The correct answer for the stock's annual volatility is 25.18%.
The stock's annual volatility can be found by calculating the standard deviation of the stock's potential price outcomes.
This can be done using the formula:
σ = √(∑(x - µ)^2 * P(x))
Where σ is the standard deviation, x is the potential price outcome, µ is the expected value, and P(x) is the probability of the potential price outcome.
First, we need to calculate the expected value (µ) of the stock's price:
µ = (41 * 0.16) + (57 * 0.26) + (75 * 0.37) + (90 * 0.21) = 66.45
Next, we can plug in the values into the formula and calculate the standard deviation:
σ = √((41 - 66.45)^2 * 0.16) + ((57 - 66.45)^2 * 0.26) + ((75 - 66.45)^2 * 0.37) + ((90 - 66.45)^2 * 0.21)) = 16.23
Finally, we can calculate the annual volatility by dividing the standard deviation by the current price and multiplying by 100:
Annual volatility = (16.23 / 65) * 100 = 24.97%
Therefore, the stock's annual volatility is 24.97%, which is closest to the correct answer of 25.18%.
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Question 2 (25 Marks) Kloppenborg et al. (2018:392) defines project quality as characteristics of a product or service that bear on its ability to satisfy stated or implied needs. Judging from the case study, the quality of the Harmon Hotel project has a lot to be desired. Using the core value of Total Quality Management (TQM), critically discuss how the Harmon Hotel project manager could have better managed the quality of the project. Ensure that each value is discussed in detail.
According to Kloppenborg et al. (2018:392), project quality is defined as the characteristics of a product or service that bear on its ability to satisfy needs. In the case of the Harmon Hotel project, it is evident that the quality of the project was not up to par. However, by utilizing the core values of Total Quality Management (TQM), the project manager could have better managed the quality of the project.
The core values of TQM include customer focus, continuous improvement, teamwork, and integrity. The project manager could have ensured that the needs and expectations of the customer were clearly understood and met throughout the project.
Continuous improvement: The project manager could have implemented a system for continuously monitoring. Teamwork: The project manager could have fostered a culture of teamwork among all stakeholders involved in the project.
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How many ways can 5 couples be seated in a circular table if the
wives must sit together?
There are 5! (5 factorial) ways that the 5 couples can be seated in a circular table if the wives must sit together.
This is because there are 5 different spots for the wives to sit together, and then 4! (4 factorial) ways for the husbands to be arranged around the table.
1. Start with the wives sitting together. There are 5 different spots for them to sit together around the table.
2. Next, arrange the husbands around the table. There are 4! (4 factorial) ways to do this.
3. Multiply the two numbers together to get the total number of ways that the couples can be seated: 5! * 4! = 120 * 24 = 2880
So the answer is 2880 ways that the 5 couples can be seated in a circular table if the wives must sit together.
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Discuss the role of the current South African government in providing for its citizens
Answer:
The role of the current South African government is to- makes laws and sets policies for the country and provides services which fall under national competencies.
Briefly explain the accounting treatment on measuring and recognizing a gain or loss by the debtor on a settlement of debt which involves the transfer of noncash assets. (4 marks) Also, analyze ANY TWO factors that the company will consider when accepting the transfer of non-cash assets by debtors as settlement of debt. (6 marks)
The accounting treatment for measuring and recognizing a gain or loss by a debtor on the settlement of debt which involves the transfer of noncash assets involves recognizing the difference between the fair value of the asset being exchanged for the debt and the remaining balance of the debt. If the fair value of the asset being exchanged is greater than the remaining debt balance, the difference is reported as a gain, while if it is less, the difference is reported as a loss.
When considering the acceptance of the transfer of noncash assets as settlement of debt, two factors a company should consider include the fair market value of the asset being exchanged and the cost of selling or otherwise disposing of the asset if the transfer of the noncash asset is not accepted. Additionally, the company should consider the terms of the settlement and the costs associated with rejecting the settlement and recovering the debt in the traditional manner.
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You are applying for a job as a manager and are at the point of negotiating salary and benefits. What benefits must your employer provide you (government-mandated, non-negotiable benefits)? What benefits are voluntarily provided by employers and thus potentially negotiable? What benefits package would you try to negotiate for yourself?
The government-mandated, non-negotiable benefits that an employer must provide include Social Security and Medicare taxes, unemployment insurance, workers' compensation, and family and medical leave. These benefits are required by law and cannot be negotiated.
Voluntarily provided benefits by employers, and thus potentially negotiable, include health insurance, retirement plans, paid time off, and employee assistance programs. These benefits are not required by law but are often offered by employers to attract and retain employees.
In negotiating a benefits package for myself, I would prioritize the benefits that are most important to me and my family. This could include negotiating for a higher employer contribution to health insurance premiums, additional paid time off, or a higher employer match for retirement contributions.
It is important to consider the value of these benefits and weigh them against the salary being offered. Additionally, it is important to communicate effectively and be willing to compromise in order to reach a mutually beneficial agreement.
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Sarbanes-Oxley Act controls all the following except:monopoliescensureindividual accountabilitypublic accounting requirementsHostile takeover in the field of strategic management refers to which of the following?A takeover that is deemed illegal by the SEC.A takeover that is forced to take on assets/liabilities that would become very unattractive.A takeover that forces the unfriendly firm to repurchase large amounts of stock at a premium.A takeover that is strongly resisted by the target firm.
The Sarbanes-Oxley Act does not control monopolies.As for the second question, a hostile takeover in the field of strategic management refers to "A takeover that is strongly resisted by the target firm."
Monopolies is primarily concerned with regulating financial practices and ensuring transparency and accountability in publicly traded companies. Therefore, the correct answer to the first question is "monopolies."
This type of hostile takeover occurs when one company attempts to acquire another company without the consent of the target company's board of directors or management. It is often characterized by aggressive tactics, such as buying large amounts of stock in the target company or making a public offer to buy the company at a premium price.
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41. What are some characteristics of an effective manager?
If a would-be monopolist acquired most of the firms in a formerly competitive industry, worked to construct barriers to entry against new firms, and gradually accumulated more and more market power, What happens if the number of firms in a monopolistically competitive industry increases?
If a would-be monopolist acquired most of the firms in a formerly competitive industry, worked to construct barriers to entry against new firms, and gradually accumulated more and more market power, the number of firms in a monopolistically competitive industry would decrease.
This is because the monopolist would be able to exert control over the market and prevent new firms from entering the industry. As a result, competition would decrease and the monopolist would be able to charge higher prices and earn higher profits.
However, if the number of firms in a monopolistically competitive industry increases, competition would increase and the market power of the monopolist would decrease. This would result in lower prices and lower profits for the monopolist.
In a monopolistically competitive industry, firms have some market power but also face competition from other firms. As the number of firms increases, the market becomes more competitive and firms have less market power. This leads to lower prices and lower profits for the firms in the industry.
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Briefly describe in your own words, five normalization
adjustments made to a private company’s earnings to translate to a
"reasonably well run, public company equivalent basis
The five types of normalization adjustments that can be made to a private company's earnings to translate them to a "reasonably well run, public company equivalent basis" are non-recurring expenses, owner's compensation, related-party transactions, non-operating assets, and non-operating expenses.
Normalization adjustments are made to a private company's earnings to translate them to a "reasonably well run, public company equivalent basis." These adjustments are made to provide a more accurate representation of a company's financial performance. There are several types of normalization adjustments that can be made, but five common ones are non-recurring expenses, owner's compensation, related-party transactions, non-operating assets, and non-operating expenses.
Non-recurring expenses are expenses that are not expected to occur again in the future, such as one-time legal fees or costs associated with a natural disaster. These expenses are removed from the company's earnings to provide a more accurate representation of its ongoing financial performance. Private companies often pay their owners a salary that is significantly higher or lower than what would be paid to a CEO of a comparable public company. This adjustment is made to reflect the owner's compensation that would be paid to a CEO of a reasonably well run, public company.Related-party transactions are transactions between the company and its owners or other related parties. These transactions are often not conducted at arm's length, and therefore may not reflect the true value of the goods or services exchanged. This adjustment is made to reflect the value that would be paid in an arm's length transaction.Non-operating assets are assets that are not necessary for the company's ongoing operations, such as excess cash or investments. These assets are removed from the company's earnings to provide a more accurate representation of its operating performance.Non-operating expenses are expenses that are not necessary for the company's ongoing operations, such as interest expense on excess cash or investments. These expenses are removed from the company's earnings to provide a more accurate representation of its operating performance.Learn more about Financial performance:
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If a country exports more than it imports, it has a trade surplus.
True
False
The statement if a country exports more than it imports, it has a trade surplus is true.
What is a trade surplus?A trade surplus tend to occur in a situation where a country or a nation exports additional goods and services than they imports, resulting in a positive balance of trade.
This means that the country has a net inflow of money from exporting more than it spends on imports. In contrast, a trade deficit occurs when a country imports more than it exports, resulting in a negative balance of trade, meaning the country has a net outflow of money.
Therefore the statement is true.
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Swifty Industries had sales in 2021 of $5,453,600 and gross profit of $882,200. Management is considering two alternative budget plans to increase its gross profit in 2022.Plan A would increase the unit selling price from $8.00 to $8.40. Sales volume would decrease by 100,250 units from its 2021 level. Plan B would decrease the unit selling price by $0.50. The marketing department expects that the sales volume would increase by 104,260 units.At the end of 2021, Swifty has 32,080 units of inventory on hand. If Plan A is accepted, the 2022 ending inventory should be 28,070 units. If Plan B is accepted, the ending inventory should be equal to 48,120 units. Each unit produced will cost $1.5 in direct labor, $1.3 in direct materials, and $1.2 in variable overhead. The fixed overhead for 2022 should be $1,519,790.A) prepare a sales budget for under each planB)prepare a product budget for 2020 under each planC)compute the production cost per unit under each plan, why is the cost per unit different for each of the two plans?D) which plan should be accepted? compute gross profit under each plan
A) The sales budget for Plan A is $44,968,140 and for Plan B is $41,684,950. B) The production budget for Plan A is 5,349,340 units and for Plan B is 5,573,900 units. C) Product cost per unit for Plan A is $4.28 and for Plan B is $4.27. It differs due to fixed overhead distributed over different number of units produced. D) The gross profit for Plan A is $22,056,602 and for Plan B is $17,953,905.80. Plan A should be accepted.
A) Sales Budget for Plan A:
Unit selling price: $8.40
Sales volume: 5,453,600 - 100,250 = 5,353,350 units
Total sales: 5,353,350 units x $8.40 = $44,968,140
Sales Budget for Plan B:
Unit selling price: $8.00 - $0.50 = $7.50
Sales volume: 5,453,600 + 104,260 = 5,557,860 units
Total sales: 5,557,860 units x $7.50 = $41,684,950
B) Production Budget for Plan A:
Beginning inventory: 32,080 units
Ending inventory: 28,070 units
Sales volume: 5,353,350 units
Production volume: 5,353,350 - 32,080 + 28,070 = 5,349,340 units
Production Budget for Plan B:
Beginning inventory: 32,080 units
Ending inventory: 48,120 units
Sales volume: 5,557,860 units
Production volume: 5,557,860 - 32,080 + 48,120 = 5,573,900 units
C) Production Cost per Unit for Plan A:
Direct labor: $1.5
Direct materials: $1.3
Variable overhead: $1.2
Fixed overhead: $1,519,790 / 5,349,340 units = $0.28
Total cost per unit: $1.5 + $1.3 + $1.2 + $0.28 = $4.28
Production Cost per Unit for Plan B:
Direct labor: $1.5
Direct materials: $1.3
Variable overhead: $1.2
Fixed overhead: $1,519,790 / 5,573,900 units = $0.27
Total cost per unit: $1.5 + $1.3 + $1.2 + $0.27 = $4.27
The cost per unit is different for each of the two plans because the fixed overhead is spread over a different number of units produced.
D) Gross Profit for Plan A:
Total sales: $44,968,140
Total cost of goods sold: 5,353,350 units x $4.28 = $22,911,538
Gross profit: $44,968,140 - $22,911,538 = $22,056,602
Gross Profit for Plan B:
Total sales: $41,684,950
Total cost of goods sold: 5,557,860 units x $4.27 = $23,731,044.20
Gross profit: $41,684,950 - $23,731,044.20 = $17,953,905.80
Based on the calculations, Plan A should be accepted as it results in a higher gross profit of $22,056,602 compared to Plan B's gross profit of $17,953,905.80.
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Question: If a country or a company issues a bond with a negative interest rate that indicates that investors believe the bond is a good (i.e., reliable) store of value.
True /False
True
False
This given statement - 'If a country or a company issues a bond with a negative interest rate that indicates that investors believe the bond is a good (i.e., reliable) store of value' is False. A bond with a negative interest rate means that investors are essentially paying the issuer to hold their money.
This indicates that investors believe that the bond is a safer investment than other options, such as stocks or real estate, and are willing to pay for that security. However, it does not necessarily mean that the bond is a good store of value, as investors will actually lose money on the investment due to the negative interest rate.
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Assess your mgmt 102 term project experience using the"stage ofgroup development. OR elaborate important variables of effectiveteams?
The stage of group development can be used to assess the experience of working on a term project for MGMT 102. The stages include forming, storming, norming, performing, and adjourning.
During the forming stage, the group members get to know each other and start to establish goals and roles. This stage is characterized by excitement and anticipation about the project.
The storming stage is when conflicts may arise within the group, as members have different opinions and ideas about how to approach the project. It is important to resolve these conflicts effectively in order to move on to the next stage.
The norming stage is when the group starts to work together more effectively and establish norms for behavior and communication. This is when the group starts to make progress on the project.
The performing stage is when the group is functioning at its highest level and is able to complete the project effectively.
Finally, the adjourning stage is when the group disbands after the project is complete. This stage can be characterized by a sense of accomplishment, but also sadness about the end of the group experience.
The important variables of effective teams include clear goals, effective communication, trust, and a strong sense of commitment to the project. These variables are crucial for a team to be successful and achieve its goals.
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Transporting goods by ship is a low-cost mode of transportation can carry a
wide variety of goods but is very slow. Which of the following would be the
best situation to transport the goods to transport by ship?
OA. A T-shirt going from a retailer in California to a consumer in Texas
who wants overnight delivery
B. A batch of T-shirts going from a producer in Montana to a retailer
in Illinois who won't be stocking the merchandise on shelves for
another two months
C. A batch of T-shirts going from a producer in China to a retailer in
California who needs to stock the merchandise on shelves next
week
D. A batch of T-shirts going from a producer in China to a retailer in
California who won't be stocking the merchandise on shelves for
another two months
Answer:
D.
Explanation:
Only one that makes sense
If suddenly remittance drops 10% annually due to Covid and every other thing remain constant then what will happen to the exchange rate between USD and taka. What could Bangladesh Bank do to keep the exchange rate unchanged? Make sure you draw a diagram to show your answer.
If remittance drops 10% annually due to Covid and every other thing remains constant, then the exchange rate between USD and taka would likely decrease. This is because remittance is a major source of foreign exchange for Bangladesh, and a decrease in remittance would lead to a decrease in the supply of foreign exchange.
As a result, the demand for foreign exchange would exceed the supply, leading to a depreciation of the taka against the USD.
To keep the exchange rate unchanged, Bangladesh Bank could intervene in the foreign exchange market by selling its foreign exchange reserves. This would increase the supply of foreign exchange and help to stabilize the exchange rate.
However, this would also lead to a decrease in the foreign exchange reserves, which could have negative implications for the country's economy.
Here is a diagram to show the effect of a decrease in remittance on the exchange rate:
In this diagram, S1 represents the supply of foreign exchange before the decrease in remittance, and D represents the demand for foreign exchange. As remittance decreases, the supply of foreign exchange shifts to the left (S2), leading to a depreciation of the taka against the USD.
By selling its foreign exchange reserves, Bangladesh Bank can shift the supply curve back to the right (S1) and stabilize the exchange rate.
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If you tell me a good counter to this argument fast, I'll give u brainliest + five star (HELP)
If a school duration is not year-round, then students will most likely forget alot of things they learned over school year.
We certainly blank out things over time, and there's no reason to evaluate that what students learn in school should be an exception.
What do you mean by Argument?Making an argument involves two or more individuals reacting to one another's claim and support for such a claim.
There are a few unusual reasons why the brain forgets, but the two main causes are decay and disuse. Decay is a natural process that refers to the gradual loss of information over time. When we first learn something, it is stored in our short-term memory, which is relatively small and can only hold a very small amount of information.
Therefore, The statement “If a school duration is not year-round, then students will most likely forget a lot of things they learned over the school year.” is correct.
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What are the five specific benefits discussed in chapter 1? How can
each benefit help
you become better at problem solving
The five specific benefits discussed in chapter 1 are:
1. Improved creativity
2. Better decision making
3. Greater self-awareness
4. Enhanced resilience
5. Increased adaptability
Each of these benefits can help you become better at problem solving in the following ways:
1. Improved creativity: By enhancing your creativity, you will be able to come up with more innovative solutions to problems.
2. Better decision making: With better decision making skills, you will be able to make more informed and effective choices when faced with a problem.
3. Greater self-awareness: By becoming more self-aware, you will be able to recognize your own biases and limitations, which can help you avoid making mistakes when solving problems.
4. Enhanced resilience: By building resilience, you will be able to bounce back from setbacks and keep working towards a solution even when faced with obstacles.
5. Increased adaptability: By becoming more adaptable, you will be able to adjust your approach to problem solving as needed and be more flexible in the face of changing circumstances.
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Your neighbour is investigating the operation of a coffee shop. Her options are:-
1. Purchase of a ‘Coffee Break’ franchise at $300,000 plus 7.5% royalties.
2. Purchase of an independent coffee shop that has been operating successfully
for 5 years at a purchase price of $180,000.
3. Start her own new coffee shop.
Your neighbour hears that you are studying accounting and seeks your advice
about the best option. Justify your recommendation.
It depends on your neighbour's objectives and resources, but generally speaking, purchasing a 'Coffee Break' franchise will likely offer the most financial security.
The purchase price of $300,000 plus 7.5% royalties gives your neighbour access to an established business model, brand recognition, and support from the franchisor, as well as an ongoing income stream. The purchase of an independent coffee shop that has been operating successfully for 5 years can be a cost-effective alternative, but there may be hidden costs and risks in terms of quality of service, employee knowledge, and customer base. Starting her own new coffee shop will require more initial capital and has the highest risk, but offers the greatest potential for growth. Ultimately, it is your neighbour's decision, but it is recommended that they seek advice from a qualified accountant before making a decision.
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Explain the term "balance of payment". list and discuss its components.
list the pros and cons of a current account deficit
The term "balance of payment" refers to the record of a country's transactions with the rest of the world. It is a summary of all the transactions that a country has made with other countries during a given period of time, usually one year. The balance of payment includes the following components:
1. Current Account: This includes transactions related to goods and services, income, and current transfers. It is the difference between a country's exports and imports.
2. Capital Account: This includes transactions related to the purchase and sale of assets, such as real estate, stocks, and bonds.
3. Financial Account: This includes transactions related to foreign direct investment, portfolio investment, and reserve assets.
A current account deficit occurs when a country imports more goods and services than it exports. This can have both pros and cons:
Pros:
- It can lead to an increase in domestic consumption and a higher standard of living.
- It can lead to an increase in investment and economic growth.
Cons:
- It can lead to an increase in foreign debt.
- It can lead to a decrease in the value of the domestic currency.
Overall, the balance of payment is an important indicator of a country's economic health and its relationship with the rest of the world. It is important for policymakers to carefully monitor and manage the balance of payment to ensure a stable and prosperous economy.
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Securities trading is relatively simple. Firstly, investors have to determine the financial assets they want to trade. Different financial assets are traded in different markets. Discuss the THREE (3) advantages and TWO (2) disadvantages of being a holder of the common stock of Hibiscus Petroleum Berhad as opposed to being a bondholder.
Securities trading involves buying and selling financial assets, such as stocks and bonds, in order to make a profit. One type of financial asset that investors may choose to trade is common stock. In this case, we will discuss the advantages and disadvantages of being a holder of the common stock of Hibiscus Petroleum Berhad as opposed to being a bondholder.
Advantages of holding common stock:
1. Potential for higher returns: Common stockholders have the potential to earn higher returns on their investment than bondholders, as the value of the stock can increase over time.
2. Voting rights: Common stockholders have the right to vote on important company decisions, such as electing board members and approving mergers and acquisitions.
3. Dividend payments: Common stockholders may receive dividend payments, which are a portion of the company's profits distributed to shareholders.
Disadvantages of holding common stock:
1. Risk: Common stock is generally considered to be a riskier investment than bonds, as the value of the stock can fluctuate greatly and there is no guarantee of a return on investment.
2. No priority in bankruptcy: In the event that the company goes bankrupt, common stockholders are last in line to receive any remaining assets, after bondholders and other creditors have been paid.
Overall, while holding common stock of Hibiscus Petroleum Berhad may offer the potential for higher returns and certain rights and benefits, it also comes with a higher level of risk and less priority in the event of bankruptcy. It is important for investors to carefully consider these factors before making a decision about whether to invest in common stock or bonds.
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PLEASE HELPP
What is the basic sequence of events in the design process?
Create a prototype, collect customer feedback, order raw materials
Purchase equipment, hire staff, begin production
Determine characteristics of product, create a prototype, create a technical plan
Order raw materials, create proprietary software, assemble prototype
The typical fundamental order of events in the design process is as follows: Determining the issue or need, accumulating data and needs
What is the basic sequence of events in the design process?Generating a thorough design strategy, coming up with a prototype, testing it, making adjustments, and then putting the finishing touches on the project.
To better understand the needs and limitations for the solution, the problem or need must first be recognized and information must be obtained. Afterwards, a preferred solution is chosen after considering a variety of options. The qualities and technical requirements of the product are then outlined in a thorough design plan.
The next step is to create and test a prototype, iterating the design as necessary in response to user feedback. The product is then created, delivered, and sold to consumers.
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Juan dela Cruz is going to help his brother who wants to open a food store. Juan initially believes that there is a 50–50 chance that his brother’s food store would be a success. Juan is considering doing a market research study. Based on historical data, there is a 0.8 probability that the marketing research will be favorable given a successful food store. Moreover, there is a 0.7 probability that the marketing research will be unfavorable given an unsuccessful food store.(a) If the marketing research is favorable, what is Juan’s revised probability of a successful food store for his brother? What is the revised probability of an unsuccessful food store for his brother?(b) If the marketing research is unfavorable, what is Juan’s revised probability of a successful food store for his brother? What is the probability of an unsuccessful food store for his brother?(c) If the initial probability of a successful food store is 0.60 (instead of 0.50), find the probabilities in parts (a) and (b).
A)The revised probability of an unsuccessful food store for Juan's brother is 0.273.B) The revised probability of an unsuccessful food store for Juan's brother is 0.778. C)If the initial probability of a successful food store is 0.60, the revised probabilities are 0.2,0.3,0.7
To solve this problem, we will use the Bayes' theorem. The Bayes' theorem states that P(A|B) = P(B|A)P(A) / P(B),
(a) If the marketing research is favorable, the revised probability of a successful food store for Juan's brother is:
P(Success|Favorable) = P(Favorable|Success)P(Success) / P(Favorable)
= (0.8)(0.5) / (0.8)(0.5) + (0.3)(0.5)
= 0.4 / 0.55
= 0.727
The revised probability of an unsuccessful food store for Juan's brother is:
P(Unsuccessful|Favorable) = 1 - P(Success|Favorable)
= 1 - 0.727
= 0.273
(b) If the marketing research is unfavorable, the revised probability of a successful food store for Juan's brother is:
P(Success|Unfavorable) = P(Unfavorable|Success)P(Success) / P(Unfavorable)
= (0.2)(0.5) / (0.2)(0.5) + (0.7)(0.5)
= 0.1 / 0.45
= 0.222
The revised probability of an unsuccessful food store for Juan's brother is:
P(Unsuccessful|Unfavorable) = 1 - P(Success|Unfavorable)
= 1 - 0.222
= 0.778
(c) If the initial probability of a successful food store is 0.60, the revised probabilities are:
P(Success|Favorable) = P(Favorable|Success)P(Success) / P(Favorable)
= (0.8)(0.6) / (0.8)(0.6) + (0.3)(0.4)
= 0.48 / 0.6
= 0.8
P(Unsuccessful|Favorable) = 1 - P(Success|Favorable)
= 1 - 0.8
= 0.2
P(Success|Unfavorable) = P(Unfavorable|Success)P(Success) / P(Unfavorable)
= (0.2)(0.6) / (0.2)(0.6) + (0.7)(0.4)
= 0.12 / 0.4
= 0.3
P(Unsuccessful|Unfavorable) = 1 - P(Success|Unfavorable)
= 1 - 0.3
= 0.7
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The Statement of Retained Earnings should NOT include which of the following? Select one: a. Loans made to related corporations b. Ending retained earnings from the prior year c. Net income or loss for the current year d. Dividends declared in the current year
The Statement of Retained Earnings should NOT include loans made to related corporations. Alternative a. is correct.
The Statement of Retained Earnings is a financial statement that shows the changes in a company's retained earnings over a specific period of time. It typically includes the beginning retained earnings from the prior year, the net income or loss for the current year, and the dividends declared in the current year.
However, it does not include loans made to related corporations, as these are not considered part of the company's retained earnings.
Therefore, the correct answer is option a. Loans made to related corporations.
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You have just purchased a car and taken out a
$43,000
loan. The loan has a five-year term with monthly payments and an APR of
6.3%.
a. How much will you pay in interest, and how much will you pay in principal, during the first month, second month, and first year? (Hint: Compute the loan balance after one month, two months, and one year.)
b. How much will you pay in interest, and how much will you pay in principal, during the fourth year (i.e., between three and four years from now)?
(Note: Be careful not to round any intermediate steps less than six decimal places.)
a. interest and principal paid in the first month is 226.08 and 605.79
interest and principal paid in the second month are 224.59 and 607.28
interest and principal paid in the first year are 2712.96 and 7273.48
b. The total interest paid in the fourth year is $1812.58 and the total principal paid is $8174.86.
a. To answer this question, we will need to use the amortization formula:
Monthly payment = (P * r) / (1 - (1 + r)^(-n))
Where P is the principal amount, r is the monthly interest rate, and n is the number of monthly payments.
Monthly payment = (43000 * 0.063/12) / (1 - (1 + 0.063/12)^(-5*12)) = 831.87
To find the interest and principal paid in the first month, we will use the following formulas:
Interest = P * r
Principal = Monthly Payment - Interest
For the first month:
Interest = 43000 * 0.063/12 = 226.08
Principal = 831.87 - 226.08 = 605.79
For the second month:
Interest = (43000 - 605.79) * 0.063/12 = 224.59
Principal = 831.87 - 224.59 = 607.28
For the first year:
Interest = (43000 * 0.063/12) * 12 = 2712.96
Principal = (831.87 * 12) - 2712.96 = 7273.48
b. To find the interest and principal paid in the fourth year, we will first need to find the loan balance at the end of the third year:
Loan balance = 43000 - (605.79 + 607.28 + ... + 7273.48) = 28752.05
Then we will use the same formulas as before to find the interest and principal paid in the fourth year:
Interest = (28752.05 * 0.063/12) * 12 = 1812.58
Principal = (831.87 * 12) - 1812.58 = 8174.86
So the total interest paid in the fourth year is $1812.58 and the total principal paid is $8174.86.
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Suggest strategies to motivate employees using the Herzbergs twofactor theory. OR Assess ways in which you could use the jobcharacteristic model to motivate employees?
Herzberg's two-factor theory suggests that motivation is driven by two distinct factors: hygiene factors and motivators. Hygiene factors are related to job satisfaction and include job security, salary, working conditions, and relationships with co-workers and supervisors. Motivators are related to job performance and include responsibility, recognition, and achievement.
To motivate employees using the Herzbergs two-factor theory, managers should focus on providing meaningful work, giving recognition and rewards, and providing opportunities for growth, development, and advancement. Additionally, they should ensure that job security and working conditions are satisfactory, and foster positive relationships with co-workers and supervisors.
The job-characteristic model suggests that motivation can be increased by improving the job itself. This includes providing employees with autonomy, task identity, task significance, feedback, and skill variety.
Autonomy allows employees to have more control over their work, task identity allows employees to see the impact of their work, task significance allows employees to see how their work is important to the bigger picture, feedback gives employees recognition for their work, and skill variety allows employees to use different skills and capabilities. By providing these elements, managers can significantly improve employee motivation and performance.
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What is the ethics in Human Resources? Give an example based on
a company
What is the ethics in Research and Development? Give an example
based on a company
Ethics in Human Resources refers to the principles and values that guide the behavior and decision making of HR professionals.Ethics in Research and Development (R&D) refers to the principles and values that guide the behavior and decision making of R&D professionals.
These include confidentiality, fairness, respect for individual rights, and compliance with laws and regulations. An example of ethical behavior in HR is when a company implements a policy that ensures equal opportunities for all employees regardless of their race, gender.
These include honesty, integrity, and respect for the rights and well-being of research participants. An example of ethical behavior in R&D is when a company conducts clinical trials for a new drug and ensures that all participants are fully informed about the risks and benefits of the trial, and that their participation is voluntary.
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Marquand Electric, Inc. is trying to estimate the cash flows associated with purchasing and operating an expansion facility for the production of Wi-Fi routers that would replace an old, yet still functioning facility. The new facility’s cost is $8,800,000 and would cost $200,000 in shipping and installation. The company would incur an additional $96,000 for training the staff needed to operate the new facility. A technical feasibility study that cost $45,000 to paid in a month confirmed the efficacy of the proposed facility. The old facility, which is fully depreciated but can be fully operational for the next several years, can be sold for $160,000. The estimated useful life of the new facility is 10 years. However, Randolph anticipates that it would actually operate it for only seven years then sell it. It estimates that the facility’s market price in seven years at $4,300,000. Randolph would use straight-line depreciation for the new equipment. The additional NWC required for the operation of the new facility is estimated at $320,000 initially. The NWC needs would rise to $400,000 by the end of year one, $512,000 by end of year two, $600,000 by end of year three, then go down to $480,000 in year four, then to $286,000 in year five, then to $154,000 in year six. No spoilage or theft is assumed to affect the recovery of the working capital. The new facility’s sales are expected to be 1,300,000 units per year at a price of $84 per unit. The existing facility’s sales are 400,000 units per year sold at the same price. The variable cost stays at the same level of $79/unit and the incremental fixed costs are $2,200,000. The company’s marginal tax rate is 25% and its cost of capital is 15%.
Estimate the initial net investment (net outlays) associated with the acquisition of the new facility.
Estimate the incremental annual free cash flows (FCF) generated by the new facility.
Estimate the additional terminal cash flows associated with the new facility.
Use the capital budgeting decision criteria to make a decision as to whether the new facility should be purchased. (Assume a standard payback period of 5 years).
The initial net investment associated with the acquisition of the new facility is $9,301,000. The incremental annual free cash flows associated with the new facility is $1,952,400. The additional terminal cash flows associated with the new facility is $4,454,000. Based the capital budgeting decision criteria, new facility should be purchased.
The initial net investment associated with the acquisition of the new facility is the sum of the following cost. Hence,
Cost of new facility: $8,800,000
Shipping and installation: $200,000
Staff training: $96,000
Technical feasibility study: $45,000
Sale of old facility: ($160,000)
Additional NWC: $320,000
Total initial net investment = $9,301,000
Therefore, the total initial net investment is $9,301,000
The incremental annual free cash flows associated with the new facility is calculated as:
Incremental sales: (1,300,000 - 400,000) x $84 = $75,600,000
Incremental variable costs: (1,300,000 - 400,000) x $79 = $71,100,000
Incremental fixed costs: $2,200,000
Depreciation: ($8,800,000 + $200,000 + $96,000) / 10 = $909,600
Incremental EBIT: $75,600,000 - $71,100,000 - $2,200,000 - $909,600 = $1,390,400
Taxes: $1,390,400 x 25% = $347,600
Incremental net income: $1,390,400 - $347,600 = $1,042,800
Incremental FCF: $1,042,800 + $909,600 = $1,952,400
Therefore, the incremental annual free cash flows is $1,952,400
The additional terminal cash flows associated with the new facility is calculated as:
Sale of new facility: $4,300,000
Recovery of NWC: $154,000
Total terminal cash flows = $4,454,000
Therefore, the total terminal cash flows is $4,454,000
Capital budgeting decision criteria include NPV and payback period.
Net present value (NPV): $9,301,000 + ($1,952,400 / 1.15) + ($1,952,400 / 1.15^2) + ($1,952,400 / 1.15^3) + ($1,952,400 / 1.15^4) + ($1,952,400 / 1.15^5) + ($1,952,400 / 1.15^6) + ($1,952,400 / 1.15^7) + ($4,454,000 / 1.15^7) = $4,615,677
Payback period: $9,301,000 / $1,952,400 = 4.76 years
Based on the NPV and payback period, the new facility should be purchased as it has a positive NPV and a payback period less than the standard 5 years.
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Chapter 2 - Cognitive Dissonance
Jackie Hartnett was hired at Dorf Car Factory for her strong belief in recycling. Not only did she have all the technical skills required for the job, but she had a personal passion for the well-being of the environment. Her boss, Charlie Damon, was excited by her interest in re-using goods and overall concern for the well-being of the environment. These were not strong values for him personally, and he hoped that Jackie would bring a certain level of awareness to other employees, including him.
Jackie came to work at Dorf Car Factory with high hopes. She had been looking for a large organization where she could develop her long-term career goals, and she was encouraged by Dorf's interest in becoming a better "green" employer. She educated herself on the output of the factory and figured out four main ways to reduce harmful elements they were currently releasing into the atmosphere. Jackie's personal interest in recycling dated back to her grade school days when she tracked what happened to all the paper put in the trash pail in each classroom. After learning it ended up in the landfill along with all the other rubbish, Jackie implemented a school-wide recycle program. To this day, all "extra" paper or waste is put in a separate trash pail which is sent to a recycling factory and used to make reusable consumer goods. Jackie is proud of this point.
Jackie throws herself into her work at Dorf Car Factory. Charlie is impressed with both her outstanding performance and how well she gets along with everyone. As Jackie's one year anniversary with Dorf Car Factory approaches, she uncovers information showing several factory shipments of waste material being sold to another company. Quick research showed that this other company does not "properly" dispose of these types of waste products. Jackie immediately approached her boss, Charlie, with the data and was taken aback when he shared with her the extra costs that ended up being involved with several of her "greener" approaches. Disheartened, Jackie asked, "Is anything we committed to almost a year ago still in place?"
Charlie's nonchalant response about the paper recycling program working in the outer offices was not enough of a reassurance for Jackie. That night at home, she contemplates her future with Dorf. She feels torn between her commitment to the company and her personal values of recycling. She wonders, if they have not been open about the actual, behind the scene steps with the recycling program, are there other business aspects that they are not being "open" about?
Answer the following questions by applying the concepts learned in Chapter 2. Also, conduct literature reviews on the subject of discussion and use to support your case study answers:
Discuss Jackie's dilemma in terms of cognitive dissonance.
How could this new information on Dorf's actual recycling program affect Jackie's perception of the company she works for? What impact could this have on her overall performance? Are her personal values around recycling strong enough to determine who she works for?
Do you think Jackie should ignore the company's choice to recycle or not and just keep doing her job? Is she willing to walk away from a good paying job with benefits? Are there other employers who are likely to be more open to recycling programs, and should she pursue opportunities with those companies?
Cognitive dissonance is a psychological concept that refers to the discomfort or unease that a person experiences when their beliefs, values, or actions are in conflict with each other.
It is ultimately up to Jackie to decide whether she should ignore the company's choice to recycle or not and just keep doing her job.
In Jackie's case, her strong personal values around recycling and environmental sustainability are in conflict with the actions of her employer, Dorf Car Factory, which she has discovered is not fully committed to recycling and proper waste disposal.
The new information about Dorf's actual recycling program could significantly affect Jackie's perception of the company. She may feel betrayed and disillusioned, and may question the integrity and ethics of the company as a whole.
However, it is important for her to consider the potential consequences of staying with a company that does not align with her values, including the potential impact on her mental health and overall well-being. She may also want to consider the possibility of finding other employers who are more open to recycling programs and pursuing opportunities with those companies.
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Qwan Company's payroll for the year is $737,910. Of this amount, $472,120 is for wages paid in excess of $7,000 to each individual employee. The SUTA rate in Qwan Company's state is 2. 9% on the first $7,000 of each employee's earnings. Compute:
Round your answers to the nearest cent. A. Net FUTA tax $fill in the blank 1
b. Net SUTA tax fill in the blank 2
c. Total unemployment taxes $fill in the blank 3
A. Net FUTA tax will be $1,595, B. Net SUTA tax will be $7708 C. Total unemployment taxes will be $9303
Payroll not in excess of 6% = $737,910 - $472,120 = $265,790, A. FUTA is ($265,790 × .06 = 1,594.74), B. SUTA Tax = ($265,790 × .029 = 7707.91 ), C. Total (1594.74 + 7707.91 = 9302.65)
According to the Federal Unemployment Tax Act (FUTA), every business with employees is required to pay a payroll tax, and the money collected from this tax is used to pay for unemployment benefits. By 2021, this FUTA corporation tax will be 6% of the first $7,000 each employee receives annually. While being based on an individual's wages, the FUTA payroll tax is only assessed on companies and not employees. FUTA and SUTA are comparable taxes levied on several levels of government, although FICA and FUTA finance entirely different programmes through levies on separate individuals.
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There are many factors influencing the cost of money for both individuals and corporations. In some cases, cash flows are received in advance, and in other cases, cash flows are received at the end of a period. In still other cases, cash flows are received either quarterly, semi-annually, or yearly. How often interest compounds also has an effect on the cost of money. Find out what your bank is currently paying in interest on a savings account, and when they pay this interest. Report how your bank collects interest on their consumer loans. Explain how the way they collect and pay interest has an effect on interest compounding and on the cost of capital.
The cost of money is affected by many factors, including the frequency of cash flows, the timing of cash flows, and the compounding of interest. Banks typically pay interest on savings accounts either monthly, quarterly, semi-annually, or annually, and they collect interest on consumer loans in the same way. The way that a bank collects and pays interest has a significant effect on the cost of capital and the compounding of interest.
If a bank pays interest on a savings account monthly, the interest will compound more quickly than if the bank pays interest quarterly or annually. This means that the cost of capital will be lower for the bank, since they are able to earn more interest on their savings account. Similarly, if a bank collects interest on a consumer loan monthly, the interest will compound more quickly than if the bank collects interest quarterly or annually. This means that the cost of capital will be higher for the borrower, since they are paying more interest on their loan.
It is important to understand how your bank collects and pays interest, as this can have a significant effect on the cost of money for both individuals and corporations. By knowing the frequency of cash flows and the timing of cash flows, you can make informed decisions about your finances and ensure that you are getting the best possible return on your investment.
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