1.(a) A stakeholder is any individual, group, or organization that has an interest in or is affected by the decisions and actions of an organization.(b) In the case of the U.K. Bank, the main stakeholder groups are Shareholders,Employees,Customers,Local communities.2.(a) Offshoring is the practice of moving business operations or services to another country in order to take advantage of lower labor costs and other benefits. (b) From an HR perspective, there are several challenges and issues that the bank may face in dealing with offshoring its call center to India.
Question 1:
a.Stakeholders can include employees, customers, shareholders, suppliers, local communities, and government regulators.
(b) In the case of the U.K. Bank, the main stakeholder groups are:
- Shareholders: They are interested in maximizing profits and minimizing losses.
- Employees: They are interested in keeping their jobs and maintaining their standard of living.
- Customers: They are interested in receiving high-quality services at reasonable prices.
- Government regulators: They are interested in ensuring that the bank operates in a legal and ethical manner.
- Local communities: They are interested in maintaining employment levels and economic stability.
Each of these stakeholder groups has different interests, and the bank's decision to outsource its call center work to India will affect each group in different ways. For example, shareholders may benefit from reduced labor costs, but employees may lose their jobs and local communities may suffer from the loss of income.
Question 2:
a.In the case of the U.K. Bank, the main advantage of offshoring its call center work to India is the potential for cost savings. However, there are also several potential disadvantages, including the loss of jobs for British workers, negative public and political reactions, and the potential for lower quality of services.
b.These include managing the transition of employees from the U.K. to India, dealing with potential cultural differences and language barriers, and ensuring that the quality of services provided by the Indian call center is up to the bank's standards.
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Suppose the risk-free rate is 3%, the expected return on the market is 13%, and its standard deviation (risk) is 23%. A Greek company Alpha-Gama has a standard deviation 50%, but it is uncorrelated with the market. Calculate Alpha-Gama’s beta and expected return. Comment on your findings and explain your answer.
The beta of a company is a measure of its systematic risk, or the risk that is correlated with the market. In the case of Alpha-Gama, its standard deviation is 50%, but it is uncorrelated with the market. This means that its beta is 0, as it has no systematic risk. Alpha-Gama’s beta and expected return is 3 percent.
To calculate the expected return of Alpha-Gama, we can use the Capital Asset Pricing Model (CAPM), which states that the expected return of a company is equal to the risk-free rate plus the product of its beta and the market risk premium (the difference between the expected return on the market and the risk-free rate).
Using the CAPM formula, we can calculate the expected return of Alpha-Gama as follows:
Expected return = Risk-free rate + (Beta x Market risk premium)
= 3% + (0 x (13% - 3%))
= 3%
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What is the difference between a strength, a competitive advantage, and a sustainable competitive advantage? What makes an ability (or set of abilities) a core competency? Why is it necessary to perform an external and internal analysis before the firm can a Delphi it's true core competencies?
The difference between a strength, a competitive advantage, and a sustainable competitive advantage is that a strength is a capability or quality that gives a company an advantage over its competitors, a competitive advantage is when a company has a unique attribute that allows it to outperform its competitors, and a sustainable competitive advantage is when a company can maintain its competitive advantage over a long period of time.
A core competency is an ability (or set of abilities) that is central to a company's operations and is critical to its success. It is something that a company does better than its competitors and is difficult for competitors to imitate. For example, a company's core competency could be its ability to innovate, its customer service, or its supply chain management.
It is necessary to perform an external and internal analysis before the firm can identify its true core competencies because these analyses help the firm to understand its strengths and weaknesses, as well as the opportunities and threats in the external environment.
An external analysis looks at the factors outside of the company that could impact its performance, such as the economy, competition, and customer preferences. An internal analysis looks at the company's resources, capabilities, and organizational structure. By conducting these analyses, the firm can identify its true core competencies and use them to create a competitive advantage.
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Question 1 (20 marks) Consider the following transportation tableau with three origins and three destinations. To From Windhoek Gobabis Walvis Bay Supply Rundu 4 10 6 100 Oshakati 8 16 6 300 Katima Mulilo 14 18 10 300 Demand 200 300 200 Required Marks Sub total Total Use the Vogel Approximation method (VAM) to find an initial feasible solution? 20 20 To
The total cost of this solution is (4*0) + (10*0) + (6*100) + (8*100) + (16*0) + (6*200) + (14*200) + (18*100) + (10*0) = 4600.
The Vogel Approximation Method (VAM) is a method used to find an initial feasible solution for a transportation problem. It involves finding the difference between the two smallest costs in each row and column and then assigning as much as possible to the cell with the smallest difference. This process is repeated until all supply and demand values are met.
Step 1: Find the difference between the two smallest costs in each row and column.
| | Windhoek | Gobabis | Walvis Bay | Supply | Difference |
|----|----------|---------|------------|--------|------------|
|Rundu| 4 | 10 | 6 | 100 | 2 |
|Oshakati| 8 | 16 | 6 | 300 | 2 |
|Katima Mulilo| 14 | 18 | 10 | 300 | 4 |
|Demand| 200 | 300 | 200 | | |
|Difference| 4 | 6 | 0 | | |
Step 2: Assign as much as possible to the cell with the smallest difference. In this case, the cell with the smallest difference is the one in the Walvis Bay column. We can assign 100 units to the Rundu-Walvis Bay cell and 200 units to the Oshakati-Walvis Bay cell.
| | Windhoek | Gobabis | Walvis Bay | Supply | Difference |
|----|----------|---------|------------|--------|------------|
|Rundu| 4 | 10 | 100 | 0 | 2 |
|Oshakati| 8 | 16 | 200 | 100 | 2 |
|Katima Mulilo| 14 | 18 | 10 | 300 | 4 |
|Demand| 200 | 300 | 0 | | |
|Difference| 4 | 6 | 0 | | |
Step 3: Repeat the process until all supply and demand values are met. We can assign 100 units to the Oshakati-Windhoek cell, 200 units to the Katima Mulilo-Windhoek cell, and 100 units to the Katima Mulilo-Gobabis cell.
| | Windhoek | Gobabis | Walvis Bay | Supply | Difference |
|----|----------|---------|------------|--------|------------|
|Rundu| 4 | 10 | 100 | 0 | 2 |
|Oshakati| 100 | 16 | 200 | 0 | 2 |
|Katima Mulilo| 200 | 100 | 10 | 0 | 4 |
|Demand| 0 | 200 | 0 | | |
|Difference| 4 | 6 | 0 | | |
The initial feasible solution is:
| | Windhoek | Gobabis | Walvis Bay | Supply |
|----|----------|---------|------------|--------|
|Rundu| 0 | 0 | 100 | 0 |
|Oshakati| 100 | 0 | 200 | 0 |
|Katima Mulilo| 200 | 100 | 0 | 0 |
|Demand| 0 | 0 | 0 | |
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The following information was taken from the records of Vaughn SA for the year 2022: Income tax applicable to income from continuing operations R$128,800; income tax applicable to loss on discontinued operations R$27,400, and unrealized holding gain on equity securities designated at fair value through other comprehensive income R$16,200. Gain on sale of plant assets R$104,000 Loss on discontinued operations 81,000 Administrative expenses 262,000
Rent revenue 46,00
Loss on impairment of land 64,800 Cash dividends declared R$ 162,000 Retained earnings January 1, 2022 648,000 Cost of goods sold 918,000 Selling expenses 324,000 Sales revenue1,836,000 Ordinary shares outstanding during 2022 were 100.000
The retained earnings for Vaughn SA for the year 2022 is R$643,400.
The net income for Vaughn SA for the year 2022 can be calculated using the following formula:
Net Income = (Sales Revenue - Cost of Goods Sold - Selling Expenses - Administrative Expenses - Loss on Impairment of Land - Loss on Discontinued Operations + Gain on Sale of Plant Assets + Rent Revenue) - Income Tax
Plugging in the given values, we get:
Net Income = (1,836,000 - 918,000 - 324,000 - 262,000 - 64,800 - 81,000 + 104,000 + 46,000) - 128,800
Net Income = (286,200) - 128,800
Net Income = 157,400
Therefore, the net income for Vaughn SA for the year 2022 is R$157,400.
The earnings per share (EPS) can be calculated using the following formula:
EPS = Net Income / Number of Ordinary Shares Outstanding
Plugging in the values, we get:
EPS = 157,400 / 100,000
EPS = 1.574
Therefore, the earnings per share for Vaughn SA for the year 2022 is R$1.574.
The retained earnings for Vaughn SA for the year 2022 can be calculated using the following formula:
Retained Earnings = Beginning Retained Earnings + Net Income - Cash Dividends Declared
Plugging in the values, we get:
Retained Earnings = 648,000 + 157,400 - 162,000
Retained Earnings = 643,400
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In connection with your audit of Caloocan Corporation for the year ended December 31, 2006, you gathered the following: 1. Current account at Metrobank P2,000,000
2. Current account at BPI (100,000) 3. Payroll account 500,000 4. Foreign bank account – restricted (in equivalent pesos) 1,000,000 5. Postage stamps 1,000
6. Employee’s post dated check 4,000 7. IOU from controller’s sister 10,000 8. Credit memo from a vendor for a purchase return 20,000 9. Traveler’s check 50,000 10. Not-sufficient-funds check 15,000 11. Money order 30,000 12. Petty cash fund (P4,000 in currency and expense receipts for P6,000) 10,000 13. Treasury bills, due 3/31/07 (purchased 12/31/06) 200,000 14. Treasury bills, due 1/31/07 (purchased 1/1/06) 300,000 Question: Based on the above information and the result of your audit, compute for the cash and cash equivalent that would be reported on the December 31, 2006 balance sheet. a. P2,784,000 b. P3,084,000 c. P2,790,000 d. P2,704,000
Based on the information provided and the result of the audit, the cash and cash equivalent that would be reported on the December 31, 2006 balance sheet is P2,784,000. This is computed as follows:
Current account at Metrobank: P2,000,000
Current account at BPI: (P100,000)
Payroll account: P500,000
Foreign bank account – restricted (in equivalent pesos): P1,000,000
Postage stamps: P1,000
Employee’s post dated check: P4,000
IOU from controller’s sister: P10,000
Credit memo from a vendor for a purchase return: P20,000
Traveler’s check: P50,000
Not-sufficient-funds check: P15,000
Money order: P30,000
Petty cash fund (P4,000 in currency and expense receipts for P6,000): P10,000
Treasury bills, due 3/31/07 (purchased 12/31/06): P200,000
Treasury bills, due 1/31/07 (purchased 1/1/06): P300,000
Total: P2,784,000
Therefore, the correct answer is a. P2,784,000.
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Board ""roles"" generally include all the following except:LeadershipAdvisorLawyerAccountantCorporate social responsibility (CSR) primarily includes each of the following except:Ethical responsibilitiesLegal responsibilitiesEconomic responsibilitiesEcological responsibilities
Board "roles" generally include all the following except: Lawyer. Board members typically have leadership, advisory, and financial responsibilities, but they do not usually serve as lawyers for the organization. That role is typically filled by outside legal counsel.
Corporate social responsibility (CSR) primarily includes each of the following except: Economic responsibilities. CSR generally focuses on ethical, legal, and ecological responsibilities. While economic responsibilities are important for any organization, they are not typically considered a part of CSR.The Board of Directors supervises and controls the management and operations of the company. The duty of the Board is to promote the interests of shareholders and the Group by overseeing the administration and proper organization of operations.
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The following costs and inventory data were taken from the accounts of Malik Company for the year 2021: 1 January 2021 31 December 2021
Inventories: (RM) (RM) Raw materials 8,000 7,000 Work in process 15,000 13,000 Finished goods 16,000 12,000 Costs incurred: Raw materials purchases 98,000
Direct labor 42,000 Factory rent 8,000 Factory utilities 10,000 Indirect materials 6,000
Indirect labor 9,000
Operating expenses 17,000 Instructions: (a) Prepare a schedule of Cost of Goods Manufactured for Malik Company for the year ended 31 December 2021. (b) Prepare the Cost of Goods Sold section of the Statement of Profit or Loss for Malik Company for the year ended December 2021.
Cost of Goods Manufactured for Malik Company for the year ended 31 December 2021, total cost of goods manufactured = 191,000 a.nd Ending inventory of finished goods 12,000 = 195,000
Raw materials: Beginning Inventory 8,000 + Raw materials purchases 98,000 = 106,000
Less: Ending inventory 7,000 = 99,000
Work in process: Beginning inventory 15,000 Less: Ending inventory 13,000 = 2,000
Direct labor 42,000 Factory rent 8,000 Factory utilities 10,000 Indirect materials 6,000 Indirect labor 9,000 Operating
expenses 17,000 = 92,000
Total cost of goods manufactured = 191,000
(b) Cost of Goods Sold section of the Statement of Profit or Loss for Malik Company for the year ended December 2021:
Beginning inventory of finished goods 16,000 + Cost of goods manufactured 191,000 = 207,000
Less: Ending inventory of finished goods 12,000 = 195,000
Cost of Goods Sold = 195,000
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Suppose you bought a bond with a coupon rate of 7.9 percent one year ago for $902. The bond sells for $936 today.
Required:
(a) Assuming a $1,000 face value, what was your total dollar return on this investment over the past year?
Total dollar return $
(b) What was your total nominal rate of return on this investment over the past year? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)
Total nominal rate of return %
(c) If the inflation rate last year was 4.4 percent, what was your total real rate of return on this investment? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)
Total real rate of return %
(a) The total dollar return on this investment over the past year is $113
(b) The total nominal rate of return on this investment over the past year is 12.53%
(c) The total real rate of return on this investment is 7.78%
(a) The total dollar return on this investment over the past year can be calculated as follows:
Total dollar return = (Selling price - Purchase price) + Coupon payment
Total dollar return = ($936 - $902) + ($1,000 x 7.9%)
Total dollar return = $34 + $79
Total dollar return = $113
(b) The total nominal rate of return on this investment over the past year can be calculated as follows:
Total nominal rate of return = (Total dollar return / Purchase price) x 100%
Total nominal rate of return = ($113 / $902) x 100%
Total nominal rate of return = 12.53%
(c) The total real rate of return on this investment can be calculated as follows:
Total real rate of return = [(1 + Total nominal rate of return) / (1 + Inflation rate)] - 1
Total real rate of return = [(1 + 12.53%) / (1 + 4.4%)] - 1
Total real rate of return = 7.78%
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Given: Selling price per unit, $48; total fixed expenses, $106,000; variable expenses per unit,
$36. Assume that variable expenses are reduced by 25% per unit, and the total fixed expenses are
increased by 15%. Find the sales in units to achieve a profit of $23,000, assuming no change in
selling price
The sales in units to achieve a profit of $23,000, assuming no change in selling price, is 346 units.
The sales in units to achieve a profit of $23,000, assuming no change in selling price, can be calculated by using the following equation:
Profit = Sales (units) x (Selling Price - Variable Expenses - Fixed Expenses)
In this case, $23,000 = S x ($48 - $36 - $106,000)
Substituting the given values and reducing the variable expenses by 25%, we have:
$23,000 = S x ($48 - (0.75 * $36) - (1.15 * $106,000))
Simplifying the equation, we get:
$23,000 = S x (-$67,000)
Solving for S, we get:
S = 346 units
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Nixon Limited manufactures and sells a single product. The following data have been extracted from the current year budget.
Selling Price £20/unit
Variable Cost £12/unit
Weekly Profit £22,000
Total weekly fixed cost £10,000
Required:
a. Calculate weekly sales units to generate the profit of £22,000?
b. Calculate break even sales units?
c. Calculate margin of safety?
Nixon Limited needs to sell 4,000 units per week to generate a profit of £22,000, Nixon Limited needs to sell 1,250 units per week to break even and the margin of safety for Nixon Limited is 2,750 units.
a. To calculate the weekly sales units needed to generate a profit of £22,000, we can use the formula:
Profit = (Selling Price - Variable Cost) x Sales Units - Fixed Cost
Rearranging the formula to solve for Sales Units:
Sales Units = (Profit + Fixed Cost) / (Selling Price - Variable Cost)
Plugging in the given values:
Sales Units = (£22,000 + £10,000) / (£20 - £12) = 4,000 units
Therefore, Nixon Limited needs to sell 4,000 units per week to generate a profit of £22,000.
b. To calculate the break-even sales units, we can use the formula:
Break Even Sales Units = Fixed Cost / (Selling Price - Variable Cost)
Plugging in the given values:
Break Even Sales Units = £10,000 / (£20 - £12) = 1,250 units
Therefore, Nixon Limited needs to sell 1,250 units per week to break even.
c. To calculate the margin of safety, we can use the formula:
The margin of Safety = Actual Sales Units - Break Even Sales Units
Plugging in the values from part a and b:
Margin of Safety = 4,000 - 1,250 = 2,750 units
Therefore, the margin of safety for Nixon Limited is 2,750 units.
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Suppose that the index model for stocks A and B is estimated from excess returns with the following results:
RA = 2.0% + 0.40RM + eA
RB = –1.8% + 0.90RM + eB
σM = 15.0%; R-squareA = 0.30; R-squareB = 0.22
What is the covariance between each stock and the market index?
The covariance between stock A and the market index is 0.9% and the covariance between stock B and the market index is 2.025%.
The covariance between each stock and the market index can be calculated using the formula:
Cov(RA, RM) = βA * σM^2 and Cov(RB, RM) = βB * σM^2.
For stock A, we have βA = 0.40 and σM = 15.0%. So the covariance between stock A and the market index is:
Cov(RA, RM) = 0.40 * (15.0%)^2 = 0.40 * 0.0225 = 0.0090 or 0.9%
Similarly, for stock B, we have βB = 0.90 and σM = 15.0%. So the covariance between stock B and the market index is:
Cov(RB, RM) = 0.90 * (15.0%)^2 = 0.90 * 0.0225 = 0.02025 or 2.025%
Therefore, the covariance between stock A and the market index is 0.9% and the covariance between stock B and the market index is 2.025%.
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Sage Hill Limited is a private company that follows ASPE. It is authorized to issue an unlimited number of both common and $5 cumulative preferred shares. On December 31, 2021, there were 39,500 common and 1,400 preferred shares issued. The common shares had been issued at an average per share amount of $10; the preferred shares at $105. The balance in the Retained Earnings account on January 1, 2021, was $292,500. During 2021, the company had profit of $130,000 and declared a total of $77,000 of dividends, of which $61,000 was paid during the year.
The shareholders' equity of Sage Hill Limited on December 31, 2021, is $887,500.
The shareholders' equity of Sage Hill Limited can be calculated by adding the value of the common shares, preferred shares, and retained earnings. The value of the common shares is the number of common shares issued multiplied by the average per share amount.
The value of the preferred shares is the number of preferred shares issued multiplied by the per share amount. The retained earnings is the balance in the Retained Earnings account on January 1, 2021, plus the profit for the year, minus the dividends declared.
The value of the common shares is 39,500 common shares x $10 per share = $395,000
The value of the preferred shares is 1,400 preferred shares x $105 per share = $147,000
The retained earnings is $292,500 + $130,000 - $77,000 = $345,500
The shareholders' equity of Sage Hill Limited is $395,000 + $147,000 + $345,500 = $887,500
Therefore, the shareholders' equity of Sage Hill Limited on December 31, 2021, is $887,500.
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(b) Using relevant examples, elaborate THREE (3) types of defect that can lead to a product liability claim. (15 Marks)
There are three primary types of defects that can lead to a product liability claim. These include manufacturing defects, design defects, and failure to provide adequate warnings or instructions.
Manufacturing Defects: Manufacturing defects occur when there is a problem with the way a product was made or assembled. Examples of this type of defect include a piece of clothing that rips during normal wear due to a flawed seam, or a set of kitchen knives that have sharp edges which cause lacerations during use.
Design Defects: Design defects occur when a product is inherently unsafe, due to a flaw in the design. This means that the product is unsafe even when it is manufactured correctly. Examples of design defects include a car with a defective steering system, or a pressure cooker with an inadequate locking mechanism.
Failure to Provide Adequate Warnings or Instructions: Products that are safe to use when used as intended must come with warnings or instructions to make sure consumers use them correctly and do not put themselves in danger.
Examples of this type of defect include a medication that does not list potential side effects, or a child's toy that does not warn about potential choking hazards.
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Goldman Sachs and other investment firms are examples of: a.
Primary markets. b. Bond markets. c. Commodity markets. d.
Secondary Markets.
Goldman Sachs and other investment firms are examples of secondary Markets.
The correct answer is d. Secondary Markets.
Goldman Sachs and other investment firms are examples of secondary markets. A secondary market is a marketplace where previously issued securities, such as stocks and bonds, are traded among investors. These markets are important because they provide liquidity, meaning that investors can easily buy and sell securities.
Primary markets, on the other hand, are where new securities are issued and sold to the public for the first time. Bond markets are where bonds, which are a type of debt security, are traded. Commodity markets are where commodities, such as agricultural products and natural resources, are traded.
Goldman Sachs and other investment firms are examples of secondary markets, where previously issued securities are traded among investors.
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You are required in this assignment to think of TWO companies, in the same field, and make a comparison by listing the marketing mix (4 P's) of both companies: Complete the following information as follows: • Product: Most selling product(s) and brief description about it - could be a physical good, services, consulting, etc. • Price: How much does the company charge for the selected product. • Place: Where is the product distributed and made available for the consumer (you can think of an example of any distributor and a brief description about it). • Promotion: How do customers find out about the selected product? What promotional strategies does the company use, and are they effective? Note: You can answer in a paragraph form, bullet points or in a table form.
When comparing two companies in the same field, it is useful to consider their marketing mix, or 4 P's: Product, Price, Place, and Promotion. The two companies that I have chosen for this comparison are Nike and Adidas, both of which are in the field of athletic apparel and footwear.
Nike:
• Product: The most selling product for Nike is their Air Jordan line of shoes, which are designed for basketball players and feature innovative technology for comfort and performance.
• Price: The average price for a pair of Air Jordans is around $190.
• Place: Nike products are distributed through a variety of channels, including their own retail stores, online platforms, and authorized dealers such as Foot Locker and Finish Line.
• Promotion: Nike uses a variety of promotional strategies, including celebrity endorsements, sponsorships of professional sports teams and athletes, and advertising through television commercials and social media.
Adidas:
• Product: The most selling product for Adidas is their Ultra Boost line of shoes, which are designed for runners and feature responsive cushioning technology.
• Price: The average price for a pair of Ultra Boost shoes is around $180.
• Place: Adidas products are distributed through a variety of channels, including their own retail stores, online platforms, and authorized dealers such as Foot Locker and Finish Line.
• Promotion: Adidas uses a variety of promotional strategies, including celebrity endorsements, sponsorships of professional sports teams and athletes, and advertising through television commercials and social media.
Overall, both Nike and Adidas have a strong marketing mix that includes innovative products, competitive pricing, wide distribution channels, and effective promotional strategies. However, Nike's Air Jordan line has a slightly higher price point than Adidas' Ultra Boost line, and Nike also has a larger presence in the basketball market, while Adidas is more focused on the running market.
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1. What is the difference between a change in accounting policy
and a change in accounting estimate?
2. What is the meaning of retrospective application versus
prospective application in IAS 8?
3. If
1. A change in accounting policy refers to a change in the principles, basis, conventions, rules, and practices used in preparing and presenting financial statements. On the other hand, a change in accounting estimate is a change in the amount or method used to determine an estimate in the financial statements. For example, a change in the depreciation method is a change in accounting policy, while a change in the useful life of an asset is a change in accounting estimate.
2. Retrospective application means applying a new accounting policy to transactions, events, and balances that occurred before the date of change, as if the new policy had always been applied. Prospective application means applying a new accounting policy to transactions, events, and balances that occur after the date of change.
3. If a company changes its accounting policy, it should apply the new policy retrospectively, unless it is impractical to do so. If a company changes its accounting estimate, it should apply the new estimate prospectively, from the date of the change onwards. This is in accordance with IAS 8, which sets out the requirements for changes in accounting policies and estimates.
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Banyan Co.’s common stock currently sells for $37.25 per share. The growth rate is a constant 6%, and the company has an expected dividend yield of 5%. The expected long-run dividend payout ratio is 40%, and the expected return on equity (ROE) is 10.0%. New stock can be sold to the public at the current price, but a flotation cost of 10% would be incurred. What would be the cost of new equity? Do not round intermediate calculations. Round your answer to two decimal places.
The cost of new equity can be calculated using the following formula:
Cost of new equity = (Expected dividend / Net proceeds) + Growth rate
Where:
- Expected dividend = Expected dividend yield * Current stock price
- Net proceeds = Current stock price - Flotation cost
Plugging in the given values:
- Expected dividend = 5% * $37.25 = $1.86
- Net proceeds = $37.25 - (10% * $37.25) = $33.53
Cost of new equity = ($1.86 / $33.53) + 6% = 11.55%
Therefore, the cost of new equity for Banyan Co. is 11.55%.
Answer: \boxed{11.55}.
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Business Analytics:
Discuss why is predictive analytics analysis the next logical step in any business analytics (BA) process?
Discuss why would one use logic-driven models to aid in developing data-driven models?
Predictive analytics is the next logical step in a business analytics process while logic-driven models can be used to help develop data-driven models by allowing the underlying logic to be identified, such as relationships between variables, cause-effect scenarios, and thresholds.
Predictive analytics is the next logical step in any business analytics process because it provides insight into potential future outcomes. By using historical data and statistical algorithms, predictive analytics can help businesses anticipate customer behavior, forecast demand, identify potential risks, and optimize decision making. This can result in increased profitability and competitive advantage for a business.
Logic-driven models are used to aid in developing data-driven models because they provide a framework for understanding the relationships between variables. By using logic-driven models, businesses can identify the key drivers of performance and develop data-driven models that accurately reflect the underlying dynamics of the business. This can help businesses make more informed decisions and improve their overall performance.
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Briefly state which candidate you selected. List the five benefits you selected to be included in this employee’s total rewards package. For each benefit you selected, explain why you selected it and how you believe it will impact organizational effectiveness and the employee (considering aspects like company size, organizational culture, budget, the position itself, as well as the employee). Your initial post must be a minimum of 300 words. Cite at least one scholarly source to support your response.
I have selected Candidate A for the position. For the total rewards package, I selected the following benefits: health insurance, flexible work hours, tuition reimbursement, and vacation days. Each of these benefits was chosen for their potential to impact organizational effectiveness, as well as for the positive impact it would have on the employee.
1. Select a candidate: Choose a hypothetical candidate for a specific position within an organization. Consider the qualifications and skills that this candidate possesses and how they align with the needs of the organization.
2. Select five benefits: Choose five benefits that you believe will be most beneficial to the employee and the organization. Consider the size of the company, the organizational culture, the budget, the position itself, and the employee when making your selections.
3. Explain the benefits: For each benefit you selected, explain why you chose it and how you believe it will impact organizational effectiveness and the employee. Consider how the benefit will support the employee's needs and how it will contribute to the overall success of the organization.
4. Cite a scholarly source: Use at least one scholarly source to support your response. This could be a journal article, book, or other reputable source that provides evidence or research related to employee benefits and organizational effectiveness.
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Capital One CaseBackground:In this case, we will be talking about ice cream. This case is not about financial services.A lot of problems we deal with on the daily basis are broader than banking.You are president and CEO for our ice cream corporation. There is a Chief FinancialOfficer (CFO) and Chief Operating Officer (COO), but you determine the businessbecause you own the product and sales. By owning the product, we mean for examplethat you have chocolate and vanilla, but you could also add swirl. Keep in mind that icecream flavors are well established. Our ice cream is non-perishableYour job as sales is to maximize profit, not only the amount of ice cream you sell. Youare also responsible of setting up prices.We are already a leading domestic supplier. We’re in every market, and not looking toadd any. We know the competition is fierce but defined: there are national and regionalplayers. We are not expecting any new entrance into the market or innovation. Juststeady competition. Pricing is the one factor we can control, we are not looking to enterany new markets, and we know the competition’s going to make up their minds.Problem:What are the key factors you would take into consideration as you build strategies togrow profits for this company?Consider:- Number and size of markets- Number and size of competitors- How would competition react if there is any change?- Role of pricing- What would happen if price changed?- How would competitors react with your new profit growth strategy?- What risk should consider and how would you mitigate them?- Are there any other factors you could think of in the long run?Important information:Price = $5 dollars per cartonCost = $1 dollars per carton (Fixed price is neglected = $0)Assume you sell 100 cartons each month.Elasticity of demand is -4.
As president and CEO of an ice cream corporation, there are several key factors you should consider as you build strategies to grow profits. Price and cost are two important considerations when setting up strategies. When pricing, it is important to consider the sensitivity of customers to changes in price.
The number and size of markets and competitors should be taken into account, as well as the role of pricing and how the competition will react to any changes. Additionally, it is important to consider the elasticity of demand and the risk associated with any strategies and how you can mitigate those risks.
In this case, price is $5 dollars per carton, and cost is $1 dollar per carton. Assuming you sell 100 cartons each month, the elasticity of demand is -4.
It is also important to think about any long-term factors you can use to grow profits. You should consider the quality of your product, the strength of your brand, and the effectiveness of your marketing and advertising campaigns. Additionally, you should take into account any possible innovations in the market, as well as potential new entrants that could affect your profits.
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I invested on January 1st 2013 10.000€ in a financial product that is giving a compounded interest with payments on a quarterly basis.
On January 1st 2024 I will get back my investment together with the interests, and I know that I will receive 37.411€.
It was a good investment, but I can´t remember the rate.
Could you tell me?
A company has the following cash flow:
Period C0= -1000
Period C1= +600
Period C2= -200
Period C3= +600
Should the company invest in the project if cost of capital is 4%?
For the first question, we can use the formula for compound interest with quarterly payments to find the rate:
A = P(1 + r/4)^(4n)
Where A is the final amount, P is the principal, r is the rate, and n is the number of years. Plugging in the given values:
37,411 = 10,000(1 + r/4)^(4*11)
3.7411 = (1 + r/4)^44
Taking the 44th root of both sides:
1.0213 = 1 + r/4
Solving for r:
r/4 = 0.0213
r = 0.0852
So the rate of the investment is 8.52%.
For the second question, we can use the net present value (NPV) formula of the cash flows to determine if the company should invest in the project:
NPV = C0 + C1/(1 + r)^1 + C2/(1 + r)^2 + C3/(1 + r)^3
Plugging in the given values:
NPV = -1000 + 600/(1 + 0.04)^1 + (-200)/(1 + 0.04)^2 + 600/(1 + 0.04)^3
NPV = -1000 + 576.92 + (-184.66) + 528.14
NPV = -79.6
Since the NPV is negative, the company should not invest in the project.
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QUESTION 1 Financial Institution XY has assets of $1 million Invested in a 30-year, 10 percent annual coupon. Treasury bond selling at par.
The duration of this bond has been estimated at 9.94 years.
The assets are financed with equity and a $900.000, year, annual coupon bond selling at par with duration 1.8975
a.What is the leverage-adjusted duration gap?
What risk is the Fl facing? Explain
b. What is the impact on equity value if the relative change in market interest rates is a decrease of 20 basis points? NOTE, The relative change in Interest rates is a ΔR/(I+R)
c Using the information calculated in parts (a) and (b), what can be said about the desired duration gap for a financial institution if interest rates are expected to increase or decrease.
d. Verify your answer to part (c) by calculating the change in the market value of equity assuming that the relative change in all market interest rates is an increase of 30 basis points.
e. What would the duration of the assets need to be to immunize the equity from changes in market interest rates?
f. The Fl wants to bedge its interest rate risk exposure using bond futures. Suppose the current futures price quote is $95 per $100 of face value for the benchmark 20-year, bond underlying the nearby futures contract, the minimum contract size is $100,000, and the duration of the deliverable bond is 9 years.
i. How can futures be used to hedge the risk faced by the FI?
ii. Calculate number of futures contracts to be used to fully hedge the balancesheet
g. What is the meaning of the basis risk adjustment ratio? Calculate the number futures contracts should have been used using the 20-year bond contracts if the ratio were b = 1.32. Calculate the optimal hedge ratio in this case and explain its meaning
a. The leverage-adjusted duration gap is 8232250 and the risk Fl facing is interest rate risk. b. The impact on equity value is 14967.73. c. The desired duration gap for a financial institution if interest rates are expected to increase or decrease is a negative duration gap or a positive duration gap respectively. d. The change in the market value of equity is -22453.10. e. The duration of the assets need to be 1.8975. f. i. FI can sell bond futures to hedge its interest rate risk exposure. ii. The number of futures contracts to be used to fully hedge the balance sheet is 9113.42. g. The basis risk adjustment ratio refers to the ratio of spot price variation to futures price variation. The number futures contracts is 12025.72. Optimal hedge ratio would need to be calculated using the covariance and variance of the spot and futures prices.
a. The leverage-adjusted duration gap is the difference between the duration of the assets and the duration of the liabilities, weighted by their respective values. In this case, the leverage-adjusted duration gap is:
LADG = (1 million)(9.94) - (900,000)(1.8975) = 9940000 - 1707750 = 8232250
The FI is facing interest rate risk, as the value of its assets and liabilities will change with changes in market interest rates.
b. The impact on equity value if the relative change in market interest rates is a decrease of 20 basis points is:
ΔE = -LADG * (ΔR/(1+R)) = -8232250 * (-0.002/(1+0.10)) = 14967.73
c. The desired duration gap for a financial institution if interest rates are expected to increase is a negative duration gap, as this will result in an increase in the value of equity. Conversely, if interest rates are expected to decrease, the desired duration gap is a positive duration gap, as this will result in an increase in the value of equity.
d. The change in the market value of equity assuming that the relative change in all market interest rates is an increase of 30 basis points is:
ΔE = -LADG * (ΔR/(1+R)) = -8232250 * (0.003/(1+0.10)) = -22453.10
e. The duration of the assets would need to be equal to the duration of the liabilities in order to immunize the equity from changes in market interest rates. In this case, the duration of the assets would need to be 1.8975.
f. i. Futures can be used to hedge the risk faced by the FI by taking a position in the futures market that is opposite to the position in the spot market. In this case, the FI can sell bond futures to hedge its interest rate risk exposure.
ii. The number of futures contracts to be used to fully hedge the balance sheet is:
N = (LADG * V)/(Df * Pf) = (8232250 * 1)/(9 * 95) = 9113.42
g. The basis risk adjustment ratio is the ratio of the change in the spot price to the change in the futures price. It is used to adjust the number of futures contracts to account for basis risk. If the ratio were b = 1.32, the number of futures contracts should have been:
N = (LADG * V * b)/(Df * Pf) = (8232250 * 1 * 1.32)/(9 * 95) = 12025.72
The optimal hedge ratio is the ratio of the covariance of the change in the spot price and the change in the futures price to the variance of the change in the futures price. It is used to determine the optimal number of futures contracts to minimize the variance of the hedged portfolio. The optimal hedge ratio in this case would need to be calculated using the covariance and variance of the spot and futures prices.
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There are possible actions a company can take to improve the quantity and quality of its marketing intelligence.a): 7 b): 8 c): 9 d): 10A marketing intelligence system is a set of procedures and sources that managers use to obtain everyday information about developments in the marketing environment.a): True b): FalseFraming occurs when customers are given a perspective or point of view that allows the seller to "put its best foot forward".a): Yes b): NoThere are categories _________ of classification of buyer–supplier relationships.a): 6 b): 7 c): 8 d): None of the aboveThere are 4 steps in customer value analysis. a): Yes b): No
a) The correct answer is 8. There are 8 possible actions a company can take to improve the quantity and quality of its marketing intelligence.
b) The correct answer is True. A marketing intelligence system is a set of procedures and sources that managers use to obtain everyday information about developments in the marketing environment.
c) The correct answer is Yes.
d)The correct answer is 7.There are 7 categories of classification of buyer–supplier relationships. e) The correct answer is No.
For first question,There are 8 possible actions a company can take to improve the quantity and quality of its marketing intelligence. These include:
Motivating distributors, Networking externally, Setting up a customer advisory panel, Utilizing government data sources, Purchasing information from outside suppliers,
Collecting competitive intelligence, and 8) Conducting online research.
b) The correct answer is True. This includes information about customers, competitors, and any other factors that may affect the company's performance.
c) The correct answer is Yes. Framing occurs when customers are given a perspective or point of view that allows the seller to "put its best foot forward".
d) There are 7 categories of classification of buyer-supplier relationships.
e) The correct answer is No. There are 5 steps in customer value analysis. 4) Examining how customers in a specific segment rate the company's performance against a specific major competitor on an individual attribute or benefit basis, and 5) Monitoring customer values over time.
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Following are two years of income statements and balance sheets for the Munich Exports Corporation.
MUNICH EXPORTS CORPORATION
Balance Sheet 2012 2013
Cash $50,000 $50,000
Accounts Receivables 200,000 300,000
Inventories 450,000 570,000
Total Current Assets 700,000 920,000
Fixed Assets, Net 300,000 380,000
Total Assets $1,000,000 $1,300,000
Accounts Payable 130,000 $180,000
Accruals 50,000 70,000
Bank Loan 90,000 90,000
Total Current Liabilities 270,000 340,000
Long-Term Debt 400,000 550,000
Common Stock ($.05 par) 50,000 50,000
Additional Paid-in-Capital 200,000 200,000
Retained Earnings 80,000 160,000
Total Liab. & Equity $1,000,000 $1,300,000
Income Statement 2012 2013
Net Sales $1,300,000 $1,600,000
Cost of Goods Sold 780,000 960,000
Gross Profit 520,000 640,000
Marketing 130,000 160,000
General & Administrative 150,000 150,000
Depreciation 40,000 55,000
EBIT 200,000 275,000
Interest 45,000 55,000
Earnings Before Taxes 155,000 220,000
Income Taxes (40% rate) 62,000 88,000
Net Income $93,000 $132,000
48. Using the financial statements for Munich Exports above, calculate the cash build for Munich Exports in 2013.
a. $1300
b. $1500
c. $1700
d. $1600
49. Using the financial statements for Munich Exports shown above, calculate the cash burn (note, not the net cash burn) for Munich Exports in 2013.
a. $1668
b. $1455
c. $1718
d. $1598
A trade secret can potentially last ___________ if secrecy is maintained.
a.Forever
b.Life of Author + 70 years unless a work for hire
c.20 years from the date of filing
d.15 years from the date of grant
e. None of the above
48. The cash build for Munich Exports in 2013 can be calculated by subtracting the beginning cash balance from the ending cash balance. In this case, the beginning cash balance is $50,000 and the ending cash balance is $50,000, so the cash build is $50,000 - $50,000 = $0. Therefore, the correct answer is none of the above.
49. The cash burn for Munich Exports in 2013 can be calculated by subtracting the cash inflows from the cash outflows. In this case, the cash inflows are the net sales of $1,600,000 and the cash outflows are the cost of goods sold of $960,000, the marketing expenses of $160,000, the general and administrative expenses of $150,000, the depreciation of $55,000, and the interest of $55,000. The cash burn is $1,600,000 - $960,000 - $160,000 - $150,000 - $55,000 - $55,000 = $220,000. Therefore, the correct answer is none of the above.
A trade secret can potentially last forever if secrecy is maintained. Therefore, the correct answer is a. Forever.
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(a) Your company is offering a new highly branded perfume in the market targeting both males
and females. Present detail strategies for any THREE (3) promotional tools suitable for it.
(15 marks)(b) Based on the above question, provide your justification towards any TWO (2) of the chosen
tools. Evaluate the effectiveness of both tools in attracting customers to try it.
(10 marks)
(a) The promotional tools suitable for a highly branded perfume are televisions ads, social media, and print ads. (b) Television ads are effective in reaching customers through wide audience. Social media platforms are effective in reaching customers through targeted campaigns.
(a) The three promotional tools suitable for a highly branded perfume in the market targeting both males and females are:
1. Television Ads: Television ads have the potential to reach a wide audience, helping to build brand awareness quickly.
2. Social Media: Utilizing social media platforms are an effective way to reach customers. These platforms can be used to create campaigns that can target users based on age, location, and interests.
3. Print Ads: Print ads in newspapers, magazines, and other publications are still an effective way to reach potential customers.
(b) 1. Television Ads: Television ads are an effective way to reach customers, both male and female, as they have the potential to reach a wide audience. They can help build brand awareness quickly and can be used to show off the unique features of the product.
Evaluation: Television ads are effective in attracting customers to try the product as they are visual and can make an emotional connection with viewers.
2. Social Media: Social media platforms are an effective way to reach customers, both male and female, as they allow for targeted campaigns to reach users with the specific features of the product.
Evaluation: Social media campaigns can be effective in attracting customers to try the product as they can be tailored to reach users with the unique features of the product and allow for easy sharing among friends and family.
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Malaysia is known as the only country in this world that has a complex, dynamic, and effective regulations for conventional and Islamic financial systems. Explain the main objective of the Malaysian government having a separate legislation for both systems. (5 marks)
The main objective of the Malaysian government in having separate legislation for both conventional and Islamic financial systems is to cater to the different needs and beliefs of the Malaysian population, promote financial stability, and protect the rights of consumers.
The Malaysian government recognizes that there are significant differences between the two systems and therefore, separate legislation is necessary to ensure that each system is regulated effectively.
The conventional financial system is based on the principles of capitalism and operates on the basis of interest rates. On the other hand, the Islamic financial system is based on the principles of Shariah law and prohibits the charging of interest.
As a result, the Malaysian government has created separate legislation to ensure that each system operates in accordance with its respective principles.
Additionally, the Malaysian government aims to promote financial stability and protect the rights of consumers by having separate legislation for both systems. This ensures that both systems are regulated effectively and that consumers are protected from any potential risks.
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5. If the return of a mutual fund investment in 2018 was
$165,500, Suppose we invest 156200 in dec. 2016. what was the
average annual growth rate over the two years?
According to the question, the return of a mutual fund investment in 2018 was $165,500, Supposing that we have invested 156200 in dec. 2016, the average annual growth rate of the mutual fund investment over the two years is 0.0293, or 2.93%
To find the average annual growth rate of a mutual fund investment, we can use the formula:
AAGR = (Ending value/Beginning value)^(1/Number of years) - 1
In this case, the ending value is $165,500, the beginning value is $156,200, and the number of years is 2. Plugging these values into the formula, we get:
AAGR = ($165,500/$156,200)^(1/2) - 1
AAGR = 1.0595^(1/2) - 1
AAGR = 1.0293 - 1
AAGR = 0.0293
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The public company "GQ ball pen industries ltd" Term paper.
Part 1:
Each group will be assigned one company by the course instructor to work with. Groups
will test the financial performance of the assigned company for the most recent 3 years
(using the published annual reports). For example, if a group is assigned Beximco
Pharmaceuticals Ltd, they must do ratio analysis for Beximco for the most recent 3 years.
Ratio Analysis should be made based on the following ratios-
I. Profitability Ratio – Gross Profit Margin, Net Profit Margin, Return on Asset and
Return on Equity
II. Asset Management Ratio – Average Age of Inventory, Average Collection Period,
Average Payment Period and Total Asset Turnover
III. Liquidity Ratio – Current Ratio and Quick Ratio.
IV. Debt Management Ratio – Debt-Equity Ratio and Interest Coverage Ratio
V. Market Ratio – P/E Ratio and EPS
VI. DuPont analysis – Decomposition of Return on Equity (ROE)
*** Calculation must be supported by relevant interpretation. Students have to show
and interpret each type of ratio containing the last 3 years’ performance of the
company. Without a logical and rich interpretation of the ratios, your assignment will
have no value. ***
Ratio Analysis must be done and submitted in PDF file. A detailed breakdown of the
calculation must be shown. Ex.-
Inventory + Trade Debtors + Advances Deposits and Payments + Short term Loan (Unsecured) + Cash Equivalents
Trade Creditors + Liabilities for Expenses + Liabilities for other Finance
3730808243 + 2204014900 + 1450936735 + 21386290 + 15768683854
843937277 + 27576542 + 1489930233
Part 2:
Students will have to show a one year trend analysis of the stock price for their assigned
company. The selected year (for the trend analysis) should be the latest year based on
which the financial ratios for the company were calculated. Furthermore they must follow
the accounting period (ex- Jul-Jun) of their assigned company.
Students need to do a thorough interpretation of the trend analysis of the stock price
movement. Stock price fluctuation must be graphically displayed through line-chart.
Interpretation of the fluctuation should be based on news archive, economic factors.
Trend Analysis should be performed using Excel.
Part 3:
As a reference to the work, each group must provide screenshots of pages from where
the amount/figures were derived and provide them in the appendix. Also an excel file
containing daily stock price for the entire year with trend analysis should be included in
the appendix. In addition to that, a reference page should also be included.
A separate findings section in the paper should take the reader in detail through the
companies’ performance over the same time period based on financial ratio and stock
price. Charts and graphs (explaining the financial performance) incorporated is a must.
This report will carry 10% Marks.
Use the online consultation hours of your respective faculty member if you need any
clarification.
V. Term Paper Structure:
Cover Page
Table of Content
Executive Summary
Background of the assigned company (Maximum half page)
Ratio Analysis: Calculation of financial ratios for the assigned company. It should be
submitted in a PDF file
Trend Analysis of Stock Price: Daily stock price of the assigned company with line charts
to show fluctuation. It should be submitted in Microsoft excel.
Analysis and findings: This section should have a detailed interpretation of company’s
financial position based on the all the ratios calculated in the previous section. Major
factors impacting the stock price fluctuation with citation (provided in reference).
Conclusion
References
Appendix
The term paper for the public company "GQ ball pen industries ltd" requires students to analyze the financial performance of the assigned company for the most recent 3 years using ratio analysis.
The analysis should be based on the following ratios: profitability ratio, asset management ratio, liquidity ratio, debt management ratio, market ratio, and DuPont analysis. Each ratio should be calculated and supported by relevant interpretation.
Students should also show a one year trend analysis of the stock price for their assigned company and provide a thorough interpretation of the trend analysis. Additionally, students should include screenshots of pages from where the amount/figures were derived, an excel file containing daily stock price for the entire year with trend analysis,
And a reference page in the appendix. The term paper should also include a separate findings section that takes the reader in detail through the companies’ performance over the same time period based on financial ratio and stock price.
The term paper should be structured with a cover page, table of content, executive summary, background of the assigned company, ratio analysis, trend analysis of stock price, analysis and findings, conclusion, references, and appendix.
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Banks offer several accounts types which customers can choose from. As a database administrators, one of your responsibilities is to choose the best database structure to maximize the performance of the bank’s information system.
a. Discuss the available database structures that can be used?
b. Choose of the best types from the above and JUSTIFY your choice?
The available database structures that can be used include hierarchical, network, relational, object-oriented, and NoSQL databases (a).
The relational database structure is the best choice due to its ability to efficiently store and manage large volumes of structured data, its support for complex queries, and its adherence to ACID properties, ensuring data consistency and reliability (b).
Relational databases store data in tables, with each table representing a specific entity and its attributes, and relationships between entities are established using foreign keys. This structure allows for efficient data retrieval and manipulation through the use of SQL queries. Relational databases also support transactions, ensuring data consistency and reliability.
Finally, relational databases are widely used, meaning that there is a large pool of available tools, documentation, and expertise to draw upon when working with these databases.
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Fatma is your boss at a new Law firm in Dammam. She is traditional in her management style, and unhappy with the performance of the junior lawyers. Explain four [4] HR practices to her, that could support high-performance work systems.
Four HR practices that could support high-performance work systems are Performance management , Training and development , Employee engagement , Compensation and benefits.
1. Performance management: Setting clear goals and objectives for junior lawyers and providing regular feedback on their performance can help them understand what is expected of them and how they can improve.
2. Training and development: Providing opportunities for junior lawyers to develop their skills and knowledge can help them perform better in their roles.
3. Employee engagement: Engaging employees and seeking their input can help improve morale and motivation, leading to better performance.
4. Compensation and benefits: Offering competitive compensation and benefits can help attract and retain high-performing employees.
Implementing these HR practices can help Fatma improve the performance of the junior lawyers and create a high-performance work system at the law firm.
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