
Therefore, it will take Calvin approximately 43 months to pay off his credit card with the minimum monthly payment of $150 in 2005.
In 2006, with a minimum monthly payment of $200, we can use the same formula to calculate the number of months:
n = -log(1 - (5000 * 0.129/12) / 200) / log(1 + 0.129/12)
≈ 35 months
Hence, it will take Calvin approximately 35 months to pay off his credit card with monthly payments of $200 in 2006.
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An organizational structure is described as having a 'discipline' structure superimposed on work divisions that manage specific projects or outputs. Which of the following type of structure does this describe?
N - form
M - form
Matrix
U - form
The type of structure that is described as having a 'discipline' structure superimposed on work divisions that manage specific projects or outputs is called the Matrix structure.What is a Matrix Structure?A matrix organizational structure is a hybrid organizational structure that combines two or more lines of reporting or management.
It is a type of organization that allows for a more flexible, dynamic management approach. It is composed of multiple divisions that are interconnected.Each of the elements is cross-functional in a matrix structure. A matrix structure works by overlaying a 'discipline' structure on work divisions that manage specific projects or outputs.
This structure is often found in large organizations that deal with complex projects or processes. Therefore, the answer is the Matrix structure.
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If a monopoly faces an inverse demand curve of 210-Q. has a constant marginal and average cost of $30, and can perfectly price discriminate, what is its proft? What are the consumer surplus, welfare, and deadweight loss? How would these results change if the flm were a single-price monopoly? Profit from perfect price discrimination (T) is $ 16200 . Enter your response as a whole nunnbej Cormesponding consumer surplus is (enter your response as whole numbers CS $0 welfare is w= s 16200 and deadweight loss ls Profit from single-price profit-maximization is ?= SL (Enter your response as a whole number.)
The consumer surplus is $0.
The welfare is $16,200.
To calculate the profit, consumer surplus, welfare, and deadweight loss for a monopoly that can perfectly price discriminate, consider the given information.
1. Profit from Perfect Price Discrimination:
The profit from perfect price discrimination is given as $16,200.
2. Consumer Surplus:
Under perfect price discrimination, consumer surplus is reduced to zero because the monopolist charges each consumer the maximum price they are willing to pay for the product. Therefore, the consumer surplus is $0.
3. Welfare:
Welfare, in this context, refers to the total economic well-being derived from the transaction. In perfect price discrimination, welfare is equal to the monopolist's profit. Therefore, the welfare is $16,200.
4. Deadweight Loss:
Deadweight loss occurs when there is a loss of economic efficiency due to market distortions. In the case of perfect price discrimination, there is no deadweight loss because the monopolist captures all the consumer surplus and maximizes their profit.
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broadtred, inc. makes automobile tires that have a mean life of 50,000 miles with a standard deviation of 2,500 miles. using excel functions (see chapter 6), determine the following:
To determine the following values using Excel functions, given that Broadtred, Inc. makes automobile tires that have a mean life of 50,000 miles with a standard deviation of 2,500 miles.
We can proceed as follows:Probability of getting a tire lasting less than 47,000 miles. To calculate the probability of getting a tire lasting less than 47,000 miles, we need to use the standard normal distribution, which has a mean of 0 and a standard deviation of 1. To convert the given values into the standard normal distribution, we can use the formula Z = (X - μ) / σwhere Z is the standardized value of the random variable X, μ is the mean of X, and σ is the standard deviation of X. Substituting the given values, we get Z = (47,000 - 50,000) / 2,500 = -1.20.
Using the Excel function NORMSDIST(-1.20), we get the value 0.1151. Therefore, the probability of getting a tire lasting less than 47,000 miles is 0.1151. Probability of getting a tire lasting between 47,000 and 53,000 miles. To calculate the probability of getting a tire lasting between 47,000 and 53,000 miles, we need to use the formula Z = (X - μ) / σ as before.
For the lower limit, we have Z1 = (47,000 - 50,000) / 2,500 = -1.20. For the upper limit, we have Z2 = (53,000 - 50,000) / 2,500 = 1.20.Using the Excel function NORMSDIST(1.20) - NORMSDIST(-1.20), we get the value 0.6870. Therefore, the probability of getting a tire lasting between 47,000 and 53,000 miles is 0.6870.Value below which 20% of the tires fail.
To find the value below which 20% of the tires fail, we need to find the corresponding Z-value for the cumulative probability of 0.20.
Using the Excel function NORMSINV(0.20), we get the value -0.84.Using the formula Z = (X - μ) / σ and substituting the given values, we can find the value of X as X = Zσ + μ = -0.84 × 2,500 + 50,000 = 47,900.
Therefore, the value below which 20% of the tires fail is 47,900 miles.
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A broad differentiation strategy works best in which of the following market circumstances? Multiple Choice When buyers have a low degree of bargaining power and purchase the product frequently When new and improved products are introduced frequently When buyers incur low costs in switching to rival brands O When most competitors are resorting to clever advertising and promotions in an attempt to set apart their product offerings When there are many ways to differentiate the product or service that have value to buyers
A broad differentiation strategy works best when there are many ways to differentiate the product or service that have value to buyers.
This is because a broad differentiation strategy involves creating a unique product or service that is perceived as superior in quality, features, and benefits compared to competitors, and therefore customers are willing to pay a premium price for it. In a market where there are many ways to differentiate the product or service that have value to buyers, a company can leverage this by focusing on creating a unique and superior offering that stands out from the competition.
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Writing a couple paragraphs about Uber Technologies Inc. The purpose of this is to answer the question: Should this company be invested in? The data that supports your decision should be based on the following questions. Each item discussed should be assessed as to whether it supports your decision or not. Information should be described in your own words. Items to be discussed are:
Company background
Dividends Researching Stock Investments
The Statement of Cash Flow Analyze the Company's Statement of Cash Flows
Ratio analysis Financial Statement Analysis
Corporate social responsibility Corporate Social Responsibility
News articles of company performance
Stock prices and trends of the company
A final decision on if this company should be invested in
Based on the assessment of Uber Technologies Inc. using various factors such as company background, dividends, cash flow statement analysis, ratio analysis, corporate social responsibility, news articles, and stock prices, a final decision on whether to invest in the company will be provided.
Uber Technologies Inc. is a multinational ride-hailing company headquartered in San Francisco, California. It operates a platform that connects drivers and riders, offering transportation, food delivery, and other services. The company has gained significant market share and has a strong brand presence globally. This indicates a solid company background that supports considering it as a potential investment. In terms of dividends, Uber does not currently pay dividends to its shareholders. This may not appeal to investors seeking regular income from their investments, but it also allows the company to reinvest its profits into growth and expansion.
Analyzing the company's statement of cash flows is essential to assess its financial health and cash management. Investors should evaluate factors such as cash from operations, investing activities, and financing activities. Ratio analysis is another important aspect of financial statement analysis. Key ratios such as profitability ratios, liquidity ratios, and solvency ratios should be examined to understand the company's financial performance and stability.
Corporate social responsibility (CSR) is increasingly becoming an important consideration for investors. Analyzing Uber's CSR initiatives, such as environmental sustainability, social impact, and ethical practices, can provide insights into the company's commitment to responsible business practices. Staying updated with news articles on Uber's performance, industry trends, and regulatory changes is crucial for investment decision-making.
Lastly, analyzing the historical stock prices and trends of the company provides insights into its performance in the stock market. Examining factors such as stock price volatility, trends over time, and market capitalization can help assess the potential for future returns.
Considering all the factors mentioned above, a final decision on whether to invest in Uber Technologies Inc. should be based on a thorough analysis of these elements, risk tolerance, investment objectives, and personal financial circumstances.
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Big Country Builders is hiring laborers for a project. The job requires the ability to lift and move objects weighing up to 100 pounds. Tim Kelly, who is 5'9" tall and looks to weigh 140 pounds, applies for the job. Big Country wants to insure that Tim is physically capable of doing the job. What can Big Country do?
a. If Big Country makes a conditional offer to Tim, it can require Tim to take a physical examination before spending time and money on the rest of the application process.
b. Big Country can avoid any problems by keeping a set of 100 pound weights in the office and requiring all applicants to lift the weights at the time of the interview.
c. Big Country cannot require Tim to take a pre-employment physical as a condition of employment, but can require an examination after a job offer has been made, provided that the non-medical aspects of the application process are completed before the physical exam.
d. Big Country can require Tim to take a pre-employment physical exam before spending time and money on the rest of the process.
Big Country Builders can require Tim to take a pre-employment physical exam before spending time and money on the rest of the process.
Big Country Builders can require Tim to take a pre-employment physical exam before spending time and money on the rest of the process. This is the main answer to the question asked above. Pre-employment physical examination is a kind of medical examination that aims to determine if an applicant is medically qualified to do the job or not. It is a tool that an employer can use to reduce their risk of liability for workplace injuries and illnesses caused by workers.
If Big Country Builders wants to ensure that Tim Kelly is physically capable of doing the job, it can require him to take a pre-employment physical exam before spending time and money on the rest of the process. Doing so will allow the company to know whether Tim is fit to perform the job requirements or not.
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5. A company spends $10,000 ($10k) at the beginning of each year for 2 years to renovate a facility for a new machine. The machine is purchased for $30,000 ($30k) at the end of the 2nd year. From that
The company has a total expense of $50,000 for the facility renovation and the purchase of the new machine over the two-year period.
Based on the information provided, let's analyze the expenses related to renovating the facility and purchasing the new machine:
1. Renovation expenses: The company spends $10,000 at the beginning of each year for 2 years. This means that the total renovation expenses over the two-year period would be:
Total renovation expenses = $10,000 × 2 = $20,000
2. Machine purchase: The machine is purchased at the end of the 2nd year for $30,000.
Now, let's calculate the total expenses incurred by the company for both the renovation and the machine purchase:
Total expenses = Renovation expenses + Machine purchase
= $20,000 + $30,000
= $50,000
Therefore, the company has a total expense of $50,000 for the facility renovation and the purchase of the new machine over the two-year period.
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You would like to travel in 5 years from now, and you can save $3,100 per y ear, beginning one year from today. You plan to deposit the funds in a mutu al fund that you think will return 8.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from no w?
Therefore, you would have approximately $17,679.38 just after making the 5th deposit, 5 years from now.
To calculate the amount you would have after making the 5th deposit, 5 years from now, we can use the formula for the future value of an ordinary annuity.
The future value (FV) of an ordinary annuity can be calculated using the formula:
FV = P * [(1 + r)^n - 1] / r
Where:
P = Annual deposit amount
r = Interest rate per period
n = Number of periods
In this case, the annual deposit amount is $3,100, the interest rate is 8.5% per year, and the number of periods is 5.
Plugging in the values, we get:
FV = $3,100 * [(1 + 0.085)^5 - 1] / 0.085
Calculating this expression, we find:
FV ≈ $3,100 * (1.487947 - 1) / 0.085
FV ≈ $3,100 * 0.487947 / 0.085
FV ≈ $17,679.38
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Calculating Cycles. If we are provided the following information from Chargers Company’s financial statements, calculate the operating and cash flow cycles.
inventory
Beginnning: 16,284
Ending: 19,108
Accounts Receivable
Beginning: 11,219
Ending: 13,973
Accounts Payable
Beginning: 13,960
Ending: 16, 676
Net Sales
219,320
Cost of Goods Sold
168,420
To calculate the operating and cash flow cycles for Chargers Company, we will use the following formulas:
Operating Cycle = Average Inventory Days + Average Accounts Receivable Days
Cash Flow Cycle = Operating Cycle - Average Accounts Payable Days
First, let's calculate the average inventory, average accounts receivable, and average accounts payable:
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
Average Inventory = (16,284 + 19,108) / 2 = 17,696
Average Accounts Receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) / 2
Average Accounts Receivable = (11,219 + 13,973) / 2 = 12,596
Average Accounts Payable = (Beginning Accounts Payable + Ending Accounts Payable) / 2
Average Accounts Payable = (13,960 + 16,676) / 2 = 15,318
Next, we can calculate the operating cycle:
Average Inventory Days = (Average Inventory / Cost of Goods Sold) * 365
Average Inventory Days = (17,696 / 168,420) * 365 ≈ 38.34 days
Average Accounts Receivable Days = (Average Accounts Receivable / Net Sales) * 365
Average Accounts Receivable Days = (12,596 / 219,320) * 365 ≈ 21.02 days
Operating Cycle = Average Inventory Days + Average Accounts Receivable Days
Operating Cycle = 38.34 + 21.02 ≈ 59.36 days
Finally, we can calculate the cash flow cycle:
Average Accounts Payable Days = (Average Accounts Payable / Cost of Goods Sold) * 365
Average Accounts Payable Days = (15,318 / 168,420) * 365 ≈ 33.21 days
Cash Flow Cycle = Operating Cycle - Average Accounts Payable Days
Cash Flow Cycle = 59.36 - 33.21 ≈ 26.15 days
Therefore, the operating cycle for Chargers Company is approximately 59.36 days, and the cash flow cycle is approximately 26.15 days.
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How has the pandemic of COVID 19 and the UKRAINE war impacted international Business?
The pandemic of COVID-19 and the Ukraine war has impacted international business in Supply chain disruption, caused financial constraints and trading constraints, economic instability and geo-political uncertainity.
COVID-19 Pandemic:
COVID-19 pandemic is affecting global supply chains, reducing demand, and slowing down economic growth. It has affected business globally in several ways such as:
Supply Chain Disruption: It has disrupted supply chains and caused massive delays and shortages, particularly in the manufacturing sector, leading to a shortage of inputs and finished goods.
Financial Constraints: The pandemic has made it difficult for businesses to raise capital and invest, leading to financial constraints for businesses.
Workforce Availability: With social distancing measures and travel restrictions in place, businesses are struggling to maintain their workforces, resulting in a shortage of labor.
Ukraine War:
The war in Ukraine has led to economic instability, inflation, and political uncertainty in the region. As a result, the war has impacted international businesses in the following ways:
Trade Constraints: Businesses are experiencing trade constraints due to sanctions imposed by various countries, including the United States, the European Union, and Russia.
Economic Instability: The war has caused economic instability in the region, making it difficult for businesses to operate, leading to a shortage of inputs and finished goods.
Geo-Political Uncertainty: The war has created political uncertainty in the region, making it difficult for businesses to operate and invest in the region.
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You are the junior financial manager at Caribbean Capital Market Limited and you have been asked to provide the calculations for the following scenarios to assist a client: A. Fourth Generation Corporation issued a bond 2 years ago which had a maturity at that time of 15 years. Coupon payments are made semi-annually with an annual interest rate of 6%. If the face value of the bond is $1,000 calculate the value of the bond today which has a required rate of return of 7.5%. (7 marks) B. The value of a bond today is $1,055 and matures in 12 years' time and a coupon rate of 10.5% paid annually. What is the yield to maturity when the par value of the bond is $1,000? (6 marks) C. Fesco Limited ordinary stock currently trades at $8 per share on the Jamaica Stock Exchange and pay dividends today amounting to $1.36. Analysts anticipate that dividends will grow at a rate of 10% annually. i. Calculate the investors required rate of return on the stock.
A. To calculate the value of the bond today, we can use the present value of a bond formula. The formula is as follows:
Bond Value = (Coupon Payment / (1 + Required Rate of Return / 2) ^ (Number of Coupon Payments * 2)) + (Face Value / (1 + Required Rate of Return / 2) ^ (Number of Coupon Payments * 2))
Given:
Coupon Payment = 0.06 * Face Value / 2 = 0.03 * $1,000 = $30
Required Rate of Return = 7.5%
Number of Coupon Payments = 15 years * 2 = 30
Plugging in the values, we get:
Bond Value = ($30 / (1 + 0.075 / 2) ^ (30)) + ($1,000 / (1 + 0.075 / 2) ^ (30))
Solving this equation will give us the value of the bond today.
B. To calculate the yield to maturity, we need to use the yield to maturity formula and solve for the yield rate.
Bond Value = Coupon Payment / Yield to Maturity * (1 - 1 / (1 + Yield to Maturity) ^ Number of Periods) + Face Value / (1 + Yield to Maturity) ^ Number of Periods
Given:
Bond Value = $1,055
Coupon Payment = 0.105 * $1,000 = $105
Face Value = $1,000
Number of Periods = 12 years
Plugging in the values, we have:
$1,055 = $105 / Yield to Maturity * (1 - 1 / (1 + Yield to Maturity) ^ 12) + $1,000 / (1 + Yield to Maturity) ^ 12
By solving this equation, we can find the yield to maturity.
C. The required rate of return on the stock can be calculated using the dividend discount model (DDM). The formula for DDM is as follows:
Required Rate of Return = (Dividend / Stock Price) + Growth Rate
Given:
Dividend = $1.36
Stock Price = $8
Growth Rate = 10%
Plugging in the values, we get:Required Rate of Return = ($1.36 / $8) + 0.10Solving this equation will give us the required rate of return on the stock.Please note that for part C, I have provided the calculation for the required rate of return, but the calculations for parts A and B require solving the equations provided.
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Question 1. (4 Marks) Blue Star LLC sold goods worth $50,000 to Reem Bros on Credit on 1st April 2015. On June 20th Reem Bros paid $45000 and the balance was written off as uncollectible. On September
Blue Star LLC sold goods worth $50,000 to Reem Bros on Credit on April 1st, 2015. On June 20th, Reem Bros paid $45,000, and the balance was written off as uncollectible. On September 30th, the company made an adjusting entry to record the uncollectible amount of the receivable.
As a result of Reem Bros's partial payment, Blue Star's accounts receivable balance on June 20th decreased to $5,000. The balance was deemed uncollectible on September 30th, resulting in a bad debt expense for Blue Star LLC. The write-off reduces the company's total assets and net income for the period.Blue Star LLC's uncollectible amount of accounts receivable should be recorded as a bad debt expense on the income statement.
When a sale is made on credit, the company's accounts receivable increases, but this does not imply that the customer will pay the amount owed. Some customers may become insolvent, file for bankruptcy, or fail to pay the balance owed. When this happens, the company must remove the uncollectible amount from its accounts receivable balance. This is done by recording a bad debt expense on the income statement.
The bad debt expense is debited, and the allowance for doubtful accounts is credited when the write-off is made. The allowance for doubtful accounts is a contra asset account that reduces the accounts receivable balance. When an account is deemed uncollectible, it is debited, and the allowance for doubtful accounts is credited.
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FILL THE BLANK. "ISO 26000 guidelines are laid down for___
Quality Management
Occupational Health and Safety
Information Security Management
Corporate Social Responsibility
2-In ''Collaborative Network'' of Interorgan"
ISO 26000 guidelines are laid down for Corporate Social Responsibility. It does not specifically address Quality Management, Occupational Health and Safety, or Information Security Management.
ISO 26000 is a standard developed by the International Organization for Standardization (ISO) that provides guidance on social responsibility and sustainability. The standard covers a range of issues related to corporate social responsibility, including human rights, labor practices, environmental impact, community involvement, and consumer protection.
ISO 26000 is designed to help organizations of all types and sizes improve their social and environmental performance, and to promote sustainable development.
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Questions to homework review
You are researcher who is interested in understanding trusting
and trustworthy behavior.
(a) Explain how economists measure trusting and trustworthy
behavior in the lab. O
In order to measure trusting and trustworthy behavior in the lab, economists often employ experimental games that simulate real-life decision-making scenarios.
One commonly used game is the Trust Game, which consists of two players: the "Trustor" and the "Trustee."
In the Trust Game, the Trustor is given a certain amount of money and has the to send a portion of it to the Trustee. The amount sent is typically multiplied by a factor (e.g., 2x) by the experimenter. The Trustee then has the to reciprocate by sending back a portion of the multiplied amount to the Trustor. This game captures the essence of trust and trustworthiness, as the Trustor needs to decide whether to trust the Trustee by sending money, and the Trustee has the opportunity to act in a trustworthy manner by reciprocating or exploiting the trust.
Through variations of the Trust Game and other experimental setups, economists can measure trusting behavior by examining the amount of money the Trustor sends to the Trustee. Higher amounts sent indicate higher levels of trust, while lower amounts suggest lower levels of trust.
To measure trustworthy behavior, economists observe the decisions made by the Trustee in response to the Trustor's trust. Trustworthiness is typically measured by the proportion of the multiplied amount that the Trustee returns to the Trustor. Higher proportions returned indicate higher levels of trustworthiness, while lower proportions suggest lower levels of trustworthiness.
By conducting experiments with different conditions, varying the stakes, and introducing various external factors, economists can gain insights into the factors that influence trusting and trustworthy behavior. They can also explore how trust and trustworthiness relate to other economic concepts, such as risk, incentives, and social preferences. The data collected from these experiments help economists analyze and understand the complex dynamics of trust and trustworthiness in economic interactions.
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please answer asap and show work
i need to see each step thank you
11. A poor sumo wrestler whose diet consists of only rice, chankonabe (a traditional Japanese stew) and beer wants to maximize his calorie intake. Each cup of rice has 200 calories, 0.4 grams of fat a
A sumo wrestler who lives on a diet of rice, chankonabe stew, and beer wants to get the most calorie possible.
We consider the nutritional values of each food item in the sumo wrestler's diet in order to maximise his calorie intake. Examine the nutritional value of beer, rice, and chankonabe stew.
Rice has 200 calories and 0.4 grammes of fat in every cup. On the other hand, we don't know how much protein is in rice.
Chankonabe Stew: Depending on the components used, chankonabe stew's nutritional value can change. It usually contains a variety of meats, veggies, and broth. The stew's calorie, fat, and protein contents are not known with any precision.
Beer: The calorie and carbohydrate content of beer is included in its nutritional value. It is crucial to remember that excessive alcohol drinking can have harmful consequences on one's health and should only be done in moderation.
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A company reports the following income statement and balance sheet information for the current year: Net income $149,430 Interest expense 12,999 Average total assets 1,867,000 Determine the rate earned on total assets. Round the percentage to one decimal place. %
The rate earned on total assets, also known as Return on Assets (ROA), is a financial metric that measures a company's profitability in relation to its total assets.
To determine the rate earned on total assets, we can calculate the Return on Assets (ROA) using the given information.
ROA is calculated as the ratio of net income and average total assets:
ROA = (Net Income / Average Total Assets) * 100
Plugging in the values from the given information:
ROA = ($149,430 / $1,867,000) * 100
ROA = 0.0799 * 100
ROA = 7.99%
Therefore, the rate earned on total assets is 7.99%, rounded to one decimal place.
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In the Keynesian model the demand for money for speculation: a. Varies positively with income b. Depends on income c. Decreases when the interest rate increases d. Increases when the interest rate increases
In the Keynesian model, the demand for money for speculation decreases when the interest rate increases. (Option C)
According to the Keynesian model, the demand for money for speculation purposes, also known as the speculative demand for money, is inversely related to the interest rate. When the interest rate increases, the cost of holding money for speculative purposes becomes higher, leading to a decrease in the demand for money for speculation.
The speculative demand for money refers to the desire to hold money as a store of value or for investment purposes, rather than for transactions. In the Keynesian framework, individuals and investors hold money to take advantage of investment opportunities that may arise in the future. When the interest rate increases, the opportunity cost of holding money instead of investing it in other assets or securities becomes higher. Therefore, individuals reduce their demand for money for speculation and allocate more funds toward interest-bearing assets, stocks, or bonds that offer higher returns.
This inverse relationship between the interest rate and the demand for money for speculation is a key aspect of the Keynesian theory of money demand and plays a role in shaping the overall equilibrium in the economy.
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