An example of a money market instrument is: b. A certificate of deposit.
Money market instruments are short-term debt securities that are used by corporations, banks, and governments to raise funds. They typically have maturities of one year or less and are considered to be low-risk investments. Examples of money market instruments include:
- Treasury bills: Short-term debt securities issued by the U.S. government with maturities of one year or less.
- Certificates of deposit (CDs): Time deposits offered by banks that pay a fixed interest rate and have a specific maturity date.
- Commercial paper: Short-term, unsecured promissory notes issued by corporations to raise funds.
- Banker's acceptances: Short-term, negotiable debt instruments that are guaranteed by a bank.
Among the options provided in the question, a certificate of deposit (CD) is an example of a money market instrument. Treasury bills are also considered money market instruments, but treasury bonds are not, as they have maturities of more than one year. Corporate bonds are also not considered money market instruments, as they typically have maturities of more than one year and are considered to be higher-risk investments.
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Assignment 3: Refer to Assignment 2. Assume there is a 60% markup.Compute the selling price per unit for each job. Direct Materials: Job 101, $2600; Job 102, $3000; Job 103, $1000 Direct Labor: Job 101: $2300; Job 102, $2400; Job 103: $900 Factory Overhead: Job 101, $1700; Job 102, $1500; Job 103, $600
The selling price per unit in each job is $10,560; $11,040 and $4,000 respectively. I will show you how to calculate it.
Calculation of the selling price per jobTo compute the selling price per unit for each job with a 60% markup, we first need to calculate the total cost for each job.
The total cost for a job is the sum of direct materials, direct labor, and factory overhead. Once we have the total cost, we can then calculate the markup and add it to the total cost to get the selling price per unit.
For Job 101:
For Job 102:
Total cost = $3000 (direct materials) + $2400 (direct labor) + $1500 (factory overhead) = $6900For Job 103:
Total cost = $1000 (direct materials) + $900 (direct labor) + $600 (factory overhead) = $2500Therefore, the selling price per unit for Job 101 is $10,560, for Job 102 is $11,040, and for Job 103 is $4000.
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Which one of these is not an advantage of Kaplan and Norton's Balanced Scorecard?
1. Allows staff to see how roles fit with mission/objectives
2. Monitoring means any poor performance can be addressed
3. Gives shareholder value ultimate priority
4. Provides a broader view
The option that is not an advantage of Kaplan and Norton's Balanced Scorecard is Gives shareholder value ultimate priority. (3)
Gives shareholder value ultimate priority. The Balanced Scorecard focuses on four different perspectives, including financial, customer, internal processes, and learning and growth, rather than solely prioritizing shareholder value.
It provides a broader view of an organization's performance and allows for the monitoring and addressing of any poor performance. It also helps staff understand how their roles fit with the organization's mission and objectives.
Therefore, option 3 is not an advantage of the Balanced Scorecard.
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Venezuela Corporation built a futsal court at a total cost of $2,500,000. Venezuela received a $500,000 Downpayment (DP) from a local company to support the project, and now needs a $2,000,000 loan to complete the project. The company issues a $2,000,000 bond with an interest rate of 10.5% and a maturity of 10 years. The bonds were issued on January 1, 2009 and the annual interest payment period is January 1. The market interest rate for the bonds is 10%.
(PV10, 10% is 0.38554 and PV of Annuity 10, 10% is 6.14457).
The present value of the bond is $2,060,439.70. This is the amount that Venezuela Corporation will receive when it issues the bond.
The present value of the bond can be calculated by using the formula:
PV = C * (PV of Annuity n, i) + FV * (PV n, i)
Where:
- PV is the present value of the bond
- C is the annual coupon payment
- FV is the face value of the bond
- n is the number of years until maturity
- i is the market interest rate
In this case, the annual coupon payment is $2,000,000 * 10.5% = $210,000. The face value of the bond is $2,000,000. The number of years until maturity is 10, and the market interest rate is 10%.
Plugging these values into the formula, we get:
PV = $210,000 * 6.14457 + $2,000,000 * 0.38554
PV = $1,290,359.70 + $770,080
PV = $2,060,439.70
Therefore, the present value of the bond is $2,060,439.70. This is the amount that Venezuela Corporation will receive when it issues the bond.
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MINICASE Maxine Peru, the CEO of Peru Resources, hardly noticed the plate of savory quenelles de brochet and the glass of Corton Charlemagne '94 on the table before her. She was absorbed by the engineering report handed to her just as she entered the executive dining room. The report described a proposed new mine on the North Ridge of Mt. Zircon. A vein of transcendental zirconium ore had been discovered there on land owned by Ms. Peru's company. Test borings indicated sufficient reserves to produce 340 tons per year of transcendental zirconium over a 7-year period. The vein probably also contained hydrated zircon gemstones. The amount and quality of these zircons were hard to predict, since they tended to occur in "pockets." The new mine might come across one, two, or dozens of pockets. The mining engineer guessed that 150 pounds per year might be found. The current price for high- quality hydrated zircon gemstones was $3,300 per pound. Peru Resources was a family-owned business with total assets of $45 million, including cash reserves of $4 million. The outlay required for the new mine would be a major commitment. Fortunately, Peru Resources was conservatively financed, and Ms. Peru believed that the company could borrow up to $9 million at an interest rate of about 8%. The mine's operating costs were projected at $900,000 per year, including $400,000 of fixed costs and $500,000 of variable costs. Ms. Peru thought these forecasts were accurate. The big question marks seemed to be the initial cost of the mine and the selling price of transcendental zirconium Opening the mine, and providing the necessary machinery and ore-crunching facilities, was supposed to cost $10 million, but cost overruns of 10% or 15% were common in the mining business. In addition, new environmental regulations, if enacted, could increase the cost of the mine by $1.5 million. There was a cheaper design for the mine, which would reduce its cost by $1.7 million and eliminate much of the uncertainty about cost overruns. Unfortunately, this design would require much higher fixed operating costs. Fixed costs would increase to $850,000 per year at planned production levels. The current price of transcendental zirconium was $10,000 per ton, but there was no consensus about future prices. 9 Some experts were projecting rapid price increases to as much as $14,000 per ton. On the other hand, there were pessimists saying that prices could be as low as $7,500 per ton. Ms. Peru did not have strong views either way: Her best guess was that price would just increase with inflation at about 3.5% per year. (Mine operating costs would also increase with inflation.) Ms. Peru had wide experience in the mining business, and she knew that investors in similar projects usually wanted a forecast nominal rate of return of at least 14%. You have been asked to assist Ms. Peru in evaluating this proj-ect. Lay out the base-case NPV analysis, and undertake sensitivity, scenario, or break-even analyses as appropriate. Assume that Peru Resources pays tax at a 35% rate. For simplicity, also assume that the investment in the mine could be depreciated for tax purposes straight-line over 7 years. What forecasts or scenarios should worry Ms. Peru the most? Where would additional information be most helpful? Is there a case for delaying construction of the new mine?
The MINICASE of Maxine Peru and the proposed new mine on the North Ridge of Mt. Zircon involves a number of financial considerations and uncertainties. In order to assist Ms. Peru in evaluating this project, it is important to conduct a base-case NPV analysis, as well as sensitivity, scenario, or break-even analyses as appropriate.
Base-case NPV analysis:
The base-case NPV analysis involves calculating the net present value (NPV) of the project under the base-case assumptions. These assumptions include the initial cost of the mine ($10 million), the operating costs ($900,000 per year), the selling price of transcendental zirconium ($10,000 per ton),
The amount of transcendental zirconium produced (340 tons per year), the amount of hydrated zircon gemstones found (150 pounds per year), the price of hydrated zircon gemstones ($3,300 per pound), the interest rate (8%), the tax rate (35%), and the depreciation schedule (straight-line over 7 years).
Using these assumptions, the NPV of the project can be calculated as follows:
NPV = -Initial cost + PV(Operating cash flows) + PV(Tax benefits) - PV(Interest payments)
= -$10 million + PV($10,000/ton * 340 tons/year - $900,000/year) + PV($10 million/7 years * 35%) - PV($9 million * 8%)
= -$10 million + PV($2.4 million/year) + PV($500,000/year) - PV($720,000/year)
= -$10 million + $2.4 million/PVIFA(8%,7) + $500,000/PVIFA(8%,7) - $720,000/PVIFA(8%,7)
= -$10 million + $2.4 million/5.2064 + $500,000/5.2064 - $720,000/5.2064
= -$10 million + $460,845 + $96,019 - $138,307
= -$7,581,443
The base-case NPV of the project is -$7,581,443, which indicates that the project is not financially viable under the base-case assumptions.
Sensitivity, scenario, or break-even analyses:
In order to better understand the financial viability of the project, it is important to conduct sensitivity, scenario, or break-even analyses. These analyses involve changing one or more of the assumptions in the base-case NPV analysis and examining the impact on the NPV of the project.
Sensitivity analysis involves changing one assumption at a time and examining the impact on the NPV of the project. For example, if the selling price of transcendental zirconium were to increase to $14,000 per ton, the NPV of the project would increase to -$3,952,443.
If the initial cost of the mine were to decrease to $8.3 million (due to the cheaper design), the NPV of the project would increase to -$5,881,443.
Scenario analysis involves changing multiple assumptions at once and examining the impact on the NPV of the project. For example, if the selling price of transcendental zirconium were to increase to $14,000 per ton and the initial cost of the mine were to decrease to $8.3 million, the NPV of the project would increase to -$2,252,443.
Break-even analysis involves determining the values of the assumptions that would result in a NPV of zero. For example, the break-even selling price of transcendental zirconium would be $12,883 per ton, assuming all other assumptions remain the same.
Based on the base-case NPV analysis and the sensitivity, scenario, or break-even analyses, it is clear that the proposed new mine on the North Ridge of Mt. Zircon is not financially viable under the base-case assumptions. However, there are certain assumptions that, if changed, could make the project financially viable.
These include the selling price of transcendental zirconium, the initial cost of the mine, and the operating costs. Additional information about these assumptions would be most helpful in evaluating the project. Additionally, there may be a case for delaying construction of the new mine until there is more certainty about the assumptions.
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You want to save $500,000 dollars for retirement in your 401K over the next 30 years, 27. How much must you deposit weekly if the annuity is paying 7.35%? 28. What will be your total payments into the annuity over the 30 year period? 29. How much interest did you earn while building your annuity? 30. You retire with $500,000 in your 401K which earns 7.35%. What distribution would you receive monthly if you plan to withdraw funds for the next 25 years?
To answer these questions, we need to use the formula for a future value annuity:
FV = P * [(1 + r)^n - 1] / r, where FV is the future value, P is the payment, r is the interest rate, and n is the number of periods.
27. To find the weekly payment, we can rearrange the formula to solve for P: P = FV * r / [(1 + r)^n - 1]. Plugging in the given values, we get:
P = $500,000 * 0.0735 / [(1 + 0.0735)^(30 * 52) - 1] = $40.22
So you must deposit $40.22 weekly to reach your goal.
28. The total payments into the annuity over the 30 year period will be the weekly payment multiplied by the number of weeks: $40.22 * 30 * 52 = $62,741.20
29. The interest earned while building the annuity will be the difference between the future value and the total payments: $500,000 - $62,741.20 = $437,258.80
30. To find the monthly distribution, we can use the formula for a present value annuity: PV = P * [(1 - (1 + r)^-n) / r], and rearrange to solve for P:
P = PV * r / [(1 - (1 + r)^-n)] = $500,000 * 0.0735 / [(1 - (1 + 0.0735)^-(25 * 12))] = $3,323.37
So you would receive $3,323.37 monthly for the next 25 years.
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6. the role of operations is to use resources to transforminputs into outputs. from this perspective. what is a resource fora hospital?a. broken bonesb. sick patientsc. nursesd. healthy pattents
The correct answer is c. nurses. the role of operations is to use resources to transforminputs into outputs. From the perspective nurses is a resource fora hospital
In a hospital, nurses are a resource because they are used to transform sick patients (inputs) into healthy patients (outputs). Broken bones and sick patients are not resources, they are inputs. Healthy patients are not resources, they are outputs. Therefore, the correct answer is c. nurses.Operations management is essential for organizations to manage their daily activities seamlessly.
Operations management controls all the processes and handles issues including design, operation, maintenance, and improvement of the systems.Planning, organizing, and strategizing the daily operations and routine is the primary function of the role of operation.Thus ,the correct option is C.
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On January 1, 2022, AA Company received cash of P1,000,000 and a 4-year, noninterest bearing note to be collected in equal amounts of P600,000 every December 31 of each year. AA company sold an old furniture costing P3,000,000 and carrying amount of P2,200,000 on date of sale. Interest effective on January 1, 2022 is 5%. How much is the interest income in AA's statement of comprehensive income for the period ending December 31, 2022?
The interest income in AA Company's statement of comprehensive income for the period ending December 31, 2022 is P28,571.43.
How do we calculate the interest?The interest income in AA Company's statement of comprehensive income for the period ending December 31, 2022 can be calculated using the formula:
Interest Income = Principal x Interest Rate x Time
Since the note is noninterest bearing, the principal amount is the present value of the future amounts to be collected. This can be calculated using the formula:
Present Value = Future Value / (1 + Interest Rate)^Time
For the first year, the present value of the P600,000 to be collected on December 31, 2022 is:
PV = 600,000 / (1 + 0.05)^1 = 571,428.57
Therefore, the principal amount for the first year is P571,428.57. The interest rate is 5% and the time is 1 year. Plugging these values into the formula for interest income, we get:
Interest Income = 571,428.57 x 0.05 x 1 = 28,571.43
Thus, the interest income in AA Company's statement of comprehensive income for the period ending December 31, 2022 is P28,571.43.
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Cheeseburger and Taco Company purchases 14,971 boxes of cheese each year. It costs $24 to place and ship each order and $5.56 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.
What is the annual carrying costs of cheese inventory?
Round the answer to two decimals.
The annual carrying costs of cheese inventory for the Cheeseburger and Taco Company is $41,637.58.
The annual carrying costs of cheese inventory for the Cheeseburger and Taco Company is $41,637.58, rounded to two decimals.
To find the annual carrying costs of cheese inventory, we need to use the formula for carrying costs: C = (Q/2) * H, where Q is the order quantity, and H is the holding cost per unit per year.
Given that the Cheeseburger and Taco Company purchases 14,971 boxes of cheese each year, and it costs $5.56 per year for each box held as inventory, we can plug these values into the formula to find the annual carrying costs:
C = (14,971/2) * 5.56
C = 7,485.5 * 5.56
C = 41,637.58
To round the answer to two decimals, we can use the following formula:
C = round(41,637.58, 2)
C = 41,637.58
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Assume Project I and Project II are mutually exclusive. If you were asked to find which project should be accepted, your analysis would include calculating the crossover point by finding:
Multiple Choice
A. The net present value of each project using the internal rate of return as the discount rate.
B. The internal rate of return for the differences in the cash flows of the two projects.
C. The internal rate of return for the cash flows of each project.
D. The discount rate that equates the discounted payback periods for each project.
E. The discount rate that makes the net present value of each project equal to 1.
Assume Project I and Project II are mutually exclusive. If you were asked to find which project should be accepted, your analysis would include calculating the crossover point by finding :The internal rate of return for the differences in the cash flows of the two projects. The correct answer is B.
In order to find which project should be accepted, we need to calculate the crossover point, which is the point at which the net present value (NPV) of the two projects are equal. This can be done by finding the internal rate of return (IRR) for the differences in the cash flows of the two projects.
By doing this, we can determine at what discount rate the NPV of the two projects will be equal, and therefore which project should be accepted.
Option A is incorrect because the net present value should be calculated using the discount rate, not the internal rate of return. Option C is incorrect because we need to find the IRR for the differences in the cash flows, not the cash flows of each project individually.
Option D is incorrect because the discounted payback periods are not relevant to finding the crossover point. Option E is incorrect because the discount rate should make the NPV of each project equal to each other, not equal to 1.
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Evaluate a KSA company and their processes of strategy execution.1- How does the strategy developed in the strategic planning processes translate into action for this company? Consider the role of capital expenditure budgets, operating plans, and performance management systems.2- What role do resources, processes, motivation, play in strategy execution in this company and what stands in the way?3- How does this company's structure and management system promote the effective implementation of the company's strategy?4- What specific organizational capability should the company develop to support implementation?
The process of strategy execution in a KSA company involves translating the strategic plan into action, managing resources and processes, motivating employees, and developing organizational capabilities to support implementation.
Each of these factors plays an important role in ensuring the successful execution of the company's strategy.
1. The strategy developed in the strategic planning process is translated into action through the use of capital expenditure budgets, operating plans, and performance management systems. Capital expenditure budgets allocate resources for long-term investments, while operating plans outline the day-to-day activities required to achieve the company's goals. Performance management systems are used to measure and evaluate the company's progress toward its strategic objectives.
2. Resources, processes, and motivation all play important roles in strategy execution. Resources are required to implement the company's strategy, and processes must be managed effectively to ensure that resources are used efficiently. Motivation is also important, as employees must be motivated to work toward the company's strategic objectives. However, there are also potential obstacles to strategy execution, such as resource constraints, organizational resistance, and competing priorities.
3. The company's structure and management system are designed to promote the effective implementation of its strategy. This may include the use of cross-functional teams, a strong corporate culture, and clear lines of accountability. The company's structure and management system should also be aligned with its strategic objectives, in order to ensure that everyone is working toward the same goals.
4. In order to support the implementation of its strategy, the company should develop specific organizational capabilities. This may include building a strong brand, developing innovative products or services, or creating a customer-centric culture. By developing these capabilities, the company will be better positioned to execute its strategy and achieve its long-term goals.
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progress. 2 Mestones Professional - Budget Analysis mig! Connections Edit Dates OX Insert Layout Format View Tools SelectionPls answer clear step by step
Budget analysis involves examining and explaining the components of budget expenditure and revenue. The use of budget indicators (ratios) can help to improve understanding of issues such as the level of implementation of expenditure and revenue budgets or the structure of the budget.
There are several steps to complete a budget analysis:
1. Gather the necessary data and information for the budget analysis.
2. Set milestones for the analysis, such as deadlines and key objectives.
3. Analyze the data and create the budget.
4. Review the budget and make any necessary adjustments.
5. Communicate the budget to stakeholders.
6. Monitor progress and performance against the budget.
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Write about logistics performance priorities for "Dominos's Pizza" fast food restaurant chain in Covid 19 restrictions; explain why you have come to your conclusions:The Answer must follow the outline points below:1. Problem Description (2 Marks, word count rage 400-500)- Describe the objectives clearly and specifically.- The objective may involve either logistics decision-making or process improvement.
Logistics performance priorities for the Domino's Pizza fast food restaurant chain in the Covid 19 restrictions have been mainly focused on three objectives: (1) maintaining adequate health and safety standards, (2) keeping delivery times short, and (3) ensuring food quality and freshness.
Maintaining adequate health and safety standards has been the most important priority for Domino's during Covid 19, as their primary goal has been to protect the safety and wellbeing of their customers and staff. To this end, they have implemented various health and safety protocols, such as contactless deliveries and frequent cleaning and sanitization.
Keeping delivery times short has been a priority as well. Domino's has invested in technological innovations and delivery strategies to ensure that customers receive their orders as quickly as possible. For example, they have invested in an artificial intelligence-powered platform, called 'Domino's Hotspots', which allow customers to receive their orders without waiting for delivery personnel.
Ensuring food quality and freshness has also been a priority for Domino's during Covid 19. They have taken measures to ensure that the food they deliver is of high quality and is prepared in a safe and hygienic manner. They have also invested in sophisticated packaging solutions to ensure that their food remains fresh and is delivered in a timely manner.
By focusing on these three objectives, Domino's has been able to maintain their standards of service during Covid 19 and ensure that their customers continue to have a positive experience with their restaurant.
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Grace is a self-employed sales consultant who spends significant time entertaining potential customers. She keeps all the appropriate records to substantiate her entertainment. She has the following expenses in the current year:
Restaurant meals $5,000
Greens fees (all business) 500
Tickets to baseball games 500
Country Club dues (all business use) 6,000
What is the tax-deductible entertainment expense Grace may claim in the current year?
Randi qualifies for a home deduction. The amount of space devoted to business use is 400 square feet of the total 2,000 square feet of her home. Randi's mortgage interest and property taxes in total are $1,600. Other deductions properly allocated to the home office total $300. In addition, Randi purchases and uses supplies costing $200 during the year. Assume Randi earns income of $3,400 for the year before deducting any home office or supplies deduction. Assuming Randi uses the simplified method, calculate his home office deduction limitation and his actual home office deduction (ignore self-employment taxes).
Grace may claim a tax-deductible entertainment expense of $3,500 in the current year. This is because the IRS only allows a 50% deduction for meals and entertainment expenses.
Therefore, Grace's $5,000 in restaurant meals is reduced to $2,500 ($5,000 x 50%). Her greens fees and tickets to baseball games are fully deductible, so she may claim the full $500 for each of those expenses. However, country club dues are not deductible, so she cannot claim any of the $6,000 she spent on those. Therefore, Grace's total tax-deductible entertainment expense is $2,500 (meals) + $500 (greens fees) + $500 (baseball tickets) = $3,500.For Randi, the simplified method allows for a deduction of $5 per square foot of the home used for business, up to a maximum of 300 square feet. Since Randi uses 400 square feet of her home for business, she is limited to the maximum deduction of $1,500 (300 square feet x $5). However, because her income before the home office deduction is only $3,400, her actual home office deduction is limited to $1,900 ($3,400 - $1,500). This means that Randi can deduct $1,900 for her home office expenses, plus the $200 she spent on supplies, for a total deduction of $2,100.Learn more about self-employed sales here:https://brainly.com/question/17269472
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Consider the different types of team members who would be essential in developing a new business or entrepreneurial venture. What skills and talents do you feel would need to be included? Share with t
In developing a new business or entrepreneurial venture, essential team members should possess a variety of skills and talents. These may include - Leadership, problem solving skills, technical skills.
In developing a new business or entrepreneurial venture, essential team members should possess a variety of skills and talents. These may include:
Business acumen, such as knowledge of the industry, market trends, and the ability to generate and analyze financial data.Leadership and management skills, such as the ability to plan, motivate, and organize people.Creativity, such as the ability to develop innovative products and services.Communication and interpersonal skills, such as the ability to listen, collaborate, and effectively convey ideas.Problem solving skills, such as the ability to analyze and resolve problems.Technical skills, such as the ability to use computers and other technology.For such more question on technical:
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Define organizational culture and link how it is classified to
your organizational features (or one you are familiar with)
Organizational culture is the set of beliefs, values, norms, and practices that shape the way an organization operates and interacts with its stakeholders.
It is often referred to as the "personality" of the organization and can be classified into four main types: clan, adhocracy, market, and hierarchy.
Clan culture is characterized by a strong sense of family and collaboration among employees, with an emphasis on mentoring and nurturing.
Adhocracy culture values creativity, innovation, and risk-taking, with a focus on flexibility and adaptability.
Market culture is competitive and results-oriented, with a focus on achieving goals and maintaining a strong market position.
Hierarchy culture is structured and formal, with clear roles and responsibilities and an emphasis on efficiency and stability.
In my organization, the organizational culture we have is a strong clan culture. There is a sense of camaraderie and support among employees, and we often work together on projects and share ideas.
We also have a mentoring program in place to help new employees learn the ropes and develop their skills. This has helped to create a positive and productive work environment and has contributed to the success of the organization.
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The approaches to risk management post the global financial
crisis of 2008. (Traditional and Enterprise wide)
The global financial crisis of 2008 exposed weaknesses in the traditional approach to risk management and prompted organizations to adopt a more holistic and enterprise-wide approach to risk management.
Traditional risk management involved identifying and mitigating individual risks within specific business units or functions.
In contrast, enterprise-wide risk management (ERM) takes a holistic view of risk across the entire organization. It involves identifying, assessing, and managing risks at all levels and across all business units and functions.
ERM also considers the potential impact of risks on the organization's strategic objectives and overall performance.
ERM is now considered a best practice in risk management and is often required by regulators and investors.
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Suppose that a popular hotel for vacationers in Orlando, Florida, has a total of 300 identical rooms. As many major airline companies do, this hotel has adopted an overbooking policy in an effort to maximize the usage of its available lodging capacity. Assume that each potential hotel customer holding a room reservation, independently of other customers, cancels the reservation or simply does not show up at the hotel on a given night with probability 0. 15. A. Find the largest number of room reservations that this hotel can book and still be at least 95% sure that everyone who shows up at the hotel will have a room on a given night. B. Given that the hotel books the number of reservations found in part a, find the probability that at least 90% of the available rooms will be occupied on a given night. C. Given that the hotel books the number of reservations found in part a, find the probability that at most 80% of the available rooms will be occupied on a given night. D. How does your answer to part a change as the required assurance rate increases from 95% to 97%? How does your answer to part a change as the required assurance rate increases from 95% to 99%?e. How does your answer to part a change as the cancellation rate varies between 5% and 25% (in increments of 5%)? Assume now that the required assurance rate remains at 95%
a. The largest number of room reservations that this hotel can book and still be at least 95% confident that everyone who shows up at the hotel will have a room on a given night is 341.
How to find the probability that at least 90% of the available rooms will be occupied on a given nightb. If the hotel books 341 reservations (as determined in part a), the probability that at least 90% of the available rooms will be occupied on a given night is 0.0072.
c. If the hotel books 341 reservations (as determined in part a), the probability that at most 80% of the available rooms will be occupied on a given night is 0.1157.
d. As the required assurance rate increases from 95% to 97%, the largest number of room reservations that this hotel can book and still be at least 97% confident that everyone who shows up at the hotel will have a room on a given night decreases to 338.8.
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Explain the development of brand personality of Richard Mille. While doing that, students will need to give a timeline of product development, communication, distribution along with the identification of target segments for both of this brand. Basically, students need to decide clearly with this example, how brands should be working to clarify their identities with distinct personalities.
The brand identity of Richard Mille has developed over the years, from a small Swiss watchmaker to a luxury brand with a bold, innovative personality. The development of the brand began in 1999, when Richard Mille created his first watch, the RM001, with a revolutionary case design and materials. This marked the beginning of the brand's mission to create innovative, high-performance watches with an emphasis on design and craftsmanship.
The brand has since built its reputation through strategic product launches, marketing campaigns and creative partnerships. In 2004, Richard Mille established a partnership with Formula One driver, Felipe Massa, to launch the RM007, a watch designed specifically for the track. This partnership opened the Richard Mille brand to a new audience of motorsport enthusiasts.
Richard Mille has also targeted wealthy collectors and luxury watch aficionados with its limited-edition timepieces. In 2012, the brand released the RM052, a tourbillon with a skull motif, which was a popular choice among the brand's high-end customers.
The brand has continued to refine its identity, positioning itself as a bold, daring innovator in the luxury watch market. By targeting its specific customer segment, Richard Mille has been able to develop a distinct brand personality and establish itself as a leader in the industry.
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In my opinion, we ought to stop making our own drums and accept that outside supplier’s offer," said Wim Niewindt, managing director of Antilles Refining, N.V., of Aruba. "At a price of $18 per drum, we would be paying $5 less than it costs us to manufacture the drums in our own plant. Since we use 60,000 drums a year, that would be an annual cost savings of $300,000." Antilles Refining’s current cost to manufacture one drum is given below (based on 60,000 drums per year):
Direct Materials $10.35
Direct Labor $6.00
Variable Overhead $1.50
Fixed Overhead
($2.80 general company overhead, $1.60 depreciation, $0.75 supervision) $5.15
Total Cost per Drum $23.00
A decision about whether to make or buy the drums is especially important at this time because the equipment being used to make the drums is completely worn out and must be replaced. The choices facing the company are: Alternative 1: Rent new equipment and continue to make the drums. The equipment would be rented for $135,000 per year. Alternative 2: Purchase the drums from an outside supplier at $18 per drum. The new equipment would be more efficient than the equipment that Antilles Refining has been using and, according to the manufacturer, would reduce direct labor and variable overhead costs by 30%. The old equipment has no resale value. Supervision cost ($45,000 per year) and direct materials cost per drum would not be affected by the new equipment. The new equipment’s capacity would be 90,000 drums per year. The company’s total general company overhead would be unaffected by this decision. To assist the managing director in making a decision, prepare an analysis showing the total cost and the cost per drum for each of the two alternatives given above. Assume that 60,000 drums are needed each year. Which course of action would you recommend to the managing director?
Based on the provided information, total cost and the cost per drum for alternative 1 is $1,380,000 and $23.00 and for alternative 2 is $1,080,000 and $18.00 respectively. Based on the analysis, Alternative 2 is the more cost-effective option.
The total cost and cost per drum for each of the two alternatives can be calculated as follows.
CostAlternative 1: Rent new equipment and continue to make the drums
- Direct Materials: $10.35 x 60,000 = $621,000
- Direct Labor: $6.00 x 60,000 x 0.7 = $252,000 (30% reduction)
- Variable Overhead: $1.50 x 60,000 x 0.7 = $63,000 (30% reduction)
- Fixed Overhead: $5.15 x 60,000 = $309,000
- Equipment Rental: $135,000
Total Cost: $1,380,000
Cost per Drum: $1,380,000 / 60,000 = $23.00
Alternative 2: Purchase the drums from an outside supplier at $18 per drum
- Cost of Drums: $18 x 60,000 = $1,080,000
Total Cost: $1,080,000
Cost per Drum: $1,080,000 / 60,000 = $18.00
Based on the analysis, Alternative 2 is the more cost-effective option, with a total cost of $1,080,000 and a cost per drum of $18.00, compared to Alternative 1's total cost of $1,380,000 and cost per drum of $23.00. Therefore, I would recommend that the managing director choose Alternative 2 and purchase the drums from an outside supplier.
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Aqua System Inc. expects to have $11,559,058 in credit sales during the coming year. Currently all checks are sent to the home office. A proposed lockbox system can eliminate 5 days of float, releasing funds which, when invested, will earn 14.05 percent per year. What annual savings can Aqua System expect if the system is implemented? Use a 365-day year.
Round the answer to two decimal places
Aqua System Inc. expects to have $11,559,058 in credit sales during the coming year. Currently all checks are sent to the home office. A proposed lockbox system can eliminate 5 days of float, releasing funds which, when invested, will earn 14.05 percent per year. Aqua System can expect to save $21,616.34 annually if the lockbox system is implemented.
To find the annual savings that Aqua System can expect if the lockbox system is implemented, we can use the following formula:
Annual savings = Credit sales × Float reduction × Interest rate
Where:
- Credit sales = $11,559,058
- Float reduction = 5 days / 365 days = 0.01369863
- Interest rate = 14.05%
Plugging in the values, we get:
Annual savings = $11,559,058 × 0.01369863 × 0.1405
Annual savings = $21,616.34
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operation management in business fieldb) With the aid of suitable illustrative examples, discuss the extent to which rule based Expert Systems (ESs) can support the Human Resources (HR) function of an organisation. Include an overview of a rule-based ES within your answer. (16 marks)
Rule-based Expert Systems (ESs) can provide a great support to Human Resources (HR) functions within an organization. For example, ESs can be used to help with recruitment and selection processes by scanning through resumes to match applicants to job specifications, shortlisting and automatically scheduling interviews.
ESs can automate certain processes and activities within HR, freeing up staff to focus on more complex or important tasks.
ESs can also provide guidance on employee training and development, suggesting courses and training programs for different types of roles and making recommendations based on employee performance.
Finally, ESs can support the payroll function by calculating salaries and other payroll-related activities.
Rule-based ESs are composed of a database of rules and procedures which the system uses to make decisions. These rules must be written in such a way that they are easy to understand and interpret, allowing the ES to make decisions based on information it receives.
To illustrate, let's consider a rule-based ES used to evaluate employee performance. This ES could contain a set of rules that define acceptable levels of performance and provide guidance on rewards and disciplinary actions.
Based on this set of rules, the ES could then evaluate employee performance and recommend suitable actions.
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12/31/2019 Year-end Adjustment Data for Bruce and Emmett Corp is as follows:
1. $300,000 in sales on account had not been recorded but were shipped FOB Shipping Point on December 31. The cost of this inventory was $140,000. Bruce and Emmett use a perpetual inventory system.
2. Employees are allowed to carry over up to 10 days of earned vacation days per year up to 40 days. Employees earn an average of $150 per day. A total of 500 earned vacation days will be carried over to 2020. It is probable that the employees will take the vacation days.
3. Accrued wages at December 31, 2019 amount to $50,000.
4. You discover that a product sale was made and recorded in December for $50,000; the product had not yet been shipped. The cost of the product was $24,000.
5. The Prepaid Expense account balance includes the $24,000 cost of a two year insurance policy purchased on April 1, 2019. (Prepaid Expense was debited for $24,000 on April 1, 2019)
6. Depreciation & Amortization expense for the year is $150,000
7. Interest expense accrued on its long-term liabilities is $35,000.
8. A dividend of $40,000 was declared on December 16, to be paid on January 15, 2020
9. It is estimated that 5% of accounts receivable will be uncollectable.
10. Income tax expense is 30% of income before income tax.
INSTRUCTIONS: A. Record the adjusting journal entries
B. Compute the adjusted trial balance amounts
C. Prepare in good form:
a. Multiple Step Income Statement with an other gains and losses section
b. Balance Sheet
c. Retained Earnings Statement
D. Compute the following ratios: Current Ratio, Profit Margin on Sales, Debt to Assets, Earnings per Share, and Book Value per share
E. Record Closing Entries
A. Adjusting journal entries: Sales on account (A/R) 300,000, Cost of goods sold (Inventory) 140,000 and Inventory 140,000. Where Vacation expense is 75,000 and Vacation liability 75,000.
Here are the journal entries:
Wages expense 50,000
Wages payable 50,000
Accounts receivable 50,000
Sales revenue 50,000
Cost of goods sold 24,000
Inventory 24,000
Insurance expense 12,000
Prepaid expense 12,000 [(24,000/24 months) * 9 months]
Depreciation and amortization expense 150,000
Accumulated depreciation and amortization 150,000
Interest expense 35,000
Interest payable 35,000
Bad debt expense 7,500
Allowance for doubtful accounts 7,500 [(5%*A/R) = (5%*150,000)]
B. Adjusted trial balance:
Cash 100,000
Accounts receivable 142,500 (150,000 - 7,500)
Inventory 276,000 (140,000 + 24,000 + 112,000)
Prepaid expenses 12,000
Property, plant & equip 600,000
Accum. dep. & amort. -150,000
Goodwill 60,000
Vacation liability 75,000
Wages payable 50,000
Interest payable 35,000
Accounts payable 80,000
Long-term liabilities 400,000
Common stock 500,000
Retained earnings 365,500 (500,000 - 40,000 - 75,000 - 50,000 - 35,000 - 7,500)
Total 2,111,000
Along with Stockholders' equity which results in Common.
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It is critical that a supplier develops a set of service criteria that is meaningful to the
It is critical that a supplier develops a set of service criteria that is meaningful to the customer because it allows the supplier to understand the customer's needs and expectations.
A supplier should develop a set of service criteria that are tailored to the specific needs and objectives of the customer. This set of criteria should include measurable criteria and performance indicators to ensure the supplier is meeting the customer's expectations.
By understanding what the customer values and expects from the supplier, the supplier can tailor their products and services to better meet those needs and expectations.
This can help build stronger relationships between the supplier and customer, leading to increased customer satisfaction and loyalty.
Additionally, having a set of service criteria can help the supplier measure their performance and make improvements to their products and services. Overall, developing a set of service criteria that is meaningful to the customer is important for the success of the supplier's business.
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You’re the HR supervisor for PANDA in Khobar. The new Admin
Manager thinks that he is not responsible for any HR duties.
Explain three [3] of his HR duties to him in detail, using
examples.
As the HR supervisor for PANDA in Khobar, it is important to ensure that the new Admin Manager understands his HR duties.
Here are three of his HR duties in detail, with examples:
1. Recruitment and Selection: As the Admin Manager, one of your HR duties is to oversee the recruitment and selection process for new employees. This includes creating job postings, reviewing resumes, conducting interviews, and making hiring decisions. For example, if PANDA is looking to hire a new sales associate, you would be responsible for creating the job posting, reviewing resumes from applicants, and conducting interviews to find the best candidate for the position.
2. Employee Relations: Another HR duty that you have as the Admin Manager is to manage employee relations. This includes handling employee complaints, resolving conflicts, and maintaining a positive work environment. For example, if an employee comes to you with a complaint about their supervisor, it would be your responsibility to listen to their concerns and work to resolve the issue.
3. Training and Development: As the Admin Manager, you are also responsible for overseeing the training and development of employees. This includes conducting new employee orientations, providing ongoing training and support, and helping employees develop their skills and advance in their careers. For example, if an employee is looking to move into a management role, you would be responsible for providing them with the training and support they need to be successful in that role.
Overall, as the Admin Manager, it is important to understand that you have a variety of HR duties that are critical to the success of the organization. By fulfilling these duties, you can help ensure that PANDA is a positive and productive place to work.
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If your firm's actual debt ratio is different from its "recommended" debt ratio, how should they get from the actual to the optimal? In particular. Should they do it gradually over time or should they do it right now? Should they alter their existing mix (by buying back stock or retiring debt) or should they take new projects with debt or equity? What type of financing should this firm use? In particular, should it be short term or long term? What currency should it be in? What special features should the financing have?
To get from the actual debt ratio to the optimal debt ratio, a firm can use several methods. One method is to gradually adjust the debt ratio over time.
This can be done by altering the existing mix of debt and equity through buying back stock or retiring debt. Another method is to take on new projects with debt or equity to achieve the desired debt ratio.
The type of financing that the firm should use depends on its specific situation. If the firm needs to raise funds quickly, short-term financing may be more appropriate. However, if the firm is looking for long-term stability, long-term financing may be a better option. Additionally, the currency of the financing should be carefully considered, as fluctuations in exchange rates can have a significant impact on the firm's finances.
Finally, the firm should consider any special features that may be beneficial for its financing. For example, convertible debt, which allows the firm to convert debt into equity, may be an attractive option. Other features, such as warrants or options, may also be beneficial for the firm.
Overall, the optimal debt ratio and financing strategy for a firm will depend on its specific situation and goals. It is important for the firm to carefully consider its options and make informed decisions to achieve its desired financial position.
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What MUST you have in order to complete a
federal, state, or local tax return form?
A. online internet access
B. all of your W-2 form(s)
C. your employer's permission
D. the permission of the manager at your bank
All of your W-2 form is what you must have in order to complete federal, state, or local tax return form.
What is tax return?A tax return is a form filed with the government that reports an individual's or business's income, expenses, and other relevant financial information for a specific tax period. Tax returns are used to calculate the amount of tax owed or the amount of refund due. Individuals and businesses are required to file tax returns annually with their respective tax authorities. In the United States, the Internal Revenue Service (IRS) is responsible for collecting federal taxes and processing tax returns. Tax returns can be filed electronically or by mail. The information provided in a tax return varies depending on the type of tax return being filed. For example, an individual's tax return typically includes information on their income, deductions, and credits, while a business tax return may include information on their revenue, expenses, and investments.
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The Mar Ltd has forecast the following sales for the first seven months of the year.
January
February
March
April
May
June
July
$13,000
$15,000
$17,000
$23,000
$13,000
$19,000
$21,000
Monthly material purchases are set equal to 35 percent of forecasted sales for the next month. Of the total material costs, 40 percent are paid in the month of purchase and 55 percent are paid in the following month.
Labour costs will run $4,600 per month, and fixed overhead is $2,300 per month. Interest payments on the debt will be $1,200 for both March and June.
Finally, the Mar Ltd sales people will receive a 2.5% commission on total sales for the first six months of the year, to be paid on June 30.
Required:
Prepare a month summary of cash payments for the six months from January through June.
Suggested format (i.e. optional)
January:
Material costs: 35% of $13,000 = $4,550, 40% of which is paid in January = $1,820.
Labour costs: $4,600
Fixed overhead: $2,300
Total Cash Payments: $8,720
February:
Material costs: 35% of $15,000 = $5,250, 40% of which is paid in February = $2,100, and 55% of which is carried over from January = $2,425.
Labour costs: $4,600
Fixed overhead: $2,300
Total Cash Payments: $9,425
March:
Material costs: 35% of $17,000 = $5,950, 40% of which is paid in March = $2,380, and 55% of which is carried over from February = $3,270.
Labour costs: $4,600
Fixed overhead: $2,300
Interest payments: $1,200
Total Cash Payments: $13,450
April:
Material costs: 35% of $23,000 = $8,050, 40% of which is paid in April = $3,220, and 55% of which is carried over from March = $4,430.
Labour costs: $4,600
Fixed overhead: $2,300
Total Cash Payments: $10,150
May:
Material costs: 35% of $13,000 = $4,550, 40% of which is paid in May = $1,820, and 55% of which is carried over from April = $2,730.
Labour costs: $4,600
Fixed overhead: $2,300
Total Cash Payments: $9,350
June:
Material costs: 35% of $19,000 = $6,650, 40% of which is paid in June = $2,660, and 55% of which is carried over from May = $3,675.
Labour costs: $4,600
Fixed overhead: $2,300
Interest payments: $1,200
Sales commission: 2.5% of $90,000 = $2,250
Total Cash Payments: $15,885
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I need three top questions about "What is needed to take the
decision GO/NO GO in process development?" If we assume that the
money and time are not the main issues.
The decision to GO or NO GO in process development is an important one and should be based on a careful consideration of a variety of factors. Here are three top questions to consider when making this decision:
1. What are the potential benefits of moving forward with this process development? Consider the potential impact on productivity, quality, and customer satisfaction.
2. What are the potential risks associated with moving forward with this process development? Consider the potential impact on safety, compliance, and reputation.
3. What resources are needed to successfully implement this process development? Consider the necessary personnel, technology, and support systems.
By carefully considering these questions, you can make an informed decision about whether to GO or NO GO in process development.
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Idea managers are responsible for organizing, structuring, and monitoring the idea management process. They inspire colleagues to think about improvements, identify company problems and challenges, and submit ideas for improvement. There are many ways to reward employees for ideas.
What does a successful bonus system in idea management look like from your point of view?
A successful bonus system in idea management is one that is fair and equitable to all employees, regardless of their position within the company. It should also be clear and transparent, with specific criteria for determining which ideas are eligible for rewards and how those rewards will be distributed.
In my view, a successful bonus system in idea management should include a variety of rewards, including financial incentives, recognition and praise, and opportunities for career development. Financial incentives might include cash bonuses, stock options, or profit sharing,
While recognition and praise could come in the form of public recognition at company meetings, awards, or other forms of acknowledgement. Opportunities for career development could include training and development programs, mentorship opportunities, or promotions.
Ultimately, a successful bonus system in idea management should be designed to motivate and inspire employees to come up with innovative ideas and solutions that will benefit the company as a whole. It should also be flexible and adaptable, so that it can evolve as the needs of the company and its employees change over time.
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Please use the following information for this question.
Exchange Rate
Interest Rate Annual %
is
S($/€)
F360($/€)
$1.25/€
$1.20/€
2%
5%
(a) Does covered interest rate parity hold? (Just state your answer – no explanation required.)
(b) To earn profits via covered interest arbitrage, would you borrow in euros and lend in US$, or borrow in US$ and lend in euros? (Just state your answer – no explanation required.)
(c) Suppose you are a German investor who cares about profits measured in euros. You can either borrow €1,000,000 or $1,250,000 for one year, what is the profit you can earn via covered interest arbitrage?
(d) In response to investors carrying out covered interest arbitrage, will i$ increase or decrease? (Just state your answer – no explanation required.)
(a) Covered interest rate parity does not hold
(b) To earn profits via covered interest arbitrage, you would borrow in euros and lend in US$.
(c) If you are a German investor who cares about profits measured in euros, you can earn a profit of €25,000 via covered interest arbitrage
(d) In response to investors carrying out covered interest arbitrage, i$ will decrease.
(a) Covered interest rate parity does not hold because the forward exchange rate is not equal to the spot exchange rate multiplied by the ratio of interest rates. Specifically, F360($/€) ≠ S($/€) × (1 + i$)/(1 + i€).
(b) To earn profits via covered interest arbitrage, you would borrow in euros and lend in US$. This is because the interest rate in euros is lower than the interest rate in US$, so you can borrow at a lower cost and earn a higher return on your investment.
(c) If you are a German investor who cares about profits measured in euros, you can earn a profit of €25,000 via covered interest arbitrage. Here's how:
1. Borrow €1,000,000 at an interest rate of 2%.
2. Convert the borrowed euros to US$ at the spot exchange rate of $1.25/€. This gives you $1,250,000.
3. Lend the US$ at an interest rate of 5% for one year. After one year, you will have $1,312,500.
4. Convert the US$ back to euros at the forward exchange rate of $1.20/€. This gives you €1,093,750.
5. Repay the borrowed euros plus interest, which is €1,000,000 × (1 + 0.02) = €1,020,000.
6. Your profit is €1,093,750 - €1,020,000 = €73,750.
(d) In response to investors carrying out covered interest arbitrage, i$ will decrease. This is because the demand for US$ will decrease as investors borrow in euros and convert to US$ to carry out the arbitrage. As the demand for US$ decreases, the interest rate on US$ will also decrease.
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