1. Oman Air has a hierarchical organizational structure with various functional departments and levels.
2. Democratic management would be the most ideal culture.
3. This would create a sense of belonging, pride, and motivation among the employees, which would lead to increased productivity and profitability.
Oman Air is the national carrier of Oman, established in 1993.
It follows a centralization organizational structure in which top management has the power of decision-making. This type of organizational structure enables Oman Air to streamline its operations and make informed decisions quickly.
Based on the module learnings, Oman Air's current organizational structure is ideal for the company. It allows for effective communication, faster decision-making, and centralized control.
The functional departments and levels in the organization structure allow for proper delegation of duties and responsibilities.
The organization culture in Oman Air is a market culture. It is characterized by a focus on competition and getting things done efficiently and quickly. This culture is ideal for an airline company as it allows for quick decision-making and streamlining of operations.
However, an adhocracy culture would be the most ideal culture for Oman Air. This culture allows for innovation, risk-taking, and creativity, which would enable Oman Air to keep up with the dynamic aviation industry.
If I were the leader of Oman Air, I would use a democratic management style. This style allows for the participation of employees in decision-making, which leads to increased job satisfaction and motivation.
Additionally, I would motivate the employees of this organization by providing them with training and development opportunities, performance-based rewards, and clear communication of company goals and objectives.
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PLEASE ONLY ANSWER # 5, other questions are answered and meant to assist with #5
Part A: Financial Statement Analysis - Analyze and explain the content of financial statements and financial ratios for this healthcare organization. *** Goldenview’s Financial Statements Provided Above.
Identify at least three financial strengths and three financial weaknesses for Goldenview Health System. Support your claims with specific information presented in the financial or operating data statements, and cite reasoning from your textbook. (20 pts)
These are the financial Strengths:
LOW DEBT EQUITY RATIO
REASON- The ideal debt equity ratio is 2:1 but the debt-equity ratio of the company is .6675:1.This shows that company is very less dependent on external sources of funds and is able to generate funds through internal operations.
HIGH RETURN ON EQUITY
REASON- The RETURN ON EQUITY OF COMPANY is 846.35 %. This reflects the strong margins and scope of high growth for the company.
HIGH PROFITABILITY.
REASON- The profitability of company is very high as is reflected by the profit margin i.e. 38.856% This show low expense ratio and high efficiency of company
These are the financial weaknesses:
DECLINE IN REVENUES- The revenue of company has fallen from 76760984$ in 2019 to 68049234$ in 2020.
This show company is not able to maintain its revenue.
INCREASE IN EXPENSES- While there is decrease in sales , there is rise in expenses from 37570625$ in 2019 to 41107542 $ in 2020. This shows the company is nor able to maintain its high efficiency.
DECREASE IN PROFIT- There is decline in profit from 38690359 in 2019 to 26441629 in 2020. This reflects company's profit growth is negative and is not in positive direction.
Calculate the following profitability ratio for 2020: a) total margin and b) the return on equity (ROE). (10 pts)
Total Margin for 2020 = 26441692/68049234
=38.856%
b) Return on Equity
=NET PROFIT/NET ASSETS
= 2644169/3124201
=846.35%.
Calculate the following debt and asset management ratios for 2020: a) total asset turnover, b) debt to equity ratio. (10 pts)
a) Asset Turnover Ratio
=TOTAL REVENUE/ TOTAL ASSETS
=68049234/5209691
=13.06 TIMES
b) Debt to Equity Ratio
=TOTAL DEBT/ NET ASSETS
=2085490/3124201
=.6675:1
Calculate the following operating indicators for 2020: a) revenue per discharge, b) profit per discharge, c) expense per discharge. (10 pts)
a) REVENUE PER DISCHARGE
=TOTAL REVENUE/ TOTAL DISCHARGES
=68049234/51948
=1309.949
b) PROFIT PER DISCHARGE
=TOTAL PROFIT/ TOTAL DISCHARGES
=26441692/51948
=509
c) EXPENSES PER DISCHARGE
=TOTAL EXPENSES/TOTAL DISCHARGES
=41107542/51948
=791.32
Discuss what’s changed from one fiscal year to the next. How have these changes impacted the organization’s financial standing?
The company needs to make effective strategies to maintain its revenue and efficiency and to improve the profits as well.
The following changes are seen in the fiscal year 2020:
There is a decline in sales from $76,760,984 to $68,049,234, which means that the company has not been able to maintain its revenue.
There is an increase in expenses from $37,570,625 in 2019 to $41,107,542 in 2020, meaning that the company has not been able to maintain its high efficiency.
Profit has decreased from $38,690,359 in 2019 to $26,441,629 in 2020, indicating that the company's profit growth is negative and is not in the right direction.Thus, these changes have impacted the organization’s financial standing negatively. The organization has not been able to maintain its revenue and efficiency. There is a decline in the profit of the company, which is negatively affecting the organization.
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You plan to open an ice cream store, which will open from 11 a.m. to 9 p.m. After market study, you learn that your average daily demand is 400 ice cream. (This means on average you can sell 400 ice cream in a day.) You also learn that on average each customer will purchase 2 ice cream, and each customer on average will spend 30 minutes in the store to finish the ice cream. Using calculation, find the proper store size for your ice cream store. (That means at least what number of customers you store can hold at a time?) Use Excel for calculation and label your final answer.
The proper store size for the ice cream store is at least 200 customers. This calculation is based on the average daily demand of 400 ice creams, with each customer purchasing 2 ice creams.
Since each customer spends 30 minutes in the store, the store needs to accommodate at least half of the customers at a time, resulting in a minimum store size of 200 customers.
To calculate the proper store size for the ice cream store, we need to consider the average daily demand, the number of ice creams each customer purchases, and the time each customer spends in the store.
Given that the average daily demand is 400 ice creams, and each customer purchases 2 ice creams on average, we can deduce that there are approximately 200 customers visiting the store each day (400 ice creams / 2 ice creams per customer).
Now, considering that each customer spends 30 minutes in the store to finish their ice cream, we need to determine how many customers the store can accommodate at a given time.
Since each customer spends 30 minutes, it means that within an hour, two customers can finish their ice creams. Therefore, the store can accommodate 2 customers per hour.
As the store operates from 11 a.m. to 9 p.m., which is a total of 10 hours, we can multiply the number of customers per hour (2 customers) by the number of operating hours (10 hours). This gives us a capacity of 20 customers.
However, we need to account for the fact that customers may not arrive exactly at the start of each hour, and there may be some overlap in their arrival times. To ensure that the store can handle the average daily demand, it's reasonable to assume that the store needs to accommodate at least half of the customers at a time. Therefore, the minimum store size would be 200 customers (20 customers per hour * 10 operating hours * 0.5).
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Any inconsistencies between emotions people feel and emotions that have to be projected can be understood as: O Felt emotions O Emotional dissonance O Emotional tasks
O B and C O All of the above
Any inconsistencies between the feelings individuals feel and the feelings they need to project can be perceived as emotional dissonance.
The option (B) is correct.
Emotional dissonance refers to the distress or struggle that emerges when there is a bungle between an individual's interior personal state and the feelings they are supposed to show in a specific circumstance.
This can happen when people are expected to communicate good feelings, like bliss or excitement, regardless of whether they truly have that impression. These irregularities can prompt profound work, where people should oversee and control their feelings to live up to cultural or authoritative assumptions.
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This question is not complete, Here I am attaching the complete question:
Any inconsistencies between emotions people feel and emotions that have to be projected can be understood as:
(A) Felt emotions
(B) Emotional dissonance
(C) Emotional tasks
(D) B and C
(E) All of the above
As countries become wealthier and have higher standards of living. Maslow's Hierarchy of Needs contends that _____________ needs are likely to become the primary motivators of behavior.
a. Physiological and Safety
b. Safety and Esteem
c. Self-actualization and Esteem
d. Belongingness and Esteem
As countries become wealthier and have higher standards of living, Maslow's Hierarchy of Needs contends that self-actualization and esteem needs are likely to become the primary motivators of behavior. In Maslow's hierarchy of needs, there are five levels of human needs that are arranged in a pyramid.
The first two levels, physiological and safety needs, are basic human needs that must be met before higher-level needs can be met. After basic needs are met, the next three levels are focused on psychological needs. Social needs, self-esteem needs, and self-actualization needs are the three levels.
Therefore, it can be inferred that self-actualization and esteem needs become the primary motivators of behavior when people's basic needs are met and they feel secure. Countries with higher levels of economic development may be able to meet more of their citizens' basic needs, allowing individuals to focus on higher-level needs.
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In the section," applying the balance scorecard method to your own Human Capital" what are the 4 questions asked? Explain how the questions are used.
Human Capital Implementing the HR scorecard requires a change in perspective, from seeing people as a cost to seeing people as the company's most important asset to be managed-human capital. According to the Society of Human Resource Management's Research Quarterly, "A company's human capital asset is the collective sum of the attributes, Ilfo experience, knowledge, inventiveness, energy and enthusiasm that its people choose to invest in their work." As you can tell by the definition, such an asset is difficult to measure because It is intangible, and factors like "inventiveness are subjective and open to Interpretation. The challenge for managers, then, is to develop measurement systems that are more rigorous and provide a frame of reference. The metrics can range from activity-based (transactional) metrics to strategic ones. Transactional metrics are the easiest to measure and include counting the number of new people hired, fired, transferred, and promoted. The measures associated with these include the cost of each new hire, the length of time and cost associated with transferring an employee, and so forth. Typical ratios associated with transactional metrics include the training cost factor (total training cost divided by the employees trained) and training cost percentage (total training cost divided by operating expense). But, these transactional measures don't get at the strategic Issues, namely, whether the right employees are being trained and whether they are remembering and using what they learned. Measuring training effectiveness requires not only devising metrics but actually changing the nature of the training. The Bank of Montreal has taken this step. "What we're trying to do at the Bank of Montreal is to build learning into what it is that people are doing" said Jim Rush of the Bank of Montreal's Institute for Learning. The difficulty with training as we once conceived it is that you're taken off your job, you're taken out of context, you're taken away from those things that you're currently working on, and you go through some kind of training. And then you've got to come back and begin to apply that. Well, you walk back to that environment and it hasn't changed. It's not supportive or conducive to you behaving in a different kind of way, so you revert back to the way you were, very naturally." To overcome this, the bank conducts training such that teams bring in specific tasks on which they are working, so that they learn by doing. This removes the gap betwoon learning in one context and applying it in another. The bank then looks at performance Indices directly related to the bottom line. "If we take an entire business unit through a program designed to help them learn how to Increase the market share of a particular product, we can look at market share and see if it improved after the training." Rush sald. Motorola has adopted a similar approach, using action learning in its Senior Executives Program. Action learning teams are assigned a specific project by Motorola's CEO and are responsible for implementing the solutions they design. This approach not only educates the team members but also lets them implement the ideas, so they're in a position to influence the organization. In this way, the training seamlessly supports Motorola's goals. As we can see in these examples, organizations need employees to apply the knowledge they have to activities that add value to the company. In planning and applying human capital measures, managers should use both retrospective lagginal and prospective leading) Indicators. Lagging indicators are those that tell the company what it has accomplished (such as documenting the effect that training had on a business unit's performance). Leading indicators are forecasts that he see where it is headed. Leading indicators include employee learning and growth indices.
Correct. By addressing these questions, organizations can evaluate their management and development of human capital, create a motivating work environment, align systems with their vision, and sustain the momentum of their human capital.
In the section "applying the balance scorecard method to your own Human Capital," the four questions asked are: The questions are used to help organizations apply the balance scorecard method to their human capital by considering different spectives and areas of focus. They help organizations consider how they manage and develop their human capital to achieve their vision, create a motivating climate, align their systems to support their vision, and sustain momentum. By answering these questions, organizations can identify areas for improvement and develop strategies to achieve their goals.
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Describe any 4 books of original entry followed in business and
write with your own example by using the specific format
Four commonly used books of original entry are the sales journal, purchases journal, cash receipts journal, and petty cash book.
The books of original entry are utilized to record transactions and are also known as the primary books. It aids in the maintenance of accurate accounting records by capturing all financial transactions. The following are four books of original entry that are commonly used in business:
Sales journal: A sales journal is a book of original entry in which credit sales are recorded. Sales journals are used to record all sales on account and to summarize the amounts for each client's sales and are useful in tracking outstanding receivables. The sales journal's format is as follows: Date Details Credit sales Account Receivable Dr. Cr. Customer's name Invoice amount
Purchases journal: The purchases journal is a book of original entry in which all credit purchases are recorded. This book is used to record all purchases on credit and to summarize the amount of each supplier's purchases, which is useful in keeping track of outstanding payables. The format of the purchase journal is as follows:Date Details Purchases Account PayableDr. Cr. Supplier's name Invoice amount
Cash receipts journal: Cash receipts journal is a book of original entry in which all cash received is recorded. Cash receipts are documented in the cash receipts journal, which summarizes each deposit made to the bank account. The cash receipts journal's format is as follows:Date Details Cash received Customer nameDr. Cr. Cash in hand/Bank Ammount paid
Petty cash book: A petty cash book is a book of original entry in which all petty cash transactions are recorded. It's a small amount of cash kept on hand to cover minor expenditures such as postage, stationery, or tea and coffee. The format of a petty cash book is as follows:Date Details Petty Cash ExpensesDr. Cr. Petty Cash Expense account Ammount paidAn example of a purchase journal entry is:Date Details Purchases Account PayableDr. Cr. Supplier name Invoice amount 1-Feb XYZ Ltd 50000 50000You can see that the purchase journal entry is divided into four columns: date, details, purchases, and account payable. In this example, the purchase is made to XYZ Ltd for an invoice amount of Rs.50,000.
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8 Part of 15 0.66 points Book Prim Required information (The following information applies to the questions displayed below] Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: New materials $ 75,500
Work in process $ 19,400 Finished goods $ 59,400 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $14.00 per direct labor-hour was based on a cost formula that estimated $500,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year :
a. Raw materials were purchased on account, $606,000 b. Raw materials used in production, $561,200. All of of the raw materials were used as direct materials c. The following costs were accrued for employee services: direct labor, $510,000, indirect labor, $150,000; selling and administrative salaries, $257,000. d. Incurred various selling and administrative expenses (eg, advertising, sales travel costs, and finished goods warehousing). $382.000. e. Incurred various manufacturing overhead costs (e.g, depreciation, Insurance, and utilities) $410,000 f. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all jobs during the year. g. Jobs costing $1,558,300 to manufacture according to their job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a total of $3,075,000. The jobs cost $1,568,300 to manufacture according to their job cost sheets. 8. What is the total amount of actual manufacturing overhead cost incurred during the year?
The total amount of actual manufacturing overhead cost incurred during the year is $410,000.
In the given information, it is stated that the company incurred various manufacturing overhead costs amounting to $410,000. These costs include depreciation, insurance, utilities, and other expenses directly related to manufacturing operations. Manufacturing overhead costs are indirect costs that cannot be easily traced to specific jobs or units of production. They include expenses necessary for the overall functioning of the manufacturing process.
In job-order costing, manufacturing overhead costs are applied to production based on a predetermined overhead rate. However, the actual amount of manufacturing overhead cost incurred during the year can be different from the amount applied. The given information specifically states that the company incurred $410,000 in manufacturing overhead costs, indicating the actual amount spent on these expenses throughout the year.
Knowing the actual manufacturing overhead cost is important for accurate cost analysis, cost control, and decision-making within the company. It helps in evaluating the efficiency and effectiveness of the manufacturing process and ensures that the overhead costs are properly allocated to the production activities.
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Following the passage of the Tax Cut and Jobs Act, Bedford Inc., a small appliance manufacturing firm, is considering adding robotics into its assembly process. With the new tax law, companies can deduct 100 percent of qualified equipment for tax purposes while depreciating on a straight-line basis on their financial statements.
Currently, Bedford has $250.0 million in annual sales, generating a PM of 4.5 percent on sales and an ATO of 2.5. Bedford's engineering group believes the robotics can be installed and operational within the first few months of the year. Bedford’s CFO believes the robotics will reduce operating costs that would pass on to lower sale prices, yielding increases annual sales. The CFO estimates that investing $30 million in the robotics will increase sales by $16.5 million and increase the PM to 6.0 percent because fewer workers will be needed.
Based solely on the above financial consideration, explain whether or not you would recommend management consider upgrading automating its assembly process.
To assess whether Bedford Inc. should consider upgrading and automating its assembly process with robotics, evaluate the financial implications based on the provided information.
Current Financial Performance:
- Annual Sales: $250.0 million
- Profit Margin (PM): 4.5% on sales
- Asset Turnover (ATO): 2.5
With the introduction of robotics, the CFO estimates the following changes:
- Investment in robotics: $30 million
- Increase in sales: $16.5 million
- Increase in Profit Margin (PM): 6.0% on sales
To determine the impact on profitability, calculate the incremental profit resulting from the investment in robotics:
Incremental Profit = Increase in Sales * Increase in Profit Margin
Incremental Profit = $16.5 million * (6.0% - 4.5%)
Incremental Profit = $16.5 million * 1.5%
Incremental Profit = $0.2475 million
Considering the investment of $30 million in robotics, the incremental profit of $0.2475 million may not be sufficient to justify the investment solely based on financial considerations.
However, there are other potential benefits to consider beyond the financial aspect, such as increased operational efficiency, improved product quality, and reduced reliance on manual labor. These non-financial factors could play a significant role in the decision-making process.
Ultimately, the recommendation to upgrade and automate the assembly process with robotics should involve a comprehensive evaluation, taking into account both financial and non-financial factors.
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A 5% coupon bond is being offered on a 6% basis. If interest rates for similar bonds fall below 6%, the basis for this bond will:
A. increase
B. decrease
C. be unaffected
D. be volatile
A 5% coupon bond is being offered on a 6% basis. If interest rates for similar bonds fall below 6%, the basis for this bond will decrease. correct answer is B. decrease.
What is a bond? A bond is a security that represents a debt. It is also referred to as a fixed income security. It is used by businesses, municipalities, and governments to raise money by borrowing money from investors. In general, bonds pay interest at fixed intervals at a fixed rate to the bondholder. The issuer of the bond agrees to repay the principal amount borrowed at a set date in the future. Types of Bonds: There are three main types of bonds: Corporate Bonds: These bonds are issued by businesses to raise funds for various purposes. Government Bonds: Governments use bonds to finance infrastructure projects and to fund other projects. Municipal Bonds: These are bonds issued by cities or other local governments to finance projects that benefit their residents. What is a coupon bond? A coupon bond is a type of bond that pays interest at regular intervals until it matures. The interest rate on a coupon bond is called the coupon rate. The issuer of the bond agrees to pay the bondholder the face value of the bond at maturity. A coupon bond is also known as a bearer bond. What is the Basis of a Bond? The basis of a bond refers to the difference between the yield of a bond and the yield of a comparable Treasury security. This is also known as the bond's yield spread. The basis of a bond is expressed as a percentage. When interest rates for similar bonds fall below 6%, the basis for this bond will decrease. This means that the yield of the bond will increase.
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Beta is a measurement of...
A.The standard deviation of a company's stock price
B.A company's profitability relative to its competitors
C.The credit rating on a company's bonds
D.A company's diversifiable risk
E.The behavior of a company's stock compared to the entire stock market
Beta is a measurement of the behavior of a company's stock compared to the entire stock market. In other words, it is an indicator of how much a particular stock moves in relation to movements in the broader market. Beta is used as a tool to evaluate a stock's risk in comparison to the market as a whole.
A beta of 1 means that a stock will move in tandem with the overall market. A beta less than 1 means that the stock is less volatile than the overall market, while a beta greater than 1 indicates a higher degree of volatility.
Investors can use beta to evaluate the risk of an individual stock, as well as to evaluate the risk of their portfolio as a whole. Therefore, the correct option is (E) The behavior of a company's stock compared to the entire stock market.
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calculate the volume of carbon dioxide produced when 1.00g of calcium carbonate reacts with 20.0 cm3 of 2.00 mol dm-3
The answer is less than the volume of HCl used because the temperature and pressure of the reaction are not standard conditions (S.T.P).
The balanced chemical equation for the reaction is as follows:CaCO3 (s) + 2HCl (aq) → CaCl2 (aq) + CO2 (g) + H2O (l)Molar mass of CaCO3 = 100.09 g/molMolar volume of a gas at S.T.P = 22.4 L/molGiven,Mass of CaCO3 = 1.00gVolume of HCl = 20.0 cm³Concentration of HCl = 2.00 mol/dm³i.e., number of moles of HCl = 2.00 × (20/1000) = 0.04 molFrom the equation, we see that,1 mole of CaCO3 produces 1 mole of CO2Thus, 0.02 mol of CaCO3 produces 0.02 mol of CO2i.e., mass of CO2 = 0.02 × 44.01 = 0.8802 gVolume of CO2 at S.T.P = (22.4/1000) × 0.02 = 0.000448 L= 0.448 cm³Therefore, the volume of carbon dioxide produced when 1.00g of calcium carbonate reacts with 20.0 cm3 of 2.00 mol dm-3 HCl is 0.448 cm³.N.B. The answer is less than the volume of HCl used because the temperature and pressure of the reaction are not standard conditions (S.T.P).
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To find the present value of a cash flow expected to be paid or received in the future, you will the future value cash flow by (1+r)". What is the value today of a $12,000 cash flow expected to be received eight years from now based on an annual interest rate of 6%? $7,529 $11,670 $6,023 $19,126
The approximate present value of a future cash flow of $12,000 expected to be received in eight years, considering an annual interest rate of 6%, amounts to approximately $7,529. As a result, option A) $7,529 is the correct answer.
Present value (PV) refers to the current value of an expected income or cost stream, calculated at the valuation date. It involves discounting future cash inflows to their present value using a discount rate. This process is known as discounting.
The formula for calculating present value is expressed as follows:
The present value (PV) is obtained by dividing the future value (FV) by the factor of (1 + r)^n, where r represents the interest rate and n represents the number of years.
In this scenario, we can calculate the present value of a future cash flow of $12,000 that is expected to be received in eight years, taking into account an annual interest rate of 6%.
PV = $12,000 / (1 + 0.06)^8
PV = $12,000 / 1.5938
PV = $7,529 (Approximately)
Therefore, the approximate present value of a future cash flow of $12,000 expected to be received in eight years, considering an annual interest rate of 6%, amounts to approximately $7,529. As a result, option A) $7,529 is the correct answer.
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A firm is evaluating a proposal that has an initial investment of $50,000 and has cash flows of $15,000 per year for five years. The payback period of the project is:
A) 1.5 years
B) 4 years
C) 3.3 years
D) 2 years
The payback period of the project is 3.3 years. The correct option is (C).
The payback period is a capital budgeting measure that represents the length of time required for an investment to recover its initial cost. It is calculated by dividing the initial investment by the average annual cash inflows. The payback period indicates how quickly an investment will generate cash flows to recoup the initial investment and is often used as a simple measure of risk and liquidity. It is expressed in years and provides insight into the time it takes to recover the investment amount.
The payback period is calculated as follows:
Payback Period = Initial Investment / Annual Cash Flows
Given,
Initial Investment = $50,000
Annual Cash Flows = $15,000
Calculating the payback period:
Payback Period = $50,000 ÷ $15,000
Payback Period = 3.3 years.
Therefore, the payback period of the project is 3.3 years. So, the correct option is (C).
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Define the term 'damages' and explain the difference between
'liquidated' and 'un-liquidated damages'.
Damages refer to the amount of compensation awarded to a person for any injury or loss suffered by them. Liquidated damages are a predetermined sum of money whereas unliquidated damages are not predetermined.
Damages refer to the amount of compensation awarded to a person for any injury or loss suffered by them. There are two types of damages: liquidated and unliquidated damages. Liquidated damages refer to a predetermined sum of money that the parties have agreed upon in the contract, which will be awarded in the case of a breach. Liquidated damages are set out in the contract and are often easier to calculate as they are predetermined.
Unliquidated damages, on the other hand, are not predetermined and depend on the severity of the breach. These damages are often awarded in cases where the damages are not easily quantifiable or where the breach is more severe. Unliquidated damages are usually determined by the court after considering all the facts of the case.
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Donny offers to purchase Kyle's lava lamp collection for $2,500, the terms are set at $500 down and the remainder to be paid within 90 days. Kyle considers it a generous offer and would like to sell his collection but is concerned about Donny's ability to pay. To induce Kyle to sell the collection to Donny, Donny's sister, Marie, promises Kyle that if Donny doesn't pay in full she will. With this assurance, Kyle accepts Donny's offer. Which of the following is true? A. Marie's promise must be written to be enforceable
B. Marie is acting as an assignor.
C. The parties have created a collateral contract.
D. (All of the above)
E. A and C but not B.
The following is true from the given information: The parties have created a collateral contract. Marie's promise must be written to be enforceable. Thus, the correct option is (E) A and C but not B.
Explanation: Collateral Contract It's a legally binding agreement between two parties that is separate from the principal or original contract. This agreement is generally an assurance or guarantee that is given as an incentive to induce the other party to sign the primary contract. The collateral contract is generally enforceable if it satisfies the traditional criteria for creating a legally binding agreement. In the given case, Marie gives Kyle a guarantee that she will pay Donny's remaining $2,000 debt if he defaults on his $500 down payment. As a result, Donny and Kyle have created a collateral agreement.Marire's PromiseMarie's guarantee to pay the remaining balance of the debt if Donny defaults raises the question of whether or not her promise is enforceable. A collateral agreement is legally binding if it satisfies the traditional criteria for creating a legally binding agreement. Marie's promise is enforceable only if it meets all of the required legal criteria for an enforceable contract, including the writing requirement. As a result, Marie's promise must be written to be enforceable.AssignorIn the given case, Marie is not acting as an assignor. An assignor is someone who transfers his rights and interests in a contract to another person. However, Marie does not assign any rights or interests in the contract between Donny and Kyle, and therefore she is not acting as an assignor.
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Current Attempt in Progress At May 31, 2020, the accounts of Concord Company show the following. 1. May 1 inventories-finished goods $13,500, work in process $15,100, and raw materials $9,000. 2 May 31 inventories-finished goods $9,600, work in process $18,400, and raw materials $7.900. 3. Debit postings to work in process were direct materials $64,300, direct labor $50,400, and manufacturing overhead applied $40,600. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $216,100. (a) Prepare a condensed cost of goods manufactured schedule. CONCORD COMPANY Cost of Goods Manufactured Schedule CONCORD COMPANY Cost of Goods Manufactured Schedule 10 DOVE
The condensed cost of goods manufactured schedule for Concord Company would show a cost of goods manufactured amounting to $96,800. This represents the total cost of the goods that were completed during the period.
To prepare the condensed cost of goods manufactured schedule for Concord Company, we need to calculate the cost of goods manufactured during the period. Here's the breakdown of the schedule:
Beginning Work in Process Inventory: Work in process inventory on May 1: $15,100
Direct Materials: Raw materials used: Opening raw materials inventory + Purchases - Ending raw materials inventory Raw materials used: $9,000 + Purchases - $7,900 = $9,100
Direct Labor: $50,400
Manufacturing Overhead: $40,600
Total Manufacturing Costs: Direct materials + Direct labor + Manufacturing overhead Total Manufacturing Costs: $9,100 + $50,400 + $40,600 = $100,100
Total Cost of Work in Process: Beginning work in process inventory + Total manufacturing costs Total Cost of Work in Process: $15,100 + $100,100 = $115,200
Ending Work in Process Inventory: $18,400
Cost of Goods Manufactured: Total Cost of Work in Process - Ending Work in Process Inventory Cost of Goods Manufactured: $115,200 - $18,400 = $96,800
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describe the internal controls that a specific
company has. (ex. Chipotle, Jewel-Osco, Ulta...)
Internal controls constitute the systems, guidelines, and practises that a specific organisation employs in its regular operations to uphold the accuracy of its financial and accounting data, encourage accountability, and thwart fraud.
Since there have been many instances of financial fraud in the past, the government and other stakeholders have been tasked with ensuring the financial integrity of the organisation. By doing this, not only are government regulations and laws upheld but also the likelihood of employee-level fraud is decreased.
The internal control requirements for large grocery chains like Jewel osco are fairly basic, i.e. at the store level. Some examples of the internal controls that need to be implied include 1. Segregation of duties: The cashier at the counter is obligated to inform anyone else when the business is closed for the day.
2. Audits: Regular audits of various stores' internal controls will help determine them.
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You were considering a project with cash flows of &-95,000, $32,400, $14,600, $39,200, $42,800 for year 0 to 4 respectively. If the required rate of return for this kind of investment is 10% what is the profitability index
The profitability index for the project with given cash flows for years 0 to 4, and a required rate of return of 10% is approximately 0.0405.
The profitability index is a measure used to assess the desirability of an investment project. A profitability index greater than 1 indicates that the project is expected to be profitable, while a value less than 1 suggests that the project may not generate sufficient returns.
Basically, profitability index (PI) is a financial metric used to assess the profitability of an investment project. It is calculated by dividing the present value of future cash flows by the initial investment. In this case, we have the following cash flows for years 0 to 4: -$95,000, $32,400, $14,600, $39,200, and $42,800, respectively.
To calculate the profitability index, we need to determine the present value of these cash flows. The present value (PV) is calculated by discounting each cash flow using the required rate of return, which is given as 10%. We can use the following formula to calculate the present value:
PV = CF / (1 + r)^n
Where PV is the present value, CF is the cash flow, r is the required rate of return, and n is the time period.
Using this formula, we can calculate the present value for each cash flow:
PV0 = -$95,000 / (1 + 0.10)^0 = -$95,000 (since it is the initial investment)
PV1 = $32,400 / (1 + 0.10)^1 = $29,454.55
PV2 = $14,600 / (1 + 0.10)^2 = $11,287.60
PV3 = $39,200 / (1 + 0.10)^3 = $28,527.56
PV4 = $42,800 / (1 + 0.10)^4 = $29,675.04
Now, we can calculate the sum of the present values of the cash flows:
Sum of PVs = PV0 + PV1 + PV2 + PV3 + PV4
= -$95,000 + $29,454.55 + $11,287.60 + $28,527.56 + $29,675.04
= $3,845.75
Finally, we can calculate the profitability index by dividing the sum of the present values by the initial investment:
Profitability Index = Sum of PVs / Initial Investment
= $3,845.75 / -$95,000
≈ 0.0405
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1. Which of the following statements is true?
Multiple Choice
a. The market share variance is more controllable by the marketing department than the industry volume variance.
b. The industry volume variance is the portion of the sales activity variance due to a change in the company's proportion of sales in the markets in which they operate.
c. The industry volume variance is likely a better measure of marketing department performance than the market share variance.
d. If the industry volume variance is favorable, the market share variance must also be favorable.
The following statement is true about Industry Volume Variance: "The industry volume variance is the portion of the sales activity variance due to a change in the company's proportion of sales in the markets in which they operate." Therefore, option B is correct.
The industry volume variance is a measure of the change in the total sales of a product of a company in comparison to the change in the total sales of the industry. In contrast, the market share variance is a measure of the change in the sales of a company's products in comparison to the change in the industry's sales volume.
Therefore, the industry volume variance is usually a better measure of the marketing department's performance than the market share variance. The marketing department has a more significant influence on the market share variance than on the industry volume variance. Therefore, option A is incorrect. In addition, option C is incorrect because the market share variance is less controllable by the marketing department than the industry volume variance. Option D is incorrect because a favorable industry volume variance does not guarantee a favorable market share variance.
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Replenishing the petty cash fun requieres:
Replenishing the petty cash fund requires (C8 LO2) Seleccione una: a. a debit to Cash. O b. a credit to Petty Cash. OC. a debit to various expense accounts. O d. no accounting entry.
Replenishing the petty cash fund requires (C8 LO2) c. a debit to various expense accounts. Therefor the correct option is: c. a debit to various expense accounts.
Replenishing the petty cash fund involves reimbursing the fund for the expenses incurred. This requires recording the expenses in the appropriate expense accounts.
1. When replenishing the petty cash fund, you would debit various expense accounts to reflect the nature of the expenses that were paid using petty cash. This ensures that the expenses are properly recorded and classified in the financial statements.
2. By debiting the expense accounts, you are increasing their balances, which accurately reflects the amount spent from the petty cash fund. This replenishment helps maintain an accurate record of the company's expenses and ensures that the petty cash fund is adequately funded for future use.
Therefore, the correct answer is a debit to various expense accounts, as it captures the expenses paid using petty cash and replenishes the fund.
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Solving LP problems in Excel requires a. no additional add-ins. b. predictions about the future. step-by-step formulation. c. O d. only copy and paste operations.
Solving LP (Linear Programming) problems in Excel requires The statement that says that it requires no additional add-ins, predictions about the future or only copy and paste operations are not accurate as it is not a sufficient method to solve an LP problem. (C)
LP problems are solved by using linear programming solver, which is an add-in in excel that requires activation in order to use it. Furthermore, predictions about the future are not involved in solving LP problems in Excel. Hence, option c is correct.formulation is the correct way to solve an LP problem in excel.
It involves defining the decision variables, constraints, objective function, and the feasibility region. These steps should be followed carefully to ensure the correct solution to the problem.
The linear programming solver tool in excel uses the Simplex method algorithm to find the optimal solution to the LP problem. (C)
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1 point Kelly Inc. purchased equipment for $400,000, the useful life of the equipment is 10 years and the residual value is $20,000. What is the book value at the end of year 2, using straight line de
The depreciation expense in the first year using the double-declining method is $80,000.
We have the following information from the question is:
Kelly Inc. purchased equipment for $400,000.
The useful life of the equipment is 10 years and the residual value is $20,000.
We have to find the depreciation expense in the first year.
Now, According to the question:
Determine the straight-line depreciation rate:
Straight-line rate = 100% / 10 years = 10%
Double the straight-line rate to get the double-declining rate.
Double-declining rate = 2 × 10% = 20%
Apply the double-declining rate to the initial cost of the equipment.
Depreciation expense (first year) = $400,000 × 20% = $80,000
Hence, the depreciation expense in the first year using the double-declining method is $80,000.
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Here's some info for a company:
-Cash : $10,000
-Accounts Payable: $150,000
-Inventory: $100,000
-Accounts Receivable: $90,000
-Short Term Marketable Securities: $50,000
What is the company's quick ratio
Quick Ratio = (Quick Assets) / Current Liabilities= $150,000 / $150,000= 1.0
The company's quick ratio can be calculated by using the formula below:
Quick Ratio = (Short-term Marketable Securities + Accounts Receivable + Cash) / Current Liabilities
Or in other words, Quick Ratio = (Quick Assets) / Current Liabilities
The given data is as follows:
Cash: $10,000
Accounts Payable: $150,000
Inventory: $100,000
Accounts Receivable: $90,000
Short-term Marketable Securities: $50,000
The quick assets are the sum of cash, accounts receivable, and short-term marketable securities.
Therefore,Quick Assets = Cash + Accounts Receivable + Short-term Marketable Securities= $10,000 + $90,000 + $50,000= $150,000
The current liabilities are the sum of accounts payable,Therefore, Current Liabilities = Accounts Payable= $150,000
Therefore,Quick Ratio = (Quick Assets) / Current Liabilities= $150,000 / $150,000= 1.0
Answer: 1.0
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Given the following income statement data:
Net sales = $410,000, cost of goods sold = $245,000, operating expenses = $75,000, depreciation = $35,000, interest expense = $24,500, tax rate = 34%
a)Calculate operating cash flow.
b) Is this company able to cope with a short-term downturn in profitability? Explain your answer.
Radley Co. issued an 18-year, 6% bond one year ago. It has annual interest payments. It is currently trading at 130% of par. Yield to maturity is 5.0%. The bond can be called one year after issue at $1050.
a) What is yield to call?
b) Where can you find the terms for the callable bond?
a) Yield to call refers to the yield that a callable bond provides in the event that the bond is called before its maturity date. It is the rate of return that the bondholder would receive if the bond issuer chooses to call back the bonds prior to their scheduled maturity date.
The yield to call is typically higher than the yield to maturity, which is the yield that a bondholder would receive if they held the bond until it matured naturally.
b) The terms for a callable bond can usually be found in the bond's prospectus, which is a legal document that provides information about the bond's features, terms, and conditions. This document can be obtained from the issuer or from the regulatory body that oversees securities trading in a particular jurisdiction.
The prospectus will typically provide information about the bond's maturity date, interest rate, coupon payment frequency, credit rating, and any call provisions that may be in effect. It is important for investors to review the prospectus carefully before investing in a bond to understand the risks and potential rewards associated with the investment.
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Middle managers should be dealing with the aspect of O A. conceptual B. technical O C. human D. controlling O E. interpersonal skills the most on a daily basis.
The most relevant aspect for middle managers on a daily basis is the application of human skills to effectively lead and manage their teams.
the aspect of human skills ( c) is the most relevant for middle managers on a daily basis.
human skills refer to the ability to work effectively with people, understand their needs, motivate and inspire them, resolve conflicts, and build strong relationships. middle managers typically have a dual role, as they serve as a bridge between upper management and frontline employees. they are responsible for implementing organizational strategies and objectives while also supervising and coordinating the work of their teams.
middle managers spend a significant portion of their time interacting with employees at various levels of the organization, addressing their concerns, providing guidance, and fostering a positive work environment. they need strong human skills to communicate effectively, build trust, and motivate their teams to achieve desired goals.
while conceptual skills ( a) are also important for middle managers to understand the broader organizational context and make strategic decisions, and technical skills ( b) may be required depending on the specific industry or function, it is the human skills that are most crucial for middle managers in their day-to-day interactions with employees.
controlling skills ( d) and interpersonal skills ( e) are also important for middle managers, but they are subsets of human skills. controlling skills involve monitoring performance, ensuring adherence to organizational policies and procedures, and taking corrective actions when necessary. interpersonal skills encompass communication, teamwork, and building relationships, all of which fall under the broader umbrella of human skills.
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What are Wal-Mart’s strategic options? To what extent do these options exploit Wal-Mart’s competitive advantages? Please give a thorough analysis.
Wal-Mart’s strategic options are Low-cost leadership, Market expansion, E-commerce and omnichannel integration, and Private label and product diversification. These options exploit Wal-Mart’s competitive advantages to a massive extent.
Wal-Mart, as a global retail giant, has several strategic options to pursue and leverage its competitive advantages. These options include:
1. Low-cost leadership: Wal-Mart has built its reputation on offering everyday low prices to customers. By focusing on cost efficiencies in its supply chain, inventory management, and operations, Wal-Mart can continue to exploit its competitive advantage of providing value for money to customers.
2. Market expansion: Wal-Mart can pursue opportunities for geographical expansion by entering new markets or expanding its presence in existing markets. This allows the company to leverage its economies of scale and established supply chain to gain a larger market share and further strengthen its competitive position.
3. E-commerce and omnichannel integration: With the growing trend of online shopping, Wal-Mart can invest in its e-commerce capabilities and integrate its brick-and-mortar stores with online platforms.
By offering a seamless omnichannel experience to customers, Wal-Mart can capitalize on its extensive physical presence and brand recognition while meeting the evolving consumer preferences.
4. Private label and product diversification: Wal-Mart can continue to develop and expand its private label brands, offering customers a wide range of exclusive products. Additionally, diversifying its product offerings to include more non-grocery categories can help Wal-Mart attract new customers and increase sales.
These strategic options align with Wal-Mart's competitive advantages, including its massive scale, extensive distribution network, strong bargaining power with suppliers, and operational efficiencies.
By focusing on low-cost leadership, market expansion, e-commerce integration, and product diversification, Wal-Mart can effectively leverage its competitive advantages to drive growth, increase market share, and maintain its position as a dominant player in the retail industry.
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Part (a)
Can hydro energy be stored? What about other renewables? Why does it matter?
Part (b)
What are the similarities and differences between Feed-in-Tariffs and Renewable Portfolio Standards? Give an example of a location where FIT is used and one where there is an RPS.
The RPS policy has helped to create jobs, promote economic growth, and reduce greenhouse gas emissions in the state.
Hydro energy can be stored by pumped-storage hydroelectricity, which is one of the most common forms of large-scale energy storage. Other forms of renewable energy, such as solar, wind, and tidal energy, can also be stored using batteries, compressed air, and thermal energy storage. It is important to be able to store renewable energy because it allows for a consistent and reliable supply of energy even when the sun is not shining or the wind is not blowing. This ensures that the energy generated can be used at all times and not wasted. Part (b)Similarities between Feed-in-Tariffs (FIT) and Renewable Portfolio Standards (RPS): Both FIT and RPS promote the use of renewable energy sources to reduce greenhouse gas emissions and promote sustainability.
Both mechanisms encourage the development of renewable energy infrastructure in order to generate electricity and reduce reliance on fossil fuels. Differences between Feed-in-Tariffs (FIT) and Renewable Portfolio Standards (RPS): Feed-in-Tariffs (FIT) is a regulatory mechanism that provides financial incentives to renewable energy producers for feeding their excess energy into the grid. On the other hand, Renewable Portfolio Standards (RPS) is a policy mechanism that requires electricity suppliers to provide a certain percentage of their electricity from renewable energy sources.FIT is more effective in promoting renewable energy development in small markets, while RPS is more effective in promoting renewable energy development in large markets. Example of a location where FIT is used: Germany has been the world leader in FIT policy for over 20 years. It has helped Germany to become a global leader in solar, wind, and biogas energy production. Example of a location where there is an RPS: California has a 33% RPS target by 2020 and a 50% RPS target by 2030. The RPS policy has helped to create jobs, promote economic growth, and reduce greenhouse gas emissions in the state.
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You want to track investment in inventory. Recently, your company had $114 invested in inventory, and total assets of $1641. What percentage of its assets does it have invested in inventory? Enter your answer as a numbe between 0 and 100, carry it to two decimal places, and don't type in the % sign. For example, if you calculate 12.34% as your percentage, make sure to enter 12.34. Do not enter 0.1234. 1 points Save Answer
To calculate the percentage of assets invested in inventory, divide the value of inventory ($114) by the total assets ($1641) and multiply by 100. The result is 6.95%.
To calculate the percentage of assets invested in inventory, divide the amount invested in inventory ($114) by the total assets ($1641) and multiply by 100.
Percentage of assets invested in inventory = (Investment in inventory / Total assets) x 100
Plugging in the given values, we have:
Percentage of assets invested in inventory = (114 / 1641) x 100 = 6.94
Therefore, the company has approximately 6.94% of its assets invested in inventory.
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Secondary market sales of US government bonds by the Fed extract reserves from the banking system and as such qualify as open market sales. However primary market sales by the US Treasury Department do not extract reserves from the banking system and as such do not qualify as open market sales.
True
False
The statement that primary market sales by the U.S. Treasury Department do not extract reserves from the banking system and do not qualify as open market sales is false.
The statement is false. In both secondary market sales by the Federal Reserve (Fed) and primary market sales by the U.S. Treasury Department, reserves are extracted from the banking system, qualifying them as open market sales.
In the secondary market, when the Fed sells U.S. government bonds to commercial banks or other market participants, it reduces the reserves held by those banks. This reduction in reserves is a result of the banks using their funds to purchase the bonds, thereby transferring their reserves to the Fed. The purpose of these sales is to control the money supply and manage interest rates.
Similarly, in the primary market, when the U.S. Treasury Department sells new government bonds to investors, including commercial banks, it also extracts reserves from the banking system. Banks use their reserves to purchase the newly issued bonds, which results in a decrease in their reserve balances.
Both secondary market sales by the Fed and primary market sales by the U.S. Treasury Department impact the reserves of the banking system, making them open market sales. These activities play a crucial role in monetary policy and the management of the money supply.
Both secondary market sales by the Fed and primary market sales by the Treasury Department extract reserves from the banking system, qualifying them as open market sales.
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Which of the following statements about buying homeowners insurance is true?
A) There is no reason to carry insurance for more than 80 percent of a dwelling's replacement cost.
B) The deduction for depreciation will be increased if a personal property replacement cost endorsement is purchased.
C) Premiums often can be reduced substantially by selecting a higher deductible.
D) There is little reason to compare cost since the lack of competition results in little price variation among companies.
One of the true statements about buying homeowners insurance is that premiums often can be reduced substantially by selecting a higher deductible.
For example, if a homeowner has a $1,000 deductible, they will be responsible for paying the first $1,000 of any covered loss, and the insurance company will pay for any damages beyond that.
If the homeowner chooses a higher deductible of $2,000 or $3,000, their premiums will be lower because the insurance company is taking on less risk.
Lastly, the statement that there is little reason to compare cost since the lack of competition results in little price variation among companies is false. It is important to compare the cost of insurance policies from different companies to ensure that you are getting the best coverage at the best price.
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