The nominal annual rate of interest compounded semi-annually required to double an investment in 7 years is 10.2%.
The formula for compound interest compounded semi-annually is:
A = P(1 + r/n)^nt
where:
A is the future value
P is the present value
r is the nominal annual interest rate
n is the number of compounding periods per year
t is the number of years
In this case, we want A = 2P, t = 7 years, and n = 2 (since we are compounding semi-annually. So we can solve for r:
2P = P(1 + r/2)^2t
2 = (1 + r/2)^14
(1 + r/2)^7 = 2
1 + r/2 = 2^(1/7)
r/2 = 2^(1/7) - 1
r = 2(2^(1/7) - 1)
r = 10.2%
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Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $330,000 of bonds, on which there was $3,300 of unamortized discount, for $343,000. b. Sold 12,000 shares of $10 par common stock for $17 per share. C. Sold equipment with a book value of $58,100 for $83,700 d. Purchased land for $300,000 cash. e. Purchased a building by paying $81,000 cash and issuing a $100,000 mortgage note payable. f. Sold a new issue of $240,000 of bonds at 98. g. Purchased 2,700 shares of $15 par common stock as treasury stock at $29 per share. h. Paid dividends of $2.50 per share. There were 34,000 shares issued and 5,000 shares of treasury stock. Effect Amount a. Cash payment Cash receipt .Cash receipt d. Cash payment e. Cash payment f. Cash receipt g. Cash payment Cash payment 343,000 83,700 300,000 81,000
Retired $330,000 of bonds, on which there was $3,300 of unamortized discount, for $343,000. Effect: Cash receipt. Amount: $343,000. Sold 12,000 shares of $10 par common stock for $17 per share. Effect: Cash receipt.Amount: $204,000
Sold equipment with a book value of $58,100 for $83,700. Effect: Cash receipt. Amount: $83,700. Purchased land for $300,000 cash. Effect: Cash payment. Amount: $300,000.Purchased a building by paying $81,000 cash and issuing a $100,000 mortgage note payable.Effect: Cash payment. Amount: $81,000.Sold a new issue of $240,000 of bonds at 98.Effect: Cash receipt. Amount: $235,200
Purchased 2,700 shares of $15 par common stock as treasury stock at $29 per share.Effect: Cash payment. Amount: $78,300. Paid dividends of $2.50 per share. There were 34,000 shares issued and 5,000 shares of treasury stock.Effect: Cash payment. Amount: $85,000. It's important to note that the amounts provided are based on the information given in the question and may vary depending on specific circumstances.
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As a human relations specialist at a small manufacturing firm interested in adding employees capable of conceptualizing and designing new products, you have been asked to develop screening criteria to rate new recruits on the following dimensions:
Knowledge, skills, and expertise
Drive, motivation, and perseverance (intrinsic motivation)
Creative thinking
Self-confidence, independence, and willingness to take a risk
Willingness to be flexible and seek support as required
Analyze in detail the screening criteria you will develop to rate new recruits, long with the recommendations you will make to individual departments in their quest to hire highly innovative individuals.
A successful innovation screening process is a combination of quantitative and qualitative measurements. Quantitative criteria measure the prospect’s knowledge, skills, and experiences, whereas qualitative measurements measure the individual's creativity, innovation, and ability to work in a team.
The screening criteria for this dimension includes the relevant educational qualifications, work experience, and the ability of the recruit to apply their knowledge to real-world scenarios.Drive, motivation, and perseverance (intrinsic motivation)
Creative thinkingThe screening criteria for this dimension includes the ability of the recruit to think critically, creatively and outside the box. Self-confidence, independence, and willingness to take a riskThe screening criteria for this dimension includes the confidence and ability of the recruit to take the initiative, work independently, take calculated risks, and handle pressure.
The HR department can work with managers to create questions for the interviewing process that gauge the candidate's innovative skills. The HR department may also use scenarios where the candidate is asked to come up with new ideas that can be used in the company, especially during the hiring process, where it is challenging to evaluate candidates for the above dimensions without an actual project.
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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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you are the ceo of a car manufacturing company, and realize that you may have to lay off 10,000 employees unless you take some other form of action. your chief financial officer comes up with two solutions: the first saves 6,000 jobs, and the second causes the company to lose 4,000 jobs. the first option sounds ideal at first; however, both options give the same outcome of cutting 4,000 jobs and saving 6,000 jobs. this example represents the concept of:
After analyzing the situation of the CEO, this example represents the concept of framing effect.
The framing effect refers to how people's decisions and judgments are influenced by how information is presented or "framed." It suggests that the way a situation or choice is framed can significantly impact decision-making.
The framing effect shows that individuals may respond differently based on whether options are presented as gains or losses, highlighting the role of perception and cognitive biases in decision-making. The framing effect demonstrates that the same information presented in different ways can elicit varying responses and decisions from individuals.
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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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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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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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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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Which statement best describes what labor leaders George Meany of the AFL and Walter Reuther of the CIO believed about the role of unions?
A) Meany believed unions needed to focus on the economic well-being of their members, while Reuther had more militant views on what unions should do regarding promoting racial equality and organizing members.
B) Reuther believed unions needed to focus on the economic well-being of their members, while Meany had more militant views on what unions should do regarding promoting racial equality and organizing members.
C) Meany supported a merger of the AFL and CIO, while Reuther opposed this merger.
D) Both Meany and Reuther favored the Landrum-Griffin Act, which broadened government control over union affairs.
A) Meany believed unions needed to focus on the economic well-being of their members, while Reuther had more militant views on what unions should do regarding promoting racial equality and organizing members.
Labor leaders George Meany of the AFL (American Federation of Labor) and Walter Reuther of the CIO (Congress of Industrial Organizations) had distinct perspectives on the role of unions. Meany emphasized the economic well-being of union members, prioritizing issues such as wages, benefits, and working conditions. He believed that unions should primarily focus on improving the economic interests and rights of their members.
On the other hand, Reuther held more militant views and believed that unions should not only address economic concerns but also actively work towards social and political goals. He advocated for promoting racial equality, organizing workers, and pursuing broader social justice initiatives.
Therefore, option A accurately captures the differing views of Meany and Reuther, with Meany focusing on economic well-being and Reuther advocating for a more comprehensive and activist role for unions.
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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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What are the components of minimizing the risk in investing in a
company? Provide an example to illustrate your understanding.
Minimizing the risk of investing in a company is a key to successful investing. The following are components that help to reduce the risk in investing in a company:DiversificationDiversification is the process of spreading the risks across different asset classes, sectors, and geographic regions.
It is the best way to manage the risks involved in investing in a company. An investor should invest in a variety of securities to avoid over-reliance on any single company.
This is a form of insurance against unexpected losses. For example, if an investor puts all of his money into one stock, then he is at a higher risk of losing all his investment if the company fails due to market volatility.Risk Management PlanRisk management plan involves evaluating and planning for potential risks involved in investing in a particular company.
This plan outlines the strategies, techniques, and processes to minimize the risk associated with investing in a company. This includes identifying potential risks, analyzing the risks, and determining the likelihood of the risks occurring.
For example, if an investor is planning to invest in a company, he should evaluate its financial health, business model, growth prospects, and management team before making a decision to invest.Portfolio RebalancingPortfolio rebalancing is a process of adjusting the asset allocation to maintain a portfolio's desired risk level. This involves selling some of the stocks that have performed well and buying stocks that have not performed well. This strategy helps to reduce the risk of losing money in the long run.
For example, if an investor has a portfolio of 70% stocks and 30% bonds, he may rebalance by selling some stocks and buying bonds to maintain the desired allocation. In conclusion, investing in a company is a risky business. However, the above components help to minimize the risk involved in investing. By diversifying one’s portfolio, creating a risk management plan, and portfolio rebalancing, investors can protect their investment and maximize their returns.
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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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Bolero Company holds 70 percent of the common stock of Rivera, Inc., and 30 percent of this subsidiary's convertible bonds. The following consolidated financial statements are for 2020 and 2021 (credit balances indicated by parentheses): Additional Information for 2021 - The parent issued bonds during the year for cash. - Amortization of databases amounts to $16,000 per year. - The parent sold a building with a cost of $82,000 but a $41,000 book value for cash on May 11. - The subsidiary purchased equipment on July 23 for $209,000 in cash. - Late in November, the parent issued stock for cash.
Previous question
Given that Bolero Company holds 70 percent of the common stock of Rivera, Inc., and 30 percent of this subsidiary's convertible bonds and the provided consolidated financial statements for 2020 and 2021, we can analyze the additional information for 2021 as follows:-
The parent issued bonds during the year for cash, which means that the bonds are considered a liability and thus would be recorded in the liability section of the consolidated financial statements.-
Amortization of databases amounts to $16,000 per year.
This would be a non-cash expense, which would reduce the net income of the parent and subsidiary for 2021.-
The parent sold a building with a cost of $82,000 but a $41,000 book value for cash on May 11.
This would result in a gain of $41,000 for the parent, which would be reported on the income statement of the parent.-
The subsidiary purchased equipment on July 23 for $209,000 in cash.
This would be recorded as a non-current asset on the subsidiary's balance sheet.- Late in November, the parent issued stock for cash.
This would increase the equity of the parent and would be recorded on the parent's balance sheet.
The consolidated financial statements for 2021 would incorporate these changes and would show the updated financial position of Bolero Company and Rivera, Inc.
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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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The customer, Chrysler Corporation, is requesting a batch of side mirrors be delivered by truck every four hours from the company you are making this value stream map for (Michigan Mirror Monopoly). Chrysler requires a total of 600 mirrors a day (300 left side and 300 right side). There is only one shift working at all of the plants. An ERP process is used in Production Control. The mirrors are entirely made of ABS plastic resin which comes from DuPont Chemical. Two tons of ABS resin is shipped by train three times a day from DuPont. Each mirror consumes five pounds of ABS resin. Chrysler sends the order via email as does Michigan Mirror Monopoly to DuPont. The ABS resin is injection molded into mirror housings with the assistance of two operators. It takes 10 seconds to produce a mirror. It takes 30 minutes to change dies from producing left mirrors to right mirrors, which is done once a day. The entire mirror producing facility is a push system. All companies have seven hours of work time. Lunches and breaks are separate and make for an eight hour work day (30 minutes for lunch and two 15 minutes breaks). Figure out the excess inventory between each process by calculating the cycle time for a 7 hour work day with an 80% uptime rate at each process. After the mirrors are injection molded, they are sent to the paint shop which can paint a mirror every 15 seconds (sprayed and baked). Two people work in the paint shop to monitor quality. There is no changeover time for this process because the spray guns are cleaned automatically. The painted mirrors are then assembled with the actual mirrors and electric motors and cabling. Assembly takes 60 seconds with three operators for each mirror. Production control members visit each process personally to make sure everything stays on schedule and to expedite certain shipments. Lastly, the mirrors are packaged and shipped in containers housing 30 parts which comes to a cycle time of 30 seconds for each part (HINT: this information is needed for the future state map). Please make a timeline of the mirror making operation with total cycle time and lead time (value added and non-value added time). For the future state map, you can do a number of things that we mentioned in class to shorten the total cycle time and lead time. There is no one correct answer; be creative. I want to see what you have learned. Use the examples in the PowerPoint slides for guidance. Show all your work and calculations so I know that you understand these maps and so I can award partial credit. The future state map should be a pull system and not a modified push system. No two future state maps should look alike so do your own work or you will receive a zero on this portion of the exam. Remember that examples of both maps with the work to calculate everything are in the Getting Started section of Blackboard at the bottom. Good luck and have fun with this. This allows me to see if you learned anything in this course. Thank you!
Current state map outlines mirror-making process for Chrysler. Future state map aims to reduce cycle time and improve efficiency.
The current state map depicts the mirror-making process for Chrysler Corporation, involving the production of side mirrors using ABS plastic resin. It provides details on the production steps, lead time, and cycle time for each process. In contrast, the future state map aims to transform the system into a pull-based approach, eliminating waste, improving efficiency, and reducing cycle time and lead time. Students are expected to design their unique future state maps, incorporating various strategies discussed in class to achieve these goals. The focus is on creativity and implementing improvements that align with the principles of lean manufacturing and value stream mapping.
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Just in Time JIT
A company consumes its raw materials proportionally over the year. Orders are made every two weeks, 26 times a year, and stock is zero at the time of delivery. The cost of maintaining the stock is 20% of the value of the average stock available. Can it be said that this company works according to the JIT principle? Justify your answer.
Just in Time (JIT) is a management philosophy that focuses on reducing waste, improving quality, and increasing efficiency.
The main objective of JIT is to produce the required quantity of products at the right time, with minimum waste and cost.
In this regard, it can be said that the company works according to the JIT principle.
This is because the company orders the raw materials just in time, i.e., 26 times a year, which means it doesn't hold stock beyond the time of delivery.
Hence, there is no waste of raw materials, and the company's inventory carrying costs are lower.
Additionally, since the company orders only the required quantity of raw materials, it minimizes the amount of capital tied up in inventory.
The cost of maintaining stock is 20% of the value of the average stock available.
By ordering just enough to meet demand, the company reduces the costs associated with holding excess inventory.
Thus, it can be said that this company works according to the JIT principle.
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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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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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Assuming a two-factor APT world where the systematic risks are GDP risk and Oil risk, risk-free rate is 2%. Assume there exists GDP and Oil factor portfolios that are tradeable. If a trader estimates the expected return of Portfolio ABC to be 17.0%, the alpha of Portfolio ABC is
portfolio ABC Factor Loading Risk Premium
GDP 0,8 5%
Oil 1,5 7%
O -0,5%
O 0,5%
O 1,0%
O 1,5%
O 2,0%
Assuming a two-factor APT world where the systematic risks are GDP risk and Oil risk, risk-free rate is 2%.
Assume there exists GDP and Oil factor portfolios that are tradeable.
If a trader estimates the expected return of Portfolio ABC to be 17.0%, the alpha of Portfolio ABC is -1.5%.
The APT (Arbitrage Pricing Theory) assumes that the risk of a security or a portfolio can be measured by a number of factors.
The APT concept is grounded on the capital asset pricing model, or CAPM, which only acknowledges one systematic risk, the market risk.
But APT acknowledges a multi-factor world with the existence of several systematic risks in addition to the market risk.
The formula of APT is: E(Ri) = Rf + Σ βj * Risk Premiumj
Where E(Ri) is the estimated expected return of a portfolio, Rf is the risk-free rate, βj is the factor loading of the jth systematic risk, and Risk Premiumj is the risk premium for the jth systematic risk.
According to the problem statement,
The formula for alpha is given by:
Alpha = E(Ri) - Rf - Σ βj * Risk Premium Substituting the given values in the above formula,
we get,
Alpha = 17% - 2% - (0.8 * 5%) - (1.5 * 7%)Alpha = -1.5%
Hence,
the Alpha of Portfolio ABC is -1.5%.
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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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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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For an interest rate of 12% per month, determine the nominal and
effective rates (i) per quarter, and (ii) per year.
Given, Interest rate per month, r = 12% Nominal rate of interest: The nominal rate of interest is a simple rate of interest charged by a bank or lender on the amount borrowed.
It doesn't consider the effect of compounding over time, which means it is only based on the original principal and does not consider any interest earned on it. The formula to calculate the nominal interest rate is as follows:
Nominal rate of interest = r x n where r = interest rate per period n = number of periods
[tex]For per quarter: r = 12%/3 = 4% Number of periods in a year = 12/3 = 4[/tex]
Nominal rate of interest per quarter[tex]= r x n= 4% x 4= 16%[/tex]
[tex]For per year: r = 12%Number of periods in a year = 1[/tex]Nominal rate of interest per year [tex]= r x n= 12% x 1= 12%[/tex]
The effective rate of interest is a rate that takes into account the effect of compounding over time. It shows the actual amount of interest earned on an investment or charged on a loan over a period of time, and it is higher than the nominal rate of interest.
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1. In creating a new "must have" the Innovator always has the advantage.
Group of answer choices
True
False
The statement "In creating a new 'must have' the Innovator always has the advantage" is false.
Innovation is a process of inventing new things or changing existing ones to improve their efficiency. It refers to any process or idea that brings about a significant change in a product, service, or method.
An innovation can be in the form of a new product, a new process, or a new service. Innovation is a vital component in the growth of businesses and the economy as a whole. In creating a new "must-have," an innovator may not always have an advantage.
While being the first to develop a new idea can offer some benefits, it is not always a guarantee of success. Success is determined by a range of factors, including the quality of the idea, the ability to bring the idea to market, the demand for the product or service, and the competition.
For instance, a new product that is not user-friendly or too expensive may not gain the desired market share. Similarly, a product that is not marketed properly may not attract the desired customers.
Therefore, an innovator may have an advantage, but it does not always guarantee success.
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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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Suggest a theme for their next event, Volume 17.
Restate the ‘ask’ in your own words. The client has wide ranging objectives. Break them into doable SMART objectives (Awareness, sales, etc.)
What digital marketing tactics would you use to meet those objectives (any tactics we’ve talked about in class or beyond including influencers, social media, search engine marketing, social ads, paid digital ads, etc. Don’t just list the tactic, give the client an idea of how the tactic would "come to life" For example
if it’s an influencer campaign, then which influencers and how would you engage with them?
If it’s an SEM campaign, then which keywords (not all but a sample of keywords in each AdGroup) and give a taste of what ads you would write).
If it’s digital display ads, where would you place them and give a rough idea of how they would look.
If they need to change their website, what features should they have? How might it look (wireframes or mockups)?
The client does want to engage with customers and potential customers on social media so owned social media will have to figure out into the plan unless you can give a VERY COMPELLING reason why they shouldn’t.
Success measurements: How much would each tactic cost? Where should they allocate their spending?
Theme for the next event Volume 17:The theme suggested for the next event, Volume 17, is "Creating Memories."The SMART Objectives:
1. Awareness: The objective for creating awareness is to attract more than 2000 attendees from social media, with 100% engagement rate.
2. Sales: The objective for increasing sales is to generate $30000 sales from social media using various digital marketing tactics.
3. Customer loyalty: The objective for customer loyalty is to retain 70% of the current customers.What digital marketing tactics would you use to meet those objectives?Digital marketing tactics would be an excellent way to reach the SMART objectives.
The following tactics will be useful to achieve the objectives:1. Social Media:Social media marketing will help achieve awareness and sales objectives. Creating awareness through social media platforms will help attract the audience and create an emotional connection.
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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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The accompanying graphs illustrate an initial equilibrium for the economy. Suppose that a snowstorm destroys a large number of corn crops.
Use the graphs to show the new positions of aggregate demand (AD), short-run aggregate supply (SRAS), and long-run aggregate supply (LRAS) in both the short-run and the long-run, as well as the short-run (ESR) and long-run (ELR) equilibria resulting from this change. Then answer what happens to the price level and GDP.
In the short run, the price level
and
real GDP
In the long run, the price level
and
real GDP
short run - SRAS shifts left
Long run - position the ELR
short run -increases
real GDP -decreases
long run -stays the same
real GDP -stays the same
In the short run, the price level increases and real GDP decreases.
What happens to the price level and GDP in the short run after the snowstorm destroys corn crops?Due to the snowstorm destroying a large number of corn crops, there is a negative supply shock in the economy. This leads to a leftward shift of the short-run aggregate supply (SRAS) curve.
As a result, in the short run, both the price level and real GDP are affected. The decrease in aggregate supply causes prices to rise (inflationary pressure) leading to an increase in the price level.
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Lance Whittingham IV specializes in buying deep discount bonds. These represent bonds that are trating at well whow pair value w Current price $ b. By what percent will the price of the bonds increase between now and maturity? Price increases by c. What is the annual compound rate of growth in the value of the bonds?
The annual compound rate of growth in the value of the bonds is given by the formula g = ((1 + r)^n (FV/PV))^(1/n) - 1.
Lance Whittingham IV specializes in buying deep discount bonds.
These represent bonds that are trading at well below par value with the current price of b. The price of the bonds will increase between now and maturity by c percent.
The annual compound rate of growth in the value of the bonds can be calculated by the following steps:
Step 1: Calculate the discount rate
Discount rate is the rate of return that investors require from an investment to compensate for its risk. The formula for discount rate is:
Discount rate = (future value/present value)^(1/n) - 1where n is the number of years
Step 2: Calculate the annual compound rate of growth in value
Annual compound rate of growth in value is given by the formula:
(1 + r)^n = (1 + g)^n (FV/PV)
where r is the discount rate, n is the number of years, FV is the future value and PV is the present value. g is the annual compound rate of growth in the value of the bonds.
Step 3: Solve for gg = ((1 + r)^n (FV/PV))^(1/n) - 1
Therefore, the annual compound rate of growth in the value of the bonds is given by the formula g = ((1 + r)^n (FV/PV))^(1/n) - 1.
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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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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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