**Case Study Summary:** The case study titled "Probability and Impact" by Milosevic, Patanakul, and Srivannaboon (2010) explores the application of probability and impact in risk analysis within project management. It focuses on establishing appropriate risk thresholds to address different types of risks during project execution.
**Benefits of Project Risk Management:**
1. **Improved Decision Making:** Effective risk management enables informed decision-making by identifying potential risks and their potential impact on project objectives. It allows project managers to make proactive choices to mitigate or exploit risks accordingly.
2. **Enhanced Project Performance:** By anticipating and addressing potential risks, project risk management helps minimize disruptions, delays, and cost overruns. It promotes project success by ensuring timely completion, adherence to budget, and achievement of desired outcomes.
3. **Stakeholder Confidence:** A robust risk management approach instills confidence in stakeholders. It demonstrates the project team's ability to identify, assess, and manage risks, fostering trust and support from project sponsors, clients, and other relevant parties.
**Components of a Robust Risk Management Plan and Risk Register in the Case:**
A comprehensive Risk Management Plan involves:
1. **Risk Identification:** Identifying potential risks that could impact project objectives, including both internal and external factors.
2. **Risk Assessment:** Evaluating the probability and impact of identified risks to prioritize them and determine their severity.
3. **Risk Response:** Developing strategies to mitigate, transfer, avoid, or accept risks based on their level of significance.
4. **Risk Monitoring and Control:** Continuously monitoring identified risks, implementing response plans, and assessing their effectiveness throughout the project lifecycle.
In the case study, risk management was conducted by developing appropriate risk thresholds to categorize and address various risk events during project execution. This involved identifying potential risks, assessing their probability and impact, and implementing response strategies accordingly. The Risk Register served as a central repository to document and track identified risks, their characteristics, and associated response plans. The risk analysis procedure ensured that risks were effectively managed and addressed within the project's context.
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Mary works for Gibson Catering in Alberta and earns an annual salary of $40,000.00 paid on a bi-weekly basis. She receives a $100.00 car allowance each pay. The company pays 100% of group term life insurance premiums for its employees as a non-cash taxable benefit which for Mary's is $23.00 per pay period, Mary is a member of the company's registered pension plan and contributes 3% of her salary to the plan every pay. Her federal and Alberta TD1 claim codes are 1. Determine Mary's total income tax deduction per pay period. Your answer:
Mary's total income tax deduction per pay period is $236.06.
Mary's total income tax deduction per pay period is $236.06.WORD COUNT: 100. Explanation:
Total Salary = $40,000.00/yr
Salary per pay period = $40,000.00 / 26 pay periods = $1,538.46. Car allowance per pay period = $100.00
Group term life insurance per pay period = $23.00.
Pension contribution per pay period = 3% of salary = 3/100 x $1,538.46 = $46.15Gross pay per pay period = $1,707.61
Federal TD1 claim code = 1
Alberta TD1 claim code = 1
Income tax deduction per pay period can be calculated as follows: Federal tax payable = ($1,538.46 - $122.92) x 15% - $463.19 = $53.29
Alberta tax payable = ($1,538.46 - $131.54) x 10% - $171.29 = $82.60CPP contribution = ($1,707.61 - $57.40) x 5.10% = $82.72
EI premium = ($1,707.61 - $57.40) x 1.58% = $25.40
Total income tax deduction per pay period =
Federal tax payable + Alberta tax payable + CPP contribution + EI premium= $53.29 + $82.60 + $82.72 + $25.40 = $236.06.
Therefore, Mary's total income tax deduction per pay period is $236.06.
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mary's company is implementing an erp system to achieve which main business objective?
Mary's company is implementing an ERP (Enterprise Resource Planning) system to achieve the main business objective of improving operational efficiency.
An ERP system integrates and streamlines various business processes such as finance, accounting, human resources, inventory management, and supply chain management into one centralized system. This enables data sharing, automates routine tasks, reduces manual errors, and provides real-time visibility into key business metrics.
By implementing an ERP system, Mary's company can eliminate duplicate efforts, reduce costs, improve decision-making, and enhance customer satisfaction. Additionally, an ERP system can provide a foundation for future growth by enabling scalability, flexibility, and adaptability to changing market conditions. Ultimately, the main goal of implementing an ERP system is to optimize business operations and increase overall profitability.
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ART has come out with a new and improved product. As a result, the firm projects an ROE of 25%, and it will maintain a plowback ratio of 0.20. Its earnings this year will be $3 per share. Investors expect a 12% rate of return on the stock. What price do you expect ART shares to sell for in 4 years? Multiple Choice $53.96 $44.95 $4168
Given,The expected return on equity (ROE) = 25%The plowback ratio = 0.2Earnings per share (EPS) = $3 per shareRate of return on stock (R) = 12%Using the above-given data, we have to find the price at which ART shares would sell in 4 years.The formula for the price of a stock with constant growth is given by,P0 = (D1 ÷ (k – g))Where, P0 = price of stock at time 0D1 = expected dividend per share at the end of one yeark = required rate of returng = dividend growth ratePlowback ratio = 1 – Payout ratioPlowback ratio = 0.20Payout ratio = 1 – 0.20= 0.80The dividend payout ratio is
calculated as follows:Dividend payout ratio = Dividend per share ÷ Earnings per shareThe dividend per share is calculated as follows:ROE = Net Income ÷ Shareholder’s EquityNet Income = ROE × Shareholder’s EquityNet Income = 0.25 × Shareholder’s EquityDividend = (1 – Plowback ratio) × EPSDividend = (0.80) × $3 = $2.40Now,Dividend payout ratio = Dividend per share ÷ Earnings per share0.8 = 2.4 ÷ EPSEPSEPS = 2.4 ÷ 0.8 = $3Expected dividend (D1) = Dividend × (1 + g)D1 = $2.40 × (1 + 0.20)D1 = $2.88The required rate of return is given as 12%.Thus, k = 12% = 0.12.The dividend growth rate (g) is calculated using the following formula:g = Retention ratio × ROEg = 0.20 × 0.25 = 0.05The
value of P0 is calculated as follows:P0 = (D1 ÷ (k – g))P0 = ($2.88 ÷ (0.12 – 0.05))P0 = $2.88 ÷ 0.07P0 = $41.14The formula to calculate the price of a stock at any point in the future (Pn) is given by:Pn = P0 (1 + g)nWhere, P0 is the price of the stock at time 0, and g is the expected growth rate in dividends and n is the number of years.Now we have to find the value of P4Price of the stock at the end of 4 years (P4) = P0 (1 + g)n = $41.14 (1 + 0.05)4≈ $53.96Therefore, the price of the ART shares in four years is $53.96. Hence, the option (a) is correct.
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Question 9 Not yet saved Marked out of 6.00 P Flag question Below is the information about Mariana Dam disaster published on the France24 website. "A burst dam in Brazil released millions of tonnes of toxic mud and has caused destruction across 500kms, from the mountains of Minas Gerais to the Atlantic Ocean. "60 million cubic metres of iron oſe waste and mud hit the town of Bento Rodrigues." "Bento Rodrigues was wiped off the map. De Souza, 28, and 600 others lost their homes. At least 17 people were killed and three are still missing." "The Mariana mining disaster, as it has come to be known, disrupted the lives of thousands and caused untold environmental damage." "From Bento Rodrigues, the mud travelled 500kms across two Brazilian states leaving hundreds homeless and polluting the region's most important river, the Rio Doce. It affected mineral water supplies and threatened the livelihoods of the region's fishermen before spilling into the Atlantic Ocean from off the coast of Espirito Santo state." "Samarco was initially fined $265 million by the Brazilian government but the fine was later increased to $5 billion. Vale and BHP's assets have been blocked until the damages are paid." Required dinontor on the Economy Society
The Mariana Dam disaster had significant impacts on both the economy and society. The following points highlight some of the effects:
Economic Impact: Environmental damage: The release of millions of tonnes of toxic mud caused extensive environmental damage, including pollution of the Rio Doce river. This had a direct impact on the region's ecosystem, affecting fish populations and threatening the livelihoods of fishermen who depend on the river for their income.
Disruption of economic activities: The disaster disrupted various economic activities in the affected region. The destruction of Bento Rodrigues and displacement of residents resulted in the loss of homes and affected local businesses. The region's mineral water supplies were also affected, impacting the bottled water industry.
Social Impact: Loss of lives and displacement: The disaster resulted in the loss of at least 17 lives and the displacement of hundreds of people. Entire communities, such as Bento Rodrigues, were wiped off the map, causing immense trauma and emotional distress to the affected individuals and families.
Social and cultural disruption: The disaster disrupted the social fabric and cultural heritage of the affected communities. The loss of homes, infrastructure, and historical sites had long-lasting social implications, as people had to rebuild their lives and communities from scratch.
The financial penalties imposed on the mining companies involved (Samarco, Vale, and BHP) reflect the recognition of the economic and societal damages caused by the disaster. The increased fine highlights the severity of the impact and the responsibility of the companies to compensate for the damages. Efforts to restore the environment and support the affected communities are essential to mitigate the long-term consequences on the economy and society.
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Q1: (15 Marks) On Sep. 1, 2010 Bros Company purchased 10000 of Handle production Ins.. %9 bonds : lace value 100 $ per bond at cost of $ 967000 and paid 1000$ as commission to the dealer plus accrued interest at the purchase date in cash, the interest is payable cach Jan. I and July I and the bonds mature at Jan. 1, 2016. At April 2015 the company sold 90% of bonds at 99 $ per bond plus accrued interest in cash. Instruction Prepare the entries in 2010,2011,2015
On Sep. 1, 2010, Bros Company purchased 10,000 Handle production Inc. 9% bonds with a face value of $100 per bond at a cost of $967,000, paying an additional $1,000 in commission to the dealer and accrued interest. The interest is payable every Jan. 1 and July 1, with the bonds maturing on Jan. 1, 2016.
In 2010, the entries would include the initial purchase of the bonds for $967,000, the commission payment of $1,000, and the first interest payment on Jan. 1, 2011. In 2011, the company would record two interest payments on Jan. 1 and July 1.
In April 2015, Bros Company sold 90% of the bonds (9,000) at $99 per bond plus accrued interest. The journal entry would include the sale of bonds for $891,000 ($99 x 9,000) and the accrued interest payment. In summary, the entries in 2010 include the bond purchase and commission, in 2011 the interest payments, and in 2015 the sale of 90% of the bonds and the accrued interest payment.
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t the beginning of the current season on April 1, the ledger of Crane Pro Shop showed Cash $3,115: Inventory $4,115; and Common tock $7,230. The following transactions occurred during April 2022. Apr.
Towards the beginning of the current season on April 1, the ledger of Crane Pro Shop showed Cash $3,115: Inventory $4,115; and Common Stock $7,230. The following transactions occurred during April 2022. Apr.
1 Purchased golf bags, clubs, and balls on account from Sargent Co. $1,710, terms n/30.2 Sold merchandise on account to members $900, terms n/10. The cost of merchandise sold was $540.4 Received cash from members on account $600.6 Paid Sargent Co. on account $1,710.8 Purchased store supplies for cash $160.10 Made refunds to members for defective merchandise $70.14 Paid store rent for the month $800.15 Withdrew cash for personal use $400.
Requirements:
1. Record the transactions in the journal of Crane Pro Shop.
2. Post to the ledger accounts.
3. Prepare a trial balance at April 30, 2022.Journal of Crane Pro Shop is as follows:
1. Journal Post to the Ledger accounts.
3. Trial balance as of April 30, 2022:Hope this helps!
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1.Characteristics of the Adult ego state include logical,
rational and analytical behavior.
True
False
2.The following are examples of Body Language (i.e., non-verbal
communication) (Select all that a
The statement is true. The Adult ego state in Transactional Analysis theory is characterized by logical, rational, and analytical behavior.
Analysis theory, also known as analytical theory, refers to a framework or approach used in various fields, such as mathematics, physics, economics, and social sciences, to understand and solve complex problems by breaking them down into simpler components. It emphasizes the study of individual elements or units in order to comprehend the larger system or phenomenon they collectively form.
In analysis theory, the focus is on examining the properties, relationships, and behavior of these constituent parts to gain insights into the overall structure or function. It involves the use of rigorous mathematical techniques, logical reasoning, and systematic observation to investigate patterns, trends, and underlying principles.
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Complete Question:
Characteristics of the Adult ego state include logical, rational, and analytical behavior.
A. True
B. False
Question:
Explain
in your words why the
regulators require the parent entity to prepare consolidated
financial statements. (350 word)
Regulators require parent entity to prepare consolidated financial statements to provide comprehensive and accurate view of financial position, performance, cash flows of entire group, including subsidiaries.
Regulators require the preparation of consolidated financial statements for several reasons. Firstly, consolidated financial statements provide a holistic view of the financial affairs of a group of companies under the control of a parent entity. By consolidating the financial statements of the parent and its subsidiaries, regulators can assess the overall financial health and performance of the entire group. This is important for making informed decisions, evaluating the group's solvency, and ensuring compliance with regulatory requirements. Secondly, consolidated financial statements facilitate transparency and enhance the comparability of financial information. When a parent entity holds a controlling interest in its subsidiaries, it has the ability to influence and direct the operations and financial policies of those subsidiaries. Consolidation enables regulators and other stakeholders to assess the combined financial results and position of the group, rather than relying solely on separate financial statements of individual entities. This promotes transparency and helps investors, creditors, and other stakeholders in making more accurate and meaningful assessments of the group's performance and risks.
Furthermore, consolidated financial statements also play a crucial role in assessing the group's compliance with accounting standards and regulatory frameworks. By consolidating the financial statements, regulators can ensure that the group adheres to the prescribed accounting principles, disclosure requirements, and governance standards. This helps maintain the integrity and reliability of financial reporting within the group and protects the interests of stakeholders. Consolidated financial statements also provide valuable information for regulatory oversight and monitoring of the group's financial activities. Regulators can assess the group's overall risk exposure, evaluate its capital adequacy, and identify any potential issues or irregularities that may require regulatory intervention. By having access to consolidated financial statements, regulators can effectively fulfill their supervisory role and take appropriate actions to safeguard the interests of the public and maintain the stability of the financial system.
In summary, regulators require the preparation of consolidated financial statements to gain a comprehensive view of the group's financial position, promote transparency, enhance comparability, ensure compliance with accounting standards, and facilitate regulatory oversight. Consolidated financial statements provide a more accurate representation of the group's financial performance and enable regulators to make informed decisions and take appropriate actions when necessary.
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Twenty-five years ago, the average price of a loaf of bread was $1.57. Today the average cost is $2.99. What was the growth rate over the 25-year period? (8 points) You must type in both the answer an
The growth rate over the 25-year period between the average prices of bread is 90.44%.
How to find?To find the growth rate over the 25-year period between the average prices of bread, we can use the formula:((New Value - Old Value) / Old Value) * 100Where the "Old Value" refers to the starting price, and the "New Value" refers to the ending price.
Using this formula, we can find the growth rate as follows:((2.99 - 1.57) / 1.57) * 100 = 90.44%.
Therefore, the growth rate over the 25-year period between the average prices of bread is 90.44%.
This means that the average price of bread has increased by 90.44% over the past 25 years.
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the correlation coefficient between two assets equals ____
However, the answer requires a long answer as there are several factors that can impact the correlation coefficient between two assets. The correlation coefficient measures the strength and direction of the linear relationship between two variables.
In the case of assets, it measures how closely the returns of the two assets move together. The correlation coefficient can range from -1 to +1, with -1 indicating a perfect negative correlation (meaning the two assets move in opposite directions), +1 indicating a perfect positive correlation (meaning the two assets move in the same direction), and 0 indicating no correlation (meaning there is no relationship between the two assets).
To calculate the correlation coefficient between two assets, you will need to have historical returns data for both assets. Once you have this data, you can use a statistical software or tool to calculate the correlation coefficient. It's important to note that the correlation coefficient is not a measure of causation, meaning it doesn't tell you why the two assets are moving together (or not). It simply tells you how closely they are moving together.
In summary, the correlation coefficient between two assets is a measure of the strength and direction of the linear relationship between their returns. It can range from -1 to +1, with -1 indicating a perfect negative correlation, +1 indicating a perfect positive correlation, and 0 indicating no correlation. To calculate the correlation coefficient, you will need historical returns data for both assets and a statistical software or tool.
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Question 80 1 Point Which of the following statements is correct about income statement? 1. The financial performance of the entity is primarily measured in terms of the level of income earned by the entity through effective and efficient utilization of resources. II. It is a formal statement showing the financial status of the business in terms of liquidity and solvency. (A) Both I and II B II only I only Neither I nor II
The correct statement about the income statement is (I) only: The financial performance of the entity is primarily measured in terms of the level of income earned by the entity through effective and efficient utilization of resources.
The income statement, also known as the profit and loss statement, focuses on the financial performance of the entity by presenting the revenues, expenses, gains, and losses over a specific period. It measures the level of income earned by the entity, which reflects its ability to generate profits through the efficient use of resources. Statement (II) is incorrect Liquidity and solvency are typically assessed through other financial statements, such as the balance sheet and statement of cash flows.
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THE HOTEL PARIS CASE Job Descriptions A brief analysis, conducted with her company's CFO, The Hotel Paris's competitive strategy is "To use superior guest reinforced that observation. They chose departments across service to differentiate the Hotel Paris properties, and to the hotel chain that did and did not have updated job descrip- thereby increase the length of stayand return rate of guests, and tions. Although they understood that many other factors thus boost revenues and profitability" HR manager Lisa Cruz might be influencing the results, they believed that the must now formulate functional policies and activities that sup relationships they observed did suggest that having job port this competitive strategy by eliciting the required employee descriptions had a positive influence on various employee behaviors and competencies. behaviors and competencies. Perhaps having the descriptions As an experienced human resource director, the Hotel facilitated the employee selection process, or perhaps the Paris's Lisa Cruz knew that recruitment and selection departments with the descriptions just had better managers. processes invariably influenced employee competencies and She knew the Hotel Paris's job descriptions would have behavior and, through them, the company's bottom line. to include traditional duties and responsibilities. However, Everything about the workforce-its collective skills, most should also include several competencies unique to morale, experience, and motivation-depended on attract cach job. For example, job descriptions for the front desk ing and then selecting the right employees. clerks might include "able to check a guest in or out in 5 In reviewing the Hotel Paris's employment systems, she minutes or less." Most service employees' descriptions was therefore concerned that virtually all the company's job included the competency, "able to exhibit patience and guest descriptions were out of date, and that many jobs had supportiveness even when busy with other activities." no descriptions at all. She knew that without accurate job descriptions, all her improvement efforts would be in vain. Questions After all, if you don't know a job's duties, responsibilities, In teams or individually and human requirements, how can you decide who to hire 1. Based on the hotel's stated strategy. list at least four impor or how to train them? To create human resource policies and tant employee behaviors for the Hotel Paris's staff practices that would produce employee competencies and 2. If time permits, spend some time prior to class observing behaviors needed to achieve the hotel's strategic aims, Lisa's the front desk clerk at a local hotel In any case, create a team first had to produce a set of usable job descriptions job description for a Hotel Paris front desk clerk
1. Based on the Hotel Paris' competitive strategy, here are four important employee behaviors for the staff to increase the length of stay and return rate of guests while boosting revenue and profitability: Providing superior guest service.
Able to exhibit patience and supportiveness, even when busy with other activities. Check a guest in or out in 5 minutes or less.Keeping the job description up to date.2. Team-created job description for a Hotel Paris front desk clerk:Job Title: Front Desk ClerkJob Purpose: To ensure guest satisfaction through friendly, courteous, and efficient service, while following Hotel Paris's procedures and policies. Key Accountabilities: Greets guests upon arrival and departure, ensuring their needs are met with courteous and efficient service.Assists guests with the check-in and check-out processes while following the 5-minute standard check-in or check-out.Able to answer the phone within three rings and communicate with guests in a friendly, helpful, and professional manner.Conducts all transactions with accuracy and attention to detail.Assists guests with the necessary information regarding Hotel Paris amenities, local attractions, and transportation.Handles guest complaints and concerns, communicates with the hotel manager when necessary.Assists other departments, such as housekeeping and maintenance, with their requests. Ability to work flexible shifts as assigned by management. Required Competencies: Outstanding customer service skills. Ability to multi-task and work under pressure. Strong interpersonal communication skills.Excellent problem-solving skills. Attention to detail.
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Question 9 1 pts Country A wants to increase population growth rate, it is related to which factor of economic growth? natural resources physical capital human capital technology institutions Question 10 1 pts In country B, all companies were owned by the government. Any profit made would be given to the government. Now the government privatizes some companies, and those privatized companies can keep the profit they make. Explain how this will lead to economic growth. Since companies can keep the profit they make, they will work hard to produce more. This policy is related to stable money and prices. Companies will produce less as they can keep the profit they make. As companies can keep the profit they make, they are less willing to invest in new production technologies.
Question 9: Country A's desire to increase population growth rate is related to the human capital factor of economic growth. Human capital refers to the knowledge, skills, and abilities of a population that can be used to produce goods and services.
When a country has a larger population with higher levels of education and training, it can lead to increased productivity and economic growth.
Question 10: Privatization of companies in Country B will likely lead to economic growth for several reasons. First, private companies are generally more efficient than government-owned enterprises. They have a greater incentive to maximize profits, which leads to increased productivity and innovation. Second, private companies are more responsive to market signals, such as changes in consumer demand or prices, which helps allocate resources more efficiently.
Finally, privatization can also lead to increased competition, as new entrants are able to enter the market and compete with established firms. This can lead to lower prices and better quality products for consumers, further stimulating economic growth.
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Given Scenario C, they decide to SELL THE INVESTMENT in
22 for $420,000 (post-tax).
Calculate NPV given the sale, also find the option to abandon
and state whether the company should proceed with the
Based on this ratio, the NPV is less than the initial investment, indicating that the company would not have generated enough cash flow to cover the initial investment over the five-year period. Ratio = 0.0154.
Given that Scenario C involves selling the investment for $420,000 post-tax, we can calculate the NPV (Net Present Value) using the following formula:
Now, we need to compare this NPV to the initial investment of $22,000,000.
Initial Investment = 22,000,000
NPV=327,571.43
Ratio = NPV / Initial Investment
= 327,571.43/ 22,000,000
Ratio = 0.0154
However, it's important to note that this calculation assumes that the company will not receive any additional cash flow beyond the initial investment. If there are any additional opportunities for growth or investment, the NPV may be different.
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The following details are provided by Volvox Foundry Company: Initial investment $5,000,000 Discount rate 15% Yearly cash flows 1 $1,250,000 2 $1,350,000 3 $2,400,000 4 $1,150,000 Refer to the following table for PV factors: 1 2 13% 0.885 0.783 0.693 0.613 14% 0.877 0.769 0.675 0.592 15% 0.87 0.756 0.658 0.572 3 4 What is the NPV of the project? O $615,455 positive $590,850 negative $654,900 negative O $590,000 positive
The NPV (Net Present Value) of the project for Volvox Foundry Company is $590,850, which is negative.
To calculate the NPV, we need to discount the cash flows to their present values using the provided discount rates and PV factors. The cash flows for each year are $1,250,000, $1,350,000, $2,400,000, and $1,150,000 for years 1, 2, 3, and 4 respectively. Using the PV factors for a discount rate of 15%, we multiply each cash flow by the corresponding PV factor and sum them up:
NPV = ($1,250,000 * 0.87) + ($1,350,000 * 0.756) + ($2,400,000 * 0.658) + ($1,150,000 * 0.572) = $590,850 (rounded to the nearest dollar)
Since the NPV is negative, it indicates that the present value of the cash inflows from the project is less than the initial investment of $5,000,000. This suggests that the project may not generate enough returns to cover the cost of the investment and may result in a financial loss for the company. Therefore, the correct answer is: $590,850 negative.
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the three largest markets for american exports of goods in 2017 were
The three largest markets for American exports of goods in 2017 were:
Canada: Canada has consistently been the largest export market for the United States. It shares a long border with the U.S. and has a strong economic relationship. Key exports to Canada include vehicles, machinery, mineral fuels, and plastics.
Mexico: Mexico is another significant export market for the United States. It is a neighboring country and is part of the North American Free Trade Agreement (NAFTA), which facilitates trade between the two countries. Major exports to Mexico include machinery, electrical machinery, vehicles, and mineral fuels.
China: China is a major destination for American exports, although the trade relationship between the two countries has seen some fluctuations in recent years. Key exports to China include agricultural products, electrical machinery, aircraft, and vehicles.
It's important to note that the ranking and composition of export markets can vary from year to year based on factors such as trade policies, economic conditions, and global demand.
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If the price elasticity of supply is 0.5 and the quantity supplied decreases by 6%, then the price must have decreased by A. 3% B. 12% C. 4% D. 5%.
If the price elasticity of supply is 0.5 and the quantity supplied decreases by 6%, the price must have decreased by 12%. The correct option is option B.
The price elasticity of supply measures the responsiveness of the quantity supplied to changes in price. It indicates the percentage change in quantity supplied resulting from a 1% change in price. In this case, the price elasticity of supply is given as 0.5, which means that a 1% change in price leads to a 0.5% change in quantity supplied.
Since the quantity supplied has decreased by 6%, we can use the price elasticity of supply to determine the corresponding percentage change in price. We divide the percentage change in quantity supplied (-6%) by the elasticity (0.5) to get the percentage change in price.
-6% / 0.5 = -12%
The negative sign indicates a decrease in quantity supplied, and the result is -12%. However, we are interested in the absolute value, so the price must have decreased by 12%.
Therefore, the correct answer is 12%.
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The Model Company is to begin operations in April. It has budgeted April sales of $54,000, May sales of $58,000, June sales of $64,000, July sales of $66,000, and August sales of $62,000. Note that 10% of each month's sales is expected to represent cash sales; 75% of the balance is expected to be collected in the month following the sale, 17% the second month, 6% the third month, and the balance is expected to be uncollectible. What is the amount of cash to be collected in the month of August?
The amount of cash to be collected in the month of August is $39,330.
To calculate the amount of cash to be collected in the month of August, we need to determine the cash collection pattern based on the given information.
Step 1: Calculate the credit sales for each month by subtracting the cash sales from the total sales.
April credit sales = $54,000 - ($54,000 x 0.1) = $54,000 - $5,400 = $48,600
May credit sales = $58,000 - ($58,000 x 0.1) = $58,000 - $5,800 = $52,200
June credit sales = $64,000 - ($64,000 x 0.1) = $64,000 - $6,400 = $57,600
July credit sales = $66,000 - ($66,000 x 0.1) = $66,000 - $6,600 = $59,400
August credit sales = $62,000 - ($62,000 x 0.1) = $62,000 - $6,200 = $55,800
Step 2: Calculate the cash collection for each month based on the given collection pattern.
April cash collection = $48,600 x 0.15 = $7,290
May cash collection = $48,600 x 0.75 x 0.17 = $6,601.50
June cash collection = $48,600 x 0.75 x 0.6 = $21,942
July cash collection = $48,600 x 0.75 x 0.06 = $2,767.50
August cash collection = $48,600 x 0.75 x 0.02 = $729
Step 3: Sum up the cash collections for August.
Cash collection in the month of August = April cash collection + May cash collection + June cash collection + July cash collection + August cash collection
Cash collection in the month of August = $7,290 + $6,601.50 + $21,942 + $2,767.50 + $729
Cash collection in the month of August = $39,330
Therefore, the amount of cash to be collected in the month of August is $39,330.
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Which of the following coverages will protect the insured against drivers who have inadequate or insufficient coverage to respond to claims?
a) Underinsured
b) Other than Collision
c) Uninsured
d) At-Fault
The coverage that will protect the insured against drivers who have inadequate or insufficient insurance coverage to respond to claims is underinsured coverage.
Underinsured coverage (option a) is designed to provide protection to the insured when they are involved in an accident with a driver who has inadequate or insufficient insurance coverage to cover the full extent of the damages. In such cases, the underinsured coverage will kick in and help bridge the gap between the at-fault driver's insurance coverage and the actual costs of the damages or injuries.
Other options listed, such as other than collision coverage (option b), uninsured coverage (option c), and at-fault coverage (option d), serve different purposes. Other than collision coverage, also known as comprehensive coverage, provides protection for damages caused by incidents other than collisions, such as theft or vandalism. Uninsured coverage protects the insured against drivers who do not have any insurance coverage. At-fault coverage is not a specific type of coverage, but rather a determination of who is responsible for an accident. Therefore, among the given options, underinsured coverage is the appropriate coverage that safeguards the insured against drivers with inadequate or insufficient insurance coverage.
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what are the differences between recognition, action, and effect
time lags?
Recognition, action, and effect time lags are three distinct phases in the process of economic decision-making and their subsequent impact on the economy.
Economic decision-making is the process of making choices or selecting courses of action in response to economic conditions and objectives. It involves analyzing and evaluating various alternatives, considering costs and benefits, and assessing potential risks and outcomes. Economic decision-making applies to individuals, businesses, and governments and encompasses areas such as production.
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Within the Discussion Board area, write 300-500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions with your classmates. Be substantive and clear, and use examples to reinforce your ideas. The project management selection process is a critical step in establishing a system to select projects with the greatest value to the organization. Based on your assigned readings and current or previous experience, respond to the following: • Name and explain 3 project management selection methodologies. • Discuss why they are critical in project selection and provide examples of when each will be used. • Discuss how each will provide you with quantitative or qualitative data for better project selection.
Previous question
The solutions are listed below.
Name and explain three project management selection methodologies:
1. Benefit measurement methods: It is a technique that calculates and compares the expected benefits of the project against its costs to determine the most beneficial projects to undertake. This method is critical in project selection because it helps organizations to prioritize the projects that will offer the most value to them. Examples of when it will be used include when an organization wants to evaluate the feasibility of a project.
2. Scoring models: This is a technique that assigns a score to each project based on the project's alignment with the organization's objectives. It is critical in project selection because it provides a structured way to evaluate and compare the value of different projects. An example of when it will be used is when an organization is looking to evaluate multiple projects and needs a way to compare their value.
3. Financial methods: This is a technique that evaluates projects based on their financial returns. It is critical in project selection because it helps organizations determine whether a project is worth the investment. Examples of when it will be used include when an organization is evaluating a new investment project or when it is evaluating the financial impact of a new project.
Discuss how each will provide you with quantitative or qualitative data for better project selection:
1. Benefit measurement methods provide quantitative data by calculating the expected benefits of a project against its costs. This helps organizations to determine the financial value of each project.
2. Scoring models provide qualitative data by evaluating the alignment of the project with the organization's objectives. This helps organizations to determine whether a project will help them achieve their goals.
3. Financial methods provide quantitative data by evaluating the financial returns of a project. This helps organizations to determine whether a project is worth the investment.
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The statement of financial position as at December 31, 2021 for M Performance Inc. is presented below: M Performance Inc. Statement of Financial Position As at December 31, 2021 2020 Cash $29,000 $10,000 Accounts receivable 28,000 19,000 Inventory 46,000 66,000 Equipment 110,000 101,000 Accumulated depreciation, equipment (26,000) (22,000) Total Assets $187,000 $174,000 Accounts payable $21,000 $9.000 37,000 45,000 Bank loan payable Common shares 40,000 - 23,000 89,000 97,000 Retained earnings $187.000 $174.000 Total Liabilities and Shareholders' Equity Additional information for the year ended December 31, 2021: 1. Net income was $27,000. 2. Equipment with a cost of $53,000 and accumulated depreciation of $5,000 was sold for $47,000. Required: Prepare in good form a statement of cash flows for the year ended December 31, 2021 using the indirect method
The net increase in cash for the year is $149,000, resulting in a cash balance of $159,000 at the end of the year.
M Performance Inc.
Statement of Cash Flows
For the Year Ended December 31, 2021
Indirect Method
Cash Flows from Operating Activities:
Net Income $27,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation Expense $4,000
Loss on Sale of Equipment $1,000
Decrease in Accounts Receivable $9,000
Decrease in Inventory $20,000
Increase in Accounts Payable $12,000
Net Cash Provided by Operating Activities $73,000
Cash Flows from Investing Activities:
Proceeds from Sale of Equipment $47,000
Purchase of Equipment ($13,000)
Net Cash Provided by Investing Activities $34,000
Cash Flows from Financing Activities:
Increase in Bank Loan Payable $8,000
Issuance of Common Shares $40,000
Dividends Paid ($6,000)
Net Cash Provided by Financing Activities $42,000
Net Increase in Cash $149,000
Cash at Beginning of Year $10,000
Cash at End of Year $159,000
The statement of cash flows shows the cash inflows and outflows from operating, investing, and financing activities. In this case, the indirect method is used, which starts with net income and adjusts for non-cash items and changes in working capital.
In the operating activities section, adjustments are made for depreciation expense, loss on the sale of equipment, and changes in accounts receivable, inventory, and accounts payable. These adjustments result in net cash provided by operating activities of $73,000.
In the investing activities section, the proceeds from the sale of equipment are recorded as a cash inflow, and the purchase of equipment is recorded as a cash outflow. The net cash provided by investing activities is $34,000.
In the financing activities section, the increase in bank loan payable and issuance of common shares are recorded as cash inflows, while dividends paid are recorded as a cash outflow. The net cash provided by financing activities is $42,000. The net increase in cash for the year is $149,000, resulting in a cash balance of $159,000 at the end of the year.
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The following are the current month's balances for Jones Company, Inc. All accounts have normal balances. Accounts Payable $5,400 Service Revenue 4,000
Cash 3,000
Expenses 15,400 Furniture 13,100 Accounts Receivable 12,300 Common Stock 22,100 Notes Payable 12,300 What is the total for the trial balance? A. $28,400 B. $11,400 C. $43,800 D. 87,600
The total for the trial balance is $87,600. A trial balance is a financial statement that lists all the accounts and their balances at a specific point in time.
It is used to ensure that debits and credits in the accounting system are balanced and accurate. By summing up the balances of all the accounts, we can determine the total for the trial balance. In this case, we have the following account balances: - Accounts Payable: $5,400 - Service Revenue: $4,000 - Cash: $3,000 - Expenses: $15,400 - Furniture: $13,100- Accounts Receivable: $12,300 - Common Stock: $22,100 - Notes Payable: $12,300. By adding up these balances, we get a total of $87,600. This represents the sum of all the account balances for Jones Company, Inc. in the current month. The trial balance is an important tool in the accounting process as it helps verify the accuracy of the accounting records. If the total debits and total credits on the trial balance match, it indicates that the books are in balance. Any discrepancies between the debits and credits would require further investigation and correction.
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please help
a. Let U(X, Y) = min [X, ½Y] and Px = 10, Py = 20 and income M =
1000. Find optimal X, Y, and
the resulting Utility.
b. Now let Px = 12. How does optimal consumption and utility
change? E
a. To find the optimal X and Y that maximize utility, we need to compare the marginal utilities per dollar spent on each good.
Given U(X, Y) = min[X, ½Y], we can start by setting up the following equations:
MUx/Px = MUy/Py, where MUx and MUy are the marginal utilities of X and Y, respectively.
Since U(X, Y) = min[X, ½Y], we have:
MUx = 1 when X < ½Y, and MUx = 0 when X > ½Y.
MUy = ½ when X > ½Y, and MUy = 0 when X < ½Y.
Considering Px = 10 and Py = 20, we can set up the equations as follows:
1/10 = ½MUy/20 => MUy = 10
1/10 = 0/20 => MUx = 0
To maximize utility, we should allocate our budget in a way that MUx/MUy = Px/Py. However, since MUx = 0, this equation is satisfied regardless of the allocation between X and Y.
Given an income of M = 1000, we can calculate the amount of X and Y:
10X + 20Y = 1000
X + 2Y = 100
Let's assume X = 0 (as MUx = 0), then we have:
2Y = 100
Y = 50
So, the optimal consumption is X = 0 and Y = 50.
To find the resulting utility, we substitute the values of X and Y into the utility function:
U(X, Y) = min[0, ½ * 50] = min[0, 25] = 0
Therefore, the resulting utility is 0.
b. Now, let's consider Px = 12. The equations for marginal utilities remain the same:
1/12 = ½MUy/20 => MUy = 40/3
1/12 = 0/20 => MUx = 0
Since MUx = 0, the equation MUx/MUy = Px/Py is again satisfied regardless of the allocation between X and Y.
Using the income of M = 1000, we can calculate the amount of X and Y:
12X + 20Y = 1000
X + 5/3Y = 100
Assuming X = 0, we have:
5/3Y = 100
Y = 60
So, the optimal consumption is X = 0 and Y = 60.
Substituting the values of X and Y into the utility function:
U(X, Y) = min[0, ½ * 60] = min[0, 30] = 0
Therefore, the resulting utility is still 0.
In summary, when Px increases from 10 to 12, the optimal consumption and resulting utility remain the same. The change in Px does not affect the allocation between X and Y or the utility derived from consuming the goods.
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According to Ricardo, a country will have a comparative advantage in the product in which its
According to Ricardo, a country will have a comparative advantage in the product in which its opportunity cost of producing is lower than that of other countries. David Ricardo was a 19th-century British economist who developed the theory of comparative advantage in international .
Is the theory of theory of comparative advantage proposes that a country should focus on producing the goods and services for which it has the lowest opportunity cost in order to achieve the highest efficiency and ultimately economic growth. Opportunity cost is the value of the next best option that must be given up in order to pursue a certain In other words.
should specialize in producing goods and services that it is most efficient at producing, even if it is not the absolute best at producing those goods and services. By doing so, it can trade with other countries and obtain the goods and services that it is not efficient at producing, leading to gains from trade.
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On January 1, Aya,
Becca, Celia, and Divina, formed Fab Trading, a local partnership,
with capital contributions of ₱50,000, ₱25,000, ₱25,000, and
₱20,000, respectively. The articles of co-par
On January 1, Aya, Becca, Celia, and Divina formed a local partnership named Fab Trading. According to the articles of co-partnership, the capital contributions made by Aya, Becca, Celia, and Divina were Php 50,000, Php 25,000, Php 25,000, and Php 20,000, respectively.
Hence, the total capital contributed by the four partners is Php 120,000.The division of profit and losses between the partners of the firm would be based on their capital contributions. The articles of co-partnership would have clauses regarding the division of profits and losses among the partners. In the case of Fab Trading, we don't know the distribution of profits and losses. But, it is customary in a partnership to distribute the profits and losses based on the capital contribution of each partner.In the case of dissolution of the partnership, the capital contributions of each partner would be returned after the partnership's debts are paid off. The articles of co-partnership would have the clauses regarding the dissolution of the partnership. Each partner would be entitled to their respective share of the remaining capital after the debts of the firm are settled.
In conclusion, Fab Trading was formed on January 1, with Aya, Becca, Celia, and Divina contributing Php 50,000, Php 25,000, Php 25,000, and Php 20,000, respectively, towards the capital of the firm. The division of profits and losses and dissolution of the partnership would be as per the clauses in the articles of co-partnership.
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Complete the table, given 21 units are sold: (Round your answer to the nearest cent.) Units Unit Cost Dollar Cost Beg. Inventory Jan 1 Apr 11 May 17 Dec 15 8 $ 24 $ 30 $ 19 $ 6.00 11.00 14.00 16.00
The table is given below which needs to be completed. The number of units sold is 21 and the dollar cost needs to be rounded to the nearest cent. Units Unit Cost Dollar Cost Beg. Inventory Jan 1 Apr 11 May 17 Dec 15 8 $24 $30 $19 $6.00 11.00 14.00 16.00 Complete the following table using FIFO and LIFO inventory costing methods:
Inventory costing methods help in estimating the value of inventory available for sale at the end of the period. Two inventory costing methods are FIFO and LIFO.FIFO (First-In, First-Out) assumes that the earliest goods purchased are the first ones sold. In contrast, LIFO (Last-In, First-Out) assumes that the most recently acquired items are the first to be sold.FIFO Method: Based on the FIFO method, the cost of the first eight units sold comes from the first eight units purchased for $24 each. Thus, the cost of the first eight units sold is 8 × $24 = $192.The next seven units sold come from the $30 stock bought on April 11. The cost of the next seven units sold is 7 × $30 = $210.The last six units sold come from the $19 stock bought on May 17. The cost of the last six units sold is 6 × $19 = $114.The dollar cost of the inventory sold is $192 + $210 + $114 = $516.LIFO Method: Based on the LIFO method, the cost of the last six units sold comes from the six units purchased for $19 each on May 17. Thus, the cost of the last six units sold is 6 × $19 = $114.The next seven units sold come from the $30 stock bought on April 11. The cost of the next seven units sold is 7 × $30 = $210.The first eight units sold come from the $24 stock bought on Jan 1. The cost of the first eight units sold is 8 × $24 = $192.The dollar cost of the inventory sold is $114 + $210 + $192 = $516.The calculation shows that the dollar cost of the inventory sold under both FIFO and LIFO is the same, $516.
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The Federal Budget 2022-23 has halved the excise tax for the next six months on petroleum from 44 cents per litre to reduce the cost of living. Using an appropriate diagram, explain the effect of the cut in excise tax on output, employment, and price level
The cut in excise tax on petroleum is likely to increase output and employment in the petroleum industry, while reducing the price level for consumer.
Consumer refer to individuals or households who purchase goods and services for personal consumption. In the context of the Federal Budget, "consumers" are the general population who buy petroleum products, such as gasoline or diesel fuel, for their personal use. The reduction in excise tax on petroleum aims to benefit these consumers by lowering the price level of petroleum products, thereby reducing their expenses and potentially improving their overall cost of living.
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You’ve observed the following returns on Crash-n-Burn Computer’s
stock over the past five years: 2 percent, –9 percent, 24 percent,
17 percent, and 16 percent.
What was the arithmetic
The arithmetic mean return of Crash-n-Burn Computer's stock over the past five years is 10 percent.
To calculate the arithmetic mean return, we sum up all the individual returns and divide it by the number of observations. In this case, we add 2 percent, -9 percent, 24 percent, 17 percent, and 16 percent, which gives us a total of 50 percent. Then, we divide 50 percent by 5 (the number of observations) to get the arithmetic mean return.
(2% + (-9%) + 24% + 17% + 16%) / 5 = 10%
Therefore, the arithmetic mean return of Crash-n-Burn Computer's stock over the past five years is 10 percent.
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You are considering the investment of $1,000 in stock A, B, and T-bill. The probability distributions of assets are as follows. The covariance of stock A and B is 0 Stock A Stock B T-bill Expected return 10% 5% 2% Standard deviation 10% 5 0 (1) What is the investment weight on stock A and B at the optimal risky portfolio? (2) If you place 90% of your money in optimal risky portfolio and 10% in T-bill, what is the proportion invested in the T-bill and each of the two stocks? (3) In (2), what is the expected return and standard deviation at the complete portfolio? (4) Which stock would be chosen if you select one stock with higher the Sharpe ratio?
1. The covariance between stock A and B is 0, the variance simplifies to: Varp = (wA^2 * Vara) + (wB^2 * Varb)
2. Proportion in stock B = 90% * wB
3. Varc = (pA^2 * Vara) + (pB^2 * Varb) + (pT^2 * Vart)
4. SR = (ER - Rf) / SD
(1) To find the investment weights on stock A and B at the optimal risky portfolio, we need to calculate the portfolio's expected return and variance. Since the covariance between stock A and B is given as 0, there is no correlation between them, and the portfolio's variance simplifies.
The expected return of the optimal risky portfolio (ERp) can be calculated as the weighted sum of the expected returns of stock A (ERa) and stock B (ERb) using the investment weights (wA and wB):
ERp = wA * ERa + wB * ERb
The variance of the optimal risky portfolio (Varp) can be calculated as the weighted sum of the variances of stock A (Vara) and stock B (Varb) using the investment weights and considering the covariance:
Varp = (wA^2 * Vara) + (wB^2 * Varb) + 2 * wA * wB * Cov(A, B)
Since the covariance between stock A and B is 0, the variance simplifies to:
Varp = (wA^2 * Vara) + (wB^2 * Varb)
(2) If 90% of the money is invested in the optimal risky portfolio and 10% in T-bill, the proportion invested in the T-bill is 10%, and the proportion invested in each of the two stocks (A and B) can be calculated using the investment weights and the remaining 90% of the money:
Proportion in T-bill = 10%
Proportion in stock A = 90% * wA
Proportion in stock B = 90% * wB
(3) To calculate the expected return and standard deviation of the complete portfolio, we need to consider the proportions invested in each asset. Let's denote the proportions as pA, pB, and pT for stock A, stock B, and T-bill, respectively.
Expected return of the complete portfolio (ERc) can be calculated as:
ERc = pA * ERa + pB * ERb + pT * ERt
Since the T-bill has an expected return of 2%, ERt = 2%.
The variance of the complete portfolio (Varc) can be calculated as:
Varc = (pA^2 * Vara) + (pB^2 * Varb) + (pT^2 * Vart) + 2 * pA * pB * Cov(A, B) + 2 * pA * pT * Cov(A, T) + 2 * pB * pT * Cov(B, T)
Given that the covariance between stock A and T-bill (Cov(A, T)) and the covariance between stock B and T-bill (Cov(B, T)) are both 0, the variance simplifies to:
Varc = (pA^2 * Vara) + (pB^2 * Varb) + (pT^2 * Vart)
(4) To determine the stock with a higher Sharpe ratio, we need to calculate the Sharpe ratio for each stock. The Sharpe ratio measures the risk-adjusted return of an asset.
Sharpe ratio (SR) can be calculated as:
SR = (ER - Rf) / SD
Where ER is the expected return of the asset, Rf is the risk-free rate (T-bill rate), and SD is the standard deviation of the asset.
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