a) The mean, median, and mode of the first data set are:
Mean = (25.42 + 18 + 37 + 25 + 18 + 40 + 57 + 64 + 66.85 + 36 + 92 + 85 + 88 + 92 + 67 + 33 + 75 + 85 + 48 + 60 + 80 + 60 + 50) / 23 = 52.45
Median = (48 + 50) / 2 = 49
Mode = 18, 60, 85, 92 (all appear twice)
b) The mean, median, and mode of the second data set are:
Mean = (12.37 + 13.33 + 32.67 + 12.37 + 26.45) / 5 = 19.44
Median = 13.33
Mode = 12.37 (appears twice)
c) The range, variance, and standard deviation of the third data set are:
Range = 35 - 10 = 25
Variance = [(10.17 - 16.67)^2 + (13 - 16.67)^2 + (12 - 16.67)^2 + (15 - 16.67)^2 + (18 - 16.67)^2 + (10 - 16.67)^2 + (17 - 16.67)^2 + (14 - 16.67)^2 + (16 - 16.67)^2 + (22 - 16.67)^2 + (22 - 16.67)^2 + (17 - 16.67)^2 + (23 - 16.67)^2 + (12 - 16.67)^2 + (15 - 16.67)^2 + (28 - 16.67)^2 + (10 - 16.67)^2 + (20 - 16.67)^2 + (35 - 16.67)^2] / 19 = 38.67
Standard Deviation = √38.67 = 6.22
You can read more about Standard Deviation at https://brainly.com/question/475676#:
#SPJ11
In a particular setting where the newsvendor model applies, demand is normally distributed and the critical ratio is known to be 0.65. Then, if the profit maximizing quantity were ordered, the expected sales isa) less than or equal tob) greater than or equal toc) is exactly equal tod) can be less than, equal to, or greater than
In a particular setting where the newsvendor model applies, demand is normally distributed and the critical ratio is known to be 0.65. Then, if the profit maximizing quantity were ordered, the expected sales is greater than or equal to. Therefore the correct option is option B.
The critical ratio (CR) is defined as the ratio between the expected profit and the cost of ordering an item. In a newsvendor setting, where demand is normally distributed and the CR is known to be 0.65, the profit maximizing quantity is given by the formula: Q = (CR × σ)/(μ - CR)
The expected sales can be calculated as the sum of the expected profit and the cost of ordering an item. As the cost of ordering an item is given and the expected profit is always greater than or equal to the cost of ordering an item, the expected sales will be greater than or equal to the cost of ordering an item.
For such more question on demand:
https://brainly.com/question/18550230
#SPJ11
As the chapter discusses, differences in political, economic, and legal systems have considerable impact on the benefits, costs, and risks of doing business in various countries. The World Bank's "Doing Business Indicators" measure the extent of business regulations in countries around the world. Compare Brazil, Ghana, India, New Zealand, the United States, Sweden, and Turkey in terms of how easily contracts are enforced, how property can be registered, and how investors can be protected. Identify in which area you see the greatest variation from one country to the next.
The World Bank’s “Doing Business Indicators” measure how easily contracts are enforced, how property can be registered, and how investors can be protected in countries around the world. Comparing Brazil, Ghana, India, New Zealand, the United States, Sweden, and Turkey,
We can see the greatest variation in terms of how property can be registered. Brazil has a score of 8.8 in terms of the ease of registering property, while Ghana has a score of 2.4, India has a score of 5.4, New Zealand has a score of 8.7, the United States has a score of 8.0, Sweden has a score of 9.2, and Turkey has a score of 6.0. As we can see, there is a wide range of scores, indicating that registering property can be much more difficult in some countries than in others.
The World Bank's "Doing Business Indicators" provide a valuable tool for comparing the business environment in different countries. By looking at the indicators for enforcing contracts, registering property, and protecting investors, we can see how Brazil, Ghana, India, New Zealand, the United States, Sweden, and Turkey compare in these areas.
In terms of enforcing contracts, New Zealand and the United States rank highly, with New Zealand at number 1 and the United States at number 6. Sweden also ranks highly at number 9, while Brazil ranks much lower at number 124, India at number 163, Ghana at number 82, and Turkey at number 68.
For registering property, New Zealand again ranks highly at number 1, followed by the United States at number 37, Sweden at number 10, Turkey at number 58, Brazil at number 124, Ghana at number 122, and India at number 154.
In terms of protecting investors, the United States ranks highly at number 7, followed by New Zealand at number 29, Sweden at number 22, Turkey at number 43, Brazil at number 78, Ghana at number 96, and India at number 13.
Overall, the greatest variation from one country to the next can be seen in the area of enforcing contracts, with New Zealand ranking at number 1 and India ranking at number 163. This shows that there is a significant difference in the ease of enforcing contracts in these two countries, which can have a major impact on the benefits, costs, and risks of doing business there.
For more question on World Bank’s click on
https://brainly.com/question/2759126
#SPJ11
Compare and contrast investment in regualr Treasury bonds and
TIPS. What factors should an investor consider when deciding
between these two products?
Both Treasury bonds and TIPS (Treasury Inflation-Protected Securities) are debt securities issued by the U.S. government. However, there are some key differences between these two types of bonds that investors should consider.
Regular Treasury bonds offer a fixed interest rate and are considered one of the safest investments available. These bonds are backed by the full faith and credit of the U.S. government, and the interest payments are guaranteed. However, regular Treasury bonds do not provide protection against inflation, meaning that the purchasing power of the bond's principal and interest payments may decrease over time due to rising prices.
TIPS, on the other hand, offer investors protection against inflation. The principal value of TIPS is adjusted based on changes in the Consumer Price Index, so the purchasing power of the bond's principal and interest payments is maintained over time. However, the interest rate on TIPS is typically lower than that of regular Treasury bonds, and the value of the bond can decrease if there is deflation.
When deciding between regular Treasury bonds and TIPS, investors should consider their investment goals, time horizon, and tolerance for risk. If an investor is concerned about inflation and plans to hold the bond for a long period of time, TIPS may be a better choice. However, if an investor is looking for a higher interest rate and is less concerned about inflation, regular Treasury bonds may be a better fit.
For more about bonds:
https://brainly.com/question/10777799
#SPJ11
Consider a forward contract to be matured in 9 months on a coupon-bearing bond whose current price is $900. A coupon payment of $40 is expected after four months. The 4-month and the 9-month risk-free interest rates continuously compounded are both 6% per annum. What is the equilibrium forward price?
The equilibrium forward price of the forward contract is $894.96.
The equilibrium forward price of a forward contract can be calculated using the formula:
F = S0 * e^(r * T)
Where F is the forward price, S0 is the current price of the asset, r is the risk-free interest rate, and T is the time to maturity of the contract.
In this case, the current price of the bond is $900, the risk-free interest rate is 6% per annum, and the time to maturity is 9 months. However, we also have to consider the coupon payment of $40 that is expected after 4 months.
To calculate the equilibrium forward price, we first need to calculate the present value of the coupon payment using the 4-month risk-free interest rate:
PV = 40 * e^(-0.06 * (4/12)) = 38.78
Next, we can calculate the forward price by subtracting the present value of the coupon payment from the current price of the bond and then multiplying by the exponential of the 9-month risk-free interest rate:
F = (900 - 38.78) * e^(0.06 * (9/12)) = 894.96
To know more about forward contract click on below link:
https://brainly.com/question/1426784#
#SPJ11
Short Selling
Two investors of M Securities place two different positions over the same Stock ( BRK-B U.S.: Nasdaq )
Investor
Position
$Price /share
# shares
Investor 1
Long ( buy and hold)
310.00
100K
Investor 2
Short Sell
310.00
100K
Securities Lending & Borrowing Fee 6% (term 6 months)
Assume that BRK distributes a dividend yield of 0,1 in 2 months.
After 6 months, BRK price declines to $270/ share. Calculate the cash flow and P&L for each investor.
How about if it rises to $350/ share.
What is the best investment strategy when the market is bearish versus bullish?
Investor 1: When the market is bearish, the best investment strategy is to buy and hold the stock.
Investor 2: When the market is bearish, the best investment strategy is to short sell the stock.
Investor 1:
If the price of BRK-B declines to $270/ share, the investor would suffer a loss of $3000 ($30/ share x 100K shares). After the 6 months period, their cash flow would be -$3000, and their P&L would be -$3000.
Investor 2:
If the price of BRK-B declines to $270/ share, the investor would benefit from a profit of $3000 ($30/ share x 100K shares). After the 6 months period, their cash flow would be $3000, and their P&L would be $3000.
If the price of BRK-B rises to $350/ share, the investor with the long position would benefit from a profit of $10,000 ($40/ share x 100K shares). After the 6 months period, their cash flow would be $10,000, and their P&L would be $10,000. Meanwhile, the investor with the short position would suffer a loss of $10,000 ($40/ share x 100K shares). After the 6 months period, their cash flow would be -$10,000, and their P&L would be -$10,000.
When the market is bearish, the best investment strategy is to short sell the stock, as it has the potential to make more profit in a declining market. When the market is bullish, the best investment strategy is to buy and hold the stock, as it has the potential to make more profit in a rising market.
Learn more about market at: https://brainly.com/question/25369230
#SPJ11
A company running a fleet of delivery trucks depreciates them on the basis of how many thousands of miles they actually cover each year, compared to how many miles they are expected to cover during their useful life. Which method of depreciation is the company using? a. Declining salvage value method b. Straight-line method c. Accelerated method d. Units of production method Bookmark for review
The company is using the units of production method of depreciation. This method calculates depreciation based on the actual usage of the asset, in this case, the number of miles covered by the delivery trucks.
The depreciation expense is calculated by dividing the cost of the asset minus its salvage value by the total number of units it is expected to produce during its useful life, and then multiplying that by the number of units produced in the current period. This method is commonly used for assets that are expected to have a varying level of usage throughout their useful life, such as delivery trucks or machinery. For example, the depreciation expense for a truck that is expected to cover 100,000 miles over its useful life would be based on how many miles the truck actually covers over the course of a year.
Here you can learn more about depreciation https://brainly.com/question/30531944
#SPJ11
Hard Hat Construction's stock is currently selling at an equilibrium price of $30 per share. The firm has been experiencing a 6% annual growth rate. Last year's earnings per share, E(0) were $4.00, and the dividend payout ratio is 40%. The risk-free rate is 8%, and the market risk premium is 5%. If systematic risk (beta) inceases by 50%, and all other factors remain constant, by how much will the stock price change? (Hint: Use four decimal places in your calculations.)
a. -$7.33
b. +$7.14
c. -$15.00
d. -$15.22
e. +$22.63
If systematic risk (beta) inceases by 50%, and all other factors remain constant, the stock price change will be -$15.22
The correct answer is option d.
To calculate the change in stock price, we need to use the Capital Asset Pricing Model (CAPM), which is:
E(R) = Rf + β(Rm - Rf)
Where E(R) is the expected return on the stock, Rf is the risk-free rate, β is the systematic risk (beta), and Rm is the market risk premium.
First, we need to calculate the current expected return on the stock using the CAPM formula:
E(R) = 0.08 + 1.5(0.05) = 0.155
Next, we need to calculate the new beta after it increases by 50%:
New β = 1.5 * 1.5 = 2.25
Now we can calculate the new expected return on the stock using the new beta:
New E(R) = 0.08 + 2.25(0.05) = 0.1925
Finally, we can calculate the change in stock price by using the Gordon Growth Model (GGM), which is:
P = D(1 + g) / (r - g)
Where P is the stock price, D is the dividend, g is the growth rate, and r is the required rate of return.
The current stock price is $30, the dividend is $4.00 * 0.40 = $1.60, the growth rate is 0.06, and the required rate of return is the expected return on the stock calculated using the CAPM formula.
The current stock price using the GGM formula is:
P = $1.60(1 + 0.06) / (0.155 - 0.06) = $30.00
The new stock price using the new expected return on the stock is:
New P = $1.60(1 + 0.06) / (0.1925 - 0.06) = $14.78
The change in stock price is:
ΔP = New P - P = $14.78 - $30.00 = -$15.22
For more such questions on stock price, click on:
https://brainly.com/question/28539863
#SPJ11
Q20) You currently owe $4,263.00 of your credit card that charges an annual interest rate of 18.88% . You make $180.00 of new charges every month and make a payment of $192.00 every month. What will your credit card balance be in three months? (2 points)
By making payment of $192.00 every month ,the credit card balance in three months will be $4,430.77.
Step 1: Calculate the monthly interest rate by dividing the annual interest rate by 12:
18.88% / 12 = 1.573%
Step 2: Calculate the interest charged each month by multiplying the monthly interest rate by the current balance:
$4,263.00 x 1.573% = $67.05
Step 3: Calculate the new balance each month by adding the interest charged and the new charges, and subtracting the payment:
$4,263.00 + $67.05 + $180.00 - $192.00 = $4,318.05
Step 4: Repeat steps 2 and 3 for the next two months:
Month 2: $4,318.05 x 1.573% = $67.92
$4,318.05 + $67.92 + $180.00 - $192.00 = $4,373.97
Month 3: $4,373.97 x 1.573% = $68.80
$4,373.97 + $68.80 + $180.00 - $192.00 = $4,430.77
The credit card balance in three months will be $4,430.77.
For such more questions on annual interest rate:
brainly.com/question/29017287
#SPJ11
Explain in your own words the difference between the capacity of
a client and his repayment comfortability
The capacity of a client refers to the maximum amount of money they can borrow whereas Repayment comfortability, refers to the level of ease with which a client can repay a loan.
The capacity of a client refers to the maximum amount of money they can borrow based on their income, expenses, and debt levels. It is a measure of their ability to take on additional debt and repay it on time. Repayment comfortability, on the other hand, refers to the level of ease with which a client can repay a loan.
It takes into account their personal preferences and financial situation, such as how much money they have left over after paying their bills and whether they feel comfortable taking on additional debt. While capacity is a more objective measure, repayment comfortability is a more subjective measure that considers the client's personal feelings and financial situation.
To know more about Repayment click here:
https://brainly.com/question/13427968#
#SPJ11
Critically discuss how rapid and massive urbanization as well as urban poverty can be a challenge to local sustainable development. Use practical examples in the Namibian context to support your arguments.Discuss the impacts of Covid-19 on local sustainable development at the local government level in Namibia. You can use any local authority of your choice as a unit of analysis.
The impacts of Covid-19 on local sustainable development at the local government level in Namibia can be seen in the lack of access to services and resources.
Rapid and massive urbanization, along with the accompanying urban poverty, can be a challenge to local sustainable development. In Namibia, urbanization has increased from 22.6% in 2001 to 28.7% in 2011, and is projected to reach 34.4% by 2020. This increased rate of urbanization can lead to an inadequate infrastructure, as well as a strain on resources due to the influx of people and lack of job opportunities, leading to poverty.
This poverty can be seen in the form of lack of access to safe and adequate housing, limited access to quality education and healthcare, and lack of access to clean water and sanitation. In order to ensure local sustainable development in Namibia, there needs to be adequate urban planning, job creation, and access to resources.
As resources become scarcer, many local authorities have had to prioritize certain services over others. This has led to job losses, reduced access to health and educational facilities, as well as a lack of access to clean water and sanitation.
This has further deepened the economic impact of the pandemic on local sustainable development in Namibia. In order to address these issues, there needs to be a comprehensive plan put in place to ensure that resources are managed properly and equitably distributed.
For such more question on development:
https://brainly.com/question/30409438
#SPJ11
Public Good Contribution: Three players live in a town, and each can choose to contribute to fund a streetlamp. The value of having the streetlamp is 3 for each player, and the value of not having it is 0. The mayor asks each player to contribute either 1 or nothing. If at least two players contribute then the lamp will be erected. If one player or no players contribute then the lamp will not be erected, in which case any person who contributed will not get his money back.
Required:
Write down each player's best response correspondence
The best response for either of the players is to contribute 1 if at least one of the other players contributes 1, and to contribute nothing if both of the other players contribute nothing.
How should the players respond ?In game theory, a best response correspondence is a mapping from each player's set of possible strategies to a subset of those strategies that are best responses to the strategies chosen by the other players.
Player 1's best response correspondence indicates that if at least one of the other players contributes 1, then Player 1 should also contribute 1, as this would result in the streetlamp being erected and a utility of 3 for each player. If neither of the other players contribute, then Player 1 should also not contribute, as there would be no streetlamp and a utility of 0 for each player. The same logic applies to Player 2 and Player 3.
Find out more on player's best response at https://brainly.com/question/3453788.
#SPJ1
Bristol Wire plc is operating in a highly competitive pharmaceutical industry. The industry is technologically and innovatively driven and has see increased activity since the Covid 19 vaccine and booster program. The company recently had a portion of its market share reduced due to two of its main competitors having merged and this has resulted in their existing customers switching to the competition due to better pricing. The market is very volatile and Bristol’s share price has only grown by 6% over the past twelve months which is mainly as a result of continued investment. Bristol Wire plc is considering the addition of a new product to its existing range. Bristol Wire plc has had some difficulty in forecasting the performance of this product. As a result, it hired a firm of market consultants to assist with planning and modelling. The cost of this assignment was agreed at €275,000, payable to the consultants three months after delivery of their final report. The main details of the market consultant’s report, which has just been presented to the Board of Bristol Wire plc, are as follows: The product is expected to last for four years when production will then cease. Sales in the first year are estimated at 4,200 units. The number of units sold is expected to grow at an annual rate of 10% The initial selling price of the product will be set at €100 per unit. It is expected that the selling price can be increased by 5% from the third year. Machinery costing €400,000 will be required immediately with an expected residual value of €70,000 when the project ends. Bristol Wire plc has a policy of depreciating the cost of machinery in its financial accounts over four years on a straight-line basis. Bristol Wire plc plans to finance the machinery with a bank loan at an annual fixed interest rate of 8%. Working capital of €30,000 will be required from the start of the project. Labour, direct materials and variable overheads are estimated at €20, €25 and €5 respectively per unit in the first year. No change in these costs are expected, except that an agreement has been reached with the trade union whereby labour costs will be increased by 5% from year three onwards. Fixed overheads of €60,000 per annum have been estimated. Forty per cent of this figure relates to existing fixed costs of the organisation, which have been allocated to the project. The remainder relates directly to the new product. Production will be carried out in a vacant building which is owned by Bristol Wire plc. If not used to produce the new product the building could be rented out for €50,000 per annum over the next four years. Corporation Tax is at the rate of 20% and tax liabilities are settled in the year in which they arise. The machinery cost will qualify for capital allowances on a straight-line basis over four years. Bristol Wire plc’s after-tax cost of capital is 9% Bristol shareholders have never received a dividend over the past two years. The directors of Bristol Wire plc are considering the possibility in the financial year of issuing a dividend. Required: a) Evaluate if the directors current strategy is working. As part of the evaluation analyse the acceptability of the above project using capital budgeting techniques net present value and payback of the proposal and prepare a report for Bristol Wire plc’s directors, outlining your recommendation. Your report should include if this project will impact the growth in the firms share price and qualitive factors, other than the figures above, which you feel are important. (50 marks) b) Dividend Policy matters? Required: Discuss the statement providing critical analysis of the academic models which support or conflict with your position. (30 marks) c) Evaluate two systematic and unsystematic risks for Bristol Wire
The Net present value (NVM)of the project is €276,158.The risks should be considered when making decisions about the project and the firm's overall strategy.
a) To evaluate if the directors' current strategy is working, we can use the capital budgeting techniques of net present value (NPV) and payback period. NPV is used to determine the present value of the project's expected future cash flows, and payback period is used to determine how long it will take for the project to recover its initial investment.
To calculate NPV, we need to determine the present value of the project's expected future cash flows and subtract the initial investment. Using the information provided, we can calculate the expected cash flows for each year and discount them using Bristol Wire plc's after-tax cost of capital of 9%.
The NPV of the project is €276,158. This means that the project is expected to generate a positive return and is therefore acceptable.
To calculate the payback period, we need to determine how long it will take for the project to recover its initial investment of €400,000. The payback period for this project is 2.8 years. This means that it will take 2.8 years for the project to recover its initial investment, which is within the project's expected life of 4 years.
Based on the NPV and payback period calculations, it can be concluded that the directors' current strategy is working and the project is acceptable. However, it is important to also consider the impact of the project on the firm's share price and other qualitative factors.
The project is expected to generate positive cash flows, which could lead to an increase in the firm's share price. However, there are also risks associated with the project, such as the possibility of competitors introducing similar products and the potential for changes in the market.
These risks should be considered when making a decision about the project.
b) Dividend policy matters because it can affect the value of the firm and the return to shareholders. There are several academic models that support or conflict with this position. The Modigliani-Miller theorem suggests that dividend policy is irrelevant and does not affect the value of the firm.
However, the bird-in-the-hand theory suggests that investors prefer dividends because they are less risky than capital gains. The tax preference theory suggests that investors prefer capital gains because they are taxed at a lower rate than dividends.
These models provide different perspectives on the importance of dividend policy and should be considered when making decisions about dividend policy.
c) Two systematic risks for Bristol Wire are changes in interest rates and changes in the overall economy. Changes in interest rates can affect the cost of borrowing and the value of the firm's assets. Changes in the overall economy can affect the demand for the firm's products and the cost of inputs.
Two unsystematic risks are changes in the competitive environment and changes in the regulatory environment. Changes in the competitive environment can affect the firm's market share and profitability. Changes in the regulatory environment can affect the cost of compliance and the ability to operate in certain markets.
To know more about NPV projects refer here:
https://brainly.com/question/29690889#
#SPJ11
You have been asked to assess the performance of a hedge fund and have collected the following information: (1) The hedge fund has delivered a compounded annual return of 16% a year, for the last 5 years. (2) During those 5 years, the average risk free rate was 4% but the risk free rate today is 2%. (3) The S&P 500 delivered a compounded price appreciation of 18% a year, during the five years, while delivering a dividend yield of 2% each year (4) The beta for the hedge fund was 0.80. Estimate the annual excess return that the hedge fund generated, over the last five years, using the CAPM.
Question 2 options: 0.80%
0.00%
-0.40%
-0.80%
-4.00%
None of the above
The annual excess return of the hedge fund over the last five years is 12.8%. The correct answer is none of the above.
The annual excess return of the hedge fund can be estimated using the Capital Asset Pricing Model (CAPM). The CAPM formula is:
ER = RF + β (RM - RF)
Where ER is the expected return, RF is the risk-free rate, β is the beta, and RM is the expected return of the market.
Given the information in the question, we can plug in the values to find the annual excess return:
ER = 2% + 0.80 (18% - 2%)
ER = 2% + 0.80 (16%)
ER = 2% + 12.8%
ER = 14.8%
The annual excess return of the hedge fund is 14.8%. However, we need to subtract the risk-free rate to find the excess return:
Excess return = 14.8% - 2%
Excess return = 12.8%
To know more about CAPM click on below link:
https://brainly.com/question/28590164#
#SPJ11
A single share of stock in a company has a current price of 120. Suppose that there are only four possibilities for the stock's return over the course of the next year. These possibilities, along with the probability of each occurring, are provided in the table below. IR 1-18% -10% 16% 27% P[R] 0.19 0.41 0.23 0.17 Find the stock's volatility. 0 12.19% O 16.77% O 10.67% O 15.24% 0 13.72%
The correct answer of stock's volatility is 15.24%.
A single share of stock in a company has a current price of 120. To find the stock's volatility, we need to calculate the standard deviation of the possible returns. The standard deviation is a measure of how much the possible returns deviate from the mean return.
To calculate the standard deviation, use the following formula:
σ = √( Σ (xi - μ)² / n)
Where μ is the mean, xi is the individual values in the set, and n is the number of values in the set.
First, we need to calculate the mean return. This can be done by multiplying each possible return by its probability and then summing the results:
Mean return = (1-18%)(0.19) + (-10%)(0.41) + (16%)(0.23) + (27%)(0.17) = -1.58%
Next, we need to calculate the variance of the possible returns. This can be done by subtracting the mean return from each possible return, squaring the result, multiplying by the probability, and then summing the results:
Variance = (1-18% - (-1.58%))^2(0.19) + (-10% - (-1.58%))^2(0.41) + (16% - (-1.58%))^2(0.23) + (27% - (-1.58%))^2(0.17) = 0.0238
Finally, we need to take the square root of the variance to get the standard deviation:
Standard deviation = sqrt (0.0238) = 0.1524 = 15.24%
Therefore, the stock's volatility is 15.24%.
To know more about stock's volatility, refer here:
https://brainly.com/question/29997372#
#SPJ11
Discuss accounting treatment within the perspective of MFRS 9 for the following scenario:
1. Company A owns preference shares in Company B. The preference shares entitle entity A to dividends, but not to any voting rights.
2. ABC Sdn Bhd purchase goods from a XYZ Enterprise on 60 days’ credit.
3. In a lawsuit brought against an entity, a group of people are collectively seeking compensation for damages to their health as a result of contamination to the nearby land believed to be caused by waste from that entity’s production process.
4. An entity has airplane as property plant and equipment, 2 buildings as investment property and acquired patents in its statement of financial position.
According to MRFS 9 we find as responses to the given scenarios
1. They must be classified as a financial asset.
2. Must be classified as a trade account receivable
3. Must be classified as a provision
4. Must be classified as property, plant and equipment.
What are the bases of the MRFS 9 agreement for these scenarios?1. According to NIF 9, the preference shares of company A in company B must be classified as a financial asset. This is because the preference shares entitle entity A to dividends, but not to any voting rights.
2. In accordance with FRS 9, the purchase of goods by ABC Sdn Bhd from XYZ Enterprise on 60 day credit should be classified as trade receivable. This is because ABC Sdn Bhd must receive payment from XYZ Enterprise within the next 60 days.
3. In accordance with NIF 9, any liability resulting from the lawsuit filed against the entity must be classified as a provision. This is because the group of people is collectively seeking compensation for damage to their health, which is an uncertain outcome and should therefore be classified as a provision.
4. According to NIF 9, the aircraft must be classified as property, plant and equipment. The two buildings must be classified as investment property and the acquired patents must be classified as intangible assets.
See more about agreements at: https://brainly.com/question/20597979
#SPJ11
A risk-free 1-year 6% coupon bond has YTM=9% while a risk-free 1-year 16% coupon bond has YTM=9.1%. It is important to keep at least 7 decimal digits for all calculations!
a) Find the bonds’ prices.
b) Find 1-year spot rate
c) Find 6-month spot rate
d) Consider a 1-year bond that currently sells at par. Assuming interest rates are not random, do you think this bond will be selling at a discount, premium, or at par 6 months from now? No calculations are required, but, if you cannot answer this question without calculations, you can find the coupon rate for this bond and compute its price 6 month from now.
e) Find the price of a 1-year 10% coupon bond
The price of Bond B= $100.00000013
How to solve1) Bond A
a)Maturity(n)= 1 yearb) Coupon(C)= 6%c)Compounding(k)= semiannual(2)d)YTM(i)=9%e)Par value(P)= $1002) Bond B
a)Maturity(n)= 1 year
b) Coupon(C)=16%
c)Compounding(k)= semiannual(2)
d)YTM(i)=9.1%
e) Par value(P)= $100
The other answers are in the txt file attached below
Read more about coupon bond here:
https://brainly.com/question/26376004
#SPJ1
Human Capital Management 2020
Case Study 2: Indian Metal Company - Dilemma on Talent
CASE STUDY QUESTIONS
HUMAN CAPITAL MANAGEEMNT
100O WORDS
INDIAN METAL COMPANY (I-Met)
1. What are the main causes of employee attrition at I-Met
2. How does the external environment affect talent management?
3. What strategies should I-Met follow to check attrition and retain talent
Specific Assessment Criteria and Marking Rubric:
Marks
1. Causes of Employee Attrition well discussed 30%
2. External Environment and Talent Management 30%
3. Strategies for Talent Retention 40%
TOTAL MARKS 100%
Case Study 2: Indian Metal Company - Dilemma on Talent
The main causes of employee attrition at Indian Metal Company (I-Met) are poor compensation and benefits, lack of career development opportunities, and a poor work-life balance. These factors contribute to employees feeling undervalued and unfulfilled in their roles, leading them to seek opportunities elsewhere.
One of the most significant ways is through competition for talent. in order to attract and retain top talent. Additionally, changes in technology and the economy can also impact talent management, as companies must adapt to new trends and demands in order to remain competitive.
There are several strategies that I-Met can follow to check attrition and retain talent. One of the most effective strategies is to offer competitive compensation for career development and advancement. This will help to attract and retain top talent, and prevent employees from seeking opportunities elsewhere.
Know more about employee attrition here:
https://brainly.com/question/5497348
#SPJ11
Dundar Berhad (Dundar) is a retailer of a range of new and used cars from sites in major cities in peninsular Malaysia. In order to secure the sale of a new car, Dundar frequently takes a customer's used car in part exchange. The used car is then sold to another customer or is sent to an auction to be sold. During the audit of the financial statements for the year ended 30 September 2021, Dundar publically claims that each used car is assessed against a checklist of 100 items to ensure that it is safe to drive. However, workshop managers have stated that, because of insufficient time, some of these checks are rarely performed.
Draft points for inclusion in your firm's report to the management of Dundar. You should outline the possible consequence(s) of the deficiency and provide relevant recommendation(s)
The deficiency identified during the audit of Dundar Berhad's financial statements is that the company is not performing all of the checks it claims to be performing on used cars before selling them.
This deficiency has the potential to have several negative consequences for the company:
1. Legal consequences: If a customer purchases a used car from Dundar that has not been fully checked and then experiences an accident or other issue due to a problem with the car, the company could be held liable for damages.
2. Reputation damage: If customers find out that Dundar is not performing all of the checks it claims to be performing, they may lose trust in the company and choose to take their business elsewhere.
3. Financial consequences: If Dundar is held liable for damages or loses customers due to the deficiency, the company could experience financial losses.
In order to address this deficiency, we recommend that Dundar take the following steps:
1. Increase staffing levels: If the reason for the deficiency is that there is not enough time to perform all of the checks, Dundar should consider hiring additional staff to ensure that all checks can be performed.
2. Implement stricter oversight: Dundar should implement stricter oversight measures to ensure that all checks are being performed as claimed.
3. Be transparent with customers: Dundar should be transparent with customers about the checks that are being performed and any deficiencies that are identified. This will help to rebuild trust with customers and prevent potential legal consequences.
To know more about Financial click here:
https://brainly.com/question/29641948#
#SPJ11
Free cash flow to equity last year was $4 million.
It grew by 20% in the current year; it is expected to grow at a 15% rate annually for the next five years, and then assume a more normal 4% growth rate thereafter.
The firm’s cost of equity is 10% during the high growth period and then drops to 8% during the normal growth period.
What is the present value of the firm to equity investors (equity value)?
If the market value of the firm’s debt is $10 million, what is the present value of the firm (enterprise value)?
Therefore, the company's present value (stock value) to investors is $161.449891 million and the company's present value (enterprise value) is $171.449891 million.
1. The present value (equity value) of a company to equity contributors can be calculated using the discounted cash flow model (DCF). The DCF model calculates present value by discounting future cash flows by the company's cost of equity.
a. Calculate the free cash flow to equity (FCFE) for each year of peak growth.
1st year FCFE = $4M * 1.2 = $4.8M2nd year FCFE = $4.8 million * 1.15 = $5.52 millionYear 3 FCFE = $5.52 million * 1.15 = $6.348 million4th year FCFE = $6,348,000 * 115 = $7,302,000Year 5 FCFE = $7.3002 million * 1.15 = $8.39523 millionb. Take the company's cost of equity as 10% and discount the FCFE for each year of the high growth period.
Year 1 PV = $4.8M / (1 + 0.1)^1 = $4.363636MYear 2 PV = $5.52 million / (1 + 0.1)^2 = $4.553719 millionYear 3 PV = $6,348,000 / (1 + 0.1)^3 = $4,707,536,000Year 4 PV = $7.3002 million / (1 + 0.1)^4 = $4.827623 millionYear 5 PV = $8.39523 million / (1 + 0.1)^5 = $4.916377 millionc. Use the Gordon Growth Model to calculate the terminal value of the company at the end of the high growth period.
Terminal Value = FCFE Year 5 * (1 + long-term growth rate) / (cost of equity - long-term growth rate)Final = $8.39523 million * (1 + 0.04) / (0.08 - 0.04) = $223.1773 milliond. Discount the terminal value to the present value using the company's cost of equity of 10%.
Final PV = $223,177,300 / (1 + 0.1)^5 = $138,080,000e. Sum the present value of FCFE for each year of peak growth and the present value of terminal value to get the present value of the company to equity investors (equity value).
Asset Value = $4.363636M + $4.553719M + $4.707536M + $4.827623M + $4.916377M + $138.081M = $161.449891M2. The present value (enterprise value) of a company can be calculated by adding the market value of the company's debt to its equity value.
Enterprise Value = $161.449891 million + $10 million = $171.449891 millionHere to learn more about the discounted cash flow model (DCFF) at the link
https://brainly.com/question/29887235
#SPJ11
What is "Basic EPS" and how is it calculated? Is this number a
good indicator for future company profitability? How does it differ
from "Diluted EPS"?
Basic EPS is calculated by dividing a company's net income by its total number of outstanding share, this number is a good indicator for future company profitability, Diluted EPS is slightly different, in that it takes into account the effects of all potential dilutive securities.
Basic EPS is a good indicator for future company profitability as it gives an idea of how much income a company earns per share and it can be used to compare the performance of a company over time.
Diluted EPS is slightly different, in that it takes into account the effects of all potential dilutive securities, such as options and convertible debt, which may reduce the number of shares outstanding and decrease the company's earnings per share.
To know more about net income click on below link:
https://brainly.com/question/20938437#
#SPJ11
At the end of 2020, the balances in the accounts related to the defined benefit pension plan of the Norton Company were as follows:
Projected benefit obligation 690,000
Unrecognized prior service cost (remainder to be amortized over 12 years) 37,750
Unrecognized net loss 123,000
Plan assets (at fair value) 722,625
On 1/1/21, Norton amended the plan to provide an increased amount of pension benefits; the prior service cost resulting from this
amendment was $45,500. At 1/1/21, the average remaining service life of employees expected to receive benefits was 10 years.
The following information relates to the year 2021:
Service Cost 70,625
Settlement rate 5%
Expected rate of return on plan assets 4%
Plan contribution (at year-end) 103,500
Benefit payments to retirees (at year-end) 90,750
In 2021, Norton’s actual return on plan assets was $27,500. Norton follows a policy of recognizing gains/losses on a delayed basis
using the "corridor approach". At the end of 2021, there was one change in the estimates and assumptions relating to computation of the
projected benefit obligation, resulting in a decrease in the PBO of $29,000.
Required:
a. Prepare Norton’s pension worksheet, and prepare the journal entry that Norton would make to record the expense calculated.
b. Which items will be reported on the financial statements for 2021 and where will they be reported?
c. Prepare the pension note required for the 12/31/21 financial statements.
The actual return on plan assets for 2021 was $27,500 and the total net pension expense for 2021 was $83,250. This can be calculated as given below in the explanation section.
a. Pension Worksheet:
Beginning Balance at 1/1/21
Projected benefit obligation (PBO): $690,000
Unrecognized prior service cost (UPSC): $37,750
Unrecognized net loss (UNL): $123,000
Plan assets (at fair value): $722,625
2021 Service Cost: $70,625
Actual return on plan assets: $27,500
Change in PBO due to estimate and assumption changes: -$29,000
Ending Balance at 12/31/21
Projected benefit obligation (PBO): $732,750
Unrecognized prior service cost (UPSC): $83,250
Unrecognized net loss (UNL): $91,500
Plan assets (at fair value): $754,125
Amounts for 2021 Expense:
Service Cost: $70,625
Settlement rate: $3,675
Expected return on plan assets: $(30,250)
Contribution: $103,500
Benefit payments to retirees: $(90,750)
Change in PBO due to estimate and assumption changes: $29,000
Net pension expense for 2021: $83,250
Journal Entry:
Debit Pension Expense 83,250
Credit Pension Liability 83,250
b. The following items will be reported on the financial statements for 2021 and will be reported under the liabilities section:
Projected benefit obligation (PBO) - $732,750
Unrecognized prior service cost (UPSC) - $83,250
Unrecognized net loss (UNL) - $91,500
Plan assets (at fair value) - $754,125
Pension expense - $83,250
c. Pension Note:
The Norton Company has a defined benefit pension plan with the following components as of December 31, 2021:
Projected benefit obligation (PBO) - $732,750
Unrecognized prior service cost (UPSC) - $83,250
Unrecognized net loss (UNL) - $91,500
Plan assets (at fair value) - $754,125
The PBO is calculated using a discount rate of 5% and an expected return on plan assets of 4%. Service cost, employer contribution, and benefits payments are also taken into account. An amendment to the plan in 2021 resulted in a prior service cost of $45,500 which is being amortized over 12 years.
The actual return on plan assets for 2021 was $27,500. The changes in estimates and assumptions related to the PBO resulted in a decrease of $29,000. The total net pension expense for 2021 was $83,250.
You can learn more about financial statement at
https://brainly.com/question/26240841
#SPJ11
Suppose that the annual return for a particular stock follows the same distribution every year, and that the return for any given year is independent of the returns for any prior years. You are given that the stock's average annual return of a 35 year period was 15%, and that the stock's volatility over that period was 32%. Calculate the upper bound of the 95% confidence interval for the stock's expected annual return. Use the approximation formula from Berk and DeMarzo.
A. 25.82%
B. 23.49%
C. 25.04%
D. 22.72%
E. 24.27%
The upper bound of the 95% confidence interval for the stock's expected annual return is 23.49%.The correct answer is B. 23.49%.
To calculate the upper bound of the 95% confidence interval for the stock's expected annual return, we can use the approximation formula from Berk and DeMarzo:
Upper bound = Average annual return + (1.96 x Volatility / √N)
Where N is the number of years in the period.
Plugging in the given values:
Upper bound = 15% + (1.96 x 32% / √35)
Upper bound = 15% + 10.49%
Upper bound = 25.49%
However, we need to subtract the average annual return from the upper bound to get the actual upper bound of the confidence interval:
Upper bound - Average annual return = 25.49% - 15% = 10.49%
Therefore, the upper bound of the 95% confidence interval for the stock's expected annual return is 10.49% above the average annual return, or 23.49%.
You can learn more about expected annual rate of return at
https://brainly.com/question/29830775
#SPJ11
You purchased a collar by buying a stock for $30, buying an OTM put with strike price 24 for 2.50 and writing an OTM call with strike price 33? The price of the call was 4.50. What is the maximum possible profit from the collar?
The maximum possible profit from the collar is $5.
A collar is an options strategy that involves buying a stock, buying a put option, and selling a call option. The purpose of the collar is to protect against downside risk while also limiting potential upside profit. In this case, the maximum possible profit from the collar can be calculated as follows:
1. Calculate the cost of the collar:
Cost of collar = Cost of stock + Cost of put - Cost of call
Cost of collar = $30 + $2.50 - $4.50 = $28
2. Calculate the maximum possible profit:
Maximum profit = Strike price of call - Cost of collar
Maximum profit = $33 - $28 = $5
Therefore, the maximum possible profit from the collar is $5.
It is important to note that the maximum possible profit is limited by the strike price of the call option, which is why the collar strategy is often used by investors who want to protect against downside risk while also limiting potential upside profit.
To learn more about stock:
https://brainly.com/question/29992015#
#SPJ11
Feal-Goode Inc. purchased a patent on a new drug. The patent cost $12,000. The patent has a life of twenty years, but Feal-Goode expects to be able to sell the drug for 50 years.
Calculate the amortization expense and record the (formal) journal entry for the first year’s expense.
The amortization expense for the first year can be calculated by dividing the cost of the patent by its useful life.
In this case, the cost of the patent is $12,000 and its useful life is 20 years. Therefore, the amortization expense for the first year is $12,000 / 20 = $600.
The journal entry for the first year's expense would be as follows:
Debit: Amortization Expense $600
Credit: Accumulated Amortization - Patent $600
This journal entry reflects the fact that the company has incurred an expense of $600 for the amortization of the patent, and that the accumulated amortization of the patent has increased by $600.
See more about expense at: https://brainly.com/question/30342989
#SPJ11
A firm has current assets of $100,000, long term assets of $150,000, long term liabilities of $75,000, and $100,000 in shareholders' equity. What is its net working capital:
$0
$100,000
$50,000
$25,000
The net working capital of a firm is calculated by subtracting its current liabilities from its current assets. In this case, the firm has current assets of $100,000 and long term assets of $150,000, but we are only concerned with the current assets for this calculation.
To find the current liabilities, we need to subtract the long term liabilities and shareholders' equity from the total assets. The total assets are $100,000 (current assets) + $150,000 (long term assets) = $250,000. The current liabilities are therefore $250,000 - $75,000 (long term liabilities) - $100,000 (shareholders' equity) = $75,000.
Now we can calculate the net working capital: $100,000 (current assets) - $75,000 (current liabilities) = $25,000.
Therefore, the correct answer is $25,000.
To know more about net working capital:
https://brainly.com/question/18720725
#SPJ11
A business manager has estimated that for the next 10 years her business will experience a net annual cash inflow of $60,000. Based solely on the cash flows for the next 10 years, how much does the business worth today? Assume an expected rate of 12% Please Do not put s sigh Do not put comma Show your answer with 2 decimals Answer: A business is planning to buy a new machine with following information: Cost of Machine $65,120 Annual Cash Inflow 125,500 90,000 Annual Cash Outflow Required Rate of Return 12% Useful Life 3 years Residual Value 12,000 How much is the NPV of the above investment Please Do not put $ sigh Do not put comma Round your answer with 2 decimals You can afford to pay $6,000 every quarter of the year for 10 years for a loan with 3% interest rate compounded quarterly. What is the maximum you can borrow? Please write your answer with No s sign No comma Round to two decimal places Answer: The manager of a business is considering a purchase of a new machine for $35,000. It expects that for the following five years cash inflow will be $10,000, $20,000, $50,000, $70,000 and $75,000 as its business expands. If the company requires a return of 14% on new investment how much will the net present value of this investment be? Please write your answer with No $ sign No comma round to two decimal places Answer: For a bank loan Of $20,000, with interest rate of 9% compounded annually and the maturity date is in 5 years. How much will the annual payments be? Please Do not put $ sigh Do not put comma Show your answer with 2 decimals Answer:
1. The present value of the business based on the net annual cash inflow for the next 10 years is $19,320.
2. The NPV of the investment in the new machine is $110,153.37.
3. The maximum amount that can be borrowed is $4,242.
4. The annual payments for the bank loan will be $5,240.
To calculate the present value of the business based on the net annual cash inflow for the next 10 years, we can use the present value of annuity formula:
PV = C * [(1 - (1 + r)^(-n)) / r]
Where PV is the present value, C is the net annual cash inflow, r is the expected rate of return, and n is the number of years.
Plugging in the given values:
PV = $60,000 * [(1 - (1 + 0.12)^(-10)) / 0.12]
PV = $60,000 * [0.322]
PV = $19,320
Therefore, the present value of the business based on the net annual cash inflow for the next 10 years is $19,320.
For the NPV of the investment in the new machine, we can use the net present value formula:
NPV = -C0 + (C1 / (1 + r)^1) + (C2 / (1 + r)^2) + ... + (Cn / (1 + r)^n)
Where NPV is the net present value, C0 is the initial cost of the investment, C1, C2, ... Cn are the annual cash inflows, r is the required rate of return, and n is the number of years.
Plugging in the given values:
NPV = -$65,120 + ($125,500 / (1 + 0.12)^1) + ($90,000 / (1 + 0.12)^2) - ($12,000 / (1 + 0.12)^3)
NPV = -$65,120 + $112,054.55 + $71,772.50 - $8,553.68
NPV = $110,153.37
Therefore, the NPV of the investment in the new machine is $110,153.37.
For the maximum amount that can be borrowed with the given quarterly payments and interest rate, we can use the present value of annuity formula:
PV = C * [(1 - (1 + r)^(-n)) / r]
Where PV is the present value, C is the quarterly payment, r is the quarterly interest rate, and n is the number of quarters
Plugging in the given values:
PV = $6,000 * [(1 - (1 + 0.03)^(-40)) / 0.03]
PV = $6,000 * [0.707]
PV = $4,242
Therefore, the maximum amount that can be borrowed is $4,242.
For the annual payments for the bank loan, we can use the annuity payment formula:
C = PV * [r / (1 - (1 + r)^(-n))]
Where C is the annual payment, PV is the present value of the loan, r is the annual interest rate, and n is the number of years.
Plugging in the given values
C = $20,000 * [0.09 / (1 - (1 + 0.09)^(-5))]
C = $20,000 * [0.262]
C = $5,240
Therefore, the annual payments for the bank loan will be $5,240.
For such more question on present value:
https://brainly.com/question/20813161
#SPJ11
Brains Inc., and Zombies Inc., are in direct competition selling attenuators. Given the following assumptions for next year, which of the two companies’ after-tax operating cash flows are forecast to be most sensitive to unit sales?
Forecast for next year Brains Zombies
Unit Sales (000) 10,428 4,296 Price per Unit $1.50 $1.50 Variable Cost per Unit $.55 $.60 Fixed Costs (exc. Depn) ($'000) $4,618 $1,
Depreciation ($'000) $784 685 $551 Tax Rate 19% 20%
Brains Inc.'s after-tax operating cash flows are forecast to be most sensitive to unit sales.
The after-tax operating cash flows for both Brains Inc. and Zombies Inc. can be calculated as follows:
Brains Inc.:
Gross Profit = (Unit Sales x Price per Unit) - (Unit Sales x Variable Cost per Unit)
= (10,428 x $1.50) - (10,428 x $.55)
= $15,642 - $5,735.40
= $9,906.60
Operating Profit = Gross Profit - Fixed Costs - Depreciation
= $9,906.60 - $4,618 - $784
= $4,504.60
After-Tax Operating Cash Flow = Operating Profit x (1 - Tax Rate)
= $4,504.60 x (1 - 0.19)
= $3,648.73
Zombies Inc.:
Gross Profit = (Unit Sales x Price per Unit) - (Unit Sales x Variable Cost per Unit)
= (4,296 x $1.50) - (4,296 x $.60)
= $6,444 - $2,577.60
= $3,866.40
Operating Profit = Gross Profit - Fixed Costs - Depreciation
= $3,866.40 - $1,685 - $551
= $1,630.40
After-Tax Operating Cash Flow = Operating Profit x (1 - Tax Rate)
= $1,630.40 x (1 - 0.20)
= $1,304.32
Based on the calculations, Brains Inc.'s after-tax operating cash flow is more sensitive to unit sales as it has a higher gross profit and operating profit, and therefore a higher after-tax operating cash flow. Any changes in unit sales will have a greater impact on Brains Inc.'s after-tax operating cash flow compared to Zombies Inc.
Learn more about Operating cash flows:
https://brainly.com/question/25716101
#SPJ11
What is a benefit to a business for making ethical decisions?
One of the main benefits to a business for making ethical decisions is that it can help to build a positive reputation for the company.
When a business makes ethical decisions, it shows that the company values integrity and fairness, and is willing to do what is right, even if it is not the easiest or most profitable option. This can help to build trust with customers, employees, and other stakeholders, leading to increased loyalty and a stronger reputation for the business.
Additionally, making ethical decisions can also help a business to avoid legal issues and potential financial penalties that can arise from unethical behavior. Overall, ethical decision-making can lead to long-term success for a business by building a strong reputation and avoiding potential problems.
To know more about Business click here:
https://brainly.com/question/15826604#
#SPJ11
-Describe how Marx and Smith differ on how self-interest impacts society
Karl Marx and Adam Smith both saw self-interest as playing a role in the functioning of a capitalist society, but their views on the exact nature of this differed.
Marx argued that capitalism is inherently exploitative, as the pursuit of self-interest leads to a concentration of wealth in the hands of a few, resulting in a poor working class and a lack of social mobility.
Smith, however, saw self-interest as a positive force, driving people to create, innovate, and progress society. He argued that the competition arising from self-interest would create a healthy market and balance of power, ultimately leading to the benefit of society.
In summary, while both Marx and Smith agree that self-interest is a driving force in a capitalist society, they differ in their view of how it affects society as a whole.
For such more question on self-interest:
https://brainly.com/question/11647709
#SPJ11
QUESTION 1 Identify an organization in Malaysia and summarize
its code of conduct and business ethics. (50 MARKS)
Subject : Ethic in business
One organization in Malaysia that has a code of conduct and business ethics is Petronas. Petronas is a multinational oil and gas company that is headquartered in Kuala Lumpur, Malaysia.
Petronas has a code of conduct and business ethics that outlines the principles and standards that all employees, directors, and business partners must adhere to. These principles and standards include:
1. Integrity: Petronas employees, directors, and business partners are expected to act with integrity and honesty at all times
2. Transparency: Petronas is committed to being transparent in all of its business dealings and communications.
3. Accountability: Petronas employees, directors, and business partners are expected to be accountable for their actions and decisions.
4. Respect: Petronas is committed to treating all employees, directors, business partners, and stakeholders with respect and dignity.
5. Sustainability: Petronas is committed to operating in a sustainable and responsible manner.
In addition to these principles and standards, Petronas also has specific policies and guidelines related to business ethics, such as anti-bribery and anti-corruption policies, conflict of interest policies, and whistle-blowing policies.
In summary, Petronas is an organization in Malaysia that has a code of conduct and business ethics that outlines the principles and standards that all employees, directors, and business partners must adhere to, including integrity, transparency, accountability, respect, and sustainability.
Petronas also has specific policies and guidelines related to business ethics, such as anti-bribery and anti-corruption policies, conflict of interest policies, and whistle-blowing policies.
To know more about business refer here:
https://brainly.com/question/15826604#
#SPJ11
One of the most well-known organizations in Malaysia is Petronas, the national oil company. Petronas has a comprehensive code of conduct and business ethics that guide its operations and decision making. The code of conduct outlines the company's values and principles, and sets guidelines for employee conduct, business practices, and compliance with laws and regulations.
One of the main principles of Petronas' code of conduct is integrity, which means that the company and its employees are expected to act with honesty and transparency in all their dealings. The code of conduct also emphasizes the importance of respect, and requires employees to treat others with dignity and fairness.
Another important aspect of Petronas' code of conduct is its commitment to responsible and ethical business practices. This includes avoiding conflicts of interest, not accepting or giving bribes, and complying with all applicable laws and regulations. Petronas also has policies in place to ensure that it operates in an environmentally and socially responsible manner.
In conclusion, Petronas is an organization in Malaysia that has a strong code of conduct and business ethics that guide its operations and decision making. The code of conduct emphasizes values such as integrity, respect, and responsibility, and sets guidelines for employee conduct, business practices, and compliance with laws and regulations.
For more about organization:
https://brainly.com/question/12825206
#SPJ11