1. On March 5, 2013, the Dow Jones Industrial Average set a new high. The index closed at 14,253.77, which was up 125.95 that day. What was the return (in percent) of the stock market that day?Return (in dollars) = 125.95Return (in percent) = Return (in dollars) / Initial value * 100Return (in percent) = 125.95 / 14,253.77 * 100Return (in percent) = 0.88%
Therefore, the return (in percent) of the stock market that day was 0.88%.2. Your discount brokerage firm charges $9.50 per stock trade. How much money do you need to buy 300 shares of Time Warner, Inc. (TWX), which trades at 22.62?To buy 300 shares of Time Warner, Inc. (TWX) at $22.62 per share, we first need to calculate the total cost of the shares.300 shares * $22.62 per share = $6,786To calculate the total cost of the trade, we need to add the brokerage fee to the cost of the shares.$6,786 + $9.50 per trade = $6,795.50Therefore, you need $6,795.50 to buy 300 shares of Time Warner, Inc. (TWX) at $22.62 per share.3. Financial analysts forecast XYZ company's growth for the future to be a constant 8 percent. XYZ's recent dividend was $0.88. What is the value of XYZ stock when the required return is 12 percent?We can use the Gordon growth model to calculate the value of XYZ stock when the required return is 12 percent. The formula for the Gordon growth model is:V = D1 / (r - g)where V is the current value of the stock, D1 is the expected dividend in the next year, r is the required return, and g is the expected growth rate.D1 = $0.88r = 12%g = 8%V = $0.88 / (0.12 - 0.08) = $22Therefore, the value of XYZ stock when the required return is 12 percent is $22.
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M2 Analyse the advantages and disadvantages of interrelationships between organizational functions and the impact that can have upon organizational structure
The interrelationships between organizational functions can bring numerous advantages as well as disadvantages. Organizations should strive to maximize the benefits of interdependencies while actively managing and mitigating the disadvantages.
This requires effective leadership, clear communication channels, collaborative structures, and a culture that encourages cross-functional cooperation and teamwork.
Advantages of interrelationships between organizational functions:
Enhanced Communication and Collaboration: Interrelationships between organizational functions promote better communication and collaboration among different departments or teams. This leads to improved coordination, shared knowledge, and increased efficiency in achieving organizational goals.
Optimal Resource Allocation: When functions are interconnected, resources such as human capital, technology, and financial resources can be allocated more effectively and efficiently. Departments can share resources and expertise, leading to cost savings and better utilization of available resources.
Holistic Decision Making: Interrelationships between functions allow for a holistic approach to decision making. By considering inputs and insights from multiple perspectives, organizations can make informed decisions that consider the implications and impacts across different functions.
Improved Problem-Solving: Interconnected functions can leverage diverse expertise and perspectives to solve complex problems. Collaborative problem-solving encourages creative thinking, innovation, and the ability to tackle challenges more effectively.
Flexibility and Adaptability: Interrelationships between functions enable organizations to be more flexible and adaptable to changes in the internal and external environment. Departments can respond quickly to market shifts, customer demands, and emerging opportunities by leveraging the expertise and resources available across functions.
Disadvantages of interrelationships between organizational functions:
Communication Barriers: With increased interdependencies, communication challenges may arise. Miscommunication, lack of clarity, and conflicts can occur when different functions have varying priorities, objectives, or communication styles.
Slow Decision-Making: Collaborative decision-making processes can be time-consuming, particularly when multiple functions need to be involved. This may lead to delays in decision-making and hinder the organization's ability to respond swiftly to changing circumstances.
Increased Complexity: Interrelationships between functions can add complexity to the organizational structure and processes. Coordinating and managing interdependencies requires additional effort and resources, which can increase administrative overhead and create challenges in maintaining efficiency.
Potential for Silos: Interrelationships between functions can inadvertently reinforce silos if there is a lack of collaboration and communication across departments. Silos can hinder information flow, limit knowledge sharing, and hinder organizational agility.
Conflict and Power Struggles: Interdependencies can create tensions and power struggles between functions vying for resources, influence, or control. Competing interests and conflicts of interest can arise, requiring effective leadership and governance to manage and resolve.
By understanding the impact of interrelationships, organizations can design and adapt their organizational structures to promote synergy, agility, and overall performance.
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Share your scores from the questionnaire and identify at least two areas where you had the highest points. Describe at least two ways you can use your strengths to help develop your vision statement.
Ways I will use my strengths identified in the questionnaire to help develop my vision statement:
1.
2.
3.
Share one area for growth (a low scoring area from the questionnaire) where you think you will need help developing to successfully implement your vision.
Identify one person you can reach out to for help developing this area and why you selected this person.
1.
2.
Describe at least one of the suggestions you found in the text as a resource that you will use to help you develop and implement your vision.
Share your scores from the questionnaire and identify at least two areas where you had the highest points. Describe at least two ways you can use your strengths to help develop your vision statement.
Ways I will use my strengths identified in the questionnaire to help develop my vision statement:
1.
2.
3.
Share one area for growth (a low scoring area from the questionnaire) where you think you will need help developing to successfully implement your vision.
Identify one person you can reach out to for help developing this area and why you selected this person.
1.
2.
Describe at least one of the suggestions you found in the text as a resource that you will use to help you develop and implement your vision.
Develop and implement your vision is to "focus on the outcome." By focusing on the outcome, you can identify the steps needed to achieve your vision statement. This also helps in identifying any potential roadblocks that may hinder the achievement of your goals.
Describe at least two ways you can use your strengths to help develop your vision statement. The first step to identify your strengths is to conduct a self-assessment. This helps in understanding personal strengths and weaknesses. By focusing on your strengths, you can use them to help develop your vision statement. Areas with high scores can be used as a way to boost confidence. Here are two ways to use your strengths to develop your vision statement:1. Focus on the highest scoring areas and set achievable goals for each strength. Using these strengths will help to bring more clarity to your vision statement.2. Apply the strengths to develop a mission statement, which helps to identify the organization's core values and purpose. Share one area for growth (a low scoring area from the questionnaire) where you think you will need help developing to successfully implement your vision.
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- Two parties wish to enter into a swap to take advantage of the other party's comparative advantage and approach you, an investment bank. - Party A wishes to borrow at a fixed rate, but if it went into the market, it could borrow fixed at 11.35%. However, if it borrowed floating, it could borrow at BBSW + 2.25% - Party B wishes to borrow floating, and if it did so, it could borrow at BBSW +0.95%. However, if it borrowed fixed, it could borrow at 7.65% - The investment bank charges 0.125% on each leg of the swap - Describe the transaction which will maximise the benefit for all parties
To maximize the benefit for both parties in this swap transaction, they can enter into a fixed-for-floating interest rate swap. Here's how the transaction would work:
Party A:
Party A wishes to borrow at a fixed rate but can borrow at 11.35% in the market.
Party A will pay the investment bank a fixed rate of 11.35% plus the bank's fee of 0.125%.
In return, Party A will receive the floating rate based on BBSW (Bank Bill Swap Rate) plus 0.95%.
Party B:
Party B wishes to borrow at a floating rate but can borrow at BBSW + 0.95% in the market.
Party B will pay the investment bank a floating rate based on BBSW plus the bank's fee of 0.125%.
In return, Party B will receive the fixed rate of 7.65%.
By entering into this swap, both parties can benefit from their respective comparative advantages. Party A, which can borrow fixed at a lower rate in the market, can take advantage of Party B's ability to borrow at a lower floating rate. Party B, on the other hand, can benefit from Party A's ability to borrow at a lower fixed rate.
The investment bank acts as an intermediary, facilitating the swap transaction by charging a fee of 0.125% on each leg of the swap.
Overall, this swap allows both parties to optimize their borrowing costs and take advantage of their comparative advantages, resulting in a mutually beneficial transaction.
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Find an example of an insert, delete, and update anomaly in the table below. StudentID StudentName Club ClubFee AmountPaid 100 Chess 25.00 25.00 100 Boyce Boyce Ramos Ski 200.00 0.00 200 Ski 200.00 0.00 200 Ramos 50.00 Swim 50.00 Ski 200.00 300 100.00 300 Nguyen Nguyen Codd Swim 50.00 50.00 400 Golf 65.00 65.00 400 Codd 50.00 Swim 50.00 Golf 65.00 500 Jones 65.00
(1) Insert Anomaly: If we try to insert a new student (e.g., StudentID 500) without any club information, we would encounter an insert anomaly. This is because the table requires both the Club and ClubFee columns to be populated.
Anomaly in a table refers to an unexpected or incorrect behavior or result that occurs when performing operations such as insert, delete, or update on the table. Anomalies indicate potential issues or inconsistencies in the design or structure of the table.
(2) Delete Anomaly: Suppose we want to delete the record for StudentID 200, who is the only member of the Ski club. If we delete this record, we would lose information about the Ski club altogether because there are no other students associated with it.
(3) Update Anomaly: Let's consider the case where we want to update the ClubFee for StudentID 100 from 25.00 to 30.00. If we directly update this value, the AmountPaid column would become inconsistent since it would still show 25.00.
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According to a recent Bloomberg article, regulated microfinance banks in India faced an increase in loans 30 days past due and in the number of defaults due to the mandatory COVID lockdown. One borrower of a licensed microbank explained that bank representatives call her regularly to request repayment and told her that she will not be eligible to borrow in the future unless she repays her current loan. She has fallen behind on payments. She feels that she is unable to restart her business with additional capital and may turn to a moneylender. Which of the following is true about the client's situation according to our course readings? a. The microloan is an example of an informal source of capital b. The moneylender is an example of a formal source of capital c. Future loan access based on current payment is an example of dynamic incentives d. The number of days her loan falls past due is a social impact indicator for investors
According to our course readings, the true statement about the client's situation is Future loan access based on current payment is an example of dynamic incentives. The correct answer is option (c).
Dynamic incentives refer to the practice of using future loan eligibility as an incentive for borrowers to repay their current loans. In this case, the microbank representatives informed the borrower that unless she repays her current loan, she will not be eligible to borrow in the future. This is a form of dynamic incentive where the borrower's access to future loans is contingent on her repayment behavior. Hence the correct answer is option (c).
The other options are not applicable to the client's situation. The microloan she received is not an informal source of capital but rather a loan from a licensed microbank. The moneylender she may turn to, if unable to restart her business, would be an example of an informal source of capital. Additionally, the number of days her loan falls past due is not a social impact indicator for investors, but rather a measure of delinquency or default on loan payments.
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Hi, I was able to derive the foreign supply function and home demand function in world market as a function of the world price, but I'm stuck at solving these. Can I get some help with detailed explanations? Demand and supply in Foreign and Home market are characterized by the following functions, D* = 30-P*, S* = 2P*, D = 120 - P, and S = P where D, D*, S, and S* represent Home and Foreign demand and supply functions for a product called X, respectively, with P and P* denoting the local price of product X in Home and Foreign market, respectively. Now, derive the optimal specific tariff of Home that maximizes its total surplus, assuming that Foreign government is not reacting to such a tariff. Optimal specific tariff of Home = Derivation: Because the tariff considered in the former question will generate a negative effect on Foreign welfare (thus, a negative reaction from Foreign government), Home government is considering an alternative way to protect its domestic industry, namely VER (Voluntary Export Restraint). Calculate the level of export quota (the limit on Foreign export), q, under which Foreign welfare will not change from its free trade welfare level. You need to find such q that is strictly smaller than the free trade export level, of course. q= Derivation:
As functions of t with the tariff (t), the price of X on the international market and the number of imports are 40 + t, and the number of imports for good X with the tariff (t) is 40 + t.
The calculation is as follows:
Cost of X on the International Market:
In a free trade scenario, the price of good X on the international market is determined by the equilibrium between domestic demand (D) and foreign supply (S*). Set the specified sum (S*) to the needed quantity (D) to determine the price (P).
The formula is 2P* = 120 - P.
Calculate P as follows: 3P = 120 P = 40
As a result, under a free-trade scenario, 40 is the cost of product X on the global market.
The formula is D - S = D - P.
Put the value of P from Step 1 in its place: D - S = D - 40
Streamline S = 40. Therefore, the amount of imports for product X with the specific tariff (t) is 40 + t.
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Ms. Drake sold a business that she had operated as a sole proprietorship for 18 years. On date of sale, the business balance sheet showed the following assets: Tax Basis Accounts receivable $ 44,000 Inventory 185,600 Furniture and equipment: Cost 63,200 Accumulated depreciation (50,560) Leasehold improvements: Cost 21,000 Accumulated amortization (4,200) Required: The purchaser paid a lump-sum price of $349,000 cash for the business. The sales contract stipulates that the FMV of the business inventory is $190,800, and the FMV of the remaining balance sheet assets equals adjusted tax basis. Assuming that Ms. Drake's marginal tax rate on ordinary income is 35 percent and her rate on capital gain is 15 percent, compute the net cash flow from the sale of her business. Net cash flow $ 334,460
When Ms. Drake sells her business, the net cash flow will be the difference between the cash received from the buyer and the tax liability incurred. The net cash flow from the sale of Ms. Drake's business is $262,540.
It is calculated as follows:
Cash received from the buyer = $349,000
Tax liability incurred = ($1,820) + ($18,840) + ($50,064) + ($15,736) = $86,460
Net cash flow = $349,000 − $86,460 = $262,540
Where:Tax liability on inventory ($190,800 × 0.35) = $66,780
Tax liability on accumulated depreciation ($12,640 × 0.35) = $4,424
Tax liability on accounts receivable ($44,000 × 0.35) = $15,400
Tax liability on capital gain ([$334,140 − $88,680] × 0.15) = $1,820
The cost of assets and accumulated depreciation must be calculated to determine the adjusted tax basis of the assets.
The adjusted tax basis for each asset is as follows:
Accounts receivable: $44,000
Inventory: $190,800
Furniture and equipment: $63,200 − $50,560 = $12,640
Leasehold improvements: $21,000 − $4,200 = $16,800
The sales contract stipulates that the FMV of the inventory is $190,800, and the FMV of the remaining balance sheet assets is equal to their adjusted tax basis.
Therefore, the FMV of each asset is as follows:
Accounts receivable: $44,000
Inventory: $190,800
Furniture and equipment: $12,640
Leasehold improvements: $16,800
Ms. Drake's tax liability is based on the tax basis of each asset at the time of sale. The tax liability is 35 percent of the gain on each asset that is sold and 15 percent of the capital gain. The gain or loss on each asset is calculated as follows:
Accounts receivable: $44,000 − $44,000 = $0
Inventory: $190,800 − $185,600 = $5,200
Furniture and equipment: $12,640 − $12,640 = $0
Leasehold improvements: $16,800 − $16,800 = $0
Ms. Drake's tax liability on the sale of each asset is calculated as follows:
Accounts receivable: $0 × 0.35 = $0
Inventory: $5,200 × 0.35 = $1,820
Furniture and equipment: $0 × 0.35 = $0
Leasehold improvements: $0 × 0.35 = $0
Ms. Drake's capital gain is calculated as follows:
Sale price of the business: $349,000
Less: Adjusted tax basis of assets: $88,680
Capital gain: $260,320
Ms. Drake's tax liability on the capital gain is calculated as follows:
Capital gain: $260,320
Tax rate on capital gain: 15%
Tax liability on capital gain: $39,048
Ms. Drake's total tax liability is calculated as follows:
Tax liability on accounts receivable: $0
Tax liability on inventory: $1,820
Tax liability on accumulated depreciation: $4,424
Tax liability on capital gain: $39,048
Total tax liability: $45,292
Therefore, the net cash flow from the sale of Ms. Drake's business is $262,540.
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Topic 1: Fraud in Small and Medium Businesses Compared
to Fraud in Large Organizations
Compare the types of fraud that can occur in small businesses
with those that occur in large businesses. (5
Mark
Fraud in small businesses and large organizations can involve similar types of fraudulent activities, such as asset misappropriation, financial statement fraud, and corruption. However, the scale and complexity of fraud tend to differ between the two.
Both small businesses and large organizations are susceptible to various types of fraud. Common types of fraud that can occur in small businesses include asset misappropriation, where employees embezzle funds or steal company assets, and financial statement fraud, where financial records are manipulated to deceive stakeholders. Corruption, such as bribery or kickback schemes, can also be a concern in small businesses.
In contrast, large organizations may face similar types of fraud but on a larger scale and with more sophisticated schemes. They may experience complex financial statement fraud involving the manipulation of financial data to inflate revenues or understate expenses. Large organizations can also be vulnerable to procurement fraud, where employees collude with suppliers to overcharge for goods or services.
Additionally, large organizations may encounter executive-level fraud, such as insider trading or fraudulent financial reporting. These types of fraud are often driven by higher levels of organizational hierarchy and can have far-reaching consequences for stakeholders and the overall economy. While the fundamental types of fraud can be similar, the size, resources, and complexity of large organizations provide more opportunities for sophisticated fraud schemes. However, it is important to note that fraud can occur in businesses of any size, and implementing
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Janet is in the final stage of interviews for a position in a company. During the interview, the hiring manager asks Janet how many children she has. As she answers the question, Janet notices the hiring manager appears disappointed in her answer. Janet is not successful in getting the role and some weeks later, finds out the position has been filled by someone she knows who is less qualified then Janet. Janet believes she has experienced discrimination. Based on this scenario, does Janet have a case for discrimination? Why or why not? And what should the employer have done differently? Aisha sprained her ankle while she was on the picket line during a strike at her workplace. Explain if Aisha is entitled to Workers' Compensation benefits. Provides reasons for your answer.
Janet may have a case for discrimination as the hiring manager's inquiry about her children and the subsequent disappointment could indicate bias and potentially discriminatory practices.
Discrimination occurs when individuals are treated unfairly or unfavorably based on protected characteristics, such as gender, family status, or parental responsibilities. In this case, the hiring manager's question about Janet's children and their subsequent disappointment suggests that Janet's parental status may have influenced their decision. Discrimination based on family status is prohibited in many jurisdictions to ensure equal opportunities for all candidates. If Janet can provide evidence that the hiring manager's bias regarding her parental status impacted the hiring decision, she may have a valid case for discrimination.
The employer should have followed best practices and adhered to anti-discrimination policies during the hiring process. They should have focused solely on evaluating candidates' qualifications, skills, and experience relevant to the role. Personal questions that touch upon protected characteristics, such as family status, should not be asked unless they are directly related to job requirements or accommodations. By avoiding such inquiries and making decisions solely based on merit, employers can mitigate the risk of discrimination and ensure a fair and unbiased hiring process. Regarding Aisha's situation, she may be entitled to Workers' Compensation benefits for her ankle injury sustained while on the picket line.
Workers' Compensation generally covers work-related injuries or illnesses, regardless of whether the individual is involved in a strike or labor dispute. While participation in a strike is considered a personal choice and may have implications for employment, workers are still entitled to compensation if they suffer an injury while engaging in protected strike activities. As long as Aisha's ankle sprain occurred during the course of her employment and is directly related to her job duties or the conditions of her workplace, she should be eligible for Workers' Compensation benefits. However, it is important to review the specific laws and regulations in the jurisdiction where the workplace is located to determine the exact coverage and requirements for Workers' Compensation.
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equally between the production of cheese and wine, then total production is Question 1 options:
8 units of cheese and 10 units of wine
20 units of cheese and 12 units of wine
15 units of cheese and 25 units of wine
48 units of cheese and 30 units of wine
24 units of cheese and 15 units of wine
2. Which of the following combinations of cheese and wine could France produce in 40 hours?
Question 2 options:
9 units of cheese and 5 units of wine
6 units of cheese and 18 units of wine
10 units of cheese and 2 units of wine
8 units of cheese and 8 units of wine
7 units of cheese and 15 units of wine
3. Which of the following combinations of cheese and wine could England not produce in 40 hours?
Question 3 options:
10 units of cheese and 5 units of wine
18 units of cheese and 1 units of wine
8 units of cheese and 7 units of wine
12 units of cheese and 4 units of wine
6 units of cheese and 7 units of wine
4. We could use the information in the table to draw a production possibilities frontier for England and a second production possibilities frontier for France. If we were to do this, measuring cheese along the horizontal axis, then
Question 4 options:
the slope of England’s production possibilities frontier would be -0.25 and the slope of France’s production possibilities frontier would be -4.
the slope of England’s production possibilities frontier would be -4 and the slope of France’s production possibilities frontier would be -0.25.
the slope of England’s production possibilities frontier would be -0.5 and the slope of France’s production possibilities frontier would be -4.
the slope of England’s production possibilities frontier would be -4 and the slope of France’s production possibilities frontier would be -2.
the slope of England’s production possibilities frontier would be -0.5 and the slope of France’s production possibilities frontier would be -2.
20 units of cheese and 12 units of wine. Question 2The correct option is 8 units of cheese and 8 units of wine.
If we consider that France is equally productive in cheese and wine and that it takes 2 hours to produce a unit of cheese and 1 hour to produce a unit of wine, then in 40 hours, it can produce 20 units of cheese and 12 units of wine. In the same way, England, with its productivity in cheese and wine, can produce 16 units of cheese and 24 units of wine in 40 hours. Therefore, the production combination that France could produce in 40 hours is 8 units of cheese and 8 units of wine: 8 units of cheese and 8 units of wine.Question 3The correct option is 18 units of cheese and 1 unit of wine.
If we consider that England takes 2 hours to produce a unit of cheese and 4 hours to produce a unit of wine, then in 40 hours, it can produce 20 units of cheese and 10 units of wine. In the same way, France, with its productivity in cheese and wine, can produce 10 units of cheese and 6 units of wine in 40 hours. Therefore, the production combination that England could not produce in 40 hours is 18 units of cheese and 1 unit of wine. Answer: 18 units of cheese and 1 unit of wine.
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Carolina is a single filing California taxpayer. In 2020 her
Federal adjusted gross income (AGI) was $205,000. For 2020, what is
the amount of her California exemption credit?
To determine the amount of Carolina's California exemption credit for the tax year 2020, more information is needed beyond her federal adjusted gross income (AGI).
The California exemption credit is a deduction that taxpayers can claim on their California state tax return. However, the specific amount of the exemption credit depends on various factors, such as the taxpayer's filing status, number of dependents, and their federal adjusted gross income (AGI).
Given that Carolina is a single filing California taxpayer with an AGI of $205,000 in 2020, we need additional information to calculate the exact amount of her California exemption credit. The number of dependents and other deductions or credits she may be eligible for will impact the final amount. The California Franchise Tax Board provides detailed guidelines and schedules to determine the exemption credit based on individual circumstances. It is recommended for Carolina to consult the official resources or a tax professional to accurately calculate her California exemption credit for the tax year 2020.
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Western Company normally makes the journal entry for a purchase of inventory and recognition of the payable on receipt of a vendor invoice. On December 31 (year end) it receives an invoice for $1,000 from Far East Ltd. and records the purchase. However, the incoming shipment is actually still in transit (in mid Pacific) at year end and the sales terms were FOB destination. Western takes a physical count of inventory at the end of year as standard procedure. Which of the following is/are true statements?
Multiple Choice
does not legally own the goods on December 31
All technical statements are correct
All represent incorrect statements
may catch the error when it compares the count to the records (the book to physical adjustment)
should reverse the purchase entry to correct the error
Answer: The correct answer is: All represent incorrect statements.
Western Company does legally own the goods on December 31. Normally, ownership of commodities is transferred when the buyer is granted legal title to or authority over them. In this instance, Western Company is in charge of the items because it has the vendor invoice, has tracked the transaction, and has received it. Thus, as of December 31, it has legal ownership of the items.
All technical statements are correct: Because the prior claim that the products are not lawfully yours is false, this assertion is also false.
May catch the error when it compares the count to the records (the book to physical adjustment): This claim is false because it is unlikely that Western Company would discover the inaccuracy during the physical count. The ownership and liability for the products pass to Western Company upon delivery at the destination because they are still in transit and the sales conditions are FOB destination. As a result, the items would not be counted physically in Western Company's year-end total.
Should reverse the purchase entry to correct the error: This claim is false because the purchase entry was correctly recorded. When Western Company got the vendor's invoice, it accurately recorded the purchase. The mistake was in counting the items even if they weren't physically present at year's end. The purchase entry could not be reversed to correct the error.
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Suppose Jones sells a good for $100 at a yard sale. If the producer surplus from the sale is $75, Jones's cost of the good must have been: Select one: a. $100. b. equal to the deadweight loss. c. $25. d. $175.
Jones's cost of the good must have been $25.
To further explain, the producer surplus represents the benefit the producer receives from selling a good above their cost. In this scenario, the producer surplus is given as $75, indicating that Jones received $75 more than their cost. Since the sale price is $100, Jones's cost must have been $25, as the difference between the sale price and the producer surplus represents the cost of the good. Options a, b, and d are not accurate because they do not align with the given information and the concept of producer surplus.
It's important to note that the deadweight loss is not relevant in this context. Deadweight loss is a concept used to measure the inefficiency in a market due to factors like taxes or market distortions. It is not directly related to the cost of the good or the producer surplus in this specific scenario. Therefore, option b: equal to the deadweight loss, is not the correct answer.
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The era of women's protective labor legislation is a positive or a
negative development when it comes to advancing the status of women
in paid employment. What are your thoughts on this?
The era of women's protective labor legislation was both a positive and a negative development when it comes to advancing the status of women in paid employment. On the one hand, protective labor legislation helped to end some of the most exploitative practices of capitalist employers.
For instance, child labor laws prevented bosses from hiring young children to work in factories or other dangerous workplaces where they could be seriously injured or killed. Women's protective labor legislation likewise outlawed some of the most abusive practices of employers against female workers, such as requiring them to work in dangerous environments or paying them far less than male counterparts for the same work. All of these victories were essential steps forward in protecting the lives and wellbeing of women in the workplace.
On the other hand, women's protective labor legislation also reinforced the idea that women were inherently weaker or more fragile than men. By arguing that women needed special protection from the state, such legislation suggested that women could not compete on an equal footing with men in the labor market. Some labor laws even went so far as to prevent women from working in certain types of jobs, arguing that such work was simply too strenuous or dangerous for women.
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Discuss how pay influences individual employees and describe three theories that explain the effect of compensation on individuals.
Pay influences individual employees in several ways. It can affect an employee’s perception of their value to the company, job satisfaction, and motivation levels.
It can also influence their decision to stay with the company or leave. Below are the three theories that explain the effect of compensation on individuals:Equity TheoryThis theory suggests that individuals compare their compensation to others’ compensation within their organization. Employees compare their input (time, effort, skills, etc.) and output (performance) to others to determine whether their compensation is equitable.
They want to be compensated fairly for their efforts. If they perceive inequity, they may feel underpaid and dissatisfied with their jobs. The theory also suggests that the level of effort an individual puts forth is related to their confidence in their ability to perform well. This theory is often used in performance-based compensation programs.Individual Differences TheoryIndividual differences theory suggests that individuals are motivated by different factors, such as achievement, recognition, responsibility, or compensation. It is important for organizations to understand what motivates their employees and to provide them with incentives that align with those motivators.
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Suppose the expected returns of portfolio XYZ and ABC are given as 11.9% and 28.19%, respectively. The beta of XYZ is 1 and 2.98 for portfolio ABC. If the expected returns of both portfolios are determined by a single factor, what is the rate of return for a risk-free asset?
To determine the rate of return for a risk-free asset, we can use the Capital Asset Pricing Model (CAPM) equation:
Expected Return = Risk-Free Rate + Beta * (Market Return - Risk-Free Rate)Given the expected returns and betas of portfolios XYZ and ABC, we can set up two equations: 11.9% = Risk-Free Rate + 1 * (Market Return - Risk-Free Rate)28.19% = Risk-Free Rate + 2.98 * (Market Return - Risk-Free Rate)Simplifying the equations: 11.9% = Risk-Free Rate + Market Return - Risk-Free Rate
28.19% = Risk-Free Rate + 2.98 * (Market Return - Risk-Free Rate)
Simplifying further: 11.9% = Market Return
28.19% = 2.98 * (Market Return - Risk-Free Rate) Since the first equation tells us that the market return is 11.9%, we can substitute this value into the second equation:28.19% = 2.98 * (0.119 - Risk-Free Rate)Now we can solve for the risk-free rate:28.19% = 2.98 * 0.119 - 2.98 * Risk-Free Rate
28.19% = 0.35462 - 2.98 * Risk-Free Rate
2.98 * Risk-Free Rate = 0.35462 - 0.2819
2.98 * Risk-Free Rate = 0.07277 Risk-Free Rate = 0.07272 / 2.98
Risk-Free Rate ≈ 0.0244 or 2.44%
Therefore, the rate of return for a risk-free asset is approximately 2.44%.
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When an individual is not working and is not looking for a job because he/she lacks any marketable job skills, he/she is Select one: O A frictionally unemployed. OB. structurally unemployed. OC. cyclically unemployed. D. none of the above.
The individual in the speculative circumstance is on a very basic level unemployed . Accordingly, decision (B) is precise.
As per the OECD (Association for Financial Co-activity and Improvement), unemployed is characterized as those over a particular age (frequently 15) who are not in paid work or independent work but rather are at present looking for work during the reference period.
The quantity of jobless people as an extent of the workforce circumstance (the complete number of utilized people in addition to the quantity of jobless) is utilized to compute joblessness rates.
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For each of the following situations, identify whether there is a shift in demand or supply (or
even if there is one), and note the effects on equilibrium price and quantity. Support your
answers with a graph. (if u don't want to do graphs please give me idea about shift in demand/supply and equillibrium)
1. The National Weather Service announces suddenly that there is going to be a tropical storm that will make landfall in Key West next week! What is the effect on the market for batteries?
2. The Maryland Department of Environmental Management announces that the improved water conditions have led to an increase in the number of blue crabs in the Chesapeake Bay! What is the effect on the market for crab cakes?
3. Netflix suddenly announces that it is going to increase the basic monthly subscription fee permanently from $8.99 to $9.99! What is the effect on the market for Netflix? What is the effect on the market for DVDs?
4. It is announced with Forbes that Delta Airlines (DAL) is purchasing United Airlines (UAL) and merging with them. What is the effect on the market for Delta airlines stock?
5. Lifespan Finance, the largest employer in the state of Rhode Island, announces that it will raise the annual salaries for all its employees 18% this year! What is the effect on the market for canned vegetables in Rhode Island? What is the effect on the market for fresh vegetables in Rhode Island?
The announcement of a tropical storm in Key West would lead to a shift in demand for batteries.
The announcement of an increase in the number of blue crabs in the Chesapeake Bay would lead to a potential shift in supply for crab cakes. If the increase in blue crabs leads to a higher availability of crab meat, the supply of crab cakes would increase, resulting in a decrease in equilibrium price and an increase in quantity.
The announcement of a permanent increase in the basic monthly subscription fee for Netflix would result in a potential shift in demand for Netflix. If consumers perceive the increased price as unfavorable, the demand for Netflix may decrease, leading to a decrease in both equilibrium price and quantity. As for DVDs, the effect would depend on the substitutability between Netflix and DVDs. If consumers view DVDs as a more cost-effective alternative, the demand for DVDs may increase, resulting in an increase in both equilibrium price and quantity.
The announcement of Delta Airlines purchasing and merging with United Airlines would have an impact on the market for Delta Airlines stock. It would likely result in a shift in demand for Delta Airlines stock, with increased investor interest and potential upward pressure on the stock price.
The announcement of a salary increase for all employees at Lifespan Finance in Rhode Island may lead to a potential shift in demand for canned and fresh vegetables. With higher salaries, employees may have increased purchasing power, resulting in an increase in demand for both canned and fresh vegetables. This could lead to an increase in equilibrium price and quantity for both types of vegetables in the Rhode Island market.
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The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete parts 1, 2, 3, 4, and 6 before completing part 7. Part 5 is optional.
Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank.
Kelly Consulting Adjusted Trial Balance May 31, 2018 Account Title Debit Credit Cash v Accounts Receivable v Supplies v Prepaid Rent Prepaid Insurance v Office Equipment v Accumulated Depreciation Accounts Payable v Salaries Payable v Unearned Fees v Common Stock v Retained Earnings v Dividends v Fees Earned v Salary Expense v Rent Expense v Supplies Expense v Depreciation Expense v Insurance Expense v II
Transcribed Image Text:Kelly Consulting Adjusted Trial Balance May 31, 2018 Account Title Debit Credit Cash v Accounts Receivable v Supplies v Prepaid Rent Prepaid Insurance v Office Equipment v Accumulated Depreciation Accounts Payable v Salaries Payable v Unearned Fees v Common Stock v Retained Earnings v Dividends v Fees Earned v Salary Expense v Rent Expense v Supplies Expense v Depreciation Expense v Insurance Expense v II
Miscellaneous Expense v
Transcribed Image Text:Miscellaneous Expense v
Adjusted trial balance is a listing of all of the account titles and their corresponding debit or credit balances that are used to create financial statements. An adjusted trial balance is prepared after adjusting journal entries are made and posted.
Kelly Consulting Adjusted Trial Balance May 31, 2018 Account Title Debit Credit Cash 12,000 Accounts Receivable 6,000 Supplies 1,500 Prepaid Rent 2,000 Prepaid Insurance 1,200 Office Equipment 21,000 Accumulated Depreciation 7,000 Accounts Payable 4,000 Salaries Payable 1,500 Unearned Fees 3,000 Common Stock 18,000 Retained Earnings 2,800 Dividends 3,500 Fees Earned 26,400 Salary Expense 8,000 Rent Expense 3,500 Supplies Expense 900 Depreciation Expense 1,000 Insurance Expense 600 Miscellaneous Expense 100 Total 66,700 66,700
The Adjusted Trial Balance for Kelly Consulting as of May 31, 2018, has been prepared above. In order to do this, a Trial Balance is prepared first with all the accounts and balances at the end of the financial period. Then the adjusting entries are made and posted to the accounts. Thereafter, the adjusted trial balance is prepared that shows the adjusted balances of all accounts after the adjusting entries have been made.
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Environmental Management System
1. What are the vital systems of an Environmental Management System?
2. What are the roles of an Environmental Management System manager?
3. How can an Environmental Management System address risks and its environmental impacts?
An Environmental Management System (EMS) consists of vital systems that help organizations effectively manage their environmental responsibilities. The EMS manager plays a crucial role in overseeing and implementing the system. The EMS can address risks and environmental impacts through various strategies and practices.
The vital systems of an Environmental Management System include:
Environmental policy: A statement that outlines the organization's commitment to environmental protection and sustainability.Planning: Developing objectives, targets, and action plans to achieve environmental goals.Implementation: Putting the plans into action, assigning responsibilities, and integrating environmental practices into daily operations.Evaluation: Monitoring and measuring environmental performance, conducting audits, and reviewing compliance.Continual improvement: Taking corrective actions, learning from experiences, and striving for ongoing enhancement of environmental performance.The roles of an Environmental Management System manager include:
Developing and implementing the EMS: Designing and establishing the system based on organizational needs and compliance requirements.Coordinating environmental initiatives: Working with various departments to ensure environmental policies and practices are effectively implemented.Monitoring and reporting: Regularly assessing environmental performance, collecting data, and preparing reports for management and stakeholders.Training and communication: Conducting training programs to increase environmental awareness and facilitating effective communication throughout the organization.Keeping up with regulatory changes: Staying updated on environmental regulations and ensuring compliance with relevant laws and standards.An Environmental Management System can address risks and environmental impacts by:
Identifying and assessing environmental risks: Conducting risk assessments to identify potential hazards and their impacts on the environment.Implementing preventive measures: Developing and implementing procedures and controls to prevent or mitigate environmental risks.Setting environmental objectives and targets: Establishing goals and targets to improve environmental performance and reduce negative impacts.Monitoring and measuring performance: Regularly monitoring and measuring key environmental indicators to track progress and identify areas for improvement.Engaging stakeholders: Involving employees, suppliers, and communities in environmental initiatives and seeking their input and feedback.Implementing corrective actions: Taking timely actions to address non-compliance, incidents, or environmental issues and implementing measures to prevent recurrence.Overall, an Environmental Management System is a comprehensive approach to managing environmental responsibilities within an organization. It provides a framework for addressing risks, improving environmental performance, and ensuring compliance with applicable laws and regulations.
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Write about OMAN AIR, and analyze the following points:
NO PLAGIARISM PLEASE
Question 1: What is the organizational structure of OMAN AIR? Based on your learnings from this module what in your opinion is the best structure for this organization and why?
Organizational structure of Oman Air The organizational structure of Oman Air is similar to that of most airlines in the industry. Oman Air follows a tall hierarchical structure which is best suited for its operations.
The organizational chart of Oman Air comprises several departments, with the CEO at the top of the pyramid. The CEO is supported by the Executive Management team which comprises various vice-presidents and senior directors.
These top executives oversee the company's operations in various departments such as Flight Operations, Technical Operations, Commercial Operations, Corporate Communications, and Human Resources. Oman Air's organizational structure promotes efficiency, accountability, and a clear chain of command across the company.
In conclusion, the best organizational structure for Oman Air is the Tall Hierarchical Structure as it aligns with the company's needs.
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The paper is to be 2500 (+/-10%) words in length 4 The paper must have a title page and a separate page for references (where they are used) at the end. It is expected that the introduction comprises no more than 10% of the paper the body wherein the project scope, outcomes and objectives are described is to be roughly 70% of the paper, and the remaining 20% to be conclusion with recommendations/solutions/reflection Part 1: Project Scope and PERT Diagram
The paper that you are working on should be 2500 words in length (plus/minus 10%) and should have a title page. In addition, there should be a separate page for references at the end of the paper.
The introduction should comprise no more than 10% of the paper. The body, which describes the project scope, outcomes, and objectives, should make up approximately 70% of the paper. The remaining 20% should be devoted to conclusions, recommendations, solutions, or reflections.
Part 1: Project Scope and PERT Diagram
A Project Evaluation and Review Technique (PERT) diagram is a network representation of the project plan, showing the sequence of activities, time required for each activity, and the dependencies between them. The following are the steps for creating a PERT diagram.
Step 1: Identify the project and break it down into specific deliverables.
Step 2: Identify the activities needed to complete each deliverable. Make a list of all the activities required to complete each deliverable. Estimate the duration of each activity and enter it on the list.
Step 3: Determine the dependencies between the activities. Identify the activities that can only begin once another activity has been completed, and the activities that can be done in parallel with other activities.
Step 4: Draw the PERT diagram. Begin by drawing a box for each activity. Draw arrows between the boxes to show the dependencies. Label each arrow with the estimated duration of the activity.
In conclusion, the PERT diagram provides a visual representation of the project plan, making it easier to understand and communicate to stakeholders.
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dings tion of ces rse Quiz Instructions The Walt Disney Company was the world's biggest entertainment company. The launch of Disney Plus video streaming service represented the biggest challenge to Netflix's leadersh of streamed video entertainment since the launch of its own service in 2007. By the first half of 2021, competition in streamed video entertainment had become intense with newcomers Disney Plus, AT&T's HBO Max, Comcast's Peacock and Viacom CBS's Paramount+ competing with incumbents Netflix, Amazon Video Prime, and Hulu. However, the attention of most industry watchers was focused upon the two companies which were perceived as the potential giants of this emerging industry: Netflix and Disney. This rivalry is interesting because of the profound differences between the two companies. The focus of this case is less upon the question of who will win in this industry-it seems like that the global market for streamed video entertainment is big enough for both companies to succeed. Question 2 10 pts What are the strategies of Netflix and Disney in the market for streamed video entertainment? What recommendations would you offer Netflix and Disney to effectively exploit its key strengths while protecting itself from its key weaknesses? Explain.
Strategies of Netflix and Disney in the market for streamed video entertainment: Netflix's strategy: Offer a wide range of content, including original series and films, to attract and retain subscribers.
Focus on user experience, including personalized recommendations and ease of use.
Leverage its large subscriber base to negotiate favorable deals with content creators.
Experiment with new pricing and content offerings to maintain its competitive edge.
Strategies of Disney: Build on its legacy of creating and producing high-quality content, including both original and acquired programming.
Expand its reach through its own streaming service, Disney Plus, and licensing deals with other platforms.
Invest in technological innovation, such as its own virtual production technology, to differentiate its offerings.
Use its vast library of intellectual property to create exclusive and differentiated content.
Recommendations for Netflix:
Continue to invest in original content to differentiate itself from competitors and maintain its subscriber base.
Experiment with new pricing and content offerings to adapt to changing market conditions.
Expand its global footprint to reach new markets and audiences.
Build partnerships with other content creators and platforms to broaden its content offerings.
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A certain business owns a piece of machinery used in manufacturing. In June 2022, after the 2021 financial statements were published, the company realized that the machine’s useful life was 10 years from that date, not seven years as originally estimated. Explain in your own words why it is not appropriate for the company to revise its 2021 financial statements to reflect the new estimate
It is not appropriate for a company to revise its 2021 financial statements to reflect the new estimate after the 2021 financial statements have been published because it would violate the accounting principle of conservatism.
Conservatism principle is an accounting principle that states that when in doubt, companies must choose the course of action that is most likely to result in the least favorable outcome. This means that companies should be cautious when assessing their financial statements to avoid overstating their profits or assets while understating their liabilities or losses.
As a result, when a company discovers that it has underestimated the useful life of a piece of machinery, it cannot revise the financial statements from a previous year to reflect the new estimate. It must instead write off the accumulated depreciation up to that date and make the necessary adjustments going forward.
Furthermore, revising financial statements would also harm the confidence of investors in the reliability of financial statements, which is critical for a company's survival. Finally, the company will report the change in estimate in the current year's financial statements and take the necessary adjustments to reflect the change.
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A BCG matrix, also known as a growth-share matrix, identifies departments and divisions within an organization that should receive fewer resources than others. It may also identify divisions that can be divested.
The BCG matrix, or growth-share matrix, is a tool used to analyze and classify departments or divisions within an organization based on their market growth rate and relative market share.
It helps identify which units should receive more or fewer resources and can also highlight divisions that may be considered for divestment.
The BCG matrix categorizes divisions or departments into four quadrants: Stars, Cash Cows, Question Marks, and Dogs. Stars represent high-growth, high-market-share units that require substantial investment to maintain their growth. Cash Cows are low-growth, high-market-share units that generate significant cash flow and require minimal investment. Question Marks are high-growth, low-market-share units that may require additional resources to increase their market share. Dogs are low-growth, low-market-share units that may not generate substantial returns and could potentially be divested.
By assessing the position of each division in the BCG matrix, management can make informed decisions about resource allocation and prioritize investments in high-potential areas. Divisions classified as Stars may receive more resources to sustain their growth, while Cash Cows can generate cash to support other divisions. Question Marks require careful evaluation to determine if further investment is warranted, and Dogs may need to be phased out or divested to free up resources for more promising areas. The BCG matrix provides a visual representation of an organization's portfolio of divisions, aiding in strategic decision-making and resource management.
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Domco manufactures small gasoline engines for the home gardening
power tool industry. Their production line for 8hp engines is very labor intensive. The company has an opportunity to produce 8hp engines for all of Sears Craftsman® small garden power products that require an 8 horsepower rating.
In order to increase production Domco will have to install a new automated production line. The engineering estimate for the cost of the new production facility is $12,500,000. If the new production line is installed, it is estimated that Domco will save $1,000,000 per year in direct labor cost. All other variable cost per unit will remain the same.
The Sear’s contract is for 5 years and will be renewed at the end of that time if both parties agree. The Sear’s contract will increase sales in 8hp engines by 30% per year. The current sales price per engine is $48 with a total volume of 800,000 units sold per year.
Variable cost amount to 32% of the sales price per engine exclusive of direct labor cost. If the new production line is installed the old production line will be dismantled and scraped (sold) for $45,000 and will have a realize loss for tax purposes of $280,000. If the old line were not sold today it could be sold for $25,000 at the end of its life in five years.
The old production line was put into servers 10 years ago at a cost of $975,000 and was being depreciate over a 15 year life using straight line depreciation without taking salvage value into consideration. The new production line will be depreciated over 5 years using straight line depreciation without taking salvage value into consideration.
If Domco goes ahead with the project, the company will use funds currently available to pay for the new line. The new production line can be scraped (sold) for $175,000 five years from today. Since no salvage value has been use in the depreciation calculation for the equipment the entire amount a taxable gain.
Domco should go ahead with the project to install the new automated production line for 8hp engines.
The decision to proceed with the new production line can be evaluated by analyzing the financial implications and benefits.
Firstly, the cost of the new production facility is $12,500,000, and it is estimated to result in annual savings of $1,000,000 in direct labor costs. This indicates that the investment can be recouped over time through labor cost savings.
Secondly, the Sears contract offers a significant opportunity for increased sales, with a 30% annual growth in 8hp engine sales over the 5-year contract period. This will contribute to revenue growth and potential profitability.
Additionally, the current sales price per engine is $48, and the variable costs amount to 32% of the sales price (excluding direct labor costs). With the increased sales volume, the company can expect higher revenues and potentially improved profitability.
Furthermore, the decision is also supported by the fact that the old production line can be sold for $45,000 now, which can offset some of the initial costs, and the new production line can be sold for $175,000 after five years.
Considering these factors, including the potential cost savings, revenue growth, and the opportunity provided by the Sears contract, it appears favorable for Domco to proceed with the project and install the new automated production line for 8hp engines.
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For the quadratic form Q(x) = x Ax restricted to the constraint Bx = 0, construct the (n + m) x (n + m) symmetric matrix H 0 B H = [T A If |H| has the same sign as (-1)" and if the last n - m leading principal minors alternate in sign, then Q is negative definite on the constraint set Bx = 0. If |H| and the last n-m leading principal minors all have the same sign as (-1)", then Q is positive definite on the constraint set Bx = 0. If these conditions are violated by nonzero leading principal minors, then Q is indefinite on the constraint set Bx = 0. Consider the following 3-good quadratic utility function: a U (*. •3•xty) = * 2 2 -0,2%,*2 2 3 <0. Use Theorem 16.4 to determine the definiteness of this utility function subject to the linear constraint 12 given that a ,,az >0 and a *,+P2+2+P343=0.
The quadratic utility function is positive definite on the constraint set Bx = 0, based on Theorem 16.4.
The quadratic utility function U(x) = a11x1^2 + a22x2^2 + a33x3^2, where a11, a22, and a33 are positive constants, can be written in the form Q(x) = xAx, where A is the symmetric matrix with diagonal elements a11, a22, a33. We are given the linear constraint Bx = 0, where B = [1, 1, 1]. To determine the definiteness of Q on the constraint set Bx = 0, we need to construct the symmetric matrix H0 such that H0B(H0^T) = [T A I] and analyze its determinants.
Constructing the matrix H0, we have:
H0 = [1 1 1]
[a11 0 0]
[0 a22 0]
[0 0 a33]
Calculating the determinants of the leading principal minors of H0, we find:
|H0| = a11a22a33
|H1| = a11a22
|H2| = a11
If |H0| has the same sign as (-1)^(n+m) and the last n-m leading principal minors alternate in sign, then Q is negative definite on the constraint set Bx = 0. On the other hand, if |H0| and the last n-m leading principal minors all have the same sign as (-1)^(n+m), then Q is positive definite on the constraint set Bx = 0. If these conditions are violated by nonzero leading principal minors, then Q is indefinite on the constraint set Bx = 0.
In this case, |H0| = a11a22a33, and since a11, a22, and a33 are positive, |H0| > 0. Since |H1| = a11a22 > 0 and |H2| = a11 > 0, the last two leading principal minors have the same sign as (-1)^(n+m), and the conditions for positive definiteness are satisfied. Therefore, the quadratic utility function U(x) = a11x1^2 + a22x2^2 + a33x3^2, subject to the linear constraint Bx = 0, is positive definite.
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Melbourne Company uses the perpetual... Melbourne Company uses the perpetual inventory system and LIFO cost flow method. Melbourne purchased 1,400 units of inventory that cost $8.75 each. At a later date, the company purchased an additional 1,500 units of inventory that cost $9.25 each. If the company sells 1,700 units inventory, what amount of ending inventory will appear on a balance sheet prepared immediately after the sale? Multiple Choice O $11,100 O $10,500 O $15,625 O $10,800
Melbourne Company uses the perpetual inventory system and LIFO cost flow method. Melbourne purchased 1,400 units of inventory that cost $8.75 each. Hence, the correct option is O $15,625.
At a later date, the company purchased an additional 1,500 units of inventory that cost $9.25 each. If the company sells 1,700 units inventory,
we need to find out the cost of goods sold:
Cost of goods sold = (1400 × 8.75) + (1500 × 9.25) - (1700 × 8.86)
Cost of goods sold = 12,250 + 13,875 - 15,082
Cost of goods sold = 11,043
Now, we can calculate the ending inventory by subtracting cost of goods sold from the total cost of inventory:
Total cost of inventory = (1400 × 8.75) + (1500 × 9.25)
Total cost of inventory = 12,250 + 13,875
Total cost of inventory = 26,125
Ending inventory = Total cost of inventory - Cost of goods sold
Ending inventory = 26,125 - 11,043
Ending inventory = 15,082
The amount of ending inventory that will appear on a balance sheet prepared immediately after the sale is $15,082.
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We are given the following information for Pettit Corporation.
Sales (credit) $3,668,000
Cash 190,000
Inventory 913,000
Current liabilities 745,000
Asset turnover 1.4 times
Current ratio 2.6 times
Debt-to-assets ratio 35 %
Receivables turnover 7 times
Current assets are composed of cash, marketable securities, accounts receivable, and inventory.
Calculate the following balance sheet items: (Show all your workings and calculations)
a.Accounts receivable
b.Marketable securities
c.Capital assets
d.Long-term debt
Given information:Sales (credit) = $3,668,000Cash = $190,000Inventory = $913,000Current liabilities = $745,000Asset turnover = 1.4 timesCurrent ratio = 2.6 timesDebt-to-assets ratio = 35 %Receivables turnover = 7 timesCurrent assets are composed of cash, marketable securities, accounts receivable, and inventory.To calculate the balance sheet items, we need to use the following formulas:Asset Turnover = Net Sales / Average Total AssetsReceivable Turnover = Net Sales / Average Net ReceivablesDebt to Asset Ratio = Total Debt / Total AssetsCurrent Ratio = Current Assets / Current Liabilitiesa. Accounts ReceivableGiven, Net Sales = $3,668,000Receivables Turnover = 7 timesNet Receivables = $ Net Sales / Receivables Turnover$= 3,668,000 / 7 = $524,000b. Marketable SecuritiesThe value of marketable securities is not given. Hence we cannot calculate the marketable securities value.c. Capital AssetsTotal Asset Turnover = 1.4 timesNet Sales = $3,668,000Total Assets = $Net Sales / Total Asset Turnover$= 3,668,000 / 1.4 = $2,620,000Capital Assets = Total Assets - Current Assets$= 2,620,000 - (190,000 + 913,000 + 524,000)$$= 993,000d. Long-term debtTotal Asset = Total Debt / Debt to Asset Ratio$= 2,620,000 / 0.35$$= 941,000$Current Liabilities = Current Ratio * Current Assets$= 2.6 * (190,000 + 913,000 + 524,000)$= 2.6 * 1,627,000$= $4,229,200Long-term Debt = Total Debt - Current Liabilities$= 941,000 - 745,000$= $196,000Therefore,Accounts Receivable = $524,000Marketable Securities = Not givenCapital Assets = $993,000Long-term Debt = $196,000
Problem Case Summary Wilmont's is a top-ranked US retail pharmacy with more than 8,000 stores nationwide. The company is secretly considering delivering prescriptions by flying drone. DroneTech, a small firm in San Francisco, CA announced the approach in March, and Wilmont's has made an agreement with DroneTech to prototype this project in the San Francisco area. Drone Tech will provide the drone technology as well as the drone piloting and delivery systems, but will customize its systems and business process to conform to Wilmont's requirements. You are the project manager assigned to lead this project. (Depending upon the course domain, the case positions the student as the project manager in either Wilmont's IT, Wilmont's Pharmacy Operations, or DroneTech Engineering.) • Wilmont's has limited the project expenditures to a maximum of US$1,750,000 for this prototype project and will implement it first in only four stores. • The project begins next January 5 and the first customer delivery flight should take place no later than November 30 to avoid harsh weather in the San Francisco area. . You will need to plan tasks and assign team members to them from a list of people involved in the project. Regular meetings need to be held with the team and stakeholders as well as other forms of communication. • Approval points are needed through the project sequence. • Risks, testing, quality control and provision issues may develop. • Issues in security, reliability, integrity, interfaces between the systems of the two organizations and customer interaction are all considerations that must be made as you plan the project. • User training and other preparations will be required for system implementation.
The case involves Wilmont's, a leading US retail pharmacy, considering the use of drones for delivering prescriptions. Wilmont's has partnered with DroneTech, a small firm in San Francisco, to prototype this project.
The project manager is responsible for planning tasks, assigning team members, and ensuring timely delivery. The project has a budget limit of US$1,750,000 and will initially be implemented in four stores.
Various factors such as risks, testing, quality control, security, and customer interaction need to be considered during project planning and implementation.
Wilmont's, a prominent retail pharmacy with a vast network of stores across the US, is exploring the idea of using drones for prescription deliveries. They have teamed up with DroneTech, a San Francisco-based company, to develop a prototype for this innovative project. As the project manager, you are tasked with planning and coordinating various aspects of the project.
The project has financial constraints, with a maximum budget of US$1,750,000 allocated for the prototype phase, which will be initially implemented in just four stores. The project is set to commence on January 5, and the first customer delivery by drone should take place before November 30 to avoid adverse weather conditions in the San Francisco area.
To ensure project success, you will need to plan tasks, assign team members from a designated list, and establish regular communication channels with both the project team and stakeholders. Throughout the project, there will be approval points that need to be met at various stages. Additionally, risks, testing, quality control, and provisioning issues must be addressed.
Several considerations arise during the planning phase, including security measures, system reliability, data integrity, integration between Wilmont's and DroneTech's systems, and customer interaction with the drone delivery service. Adequate user training and preparations will also be essential before the system can be successfully implemented.
Overall, as the project manager, your role is to navigate these challenges, manage resources effectively, and ensure the project is delivered within the specified budget and timeline, while addressing all relevant considerations and requirements.
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