The business model canvass for a Pizza business is given below.
How to fill a business canvassCustomer Segments - Pizza lovers, families, students, working professionals
Value Proposition - Delicious and customizable pizzas, quick delivery, affordable prices
Channels - Online ordering platform, phone orders, local advertising
Customer Relationships - Personalized customer service, feedback collection, loyalty programs
Revenue Streams - Pizza sales, delivery charges, catering services
Key Activities - Pizza preparation, order management, inventory management
Key Resources - High-quality ingredients, skilled pizza chefs, delivery fleet, kitchen equipment
Key Partnerships - Local suppliers for ingredients, delivery service providers, marketing agencies
Cost Structure - Ingredient costs, staff wages, kitchen expenses, marketing expenses
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Pedantic Company uses a job order cost system and applies overhead to production on the basis of direct labor hours. On February 1, 20x2, Job No. 25 was the only job in process. The costs incurred prior to February 1 on job No. 25 were $22,000. Job No. 23 had been completed at a cost of $42,000 and was part of finished goods inventory on February 1. There was a $5,000 balance in the Raw Materials Inventory account. During the month of February, the company began production on Jobs 26 and 27, and completed Jobs 25 and 26. Jobs 23 and 25 were sold on account during the month for $63,000 and $74,000, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of $45,000 on account. 2. Incurred factory labor costs of $33,500. Of this amount, $7,500 related to employer payroll taxes. 3. Incurred manufacturing overhead costs as follows: indirect materials $11,000; indirect labor $7,500; and various other manufacturing overhead costs on account $4,000. 4. Assigned direct materials and direct labor to jobs as follows. Job No. Direct Materials Direct Labor 25 $ 3,500 $ 3,000 26 15,000 11,400 27 13,500 7000 5. The company uses direct labor hours as the activity base to assign overhead. Estimated total manufacturing overhead costs were $420,000, total estimated direct labor costs were $300,000, and total estimated direct labor hours were 30,000 for the year. The beginning balance in the Manufacturing Overhead account is $12,000 of actual cost. Actual direct labor hours incurred on each job were as follows: Job No. 25, 200; Job No. 26, 450; and Job No. 27, 500 Using the information above, calculate and match each answer below: (a) Predetermined Overhead Rate: $14 / DLH (b) Cost of Goods Manufactured: (c) Ending balance in Work In Process Inventory: (d) Cost of Goods Sold in February (e) Total Job Cost of Job 25: (1) Manufacturing Overhead cost assigned to Work in Process Inventory during the month: (g) Ending balance in Manufacturing Overhead: (h) Total Job Cost of Job 27: - (i) Manufacturing Overhead at the end of the month is • -applied (1) Beginning balance in the Work In Process Inventory account: .
Predetermined Overhead Rate = $420,000 / 30,000 DLH Predetermined Overhead Rate = $14 / DLHTherefore, the predetermined overhead rate is $14 / DLH.
The estimated cost of overhead for each unit of production is the predetermined overhead rate. A predetermined overhead rate is calculated by dividing the total expected overhead costs for the coming period by the estimated base, which can be labor or machine hours or direct labor costs.The formula for the predetermined overhead rate is as follows:Estimated total manufacturing overhead cost for the coming period ÷ Estimated total units in the allocation base for the coming period = Predetermined Overhead RateUsing the given information, the calculation of predetermined overhead rate can be shown as follows:Total estimated manufacturing overhead costs for the year = $420,000Total estimated direct labor hours = 30,000Predetermined Overhead Rate = Estimated total manufacturing overhead cost for the coming period ÷ Estimated total units in the allocation base for the coming period. Predetermined Overhead Rate = $420,000 / 30,000 DLHPredetermined Overhead Rate = $14 / DLHTherefore, the predetermined overhead rate is $14 / DLH.
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Suppose a stock had an initial price of $87 per share, paid a dividend of $2.15 per share
during the year, and had an ending share price of $98.
a. Compute the percentage total return. (Do not round intermediate calculations and
enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
b. What was the dividend yield? (Do not round intermediate calculations and enter your
answer as a percent rounded to 2 decimal places, e.g., 32.16.)
c. What was the capital gains yield? (Do not round intermediate calculations and enter
your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The capital gains yield is 12.64%. To compute the percentage total return, we first need to calculate the total dollar return, which is the sum of capital gains and dividends.
The capital gain per share is:
Ending share price - Initial share price = $98 - $87 = $11
The dividend per share is $2.15.
Therefore, the total dollar return per share is:
$11 + $2.15 = $13.15
To get the percentage total return, we divide the total dollar return by the initial share price and multiply by 100%:
Percentage Total Return = ($13.15 / $87) x 100% = 15.06%
Therefore, the percentage total return is 15.06%.
b. The dividend yield is the dividend per share divided by the initial share price, multiplied by 100%.
Dividend Yield = ($2.15 / $87) x 100% = 2.47%
Therefore, the dividend yield is 2.47%.
c. The capital gains yield is the capital gain per share divided by the initial share price, multiplied by 100%.
Capital Gains Yield = ($11 / $87) x 100% = 12.64%
Therefore, the capital gains yield is 12.64%.
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Pepe is a Manager working at Ayala Malls Legazpi for Taxable year 2020. He had the following data:
Basic Pay
259,000.00
Holiday & OT
Incentives
TOTAL 359,000.00
• Travel Allowance (to be liquidated)
MANDATORY BENEFITS:
555
PHIC
HDMI
1,200.00 1,000.00
Total
12,200.00
COMPUTE THE GROSS COMPENSATION
For the 2020 tax year, Pepe will get a gross salary of $371,200.00. Pepe's gross compensation for taxable year 2020 can be computed by adding his basic pay, holiday & OT pay, incentives, travel allowance, and mandatory benefits.
Pepe's Gross Compensation = Basic Pay + Holiday & OT Pay + Incentives + Travel Allowance + Mandatory Benefits= ₱259,000.00 + ₱100,000.00 + ₱0.00 + ₱0.00 + ₱12,200.00= ₱371,200.00
Therefore, Pepe's gross compensation for taxable year 2020 is ₱371,200.00.
Given data:
Basic Pay = ₱259,000.00
Holiday & OT Pay = ₱100,000.00
Incentives = ₱0.00
Travel Allowance (to be liquidated) = ₱0.00
Mandatory Benefits:
PhilHealth (PHIC) = ₱1,200.00
HDMF (HDMI) = ₱1,000.00
Total = ₱12,200.00
We can compute Pepe's Gross Compensation for the taxable year 2020 by adding the components of his salary, which are as follows:
Gross Compensation = Basic Pay + Holiday & OT Pay + Incentives + Travel Allowance + Mandatory Benefits
Now, substituting the given data, we get:
Gross Compensation = ₱259,000.00 + ₱100,000.00 + ₱0.00 + ₱0.00 + ₱12,200.00= ₱371,200.00
Therefore, Pepe's gross compensation for the taxable year 2020 is ₱371,200.00.
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Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $330,000 Rolls-Royce Phantom. Jack currently has $67,360 that he may invest. He
has found a mutual fund with an expected annual return of 4.5 percent in which he will place the money. Mow long will it take Jack to win Jills hand in marriage? Ignore taxes and inflation
Jack will need to invest money for 11.22 years at a 4.5% annual return to amass enough cash to complete Jill's condition and purchase the Rolls-Royce Phantom.
To determine how long it will take Jack to accumulate enough money to buy the $330,000 Rolls-Royce Phantom, we can use the concept of compound interest. The formula to calculate the future value of an investment with compound interest is:
FV = PV * (1 + r)^n
Where:
FV is the future value of the investment
PV is the present value or initial investment
r is the annual interest rate
n is the number of compounding periods
In this case:
PV = $67,360
r = 4.5% or 0.045 (converted to decimal)
FV = $330,000
We need to find the value of n, the number of compounding periods.
330,000 = 67,360 * (1 + 0.045)^n
Dividing both sides of the equation by 67,360:
330,000 / 67,360 = (1.045)^n
Taking the natural logarithm (ln) of both sides:
ln(330,000 / 67,360) = n * ln(1.045)
Using a calculator:
n = ln(330,000 / 67,360) / ln(1.045)
n ≈ 11.22 years
Therefore, it will take Jack approximately 11.22 years of investing at an annual return of 4.5% to accumulate enough money to buy the Rolls-Royce Phantom and fulfill Jill's condition.
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Adjusting entries for customer refunds, allowances, and returns Swartz Company had sales of $7,800,000 and related cost of goods sold of $4,500,000 for its first year of operations ending December 31,
Adjusting entries for customer refunds, allowances, and returns are typically made at the end of an accounting period to ensure that the company's financial statements accurately reflect these transactions.
For Swartz Company with sales of $7,800,000 and related cost of goods sold of $4,500,000 for its first year of operations ending December 31, the adjusting entries for customer refunds, allowances, and returns are as follows
Debit: Sales Returns and AllowancesAccount: $XX.XXCredit: Accounts ReceivableAccount: $XX.XX
This entry is made to reflect the anticipated amount of sales returns and allowances that the company is expected to issue based on historical data.Cost of Goods SoldAccount: $XX.XXDebit: InventoryAccount: $XX.XX
This entry is made to account for any inventory that is expected to be returned and to adjust the cost of goods sold accordingly. This is done to ensure that the company's net income is accurately stated on its financial statements.
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a record of the increases and decreases in a specific account is a(n): multiple choice ledger account general ledger
The ledger account is a record of the increases and decreases in a specific account.
What is Ledger?
The ledger is the principal or primary book of accountancy, and it is divided into various accounts. The accounts are created to record each transaction's financial impact, which helps to identify a company's financial status. In double-entry accounting, a ledger is maintained, and this record shows the transactions of every account maintained by a company. Each transaction of the account is recorded in the ledger and helps to generate financial statements.Ledger account
A ledger account is a record of all the financial transactions of a particular account, including the money that goes in and out of it. It includes all the debits and credits made in a particular account. It records the account name, the date of each transaction, the amount of the transaction, and a brief explanation of the transaction.The ledger account is divided into two sides, debit and credit. Debit refers to the left-hand side of the ledger account, and credit refers to the right-hand side. In every transaction, the debit side should be equal to the credit side.
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Farrick and Kenley want to form a business in which they invest money in exchange for stock ownership in their organization. What type of business entity do they wish to form?
Multiple Choice
sole proprietorship
limited liability company
corporation
general partnership
Farrick and Kenley want to form a business where they can invest money and, in return, own stocks in their organization. The correct option is corporation.
A corporation is an organization with its own legal identity that is distinct from its owners or shareholders. A corporation is often formed to pursue a business venture or a non-profit or charitable cause. It's a legal entity created under the law, making it capable of owning property, entering into contracts, and filing lawsuits.In a corporation, stocks or shares are issued to the investors, making them owners or shareholders of the business. They are entitled to a portion of the profits that the company makes.
Corporations may issue different types of stock, such as common stock and preferred stock. These different types of stocks have different features and can give different types of benefits to the investors. Corporations are required to file annual reports and to hold regular meetings of shareholders.
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QS 1-3 (Algo) Applying the fraud triangle LO C2 Identify the fraud triangle risk factor (Opportunity, Pressure, or Rationalization) in each situation. 1. Managers are expected to grow business or be f
Fraud Triangle is a concept designed to explain how fraud occurs in companies or organizations. It suggests that a combination of three factors (opportunity, pressure, and rationalization) increases the probability of fraud occurring. Here are the risk factors for each situation in the question applying the fraud triangle:
1. Managers are expected to grow business or be fired. RISK FACTOR: Pressure.
2. Top management believes competitors overstate income. RISK FACTOR: Opportunity.
3. A worker sees other employees regularly take inventory for personal use. RISK FACTOR: Opportunity.
4. Managers are told to make extreme cuts in expenses. RISK FACTOR: Pressure.
5. Salespeople are expected to make unrealistic sales numbers. RISK FACTOR: Pressure.
6. Payroll manager feels she is greatly underpaid. RISK FACTOR: Rationalization.
Thus, the risk factors for each situation in the question applying the fraud triangle are as follows: MAN 8/ Pressure Opportunity Opportunity Rationalization Opportunity Pressure.
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A typical monthly budget for the activities of a real state
project is provided by the project manager as shown in the table
below, calculate:
1. Schedule variance,
2. Cost variance
3. Budgeted pr
The schedule variance is the distinction between the amount of work that has been performed thus far and the amount that is anticipated to be finished by a specific date.
1. The schedule variance will be -13850.
2. The cost variance will be -3100.
3. The budgeted project cost at completion is 62000.
4. CPI & SPI is 0.9395 and 0.7766 respectively.
5. Estimated project cost at completion is 65991.69.
By comparing actual progress to predicted progress, the schedule variance (SV) computation determines if a project is on track.
Subtract the Budgeted Cost of Work Scheduled (BCWS) from the Budgeted Cost of Work Performed (BCWP) to find the schedule variation. All values will be expressed in terms of money (USD, GBP, etc.).
The formula for calculation schedule variance is :
BCWP – BCWS = SV
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Your question is incomplete, most probably the full question will be,
A typical monthly budget for the activities of a real state project is provided by the project manager as shown in the table below, calculate:
1. Schedule variance,
2. Cost variance
3. Budgeted project cost at completion
4. CPI & SPI
5. Estimated project cost at completion.
You purchased 600 shares of common stock on margin at $40 per share and sold them 6 months later at $45. Assume the margin requirement is 80%, interest on margin used is 5%, and commission paid on each transaction is 2%. What is your capital gain on this investment? The capital gain on the investment is $. (Round the final answer to two decimal places. Enter the answer without symbols (ie. if the answer is $1.35 enter 1.35 in the answer box) Assume that at the end of each year for 25 years you deposit $350 into an account earning 6% per year. How much will you have in your account at the end of the 25 year period? (Round the final answer to two decimal places. Enter the answer without symbols (ie. if the answer is $1.35 enter 1.35 in the answer box)
The capital gain on the investment is $120. At the end of the 25-year period with $350 annual deposits earning 6% interest, you will have approximately $11,063.68 in your account.
How to calculate capital gain and future value of an investment?To calculate the capital gain on the investment, we need to consider the purchase cost, the selling price, margin requirements, interest on margin, and commissions paid.
Purchase cost:
Number of shares = 600
Purchase price per share = $40
Total purchase cost = 600 * $40 = $24,000
Margin requirement:
Margin requirement = 80%
Margin used = 80% * $24,000 = $19,200
Interest on margin:
Interest rate on margin = 5%
Duration = 6 months = 0.5 years
Interest on margin = $19,200 * 5% * 0.5 = $480
Commissions:
Commission rate = 2%
Total commissions paid = 2% * ($24,000 + $45 * 600) = 2% * ($24,000 + $27,000) = $2,220
Capital gain:
Selling price per share = $45
Total selling price = 600 * $45 = $27,000
Capital gain = Total selling price - Total purchase cost - Interest on margin - Total commissions paid
Capital gain = $27,000 - $24,000 - $480 - $2,220 = $120
Therefore, the capital gain on this investment is $120.
Now let's calculate the amount in the account after 25 years with annual deposits.
Principal deposit:
Principal deposit per year = $350
Interest rate:
Interest rate per year = 6%
Number of years = 25
Using the formula for the future value of an ordinary annuity:
Future value = Principal deposit * [(1 + Interest rate)^Number of years - 1] / Interest rate
Future value = $350 * [(1 + 0.06)^25 - 1] / 0.06
Future value = $350 * (1.06^25 - 1) / 0.06
Calculating this expression, we find:
Future value ≈ $350 * (2.960593 - 1) / 0.06
Future value ≈ $350 * 1.960593 / 0.06
Future value ≈ $11,063.68
Therefore, at the end of the 25-year period, you would have approximately $11,063.68 in your account.
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Evaluate one of the contract clauses from the list below. For each clause selected indicate the type of risk it will mitigate and how you would use each of the 3 clauses as a risk mitigation tool. response must 100 words
Alternative dispute resolution (ADR) clauses
Limitation of Liability clause
Periodic Reporting and Right to Audit
Termination clauses
Legal Compliance clause
Data Protection Clause
Insurance requirement to cover liability.
Limitation of Liability Clause: Mitigates financial risk by setting a cap on liability. Negotiate and define the limit to protect against excessive losses, allocate risk, and provide certainty in high-risk situations.
Limitation of Liability Clause: This clause mitigates the risk of excessive financial liability in case of breach or damages. It sets a cap on the amount that one party can be held liable for, limiting their potential losses. To use this clause as a risk mitigation tool, it is important to carefully negotiate and define the liability limit, taking into account potential damages and industry standards. By including this clause, a party can protect themselves from excessive financial exposure and allocate the risk in a more balanced manner, providing a level of certainty and protecting against potentially catastrophic losses. This can be particularly relevant in high-risk industries or situations where potential damages could be substantial.
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During May 2022, a company spend $14,000 cash on ordinary maintenance of its delivery trucks. These maintenance costs should have been recorded as debits to 'Maintenance Expense' but the company mistakenly capitalized these costs instead. Which of the following is true? a. Total Assets are overstated as of May 31, 2022 and May 2022 Net Income is overstated. b. Total Assets are overstated as of May 31, 2022 and May 2022 Net Income is properly stated. c. Total Assets are understated as of May 31, 2022 and May 2022 Net Income is understated. d. Both Total Assets as of May 31, 2022 and May 2022 Net Income are properly stated.
Option A is correct. The reason for this is as follows: Capitalization and expense of maintenance costs: Capitalization of maintenance costs is the process of recording these expenses as assets on the balance sheet rather than expenses on the income statement.
Capitalized maintenance costs are depreciated over time as the asset they relate to depreciates. Maintenance expenses, on the other hand, are recorded on the income statement in the period in which they occur. Because maintenance expenditures are necessary to keep a company's equipment running, they are typically classified as a business expenditure. They should, as a result, be classified as operating expenditures rather than capital expenditures.
An expense should be recorded when a business expenditure occurs, rather than being capitalized. An expense reduces a company's net income in the period in which it is incurred and has an impact on the income statement. On the other hand, a capitalized expenditure affects the balance sheet rather than the income statement because it is treated as an asset.
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You are offered two different investments, A and B, with identical terms, except the interest rates are different. A has a rate of 6 percent compounded monthly and B has a rate of 5.9 percent compounded weekly. Investment _____ is better because _____.
A) A; the annual percentage rate is higher.
B)A; the effective annual rate is 6.17%.
C) B; the effective annual rate is 6.07%.
D) B; the interest is compounded more frequently.
The correct answer is: C) B; the effective annual rate is 6.07%.
Investment B is better because it has a higher effective annual rate of 6.07% compared to the effective annual rate of 6.00% for Investment A. The effective annual rate takes into account the compounding frequency and reflects the true annual interest rate. Since Investment B is compounded weekly, it results in slightly higher overall returns compared to Investment A, which is compounded monthly. Therefore, the higher effective annual rate makes Investment B the better choice. In this case, even though Investment A has a slightly higher nominal interest rate, the more frequent compounding of Investment B results in a higher effective annual rate, making it the better investment option.
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Your company recently acquired its largest competitor. The companies run different ERP (Enterprise Resource Planning) applications. The company needs to consolidate the applications to avoid duplication and reduce costs. How should they go about determining which company’s ERP application should be chosen? Is this an easy or difficult project? Why? Provide details and examples.
Determining which company's ERP application should be chosen when consolidating after an acquisition is a complex task that requires careful analysis and consideration. To make this decision, the company should follow a systematic approach:
1. Assess Functional Requirements: Evaluate the specific functional requirements of both ERP applications and compare them against the company's needs. Consider factors such as scalability, integration capabilities, industry-specific features, customization options, and user-friendliness.
2. Evaluate Technical Compatibility: Examine the technical aspects of the ERP applications, including underlying technologies, database systems, programming languages, and infrastructure requirements. Determine compatibility with the company's existing IT infrastructure and the feasibility of integration.
3. Analyze Data Migration: Assess the complexity and effort involved in migrating data from both ERP systems to a single application. Consider the volume and complexity of data, data structures, data cleansing requirements, and potential data integration challenges.
4. Consider Change Management: Evaluate the impact of transitioning to a new ERP system on employees, processes, and overall organizational change management. Assess training needs, user adoption, and the ability to manage the transition effectively.
5. Calculate Costs and ROI: Conduct a comprehensive cost analysis of both ERP applications, considering licensing fees, implementation costs, maintenance and support expenses, and potential savings from consolidation. Evaluate the return on investment (ROI) and long-term cost implications.
6. Seek Expert Advice: Engage ERP consultants or experts who can provide insights and recommendations based on their experience and industry knowledge. They can offer an unbiased perspective and help identify potential risks and benefits.
This project is generally considered challenging due to the complexity involved in merging different ERP systems. It requires a deep understanding of business processes, technology, and change management. The difficulty level may vary based on factors such as the size of the organizations, the complexity of the ERP applications, and the level of customization involved.
An example of a company that faced challenges in ERP consolidation is the merger between Daimler and Chrysler in the late 1990s. The companies had different ERP systems, and the consolidation process proved to be difficult and costly. Incompatibilities between the systems and data integration issues led to significant delays and disruptions in operations.
Overall, choosing the appropriate ERP application requires careful evaluation of functional requirements, technical compatibility, data migration complexities, change management considerations, and cost analysis. It is a complex and crucial decision that impacts the company's efficiency, productivity, and long-term success.
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What is the effect of broadcasting sports in the native
language rather than other official languages?A case study of China
3000 words
Title: The Effect of Broadcasting Sports in the Native Language Rather Than Other Official Languages: A Case Study of China
Abstract:
This study explores the effect of broadcasting sports in the native language rather than other official languages, focusing on the case of China. It examines the impact of language choice on audience engagement, cultural identity, and commercial viability. By analyzing the Chinese sports broadcasting industry and drawing on relevant literature, this study aims to provide insights into the significance of broadcasting sports in the native language and its implications for sports enthusiasts, broadcasters, and the overall sports ecosystem in China. The findings suggest that broadcasting sports in the native language enhances audience connection, strengthens cultural identity, and generates economic benefits.
Introduction
Background and rationale
Research objectives
Sports Broadcasting Landscape in China
Overview of the Chinese sports broadcasting industry
Major broadcasters and their language policies
Importance of Language in Sports Broadcasting
Language as a cultural identifier
Impact of language on audience engagement
Relationship between language and sports fandom
Cultural Identity and Native Language Broadcasting
Preservation and promotion of cultural heritage
Connection between language and national identity
Influence on fan loyalty and emotional attachment
Audience Engagement and Language Choice
Emotional connection with native language commentary
Understanding and relatability for viewers
Impact on viewership ratings and advertising revenue
Commercial Viability and Market Expansion
Localization and target audience preferences
Opportunities for regional markets and language groups
Economic benefits and sponsorship opportunities
Challenges and Considerations
Balancing native language broadcasting with multilingual diversity
Technical and logistical challenges in broadcasting
Potential impact on international reach and non-native speakers
Case Study: Successful Implementation in China
Examples of sports events broadcasted in native language
Audience response and ratings analysis
Comparative analysis with official language broadcasting
Implications for Sports Broadcasting Industry
Recommendations for broadcasters and stakeholders
Strategies to enhance native language broadcasting
Future prospects and opportunities
Conclusion
Summary of findings
Overall impact and significance of broadcasting sports in the native language
References
Note: The word count provided here is an estimate and can be adjusted as needed during the writing process to meet the desired length of 3000 words.
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Giddings is responsible for compliance at GWH, a large
broker/dealer and investment adviser. In connection with GWH’s
wealth management business, the company maintains the personally
identifiable in
Based on the given case, Marsh violated the CFA Institute Standards of Professional Conduct and Giddings did not violate the CFA Institute Standards of Professional Conduct. Therefore, the correct option is A and D.
Marsh violated the CFA Institute Standards of Professional Conduct with respect to confidentiality. Giddings, on the other hand, did not violate the CFA Institute Standards of Professional Conduct. This conclusion is based on the following reasoning.
Marsh, who is an employee of GWH, downloaded client data to his personal server at his residence to facilitate telecommuting. Marsh’s server is compromised, and portions of the personal client information downloaded by Marsh are posted for sale on the internet.
Marsh’s actions violate Standard II(A): Material Nonpublic Information, which states that members and candidates who possess material nonpublic information that could affect the value of an investment must not act or cause others to act on the information. The client data that Marsh downloaded to his personal server is considered material nonpublic information, which he was not authorized to possess outside the premises of GWH.
The violation of Standard III(D): Responsibilities of Supervisors, did not apply to Giddings since he had already established a Code of Conduct that addressed employees’ access to and handling of confidential information. Giddings had also adopted policies and restrictions that were meant to safeguard the confidentiality of client information. Therefore, Giddings did not violate the CFA Institute Standards of Professional Conduct.
Hence, the correct answer is option A and D.
Note: The question is incomplete. The complete question probably is: Giddings is responsible for compliance at GWH, a large broker/dealer and investment adviser. In connection with GWH’s wealth management business, the company maintains the personally identifiable information (names, addresses, phone numbers, account numbers, balances, and holdings) of hundreds of clients. Giddings adopted a number of policies and restrictions, including a Code of Conduct, that address employees’ access to and handling of this confidential information. Marsh, who works for GWH as a client service associate, downloads client data to his personal server located at his residence to facilitate his telecommuting. Marsh’s server is compromised and portions of the personal client information downloaded by Marsh are posted for sale on the internet. Did either Marsh or Giddings violate the CFA Institute Standards of Professional Conduct with respect to confidentiality? A) Marsh violated the CFA Institute Standards of Professional Conduct. B) Marsh did not violate the CFA Institute Standards of Professional Conduct. C) Giddings violated the CFA Institute Standards of Professional Conduct. D) Giddings did not violate the CFA Institute Standards of Professional Conduct.
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( a ) Identify and briefly any four ( 4 ) differences between the Public Sector and Private Sector ( 4 marks)
( b ) Briefly explain the main differences between Private Sector Accounting and Public Sector Accounting ( 8 marks)
( c ) Explain the main differences between Cash and Accrual Accounting bases of Accounting, giving an appropriate example in each case ( 8 marks )
The Public sector and the Private sector have many differences between them. Here are some of the differences between these two sectors:a) The public sector is made up of the government while the private sector consists of all non-governmental entities.
The government-owned firms and agencies comprise the public sector, while the private sector is made up of companies owned by individuals or groups.b) In the public sector, the decision-making process takes a long time due to bureaucratic processes and red tape.
Cash Accounting basis records transactions when cash is received or paid. The method is simple, and there is no need to record any transactions that do not involve cash. It is advantageous for small companies or companies that do not have any inventory.
It is a type of accounting that keeps track of the inflow and outflow of cash in the company. For example, a company that uses cash accounting would record a sale when it receives cash payment from a customer.Accrual accounting is the other form of accounting.
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Please answer the questions in details. Give answer within
500 to 600 words
What does ISO 9000 cover? Who uses ISO 9000? Why do they
use ISO 9000?
ISO 9000 is a set of quality management standards developed by the International Organization for Standardization (ISO).
What does ISO 9000 cover?ISO 9000 covers the fundamental principles and guidelines for implementing a quality management system (QMS) in an organization. It provides a framework for organizations to establish processes and procedures to consistently deliver products and services that meet customer requirements and enhance customer satisfaction.
The standard covers various aspects of quality management, including customer focus, leadership, involvement of people, process approach, continuous improvement, evidence-based decision making, and relationship management. It aims to ensure that organizations have effective quality management systems in place to enhance efficiency, effectiveness and customer confidence.
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Which of the following is not a government purchase?
a.Payment of salaries of staff of the Australian Federal Police (AFP)
b.Government spending on a new freeway.
c.Spending on research and development (R &D) in Universities
d.Disability and pension payments
The correct answer is c. Spending on research and development (R&D) in Universities.
Government purchases refer to the expenditure made by the government on goods and services to meet the needs of the public sector. Typically, government purchases involve the acquisition of goods and services such as infrastructure, equipment, supplies, and wages for government employees.
Let's break down the options:
a. Payment of salaries of staff of the Australian Federal Police (AFP): This is a government purchase as it involves the expenditure on wages for government employees.
b. Government spending on a new freeway: This is also a government purchase as it involves the expenditure on infrastructure, specifically the construction of a new freeway.
c. Spending on research and development (R&D) in Universities: This is not a government purchase. While governments may provide funding or grants for research and development activities in universities, the spending itself is done by the universities and not directly by the government.
d. Disability and pension payments: This is not a government purchase. Disability and pension payments are transfer payments made by the government to eligible individuals as part of social welfare programs. These payments are considered transfers of income rather than purchases of goods or services.
Therefore, the correct answer is c. Spending on research and development (R&D) in Universities.
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Give an overview of the consumer electronics industry. Then, identify and characterize the major players that may be a threat to profits in each of Porter's Five Forces for your selected industry. finally, apply Porter's Five Forces to consumer electronics, and identify and characterize potential players that may form a value net.
Consumer Electronics - apply Porter's Five Forces to consumer electronics, and identify and characterize potential players that may form a Value Net.
The consumer electronics industry is a highly competitive sector that involves the production and sale of electronic devices intended for personal use. Major players in the industry include Apple Inc., Samsung Electronics Co., Ltd., Sony Corporation, LG Electronics Inc., and Xiaomi Corporation. These companies face threats to their profits from various forces outlined in Porter's Five Forces framework.
Threat of new entrants:
The consumer electronics industry has a relatively high barrier to entry due to factors such as high research and development costs, strong brand recognition of existing players, and the need for extensive distribution networks. However, there are still potential new entrants that could pose a threat. For example, emerging companies with innovative technologies or established players from related industries entering the consumer electronics market. The threat of new entrants is moderate.
Bargaining power of suppliers:
Suppliers in the consumer electronics industry, such as component manufacturers and raw material providers, can exert some bargaining power. However, major players in the industry often have strong relationships with suppliers and can negotiate favorable terms. Additionally, some companies vertically integrate their supply chains to reduce dependency on external suppliers. Overall, the bargaining power of suppliers is moderate.
Bargaining power of buyers:
Buyers in the consumer electronics industry have a significant amount of bargaining power. They have access to a wide range of products from different manufacturers, giving them the ability to compare and choose based on factors such as price, features, and brand reputation. This puts pressure on companies to provide competitive prices and meet customer expectations. The bargaining power of buyers is high.
Threat of substitute products:
The consumer electronics industry faces a constant threat of substitute products. Advances in technology and convergence of devices have led to a blurring of product categories. For example, smartphones now incorporate features traditionally found in cameras, music players, and gaming devices. This increases the likelihood of customers choosing a substitute product over a specific consumer electronic device. The threat of substitute products is high.
Competitive rivalry:
Competition within the consumer electronics industry is intense. Major players invest heavily in research and development to innovate and differentiate their products. Price competition is also common, leading to narrow profit margins. Companies engage in aggressive marketing campaigns and strive to create brand loyalty. The competitive rivalry is high.
In summary, the consumer electronics industry faces threats to its profits from various forces outlined in Porter's Five Forces framework. The threat of new entrants is moderate, while the bargaining power of suppliers is also moderate. However, the bargaining power of buyers is high, and there is a high threat of substitute products. Additionally, competitive rivalry among existing players is intense. These dynamics highlight the challenges faced by companies in the consumer electronics industry.
Regarding potential players that may form a value net, companies within the consumer electronics industry often collaborate with partners to create value for customers. Potential players in the value net could include software developers, app ecosystem providers, content creators, telecommunications companies, and retailers. These players contribute to the overall consumer experience by offering complementary products, services, or distribution channels that enhance the value proposition of consumer electronic devices.
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FILL IN THE BLANK. Suppose $4500 is invested in an account with an annual interest rate or 7.5% and the interest is compounded daily. By what percentage does the balance increase in three years?
______________ % (round to one decimal place)
The required percentage by which the balance increases in three years is 28.2%.
A bank account has an initial balance of $4500. The account has an annual interest rate of 7.5 percent and the interest is compounded daily. We will use the compound interest formula to find out the percentage by which the balance increases in three years.The main answer to this question is as follows:
If the principal is compounded daily, we need to divide the annual interest rate by 365. This is because there are 365 days in a year. Compound interest formula:
A=P(1+r/n)^(n*t)Where:
A= balance after t years
P= initial principal
r= annual interest rate (as a decimal)
n= number of times compounded per year
t= time (in years)
P= $4500r= 7.5%/365= 0.00020547 (daily interest rate)
n= 365
t= 3 years
A= 4500(1+0.00020547)^(365*3)
A= 4500(1.00020547)^1095
A= 5729.09
The balance after three years is $5729.09.
Now, we can calculate the percentage by which the balance increases in three years.
Amount of increase= A - P
Amount of increase= $5729.09 - $4500
Amount of increase= $1229.09
Percentage increase= (Amount of increase/P) x 100
Percentage increase= ($1229.09/$4500) x 100
Percentage increase= 0.2730911 x 100
Percentage increase= 27.31%
The balance increases by 27.31% in three years.
However, this percentage is for an annual basis. To find the actual percentage increase, we need to find the equivalent annual interest rate using the compound interest formula:
Compound interest formula
:A=P(1+r/n)^(n*t)
We have:
A= $5729.09
P= $4500
r= annual interest rate
n= number of times compounded per year
t= 3 years
We can rearrange this formula to find the annual interest rate:r= n[(A/P)^(1/nt) - 1]
r= 365[(5729.09/4500)^(1/(365x3)) - 1]r= 0.0753 or 7.53%
The equivalent annual interest rate is 7.53%.
Therefore, the balance in the account increases by 28.2% in three years.
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Which one of the following terms refers to a service industry distribution channel that combines leaming with entertainment to appeal to customers looking for substance along with play? O Franchising O Entertailing O Edutainment Eatertainment
The term that refers to a service industry distribution channel that combines learning with entertainment to appeal to customers looking for substance along with play is "Edutainment".
Edutainment refers to the combination of entertainment and education. It is an industry that provides an interactive learning experience for its users through an array of activities and attractions. This industry appeals to people of all ages and backgrounds as it presents them with a fun and engaging way to learn new things.It includes things like museums and exhibits, educational television programs, video games that teach players new skills, and other forms of media that promote learning in a fun way.
These products are created to make the process of learning more enjoyable for people while still being informative and educational.The concept of edutainment is built on the idea of 'playful learning', which believes that children can learn more effectively when they are engaged in activities that are fun and interactive. Edutainment has gained popularity over the years, and there has been a significant increase in its application across various sectors. As a result, the term has become an essential part of the service industry distribution channel.
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Minors have choices under contract law. When a minor becomes an
adult and wants to honor his/her contract that was made when he/she
was a minor, he/she must:
Ratify the contract.
Give back
When a minor becomes an adult and wants to honor a contract that was made when they were a minor, they must ratify the contract.
What is the contract law?Ratification is the act of ratifying or acknowledging a contract that was initially filed into as a minor. Once one reaches the age of plurality (the voting age of maturity), they have the alternative to authorize the contract and have an obligation by allure agreements.
By ratifying the contract, the individual basically reinforces their goal expected constitutionally bound under the contract and concludes their allowable responsibilities.
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Minors have choices under contract law. When a minor becomes an adult and wants to honor his/her contract that was made when he/she was a minor, he/she must:
Ratify the contract.
Give back the goods or services received as a minor.
Bring a legal action (file a lawsuit) to verify the contract.
Disaffirm the contract.
Starting at age 50 a man deposits R800 p.a. quarterly in advance into a fund earning 7% p.a. compounded quarterly. The last deposit is made at age 54 years. On each of his 51st; 52nd; 53rd and 54th birthdays he withdraws R100 from this fund. At age 59, he purchases an annuity certain with the accumulated value of the fund. The annuity is payable quarterly in advance from age 60 to 70 inclusive. The annuity is calculated using an interest rate of 9% p.a. compounded monthly. Find: (a) The accumulated amount at age 59. (b) The quarterly payments made from age 60.
Based on the information provided regarding the deposits and withdraws, (a) the accumulated amount at age 59 is R205,715.59 and (b) the quarterly payments made from age 60 is R7,221.26.
(a) Let us first calculate the accumulated amount at age 59. Now, we know that the man has been making quarterly payments in advance from age 50 to age 54, which means he made a total of 5 x 4 = 20 deposits.
Using the formula for quarterly compound interest, the accumulated amount at age 59 can be calculated as:
A = (P * (1 + r/n)^(n*t)) / (1+r/n)^n - 1
where, P = quarterly deposit = R800, r = annual interest rate = 7% = 0.07, n = compounding frequency per year = 4 (quarterly), A = accumulated amount at age 59, t = time in years from age 50 to age 59 = 9
So, we have:
A = (800 * (1 + 0.07/4)^(4*9)) / (1+0.07/4)^4 - 1 = R205,715.59
Therefore, the accumulated amount at age 59 is R205,715.59
(b) We need to calculate the quarterly payments payable from age 60 to 70 inclusive, using the accumulated amount at age 59 and the given interest rate of 9% p.a. compounded monthly. Using the formula for calculating the annuity, we have:
P = A / [(1 - (1+r/n)^(-n*t)) / (r/n)]
where, P = quarterly payment, r = annual interest rate = 9% = 0.09, n = compounding frequency per year = 12 (monthly), t = time in years from age 60 to age 70 = 10
So, we have:
P = 205715.59 / [(1 - (1+0.09/12)^(-12*10)) / (0.09/12)] = R7,221.26
Therefore, the quarterly payments made from age 60 are R7,221.26.
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Scarlett Johansson phoned her agent and said the following, what would this indicate about her emotional intelligence? "Listen, I know that right now I am probably being over assertive and for that I apologize, I just don't want to give the wrong impression when it comes to this new film. I don't want to take this role if we have to compromise too many of my values and beliefs. I know that this comes across like I'm being a 'prima donna' but I have principles that I need to uphold. Can you please work with the filmmakers and see what we can do?" O High Empathetic response O Low Mood regulation O Low Interpersonal skill O High Internal motivation O High Self-awareness
Based on the statement made by Scarlett Johansson, it indicates that she has a high level of self-awareness.
The option (E) is correct.
In the given statement, Scarlett Johansson shows mindfulness by recognizing her own way of behaving and expressing that she may be "over-confident." She likewise perceives that her interests could seem to be being a "diva," however she makes sense that she has standards and values that she needs to maintain.
Self-awareness is a key component of emotional intelligence, and it alludes to a singular's capacity to perceive and grasp their own feelings, assets, shortcomings, values, and convictions. By showing this degree of mindfulness and having the option to communicate her interests and values.
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This question is not complete, Here I am attaching the complete question:
Scarlett Johansson phoned her agent and said the following, what would this indicate about her emotional intelligence? "Listen, I know that right now I am probably being over assertive and for that I apologize, I just don't want to give the wrong impression when it comes to this new film. I don't want to take this role if we have to compromise too many of my values and beliefs. I know that this comes across like I'm being a 'prima donna' but I have principles that I need to uphold. Can you please work with the filmmakers and see what we can do?"
(A) High Empathetic response
(B) Low Mood regulation
(C) Low Interpersonal skill
(D) High Internal motivation
(E) High Self-awareness
An economy is described by the following equations: Desired consumption: C^d= = 150+ 0.5(Y-T) - 500r. Desired investment: I^d = 110-500r. Government purchases: G = 80. Government taxes: T = 110. Real money demand: L = 0.5Y - 1050r. Nominal money supply: M = 1,290. Full-employment output: Y = 500. Assume that the expected inflation rate is zero so that money demand depends on the real interest rate. Find the equation for the IS curve (report your coefficients with one decimal place): Y=__ -__ r.
To find the equation for the IS curve, we need to equate output (Y) to desired consumption (C^d), desired investment (I^d), and government purchases (G).
The equation for the IS curve can be derived as follows:
Y = C^d + I^d + G
Substituting the given equations for C^d, I^d, and G, we have:
Y = (150 + 0.5(Y - T) - 500r) + (110 - 500r) + 80
Simplifying the equation, we can express it in terms of Y and r:
Y = 150 + 0.5Y - 0.5T - 1000r + 110 - 500r + 80
Combining like terms, we get:
Y = 340 + 0.5Y - 0.5T - 1500r
Since T = 110, we can substitute it into the equation:
Y = 340 + 0.5Y - 0.5(110) - 1500r
Simplifying further:Y = 340 + 0.5Y - 55 - 1500r
Moving 0.5Y to the left side and rearranging, we obtain:
0.5Y - Y = -285 - 1500r-0.5Y = -285 - 1500r
Multiplying both sides by -2, we get:Y = 570 + 3000r
Therefore, the equation for the IS curve is:Y = 570 + 3000r
The coefficients of the equation are 570 and 3000.
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Imagine you wish to invest in a friend's business, but you are not sure of the potential return on investment. You ask your friend to provide you with a business plan, in order to make your decision, what are you looking to find in the business plan to help make your decision? In other words, please explain in details, the definition, purpose and contents of a business plan.
The business plan is its contents, which include the definition, purpose, and what it is made up of. A business plan is a document that explains the potential return on investment of a business.
It is usually prepared by entrepreneurs, businesses, or investors seeking to establish a business or expand an existing one. A business plan's purpose is to convince potential investors or lenders to fund your company by demonstrating that it is a good investment. As a result, a good business plan must present the company's business concept, sales plan, marketing strategy, and financial projections. These documents should be supported by market analysis and industry benchmarks. Additionally, the document should provide an overview of your competition and how your product or service distinguishes itself from theirs. Furthermore, a business plan should contain the following sections: Executive Summary: This provides a brief overview of the company and its goals. Business Description: This outlines the company's mission statement, legal structure, and background information on the industry and its location. Market Analysis: This examines the current state of the market, how your company fits into it, and what competitors are currently doing. Organization and Management: This section details the company's organizational structure, employee roles, and management team's experience and qualifications. Product or Service: This describes the company's product or service in detail.
Marketing and Sales: This outlines the company's sales plan and marketing strategy. Financial Projections: This section provides an overview of the company's financial performance, including balance sheets, income statements, cash flow statements, and projections. It also includes a break-even analysis.
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A pension plan in which contributions are made at a fixed rate for each employee is called:
A pension plan in which contributions are made at a fixed rate for each employee is called a defined contribution plan.
A defined contribution plan is a type of retirement plan in which the employee or employer (or both) contributes a set amount to the employee's individual account. The amount is usually determined by a fixed percentage of the employee's salary or earnings and is often tax-deductible. In a defined contribution plan, the payout amount is not predetermined and depends on the performance of the investments in the account.
The employee then invests the money in a variety of investments, such as stocks, bonds, and mutual funds, with the goal of achieving growth over time. The employee is responsible for managing the account and assumes the risk of investment loss or gain. A defined contribution plan is different from a defined benefit plan, in which the employee is promised a set payout amount upon retirement, regardless of the contributions made to the plan.
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1. A student wants to develop 3-sigma level variable control charts for monitoring firewood length. Due to uneven shape of firewood, length of wood varies. Draw X-bar chart and R-chart. For both charts, calculate UCL, CL and LCL by using the factors provided in the table (standard deviation for process is unknown). Is the process under control? Discuss your finding.
Length in inches from 4 weeks with a sample size of 3 (3 observations each time, n=3) are:
The X-bar chart and R-chart for monitoring firewood length are drawn using a sample size of 3. However, since the standard deviation of the process is unknown, the UCL, CL, and LCL cannot be calculated accurately.
To construct the X-bar chart and R-chart, we need the standard deviation of the process. However, in this case, the standard deviation is not provided. Without the standard deviation, we cannot calculate the control limits (UCL, CL, and LCL) accurately.
The X-bar chart is used to monitor the central tendency or average of the process, while the R-chart monitors the process variability. Both charts rely on the standard deviation to determine the control limits.
To determine if the process is under control, we typically compare the observed data points to the calculated control limits. If the data points fall within the control limits, the process is considered in control. If the data points exceed the control limits or show a specific pattern, it indicates an out-of-control process.
In this case, since we don't have the standard deviation and cannot calculate accurate control limits, it is not possible to determine if the process is under control based on the X-bar and R-charts alone. To evaluate the process control, it would be necessary to obtain the standard deviation or additional data to calculate the control limits accurately and analyze the stability of the process.
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Please finish question (40) to (45) using the following information. XYZ Inc. manufactures Basic and Deluxe models and is considering a switch to activity-based costing. It has identified the followin
Please solve questions (40) to (45) using the following information. XYZ Inc. produces Basic and Deluxe models and is considering switching to activity-based costing methods. The company has identified the following activities that contribute to overhead costs.
- Purchase of raw materials- Machine setup- Quality testing- MarketingFor each activity, the company has determined the total costs and the corresponding cost drivers. The data is as follows:
| Activity | Total Cost | Cost Drivers | Number of Cost Drivers ||-----------|-------------|-----------------|----- -------------------|| Purchase of raw materials | IDR 200,000,000 | Number of purchase orders | 10,000 || Machine setup | IDR 150,000,000 | Number of machine setups | 5,000 || Quality testing | IDR 100,000,000 | Number of testing hours | 20,000 || Marketing | IDR 50,000,000 | Number of products sold | 100,000 |In addition, the company also has information regarding Basic and Deluxe products as follows:
| Products | Selling Price | Raw Material Cost per Unit | Direct Labor Cost per Unit | Number of Units Produced and Sold | Number of Purchase Orders | Number of Machine Setups | Number of Testing Hours ||--------|------------|--------------------------- |--------------------------------------|--------- ------------------------------|-------------------- -----|-----------------------|------------------- --|| Basic | IDR 500 | IDR 100 | IDR 50 | 80,000 | 4,000 | 2,000 | 8,000 || Deluxe | IDR 800 | IDR 200 | IDR 100 | 20,000 | 6,000 | 3,000 | 12,000 About CompanyCompany is the place where production activities occur and the gathering of all factors of production of goods and services. There are companies that are registered with the government and there are those that are not. For companies registered with the government, they have a business entity for the company.
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