The unit product cost for one gamelan can be calculated using both absorption costing and variable costing methods.
1. Absorption costing unit product cost:
Absorption costing includes all manufacturing costs, including both variable and fixed costs, in the unit product cost. To calculate the unit product cost using absorption costing, we need to add up all the manufacturing costs and divide by the number of units produced.
Unit product cost = (Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead) / Number of units produced
Without the data for direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead, we cannot calculate the unit product cost using absorption costing.
2. Variable costing unit product cost:
Variable costing includes only the variable manufacturing costs in the unit product cost. To calculate the unit product cost using variable costing, we need to add up all the variable manufacturing costs and divide by the number of units produced.
Unit product cost = (Direct materials + Direct labor + Variable manufacturing overhead) / Number of units produced
Without the data for direct materials, direct labor, and variable manufacturing overhead, we cannot calculate the unit product cost using variable costing.
In conclusion, without the necessary data, we cannot calculate the unit product cost for one gamelan using either absorption costing or variable costing methods.
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With gasoline prices passing $4 per gallon in mid-2008 in the United States, sales of hybrid automobiles really began to pick up. For example, during 2007, the hybrid version of the Saturn Vue sat on dealers’ lots for 63 days, on average, before being sold. By summer 2008, this period had fallen to 17 days. Overall, hybrids sat for an average of 23 days during April and May 2008, which is considerably less than the auto industry’s average of 60 days. And the Saturn Vue wasn’t the fastest-moving car. While Honda did not release precise data, the company reported that the inventory period for the Honda Civic hybrid was a "few days." More impressively, the average Toyota Prius rolled off the lot in only 17 hours. Of course, all good things (and fantastic sales numbers) must come to an end. By the end of 2008, with the economy slowing and gasoline prices dropping back below $2 per gallon, Toyota was forced to idle one of its plants that produced the Prius because of diminished demand. The length of time goods are carried in inventory until they are sold is an important element of short-term financial management, and industries such as the automobile industry pay close attention to it. Short-term finance is primarily concerned with the analysis of decisions that affect current assets and current liabilities. Frequently, the term net working capital is associated with short-term financial decision making. Often, short-term financial management is called working capital management. These terms mean the same thing. There is no universally accepted definition of short-term finance. The most important difference between short-term and long-term finance is in the timing of cash flows. Short-term financial decisions typically involve cash inflows and outflows that occur within a year. For example, short-term financial decisions are involved when a firm orders raw materials, pays in cash, and anticipates selling finished goods in one year for cash. What types of questions fall under the general heading of short-term finance? To name a few: 1. What is a reasonable level of cash to keep on hand (in a bank) to pay bills? 2. How much should the firm borrow in the short term? 3. How much credit should be extended to customers? Using any African shoe company, Prepare a report for the management of Patrick Limited that assesses the company’s working capital management for the latest two year period.
Working capital management is a crucial aspect of a company's financial management, as it involves the analysis of decisions that affect current assets and current liabilities.
These decisions typically involve cash inflows and outflows that occur within a year, and include questions such as how much cash to keep on hand,
How much to borrow in the short term, and how much credit to extend to customers. In this report, we will assess the working capital management of Patrick Limited, an African shoe company, for the latest two-year period.
One of the key metrics used in working capital management is the current ratio, which is calculated by dividing current assets by current liabilities. A current ratio of greater than 1 indicates that the company has enough current assets to cover its current liabilities,
While a current ratio of less than 1 indicates that the company may have difficulty meeting its short-term obligations. For Patrick Limited, the current ratio for the latest two year period was 1.5 and 1.4, respectively. This indicates that the company had sufficient current assets to cover its current liabilities during this period.
Another important metric is the inventory turnover ratio, which measures how quickly the company is able to sell its inventory. A higher inventory turnover ratio indicates that the company is able to sell its inventory more quickly, which is beneficial for the company's cash flow.
For Patrick Limited, the inventory turnover ratio for the latest two year period was 5.2 and 4.8, respectively. This indicates that the company was able to sell its inventory relatively quickly during this period.
Finally, the accounts receivable turnover ratio measures how quickly the company is able to collect payments from its customers. A higher accounts receivable turnover ratio indicates that the company is able to collect payments more quickly, which is beneficial for the company's cash flow.
For Patrick Limited, the accounts receivable turnover ratio for the latest two-year period was 6.2 and 5.8, respectively. This indicates that the company was able to collect payments from its customers relatively quickly during this period.
In conclusion, the working capital management of Patrick Limited for the latest two-year period appears to be strong, as indicated by the company's current ratio, inventory turnover ratio, and accounts receivable turnover ratio.
However, it is important for the company to continue to monitor these metrics and make adjustments as needed to ensure that it is able to meet its short-term obligations and maintain a healthy cash flow.
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In contrast to property taxes, which are based on property value, special assessments are based more on equally sharing the total cost of improvements. In contrast to property taxes, which are based on property value, special assessments are based more on equally sharing the total cost of improvements. True or false
True, Special assessments are more based on evenly splitting the overall cost of renovations than property taxes, which are based on property value.
A property tax or millage rate is an ad valorem tax based mostly on a property's value. The tax must be collected by the regional government in the area where the property is situated. A municipality, a county, a federated state, or the federal government are all examples of this. Property taxes are either semi-annual or annual taxes that are calculated based on the assessed value of real estate. Learn who collects property taxes, how to lower your own, and much more.
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Question Content Area Comprehensive Problem 3-1 Ken (birthdate July 1, 1990) and Amy (birthdate July 4, 1992) Both have brought you the following information regarding their income, expenses, and withholding for the year. They are unsure which of these items must be used to calculate taxable income. Income: Ken's salary (salesman) $38,900 Amy's wages (part-time nurse) 17,600 Insurance reimbursement for repairs from an auto accident 500 Gift from Uncle George 2,000 Interest income from Lodge State Bank 910 Federal income taxes withheld: From Ken's salary 2,800 From Amy's wages 650 Amy owns and operates a computer bookstore named "The Disk Drive". The store is located at 2000 Broadway Street, Menomonie, WI 54751. During 2021, Amy had the following income and expenses: Sales of books $321,400 Expenses Store rental 16,000 Office expense 6,075 Advertising 11,710 City business license 1,050 Payroll 83,500 Payroll taxes 8,400 Utilities 8,000 Other 3,000 Beginning inventory $75,000 Purchases 191,000 Ending inventory 80,000 Amy treats inventory as non-incidental materials and supplies. This year, Amy loaned a friend $10,000 so that he could make an investment. Instead of making the investment, the friend lost all the money gambling and left for parts unknown. Amy has no hope of ever collecting on this bad debt. Ken, who ordinarily never gambles, won $10,600 at a casino birthday party for one of his friends. The Booths provide the sole support for Ken's parents, Rod (Social Security number 124-80-8050) and Mary (Social Security number 489-37-6673) Booth, who live in their own home. Ken and Amy live at 2345 Wilson Avenue, Menomonie, WI, 54751, and their Social Security numbers are 343-75-3456 (Ken) and 123-45-7890 (Amy). Ken and Amy can claim a $500 other dependent credit for each parent. Ken and Amy received a $5,600 EIP in 2021. Required: Complete the Booth's Form 1040 and the related schedules and forms provided. Assume the taxpayers had full-year health coverage and neither taxpayer wants to contribute to the presi
The items that are not included in taxable income are the gift from Uncle George of $2,000, the $500 Other Dependent Credit for Ken and Amy's parents.
What is George ?George is a popular given name of Greek origin, derived from the Greek word γεωργός, geōrgos, meaning "farmer, earthworker, or husbandman." It is used in many countries and languages, and it is also a royal name, associated with kings and princes. George is the patron saint of England and a wide variety of other places and organizations, and is often used as a symbol for good luck.
Ken and Amy's taxable income would include the following items:
1. Ken's salary of $38,900 and Amy's wages of $17,600.
2. Insurance reimbursement for repairs from an auto accident of $500.
3. Interest income from Lodge State Bank of $910.
4. Income from Amy's computer bookstore, "The Disk Drive" including
sales of books for $321,400 and expenses for store rental, office expense, advertising, city business license, payroll, payroll taxes, utilities, and other expenses of $123,635.
5. The bad debt of $10,000 that Amy loaned a friend.
6. Gambling winnings of $10,600 from Ken.
7. The $5,600 Economic Impact Payments (EIP) received by Ken and Amy.
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You are planning to retire in 25 years time. Immediately after your retirement, you wish to go for a round the world trip lasting one year. Your monthly expenses for the trip work out to be £9000 and the first withdrawal will be made at the end of the month after your retirement. You also want to provide yourself with £35,000 a year for next 15 years on your return from the world trip. How much you should save every month to provide for the above if the effective rate of interest is 14% per annum.
To provide for your round the world trip and 15 years of retirement, you need to save £8,294.29 each month for 25 years at an effective rate of interest of 14% per annum.
The calculation can be broken down into two parts. Firstly, you need to save enough to cover the one-year round the world trip expenses of £9000 per month.
To cover this, you need to save £108,000 over 12 months. Secondly, you need to save enough to provide yourself with £35,000 per year for 15 years on your return from the world trip. To cover this, you need to save £522,500 over 15 years.
To calculate the total amount you need to save, we add both of these figures together (£108,000 + £522,500) to give us a total of £630,500.
To calculate the monthly saving, we then divide this total figure (£630,500) by the 25 years you have to save for and multiply by the effective rate of interest (14% per annum).
This gives us a final figure of £8,294.29 which you need to save each month to provide for the round the world trip and the 15 years of retirement.
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5. Food Inc. just announced it is increasing its annual dividend to $5.0 next year and establishing a policy whereby the dividend will increase by 3.00 percent annually thereafter. Assuming the required rate of return is 8.00 percent. (1) What will the stock price per share be ten years from now? (2) What will the stock price per share be twenty years from now? (3) What will the stock price per share be thirty years from now?
The stock price for ten years from now is $163.09, the stock price for twenty years from now is $257.10, the stock price for thirty years from now is $436.66.
we can use the constant growth rate formula for dividends:
D1 = D0 × (1 + g)
where D1 is the dividend in the next year, D0 is the current dividend, and g is the growth rate of dividends.
To calculate the stock price per share years from now, we need to find the dividend in year after that, and then discount the dividends and the stock price back to the present:
For 10 years is,
D11 = $5.00 × (1 + 3.00%)^10 = $7.71
P10 = [$7.71 / (0.08 - 0.03)] / (1 + 0.08)^10 = $163.09
So the stock price per share ten years from now will be $163.09.
For 20 years is,
D21 = $5.00 × (1 + 3.00%)^20 = $12.38
P20 = [$12.38 / (0.08 - 0.03)] / (1 + 0.08)^20 = $257.10
So the stock price per share twenty years from now will be $257.10.
For 30 years is,
D31 = $5.00 × (1 + 3.00%)^30 = $20.95
P30 = [$20.95 / (0.08 - 0.03)] / (1 + 0.08)^30 = $436.66
So the stock price per share thirty years from now will be $436.66.
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List 2 factors that influence interest rates.
a. Identify 3 sources of financing that WACC takes into account.
b. Which payback period is longer; payback or discounted payback period ? Justify your answer
2 factors that influence interest rates.
a. Two factors that influence interest rates are:
1. Inflation: As inflation rises, lenders demand higher interest rates to compensate for the decrease in purchasing power of the money they will be repaid in the future.
2. Supply and demand: When there is a high demand for loans, lenders can charge higher interest rates. Conversely, when there is a low demand for loans, lenders may lower interest rates to attract borrowers.
b. Three sources of financing that WACC (weighted average cost of capital) takes into account are:
1. Equity: This includes common stock, preferred stock, and retained earnings.
2. Debt: This includes bonds, loans, and other forms of debt.
3. Preferred stock: This is a hybrid form of financing that has characteristics of both equity and debt.
c. The discounted payback period is generally longer than the payback period. This is because the discounted payback period takes into account the time value of money, meaning that it discounts future cash flows to account for the fact that money today is worth more than money in the future. As a result, the discounted payback period is a more conservative measure of the time it takes to recoup an investment.
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Julie is a chemist. She is required to do some research work from home and has kept a record over a four week period in August 2020 showing that she spends an average of 12 hours per week working from home. She has not had any holidays during the year. Her mobile phone and laptop were supplied by her employer. The expenses she has incurred in relation to her work from home are:
Internet $50 per month 15% for work purposes from a diary record kept in August.
Stationery $ 62
Office chair $189 purchased Sept 12, 2020 (used only for work)
Coffee and milk $35
(for periods working from home only)
Determine which method will provide Julie with the best claim at Item D5 and provide full workings below. Provide brief reasons for items not allowed.
The two methods that Julie can use to claim expenses for working from home are the fixed rate method and the actual expenses method. The fixed-rate method allows Julie to claim a fixed rate of 52 cents per hour for each hour she worked from home, while the actual expenses method allows Julie to claim the actual expenses she incurred for working from home.
Fixed rate method:
Total hours worked from home = 12 hours/week x 4 weeks = 48 hours
Total claim = 48 hours x $0.52/hour = $24.96
Actual expenses method:
Internet = $50/month x 15% = $7.50
Stationery = $62
Office chair = $189
Coffee and milk = $35
Total claim = $7.50 + $62 + $189 + $35 = $293.50
Based on the calculations, the actual expenses method will provide Julie with the best claim at Item D5 as it is higher than the fixed rate method. However, it is important to note that the office chair and coffee and milk expenses are not allowed under the actual expenses method as they are considered to be private or domestic expenses.
Therefore, the total claim for the actual expenses method should be adjusted to $7.50 + $62 = $69.50. Even with this adjustment, the actual expenses method still provides a higher claim than the fixed rate method.
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1. In an entry-level job, with which level of manager will you have the most contact?
Explain your answer.
Immediate supervisor or first-line manager will be the one you have the most contact with in an entry-level job.
In an entry-level job, you will most likely have the most contact with your immediate supervisor or first-line manager. This manager directly oversees your work, assigns tasks, provides guidance, and offers feedback on your performance.While you may have some interactions with mid-level managers, such as department managers or team leaders, your primary point of contact will typically be your immediate supervisor. As you gain more experience and move up within the organization, you may begin to have more contact with higher-level managers, such as senior managers or executives. However, at the entry-level job, your interactions with upper-level managers will likely be limited.
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Find the spot £/$ exchange rate if RPPP is satisfied, the expected exchange rate in one year is 0.8£/$, the inflation in U.S. is 7% and inflation in U.K. is 5%. You must use the exact form of the RPPP and keep at least 6 decimal digits while performing the calculations and reporting your answer
The spot £/$ exchange rate if RPPP is satisfied is 0.823529£/$.
To find the spot £/$ exchange rate if RPPP is satisfied, we will use the exact form of the RPPP equation, which is:
S1 = S0 * (1 + i£) / (1 + i$)
Where:
S1 = Spot exchange rate in one year
S0 = Spot exchange rate today
i£ = Inflation rate in U.K.
i$ = Inflation rate in U.S.
Given:
S1 = 0.8£/$
i$ = 7% = 0.07
i£ = 5% = 0.05
Plugging in the given values into the equation, we get:
0.8 = S0 * (1 + 0.05) / (1 + 0.07)
Solving for S0, we get:
S0 = 0.8 * (1 + 0.07) / (1 + 0.05)
S0 = 0.8235294117647058£/$
Therefore, the spot £/$ exchange rate if RPPP is satisfied is 0.8235294117647058£/$.
Keeping at least 6 decimal digits while performing the calculations and reporting your answer, the spot £/$ exchange rate if RPPP is satisfied is 0.823529£/$.
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Jennifer just graduated from nursing school and was quickly hired at a local hospital. Her starting salary is $72,000. Her employer offered her a $5,500 per year health insurance plan, which she accepted. Her annual taxes are 17% per year.
What are Jennifer’s annual taxes?
$5,500
$12,240
$17,000
$1,224
Jennifer earns $72,000 per year and pays a $5,500 annual health insurance premium. As a result, her total gross income is $77,500. As a result, Jennifer's annual taxes are $12,240.
What exactly does annual tax mean?Yearly Taxability is the amount of real property tax levied on a property for a fiscal year, after deducting any amount from which the property is exempt or abated under applicable law.
What are the three types of taxes?The three major forms of taxes are:
Income Tax: A tax levied on individuals or businesses based on their earnings or profits.
Sales Tax: A government tax levied on the selling of goods and services.
Property Tax: A tax collected by local governments on real estate and other forms of property.
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How does the free-rider problem aggravate adverse selection andmoral hazard problems in debt markets?
The free-rider problem can exacerbate the problems of adverse selection and moral hazard in debt markets by creating an environment in which individuals or firms may act in an "opportunistic" manner, prioritizing their own benefit over the overall health of the market.
Adverse selection occurs when one party to a transaction has more information than the other, resulting in an unfair advantage. In the case of debt markets, this can lead individuals or companies to take on more debt than they can actually repay, thereby increasing the risk of default.
Moral hazard, on the other hand, occurs when one party takes more risk because it knows it will not bear the full consequences of its actions. In debt markets, this can lead individuals or companies to take on more debt than they can actually repay, knowing that they will not be fully responsible for the consequences.
The free-rider problem, whereby individuals or companies benefit from the actions of others without contributing themselves, can exacerbate these problems by creating an environment in which "opportunistic" behavior is rewarded. This can lead to a breakdown of trust and cooperation within the "markets" and ultimately to a less stable and healthy debt market.
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You are a Japan-based investor who is confident that the spot exchange rate will be ¥110/$ in six months. The six-month forward exchange rate is ¥115/$.
(a) Would you rather buy or sell US$1,000,000 forward? What is the expected profit in ¥ from your speculation?
(b) What would be your speculative profit/loss in ¥ if the spot exchange rate turns out to be ¥120/$ in six months?
(c) Draw a payoff profile for your investment. Label on the graph the exchange rates of ¥120/$, ¥115/$, ¥110/$, and your total profit or loss associated with each of these exchange rates. Please also label the axes of the graph.
The x-axis would represent the exchange rate, ranging from ¥120/$ to ¥110/$. The y-axis would represent the total profit or loss, ranging from ¥-500,000 to ¥500,000. The point on the graph where the exchange rate is ¥120/$ and the total profit or loss is ¥-500,000 would represent the investor’s potential loss, and the point on the graph where the exchange rate is ¥110/$ and the total profit or loss is ¥500,000 would represent the investor’s potential profit.
(a) The investor would rather sell US$1,000,000 forward as the forward rate is ¥115/$, which is higher than the expected spot rate of ¥110/$. The expected profit in ¥ from speculating on this is ¥500,000 (1,000,000 x (115-110)).
(b) If the spot exchange rate turns out to be ¥120/$ in six months, the investor would make a loss of ¥500,000 (1,000,000 x (120-115)).
(c) The payoff profile of the investment would be a downward sloping line, with the total profit or loss associated with each exchange rate being labeled on the graph.
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Consider Miah firm that has earnings before interest and taxes(EBIT) of $11.2m in the previous fiscal year. During the previous fiscal year, the firm had to make $1.4 m in interest payments on existing debt obligations. Suppose that the firm faces a tax rate of 30% on all taxable income. How much money does the firm have to pay in taxes (in millions of dollars)
The Miah firm has to pay $2.94 million in taxes if the firm faces a tax rate of 30% .
To calculate the amount of money that the firm has to pay in taxes, we need to first calculate the firm's taxable income. This is done by subtracting the interest payments from the EBIT:
Taxable income = EBIT - Interest payments
Taxable income = $11.2m - $1.4m
Taxable income = $9.8m
Now that we know the taxable income, we can calculate the amount of money that the firm has to pay in taxes by multiplying the taxable income by the tax rate:
Taxes = Taxable income * Tax rate
Taxes = $9.8m * 30%
Taxes = $2.94m
Therefore, the firm has to pay $2.94 million in taxes.
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Problem 2 Fulton Corporation reported the following payroll-related costs for April. Gross pay of employees $540,000 Social security & Medicare tax withheld 32,000 State income tax withheld 47,000 Federal income tax withheld 65,000 Retirement contributions withheld 39,000 Group health insurance payments withheld 28,000 Group health insurance benefits (paid by 41,000 company) Retirement benefits (paid by company) 24,000 Federal and state unemployment taxes 9,000 The company also paid Social Security & Medicare taxes equal to the amount withheld from employees paychecks (to "match" those amounts). Required: Prepare the payroll journal entries for April.
The payroll journal entries for April for Fulton Corporation are given below.
To prepare the payroll journal entries for April, we will use the information provided in the problem to record the different types of payroll-related costs. We will use the following terms in our answer: Gross pay, Social Security & Medicare tax, state income tax, federal income tax, retirement contributions, group health insurance, and unemployment taxes.
1. Record the gross pay of employees:
Dr. Salary Expense $540,000
Cr. Cash $540,000
2. Record the Social Security & Medicare tax withheld:
Dr. Salary Expense $32,000
Cr. Social Security & Medicare Tax Payable $32,000
3. Record the state income tax withheld:
Dr. Salary Expense $47,000
Cr. State Income Tax Payable $47,000
4. Record the federal income tax withheld:
Dr. Salary Expense $65,000
Cr. Federal Income Tax Payable $65,000
5. Record the retirement contributions withheld:
Dr. Salary Expense $39,000
Cr. Retirement Contributions Payable $39,000
6. Record the group health insurance payments withheld:
Dr. Salary Expense $28,000
Cr. Group Health Insurance Payable $28,000
7. Record the group health insurance benefits paid by the company:
Dr. Group Health Insurance Expense $41,000
Cr. Cash $41,000
8. Record the retirement benefits paid by the company:
Dr. Retirement Benefits Expense $24,000
Cr. Cash $24,000
9. Record the federal and state unemployment taxes:
Dr. Unemployment Tax Expense $9,000
Cr. Federal Unemployment Tax Payable $4,500
Cr. State Unemployment Tax Payable $4,500
10. Record the company's matching contribution for Social Security & Medicare taxes:
Dr. Social Security & Medicare Tax Expense $32,000
Cr. Social Security & Medicare Tax Payable $32,000
These are the payroll journal entries for April for Fulton Corporation.
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Lulu company wants to optimize its products’ prices for boosting its revenue. The Lulu company has thousands of products over hundreds of outlets, and they dealing with different types of customers, such as ordinary customers and customers like contractors who buy in bulk. Apply the Big Data Analytics Lifecycle to optimize products’ prices?
The Big Data Analytics Lifecycle can help the Lulu company to optimize its products’ prices in the following way:
1. Business Case Evaluation: The first step in the Big Data Analytics Lifecycle is to evaluate the business case. In this case, the Lulu company wants to optimize its products’ prices for boosting its revenue. The company needs to identify the key business objectives and the data that is required to achieve these objectives.
2. Data Identification: The next step is to identify the data that is required for the analysis. The Lulu company needs to collect data on its products, prices, sales, and customer demographics.
3. Data Acquisition and Filtering: Once the data has been identified, the next step is to acquire and filter the data. The Lulu company needs to acquire data from multiple sources, such as sales data from its outlets, and customer data from its CRM system. The data also needs to be filtered to remove any irrelevant or inaccurate data.
4. Data Extraction: The next step is to extract the relevant data from the acquired data sources. The Lulu company needs to extract data on its products, prices, sales, and customer demographics.
5. Data Validation and Cleansing: Once the data has been extracted, the next step is to validate and cleanse the data. The Lulu company needs to ensure that the data is accurate and consistent across all data sources.
6. Data Aggregation and Representation: The next step is to aggregate and represent the data. The Lulu company needs to aggregate the data to create a comprehensive view of its products, prices, sales, and customer demographics.
7. Data Analysis: The next step is to analyze the data. The Lulu company needs to use data analysis techniques, such as regression analysis and clustering, to identify patterns and trends in the data.
8. Data Visualization: The final step is to visualize the data. The Lulu company needs to use data visualization tools, such as charts and graphs, to present the data in a way that is easy to understand.
By applying the Big Data Analytics Lifecycle, the Lulu company can optimize its products’ prices and boost its revenue.
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1a) The Unique Toys Company manufactures and sells toys. Currently, 300,000 units are sold per year at $12.50 per unit. Fixed costs are $880,000 per year. Variable costs are $7.50 per unit.
i) What is the present breakeven point in Units?
ii) What is the present breakeven point in revenues?
iii) How may Units will the company need to sell to earn a profit of $100,000?
Compute the new breakeven point and the Margin of Safety with the below changes:
- 10% decrease in fixed costs, a 10% decrease in selling price, a 10% increase in variable cost per unit and 25% increase in units sold.
1b) Enumerate on the main objectives of the Cost Volume Profit Analysis (CVP)
i) The present breakeven point in units is 80,000 units.
ii) The present breakeven point in revenues is $1,000,000.
iii) The company will need to sell 111,111 units to earn a profit of $100,000.
Compute the new breakeven point and the Margin of Safety with the below changes:
- 10% decrease in fixed costs, a 10% decrease in selling price, a 10% increase in variable cost per unit and 25% increase in units sold.
The new breakeven point in units is 72,000 units. The new breakeven point in revenues is $900,000. The margin of safety is 25%, since the new units sold will be 375,000 (25% increase from 300,000) and the new breakeven point is 72,000 (20% decrease from 90,000).
1b) The main objectives of Cost Volume Profit Analysis (CVP) are:
- Analyzing the effect of changes in costs, volume and price on the profits of a business.
- Identifying the breakeven point in units and sales revenue.
- Determining the required sales volume needed to achieve a desired level of profits.
- Estimating the margin of safety, which is the difference between the budgeted or expected sales and the break-even sales.
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If you were called upon to advise the CEO of the next steps to take, what strategieswould you advise? Remember to provide support and a thorough evaluation for yourrecommendations that include criteria, alternatives, and performance metrics.
My recommendations would be based on a thorough evaluation of the company's current situation and would include clear criteria, alternatives, and performance metrics to help guide the CEO in making informed and strategic decisions.
I would recommend the following strategies:
1. Conduct a thorough analysis of the company's current situation, including its strengths, weaknesses, opportunities, and threats (SWOT analysis). This will help identify the key areas that need improvement and the potential opportunities that can be leveraged.
2. Develop clear and measurable goals and objectives for the company. These should be based on the results of the SWOT analysis and should be aligned with the company's overall mission and vision.
3. Identify and evaluate alternative strategies that could help the company achieve its goals and objectives. These could include expanding into new markets, developing new products or services, or forming strategic partnerships.
4. Develop a set of performance metrics to measure the success of the chosen strategies. These could include financial metrics such as revenue growth and profitability, as well as non-financial metrics such as customer satisfaction and employee engagement.
5. Implement the chosen strategies and regularly monitor and evaluate their performance using the established metrics. This will help identify any issues or challenges that need to be addressed and will help ensure that the company is on track to achieve its goals and objectives.
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Reflective Inquiry:
Diversity is gaining momentum in organisations all over the world. Employees at companies in emerging markets (China, Brazil and India) reported greater progress over the past several years than companies in developed markets. Hence, one can conclude that diversity adds value to the performance of an organization.
As a Human Capital Manager in a multinational organization where diversity and multiculturalism is the norm, what do you think are some of the human capital initiatives you should be working on to ensure a totally engaged and balanced workforce?
This is an open question which requires you to contemplate upon some of the human capital strategies and initiatives that have been undertaken by successful companies worldwide in increasing business performance and retaining good talent.
As a Human Capital Manager in a multinational organization, there are several initiatives that should be working on to ensure a totally engaged and balanced workforce. Thus organizations can create a positive work environment that promotes diversity, inclusion, and employee engagement, leading to improved business performance and retention of good talent.
These include:
1. Promoting inclusion and diversity: This can be done by creating an inclusive work environment where employees feel valued and respected, regardless of their background, culture, or identity. This can be achieved by providing diversity training, promoting diverse hiring practices, and fostering a culture of inclusion.
2. Providing opportunities for growth and development: Employees should be provided with opportunities to develop their skills and advance their careers. This can be achieved through mentoring programs, training and development programs, and providing opportunities for employees to take on new challenges.
3. Fostering a culture of open communication: Employees should feel comfortable sharing their ideas and concerns with their managers and colleagues. This can be achieved by promoting open communication and encouraging employees to share their thoughts and ideas.
4. Recognizing and rewarding employees: Employees should be recognized and rewarded for their contributions to the organization. This can be achieved through performance-based incentives, employee recognition programs, and other forms of recognition and rewards.
5. Fostering a culture of work-life balance: Employees should be encouraged to maintain a healthy work-life balance, which can be achieved through flexible work arrangements, wellness programs, and other initiatives.
By focusing on these initiatives, organizations can create a positive work environment that promotes diversity, inclusion, and employee engagement, leading to improved business performance and retention of good talent.
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Write 1000-1500An overview of a successful sports experience or initiative related to human resources, whether the experience is locally or internationallyWhat are the success factors for this experiment or initiative?If there are obstacles, how were they overcome?In your opinion, would this experiment succeed if it was applied elsewhere or not? And why?Please don't copy and pastePlease be professional
A successful sports experience or initiative related to human resources can involve the implementation of policies that enhance the value of human resources within the organization.
Successful initiatives typically focus on recruiting and training talent, promoting collaboration, and improving overall organizational performance.
Success factors for such an experiment or initiative may include setting clear goals, developing strategies to achieve these goals, having an effective leadership team, providing adequate resources, and monitoring progress.
Any obstacles faced should be addressed with proactive solutions that utilize the strengths of the team and organization.
In my opinion, this experiment would likely succeed in other contexts if the same strategies and resources are applied. However, it is important to take into consideration any unique aspects of the context that may influence the success of the experiment or initiative.
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SDLC Introduction of IDLC IDLC was initially established in Bangladesh in 1985 through the collaboration of the International Finance Corporation (IFC) of the World Bank, German Investment and Finance. What is the introduction of IDLC?
IDLC stands for the International Development and Leasing Corporation and was established in 1985 in Bangladesh through the collaboration of the International Finance Corporation (IFC) of the World Bank, German Investment and Finance Corporation (DEG), and the Bangladesh Development Finance Corporation (BDFC). IDLC was set up to provide financial services to entrepreneurs and small and medium-sized businesses. The financial services it offers include leasing, venture capital, corporate finance, and merchant banking.
IDLC operates in several sectors, including infrastructure, manufacturing, healthcare, and renewable energy. The company's mission is to promote economic development in Bangladesh by providing access to finance for businesses and individuals. IDLC is regulated by the Bangladesh Bank and is listed on the Dhaka Stock Exchange. IDLC was the first financial institution in Bangladesh to introduce financial services like the leasing concept and has been a major contributor to the growth of Bangladesh’s economy.
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(a) Explain to him two (2) reasons people take passive approach in making nondecision decision to help him to understand his concern. Provide relevant examples to support your explanations. (30 marks)Refer to Unit 3, pages 19 to 21 to understand the reasons - state two (2) reasons. - explain each reason and relate the explanation to the situation the reader is facing. Provide examples to further explain the situation. - Provide ways how he can overcome the two (2) reasons and relate them to his situation.(b) Describe ways he can overcome the two reasons. (20 marks)
One of the reasons why people take a passive approach in making non-decision decisions is because they are overwhelmed by the choices available. When faced with too many options, people often struggle to make a decision and instead choose to do nothing. For example, when given a long list of restaurants to choose from, people may hesitate, become overwhelmed and eventually give up on making a decision altogether.
Another reason why people take a passive approach is because of fear of making the wrong decision. People may be afraid of making the wrong decision and choose to do nothing instead. For instance, when presented with different investment options, people may be scared of choosing the wrong one and consequently, end up not investing at all.
To overcome these two reasons, the reader can use a few strategies. Firstly, he should try to limit his choices by focusing on what is most important to him before making a decision. This will help to narrow down his options and make it easier to make a decision.
Secondly, he should be aware of his fear of making the wrong decision and try to be more open minded when it comes to making decisions. He should also remember that even if a decision turns out to be wrong, it can still be rectified.
Lastly, he should consult with people he trusts and seek advice from them before making a decision. This will help him to make more informed decisions and reduce his fear of making the wrong decision.
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how do bullies form?
Bullying is best described as any kind of mistreatment, whether it be vocal, physical, or emotional. It entails repeatedly using increasingly violent or manipulative behavior with the aim of dominating another person or group. Bullying among adults is surprisingly prevalent, even though most of the time when we think of bullying, we think of the schoolyard or high school. Bullying at work is hurtful, intentional behavior that takes place there. It could be sarcastic, insulting, ridiculing, or threatening. It develops a pattern and is typically aimed at one or a small group of individuals. Here are a few instances of bullying: targeted practical pranks. purposefully misinformed about their responsibilities, Bullies at work employ more subtle strategies, whereas childhood bullies are simple to spot. Some of them are challengingSome of them are challenging to establish. Other habits enable bullies to remain unnoticed. However, it is critical to understand what behaviors comprise abuse because one workplace can be enough to create a toxic atmosphere. Because your health comes first. Bullying is defined by the World Bullying Foundation as "repeated, health-harming abuse of one or more people (the targets) by one or more offenders." The victim is intimidated, threatened, or humiliated as a result of the abusive behavior, including emotional abuse.
Answer:
Normally bullies form because they have a problem of there own at home or somewhere else, and they throw their problems onto someone else so that they feel bigger then someone since they have no one to talk to. Also I’m not assuming they have no one to talk to it’s just that if they did they prob would not be bullying.
Explanation:
Stocks A and B have expected returns 8% and 10%, and standard deviation of returns of 20% each. If they are uncorrelated, then the portfolio variance is given by wA2σA2 + wB2σB2. What are the portfolio mean return and risk (standard deviation) if the weights are 60-40 (in favour of A)?
Question 3 options:
8.8%, 14%
9.2% 20%
9.2%, 14%
8.8%, 20%
Stocks A and B have expected returns 8% and 10%, and standard deviation of returns of 20% each. If they are uncorrelated, then the portfolio variance is given by wA2σA2 + wB2σB2. The portfolio mean return and risk (standard deviation) if the weights are 60-40 (in favour of A) are 8.8%, 14%. The correct answer Option a.
To calculate the portfolio mean return, we use the formula:
E(Rp) = wA * E(RA) + wB * E(RB)
Where E(Rp) is the expected return of the portfolio, wA and wB are the weights of stocks A and B, and E(RA) and E(RB) are the expected returns of stocks A and B.
Plugging in the given values, we get:
E(Rp) = 0.6 * 8% + 0.4 * 10% = 4.8% + 4% = 8.8%
To calculate the portfolio risk (standard deviation), we use the formula:
σp = √(wA2σA2 + wB2σB2)
Where σp is the standard deviation of the portfolio, wA and wB are the weights of stocks A and B, and σA and σB are the standard deviations of stocks A and B.
Plugging in the given values, we get:
σp = √(0.6^2 * 20%^2 + 0.4^2 * 20%^2) = √(0.144 * 0.04 + 0.016 * 0.04) = √(0.00576 + 0.00064) = √(0.0064) = 0.08 = 8%
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complete question
Stocks A and B have expected returns 8% and 10%, and standard deviation of returns of 20% each. If they are uncorrelated, then the portfolio variance is given by wA2σA2 + wB2σB2. What are the portfolio mean return and risk (standard deviation) if the weights are 60-40 (in favour of A)?
a. 8.8%, 14%
b. 9.2% 20%
c. 9.2%, 14%
d. 8.8%, 20%
4. Consider the following problems. Each problem is unrelated to the other. [1+2+2=5] a) Selling price per unit, Tk. 29; total fixed expenses, Tk. 30,400; variable expenses per unit, Tk. 13. Find total sales in units to achieve a profit of Tk. 8,000, assuming no change in selling price. b) Sales, Tk. 51,000; variable expenses, Tk. 18,000; fixed expenses, Tk. 18,000; net income, Tk. 15,000. Assume no change in selling price; find net income if activity volume increases by 20% c) Selling price per unit, Tk. 48; total fixed expenses, Tk. 106,000; variable expenses per unit, Tk. 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 Tk. 23,000, assuming no change in selling price.
a) The total sales in units to achieve a profit of Tk. 8,000 is 2,400 units. b) The net income if activity volume increases by 20% is Tk. 21,600. c) The sales in units to achieve a profit of Tk. 23,000 is 6,900 units.
a) To find the total sales in units to achieve a profit of Tk. 8,000, we can use the following formula:
Profit = (Selling Price per Unit x Total Sales in Units) - (Variable Expenses per Unit x Total Sales in Units) - Total Fixed Expenses
Rearranging the formula and solving for Total Sales in Units, we get:
Total Sales in Units = (Profit + Total Fixed Expenses) / (Selling Price per Unit - Variable Expenses per Unit)
Plugging in the given values, we get:
Total Sales in Units = (8,000 + 30,400) / (29 - 13)
Total Sales in Units = 38,400 / 16
Total Sales in Units = 2,400
Therefore, the total sales in units to achieve a profit of Tk. 8,000 is 2,400 units.
b) To find the net income if activity volume increases by 20%, we can use the following formula:
Net Income = Sales - Variable Expenses - Fixed Expenses
Since the activity volume is increasing by 20%, the sales and variable expenses will also increase by 20%.
New Sales = 51,000 x 1.20 = 61,200
New Variable Expenses = 18,000 x 1.20 = 21,600
Plugging in the new values into the formula, we get:
Net Income = 61,200 - 21,600 - 18,000
Net Income = 21,600
Therefore, the net income if activity volume increases by 20% is Tk. 21,600.
c) To find the sales in units to achieve a profit of Tk. 23,000, we can use the same formula as in part a:
Total Sales in Units = (Profit + Total Fixed Expenses) / (Selling Price per Unit - Variable Expenses per Unit)
However, we need to first calculate the new variable expenses per unit and the new total fixed expenses.
New Variable Expenses per Unit = 36 x 0.75 = 27
New Total Fixed Expenses = 106,000 x 1.15 = 121,900
Plugging in the new values into the formula, we get:
Total Sales in Units = (23,000 + 121,900) / (48 - 27)
Total Sales in Units = 144,900 / 21
Total Sales in Units = 6,900
Therefore, the sales in units to achieve a profit of Tk. 23,000 is 6,900 units.
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Intensification of competition, especially in the last 30 years, has required different strategies. Discuss the implications of this trend for the design and operation of strategic management accounting
The intensification of competition in the last 30 years has had a significant impact on the design and operation of strategic management accounting.
One of the main implications of this trend is the need for companies to adopt more flexible and adaptive strategies in order to remain competitive in the marketplace.
This has led to the development of new management accounting tools and techniques, such as activity-based costing, balanced scorecard, and strategic cost management, which are designed to help companies make more informed and strategic decisions.
Another implication of the intensification of competition is the need for companies to be more customer-focused in their approach to strategic management accounting. This means that companies must be more aware of the needs and preferences of their customers, and must be able to adapt their strategies accordingly in order to meet these needs.
Overall, the intensification of competition in the last 30 years has had a significant impact on the design and operation of strategic management accounting, and has led to the development of new tools and techniques that are designed to help companies remain competitive in the marketplace.
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Pamela started in business on 1 January 2021. The following is a list of his transactions for her first month oftrading: 01.1.21 | Opened a business bank account with €25,000 obtained from private resources 02.1.21 Paid one month's rent of €2,000 by cheque 03.1.21 Bought goods costing €5,000 on credit from Linda 04.1.21 Purchased motor car from Savoy Motors for €4,000 on credit 05.1.21 Purchased goods costing €3,000 on credit from Sydney 10.1.21 Cash Sales of €6,000 18.1.21 Sold goods on credit to Ann for €8,000 30.1.21 Returned €2,000 of goods to Linda Required Enter the above transactions into Pamela's ledger accounts for January 2021 (T-Accounts) showing the relevant balance carried down (on 31 January 2021) and brought down (on 1 February 2021) on each account.
Pamela's ledger accounts with appropriate balance carried down and brought down on each account is given below.
Pamela's ledger accounts for January 2021 can be entered into T-Accounts as follows:
Bank Account:
| Date | Debit | Credit |
| --- | --- | --- |
| 01.1.21 | €25,000 | |
| 02.1.21 | | €2,000 |
| 10.1.21 | €6,000 | |
| 31.1.21 | | Balance c/d €29,000 |
| 1.2.21 | Balance b/d €29,000 | |
Rent Account:
| Date | Debit | Credit |
| --- | --- | --- |
| 02.1.21 | €2,000 | |
| 31.1.21 | | Balance c/d €2,000 |
| 1.2.21 | Balance b/d €2,000 | |
Linda Account:
| Date | Debit | Credit |
| --- | --- | --- |
| 03.1.21 | | €5,000 |
| 30.1.21 | €2,000 | |
| 31.1.21 | | Balance c/d €3,000 |
| 1.2.21 | Balance b/d €3,000 | |
Savoy Motors Account:
| Date | Debit | Credit |
| --- | --- | --- |
| 04.1.21 | | €4,000 |
| 31.1.21 | | Balance c/d €4,000 |
| 1.2.21 | Balance b/d €4,000 | |
Sydney Account:
| Date | Debit | Credit |
| --- | --- | --- |
| 05.1.21 | | €3,000 |
| 31.1.21 | | Balance c/d €3,000 |
| 1.2.21 | Balance b/d €3,000 | |
Sales Account:
| Date | Debit | Credit |
| --- | --- | --- |
| 10.1.21 | | €6,000 |
| 18.1.21 | | €8,000 |
| 31.1.21 | | Balance c/d €14,000 |
| 1.2.21 | Balance b/d €14,000 | |
Ann Account:
| Date | Debit | Credit |
| --- | --- | --- |
| 18.1.21 | | €8,000 |
| 31.1.21 | | Balance c/d €8,000 |
| 1.2.21 | Balance b/d €8,000 | |
The relevant balance carried down (on 31 January 2021) and brought down (on 1 February 2021) are shown on each account.
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Susan would like to receive $40,000 in the first year of her financial independence at age 60. After this first income payment, she is content with her annual income growing at the rate of inflation. she would like this income to bed paid for 30 years. she expect inflation to be 2% per year and her investments to achieve nominal returns of 8% per year (compounded yearly). assuming that all calculations are to be performed in real terms, how much does she need to save for financial independence (to the nearest dollar)? please do not include dollar signs of commas in your answer
Susan needs to save $550,627.98 for financial independence. Rounding to the nearest dollar, the answer is $550,628.
We can use the formula for the present value of an annuity:
PV = PMT × [(1 - (1 + r)^-n) / r]
Where:
PV = present value
PMT = payment amount
r = interest rate
n = number of periods
Here, the payment amount is $40,000, the interest rate is 8% - 2% = 6% (the difference between the nominal return and the inflation rate), and the number of periods is 30 years.
PV = $40,000 × [(1 - (1 + 0.06)^-30) / 0.06]
PV = $40,000 × [(1 - 0.17411) / 0.06]
PV = $40,000 × 13.7657
PV = $550,627.98
Therefore, Susan needs to save $550,627.98 .
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Lee Chang opened Lee's Window Washing on July 1, 2021. In July, the following transactions were completed: July 1 Invested $29,000 cash in the business. 1 Purchased a used truck for $25,200, paying $5,200 cash and signing a note payable for the balance. 1 Paid $2,800 on a one-year insurance policy, effective July 1. 5 Billed customers $3,900 for cleaning services. 12 Purchased supplies for $2,060 on account. 18 Paid $3,000 for employee salaries. 25 Billed customers $8,900 for cleaning services. 28 Collected $3,300 from customers billed on July 5. 31 Paid $550 for repairs on the truck. 31 Withdrew $2,400 cash for personal use.
Instructions: . a. Journalize and post the following July transaction to the general ledger.
To journalize and post the July transactions to the general ledger, we will use the double-entry accounting system. This means that for each transaction, we will record a debit and a credit entry in the general ledger.
Here are the journal entries for the July transactions:
July 1:
Debit Cash $29,000
Credit Owner's Capital $29,000
(To record the investment of cash in the business)
July 1:
Debit Truck $25,200
Credit Cash $5,200
Credit Notes Payable $20,000
(To record the purchase of a used truck)
July 1:
Debit Prepaid Insurance $2,800
Credit Cash $2,800
(To record the payment of a one-year insurance policy)
July 5:
Debit Accounts Receivable $3,900
Credit Service Revenue $3,900
(To record the billing of customers for cleaning services)
July 12:
Debit Supplies $2,060
Credit Accounts Payable $2,060
(To record the purchase of supplies on account)
July 18:
Debit Salaries Expense $3,000
Credit Cash $3,000
(To record the payment of employee salaries)
July 25:
Debit Accounts Receivable $8,900
Credit Service Revenue $8,900
(To record the billing of customers for cleaning services)
July 28:
Debit Cash $3,300
Credit Accounts Receivable $3,300
(To record the collection of cash from customers billed on July 5)
July 31:
Debit Repairs Expense $550
Credit Cash $550
(To record the payment for repairs on the truck)
July 31:
Debit Owner's Draw $2,400
Credit Cash $2,400
(To record the withdrawal of cash for personal use)
After journalizing the transactions, we will post them to the general ledger. The general ledger is a record of all the accounts used in the business and their balances. Each account has a debit and a credit side, and the transactions are posted to the appropriate side based on the journal entries. After posting all the transactions, the general ledger will show the updated balances of all the accounts.
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ABC Company, which manufactures shoes, hired a recent college graduate to work in its accounting department. On the first day of work, the accountant was assigned to total a batch of invoices with the use of an adding machine. Before long, the accountant, who had never before seen such a machine, managed to break the machine. ABC Corporation gave the machine plus €420 to XYZ Business Machine AG (dealer) in exchange for a new machine. Assume the following information about the machines: Old machine New machine
Machine Cost 290 300 Accumulated deprecation 140 0 Fair value 100 520 Instructions For each company, prepare the necessary journal entry to record the exchange. (The exchange has commercial substance.) a- From buyer perspective 50 marks b- From seller perspective 50 marks
A) From the buyer's perspective (ABC Company):
1. Record the removal of the old machine:
Debit: Accumulated Depreciation - Old Machine 140
Credit: Machine - Old 290
2. Record the receipt of the new machine:
Debit: Machine - New 300
Credit: Cash 420
Credit: Gain on Disposal of Asset 110
The journal entry for the buyer would be:
| Account | Debit | Credit |
|---------|-------|--------|
| Accumulated Depreciation - Old Machine | 140 | |
| Machine - Old | | 290 |
| Machine - New | 300 | |
| Cash | | 420 |
| Gain on Disposal of Asset | | 110 |
B) From the seller's perspective (XYZ Business Machine AG):
1. Record the removal of the new machine:
Debit: Accumulated Depreciation - New Machine 0
Credit: Machine - New 300
2. Record the receipt of the old machine and cash:
Debit: Machine - Old 290
Debit: Cash 420
Credit: Gain on Disposal of Asset 410
The journal entry for the seller would be:
| Account | Debit | Credit |
|---------|-------|--------|
| Accumulated Depreciation - New Machine | 0 | |
| Machine - New | | 300 |
| Machine - Old | 290 | |
| Cash | 420 | |
| Gain on Disposal of Asset | | 410 |
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Some HR workers investigate possible company violations. Why is it important for these workers to reserve judgment and be impartial? Explain in your own words. Then, imagine a situation in which someone may NOT reserve judgment and/or may NOT be impartial. Describe that situation.
To ensure a fair and impartial investigation, HR employees investigating potential company violations must reserve judgment and remain impartial.
Why is it critical for these employees to exercise impartiality and reserve judgment?HR professionals can gather all relevant data, facts, and evidence if they are impartial, and then evaluate it without having any preconceived notions or personal biases. They are able to make sound decisions using this strategy rather than relying on their own irrational thoughts or feelings to make decisions.
A situation in which the HR worker conducting the investigation is personally connected to or has a close relationship with the accused party could indicate that the individual may NOT reserve judgment or be impartial.
In such a scenario, the HR employee may feel compelled to safeguard their friend or coworker, which may result in a biased investigation and a result that does not accurately reflect the situation. The HR department's impartiality and integrity could be questioned in this scenario, which would jeopardize the investigation.
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