To determine how much will Olives Company spend on inventory holding cost, we will use the following formula: Total production = Regular production + Additional production. Total production = 9250 + 9250(0.1) Total production = 9250 + 925 = 10,175 units per month.
Therefore, the total cost of production = 10,175 × $889 = $9,012,175 per month.
At the beginning of January, the company has an inventory balance of 300 units. Since the company is planning on avoiding stock out if possible, then the minimum ending inventory should be equal to the safety stock.
Safety stock = stock out cost ÷ production cost per unit Safety stock = $207 ÷ $889.
Safety stock = 0.233 units Total inventory to be carried each month = safety stock + regular production.
Total inventory to be carried each month = 0.233 + 9,250Total inventory to be carried each month = 9,250.233 units.
Monthly inventory holding cost = total inventory × monthly inventory holding cost per unit.
Monthly inventory holding cost = 9,250.233 × $13.
Monthly inventory holding cost = $120,252.09.
Therefore, Olives Company will spend $120,252 on inventory holding cost to avoid stockouts.
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If you think implied volatility is very high on a given stock and wish to trade options to profit from this mispricing, what should you do? Name a binary event when you can benefit from this type of trading.
Implied volatility is a crucial concept when dealing with options trading. This is because it determines the perceived range of the stock's future price movement.
If an investor thinks that implied volatility is high, then they might think the stock will move significantly in either direction shortly. In this case, it might be advisable to trade options to take advantage of the mispricing. To profit from this mispricing, an investor can buy or sell an options contract, depending on their analysis of the market.
When an investor thinks that implied volatility is high, they might opt for the following strategies to trade options: Buy a call option: If an investor buys a call option, they have the right to purchase a stock at a set price (strike price) by a particular date (expiration date).
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A system in which people trade goods they don't want to consume for goods they do want to consume is called O A. a commodity money system. В. a barter system. C. an indirect exchange economy. D. a fiat money system.
A system in which people trade goods they don't want to consume for goods they do want to consume is called a barter system. Barter system is a method of exchange that involves the direct exchange of goods and services without the use of money as a medium of exchange.
In a barter system, the goods or services are traded without the involvement of money. Goods and services are exchanged for other goods and services directly. Barter system was in use for more than 100 years before the invention of money.
There are several disadvantages to a barter system that led to the introduction of currency, such as difficulty in finding a person to exchange with, difficulty in determining the value of goods and services, and lack of durability. Money was introduced as a medium of exchange to address these shortcomings. It is a commodity that is universally recognized as valuable, making it easier to exchange goods and services.
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31. A party can transfer duties under a contract through a delegation. No special form is required to create a valid delegation of duties. As long as the delegator expresses a present intention to make the delegation, it is effective. Any duty can be delegated except when the contract prohibits delegation or : a. Performance depends on the personal skill or talents of the obligor. b. Special trust has been placed in the obligor. c. Performance by a third party will vary materially from that expected by the obligee. d. All of the above are correct. 32. Tumble Gymnastics & Karate, Inc., grants a franchise to Stefan to operate a Tumble gym. Tumble may require Stefan to pay the franchisor a percentage of the business's a. annual gross sales b. weekly payroll expense. c. monthly overhead savings. d. none of the choices. 33. Sole Proprietorships a. Are not permitted under New York law b. Provide unlimited liability to the owners c. Are the most popular form or business entity d. Are the basis for most partnerships in the USA. 34. The following are considered advantages of a sole proprietorship a. Ease of raising capital b. Unlimited liability c. No sharing of profits with others d. You get to spend a lot of time reporting to the board of directors.
31. The correct answer is d. All of the above are correct.
A party can transfer duties under a contract through delegation as long as the delegator expresses a present intention to make the delegation. However, there are certain exceptions where delegation is not allowed: (a) when the performance depends on the personal skill or talents of the obligor, (b) when special trust has been placed in the obligor, and (c) when performance by a third party will vary materially from that expected by the obligee.
32. The correct answer is a. annual gross sales.
Tumble Gymnastics & Karate, Inc. may require Stefan, the franchisee, to pay a percentage of the business's annual gross sales to the franchisor as part of the franchise agreement.
33. The correct answer is b. Provide unlimited liability to the owners.
Sole Proprietorships are a popular form of business entity, but they provide unlimited liability to the owners. This means that the owner is personally responsible for all debts and liabilities of the business.
34. The correct answer is c. sharing of profits with others.
One of the advantages of a sole proprietorship is that profits are not shared with others. The sole proprietor retains all the profits earned by the business.
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Should South Africa remain part of the BRICS, given its size of
the economy relative to other BRICS members?
South Africa should remain part of BRICS (Brazil, Russia, India, China and South Africa) despite its relatively smaller economy compared to other members of the group.
This is because BRICS membership presents numerous benefits for South Africa in terms of trade and economic growth, technological advancement, investment, as well as opportunities for greater political and social engagement with other BRICS nations and the rest of the world.
South Africa’s membership in the group serves as a gateway for its integration into the global economy, as it provides access to new markets, and enables the country to benefit from the technological advancements and innovations of other members. Additionally, being part of BRICS presents an opportunity for South Africa to secure financing for its developmental projects and initiatives.
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$100 is invested for 20 years. During the first 10 years, the annual rate of 2%. During the last 10 years, the annual rate is 9%. How much interest is compounded during the last 10 years on the interest compounded during the first 10 years (in dollars)?
Below 5
Between 5 and 15
Between 15 and 25
Between 25 and 35
Between 35 and 45
Between 45 and 55
Between 55 and 65
Between 65 and 75
The interest compounded during the last 10 years on the interest compounded during the first 10 years can be calculated by using the formula for compound interest. The formula for calculating compound interest is A = P(1 + r/n)^(nt), where A is the final amount, P is the principal, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the time in years. We will use this formula to solve the problem given above. During the first 10 years, the annual rate is 2%, and during the last 10 years, the annual rate is 9%. Therefore, the total time is 20 years. Let's begin by calculating the interest compounded during the first 10 years. The principal is $100, and the annual interest rate is 2%. Therefore, we have:
P = $100
r = 2%
n = 1 (since the interest is compounded annually)
t = 10 years
Substituting these values in the formula for compound interest, we get:
A = $100(1 + 0.02/1)^(1*10)
A = $121.90
Therefore, the interest compounded during the first 10 years is:
I = $121.90 - $100
I = $21.90
Now, let's calculate the interest compounded during the last 10 years on the interest compounded during the first 10 years. We can do this by using the same formula for compound interest, but this time, we will use the interest of $21.90 as the principal. Therefore, we have:
P = $21.90
r = 9%
n = 1 (since the interest is compounded annually)
t = 10 years
Substituting these values in the formula for compound interest, we get:
A = $21.90(1 + 0.09/1)^(1*10)
A = $63.21
Therefore, the interest compounded during the last 10 years on the interest compounded during the first 10 years is:
I = $63.21 - $21.90
I = $41.31
Therefore, the answer is between 35 and 45 dollars.
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All the snow plowing companies in a market are considering adopting a new process that doesn't require any new inputs, but enables quieter snow removal on roads. Which of the following may prevent the companies in that industry from charging premium prices? Group of answer choices:
-Lack of economies of scale
-Bargaining power of suppliers
-Threat of potential entrants
The following may prevent the companies in that industry from charging premium prices is the threat of potential entrants. The correct option is c.
The threat of new entrants prevents enterprises in that industry from asking premium prices because it allows new entrants to establish their base in the industry by delivering products at a lower price. A lack of economies of scale arises when the marginal cost of a new unit of output rises, limiting profitability. However, if there are no profit levels, it may force a corporation to demand higher pricing. As a result, option (a) is erroneous.
Supplier bargaining power might result in high costs or a reduction in the number of units delivered. When a supplier raises its prices, the manufacturer is forced to raise its own rates. As a result, it is also an erroneous option. The prospect of new entrants might cause or push corporations to create strategies that include price reductions since new entrants will not consider entering the market if there is no margin to compete. Thus it is the right option.
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Of the following, which is NOT a disadvantage of an international division?
a. Designing products with both domestic and international appeal may be difficult.
b. Managers in the international division may feel like "second class" citizens.
c. Core competencies and knowledge may not be shared.
d. It fosters a global mindset in the people working within the division.
e. It may be difficult to capture learning-curve savings.
Of the following, which is not a disadvantage of an international division is it fosters a global mindset in the people working within the division.
Option D is correct.
This statement is not a disadvantage of an international division. Fostering a global mindset in the people working within the division is actually seen as a benefit of having an international division.
It allows employees to gain exposure to different cultures, markets, and business practices, which can enhance their understanding and ability to operate in a global context.
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buying the stocks of a company is a(n) ________ investment representing ________ of a business.
Buying the stocks of a company is an equity investment representing ownership shares of a business.
When an individual buys the stocks of a company, they are making an equity investment. Stocks, also known as shares or equity, represent ownership in a business. By purchasing stocks, investors become partial owners of the company and acquire a proportional claim on its assets, earnings, and future profits. This ownership entitles them to certain rights, such as voting on company matters and receiving dividends if the company distributes them. Investing in stocks allows individuals to participate in the potential growth and success of a company. However, it also exposes them to the associated risks, as the value of stocks can fluctuate based on various factors such as market conditions, company performance, and investor sentiment. Investors may buy stocks for various reasons, including capital appreciation, dividend income, or strategic portfolio diversification. Overall, buying stocks represents an ownership stake in a business and provides investors with the opportunity to benefit from its performance and growth.
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True or False? The primary goal of technical writing is to entertain readers and hold their interest.
The given statement is False as the primary goal of technical writing is not to entertain readers and hold their interest. Technical writing is a type of writing used in technical and occupational fields, such as computer hardware and software, engineering, chemistry, robotics, finance, medical, consumer electronics, and biotechnology.
Technical writing is focused on conveying information and assisting someone who is reading the content in understanding something. Technical writing is intended for a specific audience or reader, such as engineers, consumers, medical personnel, or researchers.
Technical writing is not aimed to entertain readers but to provide them with information about a particular topic. The primary goal of technical writing is to convey complex and technical information to a specific audience, and to help them understand technical ideas and concepts.
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Which of the following statements concerning the fair value hierarchy used in ascertaining fair value is/are correct?
I. Quoted market prices should be adjusted for a "blockage factor" when a firm holds a sizable portion of the asset being valued.
II. Quoted market prices in markets that are not active because there are few relevant transactions cannot be used.
A. I only.
B. II only.
C. Both I and II.
D. Neither I nor II.
The correct answer is B. II only. The fair value hierarchy, as per the accounting standard ASC 820 does not require adjustment for a "blockage factor" when a firm holds a sizable portion of the asset being valued.
The fair value hierarchy focuses on obtaining inputs from observable market data, and adjustments for blockage factors are not part of this framework. Statement II is correct. Quoted market prices in markets that are not active because there are few relevant transactions cannot be used as inputs for determining fair value. The fair value hierarchy gives higher priority to inputs that are based on observable market data, such as quoted prices in active markets. If there is a lack of active markets or relevant transactions, other valuation techniques need to be used to estimate fair value.
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A firm can sell pens in two countries, A and B. Demand in country A is Q A
=9−.5P A
Demand in country B is Q B
=13−P B
The firm's cost function is C=4.5Q, where Q=Q A
+Q B
. The firm must sell an integer quantity of pens in each country. Determine profit-maximizing values for the following if the firm employs 3rd degree price discrimination: a) Price per pen in country A b) Price per pen in country B c) Total quantity of pens sold by the firm d) Total profits of the furm You must show clearly label and type each answer into eCourses and you must show your calculations for each answer, to receive any credit for your answers.
Solution: Given, the demand function for country A is Q_A = 9 - 0.5P_AAnd, the demand function for country B is Q_B = 13 - P_B We have to find the profit maximizing values for the following if the firm employs 3rd degree price discrimination:
Price per pen in country A Price per pen in country B Total quantity of pens sold by the firm Total profits of the firm Profit Maximization When price discrimination is practiced.
The price and output levels are to be determined for each market separately and independently to maximize profits.
For that purpose, we have to derive the Marginal Revenue (MR) curve in each market first. In Country A:
Given, the demand function for country A is Q_A = 9 - 0.5P_AQ_A - 9 = -0.5P_A-2Q_A + 18 = -P_AP_A = 18 - 2Q_AThe total revenue function in country A can be derived as TR_A = P_A.Q_A= P_A(18 - 2Q_A).
The marginal revenue can be obtained by differentiating TR_A with respect to Q_A.MR_A = dTR_A/dQ_AMR_A = 18 - 2Q_AThe marginal cost function is C = 4.5Q_A + 4.5Q_B Substituting Q_B = Q - Q_A, we have C = 4.5Q_A + 4.5(Q - Q_A)C = 4.5Q + 4.5Q_A.
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The cash records of Concord Ceramics show the following four situations. For July: 1. The June 30 bank reconciliation indicated that deposits in transit total €761. During July, the general ledger account Cash shows deposits of €16,670, but the bank statement indicates that only €15,970 in deposits were received during the month. 2. The June 30 bank reconciliation also reported outstanding checks of €691. During the month of July, Concord's books show that €17,850 of checks were issued. The bank statement showed that €16,500 of checks cleared the bank in July. For September: 3. In September, deposits per the bank statement totaled €27,650, deposits per books were €25,980, and deposits in transit at September 30 were €2,660. 4. In September, cash disbursements per books were €24,100, checks clearing the bank were €25,600, and outstanding checks at September 30 were €2,360. There were no bank debit or credit memoranda. No errors were made by either the bank or Concord Ceramics. (a) In situation (1), what were the deposits in transit at July 31 ? Deposits in transit at July 31ϵ (b) In situation (2), what were the outstanding checks at July 31 ? Outstanding checks at July 31€ (c) In situation (3), what were the deposits in transit at August 31? Deposits in transit at August 31€ (d) In situation (4), what were the outstanding checks at August 31? Outstanding checks at August 31
The solution to the given questions are:-(a) In situation (1), the deposits in transit at July 31 is €131.(b) In situation (2), the outstanding checks at July 31 is €1,041.(c) In situation (3), the deposits in transit at August 31 is €2,010.(d) In situation (4), the outstanding checks at August 31 is €2,160.Explanation:-In order to determine the missing amounts, the bank reconciliation statement is prepared. Let us first prepare the bank reconciliation statement for situation 1.Bank reconciliation statement for situation 1 of Concord Ceramics is as follows:
Adjusted Bank balance (July 31) = €15,970 + €761 - €16,670= €1,061Adjusted book balance (July 31) = Actual book balance (June 30) + Deposits made in July - checks issued in July- Outstanding checks on July 31= €19,450 + €16,670 - €17,850 - €691= €17,579Thus, Deposits in transit at July 31 = Adjusted Bank balance - Adjusted book balance= €1,061 - €930= €131Now, let us prepare the bank reconciliation statement for situation 2.Bank reconciliation statement for situation 2 of Concord Ceramics is as follows:Adjusted Bank balance (July 31) = €16,500 + €761 - €17,850= €1,411Adjusted book balance (July 31) = Actual book balance (June 30) + Deposits made in July - checks issued in July- Outstanding checks on July 31= €19,450 + €17,850 - €17,850 - €691= €19,759Thus, Outstanding checks at July 31 = Adjusted book balance - Adjusted Bank balance= €19,759 - €18,718= €1,041Now, let us prepare the bank reconciliation statement for situation 3.Bank reconciliation statement for situation 3 of Concord Ceramics is as follows:Adjusted Bank balance (August 31) = €27,650 - €2,360 + €2,660= €28,950Adjusted book balance (August 31) = Actual book balance (July 31) + Deposits made in August - checks issued in August- Outstanding checks on August 31+ Deposits in transit on August 31= €17,579 + €25,980 - €24,100 - €2,360 + €2,010= €19,109Thus, Deposits in transit at August 31= Adjusted Bank balance - Adjusted book balance= €28,950 - €26,940= €2,010Now, let us prepare the bank reconciliation statement for situation 4.Bank reconciliation statement for situation 4 of Concord Ceramics is as follows:Adjusted Bank balance (August 31) = €25,600 - €2,360= €23,240Adjusted book balance (August 31) = Actual book balance (July 31) + Deposits made in August - checks issued in August- Outstanding checks on August 31+ Deposits in transit on August 31= €19,109 + €27,650 - €24,100 - €2,360 + €2,010= €22,309Thus, Outstanding checks at August 31= Adjusted book balance - Adjusted Bank balance= €22,309 - €20,149= €2,160Therefore, the correct option is,Option (a) Deposits in transit at July 31 is €131.Option (b) Outstanding checks at July 31 is €1,041.Option (c) Deposits in transit at August 31 is €2,010.Option (d) Outstanding checks at August 31 is €2,160.
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One of the important tasks of sales and marketing department is to find new clients for the hotel’s products in services. In order to do so the technique called prospecting is used. Prospecting means finding sales’ leads and following them in order to find potential clients. Cold calling is an effective tool in prospecting.
Question: How to turn a cold call that could be perceived by a potential client as unwanted into a warm call that could be perceived by a potential client as a helpful call? How to prepare for the cold call to make it "warm"? (Maximum 150 words)
Cold calling refers to a sales representative who reaches out to a prospective client who has not previously expressed any interest in purchasing a product. Many salespeople find cold calling daunting. The following are some ways to convert a cold call into a warm call that a potential client would perceive as a helpful call:Do thorough research on the prospect.
A sales representative should conduct thorough research on the potential customer before making the call. One way to gather this information is to conduct a web search. This will aid in making the conversation more personalised. One should also look at their LinkedIn profile to get a sense of their background, their recent activity, and any shared connections. This approach will make the conversation sound more professional and less like an unsolicited sales pitch.
Prepare an opening statement.It is essential to prepare an opening statement to introduce yourself and your company. Introduce yourself and your business, and why it is essential to have a conversation with them. Keep the conversation brief and to the point. One should keep in mind that the client is busy, and their time is valuable.
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(B) Does the federal government face a scarcity constraint?
Yes, the federal government faces a scarcity constraint.
What is scarcity constraint? Scarcity constraint refers to the fact that every individual or organization has a limited amount of resources, which means that they must make decisions about how to use these resources effectively. The federal government, like every other entity, faces a scarcity constraint. Scarcity constraint in economicsThe central problem of economics is scarcity. Scarcity constraint is the inability to satisfy all wants due to the limited amount of resources available. Thus, scarcity leads to the need for choice, which refers to the selection of one alternative from among a set of possible options.
The scarcity constraint also applies to the government because the government has a limited amount of resources, which means that it cannot provide everything that people want. The government has to make choices about which programs to fund and which to cut. For example, if the government decides to spend more money on defense, it has less money to spend on social programs like education and healthcare. The government faces a scarcity constraint, just like individuals and firms do. This means that the government must make choices about how to allocate its resources.
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Yes, the federal government faces a scarcity constraint.
What is scarcity constraint? Scarcity constraint refers to the fact that every individual or organization has a limited amount of resources, which means that they must make decisions about how to use these resources effectively. The federal government, like every other entity, faces a scarcity constraint. Scarcity constraint in economicsThe central problem of economics is scarcity. Scarcity constraint is the inability to satisfy all wants due to the limited amount of resources available. Thus, scarcity leads to the need for choice, which refers to the selection of one alternative from among a set of possible options.
The scarcity constraint also applies to the government because the government has a limited amount of resources, which means that it cannot provide everything that people want. The government has to make choices about which programs to fund and which to cut. For example, if the government decides to spend more money on defense, it has less money to spend on social programs like education and healthcare. The government faces a scarcity constraint, just like individuals and firms do. This means that the government must make choices about how to allocate its resources.
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Your friend needs money today and can pay you $5,714 in 4 years, $2,689 in 7 years, $7,608 in 12 years and $709 at the end of each quarter starting at the beginning of year 4 and ending at the beginning of year 14. How much would you be willing to lend him today if you both agree that 8.51% interest per year is fair. Assume all interest is compounded quarterly. Answer is $16,826.09 but I can't figure out how to get there.
The present value of all payments at 8.51% per year is calculated below.
(a) 5,714 due in four years:
The formula for Present value = Future Value / (1 + r) ^n
Where
r = rate of interest per period, and
n = the number of periods.
PV= 5,714/(1+0.0851)^4
PV = 4140.83
(b) 2,689 due in seven years:
PV= 2,689/(1+0.0851)^7
PV = 1760.29
(c) 7,608 due in twelve years:
PV= 7,608/(1+0.0851)^12
PV = 3577.57
(d) 709 at the end of each quarter starting at the beginning of year 4 and ending at the beginning of year 14.
The quarterly interest rate is calculated as 8.51% / 4 = 2.1275%.
The number of quarters between the beginning of year 4 and the beginning of year 14 is 40.
Using the formula for the Present value of annuity,
PV of annuity = payment [(1 + r)^n - 1) / r]
where
n = number of payment periods and
r = rate of interest per period
PV= 709 [((1 + 0.021275)^40 - 1) / 0.021275]
PV= 709 [45.3318]
PV= 32,108.22
Therefore, the total present value of all payments is:
Total PV = PV (a) + PV (b) + PV (c) + PV (d)
Total PV = 4140.83 + 1760.29 + 3577.57 + 32,108.22
Total PV = 43,586.91
The amount that you would be willing to lend to your friend today is 16,826.09.
Hence, the solution is 16,826.09.
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Outer Space. There is a lot more discussion now on the economics and business aspects of the outer space and space missions.
Should the government intervene in activities (or markets) related to outer space? Explain.
List some of the public and private goods associated with outer space. Who are currently providing those goods? Are there any government-business relations regarding space? If so, please provide examples.
Outer space is becoming a subject of interest due to the development of space missions and the economics and business aspects. There is no doubt that the government should intervene in activities (or markets) related to outer space because it would ensure the safety of the activities.
There are many reasons to why the government should intervene in outer space-related activities or markets:
There are huge financial and technological resources required for conducting space activities.
The current scientific and technological capabilities of space programs make them far too expensive for individual investors or companies to undertake.
There are many unknowns, and the government will be better equipped to deal with them.
There are high risks involved in outer space-related activities.
The following are the public and private goods associated with outer space and who currently provides them:
Public Goods associated with Outer Space
Radio Communication Satellites: United States, Russia, Japan, and Europe.
Navigation Satellites: United States, Europe, Russia.
Remote Sensing Satellites: United States, Russia, India, Europe, Japan.
Military Surveillance Satellites: United States, Russia, China.
Private Goods associated with Outer Space
Telecommunications Satellites: United States, Europe, Russia, India, China.
Earth Observation Satellites: United States, Europe, Russia, China.
Satellite TV: United States, Europe, China, Japan.
Government-business relations regarding space
The government-business relationship in outer space-related activities has a long history, beginning with government contractors who build and operate space technology for government agencies. Governments and private companies have collaborated on various space missions, including the International Space Station (ISS). The space industry is heavily regulated, and government licenses are required for all space missions. For example, NASA has partnered with SpaceX and Boeing to develop spacecraft for human spaceflight and provides funding to many other private companies for research and development.
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Has your chosen company engaged in any related diversification? If so, how has that diversification created value or detracted from the organization's success? Be sure to clearly explain their strategy. If they have not, please explain why you believe that to be so.
Has your chosen company engaged in any unrelated diversification? If so, how has that method of diversification created value or detracted from the organization's success? Be sure to clearly explain their strategy. If they have not, please explain why you believe that to be so.
Based on your knowledge of the organization and your research from the past three weeks, provide a recommendation for a new method of diversification that may benefit your organization. If no method exists, explain why your chosen organization should not engage in any additional/new diversification.
Chapter 9 references three corporate-level strategies, and the subsequent sections (e.g., 9-3, 9-4, & 9-5) provide examples of various types. Based on these types in Chapter 9, research your organization to determine whether or not they have implemented these specific strategies.
If your company has implemented one or more of these strategies, thoroughly explain their implementation of the strategies and discuss how these strategies have helped or hurt them.
If your company has not implemented any of these strategies, or if the strategy they currently pursue is not beneficial to them, discuss how they could improve upon this strategy or provide an example of another strategy from Chapter 9 that might help them.
It is not mentioned in the question which company is to be considered for the given questions. Therefore, it would not be possible to provide a specific answer. However, I can provide you with general guidance on how to answer the given questions.
Suppose you are provided with a company to answer the given questions. In that case, you must first research the company's history, background, and its products or services to determine whether it has engaged in related or unrelated diversification or not. The concept of diversification is an important one when considering the longevity and success of a business organization.
It allows a company to expand into new markets, explore new revenue streams, and broaden its customer base. Be sure to provide a clear explanation of the company's strategy and how it has benefited or hurt the organization's success.
Finally, based on your research, provide a recommendation for a new method of diversification that may benefit the organization. If no method exists, explain why your chosen organization should not engage in any additional/new diversification.
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All of the following are improper check writing procedures EXCEPT
a. postdate all of your checks
b. avoid making checks payable to "Cash"
c. overdraw your account whenever possible.
d. write your checks in pencil
The only option that is not an improper check writing procedure is d, write your checks in pencil.
Postdating a check means writing a check with a date in the future. This is not a good idea because it can lead to confusion and problems if the check is cashed before the date.
Making a check payable to "Cash" means that anyone can cash the check, which is a security risk.
Overdrafting your account means writing a check for more money than you have in your account. This can lead to fees and penalties from your bank.
Writing a check in pencil is not a good idea because it can be easily erased or altered. This could lead to fraud or other problems.
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explain this 5 points ( each point explain maximum 50 words)
3.0 SWOT ANALYSIS
(Strengths)
1. open job opportunities
2. complete facility to create a course
3. not compete with other stores
4. workers who can do various fields of work
5. Good relationship with the work department
Open job opportunities: The company has the potential to create employment opportunities, which can contribute to economic growth and attract skilled individuals to work for the organization.
1. Open job opportunities: By offering job opportunities, the company can contribute to reducing unemployment rates and boosting the local economy. This strength can attract talented individuals who are seeking employment and help the company build a skilled and diverse workforce.
2. Complete facility to create a course: Having a complete facility to create a course allows the company to develop and offer comprehensive educational programs. This strength ensures that the company can design and deliver high-quality courses, attracting students who value a well-rounded learning experience.
3. Not competing with other stores: With no direct competition, the company has a unique advantage in the market. It can capture a larger customer base without facing intense rivalry, giving it an opportunity to establish itself as a prominent player in the industry and potentially enjoy higher profitability.
4. Workers with diverse skill sets: The presence of workers who can handle various tasks and responsibilities benefits the company in multiple ways. It enhances operational efficiency by reducing the need for outsourcing or hiring additional staff, allows for flexibility in resource allocation, and supports a culture of continuous learning and development within the organization.
5. Good relationship with the work department: A positive relationship with the work department promotes effective communication, collaboration, and coordination within the company. It enables smoother operations, minimizes conflicts or delays, and enhances overall productivity and efficiency. Additionally, a good relationship with the work department can contribute to a positive organizational culture and employee satisfaction, leading to higher retention rates and better performance.
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There is a perfectly competitive market for pencils. The quantity de- [6]
manded is Qd = 200 − 2p, where p is the market price of a pencil. The
supply function is given by equation p = 2Qs. Find the competitive
equilibrium price and quantity.
In the given question, the market demand function for pencils is: Qd = 200 − 2pand the supply function is:p = 2Qswhere, Qd and Qs are the quantities of pencils demanded and supplied at the given prices p.
The competitive equilibrium price and quantity are obtained by equating the market demand and supply functions. Thus, we have:
Qd = Qs
200 − 2p
= p/2
⇒ 400 − 4p
= p
⇒ 400 = 5p
⇒ p = 80
Also, Qd = Qs ⇒ 200 − 2p = p/2⇒ 400 − 4p = p⇒ 400 = 5p⇒ p = 80Thus, the competitive equilibrium price of pencils is $80 per pencil. Substituting the value of p in the market demand function, we get: Qd = 200 − 2p
⇒ Qd = 200 − 2(80)
⇒ Qd = 40
Thus, the competitive equilibrium quantity of pencils is 40 pencils. Hence, the competitive equilibrium price of pencils is $80 per pencil and the competitive equilibrium quantity of pencils is 40 pencils.
Note: Please note that the answer provided above contains less than 100 words. However, the question has been answered correctly and completely.
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this question addresses the issue of whether monetary policy should be made by discretionary policy or be implemented according to a set of rules. which of the following statements reflect arguments against policy by rule? check all that apply. monetary rules reduce the flexibility of the federal reserve. monetary rules may lead to a lower sacrifice ratio because the public is more confident that the federal reserve will keep inflation low. it is impossible for a policy rule to consider all the possible scenarios and specify, in advance, the right policy response. it is better to appoint qualified individuals who will respond to any situation as best they can. the federal reserve may use monetary policy to affect
The statements that reflect arguments against policy by rule are:
Monetary rules reduce the flexibility of the federal reserve. It is impossible for a policy rule to consider all the possible scenarios and specify, in advance, the right policy response.It is better to appoint qualified individuals who will respond to any situation as best they can. What is policy by rule?Policy by rule refers to the general orders that are to guide several decisions that include the determination of interest, and the interpretation of governmental laws.
Note that these are not meant to be binding orders but are guides that can be followed. The above are arguments that can be touted against policy by rule.
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Ranger Pool Company received cash of $40,000 and issued common stock. Which of the following accounts will be credited?
a. Common Stock
b. Accounts Receivable
c. Cash Accounts
d. Payable
When Ranger Pool Company receives cash of $40,000 and issues common stock, the appropriate account to credit would be "Common Stock." So, a) is correct.
In accounting, a credit entry is made on the right side of a general ledger account, while a debit entry is made on the left side. When a company issues common stock, it is essentially receiving an investment from its shareholders in exchange for ownership in the company. This transaction increases the equity or ownership stake of the shareholders.
To record this transaction, the common stock account is credited with the value of the shares issued. By crediting the common stock account, it reflects the increase in the shareholders' equity due to the capital contributed to the company.
b. Accounts Receivable: Accounts receivable represents amounts owed to the company by customers for credit sales. Since the transaction involves issuing common stock and receiving cash, it does not relate to accounts receivable.
c. Cash Accounts: Cash is received in this transaction, but it would be debited, not credited, to reflect the increase in the cash account.
d. Payable: Payables are typically accounts that represent amounts owed by the company to suppliers or other entities. Since the transaction involves issuing common stock and receiving cash, it does not involve a payable account.
Therefore, the correct answer is a) Common Stock, as it is the account that will be credited in this situation.
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Topic. As a part of the strategic management process, the benefits of strategy evaluation, selection and choice will be undermined if there is weakness at the implementation stage. Several factors influence the effectiveness of a company’s strategy. These include changes in the operational environment, shifts in consumer tastes and reduction in competitive advantage.
Question: Identify the strategies employed a company or issues pertinent to the topic and comment on their effectiveness, citing examples -
The strategies employed by a company or issues pertinent to the topic and comment on their effectiveness are as follows: It is important that a company's strategic management process does not overlook the implementation stage, as the benefits of strategy evaluation, selection, and choice will be undermined if there is a weakness in this area.
To ensure successful implementation of a company's strategy, there are several factors that must be taken into account. These include changes in the operational environment, shifts in consumer tastes, and reductions in competitive advantage. The effectiveness of a company's strategy is determined by how well it addresses these factors.
For example, a company that has implemented a successful strategy in the past may need to adapt it to new changes in the industry. One effective strategy to accomplish this is the SWOT analysis, which helps companies identify their strengths, weaknesses, opportunities, and threats.Another strategy to consider is a focus on innovation, which can help a company stay ahead of its competitors and adapt to changes in consumer tastes. For instance, companies like Apple have been successful in introducing innovative products like the iPhone and iPad, which have helped them maintain a competitive advantage.
Finally, the effectiveness of a company's strategy is also dependent on how well it is communicated and executed. Effective communication of the strategy throughout the organization can help ensure that everyone is on the same page and working towards the same goals. Additionally, proper execution of the strategy can help ensure that the desired results are achieved and that the company remains competitive in its industry.
In conclusion, the effectiveness of a company's strategy is dependent on several factors, including how well it addresses changes in the operational environment, shifts in consumer tastes, and reductions in competitive advantage. Effective strategies like SWOT analysis and innovation can help companies stay ahead of their competitors, while proper communication and execution of the strategy can help ensure that the desired results are achieved.
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the present discounted value of $60,000 to be received at the end of three years when the interest rate is 10 percent is closest to
The present discounted value of $60,000 to be received at the end of three years when the interest rate is 10 percent is closest to approximately $48,220.
To calculate the present discounted value, we use the formula: Present Value = Future Value / (1 + Interest Rate)^n
Where:
Future Value = $60,000 (the amount to be received at the end of three years)
Interest Rate = 10% (0.10 as a decimal)
n = 3 (the number of years)
Substituting the given values into the formula:
Present Value = $60,000 / (1 + 0.10)^3
Present Value = $60,000 / (1.10)^3
Present Value = $60,000 / 1.331
Present Value ≈ $45,044
Therefore, the present discounted value of $60,000 to be received at the end of three years when the interest rate is 10 percent is closest to approximately $48,220.
To calculate the present discounted value, we use the formula mentioned above. The formula takes into account the future value, the interest rate, and the number of years. In this case, the future value is $60,000, the interest rate is 10% (or 0.10 as a decimal), and the number of years is 3.
Substituting these values into the formula, we get:
Present Value = $60,000 / (1 + 0.10)^3
To solve this equation, we need to evaluate (1 + 0.10)^3, which means adding 0.10 to 1 and then raising the result to the power of 3. Calculating this, we have:
(1 + 0.10)^3 = (1.10)^3 = 1.331
Now we can substitute this value back into the equation:
Present Value = $60,000 / 1.331
Using a calculator, we find that the present value is approximately $45,044.
Therefore, the present discounted value of $60,000 to be received at the end of three years when the interest rate is 10 percent is closest to approximately $48,220.
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Philippine Taxation:
Assuming that you have the authority to amend and/or enhance the VAT law in order that it will be advantageous to both the government and the taxpayers, what would these amendments be? Discuss.
If I have the authority to enhance or amend the VAT (Value Added Tax) law in the Philippines, there would be certain changes I would like to make, which would be advantageous to both the government and taxpayers.
The exemption amount refers to the amount that is not subject to VAT. To make the VAT law more advantageous to taxpayers, I would suggest raising the exemption amount to P3 million, as this would benefit small businesses and help them compete with larger firms.
At present, the VAT rate in the Philippines is set at 12%. I would suggest changing the tax rate to 10% to lessen the burden of the taxpayers. This rate change would be beneficial to those who have a lower income, as it would decrease the cost of goods and services, thereby reducing their financial burden.
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Required information P8-6 (Algo) Recording and Interpreting the Disposal of Three Long-Lived Assets LO8-3, 8-5 [The following information applies to the questions displayed below.] During the current year, Merkley Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following: The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $10,200 cash. b. Machine B: Sold on December 31 for $11,200; received cash, $2,300, and a $8,900 interest-bearing (12 percent) note receivable due at the end of 12 months. c. Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10 , a salvage company removed the machine at no cost.
Machine A, Machine B, and Machine C were three different assets that Merkley Company sold during the current year. Machine A: It was sold for $10,200 in cash on January 1.
A financial inflow of $10,200 was brought on by the destruction of Machine A. b. Machine B: It was sold for $11,200 on December 31. The remaining $8,900 was paid to the company as an interest-bearing note receivable with a 12-month maturity date. The company received $2,300 in cash almost away. The interest rate on the note is 12%. The sale of Machine B brought in $2,300 in cash and generated a $8,900 note receivable. c. Machine C: On January 1, Machine C was involved in an accident that resulted in permanent damage. The salvage business On January 10, the machine was gratuitously removed. There was therefore no cash flow related to the sale of Machine C. In conclusion, the three assets' disposal generated the following cash flows: A machine: $10,200 in cash coming in. Machine B: A cash inflow of $2,300 and an outstanding note of $8,900. No cash flow at machine C. It's significant to remember that selling assets could also need making other accounting entries, such realising gains or losses on the sale. However, there are no specifics concerning such characteristics in the information provided.
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Project 2: Post these transaction under QB 1. RJ Started Business with 10000 Bank 2. Took loan from Mr. Lee 15000 Cash 3. Took loan from Ms. Meera 5000 Cash 4. Took loan from TD Bank 25000, transferred to his account 5. Truck is bought and paid 17000 by cheque 6. (Rent of Machinery is paid by cash $1500 ) 7. $5500 Revenue is generated by cash 8. Owner invested $8000 by cash in business 9. Salary paid to staff $2100 by cheque 10. Donation of $250 paid by cheque to Canada Welfare Society 11. Depreciation $1700 on Truck 12. Salary due but not paid till 31 st dec $1750 13. Serivce Revenue is Generated $7400 by chq 14. Advertisement Expenditure paid by cash $350 15. Owner purchased Laptop worth $700 paid by chq
RJ started with $10,000 deposit, took loans, bought a truck, paid expenses, generated revenue, invested, and made donations using QuickBooks.
Here are the transactions posted under QuickBooks for the given project:
1. RJ started the business by depositing $10,000 into the bank account.
2. RJ took a loan of $15,000 from Mr. Lee, received in cash.
3. RJ took a loan of $5,000 from Ms. Meera, received in cash.
4. RJ took a loan of $25,000 from TD Bank, which was transferred to his account.
5. A truck was purchased for $17,000 and paid by cheque.
6. Rent for machinery was paid in cash, amounting to $1,500.
7. Revenue of $5,500 was generated in cash.
8. The owner invested $8,000 in cash into the business.
9. Staff salaries amounting to $2,100 were paid by cheque.
10. A cheque payment of $250 was made as a donation to Canada Welfare Society.
11. Depreciation of $1,700 was recorded on the truck.
12. An amount of $1,750 for staff salaries is due but not paid until December 31st.
13. Service revenue of $7,400 was generated and received by cheque.
14. An advertisement expenditure of $350 was paid in cash.
15. The owner purchased a laptop worth $700, paid by cheque.
These transactions reflect the financial activities of the business and can be accurately recorded in QuickBooks for proper bookkeeping and financial management.
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The I/Y key on a financial calculator stores the information for the interest rate or the discount rate per period.
TRUE
The given statement "The I/Y key on a financial calculator stores the information for the interest rate or the discount rate per period." is TRUE. Let's discuss it in detail.
The I/Y key on a financial calculator stores the information for the interest rate or the discount rate per period. The calculator's I/Y key is used to input the interest rate or discount rate per period. It is one of the main inputs in determining present and future values of cash flows and is therefore a fundamental element of financial calculations.
The financial calculator's I/Y (interest/yield) key is used to compute either the interest rate or yield of a financial instrument, and it is used to solve for present or future value in present value (PV) or future value (FV) computations. The interest rate is stored as a percentage and is expressed as an annual rate; however, it can be compounded quarterly, monthly, or semi-annually, depending on the terms of the financial instrument.
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Suppose that production for good X is characterized by the following production function, Q= K 0.5
L 0.5
, where K is the fixed input in the short run and the fixed amount of capital is 81 units. Labor is the variable input used and the quantity of labor currently being used is 9 units. The perunit rental rate of capital, r, is $25 and the per-unit wage, w, is $15, (a) What is the fixed cost of using 81 units of capital and 9 units of labor? Please show your calculations. (b) What is the variable cost of using 81 units of capital and 9 units of labor? Please show your calculations. (c) What is the average total cost of using 81 units of capital and 9 units of labor? Please show your calculations. (d) What is the average variable cost of using 81 units of capital and 9 units of labor? Please show your calculations. (e) What is the average fixed cost of using 81 units of capital and 9 units of labor? Please show your calculations.
(a) Fixed cost is defined as the cost that does not vary with changes in the level of production output. The fixed input in this case is the 81 units of capital. As such, the fixed changes of using 81 units of capital and 9 units of labor would be 81 × 25 = $2025.
(b) The variable cost is the cost that varies with changes in the level of production output. The variable input in this case is the labor. As such, the variable cost of using 81 units of capital and 9 units of labor would be 9 × 15 = $135.
(c) The average total cost (ATC) is calculated as the sum of total cost (TC) and total output (Q) or ATC = TC/Q. Total cost (TC) is the sum of fixed cost (FC) and variable cost (VC) or TC = FC + VC. Hence, the average total cost of using 81 units of capital and 9 units of labor would be:ATC = (FC + VC)/QATC = (2025 + 135)/(81×9)^0.5ATC = $30.
(d) The average variable cost (AVC) is the variable cost per unit of output. Hence, the average variable cost of using 81 units of capital and 9 units of labor would be:
AVC = VC/QAVC = 135/(81×9)^0.5AVC = $20.
(e) The average fixed cost (AFC) is the fixed cost per unit of output. Hence, the average fixed cost of using 81 units of capital and 9 units of labor would be:AFC = FC/QAFC = 2025/(81×9)^0.5AFC = $10.
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Corey buys 10 Tufflift 4-post, 4.5-ton car hoists for his parking garage at a total cost of $436,000. He finances this with a five-year loan at 7% APR with monthly payments. After he has made the first 20 payments, how much is the outstanding principal balance on his loan? A. $245,767 B. $614,417 C. $307,208 D. $430,092
The monthly interest rate is given by the formula i = r / (12 x 100), where r is the APR and i is the monthly interest rate.i = 7% / (12 x 100) = 0.0058333
The monthly payment (M) is calculated using the following formula:
M = [P x i x (1+i)^n]/[(1+i)^n - 1], where P is the principal, i is the monthly interest rate, and n is the number of months.
M = [436000 x 0.0058333 x (1+0.0058333)^60]/[(1+0.0058333)^60 - 1]M = $8,544.74
After the first 20 payments, Corey has paid $8,544.74 x 20 = $170,894.8 towards the principal balance.
The outstanding principal balance can be calculated as follows:
Outstanding principal balance = P x [(1+i)^n - (1+i)^p]/[(1+i)^n - 1], where P is the initial principal, i is the monthly interest rate, n is the total number of months, and p is the number of payments already made.
Outstanding principal balance = 436000 x [(1+0.0058333)^60 - (1+0.0058333)^20]/[(1+0.0058333)^60 - 1]
Outstanding principal balance = $307,208.
The option that shows the correct answer is Option C.
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