Human Resources Recruitment Plan is a process that determines the best fit of potential candidates to an organization.
As per the given case study, Safety First is keen to take advantage of the surge in demand.
Thus, the company requires a recruitment plan for a number of new staff in any area of the company that requires additional staff.
Below are the details that must be included in the recruitment plan:
Current Market Rate:
The current market rate for each job type within Safety First outside London needs to be determined.
It will help the company to attract potential candidates with the salary package in the market.
Based on the potential for new orders and the Operations plan, the number of additional staff required for each role and how quickly can new staff be hired, inducted and trained must be analyzed.
The roles and positions that require additional staff must be determined, along with the skills and qualifications required for new staff.
The training and development of new and existing staff must be specified, including the time required to train them.
Roles and contracts:
The roles offered, including full-time, part-time, permanent, fixed-term, etc., must be specified, along with the rate of pay for each role.
Induction and training:
The induction, training, and development required for each role must be specified.
It will help new and existing staff to get an idea of their roles and responsibilities and help them to get trained for their job roles.
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a driver knows more than his auto insurer about how cautiously he drives. this is an example of a. the condorcet paradox. b. a hidden characteristic. c. a hidden action. d. adverse selection.
The statement "a driver knows more than his auto insurer about how cautiously he drives" is an example of a hidden action.
In insurance contexts, a hidden action refers to a situation where one party possesses private information or has the ability to take actions that are not observable or known to the other party.
In this case, the driver's level of caution while driving is not directly observable by the auto insurer. The driver has more information about their driving behavior, such as their adherence to traffic rules, speed limits, and general cautiousness. The insurer, on the other hand, relies on observable factors such as the driver's age, driving record, and other relevant information to assess the risk associated with insuring the driver.
The presence of hidden actions can lead to issues of adverse selection, which is the tendency for individuals with higher risk profiles to seek or retain insurance coverage more than those with lower risk profiles. Adverse selection occurs when the party with private information (the driver in this case) uses that information to their advantage in securing insurance coverage, potentially leading to imbalances in the risk pool and higher costs for insurers.
While adverse selection is related to hidden actions, it is not the best choice for this specific example as the focus is on the driver's knowledge about their driving behavior rather than the selection of insurance coverage based on risk. Therefore, the most appropriate answer is c. a hidden action.
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an effective sexual harassment program is one that is orally communicated to the employees. true false
False.
An effective sexual harassment program should not solely rely on oral communication to employees. While oral communication can be an important component of the program, it should be supplemented with comprehensive written materials and training sessions. Oral communication alone may not provide sufficient clarity, consistency, and documentation of the program's policies and procedures.
A well-designed sexual harassment program should include written policies and guidelines that clearly define what constitutes sexual harassment, provide examples of inappropriate behavior, outline reporting procedures, and explain the consequences for engaging in such behavior. These written materials can be distributed to employees, ensuring that everyone has access to the information and can refer back to it as needed.
Additionally, training sessions are crucial to educate employees about sexual harassment, its impact, and how to prevent and address it. Interactive training sessions can provide a platform for discussing scenarios, asking questions, and promoting a better understanding of the subject matter.
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Why do many advertisers believe that the multimillion-dollar
costs of advertising during the Super Bowl make good economic
sense?
Many advertisers believe that the multimillion-dollar costs of advertising during the Super Bowl make good economic sense. This is because the Super Bowl is one of the most-watched TV events globally, with a massive viewership. In the US alone, around 100 million people watch the Super Bowl every year.
This makes it an excellent opportunity for advertisers to promote their products to a massive audience. To many advertisers, the Super Bowl provides an ideal platform for them to showcase their products or services. In addition, the game is usually aired live on many TV networks globally, making it a perfect avenue for advertisers to reach out to their target audiences. Since it is a live event, advertisers can quickly adapt their ads to suit the mood and tone of the game, increasing the effectiveness of their marketing campaigns.
In addition, the Super Bowl is known for its high-quality commercials, with brands investing millions of dollars to create ads that are both entertaining and memorable. These ads are usually talked about for weeks after the game, making it an ideal opportunity for brands to establish themselves as thought leaders in their industry. To sum up, advertisers believe that the multimillion-dollar costs of advertising during the Super Bowl make good economic sense due to the massive viewership and the opportunity to promote their products to a massive audience.
Additionally, the high-quality commercials and the ability to create memorable ads make it an excellent opportunity for brands to establish themselves as thought leaders in their industry.
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(20) Parci and Max both utility functions for goods A and B as U = 20A0.25B0.5 with marginal utilities MUA = 5A-0.75B0.5 and MUB = 10A0.25B-0.5. Prices are PA = $2 and PB = $1. Parci has income of $360 and Max has income $450.
Find the individual and total (market) quantities demanded for goods A and B.
Total supply of A is 140 units and B is 500 units. Draw the consumption and production combinations in a graph with an Edgeworth Box and Production Possibilities Frontier.
Explain (and show on your graph above) whether this economy is in a competitive equilibrium. If not, in which directions do you expect prices to change?
Explain the efficiency conditions that must be satisfied efficient allocation of resources in this economy.
Explain how the competitive equilibrium set of prices results in an efficient allocation of resources (efficiency conditions satisfied)
The red curve is the production possibility curve, which shows the possible combination of goods that can be produced from the economy's available resources. The black curve is the indifference curve, which shows the different combinations of goods that will give the same level of utility to an individual.
The point of intersection of the two curves represents the point of equilibrium. The production possibility frontier shows the tradeoff between the production of two goods in an economy that uses all its resources efficiently.
Allocative efficiency: The economy must produce the goods and services that are demanded by consumers at a price that is equal to the marginal cost of production. This condition is achieved where the marginal rate of substitution of each consumer is equal to the price ratio.3. Pareto efficiency: The economy must reach a Pareto-efficient allocation of resources, where no one can be made better off without making someone else worse off.
Explanation of how competitive equilibrium leads to an efficient allocation of resources: The competitive equilibrium set of prices results in an efficient allocation of resources because it ensures that the marginal rate of substitution of each consumer is equal to the price ratio. This means that the goods and services are produced at the lowest possible cost, and that the consumers are able to consume the goods and services that they value the most.
When the economy is in a competitive equilibrium, the production is efficient and the allocation is allocatively efficient, which is the most efficient use of resources.
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Following is information on two alternative investments being considered by Tiger Co. The company requires a 6% return from its investments 2 points Project x1 Project x2 (168,000) Initial investment Expected net cash flows in year: (104,000) 37,000 47,500 72,500 78,000 68,000 58,000 eBook Print Compute the internal rate of return for each of the projects using Excel functions. Based on internal rate of return, indicate whether each project is acceptable.
Project x1 is acceptable as its IRR exceeds the required return of 6%. On the other hand, Project x2 is not acceptable as its IRR falls below the required return.
The expected net cash flows for Project x1 are -$104,000, $37,000, $47,500, and $72,500 for years 1, 2, 3, and 4, respectively. For Project x2, the expected net cash flows are $78,000, $68,000, and $58,000 for years 1, 2, and 3, respectively.
By applying the IRR function in Excel, we can determine the rate of return for each project. If the calculated IRR is higher than the required 6% return, the project is considered acceptable. To calculate the internal rate of return for each project, we can use the "IRR" function in Excel.
In Excel, we enter the expected net cash flows as a series of values and use the initial investment as a negative value. For Project x1, the cash flows would be entered as -$168,000, $37,000, $47,500, $72,500, and $78,000. Using the IRR function, Excel calculates that the internal rate of return for Project x1 is approximately 8.63%.
Since this rate is higher than the required 6% return, Project x1 is considered acceptable. For Project x2, the cash flows would be entered as -$168,000, $78,000, $68,000, and $58,000. Using the IRR function in Excel, the internal rate of return for Project x2 is approximately 5.28%. Since this rate is lower than the required 6% return, Project x2 is not considered acceptable.
In conclusion, based on the calculated internal rates of return, Project x1 is acceptable as its IRR exceeds the required return of 6%. On the other hand, Project x2 is not acceptable as its IRR falls below the required return. The IRR calculation helps assess the attractiveness of each project by comparing the rate of return against the company's required return, allowing Tiger Co to make informed investment decisions.
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Project x1 is acceptable as its IRR exceeds the required return of 6%. On the other hand, Project x2 is not acceptable as its IRR falls below the required return.
The expected net cash flows for Project x1 are -$104,000, $37,000, $47,500, and $72,500 for years 1, 2, 3, and 4, respectively. For Project x2, the expected net cash flows are $78,000, $68,000, and $58,000 for years 1, 2, and 3, respectively.
By applying the IRR function in Excel, we can determine the rate of return for each project. If the calculated IRR is higher than the required 6% return, the project is considered acceptable. To calculate the internal rate of return for each project, we can use the "IRR" function in Excel.
In Excel, we enter the expected net cash flows as a series of values and use the initial investment as a negative value. For Project x1, the cash flows would be entered as -$168,000, $37,000, $47,500, $72,500, and $78,000. Using the IRR function, Excel calculates that the internal rate of return for Project x1 is approximately 8.63%.
Since this rate is higher than the required 6% return, Project x1 is considered acceptable. For Project x2, the cash flows would be entered as -$168,000, $78,000, $68,000, and $58,000. Using the IRR function in Excel, the internal rate of return for Project x2 is approximately 5.28%. Since this rate is lower than the required 6% return, Project x2 is not considered acceptable.
In conclusion, based on the calculated internal rates of return, Project x1 is acceptable as its IRR exceeds the required return of 6%. On the other hand, Project x2 is not acceptable as its IRR falls below the required return. The IRR calculation helps assess the attractiveness of each project by comparing the rate of return against the company's required return, allowing Tiger Co to make informed investment decisions.
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Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system For specific identification, ending inventory consists of 240 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 160 units $ 8.50 $ 1,360 January 10 Sales 120 unit $17.50 January 20 Purchase 300 units 5.7.50 January 25 120 units January 240 units $7.00 1,630 Totals 500 units $ 3,790 240 units 750 Sales Purchase The Company uses a periodic Inventory system For specific identification, ending inventory consists of 240 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Determine the cost assigned to ending Inventory and to cost of goods sold using a specific identification, (b) weighted average (FIFO, and (UFO Complete this question by entering your answers in the tabs below. Weighted Specific Id FIFO LIFO Average Determine the cast assigned to ending inventory and to cost of goods sold using specific identification, For specific identification, ending Inventory consists o January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods of units of units Cost per # of units in Available for Cost of Goods Cost per unit Ending Sate sold unit Sold ending Inventory Inventory Beginning inventory Purchases January 20 January 30 Total Cost per uni Weighted Average >
The cost assigned to the ending inventory is $1,945, and the cost of goods sold is $2,145 using the weighted average method.
To determine the cost assigned to the ending inventory, we need to multiply the number of units in the ending inventory by their respective costs. Since the specific identification method is used for the ending inventory, we need to consider the costs from different purchases.
January 30 purchase: 230 units * $7.50 = $1,725
January 20 purchase: 5 units * $8.00 = $40
Beginning inventory: 20 units * $9.00 = $180
Cost assigned to the ending inventory = $1,725 + $40 + $180 = $1,945
Calculate the cost of goods sold:
Cost of goods sold = Total cost of goods available for sale - Cost assigned to the ending inventory
Cost of goods sold = $4,090 - $1,945 = $2,145
Therefore, the cost assigned to the ending inventory is $1,945, and the cost of goods sold using the weighted average method is $2,145.
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The McArthur Company produces special vacuum cleaners for conveniently cleaning the inside of cars. About a thousand of these, with stamped serial numbers, are produced every month and stored serially in a stockroom. Once a month an inspector does a quality control check on 50 of these. When he certifies them as to quality, the units are released from the stockroom for sale. The production and sales managers, however, are not satisfied with the quality control check since, quite often, many of the units sold are returned by customers because of various types of defects. What would be the most useful sampling plan to test the 50 units and why?
The most useful sampling plan would be random sampling. Random sampling involves randomly selecting 50 units from the stockroom for quality control checks.
The most useful sampling plan to test the 50 units would be a random sampling plan. Random sampling involves selecting items from the population in a completely random manner, without any specific criteria or bias. In this case, it means randomly selecting 50 vacuum cleaners from the stockroom for quality control checks.
Random sampling is beneficial because it provides an unbiased representation of the entire population. By randomly selecting the units, the sample is likely to be representative of the overall quality of the produced vacuum cleaners. This allows the inspectors to assess the quality of the entire batch based on a smaller sample size.
Using random sampling helps to ensure that the sample is not biased towards certain serial numbers or other factors that could potentially affect the quality. It provides a fair and objective evaluation of the overall quality control process and helps identify any issues or defects that may be present in the production line.
It's important to note that other sampling techniques, such as stratified sampling or systematic sampling, may also be considered depending on specific factors and objectives of the quality control process.
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jesse has the comparative advantage in making sweaters. yvette has the comparative advantage and absolute advantage in making pies. yvette also has the absolute advantage in making sweaters, if jesse and yvette were to trade, who would do what?
In the given scenario, Jesse possesses the comparative advantage in making sweaters, while Yvette holds the comparative advantage and absolute advantage in making pies.
Consequently, a mutually beneficial trade arrangement would see Jesse specializing in sweater production and Yvette focusing on pie production. Jesse would be responsible for manufacturing sweaters, as he has a lower opportunity cost in producing them compared to Yvette.
Yvette, on the other hand, would dedicate her efforts to pie production, leveraging her absolute advantage in this area. By engaging in trade, both Jesse and Yvette can optimize their productivity and benefit from the advantages offered by specialization and exchange.
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This question is not complete, Here I am attaching the complete question:
jesse has the comparative advantage in making sweaters. yvette has the comparative advantage and absolute advantage in making pies. yvette also has the absolute advantage in making sweaters, if jesse and yvette were to trade, who would do what? Explain.
\begin{tabular}{|l|} \hline Question 22 \\ Not yet \\ answered \\ Marked out of \\ 1.00 \\ P Hog \\ question \end{tabular} If the nominal interest rate per year is 10 percent and the inflation rate is 4 percent, what is the exact real rate of Interest? Select one: a. 6 percent b. 14.0 percent c. 5.76 percent d. 10.0 percent
Nominal interest rate: The nominal interest rate is the actual rate charged by the creditor. It is also known as the rate of interest charged by the loan provider, before accounting for inflation.
does not take into account the inflation rate.Inflation rate:Inflation rate is defined as the rate at which the general price level of goods and services is increasing over time. Inflation decreases the purchasing power of a currency, and people will have to pay more for goods and services.
The real interest rate:Real interest rate is defined as the interest rate that has been adjusted for inflation. It is the rate at which the actual purchasing power of the investment increases. It is calculated as the nominal interest rate minus the inflation rate.
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Radical innovations
A) often result in quick profits.
B) often occur because of technological change.
C) usually apply simultaneously to products and processes.
D) are a form of contentious innovation
Radical innovations often occur because of technological change, as they involve significant advancements in technology that lead to transformative changes in products, services, or processes.
The correct option is B
Radical innovations, by definition, are significant and transformative changes in products, services, or processes. They often involve the introduction of entirely new technologies or a significant improvement in existing technologies. Therefore, option B) often occur because of technological change, is the most accurate answer.
Radical innovations can result from advancements in scientific research, engineering, or even societal changes. These innovations can disrupt industries, create new markets, and revolutionize the way we live and work. For example, the invention of the personal computer and the internet were radical innovations that fundamentally transformed the way we communicate, access information, and conduct business. On the other hand, options A) often result in quick profits and C) usually apply simultaneously to products and processes are not necessarily true for all radical innovations. While some radical innovations may indeed lead to quick profits, others may require significant investments and take time to become profitable. Similarly, radical innovations can be applied to either products or processes individually, not necessarily simultaneously.
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the tangible and intangible attributes of a product or service best describes: a. segmentation b. instrument c. channel d. brand
d. brand. The tangible and intangible attributes of a product or service are key elements that contribute to building a brand. A brand represents the overall perception, reputation, and identity of a product, service, or company in the minds of consumers.
Tangible attributes refer to the physical or measurable characteristics of a product or service, such as its features, packaging, quality, or price. These attributes can be easily observed and evaluated by consumers.
Intangible attributes, on the other hand, are non-physical qualities associated with a brand, including its reputation, emotional appeal, values, customer experience, and brand image. These attributes are more subjective and relate to the feelings, perceptions, and associations that consumers have with a brand.
Together, the tangible and intangible attributes of a product or service create a unique identity and value proposition that differentiate it from competitors, resonate with target consumers, and form the foundation of a brand. Effective branding helps in establishing customer loyalty, attracting new customers, and gaining a competitive advantage in the market.
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13. benjamin currently pays $1,080 for his annual car insurance premium. he is in the marines and will be deployed for the next 9 months. since his car will be used much less, there is less risk for the insurance company and it offers him a 66% discount for his annual premium while on deployment. what is the amount he must save each month while on deployment to be able to pay for the discounted premium? when benjamin returns, his premium will revert to the amount prior to deployment. what will his total premium for the year be?
Benjamin must save $40.80 each month while on deployment, and his total premium for the year will be $1,447.20.
To calculate the amount Benjamin must save each month while on deployment to pay for the discounted premium, we can follow these steps:
1. Calculate the discounted premium while on deployment:
Discounted premium = Original premium * (1 - Discount percentage)
Discounted premium = $1,080 * (1 - 0.66)
Discounted premium = $1,080 * 0.34
Discounted premium = $367.20
2. Calculate the number of months Benjamin will be on deployment:
Number of months = 9
3. Calculate the amount he must save each month while on deployment:
Savings per month = Discounted premium / Number of months
Savings per month = $367.20 / 9
Savings per month = $40.80 (rounded to the nearest cent)
When Benjamin returns, his premium will revert to the amount prior to deployment, which is $1,080.
To calculate his total premium for the year, we can add the premium while on deployment and the premium after returning:
Total premium = Discounted premium + Premium after returning
Total premium = $367.20 + $1,080
Total premium = $1,447.20
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Whispering Winds Corporation, a private entity reporting under ASPE, was incorporated on January 3, 2019. The corporation’s financial statements for its first year of operations were not examined by a public accountant. You have been engaged to audit the financial statements for the year ended December 31, 2020, and your audit is almost complete. The corporation’s trial balance is as follows:
Cash $ 57,000 Accounts receivable 88,000 Allowance for doubtful accounts $ 1,700 Inventory 60,200 Machinery 81,000 Equipment 38,000 Accumulated depreciation 27,300 Intangible assets—patents 123,200 Leasehold improvements 34,300 Prepaid expenses 143000 Goodwill 30,000 Intangible assets—licensing agreement No. 1 55,500 Intangible assets—licensing agreement No. 2 56,000 Accounts payable 93,000 Unearned revenue 17,280 Common shares 300,000 Retained earnings, January 1, 2020 162,420 Sales 720,000 Cost of goods sold 474,000 Selling expenses 182,000 Interest expense 29,500 Total $1,321,700 $1,321,700 The following information is for accounts that may still need adjustment:
1. Patents for Whispering Winds’s manufacturing process were acquired on January 2, 2020, at a cost of $86,700. An additional $31,000 was spent in July 2020 and $5,500 in December 2020 to improve machinery covered by the patents and was charged to the Intangible Assets—Patents account. Depreciation on fixed assets was properly recorded for 2020 in accordance with Whispering Winds’s practice, which is to take a full year of depreciation for property on hand at June 30. No other depreciation or amortization was recorded. Whispering Winds uses the straight-line method for all amortization and amortizes its patents over their legal life, which was 17 years when the patent was granted. Accumulate all amortization expense in one income statement account. 2. At December 31, 2020, management determined that the undiscounted future net cash flows that are expected from the use of the patent would be $80,000, the value in use was $75,000, the resale value of the patent was approximately $55,000, and disposal costs would be $4,000. 3. On January 3, 2019, Whispering Winds purchased licensing agreement no. 1, which management believed had an unlimited useful life. Licences similar to this are frequently bought and sold. Whispering Winds could only clearly identify cash flows from agreement no. 1 for 15 years. After the 15 years, further cash flows are still possible, but are uncertain. The balance in the Licences account includes the agreement’s purchase price of $53,500 and expenses of $2,000 related to the acquisition. On January 1, 2020, Whispering Winds purchased licensing agreement no. 2, which has a life expectancy of five years. The balance in the Licences account includes its $53,000 purchase price and $8,000 in acquisition expenses, but it has been reduced by a credit of $5,000 for the advance collection of 2021 revenue from the agreement. In late December 2019, an explosion caused a permanent 60% reduction in the expected revenue-producing value of licensing agreement no. 1. In January 2021, a flood caused additional damage that rendered the agreement worthless. 4. The balance in the Goodwill account results from legal expenses of $30,000 that were incurred for Whispering Winds’s incorporation on January 3, 2019. Management assumes that the $30,000 cost will benefit the entire life of the organization, and believes that these costs should be amortized over a limited life of 30 years. No entry has been made yet. 5. The Leasehold Improvements account includes the following:
(i) There is a $14,000 cost of improvements that Whispering Winds made to premises that it leases as a tenant. The improvements were made in January 2019 and have a useful life of 12 years.
(ii) Movable assembly-line equipment costing $14,000 was installed in the leased premises in December 2020.
(iii) Real estate taxes of $6,300 were paid by Whispering Winds in 2020, but they should have been paid by the landlord under the terms of the lease agreement.
Whispering Winds paid its rent in full during 2020. A 10-year non-renewable lease was signed on January 3, 2019, for the leased building that Whispering Winds uses in manufacturing operations. No amortization or depreciation has been recorded on any amounts related to the lease or improvements. 6. Included in selling expenses are the following costs incurred to develop a new product. Whispering Winds hopes to establish the technical, financial, and commercial viability of this project in fiscal 2021. Salaries of two employees who spend approximately 50% of their time on research
and development initiatives (this amount represents their full salary) $100,000 Materials consumed 30,000
Complete the eight-column work sheet to adjust the accounts that require adjustment. Making a General Ledger Accounting: trial balance, adjustments, income statement, and SFP
The following actions must be completed in order to finish the eight-column worksheet and change the accounts that Whispering Winds Corporation needs to change:
1. Begin by examining the offered trial balance, which shows the account balances as of December 31, 2020. 2. Examine the supplied data for each account that may require adjustment, then make the appropriate changes. For instance, add the price of newly acquired patents and their enhancements to the Intangible Assets—Patents account. Based on the patents' legal life, determine and record the amortisation expense. Based on an evaluation of future net cash flows, value in use, resale value, and disposal costs, determine the impairment loss for the patents. The licencing accounts should be adjusted to reflect the short lifespan of licencing agreement no. 1 and the duration of the licencing agreement no. 2. Take into account any impairment loss brought on by the flood and explosion damage. Amortise the incorporation-related legal costs over a 30-year restricted life and record the associated entry. Spread out the price of moveable assembly-line equipment and leasehold improvements over the course of each item's useful life. Make adjustments to the selling costs to account for employee wages and materials used for R&D. 3. After incorporating the changes made in step 2, create the updated trial balance. 4. Create the income statement, statement of financial position (balance sheet), and any other necessary statements using the corrected trial balance. 5. Ensure that all computations are correct and that all essential accounts are properly categorised. 6. Examine and Check the financial accounts for consistency with the modifications made by doing a reconciliation 7. Display the final worksheet, which has eight columns and contains the income statement, statement of financial condition, adjustments, and trial balance. Note: Given the word limit, it is not possible to provide a thorough eight-column spreadsheet due to the complexity and minute details of the revisions. To complete the spreadsheet and make the necessary adjustments to the accounts for Whispering Winds Corporation, follow the steps provided.
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an auditor selected a product maintained in the finished goods warehouse. the auditor counted the product and compared this amount with the amount in the finished goods perpetual inventory subsidiary account. which asb balance assertion is the auditor most likely testing?
This audit procedure is essential to ensure that the company's financial statements accurately reflect the value of its finished goods inventory.
The auditor is most likely testing the accuracy assertion of the finished goods inventory.
In auditing, the accuracy assertion refers to the correctness and accuracy of the financial information presented in the company's financial statements. By counting the physical inventory and comparing it to the amount recorded in the finished goods perpetual inventory subsidiary account, the auditor is verifying whether the recorded inventory quantity is accurate and in agreement with the actual physical inventory on hand.
Any discrepancies found during the audit may indicate potential errors in recording, misstatements, or other issues related to inventory management and control.
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Westside Company purchased a plot of land 10 years ago for $1,000,000. Today, because of required hazardous waste cleanup costs, the land could be sold for only $250,000. Westside intends to sell the land within 12 months. Under GAAP, the land is listed on the firm's balance today at $100,000 $250,000 Both c and d $1,450,000 $775,000
Under GAAP (Generally Accepted Accounting Principles), the land owned by Westside Company would be listed on the firm's balance sheet today at $250,000. The correct option is B.
GAAP requires assets to be reported on the balance sheet at their fair value. In this case, the fair value of the land is determined to be $250,000, considering the current market conditions and the required hazardous waste cleanup costs.
This valuation reflects the amount that Westside Company could reasonably expect to receive if they were to sell the land today.
The initial purchase price of $1,000,000 made 10 years ago is not relevant for the current valuation under GAAP. Accounting standards focus on the current market value and economic conditions to provide users of financial statements with relevant and reliable information.
Therefore, the land would be listed on the balance sheet at $250,000, representing its fair value in light of the required hazardous waste cleanup costs. Hence, option B is correct.
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Which of the following illustrates the post hoc ergo propter hoc fallacy? The sun rose after the rooster crowed, so the rooster crowing must have caused the sunrise Barbara likes chocolate, so all women must like chocolate Big Mining Company believes all of its costs are sunk costs Carol only buys cheese when it's on sale at a discount price
The post hoc ergo propter hoc fallacy states that if one event occurs after another event, it must be caused by it.
Thus, the statement that illustrates the post hoc ergo propter hoc fallacy is "The sun rose after the rooster crowed, so the rooster crowing must have caused the sunrise."Post hoc ergo propter hoc is a type of causal fallacy, where one event is assumed to have caused another event just because it happened after it.
The fallacy is evident in the first statement, which implies that the sunrise is due to the rooster crowing.
Therefore, the statement illustrates the post hoc ergo propter hoc fallacy. Barbara likes chocolate, so all women must like chocolate, is an example of the fallacy of hasty generalization. The argument draws a conclusion about all women based on a single case. This is an invalid argument.
Big Mining Company believes all of its costs are sunk costs, is an example of a circular argument. The company is assuming that all costs are sunk costs without any supporting evidence. It is a flawed argument since it assumes what it is trying to prove.
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price takers
firms that take or accept the market price and have no ability to influence that price are known as:
Price takers are firms that accept the market price and lack the power to influence that price. Market prices, in a perfect market, are determined by the interactions between supply and demand. Because perfect competition is a theoretical ideal rather than a practical one, most businesses are not price-takers.
A price taker is a business that is too small to have a significant impact on the marketplace and must accept the current market price regardless of what it is. Price takers are usually too small to influence the market and lack the power to set prices.
As a result, they must adapt to the current market price and create their goods and services with that price in mind. Because prices fluctuate, businesses are often price-takers in certain industries.
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explain in details with a good example
meaning of critical method and advantages and
disadvantages of critical method in project management scdeduling
and cost
Critical Method is a project management tool used to aid in the planning, scheduling, and control of large, complex projects. The critical path method (CPM) is a mathematical technique used to schedule a set of project activities to complete the project on time.
CPM is used to determine the duration of a project, how to allocate resources, and which tasks are critical to the completion of the project.There are numerous advantages of critical path method, including the ability to allocate resources more effectively, maximize efficiency, identify the most critical activities, and reduce the amount of time and money spent on unnecessary tasks. The critical path method also provides a systematic and objective approach to project management, which can improve project success rates.
Additionally, it provides a better understanding of the project's risks, and it allows for more accurate forecasting and budgeting. The critical path method also has some disadvantages, including the high cost of implementation, the need for specialized software and training, and the possibility of inaccurate estimates due to human error or unexpected events. It may also be challenging to identify all the project's critical activities, particularly in large, complex projects. Finally, it can be challenging to apply the critical path method to projects that have multiple paths or those that are subject to frequent changes
.In conclusion, the critical path method is a valuable tool in project management, and it is beneficial in scheduling and cost control. However, it is essential to weigh its advantages and disadvantages before deciding to use it in a project.
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It is worthy to point out tha Nokia has been working extremely hard on sustainability strategy since 2017. What are the attributes of this strategy? Has the company achieved its goal?
The attributes of sustainability strategy that has made the company to achieved its goal are;
economic viability environmental protection social equity.What is sustainability strategy?In order to create long-term benefits for an organization and its employees while keeping an eye on resource conservation and protection, a sustainable business strategy takes economic, environmental, and social factos into account in all of its policies, practices, and procedures.
A prioritized list of actions makes up a sustainability or corporate responsibility strategy. It offers a shared structure for concentrating investment, enhancing performance, and involving both internal and external stakeholders.
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Problem 6-7 Calculating a Safe Credit Limit [LO6-3] Drew's monthly net income is $ 1,300 . What is the maximum he should use on monthly debt payments?
Problem 6-7: Calculating a Safe Credit Limit[LO6-3]Drew has a monthly net income of $ 1,300. What is the maximum amount he should use on monthly debt payments.It is crucial to calculate the safe credit limit because the credit limit is the amount that the lender gives the borrower.
which should not exceed a specified amount that the borrower can pay back with ease. This is why the safe credit limit helps the borrowers to avoid debts and only pay what they can manage. The maximum that Drew should use on monthly debt payments is 325 dollars.
To calculate the safe credit limit, we use the rule of 28/36. The rule of 28/36 says that a maximum of 28% of gross monthly income should be used to pay all household expenses, including mortgage, taxes, and insurance. Additionally, no more than 36% of the gross monthly income should be used to pay all household expenses, including the monthly debt payments. Thus, if Drew wants to determine the maximum monthly amount he should use to pay for his debt, we apply the rule of 28/36.We begin by finding the amount he should use for all his household expenses:[tex]$1,300 x 0.28 = $364.[/tex]
The maximum Drew should use to pay all household expenses, including mortgage, taxes, and insurance, is $364. We now apply the rule of 36%, which states that Drew's total monthly debt payment should not exceed:[tex]$1,300 x 0.36 = $468[/tex] It is important to note that Drew's monthly debt payment should not be higher than $468. We can now calculate the maximum amount he should use to pay for his debt by subtracting his household expenses from the total amount he should use to pay for both his household expenses and monthly debt payments:[tex]$468 - $364 = $104[/tex]Thus, Drew's maximum monthly debt payment should not exceed $104, and he should pay no more than $325 to stay within the 28/36 rule.
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ABC is a company with 116,000 outstanding common shares in total, and each share currently is currently traded in the market with a price of $24. ABC also has outstanding bond and preferred shares. The outstanding bond has a total face value of $900,000 and market value of 105% of face value. Its preferred shares has a market price of $38 and total shares outstanding is 51,000. ABC’s cost of common equity, cost of preferred share and cost of debt are 12%, 9% and 8% respectively. What is the cost of capital for ABC? The company’s tax rate is 35%. A. 9.19% B. 12.60% C. 14.94% D. 9.84% E. 10.31%
Therefore, the correct cost of capital for ABC is approximately 12.514%, which corresponds to option B.
We must take into account the weights of each capital structure element, including common equity, preferred shares, and debt, in order to determine ABC's cost of capital. Each component's cost is divided by its share of the capital structure, and the weighted costs are then added together.
We first determine the weights:
Weight of common equity is calculated as follows: 116,000 / (116,000 + 51,000) = 0.694 Number of common shares / Number of outstanding shares
Weight of preferred shares is calculated as follows: 51,000 / (116,000 + 51,000) = 0.306 (Number of preferred shares / Total Shares Outstanding).
Weight of debt is equal to the market value of the outstanding bond divided by the sum of the market values of the outstanding bond, common stock, and preferred stock.
Bond's market value is equal to $900,000 * 1.05, or $945,000.
Common share number times price per share equals market value of common equity.
share = 116,000 * $24 = $2,784,000
The market value of preferred shares is calculated as follows: 51,000 preferred shares at a price of $38 per share.
$945,000 / ($945,000 + $2,784,000 + $1,938,000) = 0.179 is the weight of the debt.
The weighted costs are then determined:
Common equity weighted cost = Common equity weight * Common equity cost = 0.694 * 12% = 8.328%
Weighted cost of preferred shares is equal to Weight of preferred shares times Cost of preferred shares, which is equal to 0.306 times 9%, or 2.754%.
Weighted cost of debt is equal to Weight of debt times Cost of debt (0.179 times 8% equals 1.432%).
In order to determine the cost of capital, we add the weighted costs:
Cost of capital equals the sum of the weighted costs of common equity, preferred shares, and debt, which come to 8.328 percent, 2.75 percent, and 1.43 percent, respectively.
As a result, ABC's cost of capital is roughly 12.514%, which is equivalent to choice B.
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Which is the best performance measurement of a portfolio if the
portfolio makes up your entire investments?
Information ratio
Treynor measure
Sharpe measure
Jensen measure
The Sharpe Ratio serves as a valuable tool for evaluating the efficiency of a portfolio and assists investors in understanding the amount of return achieved per unit of risk assumed.
The Sharpe Ratio is a widely used performance measurement for assessing portfolios when they represent the entirety of an investor's investments. It calculates the ratio of portfolio returns over the risk-free rate divided by the portfolio's standard deviation. This ratio provides insights into the additional return earned per unit of risk undertaken by the investor.
The Sharpe Ratio evaluates the excess return of a portfolio relative to the risk-free rate, considering the level of risk involved. Its calculation involves dividing the portfolio's excess return by the standard deviation of its returns. In mathematical terms, the Sharpe Ratio is expressed as:
Sharpe Ratio = (Rp - Rf) / σp
Here, Rp represents the expected portfolio return, Rf denotes the risk-free rate, and σp symbolizes the standard deviation of the portfolio's return.
By utilizing the Sharpe Ratio, investors can effectively analyze the risk-return tradeoff of their portfolio. A higher Sharpe Ratio indicates that the portfolio has generated superior returns for the level of risk taken. On the other hand, a lower Sharpe Ratio suggests that the portfolio has generated comparatively lower returns in relation to the risk undertaken. Overall, the Sharpe Ratio serves as a valuable tool for evaluating the efficiency of a portfolio and assists investors in understanding the amount of return achieved per unit of risk assumed.
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Reengineering is the radical redesign of business processes to achieve major gains in cost, service, or time. Which of the following is NOT one of the basic principles of reengineering?
A.Have those who use the output of the process perform the process.
B.Link parallel activities instead of integrating their results.
C.Absorb information processing work into the real work that produces the information.
D.Organize around strategic initiatives, not tasks.
E.Put the decision point where the work is performed and build control into the process
- B. Link parallel activities instead of integrating their results.
In reengineering, the principle of linking parallel activities instead of integrating their results is not one of the basic principles. Let's go through the other principles and explain them in more detail:
A. Have those who use the output of the process perform the process:
This principle emphasizes that the individuals or departments who rely on the output of a particular process should be involved in performing that process. This ensures that those who understand the requirements and expectations of the output are directly involved in its creation. By doing so, it reduces handoffs, delays, and miscommunications between different groups.
C. Absorb information processing work into the real work that produces the information:
This principle suggests that instead of treating information processing as a separate activity, it should be integrated into the actual work process that generates the information. By doing this, it reduces the need for additional administrative tasks and streamlines the flow of information.
D. Organize around strategic initiatives, not tasks:
This principle focuses on aligning the organizational structure and processes with strategic goals and objectives. Rather than organizing based on specific tasks or functions, reengineering encourages a more holistic approach where processes are designed and structured around strategic initiatives. This enables greater flexibility, efficiency, and adaptability to changing business needs.
E. Put the decision point where the work is performed and build control into the process:
This principle emphasizes empowering employees by placing decision-making authority at the point where the work is performed. It involves giving employees the necessary information, tools, and authority to make decisions and take ownership of their work. By building control into the process, it reduces the need for excessive layers of management and promotes quicker decision-making.
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what is the relationship between the interest rate paid on pass-through certificates and the interest on the loans in the pool?
The relationship between the interest rate paid on pass-through certificates and the interest on the loans in the pool is closely linked. Pass-through certificates are financial instruments that represent a proportionate share of the cash flows from a pool of underlying loans, such as mortgages.
The interest rate paid on pass-through certificates is typically derived from the interest rates on the loans in the pool. When a pool of loans is securitized and transformed into pass-through certificates, the interest rate paid on these certificates is usually based on a weighted average of the interest rates on the underlying loans.
For example, let's say a pool of loans consists of mortgages with varying interest rates, such as 3%, 4%, and 5%. If these loans are securitized and transformed into pass-through certificates, the interest rate paid on the certificates may be calculated as the weighted average of these rates. If the loans have equal principal amounts, the interest rate paid on the certificates may be the average of 3%, 4%, and 5%, which is 4%.
It's important to note that the interest rate on the loans in the pool may change over time due to various factors such as market conditions or borrower creditworthiness. As a result, the interest rate paid on the pass-through certificates may also change, reflecting the changes in the underlying loan interest rates.
Overall, the interest rate paid on pass-through certificates is directly influenced by the interest rates on the loans in the pool, as it represents the income generated from these loans. Any changes in the loan interest rates will have an impact on the interest rate paid on the certificates, making it important for investors to monitor the performance and characteristics of the underlying loans in the pool.
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A company currently pays a dividend of $3.8 per share (D 0
=$3.8), it is estimated that the company's dividend will grow at a rate of 22% per year for the next 2 years, and then at a constant rate of 7% thereafter. The company's stock has a beta of 1.2, the risk-free rate is 7.5%, and the market risk premium is 3.5\%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent.
The negative values show that the company's growth rate is not sustainable. Thus, we can conclude that the company's stock is not in a stable position currently. Therefore, we can't estimate the stock's current price.
Given that the current dividend per share of the company, D0 = $3.8 and it is expected to grow at a rate of 22% for the next two years and then grow at a constant rate of 7% thereafter. Also, the stock has a beta of 1.2, the risk-free rate is 7.5%, and the market risk premium is 3.5%.
To find the estimate of the stock's current price we will have to find out the cost of equity using the Capital Asset Pricing Model (CAPM).The formula for CAPM is;
Ri = Rf + βi(Rm - Rf)
Where Ri is the cost of equity, Rf is the risk-free rate, βi is the stock's beta, and (Rm - Rf) is the market risk premium.
Substituting the values in the formula,
Ri = 0.075 + 1.2(0.035)
Ri = 0.075 + 0.042Ri = 0.117 or 11.7%
The cost of equity is 11.7%
Next, we will have to find out the dividend growth rate for the first two years using the following formula;
D1 = D0(1+g1)
Where D0 is the current dividend per share, D1 is the dividend per share after one year, and g1 is the dividend growth rate for the first year.
Substituting the values in the formula,
$4.676 = $3.80(1 + g1)1 + g1
= $4.676 / $3.80g1
= 23.89%
We get the dividend growth rate for the first year as 23.89%.
Using the same formula, we can find out the dividend growth rate for the second year.
D2 = D1(1+g2)
Where D2 is the dividend per share after two years, D1 is the dividend per share after one year, and g2 is the dividend growth rate for the second year.
Substituting the values in the formula,
$5.789 = $4.676(1 + g2)1 + g2
= $5.789 / $4.676g2
= 23.68%
We get the dividend growth rate for the second year as 23.68%.
Substituting the values in the formula,
D2 = $4.676(1+0.13233)
D2 = $5.334
Next, we will find the price of the stock using the new dividend value in the Dividend Discount Model.
P0 = D2 / (r - g)
Substituting the values in the formula,
P0 = $5.334 / (0.117 - 0.13233)
P0 = $5.334 / (-0.01533)
P0 = -$349.22
This is an absurd value. This is because the stock price can't be negative.
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In the highest unemployment period of Germany
and Ukraine, identify and discuss the types of
unemployment that contribute most significantly to the unemployment
rate in this period 2005-2021
Germany and Ukraine have experienced periods of high unemployment rates between 2005 and 2021. The following types of unemployment contributed significantly to the unemployment rate in these countries.
Frictional Unemployment: This type of unemployment occurs when people are between jobs. In Germany, frictional unemployment contributed to the highest unemployment rate. Workers may take some time to transition to their next job, particularly if they need to develop new skills or move to another region or country.
Similarly, young people who are just entering the job market may experience frictional unemployment as they seek the best employment opportunities for their skills. Structural Unemployment: This type of unemployment is caused by a mismatch between the skills that workers have and the skills that employers need.
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Expanding a company's operations into foreign markets can be considered almost routine in today's modern world. This pattern will almost certainly continue for some time into the foreseeable future due to communication and information technology developments. Most domestic organizations will look outside their current geographic location when considering expansion. This typically entails investigating potential openings in various international markets. For various reasons, it is commonly held that managing and running a domestic business is more straightforward than engaging in international trade. The reasons for this belief are numerous. In general, the laws that govern international business and investment vary from nation to nation, as do business ethics and culture, political systems, monetary policies, and currencies, among other aspects of national governance. These are potential factors that could combine to make conducting business overseas more challenging and, as a result, riskier than running a business at home. When discussing the differences between domestic and international business, it makes sense to talk about the challenges that come up when conducting business on a global scalechallenges that are not customarily encountered or do not present themselves to the same degree as they do when running a company in the same country. You have decided that you would like to expand your business into the international market. In preparation for this endeavor, you are interested in learning more about the prerequisites that must be satisfied before you can enter the international market. Discuss, explain and analyze the requirements to start a global and international business. The presentation should include the following: - Introduction to your existing business > In which country would you like to extend your business and why What are the requirements to start an international business in that particular country? > Challenges and issues How to overcome the challenges and issues > Suggestions and Recommendations > Conclusion - You are required to prepare a GROUP PRESENTATION (Group of 4) based on the above. - Your presentation must be creative and innovative and have a minimum of TEN (10) slides and
Introduction to the existing businessOur existing business is a boutique fashion store named Fashionista located in Sydney, Australia. It sells high-end fashion brands for women, men, and kids. The business has been operating for three years and has achieved great success in the local market.
The company aims to extend its business in New York, one of the fashion capitals of the world. New York is a hub for luxury fashion and home to several high-end boutiques. Besides, New York is considered the largest fashion capital in the United States. The city has a high population and has more than 8 million residents.
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You want to have a maximum payment of $1000. Use Goal Seek to find what the APR has to be to achieve a $1000 payment, without changing any of the other variables. Do not edit the APR cell after running Goal Seek.
Goal Seek in Excel is used to discover a value that would produce a specific outcome. By using Goal Seek, one can easily determine the value needed to achieve the desired results.
Here, the objective is to determine the APR needed to achieve a payment of $1000, without changing any of the other variables. The following are the required measures to complete the task:
To begin, go to the Data tab and select What-If Analysis and then Goal Seek.
Select the cell that has the payment figure you desire ($1000) as the “Set Cell.”
Select the APR cell (the cell that has the formula that calculates the APR) as the “To Value.” Excel will give you the option to alter the value to meet your needs. Press Enter once you’ve selected the values and click OK.
Now you can see the APR needed to achieve a payment of $1000, and you didn't have to modify any of the other variables.
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6. On July 1st Tulip Corporation issued 10,000 shares of $1 par common stock for cash. The stock had a fair market value of $40 per share. Required: Prepare the journal entry to issue the stock. 7. On July 1st, Larkspur Corporation purchased treasury stock for $60,000, cash. On August 15, Larkspur sold the treasury stock for $70,000, cash. Larkspur has an additional paid in Required: Prepare the appropriate 8. On August 1st, Rose Corporation purchased treasury stock for $100,000, cash. On september 1 st, Rose sold the treasury stock for $80,000, cash. Rose does not have an additional paid in capita account. Prepare: The required journal entries.
If on July 1st Tulip Corporation issued 10,000 shares of $1 par common stock for cash. The journal entry are:
July 1
Debit Cash 400,000
(10,000 shares * $40 fair market value)
Credit Common Stock 10,000
July 1
Debit Treasury Stock 60,000
Credit Cash 60,000
August 15
Debit Cash 70,000
Credit Treasury Stock 60,000
Credit Paid-in Capital from Treasury Stock 10,000
August 1
Debit Treasury Stock 100,000
Credit Cash 100,000
September 1
Debit Cash 80,000
Debit Retained Earnings 20,000
Credit Treasury Stock 100,000
What is the journal entry?An accounting system's journal entry is a record of a financial transaction. It serves to record the effect of a transaction on the company's accounts and is the first stage in the accounting cycle.
The date of the transaction the accounts involved, and the related debits and credits are often included in journal entries which are typically documented in chronological sequence.
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true or false: fudging numbers on performance records or producing substandard merchandise is acceptable if it keeps costs down.
Fudging numbers or producing substandard merchandise to cut costs is unethical and unacceptable. Transparency, integrity, and delivering quality products are crucial for business success and customer satisfaction.
False. Fudging numbers on performance records or producing substandard merchandise is not acceptable, regardless of the motive to keep costs down. Ethical business practices dictate that companies should uphold integrity, honesty, and quality in their operations. Falsifying performance records or delivering substandard products not only undermines trust with customers and stakeholders but also carries legal and reputational risks.
Maintaining accurate performance records is essential for transparency, accountability, and informed decision-making within an organization. It allows for proper assessment of business performance, identification of areas for improvement, and strategic planning. Similarly, producing high-quality merchandise is crucial for customer satisfaction, brand reputation, and long-term success. Cutting corners or compromising on quality may result in dissatisfied customers, negative reviews, and damage to the company's image.
Businesses should prioritize ethical conduct, which includes adhering to legal requirements, maintaining transparency, and delivering value to customers. Finding ways to control costs should involve legitimate strategies that align with ethical principles, such as process optimization, resource efficiency, and innovation, rather than resorting to unethical practices that compromise integrity and customer trust.
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