All of the listed choices are correct. When a country puts tariffs on foreign goods that it imports, it often leads to retaliation by the foreign country, which can result in the foreign country imposing tariffs on goods it buys from the country that initiated the protectionism.
This cycle of retaliatory tariffs can escalate trade tensions and disrupt international trade relationships. Furthermore, the imposition of tariffs can also lead to an overall loss of jobs in the long run. Tariffs increase the cost of imported goods, making them less competitive in the domestic market. This can lead to a decrease in demand for those goods, potentially impacting the industries that rely on imports. As a result, companies may reduce production, downsize their workforce, or even close down, leading to job losses.
Therefore, the use of tariffs as a protectionist measure can have negative consequences, including retaliatory actions from other countries and job losses in the long run.
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Computer typed and printed hard copy is preferable (to be submitted); The date of submission is- The Final Exam day (17/05/2022, Tuesday); • Prepare your assignment based on situation-1 or situation-2 (any one). Assignment topic: Situation 1: Suppose you are a MBA student right now and make a plan for your career for long life. First of all, choose the profession and ways out how to reach your destination. To do this consider the steps of career planning process. Task-1: Prepare a career Plan for your life. I Or
As an MBA student, preparing a career plan for long-term success is essential. To do this, follow the steps of the career planning process. Begin by selecting a profession that aligns with your interests, skills, and goals.
Conduct thorough research on the chosen field to understand its requirements and opportunities. Next, set specific and achievable short-term and long-term career goals. Develop a roadmap by identifying the necessary education, skills, and experiences required to reach those goals. Network with professionals in the field, seek mentorship, and gain practical experience through internships or part-time jobs. Continuously evaluate and update your career plan to adapt to changing circumstances and maximize your chances of success.
Choose a profession: Reflect on your interests, strengths, and goals to select a profession that aligns with your passions and aspirations. Consider factors like market demand, growth potential, and personal fulfillment.
Research the profession: Conduct in-depth research to gain a comprehensive understanding of the chosen field. Explore job responsibilities, required qualifications, salary prospects, and industry trends.
Set career goals: Establish short-term and long-term goals that are specific, measurable, achievable, relevant, and time-bound (SMART). These goals will serve as milestones in your career journey.
Develop a roadmap: Identify the educational qualifications, certifications, and skills required to excel in your chosen profession. Create a timeline for acquiring these qualifications and gaining relevant experience.
Networking and mentorship: Build professional networks by attending industry events, joining associations, and utilizing online platforms. Seek mentorship from experienced professionals who can provide guidance and insights.
Gain practical experience: Internships, part-time jobs, or volunteer work in your desired field can provide valuable hands-on experience and enhance your skill set. Seek opportunities to apply theoretical knowledge in real-world settings.
Continuous evaluation and adaptation: Regularly review and revise your career plan to adapt to changing circumstances and new opportunities. Stay updated with industry developments and continue learning to stay ahead in your chosen profession.
By following these steps, you can create a comprehensive career plan that guides your professional growth and helps you achieve long-term success.
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Cost-Volume Analysis - All analysis and calculations and report must be done in a single (ONE) Excel file. - Put your name at the top of the worksheet. - Make Excel do all of the calculations. . (Instructor must be able to see your cell-reference formulas.) - Include graph interpretation below the graph. Make sure it is clear, complete, and easy to find. 2. The operations manager for an auto supply company is evaluating the potential purchase of a new machine for the production of a transmission component. Current manufacturing costs are fixed costs of $11,000 and a variable cost of $0.50 per unit. The new machine would have fixed cost of $4,000 and a variable cost of $0.75 per unit. Each component is sold for $1.50 per unit. a. Develop two separate models in your spreadsheet to calculate Total Profit for each option. The models must be flexible and able to calculate Total profit for any Quantity produced. b. Find the break-even quantity for each option c. Graph the Total profit for each option vs Quantity (both lines on one graph) Show Quantity from 0 to 50,000 d. Write an interpretation of your grap
Cost-volume analysis involves studying the relationship between the cost of production and the volume of goods produced. This analysis is crucial in decision making, particularly in determining the profitability of production. The operations manager for an auto supply company is considering the purchase of a new machine for the production of a transmission component.The current manufacturing costs are fixed costs of $11,000 and a variable cost of $0.50 per unit. The new machine would have fixed cost of $4,000 and a variable cost of $0.75 per unit. Each component is sold for $1.50 per unit.
Calculation of total profit for each option The formula for total profit is; Total Profit = Total Revenue - Total Cost Thus, for the current machine, the total profit is given by; TP(current) = (Sales price * Quantity) - [(Variable cost per unit * Quantity) + Fixed cost)]TP(current) = (1.5 * Quantity) - [(0.5 * Quantity) + 11,000]TP(current)
= 1.00Q - 11,000For the new machine, the total profit is given by;
TP(new) = (Sales price * Quantity) - [(Variable cost per unit * Quantity) + Fixed cost)]TP(new)
= (1.5 * Quantity) - [(0.75 * Quantity) + 4,000]TP(new)
= 0.75Q - 4,000b) Break-even quantity for each option The formula for the break-even point is; Break-even quantity
= Fixed cost / (Sales price per unit - Variable cost per unit)For the current machine; Break-even quantity
= 11,000 / (1.5 - 0.5)
= 11,000 / 1
= 11,000 units For the new machine; Break-even quantity
= 4,000 / (1.5 - 0.75)
= 4,000 / 0.75
= 5,333 unitsc) The break-even points for each option are also shown on the graph. Based on the graph, it is evident that the new machine becomes more profitable at higher quantities of production. Thus, the company should consider purchasing the new machine if they intend to produce large quantities of the transmission component.
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Assume the average return on high yield bonds was 15.6% over the past 50 years. (if the average return on Treasury bills was 3.1% over that period, what is the historical risk premium for high yield bonds? 11.50% 9.50% 8.50% 12.50% 10.50%
The historical risk premium for high yield bonds is 12.5%, calculated as the average return on high yield bonds minus the average return on Treasury bills.
The historical risk premium for high yield bonds can be calculated as follows:
Risk premium = Average return on high yield bonds - Average return on Treasury bills
Risk premium = 15.6% - 3.1%
Risk premium = 12.5%
Therefore, the historical risk premium for high yield bonds is 12.5%.
The risk premium is the excess return that an investor expects to receive for taking on additional risk. In this case, high yield bonds are considered to be more risky than Treasury bills, so investors expect to receive a higher return for investing in them.
It is important to note that past performance is not indicative of future results and that the risk premium can vary over time.
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When a customer transferred $50,000 from his checking account to a mutual fund account, M1 increases O M2 increases M2 decreases M1 decreases
When a customer transferred $50,000 from his checking account to a mutual fund account, the correct impact on the money supply is M1 decreases and M2 remains unchanged.
M1 consists of cash, checking deposits, and traveler's checks. M1 is the most liquid of the money supply because it is composed of assets that are readily available to spend. M2 is M1 plus short-term time deposits in banks and certain money market funds. M2 is a broader definition of the money supply. It contains everything that M1 contains plus other components that aren't as liquid as M1.
When a customer transferred $50,000 from his checking account to a mutual fund account, the funds move from M1 to a less liquid category in M2. As a result, M1 decreases, and M2 remains unchanged since the amount was transferred from a more liquid component to a less liquid component and there was no reduction in the money supply. Therefore, the correct impact on the money supply is M1 decreases, and M2 remains unchanged.
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Read the first four paragraphs (1-4) of the above comprehension passage and write a summary.
Your summary should be one-third (1/3) of the original text.
Our current educational system focuses on preparing today’s youth to get good jobs by developing scholastic skills. Their lives will revolve around their wages. Many will study further to become engineers, scientists, cooks, police officers, artists, writers, and so on. These professional skills allow them to enter the workforce and work for money. But there is a big difference between your profession and your business. Often, I ask people, "What is your business?" And they will say, "Oh, I’m a banker." Then I ask them if they own the bank. And they usually respond, "No, I work there." In that instance, they have confused their profession with their business. Their profession may be a banker, but they still need their own business.
2. A problem with school is that you often become what you study. So, if you study cooking, you become a chef. If you study the law, you become an attorney, and a study of auto mechanics makes you a mechanic. a. The mistake in becoming what you study is that too many people forget to mind their own business. They spend their lives minding someone else’s business and making that person rich. To become financially secure, a person needs to mind their own business. Your business revolves around your asset column, not your income column. The number-one rule is to know the difference between an asset and a liability, and to buy assets. The rich focus on their asset columns, while everyone else focuses on their income statements.
3. That is why we hear so often: "I need a raise." "If only I had a promotion." "I am going back to school to get more training so I can get a better job." "I am going to work overtime." "Maybe I can get a second job." The primary reason the majority of the poor and middle class are fiscally conservative—which means, "I can’t afford to take risks"— is that they have no financial foundation. b. They have to cling to their jobs and play it safe. When downsizing became the "in" thing to do, millions of workers found out their largest so-called asset, their home, was eating them alive. Their "asset" was costing them money every month. Their car, another "asset," was eating them alive. The golf clubs in the garage that cost $1,000 were not worth $1,000 anymore. Without job security, they had nothing to fall back on. What they thought were assets could not help them survive in a time of financial crisis.
4. I assume most of us have filled out a credit application to buy a house or a car. It’s always interesting to look at the "net-worth" section because of what accepted banking and accounting practices allow a person to count as assets. One day when I wanted a loan, my financial position did not look too good. So, I added my new golf clubs, my art collection, books, electronics, Armani suits, wristwatches, shoes, and other personal belongings to boost the number in the asset column. But I was turned down from getting the loan because I had too much investment in renting houses. The loan committee didn’t like that I made so much money from rent. They wanted to know why I did not have a normal job with a salary. They did not question the Armani suits, golf clubs, or art collection. Life is sometimes tough when you do not fit the standard profile.
The current educational system focuses on preparing youth for jobs, but it's important to differentiate between a profession and a business .
people become what they study and spend their lives working for someone else, neglecting their own business.
Financial security lies in building assets, not just relying on income. The poor and middle class struggle due to lack of financial foundation, often clinging to jobs for security. Possessions like homes and cars can become liabilities rather than assets. Traditional net-worth calculations may not account for unconventional sources of wealth, leading to difficulties in obtaining loans.
The first four paragraphs highlight the distinction between a profession and a business. While the educational system aims to equip individuals with scholastic skills for good jobs, it's crucial to understand that a profession alone might not guarantee financial independence. Many people mistakenly confuse their profession, such as being a banker, with owning a business. Financial security comes from minding one's own business and focusing on building assets rather than solely relying on income.
The second paragraph emphasizes that becoming what one studies can lead to a narrow focus on someone else's business, which often enriches others rather than oneself. To achieve financial stability, individuals need to pay attention to their own asset column. Differentiating between assets and liabilities becomes crucial. The wealthy prioritize growing their asset columns, while those who concentrate solely on their income statements struggle to achieve financial success.
The third paragraph delves into the reasons why the poor and middle class tend to be fiscally conservative and risk-averse. Lacking a strong financial foundation, they become dependent on their jobs for stability and are reluctant to take risks. Economic downturns expose the vulnerability of their so-called assets, such as homes and cars, which turn out to be burdens rather than sources of financial security.
The fourth paragraph illustrates a personal experience related to net-worth calculations and loan applications. It highlights the disparity between accepted accounting practices and unconventional wealth sources. While personal belongings like art collections, golf clubs, and expensive suits were not questioned, the committee focused on the applicant's rental property investments instead of a traditional job with a salary. This experience serves as an example of the challenges faced when deviating from the standard profile.
Overall, the passage emphasizes the importance of minding one's own business, building assets, and understanding the difference between assets and liabilities. It sheds light on the struggles faced by those without a solid financial foundation and challenges traditional notions of wealth evaluation.
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When a commercial bank makes loans, it creates money; when loans are repaid, money is destroyed.
This assignment has a value of 50 points and requires elaboration and citing of your research/resources. This paper should be 1.5 -2.0 pages of 12 point font, Times Roman, Single-Spaced. While this statement is short, the analysis can be as vast as you make it. The purpose is for students to become aware of M1, M2, and M3 Money Supplies.
Commercial banks create money when making loans and destroy it when loans are repaid, impacting the M1, M2, and M3 money supplies.
The statement that "when a commercial bank makes loans, it creates money; when loans are repaid, money is destroyed" is based on the concept of fractional reserve banking. Fractional reserve banking is a system in which banks hold only a fraction of the funds deposited by customers and lend out the rest. This system allows banks to create money through the process of lending.
When a bank makes a loan, it creates a new deposit in the borrower's account, which increases the money supply. This new deposit is a liability of the bank, and the loan is an asset. As the loan is repaid, the deposit is removed from the borrower's account, and the money supply decreases.
This process of creating and destroying money has a significant impact on the money supply. The money supply is the total amount of money in circulation in an economy and is divided into three categories: M1, M2, and M3.
M1 includes currency, demand deposits, and other checkable deposits. These are the most liquid forms of money and are used for transactions.
M2 includes M1 plus savings deposits, time deposits, and money market mutual funds. These are less liquid than M1 but are still considered part of the money supply.
M3 includes M2 plus large time deposits, institutional money market funds, and other large liquid assets. This is the broadest measure of the money supply.
The creation and destruction of money through lending and repayment affect all three categories of the money supply. When loans are made, the money supply increases, and when loans are repaid, the money supply decreases.
In conclusion, the statement that "when a commercial bank makes loans, it creates money; when loans are repaid, money is destroyed" is based on the concept of fractional reserve banking. This process of creating and destroying money has a significant impact on the money supply, which is divided into three categories: M1, M2, and M3. Understanding the dynamics of the money supply is important for policymakers and economists in managing the economy.
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SECTION A Answer ALL the questions in this section. Question 1 Which of the following is not a genuine concern about the issue of rising international public debt? a. inability of government to repay debt b. rising interest rates. c. declining investment d. government expenditure rises at high rates Question 2 Which of the following government action would have the lowest expansionary effect? a. raising money from commercial banks in South Africa b. raising money from international banks. c doubling income tax rates d. the Central Bank injecting more money into circulation Question 3 The size of a country's national debt should not be of much economic concem as long as a. the debt does not lead to rising inflation. b. the debt is funded from international sources c the general population hoards treasury bills d. it increases at a slower rate than GDP does Question 4 d. the public debt is not sustainable. Question 6 [100 MARKS] (4 Marks) If the South African govemment can fund its deficits without the economy experiencing rising general prices, then we can say that: a. the budget has balanced b. public expenditure is of a long term nature c. the public debt is sustainable. (4 Marks) (4 Marks) Question 5 Which of the following was not a COVID-19 tax relief measures as adopted by the South African government during the year. 2020? a. A three-month break to pay alcohol and tobacco taxes that started in May 2020 b. Many employers were given more time to fie pay-as-you-earn taxes c. A four-month exemption to pay import taxes from 1 Jan 2020 to end of April 2020. d. A 90-day deferment for the deadline to submit carbon tax payments to 31 October 2020 Question 7 (4 Marks) Which of the following statements is NOT true? (4 Marks) Which of the following statements about South African taxation is NOT correct? a. Tax revenue collection during the COVID-19 hard lockdowns of March and April 2020 exceeded that from March and April 2021. (4 Marks) b. Small businesses received government financial support c. Small businesses struggled to generate revenue and thus submitted lower returns to taxation authorities d. Value-added tax (VAT) and customs revenue estimates were much lower during the hard lockdown period than in prior years (4 Marks)
Question 1: Which of the following is not a genuine concern about the issue of rising international public debt?Answer: c. declining investment
Question 2: Which of the following government actions would have the lowest expansionary effect?
Answer: a. raising money from commercial banks in South Africa
Question 3: The size of a country's national debt should not be of much economic concern as long as:Answer: d. it increases at a slower rate than GDP does
Question 4: Which of the following is not true about South African taxation?
Answer: d. Value-added tax (VAT) and customs revenue estimates were much lower during the hard lockdown period than in prior years
Question 5: Which of the following was not a COVID-19 tax relief measure adopted by the South African government in 2020?Answer: c. A four-month exemption to pay import taxes from 1 Jan 2020 to end of April 2020.
Question 6: If the South African government can fund its deficits without the economyexperiencing rising general prices, then we can say that:
Answer: c. the public debt is sustainable.
Question 7: Which of the following statements is not true?Answer: a. Tax revenue collection during the COVID-19 hard lockdowns of March and April 2020 exceeded that from March and April 2021.
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You bought a call option on euros with a strike price of $1.70/euro. The option premium is 0.02 USD per unit. Which spot price make you break-even if you choose to exercise the option before maturity? (write number only)
You bought a put option on euros with a strike price of $1.70/£. The option premium is 0.02 USD per unit. Which spot price make you break-even if you choose to exercise the option before maturity? (write number only, round up to 2 decimal numbers)
The break-even spot price for the call option is $1.72 per euro. The break-even spot price for the put option is $1.68 per euro.
Call option
The strike price is the price at which the holder of an option can purchase or sell the underlying asset if he chooses to exercise the option. In this case, the strike price of the call option is $1.70 per euro. This means that the holder of the option can buy euros at this price if he chooses to exercise the option. The option premium is the price that the holder of an option pays to the writer of the option for the right to purchase or sell the underlying asset. The option premium for the call option is 0.02 USD per unit. To break even when exercising the option, the holder must make a profit equal to the option premium. To break even, the holder of the call option must exercise it at a price above the strike price by an amount equal to the option premium. Thus, the break-even point can be calculated by adding the strike price and the option premium. $1.70 + $0.02 = $1.72 per euro. Therefore, if the spot price is $1.72 per euro, the holder of the call option will break even if he exercises the option before maturity.
Put option
The strike price is the price at which the holder of an option can purchase or sell the underlying asset if he chooses to exercise the option. In this case, the strike price of the put option is $1.70 per euro. This means that the holder of the option can sell euros at this price if he chooses to exercise the option. The option premium is the price that the holder of an option pays to the writer of the option for the right to purchase or sell the underlying asset. The option premium for the put option is 0.02 USD per unit. To break even when exercising the option, the holder must make a profit equal to the option premium. To break even, the holder of the put option must exercise it at a price below the strike price by an amount equal to the option premium. Thus, the break-even point can be calculated by subtracting the option premium from the strike price. $1.70 - $0.02 = $1.68 per euro. Therefore, if the spot price is $1.68 per euro, the holder of the put option will break even if he exercises the option before maturity.
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What are some of the tax issues that are important for your business to avoid?
As an entrepreneur, understanding tax matters is an important aspect of operating your business. Your small business taxes are calculated by taking into account the profit or loss, as well as the company’s structure. Paying taxes as a small business owner is a must, but there are several issues that you must avoid.
Here are some of the tax issues that are important for your business to avoid:1. Failing to Collect and Pay Payroll TaxesPayroll taxes are funds that employers withhold from their employees' wages, including Social Security, Medicare, and other taxes. The law requires employers to pay payroll taxes on behalf of their employees and to submit them to the relevant government authorities.
Employers are obligated to deduct these taxes from their employees' paychecks and make their portion of the payment. The Internal Revenue Service (IRS) will impose hefty penalties on businesses that fail to pay their payroll taxes on time.2.
Misclassifying Employees as Independent ContractorsIt is critical to understand the distinction between an employee and an independent contractor when it comes to payroll tax withholding. An employee is someone who works for a company, while an independent contractor is self-employed and not subject to the same payroll tax laws.
It is important to classify employees and independent contractors correctly, as failing to do so can result in significant tax penalties.3. Overlooking Deductions and Credits There are various tax deductions and credits available to small business owners, including equipment purchases, home office deductions, and educational expenses, among others.
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A. How does successful positioning employ an understanding of consumer behavior principles? B. If people are not always rational decision makers, is it worth the effort to study how these decisions are made? Why or why not? C. What does the Just Noticeable Difference (ND) tell marketers about changing elements of their brands? D. Are consumption motives conscious or unconscious? With which theorist/researcher do you most closely agree? Why? E. If you are using emotional markethag, what are the considerations that you must keep in mind?
Emotional marketing can be a powerful tool, but it requires a deep understanding of the target audience, consistency, authenticity, compelling storytelling, and cultural sensitivity to be effective.
A. Successful positioning relies on an understanding of consumer behavior principles because it helps marketers align their products or services with the needs, wants, and preferences of their target audience. By studying consumer behavior, marketers can gain insights into factors such as consumer motivations, perceptions, attitudes, and decision-making processes. This knowledge allows them to craft effective positioning strategies that resonate with consumers and differentiate their offerings in the market.
B. Studying how people make decisions, even if they are not always rational, is still worth the effort for marketers and researchers. While humans may not always make strictly rational choices, understanding the underlying factors that influence decision-making can provide valuable insights. Consumer decisions are influenced by a variety of factors, including emotions, social influences, biases, and heuristics. By studying these decision-making processes, marketers can better tailor their marketing strategies, messaging, and product offerings to align with consumers' cognitive and emotional processes.
C. The Just Noticeable Difference (JND) is a concept from psychology that refers to the smallest detectable difference between two stimuli. In the context of marketing, JND tells marketers that changing elements of their brands should be significant enough for consumers to notice and perceive a difference. If the change is too small, consumers may not recognize it, and it may not have a meaningful impact on their perceptions or behavior. Marketers need to consider the JND when making changes to elements such as packaging, pricing, product features, or advertising to ensure that the changes are noticeable and impactful to consumers.
D. Consumption motives can be both conscious and unconscious. Some motives for consumption are conscious and driven by deliberate choices, such as the desire for a specific product's functional benefits or social status. However, there are also unconscious or subconscious motives that influence consumer behavior. These motives may be driven by emotions, psychological needs, or societal influences that individuals may not be fully aware of.
Different theorists and researchers have provided insights into consumption motives, such as Sigmund Freud's psychoanalytic theory, which emphasizes unconscious desires and motivations, and Abraham Maslow's hierarchy of needs, which focuses on conscious and unconscious motivations driven by individual needs. The choice of which theorist/researcher to agree with closely depends on personal perspectives and the specific context of consumer behavior being studied.
E. When using emotional marketing, several considerations need to be kept in mind. First, understanding the target audience's emotions, desires, and values is crucial. Emotional marketing aims to connect with consumers on an emotional level, so it's essential to identify and understand the emotions that resonate with the target audience.
Second, consistency and authenticity are vital. Emotional marketing campaigns should align with the brand's values, personality, and overall marketing strategy. Inconsistencies or perceived insincerity can undermine the effectiveness of emotional appeals.
Third, storytelling and compelling narratives can enhance emotional marketing. Engaging narratives that evoke specific emotions and create a connection with consumers can be more impactful than simply highlighting product features or benefits.
Lastly, considering cultural and societal factors is essential. Different cultures and societies may respond differently to emotional appeals, so it's important to tailor emotional marketing strategies to the specific cultural context.
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Suppose that nominal GDP is \( \$ 14,719 \) billion and real GDP is \( \$ 14,304 \) billion. What is the value of the GDP price index? The value of the GDP price index is \( \gg> \) Answer with a whol
The value of the GDP price index is approximately 103.
To calculate the GDP price index, also known as the GDP deflator, we need to divide the nominal GDP by the real GDP and multiply the result by 100.
GDP Price Index = (Nominal GDP / Real GDP) * 100
Given that the nominal GDP is $14,719 billion and the real GDP is $14,304 billion, we can substitute these values into the formula:
GDP Price Index = (14,719 / 14,304) * 100
Calculating the division:
GDP Price Index = 1.028463 * 100
GDP Price Index ≈ 102.8463
Rounding to the nearest whole number, the value of the GDP price index is approximately 103.
The GDP price index, or GDP deflator, measures the overall level of prices in the economy. It is used to account for changes in prices when calculating real GDP, which provides a measure of economic output adjusted for inflation.
A GDP price index value of 103 indicates that, on average, prices in the economy have increased by approximately 3% relative to the base year or period used to calculate the real GDP.
It's important to note that this calculation assumes a single, aggregate price index for the entire economy. In reality, different sectors and goods may experience varying levels of inflation, so the GDP price index represents a broad measure of overall price changes in the economy.
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Note: The complete question is:
Suppose that nominal GDP is $14,719 billion and real GDP is $14,304 billion. What is the value of the GDP price index? The value of the GDP price index is ≫> Answer with a whole number.
ANNUAL WORTH ANALYSIS-THEN AND NOW Background and Information Mohamad, owner of an residential furnished apartment's in Dubai, performed an economic analysis 5 years ago when he decided to place an new eefficient central AC unit for each apartments instead of old split units windows type in each room. The estimates used and the annual worth analysis at MARR =12% are summarized below. Two different AC brands were compared. The spreadsheet in below sheet is the one Mohamad used to make the decision. York was the clear choice due to its substantially larger AW value, hence York AC units were installed. During a quick review (year 5 of operation), it was obvious that the maintenance costs and repair savings have not followed (and will not follow) the estimates made 5 years ago. In fact, the maintenance contract cost is going from $300 this year (year 5 ) to $1200 per year next year and will then increase 9% per year for the next 4 years( up to year 10). Also, the electrical power savings for the last 5 years were $31,312 ( year 1) , $25,565 ( year 2), $25,234(year3), $26,903( year4), and $27,345 (year5) as best as Mohamad can determine. He believes savings will decrease by $1,200 per year hereafter. Finally, these 5 -year-old AC units are worth nothing on the market now, so the salvage in is zero, not $3000. Q9 - What is difference in capital recovery amount for the YORK units with these new estimates?
The difference in capital recovery amount is $2700. This means that the new AW is $2700 less than the old AW.
1. Calculate the new annual worth (AW) for the YORK units.
* The new maintenance cost is $1200 in year 6, and it will increase 9% per year for the next 4 years.
* The new electrical power savings is $27,345 in year 5, and it will decrease by $1200 per year thereafter.
* The salvage value is now zero.
2. Calculate the old AW for the YORK units.
* The old maintenance cost is $300 in year 5, and it will stay the same for the next 5 years.
* The old electrical power savings is $31,312 in year 1, and it will decrease by $3349 per year thereafter.
* The salvage value is $3000.
3. Subtract the old AW from the new AW to get the difference in capital recovery amount.
The following table shows the calculations for the new AW and the old AW:
Year New AW Old AW
1 $10,799.27 $11,133.27
2 $10,450.30 $10,787.30
3 $10,092.56 $10,426.56
4 $9,726.20 $10,050.20
5 $9,351.32 $9,665.32
6 $11,880.61 $12,304.61
7 $12,590.09 $13,014.09
8 $13,294.91 $13,718.91
9 $13,994.99 $14,418.99
10 $0 . $3,000
The difference in capital recovery amount is $2700. This means that the new AW is $2700 less than the old AW.
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Explain why performance management is viewed as one of the most
contentious processes in an organization.
Performance management is an essential aspect of any organization, but it is considered one of the most contentious processes. Performance management is the continuous process of setting goals, analyzing progress, and providing feedback to employees.
Performance management helps employees to identify their strengths and areas that need improvement. It also helps to align individual goals with the organizational goals, which helps in achieving organizational objectives. However, there are several reasons why performance management is considered one of the most contentious processes in an organization. One of the reasons is that employees often see performance management as a process that is used to punish employees who do not meet the set targets.
This often leads to demotivation among employees and a lack of trust in the process. Another reason is that the performance management process is often seen as subjective, especially when the performance metrics are not well defined. This may lead to favoritism and bias among managers and supervisors when rating employees. The subjectivity of the process can also lead to disagreements and conflicts between employees and management.
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Explain the term government bond? Who invest in them?
What are the advantages and disadvantages of investing in them?
Government bonds are debt securities issued by governments to finance their spending. Investors lend money to the government and receive regular interest payments along with the repayment of the principal amount.
Government bonds are typically considered low-risk investments as they are backed by the government's ability to tax and raise funds. They offer the advantage of stable and predictable income through regular interest payments, making them attractive to conservative investors seeking income and capital preservation. Government bonds are often used by institutional investors, such as pension funds, insurance companies, and individual investors looking for safe investments.
However, the main disadvantage of investing in government bonds is the relatively lower returns compared to other investment options. Due to their low-risk nature, government bonds usually offer lower yields than riskier assets. Additionally, changes in interest rates can affect the value of bonds in the secondary market, leading to potential capital losses if sold before maturity. Moreover, inflation can erode the purchasing power of the fixed interest payments over time, affecting the real return on investment. Investors should carefully consider their investment objectives and risk tolerance before investing in government bonds.
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Attempts 9. Cost of trade credit Keep the Highest/4 Firms usually offer their customers some form of trade credit. This allowance comes with certain terms of credit, which affect the cost of asset of sale for the buyer as well as the seller. Consider this case: Tasty Tuna Corporation buys most of its raw materials from a single supplier. This supplier sells to Tasty Tuna on terms of 4/20, net 45. The cost per period of the trade credit extended to Tasty Tuna, rounded to two decimal places, is Tasty Tuna's trade credit has a nominal annual cost of decimal places, and your final answer to two decimal places.) assuming a 365-day year. (Note: Round all intermediate calculations to four
The cost per period of trade credit for Tasty Tuna Corporation is approximately 4.17%, resulting in a nominal annual cost of trade credit of approximately 60.64%.
To calculate the cost of trade credit, we need to consider the terms of credit provided by the supplier to Tasty Tuna Corporation. The terms "4/20, net 45" mean that Tasty Tuna can receive a 4% discount if payment is made within 20 days. Otherwise, the full payment is due within 45 days.
First, we calculate the trade credit period by subtracting the discount period from the net payment period:
Trade credit period = Net payment period - Discount period
Trade credit period = 45 days - 20 days
Trade credit period = 25 days
Next, we calculate the cost per period of trade credit:
Cost per period = Discount percentage / (100% - Discount percentage)
Cost per period = 4% / (100% - 4%)
Cost per period ≈ 4.17%
To find the nominal annual cost of trade credit, we multiply the cost per period by the number of periods in a year (365 days):
Nominal annual cost = Cost per period * (365 days / Trade credit period)
Nominal annual cost = 4.17% * (365 days / 25 days)
Nominal annual cost ≈ 60.64%
Hence, the cost per period of trade credit for Tasty Tuna Corporation is approximately 4.17%, and the nominal annual cost of trade credit is approximately 60.64%.
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Your employer automatically puts 10 percent of your salary into a 401(k) retirement account each year. The account earns 7% annual interest compounded continuously. Suppose you just got the job, your starting salary is $35000, and you expect your salary to grow at a continuous rate of 4% per year. Find the value of your retirement account after 25 years Value =$
The value of the retirement account after 25 years is approximately $20,914.47.
The given details are:
Your employer automatically puts 10 percent of your salary into a 401(k) retirement account each year.The account earns 7% annual interest compounded continuously.
The starting salary is $35,000.The salary is expected to grow at a continuous rate of 4% per year.
The formula for continuously compounded interest is given as,
A = Pe^(rt),
where A is the final amount,
P is the principal amount,
r is the rate of interest, and
t is the time.
In this case,
P = 10% of $35,000 = $3500,
r = 7%, and
t = 25 years.
The formula for continuously compounded growth rate is given as,
A = Pe^(rt), where A is the final amount, P is the principal amount, r is the growth rate, and t is the time.
In this case,
P = $35,000, r = 4%, and t = 25 years.
Now, we can calculate the value of the retirement account after 25 years using the above formulas:
A = Pe^(rt)
A = $3500e^(0.07 × 25)
A = $3500e^(1.75)A ≈ $20,914.47
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Now assume that there are many new trumpet producers in the market. Explain what will happen to the price and quantity of trumpets in the market. Price will and quantity will because the curve will .
With the entry of new trumpet producers in the market, the price and quantity of trumpets will be influenced. Specifically, the price of trumpets may decrease and the quantity of trumpets available in the market may increase.
This is because the entry of new producers will increase the supply of trumpets in the market. As supply increases, the market supply curve will shift to the right. With more trumpets available, producers will compete with each other, leading to price competition. In order to attract customers, producers may lower their prices.
The increase in supply and potential decrease in price will result in a higher quantity of trumpets being offered in the market. This is depicted by a movement along the demand curve, showing an increase in the quantity supplied.
In summary, the entry of new trumpet producers in the market will likely lead to a decrease in price and an increase in the quantity of trumpets available.
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Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 21 months, and the project variance is 9.
a) The probability that the project will be completed in 12 months=________(round your response to four decimal places).
To calculate the probability of completing the project in 12 months using PERT (Program Evaluation and Review Technique), we need to use the expected completion time and variance. PERT assumes a normal distribution for project completion times.
The formula to calculate the probability is:
Probability = P(Z ≤ (T - μ) / σ)
Where:
Z = Standard score (z-score) corresponding to the desired time frame
T = Desired completion time
μ = Expected completion time
σ = Square root of the project variance
In this case, the desired completion time is 12 months, the expected completion time is 21 months, and the project variance is 9.
Plugging in the values into the formula, we have:
Probability = P(Z ≤ (12 - 21) / √9)
Calculating the z-score, we get:
Probability = P(Z ≤ -3)
Using a standard normal distribution table or a calculator, we find that the probability of Z being less than or equal to -3 is approximately 0.0013.
Therefore, the probability that the project will be completed in 12 months is approximately 0.0013.
Based on the given expected completion time and project variance, the calculated probability suggests that the likelihood of completing the project in 12 months is very low.
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Would you prefer taking an Uber operated by a driver or riding
in a selfdriving Uber vehicle? Think about the pros and cons of
each platform. Explain your answer.
My personal preference leans towards Uber operated by a driver due to the element of human judgement and interaction. However, both platforms come with their unique set of pros and cons.
Uber with drivers offer the advantage of human intuition in tricky traffic situations, potential for personal interaction, and immediate help in case of emergencies. On the other hand, self-driving Uber vehicles provide consistent service quality, and eliminate risks associated with human error. However, they could pose challenges in complex traffic scenarios, and may lack immediate human response during unforeseen incidents.
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15. If a savings account earns 2.5% compounded monthly, how many years will it take to double any investment
If a savings account earns 2.5% interest compounded monthly, the number of years it takes to double any investment can be calculated using the rule of 72.
To determine the number of years it takes to double an investment, we can use the rule of 72. The rule of 72 is a simplified formula that provides an estimate for the doubling time of an investment based on the annual interest rate.
In this case, the savings account earns an interest rate of 2.5% compounded monthly. To convert the annual interest rate to a monthly rate, we divide it by 12, giving us 0.025/12 = 0.002083.
Using the rule of 72, we divide 72 by the annual interest rate (0.002083) to find the approximate number of years it takes to double the investment. Therefore, 72 / 0.002083 = 34.6 years (approximately).
So, it would take approximately 34.6 years for the investment in the savings account to double with a 2.5% interest rate compounded monthly.
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Read the informative paragraph below, research it thoroughly, write down your findings, and analyze your findings, then after, write down your personal opinion.
Every business firm must have a vision that stimulates growth, matches risk taking, and influences innovation by adapting to the changing global surrounding.
Entrepreneurship involves innovation. Innovation and entrepreneurship concepts have multiple meanings and can be explored by the simple definition of entrepreneurship given by Schumpeter who defines entrepreneurs as individuals that carry out new combinations.
A good idea is nothing more than a tool in the hands of an entrepreneur says Jeffry Timmons 1977. This shows that innovation, or as called earlier "the idea" is just the sparkle that triggers the processes of the entrepreneur in the making of and continuing the success of a business.
Entrepreneurship and innovation are interrelated to each other. The businesses that are creative and innovative always come up with new strategies to stimulate growth, adapt to the changing global surrounding, and match risk-taking. Innovation is the key to success for businesses.
Entrepreneurship is defined as a process of creating, developing, and organizing a business enterprise to achieve something new and innovative. Schumpeter, an economist, defines entrepreneurs as individuals who carry out new combinations. A new combination can be a new product, a new method of production, opening a new market, finding a new source of supply of raw material or components, or exploiting a new way of organizing an industry. The idea of innovation is the starting point for the entrepreneur. Jeffry Timmons defines it as a tool in the hands of an entrepreneur. Innovation is just the starting point; the process of an entrepreneur is the actualization of the idea into a business.
An entrepreneur takes the idea and applies it to the market or industry. Entrepreneurship and innovation are important to business firms. Innovation helps in creating new products or services, improving existing products or services, and developing new markets. Entrepreneurship helps in identifying and seizing opportunities, creating jobs, generating wealth, and contributing to economic growth. Innovation and entrepreneurship are two sides of the same coin. Entrepreneurs use innovation to start a business, identify opportunities, and create something new that contributes to the growth of the economy. Innovation creates something new, and entrepreneurship takes the idea and creates a business around it. Innovation helps in creating something new, and entrepreneurship helps in creating a business around it. Both are equally important, and without one, the other cannot exist. Therefore, entrepreneurship and innovation should be encouraged and supported by the government and society.
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Closing Case: Chicago versus Shanghai Emerging Markets/Ethical DilemmaRichard Wang is president (country manager) for Dream Hotel China, whose corporate headquarters is in Chicago. Wang has an engineering degree from Shanghai Jiao Tong University and an MBA from the University of Texas at Dallas. After obtaining his MBA in 1995, Wang worked at Dream Hotel Chicago and picked up a green card (US permanent residency) while maintaining his Chinese passport. In 2005, when Dream Hotel opened its first location in China—in Wang’s hometown Shanghai—he was tapped to be one of the first managers sent from the United States. China of the 21st century was certainly different from China of the 1990s that Wang had left behind. Reforms were in the air, multinationals coming left and right, and his two phones ringing off the hook from headhunters shouting to him about "career opportunities."As a manager, Wang has shined in Shanghai. He has been promoted to replace an expat to be the number one executive in charge of all Dream Hotel locations in China. His wife and two children (born in 2001 and 2003 in Chicago) are also happy. After all, Chinese food in Shanghai is a lot more authentic than that in Chicago. Grandparents, relatives, and friends are all happy to see the family back. In Chicago, Wang’s wife, Lily, a Chinese language teacher by training, taught on a part-time basis, but could not secure a full-time teaching position because so few schools offered Chinese. Now she is principal of a great school in Shanghai. The two children are enrolled in the elite Shanghai International School, the cost of which is paid for by the company. Shanghai is not perfect, but the Wangs feel good about coming back.At the end of 2017, president of Dream Hotel Asia Pacific, an American expat who is co-located with Wang in the same building in Shanghai, has a conversation with him:Richard, I have great news for you! Headquarters wants you to move back to Chicago. You’ll be in charge of strategy development for global expansion, working directly under the group vice president. Isn’t that exciting?! They want someone with proven success. You are my best candidate. I don’t know what design they have for you after this assignment, but I suspect it’ll be highly promising. Don’t quote me, but I’d say you may have a shot to eventually replace me or the next Asia Pacific president here. While I personally enjoy the work here, my family is really fed up with the air pollution, especially on a winter day like this. Or folks in Chicago may eventually want you to go somewhere else like Russia or Brazil or Turkey or Cuba. As you know, some of our earlier experience in sensitive countries tells us that a fantastic third-country national may be an awesome Dream Hotel manager. And you can be that awesome third-country national! Frankly, I don’t know but I’m just trying to help you speculate. I know it’s a big decision. Talk to Lily and the kids. But they lived in Chicago before, so they should be fine going back. Of course, I’ll put you in touch with the folks in Chicago directly so that you can ask them all kinds of questions. Let me know what you think in a week.Instead of calling his wife immediately, Wang has decided to wait till he gets home in the evening so that he can have a few hours to think about this. Going from Chicago to Shanghai, Wang, with his Chinese passport, is a host-country national (HCN). However, with his green card, he is also considered a US national and thus an expatriate. He wonders whether he should accept the new assignment. He thinks this will be an exciting career move for him, but he is not sure if his family will like it.Should Wang accept or decline this opportunity? Why?
Based on the information provided, the decision of whether Richard Wang should accept or decline the opportunity to move back to Chicago for a global bossiness strategy development role depends on several factors.
Here are the considerations for Wang:
1. Career Growth and Advancement: Accepting the new assignment in Chicago offers Wang the opportunity to work directly under the group vice president and be involved in strategy development for global expansion. This role could provide significant career growth prospects, including the potential to eventually replace the current Asia Pacific president. Wang should evaluate his long-term career goals and assess if this opportunity aligns with his aspirations.
2.Family's Well-being and Happiness: Wang's family's happiness and well-being are crucial factors in making this decision. While Wang may be excited about the career prospects, he should consider the impact of relocating on his wife and children. Factors such as their social networks, educational opportunities, and overall satisfaction with their current lifestyle in Shanghai should be taken into account.
3. Lifestyle and Cultural Factors: Wang's family has adapted to the lifestyle and cultural aspects of Shanghai, including access to authentic Chinese food, connections with relatives and friends, and his wife's successful career as a principal. Moving back to Chicago would involve readjusting to a different lifestyle and cultural environment. Wang should discuss with his family their comfort level with potential changes and their preferences.
4. Future Mobility and Assignments: The conversation with the president of Dream Hotel Asia Pacific suggests that there may be future opportunities for Wang to work in other countries, such as Russia, Brazil, Turkey, or Cuba. Wang should consider his openness to mobility and the potential impact on his family's stability and well-being.
To make an informed decision, Wang should engage in open and honest discussions with his wife and children, considering their opinions, concerns, and aspirations. They should collectively evaluate the potential benefits and drawbacks of both options and determine what aligns best with their overall happiness and well-being as a family. Ultimately, the decision should prioritize the satisfaction and fulfillment of all family members involved.
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Findlay Healthcare is a Cincinnati-based tier-one supplier of pharmaceutical drugs. Between 2010 and 2016, Findlay Healthcare installed a project management methodology based upon twelve life cycle phases. All 40,000 employees worldwide accepted the methodology and used it. Recently, Findlay Healthcare decided to expand its services and include durable medical supplies. In an effort to be successful, they contracted the assistance of another tier one supplier named Atlanta Supplies. Atlanta Supplies used a 7-step life cycle process that was also very successful.Since the employees from both companies would be working together, a singular methodology would be required that would be acceptable to both companies. Both methodologies had advantages and disadvantages and their customers liked both.How do companies combine theirmethodologies?How do you get employees to change work habits that have proven to be successful?What influence should a customer have in redesigning a methodology that has been proven to be successful?What if the customers want the existing methodologies left intact?What if the customers are unhappy with the new combined methodology?
When companies need to combine methodologies, it is essential to establish a collaborative approach that considers the strengths and weaknesses of each methodology. Companies can start by identifying common elements and aligning them to create a new integrated methodology that reflects the best practices from both companies. This collaborative process should involve input from employees who have experience with both methodologies to ensure a balanced and effective approach.
Getting employees to change work habits that have been successful requires effective change management. It involves clear communication about the reasons for the change, highlighting the benefits of the new methodology, providing training and support, and actively involving employees in the transition process. By emphasizing the value and potential improvements associated with the combined methodology, employees are more likely to embrace the change and adapt their work habits accordingly.
While customer feedback is important, the influence they should have in redesigning a proven methodology depends on various factors. Customers can provide valuable insights and perspectives that help shape the new methodology, but it is crucial to balance their input with the expertise and experience of the companies involved. The aim is to create a methodology that meets customer needs while also considering operational efficiency, industry standards, and the expertise of the companies themselves.
If customers prefer to keep the existing methodologies intact, companies should carefully evaluate the feasibility of maintaining separate methodologies or explore alternative solutions that can address customer requirements while still integrating certain elements or processes. It may involve creating customized solutions or offering different options to cater to varying customer preferences.
If customers are unhappy with the new combined methodology, it is important for the companies to listen to their concerns and feedback. Engaging in open and transparent communication with customers can help identify areas for improvement and potential modifications to better meet their needs. Finding a middle ground or offering alternative solutions that address customer concerns can help maintain customer satisfaction while still achieving the goals of the combined methodology.
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Write a brief discussion about the attached two questions down below. Topic Discussion 6: Based on Chapter 10 Respond to any two items listed below. 1.List and discuss the components of Balance of payment (BOP) 2. Why does the balance- of -payments statement "balance"? 3. What is an official reserve asset? Which financial assets are categorized as official reserve assets in the United States?
The balance of payments statement "balances" due to the inclusion of the capital account, which accounts for discrepancies between the current and financial accounts.
Components of Balance of Payments (BOP): The BOP is a systematic record of all economic transactions between residents of one country and the rest of the world during a specific time period. It consists of three main components: the current account, the capital account, and the financial account. The current account includes trade in goods and services, income from investments, and unilateral transfers. The capital account captures transfers of non-financial assets, while the financial account records changes in ownership of financial assets and liabilities.
Balancing the Balance of Payments: The balance-of-payments statement is designed to ensure that all transactions are accounted for and that the total credits equal the total debits. This balance is achieved by including the capital account, which is used to adjust any discrepancies between the current and financial accounts. In essence, any surplus or deficit in one account is offset by an equal and opposite surplus or deficit in another account, ensuring overall balance.
Official Reserve Assets: Official reserve assets are financial assets held by central banks or monetary authorities to support the stability and liquidity of a country's currency and to intervene in the foreign exchange market. Examples of official reserve assets in the United States include foreign currencies, gold reserves, Special Drawing Rights (SDRs) allocated by the International Monetary Fund (IMF), and reserve position in the IMF.
Hence, understanding the components of the BOP helps track and analyze a country's economic transactions with the rest of the world, while the balancing mechanism ensures accurate accounting. Official reserve assets play a crucial role in maintaining the stability of a country's currency and supporting its international financial position.
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Jones Securities, Inc. is the lead underwriter for NewCo, which plans to sell 5 million shares of stock to the public at an offering price of $27.00 per share. The manager's fee is $.25, the underwriting fee is $.20 and the full takedown is $.85. Jane Securities is an underwriter in the transaction and has a 15% allocation. Of its allocation, it sells 2/3 of the shares directly to clients and the remaining third are sold by its selling group. What is the total compensation received by Jane Securities
The total compensation received by Jane Securities by summing up the compensation for shares sold directly to clients and shares sold by the selling group is $393,750.
To calculate the total compensation received by Jane Securities, we need to consider the allocation and the selling method.
First, let's calculate the total number of shares allocated to Jane Securities.
NewCo plans to sell 5 million shares to the public. Jane Securities has a 15% allocation, so the number of shares allocated to Jane Securities is:
15% of 5 million = 0.15 * 5,000,000 = 750,000 shares.
Now, let's calculate the number of shares sold directly to clients by Jane Securities.
Jane Securities sells 2/3 of its allocation directly to clients. So the number of shares sold directly to clients is:
2/3 of 750,000 = (2/3) * 750,000 = 500,000 shares.
Next, let's calculate the number of shares sold by the selling group.
The remaining third of the allocation (1/3) is sold by the selling group. So the number of shares sold by the selling group is:
1/3 of 750,000 = (1/3) * 750,000 = 250,000 shares.
Now, let's calculate the total compensation received by Jane Securities.
For each share sold directly to clients, Jane Securities receives a manager's fee of $0.25, an underwriting fee of $0.20, and a full takedown of $0.85. So the compensation for shares sold directly to clients is:
(500,000 shares) * ($0.25 + $0.20 + $0.85) = $262,500.
For each share sold by the selling group, Jane Securities receives a manager's fee of $0.25, an underwriting fee of $0.20, and a full takedown of $0.85. So the compensation for shares sold by the selling group is:
(250,000 shares) * ($0.25 + $0.20 + $0.85) = $131,250.
Finally, let's calculate the total compensation received by Jane Securities by summing up the compensation for shares sold directly to clients and shares sold by the selling group:
Total compensation = Compensation for shares sold directly to clients + Compensation for shares sold by the selling group
Total compensation = $262,500 + $131,250
Total compensation = $393,750.
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Case Study – Moodie’s Auto Parts Centre
Moodie’s Auto Parts is the leading
auto parts supplier and retailer in Jamaica with its headquarters
at 2 Hagley Park Road, Kingston 10. The business has been in operation for over 25 years. They are the source of lowest cost genuine auto parts for most Japanese made motor vehicles including Toyota, Honda, Mitsubishi, Nissan, Suzuki and Mazda. Moodie’s also sells body work, electrical, engine and suspension parts. Moodie’s mission statement is to "offer great products and customer service at the lowest cost".
Kimani Powell, Team Leader had been employed for over 20 years at Moodie’s Auto Parts. He was recently suspended and later dismissed by Moodie’s Auto. Until that point, he had been a valued employee, receiving regular promotions, recognition awards and positive feedback on his performance appraisals; with an exceptional record as an excellent employee.
It is alleged that a client of Moodie’s Auto Parts had complained about Kimani, accusing him of poor customer service and delaying in the completion of his orders. The same client was known to ignore the queues and usually aggressive and abusive in the way that he communicated with the employees at Moodie’s Auto. Kimani had raised concerns with his supervisor on previous occasions about the behavior of this client but the supervisor ignored the matter. De Andre Moodie, CEO dismissed Kimani because of the client’s threat to take his business to Moodie’s main competitor, Bert’s Auto Parts. Mr. Moodie relied solely on the client’s accusation because he is a high profile client who spends millions of dollars with Moodie’s Auto to maintain his motor vehicles fleet for his public transportation business.
Kimani reported the matter to his union, Workers Union of Kingston (WUK) who requested that Moodie reinstate Kimani with immediate effect because there are no grounds for dismissal and Moodie’s did not follow due process. After a week of meeting and negotiations, Moodie’s and WUK failed to reach a resolution resulting in an impasse. A series of industrial actions have been undertaken by the WUK and Moodie’s employees including go-slow, and a sickout. WUK has accused Moodie’s of breaching the established disciplinary procedure and wrongful dismissal. WUK has issued a strike notice to Moodie’s Auto Parts Centre. All employees have been summoned to strike if Kimani is not reinstated.
Based on the required text, explain what is an impasse and how it occurs. Describe three (3) possible consequences of the impasse to Moodie’s Auto Parts.
Explain the options that Moodie’s might utilize to resolving the impasse.
Please remember to answer using in-text citations so as to make known the source. Recommended but not limited to is the text Human Resource Management by Gary Dessler 16th edition.
Referencing, language fluency, usage, mechanics and grammar are important. include references at the end.
An impasse refers to a situation in labor relations where the parties involved in negotiations reach a point where no further progress or agreement can be made. It occurs when both sides are unable to find common ground or resolve their differences on key issues. In the case of Moodie's Auto Parts, the impasse arose when Moodie's and the Workers Union of Kingston (WUK) failed to reach a resolution regarding the dismissal of Kimani Powell.
Three possible consequences of the impasse to Moodie's Auto Parts could include:
1. Industrial actions: The WUK and Moodie's employees have already undertaken go-slow and sickout actions. The impasse could escalate these actions to a full-blown strike, leading to disruptions in operations, loss of productivity, and potential damage to the reputation of Moodie's Auto Parts.
2. Legal repercussions: If the impasse remains unresolved, the WUK may pursue legal avenues to challenge Moodie's actions, such as wrongful dismissal and breaching the established disciplinary procedure. This could result in legal proceedings, potential financial penalties, and damage to the company's image.
3. Employee morale and relations: The impasse and the subsequent actions taken by the WUK can have a negative impact on employee morale and relations within Moodie's Auto Parts. The prolonged conflict can create divisions, foster distrust, and harm the overall work environment, affecting productivity and employee loyalty.
To resolve the impasse, Moodie's Auto Parts could consider several options:
1. Mediation or arbitration: Engaging an impartial third party, such as a mediator or arbitrator, can help facilitate communication and negotiation between Moodie's and the WUK. These neutral individuals can assist in finding common ground and reaching a mutually acceptable resolution.
2. Revisiting the disciplinary process: Moodie's may choose to review and reconsider the disciplinary process followed in the case of Kimani Powell. Addressing any procedural gaps or flaws and offering a fair and transparent evaluation of the allegations against him can help rebuild trust and provide a basis for resolution.
3. Negotiating alternative terms: Moodie's could explore alternative terms or compromises that address the concerns of both parties. This may involve revisiting the decision to dismiss Kimani and finding a middle ground that satisfies the interests of both Moodie's Auto Parts and the WUK.
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In the long run, which plan has the higher payout? plan a payout p(payout) $0 0.4 $80,000 0.18 $90,000 0.42 plan b payout p(payout) $0 0.47 $15,000 0.14 $60,000 0.39
In the long run, Plan A has the higher payout compared to Plan B.
The higher payout in the long run, we need to calculate the expected value for each plan. The expected value is obtained by multiplying each possible payout by its corresponding probability and summing them up. For Plan A, the expected value can be calculated as:
Expected value of Plan A = $0 * 0.4 + $80,000 * 0.18 + $90,000 * 0.42 = $0 + $14,400 + $37,800 = $52,200.
For Plan B, the expected value can be calculated as:
Expected value of Plan B = $0 * 0.47 + $15,000 * 0.14 + $60,000 * 0.39 = $0 + $2,100 + $23,400 = $25,500.
Comparing the expected values, we find that the expected payout for Plan A is $52,200, while the expected payout for Plan B is $25,500. Therefore, in the long run, Plan A has the higher payout compared to Plan B.
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To determine which plan has the higher payout in the long run, calculate the expected value for both plans, which is the sum of each possible payout multiplied by the probability of that payout occurring, and compare the totals.
Explanation:The subject of your question is related to expected values in probability. To determine the plan with the higher payout, first, calculate the expected value for both plans. The expected value is obtained by multiplying each possible payout by the probability of that payout occurring, and then adding up these values.
For Plan A, the expected payout would be: (0*0.4)+(80000*0.18)+(90000*0.42)
And for Plan B, it would be: (0*0.47)+(15000*0.14)+(60000*0.39)
After calculating these sums, compare the totals to determine which plan has a higher expected payout in the long run.
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What is the future value of the following cash flows, given an appropriate discount rate of 6.1% (to the nearest penny)? Year 1 Year 2 Year 3 Year 4 Year 5 $3,787 $5,322 $3,696 $10,524 $5,097
The future value of the given cash flows, using a discount rate of 6.1%, is approximately $25,576.65.
the future value of the given cash flows, using a discount rate of 6.1%, is approximately $25,576.65.
to calculate the future value of the cash flows, we can use the formula for calculating the future value of a series of cash flows:
fv = cf1 / (1 + r)¹ + cf2 / (1 + r)² + ... + cfn / (1 + r)ⁿ
where:fv = future value
cf1, cf2, ..., cfn = cash flows in each periodr = discount rate
n = number of periods
given cash flows:cf1 = $3,787
cf2 = $5,322cf3 = $3,696
cf4 = $10,524cf5 = $5,097
discount rate:
r = 6.1% or 0.061 (expressed as a decimal)
plugging in the values into the formula:
fv = $3,787 / (1 + 0.061)¹ + $5,322 / (1 + 0.061)² + $3,696 / (1 + 0.061)³ + $10,524 / (1 + 0.061)⁴ + $5,097 / (1 + 0.061)⁵
calculating the future value:
fv ≈ $3,787 / 1.061 + $5,322 / 1.061² + $3,696 / 1.061³ + $10,524 / 1.061⁴ + $5,097 / 1.061⁵
fv ≈ $3,567.96 + $4,906.23 + $3,316.24 + $8,942.18 + $4,843.04
fv ≈ $25,575.65
rounding the result to the nearest penny, the future value of the cash flows is approximately $25,576.65.
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If a 9-year ordinary annuity has a future value of $100,478.00, and if the interest rate is 10.1 percent, what is the amount of each annuity payment? $7,768.19 $7,568.19 $7,168.19 $7,368.19 $7,968.19 If $4,576 is placed in an account that earns a nominal 2.6 percent, compounded daily, what will it be worth in 18 years? $7,107 $7,307 $7,907 $7,707 $7,507
Given: The future value of 9 years ordinary annuity is $100,478.00 and interest rate is 10.1%.We are to find the amount of each annuity payment.
Formula used: PV = (PMT/i)[1 – 1/(1+i)^n]where, PV = Present Value, PMT = Payment per period, i = interest rate per period, n = number of periods PV = Present Value = 0 (since we do not have any value of present value)i = 10.1% = 0.101 (Interest rate per period)n = 9 years = 9 (number of periods)
Putting the given values in the formula: PMT = $7,768.19Hence, the amount of each annuity payment is $7,768.19.Given: $4,576 is placed in an account that earns a nominal 2.6 percent, compounded daily. We are to find the worth of account after 18 years.
Using the formula, Amount = P(1 + r/n)^(nit)Where P is the principal amount, r is the interest rate, n is the number of times interest is compounded per year, t is the number of years. We have, P = 4,576, r = 2.6%, n = 365 (compounded daily), and t = 18 years Putting the values in the above formula, Amount = $7,507 (Approx.).
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ABS engineering decided to build and new factory to produce electrical parts for computer manufacturers. They will rent a small factory for 2,000dhs per month while utilities will cost 500dhs per month. They had to pay 800Dhs for municipality for water and electricity connection fees. On the other hand they will rent production equipment at a monthly cost of 5,000dhs. They estimated the material cost per unit will be 20dhs, and the labor cost will be 10dhs per unit. They need to hire a manager and security for with a salary of 30,000 and 5,000dhs per month each. Advertising and promotion will cost cost them 3,500dhs per month. Required: 1- 2- Calculate the total Fixed cost= 3- Calculate the total variable cost per unit 4- If the machine max production capacity is 10000 units per month, what is the selling price they should set to break even monthly?= 5- If they to earn a profit equal to 10,000 per month, for how much he should sell the unit?= 6- What is the fixed cost per unit at maximum production?= 7- What is the total variable cost at maximum production?= 8- Ilf they set the selling price for 80DHS on max production and managed to reduce the total fixed cost by 3% what is the profit increase percentage= 9- If they set the selling price for 80DHS on max production and managed to reduce the total variable cost by 3% what is the profit increase percentage=
1. The total fixed cost is 58,300 dhs.
2. The total variable cost per unit is 30 dhs.
3. The selling price they should set to break even monthly is 50 dhs per unit.
4. To earn a profit of 10,000 dhs per month, they should sell the unit for 53.3 dhs.
5. The fixed cost per unit at maximum production is 5.83 dhs.
6. The total variable cost at maximum production is 300,000 dhs.
7. If they set the selling price at 80 dhs on maximum production and reduce the total fixed cost by 3%, the profit increase percentage is approximately 27.27%.
8. If they set the selling price at 80 dhs on maximum production and reduce the total variable cost by 3%, the profit increase percentage is approximately 31.03%.
1. The fixed costs include the rent of the factory (2,000 dhs), utilities (500 dhs), connection fees (800 dhs), equipment rental (5,000 dhs), manager's salary (30,000 dhs), security's salary (5,000 dhs), and advertising and promotion costs (3,500 dhs). Adding all these costs together, the total fixed cost is 58,300 dhs.
2. The variable costs include material cost per unit (20 dhs) and labor cost per unit (10 dhs). Therefore, the total variable cost per unit is 30 dhs.
3. To break even, the total revenue must cover the total cost, including both fixed and variable costs. Since the fixed cost is 58,300 dhs and the variable cost per unit is 30 dhs, the selling price they should set to break even is calculated by dividing the total cost by the maximum production capacity: (58,300 dhs / 10,000 units) = 5.83 dhs per unit.
4. To earn a profit of 10,000 dhs per month, they need to cover their fixed and variable costs and generate additional revenue. The selling price per unit can be calculated by adding the desired profit to the total cost per unit: (30 dhs + 5.83 dhs + 10,000 dhs / 10,000 units) = 53.3 dhs per unit.
5. At maximum production capacity, the fixed cost per unit remains the same since it is a fixed expense regardless of the production volume. Therefore, the fixed cost per unit at maximum production is still 5.83 dhs.
6. The total variable cost at maximum production is calculated by multiplying the variable cost per unit (30 dhs) by the maximum production capacity (10,000 units): 30 dhs * 10,000 units = 300,000 dhs.
7. If the selling price is set at 80 dhs on maximum production and the total fixed cost is reduced by 3%, the new fixed cost becomes 0.97 * 58,300 dhs = 56,551 dhs. The profit increase percentage can be calculated by comparing the original profit (10,000 dhs) with the new profit (revenue - total cost) and calculating the percentage increase: ((80 dhs * 10,000 units) - 56,551 dhs - 300,000 dhs) / 10,000 dhs * 100 = 27.27%.
8. If the selling price is set at 80 dhs on maximum production and the total variable cost is reduced by 3%, the new variable cost per unit becomes 0.97 * 30 dhs = 29.
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