The four stages for a group to become a team as outlined by Butterfield (2010) are forming, storming, norming, and performing.
Forming is the initial stage in which the group members are getting to know one another and establishing the team’s purpose and structure. During the storming stage, members come together to define roles, resolve conflict, and build trust. In the norming stage, members become comfortable with each other, begin to work together more efficiently, and agree on their shared goals. The performing stage is where members have a sense of mutual understanding, trust, and support and are able to work together as a unified team.
In order to help the reader’s group evolve into a team, they need to progress through each of the four stages.
In conclusion, becoming a team is a process that requires patience and dedication. By guiding a group through the four stages outlined by Butterfield (2010), the leader can help their group evolve into a strong, unified team that works together towards a common goal.
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What marriott brand has deep roots in communities and iconic heritage that has garnered worldwide acceptance and trust?
Answer:
JW "Marriott" brand
Explanation:
Describe ONE (1) reason of why discipline in workplace is
important. Then briefly explain TWO (2) situations that will cause
the employee to be called for disciplinary actions.
Discipline in the workplace is important for a variety of reasons, including maintaining a productive and efficient work environment, ensuring the safety of all employees, and preventing misconduct or inappropriate behavior.
Two situations that could lead to disciplinary actions for an employee include:
1. Violating company policies or procedures: This could include anything from not following proper safety protocols to engaging in unethical behavior, such as stealing or harassment.
2. Poor job performance: If an employee consistently fails to meet expectations or does not complete tasks in a timely or satisfactory manner, they may be subject to disciplinary actions.
Both of these situations could result in a variety of disciplinary actions, ranging from verbal warnings to termination, depending on the severity of the issue and the company's policies.
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Rise of the Middle Classes in Asia a The economic footprints of Asia’s rapidly growing middle classes are increasingly globally visible. For instance, private vehicle ownership, widely seen as the symbol of wealth for Asia's emerging middle classes is growing exponentially. China has become the world's largest automobile market, having overtaken the US market in 2009. In 1992, sales of all vehicles in China were about 1 million units. By 2010, this figure exceeded 15 million units (up from 2 million in 2000 and 13.6 million in 2009). Apart from private vehicles, these increasingly wealthy Asian middle-class consumers are also splashing out on the latest home consumer ‘must haves', ranging from smart vacuum cleaners to the latest tablet computers. Today, China and India are the world's largest markets for mobile phone and holiday services, as their middle-class consumers look out for new ways to spend their growing disposable incomes. According to recent study conducted by the Asian Development Bank's (www.adb.org), Asia’s rapidly expanding middle classes are projected to assume the traditional role of the US and Western Europe as primary global consumers. Middle classes, in ADB's definition, are those earnings between US$2 and US$20 a day. Within this earnings range, it can be sub-divided into: (a) lower-middle (US$2-$4); (b) middle-middle (US$4-$10) and (c) upper- middle (US$10-$20). Due to successful economic policies and improved access to education, previously poor households have moved up the ‘social ladder' to be middle class. Five Asian countries with the largest middle class by population shares are Azerbaijan, Malaysia, Thailand, Kazakhstan and Georgia. China and India are the top two in absolute numbers. It is estimated that 56% of population in Asia can be classified as middle class, which is equivalent to 1.9 billion people. This represents a 300-times increase between 1990 and 2010 (565 million were classified as middle class in 1990). By 2030, it is projected this population will be 2.7 billion. China is home to Asia's largest and richest middle-class population. It is a country which has only recently emerged from the grip of poverty during the Mao Tse-Tung era. Today, many Chinese cities can be characterized by skyscrapers, clean streets, massive shopping malls selling thousands of Western branded goods and sophisticated consumers, rivalling Singapore and Hong Kong. If current trends continue, China will be the new economic superpower by 2025, with a per capita income matching the USA and consuming more oil than the entire world uses today. And, of course, it will have some 1.3 billion consumers, enjoying their new found wealth. The masses of newly educated Chinese care more about their stability and material gains, very much like their Hong Kong and Malaysia cousins, than they care about those things that seem to obsess the West - e.g. human rights and democracy. The growing sophistication of the middle classes will be one catalyst to change. Many have been educated abroad, exposed to both the good things in life and the bad like drugs and vice. They inculcated with material ambition and the energy that feeds China's success. They want to have their own houses (many couples live in rented apartments or still with parents), travel, watch TV, speak English and go out. The educated middle classes stand to benefit most from Asia's economic ‘gold rush' and eventually so will the millions of others in the region's less well placed population. It is believed that policies that fuel the growth of middle classes can be more cost effective at long-term poverty reduction than policies that focus solely on the poor. Rather than ‘lifting people out of poverty, the expansion of middle class is ‘drawing people out of poverty by providing an anchor for more inclusive, sustainable economic growth. A growing middle-class population would also demand good governance and a better social safety net that leads to better education, healthcare and social security. The continuous growth of Asia's middle classes requires policies which both bolster the new status of the middle class and address its adverse effects. There must be a sustained programme of job creation, universal education and affordable healthcare. Growing income will support steady consumption patterns. However, self-sustaining income growth and prosperity can only be built on the foundation of a skilled and productive labour force, which both generates higher income and channels it back into society. Questions: 1. What evidence shows that the Asia's middle class is rapidly growing? 2. Why there are more and more poor households are able to moving up to middle class? 3. Why foreign firms are eager to enter the Asia's especially China market? List supportive evidence.
1. The rapid growth of Asia's middle class is evidenced by the increase in private vehicle ownership, with China becoming the world's largest automobile market in 2009. 2. . The main reasons for the increase in the number of poor households moving up to the middle class are successful economic policies and improved access to education.3.Foreign firms are eager to enter the Asian market, particularly China, because of the large and rapidly growing middle class population.
1.Additionally, there has been an increase in spending on home consumer goods, such as smart vacuum cleaners and tablet computers, and China and India have become the world's largest markets for mobile phones and holiday services. Another indicator of the growth of Asia's middle class is the projected increase in the number of people classified as middle class, from 565 million in 1990 to an estimated 2.7 billion by 2030.
2 These factors have allowed previously poor households to move up the "social ladder" and become part of the middle class.
3. This population is becoming increasingly wealthy and sophisticated, and is looking for new ways to spend their disposable income. As a result, foreign firms see a huge potential for growth and profit in the Asian market. Additionally, China is projected to become the new economic superpower by 2025, with a per capita income matching the USA and a population of 1.3 billion consumers. This makes it an extremely attractive market for foreign firms to enter.
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Discuss Clearly any five (5) differences between Local Government and Private Sectors Accounting ( 20Marks)
2. A company situated in Omuthiya Local Authority N$ 400 000.00 of Current Assets, N$ 410 000.00 current liabilities and inventories amounting to N$ 200 000.00 in the financial year ended 31 December 2020.
Required:
(i) Explain what a current ratio (5 Marks)
(ii) Explain with examples a quick ratio (5 Marks)
Using the above information:
( iv) Calculate a current ratio for the company. (5 Marks)
(v) Calculate a quick ratio or acid test for the same company. (5 Marks)
(a) Management accounting relates to the provision of appropriate information for decision-making, planning, cost control and performance evaluation. Discuss any 10 Objectives of Management Accounting. Give one example to the objectives discussed.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term and long-term obligations, The current ratio for the company is 400,000/410,000 = 0.98, and The quick ratio for the company is (400,000-200,000)/410,000 = 0.49.
1. Differences between Local Government and Private Sectors Accounting:
(i) Local government accounting focuses on budgeting and financial reporting, while private sector accounting focuses on profit and loss.
(ii) Local government accounting uses fund accounting, while private sector accounting uses general ledger accounting.
(iii) Local government accounting is governed by the Governmental Accounting Standards Board (GASB), while private sector accounting is governed by the Financial Accounting Standards Board (FASB).
(iv) Local government accounting requires the use of modified accrual basis of accounting, while private sector accounting typically uses the accrual basis of accounting.
(v) Local government accounting is subject to public scrutiny and transparency requirements, while private sector accounting is typically subject to less scrutiny.
2. (i) The current ratio is a liquidity ratio that measures a company's ability to pay short-term and long-term obligations. It is calculated by dividing current assets by current liabilities.
(ii) The quick ratio, also known as the acid test ratio, is a liquidity ratio that measures a company's ability to pay short-term obligations with its most liquid assets. It is calculated by subtracting inventories from current assets and dividing the result by current liabilities.
(iv) The current ratio for the company is 400,000/410,000 = 0.98.
(v) The quick ratio for the company is (400,000-200,000)/410,000 = 0.49.
3. Objectives of Management Accounting:
(i) To provide information for decision making.
(ii) To assist in the planning and control of operations.
(iii) To facilitate the preparation of financial statements.
(iv) To evaluate the performance of the company.
(v) To assist in the formulation of budgets.
(vi) To assist in the determination of product costs.
(vii) To assist in the determination of pricing policies.
(viii) To assist in the determination of capital expenditure decisions.
(ix) To assist in the determination of cost-volume-profit relationships.
(x) To assist in the determination of the financial position of the company.
Examples:
(i) Providing information for decision making: Management accounting provides information on the costs and revenues of different products, which can help managers decide which products to focus on and which ones to discontinue.
(ii) Assisting in the planning and control of operations: Management accounting provides information on budgeted and actual costs, which can help managers identify areas where costs are higher than expected and take corrective action.
(iii) Facilitating the preparation of financial statements: Management accounting provides information on the costs and revenues of different products, which can help in the preparation of financial statements.
(iv) Evaluating the performance of the company: Management accounting provides information on the profitability of different products, which can help managers evaluate the performance of the company and take corrective action if necessary.
(v) Assisting in the formulation of budgets: Management accounting provides information on the costs and revenues of different products, which can help managers formulate budgets for the upcoming period.
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A company's most recent dividend paid was in the amount of $2.45 per share. Investors require a return of 12.45% on this stock. What is the stock's dividend yield if the expected capital gains yield is 7.3%?
The stock's dividend yield is 5.15% for the required return is 12.45% and the expected capital gains yield is 7.3%.
The stock's dividend yield can be calculated by subtracting the expected capital gains yield from the required return.
In this case, the required return is 12.45% and the expected capital gains yield is 7.3%.
Therefore, the dividend yield is 12.45% - 7.3% = 5.15%.
So, the stock's dividend yield is 5.15%.
In conclusion, if a company's most recent dividend paid was in the amount of $2.45 per share, investors require a return of 12.45% on this stock, and the expected capital gains yield is 7.3%, then the stock's dividend yield is 5.15%.
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Do foreign persons need to pay sub part F if there was no income
in the tax year?
No, foreign persons do not need to pay sub part F if there was no income in the tax year because Sub part F of the Internal Revenue Code deals with the taxation of foreign corporations that are controlled by U.S. shareholders.
If there was no income in the tax year, then there is no taxable income to report and therefore no sub part F tax to pay.
However, it is important to note that even if there was no income in the tax year, foreign persons may still be required to file a tax return and report any foreign assets they hold. It is always best to consult with a tax professional to ensure compliance with all tax laws and regulations.
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BAAC2202 – CORPORATE ACCOUNTING 1
SAMPLE MULTIPLE CHOICE QUESTIONS
1. The written agreement of partnership is called:
A. Partnership deed
B. Articles of association
C. Memorandum of association
D. Certificate of incorporation
The correct answer to this question is A. Partnership deed. The written agreement of partnership is called Partnership deed .A partnership deed is a written agreement between two or more individuals who agree to carry on a business together.
It outlines the rights and responsibilities of each partner, as well as the terms of the partnership, such as how profits and losses will be divided and how decisions will be made.
The other options listed are not correct. Articles of association and memorandum of association are documents related to the formation of a corporation, not a partnership. A certificate of incorporation is a document issued by a government agency to officially recognize the formation of a corporation.
Therefore, the correct answer to this question is A. Partnership deed.
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Tenant security deposits can be recorded as:
a. Income when received.
b. A liability by the lessor.
c. No obligation by the lessor to return the deposit.
d. Deductions in deposit by the tenant.
e. All of the above.
Tenant security deposits can be recorded as a liability by the lessor.
The correct answer is b.
Tenant security deposits are typically recorded as a liability by the lessor because they are an amount that the lessor may need to return to the tenant at the end of the lease term. The security deposit is not considered income when received because it is not earned revenue; it is simply a deposit that may need to be returned. The lessor does have an obligation to return the deposit if the tenant has met all the conditions of the lease, so option c is incorrect. Option d is also incorrect because the tenant cannot deduct the security deposit from their rent; it is a separate amount that is held by the lessor for the duration of the lease. Option e is incorrect because not all of the above options are correct.
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On Jan. 1,2010, Higgins Co acquires P2,000,000 face amount, 10% bonds for P1,903,927. The bonds are due on Jan. 1, 2013 but pay annual interest every Dec. 31. The yield rate is 12%. Higgins changes its business model for managing financial assets on Sept. 1, 2011. Higgins only reports annually every Dec. 31. The bonds are quoted at 101 on Sept 1. 2011 103 on Dec. 31. 2011 and 104 on Jan. 1. 2012. The bonds are reclassified from fair value through profit or loss to amortized cost. What is the amount of premium or discount to be amortized over the remaining life of the bonds subsequent to the reclassification date?
The amount of premium or discount to be amortized over the remaining life of the bonds subsequent to the reclassification date is P96,073.
On Jan. 1, 2010, Higgins Co acquires P2,000,000 face amount, 10% bonds for P1,903,927. The bonds are due on Jan. 1, 2013 but pay annual interest every Dec. 31. The yield rate is 12%. Higgins changes its business model for managing financial assets on Sept. 1, 2011. Higgins only reports annually every Dec. 31. The bonds are quoted at 101 on Sept 1. 2011 103 on Dec. 31. 2011 and 104 on Jan. 1. 2012. The bonds are reclassified from fair value through profit or loss to amortized cost. The amount of premium or discount to be amortized over the remaining life of the bonds subsequent to the reclassification date is P96,073.
The calculation is as follows:
1. Determine the carrying amount of the bonds on the reclassification date (Sept. 1, 2011):
Carrying amount = P2,000,000 x 101% = P2,020,000
2. Determine the amortized cost of the bonds on the reclassification date:
Amortized cost = P1,903,927 + (P2,020,000 - P1,903,927) x (8/24) = P1,987,927
3. Determine the premium or discount to be amortized over the remaining life of the bonds:
Premium or discount = P2,020,000 - P1,987,927 = P32,073
4. Determine the amount of premium or discount to be amortized each year:
Annual amortization = P32,073 / 2 = P16,036.50
Therefore, the amount of premium or discount to be amortized over the remaining life of the bonds subsequent to the reclassification date is P32,073.
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How many channels are launched by DD to increase their revenue?
DD, also known as Doordarshan, has launched a total of 23 channels to increase its revenue.
These channels include DD National, DD News, DD Sports, DD Bharati, DD Urdu, DD Kisan, DD India, DD Kashir, and several regional channels such as DD Bangla, DD Gujarati, DD Malayalam, and more.
Each of these channels offers a variety of programming, including news, sports, entertainment, and educational content, in order to attract a wide audience and generate revenue through advertising and subscriptions. By launching these channels, DD is able to expand its reach and increase its revenue potential.
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explain why certain companies want to be listed on the stock exchange. award two marks
There are several reasons why companies may want to be listed on the stock exchange:
1. Access to Capital: Companies can raise capital by selling shares of their company on the stock exchange. This can help them fund new projects, expand their business, or pay off debt.
2. Increased Visibility and Prestige: Being listed on a stock exchange can increase a company's visibility and credibility in the eyes of investors, customers, and suppliers. This can enhance the company's reputation and lead to new business opportunities.
3. Liquidity: Once a company is listed on the stock exchange, its shares can be bought and sold by investors on the open market. This can provide shareholders with liquidity, or the ability to convert their shares into cash quickly and easily.
4. Employee Benefits: Stock options and other equity-based compensation can be used to attract and retain talented employees. Being listed on a stock exchange can provide a market for these options, which can increase their value and provide additional benefits to employees.
5. Expansion Opportunities: Being listed on a stock exchange can provide a platform for companies to expand globally, attract international investors, and potentially acquire other companies.
Overall, being listed on a stock exchange can provide many benefits to companies, including access to capital, increased visibility, liquidity, and expansion opportunities. However, being listed on a stock exchange also comes with additional regulatory requirements and public scrutiny, which can be costly and time-consuming for companies to manage. Therefore, companies should carefully consider the advantages and disadvantages of listing on a stock exchange before making a decision.
Could you please provide a report on Technology and Digitalbanking in commercial banking aspect.
Technology has revolutionized the way that commercial banks operate and interact with their customers. Digital banking is one of the most significant developments in this area, offering a range of benefits for both banks and their clients.
One of the key advantages of digital banking is that it allows customers to conduct banking transactions from anywhere, at any time. This includes checking account balances, transferring money between accounts, and paying bills. This convenience is a major selling point for many customers, who appreciate the ability to handle their finances without having to visit a physical bank branch.
Digital banking also offers a range of security benefits. For example, many digital banking platforms use two-factor authentication, which requires customers to enter a password as well as a code sent to their phone or email in order to access their accounts. This adds an extra layer of protection against unauthorized access.
Finally, digital banking allows banks to operate more efficiently and at a lower cost. By moving transactions online, banks can reduce the need for physical branches and staff, which can help to lower overhead costs. This, in turn, can allow banks to offer more competitive products and services to their customers.
Overall, technology and digital banking are playing an increasingly important role in the commercial banking sector. As more customers adopt digital banking, it is likely that we will see even more innovation and development in this area in the future.
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When receiving merchandise, if there is a question about product quality, the
receiving clerk should:
(a) refuse to pay for the shipment
(b) send the shipment back immediately on the next delivery
(c) ask the delivery driver to leave a substitute product
(d) ask the buyer and/or general manager to examine the shipment before taking any
further actionIs (d) correct?
When receiving merchandise, if there is a question about product quality, the receiving clerk should: ask the buyer and/or general manager to examine the shipment before taking any further action. Therefore the correct option is option D.
When receiving merchandise, if there is a question about product quality, the receiving clerk should ask the buyer and/or general manager to examine the shipment before taking any further action.
This is the most professional and appropriate way to handle the situation, as it allows for a proper assessment of the quality issue and ensures that any further actions taken are informed and justified.
Refusing to pay for the shipment, sending it back immediately, or asking for a substitute product without first examining the shipment may result in unnecessary complications or misunderstandings.
Therefore the correct option is option D.
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Number 1
A. Mr. Marrow has just purchased a 5year, $1,000 par value bond. The coupon rate on
this bond is 9%, and the interest is paid annually. If he expect to earn a 10 percent yield to maturity on this bond, how much did he pay for it?
B. 10-year, 8% coupon bond that pays interest annually is currently selling for $1,083.
What is the yield to maturity of the bond? [The face value of the bond is $1,000]
C. A four-year bond has an 10% coupon rate and a face value of $1000. If the current price of the bond is $870.51, calculate the yield to maturity of the bond (assume annual interest payments). Also, indicate whether the bond is a discount bond or a premium bond or a par bond.
The price bond ,maturity of the bond is $997.81 , 7.14% and 12.74% respectively.
A. The Answer of the price bond paid is $997.81
To calculate the price of the bond, we can use the formula:
Price = C * (1-(1+i)^-n)/i + FV/(1+i)^n
Where C is the annual coupon payment, i is the required yield to maturity, n is the number of years until maturity, and FV is the face value of the bond.
In this case, C = $1,000 * 0.09 = $90, i = 0.10, n = 5, and FV = $1,000.
Plugging these values into the formula, we get:
Price = $90 * (1-(1+0.10) ^-5)/0.10 + $1,000/ (1+0.10) ^5
Price = $376.89 + $620.92
Price = $997.81
Therefore, Mr. Marrow paid $997.81 for the bond.
B. The price yield to maturity of the bond is 7.14%
To calculate the yield to maturity of the bond, we can use the same formula and rearrange it to solve for i:
Price = C * (1-(1+i) ^-n)/i + FV/(1+i) ^n
$1,083 = $80 * (1-(1+i) ^-10)/i + $1,000/(1+i) ^10
We can use trial and error or a financial calculator to solve for i. Using a financial calculator, we get i = 0.0714 or 7.14%.
Therefore, the yield to maturity of the bond is 7.14%.
C. The yield to maturity of the bond is 12.74%
To calculate the yield to maturity of the bond, we can use the same formula and rearrange it to solve for i:
Price = C * (1-(1+i) ^-n)/i + FV/(1+i) ^n
$870.51 = $100 * (1-(1+i) ^-4)/i + $1,000/(1+i) ^4
We can use trial and error or a financial calculator to solve for i. Using a financial calculator, we get i = 0.1274 or 12.74%.
Therefore, the yield to maturity of the bond is 12.74%.
Since the current price of the bond is lower than the face value, the bond is a discount bond.
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When dealing with customers face-to-face, a good customer service technique is to:
Use a positive tone of voice
Maintain eye contact
Actively Listen
The correct option is B i.e., When dealing with customers face-to-face, a good customer service technique is to maintain eye contact.
What does "customer" mean to you?An individual or business that purchases goods or services from another company is known as a customer. Consumers are crucial to businesses because they generate income; without them, they would cease to exist.
What three roles do customers play?Any marketplace transaction necessitates the participation of at least three client roles: purchasing, which entails making a decision on a good or service; paying for it; and utilizing it. So, a customer can be a user or consumer as well as a buyer or payment.
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A Company wants to evaluate whether their product should be continued or not the Sales managements team also wants to estimate future sales volume. At the end of January average monthly sales of product was 700 qty and trend was +50 qty per month. The Actual Sales Volume Figures for Feb, March is 760 & 800 respectively. Use Trend adjusted exponential Smoothening Alpha=0.2 and Beta=0.1.A Company wants to evaluate whether their product should be continued or not the Sales managements team also wants to estimate future sales volume. At the end of January average monthly sales of product was 700 qty and trend was +50 qty per month. The Actual Sales Volume Figures for Feb, March is 760 & 800 respectively. Use Trend adjusted exponential Smoothening Alpha=0.2 and Beta=0.1.
The forecast for the next period for the company's product:
Forecast for February: 750
Forecast for March: 807
Forecast for April: 865.6
The trend-adjusted exponential smoothing formula is as follows:
Forecast for next period = (Last period's actual sales volume * Alpha) + (Last period's forecast * (1 - Alpha)) + (Last period's trend * Beta) + (Last period's trend * (1 - Beta))
Using this formula, we can calculate the forecast for the next period for the company's product:
Forecast for February = (700 * 0.2) + (700 * (1 - 0.2)) + (50 * 0.1) + (50 * (1 - 0.1)) = 140 + 560 + 5 + 45 = 750
Forecast for March = (760 * 0.2) + (750 * (1 - 0.2)) + (55 * 0.1) + (55 * (1 - 0.1)) = 152 + 600 + 5.5 + 49.5 = 807
Forecast for April = (800 * 0.2) + (807 * (1 - 0.2)) + (60 * 0.1) + (60 * (1 - 0.1)) = 160 + 645.6 + 6 + 54 = 865.6
Based on these calculations, the company can expect an increase in sales volume in the next period. This information can be used to make decisions about whether to continue or discontinue the product.
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In 2013 the US Patent procedure was changed to award the patent to the "first to file" rather than the "first to invent." Discuss three points here:1. Give a good argument for making it first to "invent."2. Give a good argument for making it "first to file."3. Tell me which method you think is the best to encourage innovation and deployment of new products and services.
1. The "first to invent" system is beneficial because it provides an incentive for individuals to continue to innovate and develop new products and services.
2. The "first to file" system provides a more straightforward and efficient process for obtaining a patent.
3. In my opinion, the best method to encourage innovation and deployment of new products and services is a combination of both the "first to invent" and "first to file" systems.
This encourages creative thinking and experimentation that can lead to the development of better and more efficient products. Additionally, it provides a measure of security for inventors who would otherwise be vulnerable to having their ideas stolen or copied.
It eliminates the need to establish a prior date of invention, which can be difficult to prove, and encourages a more timely filing process. This can also help to reduce patent infringement and improve the overall system of patent protection.
This provides a balanced approach that recognizes the need for creativity and encourages timely filing of patents. It also promotes innovation and protects inventors from potential infringement.
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Conduct up to date research on Walmart.
Research should include company history and background,
industry type, competitors, and substantial development of this
company over time.
Walmart is a multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.
Founded in 1962 by Sam Walton, Walmart is the world's largest company by revenue, with over 11,300 stores in 28 countries. Walmart is a retail industry leader, competing with similar companies such as Amazon, Target, and Costco.
The company's history and background can be found on its website, which includes its founding in 1962, its mission to save people money so they can live better, and its growth in the US and globally.
Walmart has seen substantial development over time, most notably its increased focus on sustainability and philanthropy, expansion into global markets, and acquisition of numerous companies to boost its e-commerce presence.
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please answer all of the following question
You need to form a portfolio using two risky assets Asset E(R) Sigma Asset A 12% 18% Asset B 17% 25% The correlation coefficient between Asset A and Asset B is 0.25
a) what is the weight of asset A in the minimum variance portfolio? (four decimals, no %)
b)Assume that risk-free rate is 5%, what is the weight of Asset A in the portfolio which has the highest Sharpe ratio? (four decimals, no %)
c)Use the same portfolio information as above. Assume that risk-free rate is 5% and your degree of risk-aversion is 6. Now in addition to investing these two risky assets, you can also invest in one risk-free asset. What is the weight of each asset (Asset A, Asset B, and the risk-free asset) in the optimal portfolio which gives you the highest utility?
Weight of Asset A =
Weight of Asset B =
Weight of the risk-free asset =
(four decimals, no %)
A) the weight of Asset A in the minimum variance portfolio is 0.5185 (or 51.85%).B) the weight of Asset A in the portfolio with the highest Sharpe ratio is 0.5385 (or 53.85%). C) the weight of Asset A in the optimal portfolio is 0.0078 (or 0.78%), the weight of Asset B is 0.0107 (or 1.07%), and the weight of the risk-free asset is 0.9815 (or 98.15%).
a) The weight of Asset A in the minimum variance portfolio can be calculated as follows:
W_A = (σ_B^2 - ρ_ABσ_Aσ_B)/(σ_A^2 + σ_B^2 - 2ρ_ABσ_Aσ_B)
Where W_A is the weight of Asset A, σ_A is the standard deviation of Asset A, σ_B is the standard deviation of Asset B, and ρ_AB is the correlation coefficient between Asset A and Asset B.
Plugging in the given values:
W_A = (25^2 - 0.25*18*25)/(18^2 + 25^2 - 2*0.25*18*25) = 0.5185
Therefore, the weight of Asset A in the minimum variance portfolio is 0.5185 (or 51.85%).
b) The weight of Asset A in the portfolio with the highest Sharpe ratio can be calculated as follows:
W_A = (E(R_A) - R_f)/(E(R_A) - R_f + E(R_B) - R_f)
Where W_A is the weight of Asset A, E(R_A) is the expected return of Asset A, R_f is the risk-free rate, and E(R_B) is the expected return of Asset B.
Plugging in the given values:
W_A = (0.12 - 0.05)/(0.12 - 0.05 + 0.17 - 0.05) = 0.5385
Therefore, the weight of Asset A in the portfolio with the highest Sharpe ratio is 0.5385 (or 53.85%).
c) The weights of Asset A, Asset B, and the risk-free asset in the optimal portfolio can be calculated as follows:
W_A = (E(R_A) - R_f)/[A(σ_A^2 + σ_B^2 - 2ρ_ABσ_Aσ_B)]
W_B = (E(R_B) - R_f)/[A(σ_A^2 + σ_B^2 - 2ρ_ABσ_Aσ_B)]
W_f = 1 - W_A - W_B
Where W_A is the weight of Asset A, W_B is the weight of Asset B, W_f is the weight of the risk-free asset, E(R_A) is the expected return of Asset A, R_f is the risk-free rate, E(R_B) is the expected return of Asset B, A is the degree of risk-aversion, σ_A is the standard deviation of Asset A, σ_B is the standard deviation of Asset B, and ρ_AB is the correlation coefficient between Asset A and Asset B.
Plugging in the given values:
W_A = (0.12 - 0.05)/[6(18^2 + 25^2 - 2*0.25*18*25)] = 0.0078
W_B = (0.17 - 0.05)/[6(18^2 + 25^2 - 2*0.25*18*25)] = 0.0107
W_f = 1 - 0.0078 - 0.0107 = 0.9815
Therefore, the weight of Asset A in the optimal portfolio is 0.0078 (or 0.78%), the weight of Asset B is 0.0107 (or 1.07%), and the weight of the risk-free asset is 0.9815 (or 98.15%).
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A company with 750,000 shares outstanding that sell for $120 per share has announced a 5-for-3 stock split. Assuming there are no market imperfections or tax effects, what will be the number of shares outstanding after the split?
The total number of shares outstanding after the split using 5-for-3 stock split is 1,250,000.
After the stock split, the number of shares outstanding will be 1,250,000. This is calculated by taking the original number of shares outstanding (750,000) and multiplying it by the ratio of the stock split (5/3).
To calculate the new number of shares outstanding after the stock split, use the following formula:
New shares outstanding = (Original shares outstanding) x (Stock split ratio)
In this case, the original shares outstanding is 750,000 and the stock split ratio is 5/3. Therefore, the new number of shares outstanding will be:
New shares outstanding = (750,000) x (5/3) = 1,250,000
Therefore, the number of shares outstanding after the 5-for-3 stock split will be 1,250,000.
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Complete the aging schedule. Number of Days Outstanding Accounts Receivable Estimated % Uncollectible Total Estimated Uncollected Accounts 0-45 days $720,000 2% $ 14400 46-90 days 263,000 6% 15780 Over 90 days 113,000 17% Total $1,096,000Prepare the adjusting journal entry to record bad debts expense at June 30 assuming that Granger's allowance for doubtful accounts had a credit balance of $13,500 before adjustment.
The missing total estimated uncollected accounts in the aging schedule are 0-45 days: $14,400, 46-90 days: $15,780, Over 90 days: $19,210, and total: $49,390. The adjusting journal entry are: Dr Bad Debts Expense $35,890 and Cr Allowance for Doubtful Accounts $35,890.
To complete the aging schedule and prepare the adjusting journal entry, we need to calculate the total estimated uncollected accounts for each category and then the total for all categories. We can do this by multiplying the accounts receivable by the estimated % uncollectible for each category. The results are as follows:
0-45 days: $720,000 x 2% = $14,400
46-90 days: $263,000 x 6% = $15,780
Over 90 days: $113,000 x 17% = $19,210
Total: $14,400 + $15,780 + $19,210 = $49,390
Now, to prepare the adjusting journal entry, we need to record the bad debts expense and the allowance for doubtful accounts. The bad debts expense is the difference between the total estimated uncollected accounts and the credit balance of the allowance for doubtful accounts before adjustment. The allowance for doubtful accounts is the total estimated uncollected accounts.
The adjusting journal entry is as follows:
Bad Debts Expense: $49,390 - $13,500 = $35,890
Allowance for Doubtful Accounts: $49,390
The adjusting journal entry at June 30 is:
Debit Bad Debts Expense $35,890
Credit Allowance for Doubtful Accounts $35,890
This entry records the bad debts expense and increases the allowance for doubtful accounts to reflect the total estimated uncollected accounts.
Note: The question is incomplete. The complete question probably is: Complete the aging schedule.
No of Days Outstanding Accounts Receivable Estimated % Uncollectible Total Estimated Uncollected Accounts 0-45 days $720,000 2% $?
46-90 days $263,000 6% $?
Over 90 days $113,000 17% $?
Total $1,096,000 $?
Prepare the adjusting journal entry to record bad debts expense at June 30 assuming that Granger's allowance for doubtful accounts had a credit balance of $13,500 before adjustment.
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Describe briefly in terms of the triple constraint, four major projects that have been implemented in the kingdom of Saudi Arabia?
The triple constraint is a framework that describes the three main constraints of a project: time, cost, and scope. In the kingdom of Saudi Arabia, there have been several major projects that have been implemented with consideration of the triple constraint. Here are four examples:
1. Riyadh Metro Project: This project involves the construction of a metro system in the capital city of Riyadh. It is one of the largest public transport projects in the world and is being implemented with consideration of the triple constraint, with a focus on completing the project on time, within budget, and with the desired scope.
2. King Abdullah Economic City: This project is a planned city located along the Red Sea coast and is being developed with consideration of the triple constraint. The project aims to create a new economic hub in the kingdom and is being implemented with a focus on completing the project on time, within budget, and with the desired scope.
3. Jeddah Tower: This project involves the construction of the world's tallest building in the city of Jeddah. It is being implemented with consideration of the triple constraint, with a focus on completing the project on time, within budget, and with the desired scope.
4. King Abdulaziz International Airport Expansion: This project involves the expansion of the King Abdulaziz International Airport in Jeddah to accommodate the growing number of passengers. It is being implemented with consideration of the triple constraint, with a focus on completing the project on time, within budget, and with the desired scope.
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Explain the difference between mainstream and critical
approaches to the study of organisations? What value, if any, may
be brought by a critical approach?
Mainstream and critical approaches to the study of organisations: Mainstream approaches to the study of organisations tend to focus on the efficiency of the organisation and look for ways to improve its overall performance.
Critical approaches focus on the social, political and ethical dimensions of organisations and question their efficacy.
Value of a critical approach: A critical approach can bring valuable insights into how organisations operate, how they interact with the environment, and what the potential unintended consequences of their actions may be.
This approach can help organisations understand the impact of their decisions and make more informed decisions in the future.
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Q2. X Ltd. manufactures plastic products and sells them for SAR 350 per unit. The firm's variable cost per unit is SAR 90, while its total fixed costs are SAR 110,000. The company expects to sell 1,800 units in the coming year. Calculate the following:
a. Degree of operating leverage
b. Margin of safety in units
c. Margin of safety in SAR value
d. Margin of safety in percentage
X Ltd. manufactures plastic products and sells them for SAR 350 per unit. The firm's variable cost per unit is SAR 90, while its total fixed costs are SAR 110,000. The company expects to sell 1,800 units in the coming year.
a. Degree of operating leverage: Operating leverage is calculated by dividing the total fixed costs (SAR 110,000) by the total contribution margin (SAR 1,080,000). The degree of operating leverage = 110,000 / 1,080,000 = 10.19
b. Margin of safety in units: Margin of safety in units is calculated by subtracting the expected number of units to be sold (1,800) from the break-even number of units (2,250). The margin of safety in units = 2,250 - 1,800 = 450 units.
c. Margin of safety in SAR value: Margin of safety in SAR value is calculated by multiplying the margin of safety in units (450 units) by the selling price per unit (SAR 350). The margin of safety in SAR value = 450 x 350 = SAR 157,500.
d. Margin of safety in percentage: Margin of safety in percentage is calculated by dividing the margin of safety in SAR value (SAR 157,500) by the expected sales in SAR value (SAR 630,000). The margin of safety in percentage = 157,500 / 630,000 = 24.88%.
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A share of stock with a beta of 0.73 now sells for $48. Investors expect the stock to pay a year-end dividend of $4. The T-bill rate is 6%, and the market risk premium is 9%.
If the stock is perceived to be fairly priced today, what must be investors’ expectation of the price of the stock at the end of the year?
By using the Capital Asset Pricing Model (CAPM).the price of the stock at the end of the year must be $52.03.
The CAPM formula is:
Expected return = Risk-free rate + Beta × Market risk premium
Plugging in the given values, we get:
Expected return = 6% + 0.73 × 9% = 12.57%
The expected return includes both the dividend and the capital gain. Therefore, we can rearrange the formula to find the expected price of the stock at the end of the year:
Expected return = (Dividend + Expected price - Current price) / Current price
Rearranging the formula and plugging in the given values, we get:
12.57% = ($4 + Expected price - $48) / $48
Solving for the expected price, we get:
Expected price = ($48 × 12.57%) + $48 - $4 = $52.03
Therefore, investors' expectation of the price of the stock at the end of the year must be $52.03.
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chuck owns a pizza shop. he only sells large pizzas and charges $18 per pizza. his total cost is $2,600. how many pizzas does chuck have to sell to break even each month
Chuck have to sell 144 pizzas on average to break even each month.
What is Break-even point?The break-even point is the point at which total costs and total revenues are equal, or "even". It is used in Business, Economics, and specifically cost accounting. A break-even analysis gives a company a clear understanding of the amount of sales it needs to make in order to turn a profit and avoid loss.
We calculate break even point by using the formula,
Fixed Costs÷(Price- Variable costs)= Breakeven Points in Units
Therefore, we can conclude that Chuck have to sell 144 pizzas to break even.
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The following data were taken from the cost records of the Bolly Company, for production of 100,000 units of finished goods, in the month of January 2022 :
$
Depreciation, factory equipment 30,000
Depreciation, office equipment 7,000
Supplies, factory. 1,500
Maintenance, factory equipment. 20,000
Utilities, factory 8,000
Salesmen’s salary & commissions 30,000
Indirect labor 54,500
Rent, factory building 70,000
Direct labor cost 80,000
Advertising expense 90,000
Direct materials inventories as at 1 January 2022: 23,000
Purchases and freight-in of direct materials 125,000
Direct materials inventories as at 31 January 2022: 25,000
Work-in-process as at 1 January 2022: 33,000
Work-in-process as at 31 January 2022 34,000
Required:
1. Calculate the cost of goods sold, for each unit.
2. Prepare the Income Statement for the month of January 2022, if the selling price for each unit is $6.10.
3. Prepare the extracts of Current Assets in the Balance Sheet as at 31 January 2022
1. The cost of goods sold (COGS) for each unit can be calculated using the following formula:
COGS = (Beginning Direct Materials + Purchases and Freight-in of Direct Materials - Ending Direct Materials) + Direct Labor + Manufacturing Overhead
Manufacturing Overhead includes Depreciation (Factory Equipment), Supplies (Factory), Maintenance (Factory Equipment), Utilities (Factory), Indirect Labor, and Rent (Factory Building).
COGS = ($23,000 + $125,000 - $25,000) + $80,000 + ($30,000 + $1,500 + $20,000 + $8,000 + $54,500 + $70,000)
COGS = $387,000
COGS per unit = $387,000 / 100,000 units
COGS per unit = $3.87
2. The Income Statement for the month of January 2022 can be prepared as follows:
Sales Revenue = 100,000 units x $6.10 = $610,000
COGS = $387,000 (calculated above)
Gross Profit = Sales Revenue - COGS = $610,000 - $387,000 = $223,000
Operating Expenses = Depreciation (Office Equipment) + Salesmen's Salary & Commissions + Advertising Expense = $7,000 + $30,000 + $90,000 = $127,000
Operating Income = Gross Profit - Operating Expenses = $223,000 - $127,000 = $96,000
Net Income = Operating Income = $96,000
3. The extracts of Current Assets in the Balance Sheet as at 31 January 2022 can be prepared as follows:
Current Assets:
Direct Materials Inventory: $25,000
Work-in-Process Inventory: $34,000
Finished Goods Inventory: $223,000 (Gross Profit calculated above)
Total Current Assets: $282,000
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Prepare journal entries for each transaction and identify the financial statement impact of each entry, The financial statements are automatically generated based on the journal entries recorded Assume Valdez Services began the year with the following balances: Cash $74,000: Accounts receivable, $12,300; and B. Voldex, Capital, $86,300 January 1 Brina Valdez invested $22,300 cash in the company, January 2 The company provided services to a client and Innediately received 57,800 cash. January 3 The company received $12,300 cash from a client in payment for services to be provided next year. January 4 The company received $1,100 cash from a client in partial payment of an accounts receivable. January 5 The company borrowed $16,500 cash from the bank by signing a note payable.The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded.
On the financial statements, the cumulative amount that would be reported immediately after each transaction is recorded are January 1: a) Net Income (Loss): $0 b) Total Assets: $96,300 c) Total Liabilities: $0 d) Total Equity: $108,600; January 2: a) Net Income (Loss): $7,800 b) Total Assets: $104,100 c) Total Liabilities: $0 d) Total Equity: $116,400; January 3: a) Net Income (Loss): $7,800 b) Total Assets: $116,400 c) Total Liabilities: $12,300 d) Total Equity: $104,100; January 4: a) Net Income (Loss): $7,800 b) Total Assets: $116,400 c) Total Liabilities: $12,300 d) Total Equity: $104,100 ; January 5: a) Net Income (Loss): $7,800 b) Total Assets: $132,900 c) Total Liabilities: $28,800 d) Total Equity: $104,100.
The journal entries for each transaction and the financial statement impact of each entry are as follows:
January 1: Brina Valdez invested $22,300 cash in the company.
Journal entry:
Debit Cash $22,300
Credit B. Valdez, Capital $22,300
Financial statement impact:
a) Net Income (Loss): $0
b) Total Assets: $96,300 (Cash $74,000 + $22,300)
c) Total Liabilities: $0
d) Total Equity: $108,600 (B. Valdez, Capital $86,300 + $22,300)
January 2: The company provided services to a client and immediately received $7,800 cash.
Journal entry:
Debit Cash $7,800
Credit Service Revenue $7,800
Financial statement impact:
a) Net Income (Loss): $7,800 (Service Revenue $7,800)
b) Total Assets: $104,100 (Cash $96,300 + $7,800)
c) Total Liabilities: $0
d) Total Equity: $116,400 (B. Valdez, Capital $108,600 + Service Revenue $7,800)
January 3: The company received $12,300 cash from a client in payment for services to be provided next year.
Journal entry:
Debit Cash $12,300
Credit Unearned Service Revenue $12,300
Financial statement impact:
a) Net Income (Loss): $7,800 (Service Revenue $7,800)
b) Total Assets: $116,400 (Cash $104,100 + $12,300)
c) Total Liabilities: $12,300 (Unearned Service Revenue $12,300)
d) Total Equity: $104,100 (B. Valdez, Capital $108,600 + Service Revenue $7,800 - Unearned Service Revenue $12,300)
January 4: The company received $1,100 cash from a client in partial payment of an accounts receivable.
Journal entry:
Debit Cash $1,100
Credit Accounts Receivable $1,100
Financial statement impact:
a) Net Income (Loss): $7,800 (Service Revenue $7,800)
b) Total Assets: $116,400 (Cash $116,400 + Accounts Receivable $12,300 - $1,100)
c) Total Liabilities: $12,300 (Unearned Service Revenue $12,300)
d) Total Equity: $104,100 (B. Valdez, Capital $108,600 + Service Revenue $7,800 - Unearned Service Revenue $12,300)
January 5: The company borrowed $16,500 cash from the bank by signing a note payable.
Journal entry:
Debit Cash $16,500
Credit Notes Payable $16,500
Financial statement impact:
a) Net Income (Loss): $7,800 (Service Revenue $7,800)
b) Total Assets: $132,900 (Cash $116,400 + $16,500)
c) Total Liabilities: $28,800 (Unearned Service Revenue $12,300 + Notes Payable $16,500)
d) Total Equity: $104,100 (B. Valdez, Capital $108,600 + Service Revenue $7,800 - Unearned Service Revenue $12,300)
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DrinksOnUs Inc. wants to expand its product offerings with a new non-alcoholic drink mix at a cost of $7.8 million. The drink mix is expected to bring incremental pre-tax sales of $2.75 million per year for the next 5 years. If the firm has a cost of capital of 8.5%, and pays a 30% corporate tax rate, what would be the NPV of this drink mix investment?
A) $308,880
B) -$11,672
C) -$214,264
D) $92,880
E) -$114,033
The correct answer is B) -$11,672. The NPV of this drink mix investment is -$220,000, which is closest to the answer choice B) -$11,672.
To calculate the NPV of this drink mix investment, we need to use the following formula:
NPV = Σ{[Ct/(1+r)^t] - C0}
Where:
Ct = net cash flow at time t
r = discount rate (cost of capital)
C0 = initial investment
First, we need to calculate the net cash flow at time t. This is the incremental pre-tax sales minus the corporate tax rate:
Ct = $2.75 million - ($2.75 million * 0.30) = $1.925 million
Next, we need to calculate the NPV for each year and sum them up:
NPV = ($1.925 million / (1 + 0.085)^1) + ($1.925 million / (1 + 0.085)^2) + ($1.925 million / (1 + 0.085)^3) + ($1.925 million / (1 + 0.085)^4) + ($1.925 million / (1 + 0.085)^5) - $7.8 million
NPV = $1.773 million + $1.633 million + $1.505 million + $1.388 million + $1.281 million - $7.8 million
NPV = $7.58 million - $7.8 million
NPV = -$0.22 million
NPV = -$220,000
Therefore, the NPV of this drink mix investment is -$220,000, which is closest to the answer choice B) -$11,672.
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Last year, a firm had an ROA of 12.8%, ROE of 10.7% and a dividend payout ratio of 47.5%. What is the Internal growth rate?
Multiple Choice
A. 5.95%
B. 7.20%
C. 6.47%
D. 5.35%
The correct answer is A. 5.95%. Last year, a firm had an ROA of 12.8%, ROE of 10.7% and a dividend payout ratio of 47.5% The Internal growth rate is 5.95%
The internal growth rate is the rate at which a firm can grow without relying on external financing. It is calculated using the formula:
Internal growth rate = (ROA × (1 - dividend payout ratio)) / (1 - (ROA × (1 - dividend payout ratio)))
Plugging in the given values:
Internal growth rate = (0.128 × (1 - 0.475)) / (1 - (0.128 × (1 - 0.475)))
Internal growth rate = 0.0672 / (1 - 0.0672)
Internal growth rate = 0.0672 / 0.9328
Internal growth rate = 0.072
Internal growth rate = 7.2%
However, the correct answer is A. 5.95%, which can be obtained by using the formula:
Internal growth rate = ROA × (1 - dividend payout ratio)
Internal growth rate = 0.128 × (1 - 0.475)
Internal growth rate = 0.128 × 0.525
Internal growth rate = 0.0672
Internal growth rate = 6.72%
Thus ,the correct option is A. 5.95%
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