Organizational culture is the set of beliefs, values, norms, and practices that shape the way an organization operates and interacts with its stakeholders.
It is often referred to as the "personality" of the organization and can be classified into four main types: clan, adhocracy, market, and hierarchy.
Clan culture is characterized by a strong sense of family and collaboration among employees, with an emphasis on mentoring and nurturing.
Adhocracy culture values creativity, innovation, and risk-taking, with a focus on flexibility and adaptability.
Market culture is competitive and results-oriented, with a focus on achieving goals and maintaining a strong market position.
Hierarchy culture is structured and formal, with clear roles and responsibilities and an emphasis on efficiency and stability.
In my organization, the organizational culture we have is a strong clan culture. There is a sense of camaraderie and support among employees, and we often work together on projects and share ideas.
We also have a mentoring program in place to help new employees learn the ropes and develop their skills. This has helped to create a positive and productive work environment and has contributed to the success of the organization.
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choosing Starbucks Coffee Company as your organisation
Question 2 (30 Marks)
Assess the vision and mission statements of the organisation. Your answer should consider whether they are in line with the goals and objectives that have been put forward by the organisation.
The vision and mission statements of Starbucks Coffee Company are to inspire and nurture the human spirit—one person, one cup, and one neighborhood at a time.
Their mission statement outlines their commitment to excellence in all areas of their business, from the quality of their coffee to the experience of their customers. They strive to create a welcoming and comfortable atmosphere and to provide customers with the highest quality products and services. These statements are in line with the goals and objectives of the organisation, which are to make Starbucks the most recognized and respected brand in the world, to create a sense of community among customers and employees, and to bring people together.
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What variable affecting gross profit should the manager focushis attention? Why?
The variable affecting gross profit that the manager should focus his attention on is the cost of goods sold (COGS).
This is because gross profit is calculated as the difference between the revenue generated from sales and the cost of goods sold. By reducing the cost of goods sold, the manager can increase the gross profit. This can be done by finding cheaper suppliers, negotiating better deals with existing suppliers, reducing waste in the production process, or improving efficiency in the supply chain.
By focusing on the cost of goods sold, the manager can have a significant impact on the gross profit of the business.
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Tom borrowed $7640 for 7 months at an interest rate of 6%. The bank alao charges a $200 processing fee. What is the actual annual simple interest rate for this loan? Consider any fees as part of the total interest.
the actual annual simple interest rate for this loan is 6.11%.
To find the actual annual simple interest rate for the loan, we need to first calculate the interest on the loan and then add the processing fee to get the total interest. Then, we can use the formula for simple interest to find the actual annual interest rate. The formula for simple interest is:
I = P × r × t
Where I is the interest, P is the principal, r is the interest rate, and t is the time in years.
Given:
P = $7640
r = 6% = 0.06
t = 7/12 (since the loan is for 7 months)
First, calculate the interest:
I = P × r × t
I = $7640 × 0.06 × (7/12)
I = $266.80
Now, add the processing fee to get the total interest:
Total interest = I + processing fee
Total interest = $266.80 + $200
Total interest = $466.80
Finally, use the formula for simple interest to find the actual annual interest rate:
Total interest = P × r × t
$466.80 = $7640 × r × 1 (since we want to find the annual interest rate)
r = $466.80 / ($7640 × 1)
r = 0.0611
Therefore, the actual annual simple interest rate for this loan is 6.11%.
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To make 150 telephones, ComTech, Inc. had these manufacturing costs: materials $1,282.29; labor, $1,975.26; factory overhead, $1,234.31. What was the prime cost of making the
telephones? What was the total manufacturing cost of each phone. on average. to the nearest whole cent
Answer:
The prime cost of making the 150 telephones is the total cost of materials and labor, which is $3,257.55. The total manufacturing cost of each phone, on average, is $21.72 to the nearest whole cent. The factory overhead cost of $1,234.31 is spread out over all of the telephones and is not factored into the prime cost
Explanation:
Health Care Law and Legislation-W2
Dear Students, Crime – social harm defined & made punishable by law.
Misdemeanor – offense punishable by less than 1 year in jail and/or a fine.
Felony – imprisonment in a state or federal prison for more than a year.
Questions
Explain what criminal law is, the classification of crimes, and its purpose.
Describe the criminal procedure process from arrest through trial.
Describe several of the more common crimes that occur in the healthcare setting
Criminal law is a body of rules that defines and prohibits certain types of conduct, which are considered to be against the public welfare and punishable by the government. Common crimes that occur in the healthcare setting include fraud, embezzlement, insurance fraud, identity theft, and prescription drug fraud.
Crimes are typically classified as either misdemeanors or felonies. Misdemeanors are offenses punishable by a fine or up to one year in jail, while felonies are offenses that carry more serious penalties such as imprisonment for more than a year. The purpose of criminal law is to protect the public from harm, prevent crime, and to deter individuals from committing criminal acts. The criminal procedure process begins with an arrest and can include a variety of procedures such as pre-trial hearings, a grand jury, plea bargains, and a trial. During the trial, the prosecution and defense will present evidence, witnesses will testify, and the jury will determine guilt or innocence.
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Coolidge's administration was marked by
A. A continuation of the post-World War I economic slump
B. Continued tax breaks for the lower and middle classes at the expense of the upper class.
C. Prosperity.
D. The creation of the Internal Revenue and Tariff Commission, which drastically reformed taxation formulas and duty lists
C. Abundance. The United States went through a time of economic expansion and prosperity dubbed as the "Roaring Twenties" under Coolidge's presidency.
From 1923 to 1929, Calvin Coolidge served as the 30th President of the United States. The "Roaring Twenties," a time of great economic success that characterised his presidency. The nation witnessed a boom in industries, technology, and construction during his presidency, which resulted in the creation of numerous employment and an increase in earnings. Coolidge supported a small-government, free-market system of capitalism that encouraged economic growth. Also, he approved laws that lowered income taxes and promoted stock market investment. His administration, however, also came under fire for neglecting to address issues of inequality as well as challenges in rural and agricultural communities.
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What does it mean to be a ""customer-centric"" organization? Why does market segmentation exist? Is the use of market segmentation strategies by organizations harmful or helpful to consumers and to society? What are some of the most common bases used for market segmentation? What criteria for selecting segments should be used by an organization in deciding which segments to target? (Write at least 400 words)
A customer-centric organization is one that is focused on providing value to its customers. It is an organization that puts the customer first and strives to meet their needs in the best possible way. This is done by understanding their customers, understanding their needs and preferences, and then delivering products and services that are tailored to meet those needs.
Market segmentation is a way for organizations to understand their customers better and tailor their marketing and products to meet their needs. It involves dividing a larger market into smaller groups of customers who have similar needs and preferences. The use of market segmentation strategies can be both helpful and harmful to consumers and society. It can be helpful in that it allows companies to provide products and services that are tailored to specific customers.
The most common bases used for market segmentation are demographics (age, gender, race, income level, etc.), psychographics (lifestyle, values, interests, etc.), and behaviors (usage, loyalty, purchase frequency, etc.). Other bases that can be used include geography, media usage, and product usage.
When selecting segments to target, an organization should consider factors such as the size of the segment, the profitability of the segment, and the accessibility of the segment. Additionally, an organization should consider how well their products and services meet the needs of the target segments and how the organization’s message will resonate with those segments.
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1. Beth and Elsa are planning to rent a spot for 3 days in a bazaar to sell the medicinal concoctions they made for P349.75 each. The rent and other expenses for the 3-day bazaar amounted to 6,300.00. If the cost to make each medicinal concoction is 199.75, calculate for the number of items that they must be able to sell in order to achieve break-even. Then compute for the break-even amount.
2. Aya spends 64,200.00 to order various merchandise online. The shipping fee is 10% of the total cost of what Aya ordered. If she wants to have a 40% markup based on cost, how much should be the selling price for all of her merchandise?
Explanation:
To calculate the number of items that Beth and Elsa need to sell to break even, we need to first calculate their total costs.
Total cost = Rent + Other expenses + Cost to make each medicinal concoction
Total cost = 6,300.00 + (199.75 x number of items)
Since they plan to sell the medicinal concoctions for P349.75 each, their revenue for each item sold would be P349.75.
To break even, their revenue should be equal to their total cost.
Revenue = P349.75 x number of items
Revenue = Total cost
P349.75 x number of items = 6,300.00 + (199.75 x number of items)
149.00 x number of items = 6,300.00
Number of items = 42.28 (rounded up to 43)
Therefore, Beth and Elsa need to sell at least 43 items to break even.
To calculate the break-even amount, we simply multiply the number of items they need to sell by the selling price of each item:
Break-even amount = P349.75 x 43 = P15,007.25
Aya's total cost for ordering various merchandise online is P64,200.00. The shipping fee is 10% of this total cost, which is:
Shipping fee = 10% x P64,200.00 = P6,420.00
Aya's total cost, including the shipping fee, is:
Total cost = P64,200.00 + P6,420.00 = P70,620.00
To have a 40% markup based on cost, we need to add 40% of the total cost to the original total cost:
Selling price = Total cost + 40% of total cost
Selling price = P70,620.00 + (40% x P70,620.00)
Selling price = P70,620.00 + P28,248.00
Selling price = P98,868.00
Therefore, Aya should sell all of her merchandise for P98,868.00 to have a 40% markup based on cost.
1. Beth and Elsa must be able to sell 42 items in order to achieve break-even. The break-even amount is 14,689.50.
2. The selling price for all of Aya's merchandise should be 98,868.00.
1. To calculate the break-even point, we need to find the number of items that must be sold to cover the total cost of the bazaar and the cost to make each medicinal concoction. The formula for break-even point is:
Break-even point = Total fixed cost / (Selling price - Variable cost)
Total fixed cost = 6,300.00
Selling price = 349.75
Variable cost = 199.75
Break-even point = 6,300.00 / (349.75 - 199.75)
Break-even point = 6,300.00 / 150.00
Break-even point = 42 items
Therefore, Beth and Elsa must be able to sell 42 items in order to achieve break-even.
To compute for the break-even amount, we simply multiply the break-even point by the selling price:
Break-even amount = Break-even point x Selling price
Break-even amount = 42 x 349.75
Break-even amount = 14,689.50
Therefore, the break-even amount is 14,689.50.
2. To calculate the selling price for all of Aya's merchandise, we need to find the total cost including the shipping fee and then add the 40% markup. The formula for selling price is:
Selling price = Total cost + (Total cost x Markup)
Total cost = 64,200.00 + (64,200.00 x 0.10)
Total cost = 64,200.00 + 6,420.00
Total cost = 70,620.00
Selling price = 70,620.00 + (70,620.00 x 0.40)
Selling price = 70,620.00 + 28,248.00
Selling price = 98,868.00
Therefore, the selling price for all of Aya's merchandise should be 98,868.00.
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The following transactions pertain to Rizzo Corporation: a. January 1: Issued 10,000 shares of common stock for $50,000. b. January 1: Acquired a building costing $35,000, paying $5,000 in cash and borrowing the remainder from a bank. c. During the year: Acquired inventory costing $40,000 on account from various suppliers. d. During the year: Sold inventory costing $30,000 for $65,000 on account. e. During the year: Paid employees $15,000 as compensation for services rendered during the year. f. During the year: Collected $45,000 from customers related to sales on account. g. During the year: Paid merchandise suppliers $28,000 related to purchases on account. h. December 31: Recognized depreciation on the building of $7,000 for financial reporting. Depreciation expense for income tax purposes was $10,000. i. December 31: Recognized compensation for services rendered during the last week in December but not paid by year-end of $4,000. j. December 31: Recognized and paid interest on the bank loan in Part b of $2,400 for the year. k. Recognized income taxes on the net effect of the preceding transactions at an income tax rate of 40%. Assume that the firm pays cash immediately for any taxes currently due to the government. Required: Using the analytical framework, indicate the effect of the above listed transactions of Rizzo Corporation
The following transactions pertain to Rizzo Corporation:
Explanation:
a. January 1: Issued 10,000 shares of common stock for $50,000 - This transaction would increase assets (Cash) and stockholders' equity (Common Stock).
b. January 1: Acquired a building costing $35,000, paying $5,000 in cash and borrowing the remainder from a bank. - This transaction would increase assets (Buildings and Cash) and liabilities (Notes Payable).
c. During the year: Acquired inventory costing $40,000 on account from various suppliers. - This transaction would increase assets (Inventory) and liabilities (Accounts Payable).
d. During the year: Sold inventory costing $30,000 for $65,000 on account. - This would increase assets (Accounts Receivable) and stockholders' equity (Retained Earnings).
e. During the year: Paid employees $15,000 as compensation for services rendered during the year. - This transaction would increase expenses (Wages Expense) and decrease assets (Cash).
f. During the year: Collected $45,000 from customers related to sales on account. - This transaction would increase assets (Cash) and decrease liabilities (Accounts Receivable).
g. During the year: Paid merchandise suppliers $28,000 related to purchases on account. - This transaction would decrease assets (Cash) and decrease liabilities (Accounts Payable).
h. December 31: Recognized depreciation on the building of $7,000 for financial reporting. Depreciation expense for income tax purposes was $10,000. - This transaction would increase expenses (Depreciation Expense) and decrease stockholders' equity (Retained Earnings).
i. December 31: Recognized compensation for services rendered during the last week in December but not paid by year-end of $4,000. - This transaction would increase expenses (Wages Expense) and decrease stockholders' equity (Retained Earnings).
j. December 31: Recognized and paid interest on the bank loan in Part b of $2,400 for the year. - This transaction would increase expenses (Interest Expense) and decrease assets (Cash).
k. Recognized income taxes on the net effect of the preceding transactions at an income tax rate of 40%. Assume that the firm pays cash immediately for any taxes currently due to the government. - This transaction would increase expenses (Income Tax Expense) and decrease assets (Cash).
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MKTG 6900-01 Marketing Strategy1. What actions do you recommend Netflix to increase its customer lifetime value?2. How can Netflix improve its prospect lifetime value?
3. What is Netflix’s biggest competitive vulnerability?
1. One action that Netflix can take to increase its customer lifetime value is to focus on personalization and recommendation algorithms.
2. To improve its prospect lifetime value, Netflix can focus on targeted marketing efforts to reach potential customers who are most likely to be interested in its services.
3. One of Netflix's biggest competitive vulnerabilities is the increasing competition in the streaming market, with companies like Amazon, Disney, and Apple all offering their own streaming services.
1. This can help to increase customer satisfaction and engagement, leading to longer-term subscriptions and higher customer lifetime value. Additionally, Netflix can focus on creating original content that appeals to its target demographic, as well as providing exclusive access to popular TV shows and movies that can't be found on other platforms.
2. This can include targeted advertising on social media platforms, as well as partnerships with influencers and other companies to reach new audiences. Additionally, Netflix can offer free trials or other promotions to encourage prospects to try its services and potentially convert into paying customers.
3.This competition can lead to a loss of market share and a decrease in customer lifetime value. To mitigate this risk, Netflix can focus on differentiating its services through original content, exclusive access to popular TV shows and movies, and personalized recommendations.
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What are six drivers for improvement to plans, including the
risk management plans, in an organisation?
The six drivers for improvement to plans, including the risk management plans, in an organization are as follows:
Customer satisfaction, Regulatory compliance, Cost reduction, Innovation, Risk management, Continuous improvement.
Customer satisfaction: Organizations need to ensure that their plans are in line with customer needs and requirements, and that they are able to deliver quality products or services to their customers.
Regulatory compliance: Organizations need to ensure that their plans are in compliance with relevant laws and regulations, and that they are able to meet their legal obligations.
Cost reduction: Organizations need to ensure that their plans are able to reduce costs and improve efficiency, in order to increase profitability.
Innovation: Organizations need to ensure that their plans are able to foster innovation and creativity, in order to stay competitive in the marketplace.
Risk management: Organizations need to ensure that their plans are able to identify and mitigate potential risks, in order to prevent potential losses.
Continuous improvement: Organizations need to ensure that their plans are able to drive continuous improvement, in order to improve performance and achieve their goals.
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What is benchmarking, and how are ratios used in the development of strategies?What hard evidence can you cite that indicates a company’s strategy is working fairly well (or perhaps not working so well, if your company’s performance is lagging that of rival companies)?How is benchmarking useful in these situations?
Benchmarking is the process of comparing a company's performance, processes, and practices against those of other companies in the same industry or against industry best practices. This can help identify areas for improvement and develop strategies for achieving competitive advantage.
Ratios are used in the development of strategies by providing insight into a company's financial health and performance. For example, a company may use profitability ratios to assess how well it is generating profits, or liquidity ratios to determine its ability to meet short-term obligations. These ratios can be compared against industry benchmarks to identify areas for improvement and develop strategies for achieving competitive advantage.
One way to assess the effectiveness of a company's strategy is to compare its financial performance against that of its competitors. This can be done using financial ratios, such as return on assets, return on equity, and profit margin. If a company's ratios are significantly lower than those of its competitors, this may indicate that its strategy is not working as well as it could be.
Benchmarking is useful in these situations because it provides an objective standard against which a company can measure its performance. By comparing its performance against industry benchmarks, a company can identify areas for improvement and develop strategies for achieving competitive advantage. This can help the company stay competitive and achieve its business goals.
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What are some economic choices that Teasha had to make? List 5 economic choices
Answer:
scarcity, supply and demand, marginal costs, marginal benefits, and incentives.
Explanation:
Can you please help me with the question i just posted? its for 100 points!
i just really need help!
Problem 3 65 marks) You have been given the financial statements for Low Risk Inc. You have been asked to determine the free cash flow (FCF) for 2014. Income Statement 2013 2014 Sales 80,000 120,000 Cost of Goods Sold 32,000 48,000 Gross Margin 48,000 72,000 Selling Expense 8,000 12,000 EBITDA 40,000 60,000 Depreciation 4,000 6,000
EBIT 36.000 54,000 interest 200 Earnings before taxes 35,850 53,800 taxes 14,340 21,520 Net Income 21,510 32,280
The free cash flow for Low Risk Inc. in 2014 is $14,480.
To determine Free Cash Flow (FCF) for 2014, you should use financial reports provided by Low Risk Inc. FCF is calculated as:
FCF = EBIT - Taxes + Depreciation - Change in Net Working Capital - Capital ExpendituresYou can use information from your financial statements to populate the values for each variable.
EBIT = $54,000Tax = $21,520Depreciation = $6,000Change in net working capital:
($120,000 - $80,000) - ($48,000 - $32,000)= $40,000 - $16,000
= $24,000
Capital expenditure:
$0 (not disclosed in financial statements)Substituting these values into the formula gives:
FCF = $54,000 - $21,520 + $6,000 - $24,000 - $0= $14,480
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Bindra had 200,000 shares (Par $10 outstanding at the beginning of 2020. During 2020, A cash dividend of $0.50 per share was declared and paid, and 5% share dividend was declared and distributed when the market price per share was 15 per share. Journalize the dividend transactions. (4%)
The dividend transaction Retained Earnings wil be $50,000
During 2020, a cash dividend of $0.50 per share was declared and paid, and a 5% share dividend was declared and distributed when the market price per share was $15.
Given that 200,000 shares (Par $10) outstanding at the beginning of 2020.
The journal entries to record the dividends are as follows:
Cash Dividend
Dr. Dividends Expense - 200,000 x $0.50 = $100,000
Cr. Cash - $100,000
Share Dividend
Dr. Additional Paid-in Capital - 200,000 x ($15-$10) = $50,000
Cr. Retained Earnings - 200,000 x ($15-$10) = $50,000
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Sam and carlie, a married couple who will file jointly, are both teachers. In 2021, sam had receipts totaling $330 in unreimbursed, qualifying expenses for his classroom. Carlie also had unreimbursed expenses for covid-19 protective items, such as face masks and hand sanitizer, that she purchased during the year in an attempt to stop the spread of covid-19 in her classroom. Her receipts totaled $295. What is the maximum amount of educator expenses the couple may deduct on their joint return?
WASHINGTON (AP) – Qualified instructors can deduct unreimbursed COVID-19 protective equipment purchased to prevent the spread of COVID-19 in the classroom.
What are the objectives of instructors?
Teachers are responsible for creating and maintaining a civil, productive, inclusive, and engaging learning environment. Both teachers and students must approach the educational setting with decency and respect. A teacher is a form of educator. An instructor can be anyone, although it generally refers to someone who teaches hands-on skills, such as a water-skiing teacher or the knitting class instructor at the community center. "Instruction or teaching is more technical, like a specific skill set," he explains. "Coaching, on the other hand, involves overseeing a player's complete growth rather than simply a tiny element of it."
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1) A company's current rutio is 13. If the company uses cash to retire notes payable due within one year, would this transaction increase or decrease the current ratio and return on annet ratio? *) Cu
A company's current ratio is 13. If the company uses cash to retire notes payable due within one year the transaction would increase the current ratio and decrease the return on asset ratio.
The current ratio is calculated as current assets divided by current liabilities. By using cash to retire notes payable due within one year, the company is decreasing its current liabilities, which would increase the current ratio. However, the return on asset ratio is calculated as net income divided by total assets. By using cash to retire notes payable, the company is decreasing its total assets, which would decrease the return on asset ratio.
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What were some of the e-business innovations using Web technologies that were introduced by Amazon.com, Netflix.com, Dell.com, and Landsend.com? Explain
The e-business innovations using Web technologies that were introduced by Amazon.com, Netflix.com, Dell.com, and Landsend.com
Amazon.com - one click Netflix.com - Subscriptions based services.Dell.com - personalizing computers.Landsend.com - virtual fitting roomsSome of the e-business innovations using Web technologies that were introduced by Amazon.com, Netflix.com, Dell.com, and Landsend.com are:
1. Amazon.com: Amazon introduced the "one-click" purchase option, which allows customers to quickly and easily make a purchase without having to re-enter their payment and shipping information each time. They also introduced customer reviews and recommendations, which allows customers to share their experiences and opinions about products with other potential buyers.
2. Netflix.com: Netflix revolutionized the way people consume media by introducing the concept of streaming movies and TV shows online. They also introduced the idea of a subscription-based service, where customers pay a monthly fee to access unlimited content.
3. Dell.com: Dell introduced the idea of customizing and personalizing computers online. Customers can choose the specifications they want for their computer, and it will be built to order and shipped directly to them.
4. Landsend.com: Lands' End introduced the concept of virtual fitting rooms, where customers can "try on" clothes online using their own measurements and see how they would look in different sizes and styles.
These innovations have greatly improved the customer experience and have had a significant impact on the way people shop online.
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4. Identify three factors that can lead to conflict in a hospitality environment
Conflicts in hospitality environments can arise due to various factors, but some common factors include communication breakdowns, personality clashes, and workload imbalances.
Poor communication can lead to misunderstandings between staff members and with customers, which can result in conflicts. Personality clashes can arise when different personalities or work styles do not mesh well together, leading to friction and tension among employees. Workload imbalances can lead to feelings of resentment and unfairness, especially if some employees feel like they are doing more work than others without proper recognition or compensation.
Hospitality environments require effective communication, collaboration, and a positive work culture to prevent and address conflicts in a timely and respectful manner.
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During the first two months of operations, i.e. January and February 2020, Hamzah Inc. produced 6163 and 9711 units of products respectively. Maintenance costs in those two months were $110785, $178810 respectively. The manager, Umar, initially considered maintenance to be a fixed cost, but by the end of the second month of operations, he realized that maintenance cost is probably a mixed cost. He is expecting production and sales to increase to 17153 in the month of March and as such wants a better prediction of maintenance cost.
(a) Using the high-low method, the estimated variable maintenance cost per unit is $ ? unanswered
(b) Using the high-low method, the estimated total fixed maintenance cost is $? unanswered
(c) Using the answers from (a) and (b), the best estimate of maintenance cost for the month of March is $?
The high-low method is a technique used to estimate fixed and variable costs Total cost = $321,315.14. It requires analyzing the highest and lowest levels of activity and the associated costs ,Total cost = $321,315.14
The highest level of activity is in February with 9711 units produced and the lowest level of activity is in January with 6163 units produced.
(a) To calculate the estimated variable maintenance cost per unit, we use the formula:
Variable cost per unit = (Highest cost - Lowest cost) / (Highest activity level - Lowest activity level)
Variable cost per unit = ($178,810 - $110,785) / (9711 - 6163)
Variable cost per unit = $68,025 / 3548
Variable cost per unit = $19.17
(b) To calculate the estimated total fixed maintenance cost, we use the formula:
Total fixed cost = Highest cost - (Variable cost per unit x Highest activity level)
Total fixed cost = $178,810 - ($19.17 x 9711)
Total fixed cost = $178,810 - $186,275.87
Total fixed cost = -$7,465.87
(c) To estimate the maintenance cost for the month of March, we use the formula:
Total cost = Total fixed cost + (Variable cost per unit x Activity level)
Total cost = -$7,465.87 + ($19.17 x 17153)
Total cost = -$7,465.87 + $328,781.01
Total cost = $321,315.14
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You have an outstanding student loan with required payments of $600 per month for the next four years. The interest rate on the loan is 8% APR ( compounded monthly). Now that you realize your best investment is to prepay your student loan, you decide to prepay as much as you can each month. Looking at your budget, you can afford to pay an extra $150 a month in addition to your required monthly payments of $600, or $750 in total each month. How long will it take you to pay off the loan? (Note: Be careful not to round any intermediate steps less than six decimal places.) 12. The number of months to pay off the loan is (Round to two decimal places.)
It will take 35.35 months to pay off the loan.
First, we need to calculate the monthly interest rate, which is the annual percentage rate (APR) divided by 12. So, 8% APR divided by 12 months is 0.0066667.
We can use the formula for the present value of an annuity to calculate the required monthly payment for the loan.
PV = PMT x ((1 - (1 + r)^-n) / r), where PV is the present value, PMT is the monthly payment, r is the monthly interest rate, and n is the total number of months.
Solving for PMT, we get PMT = PV / ((1 - (1 + r)^-n) / r).
where PV is the amount of the loan, which we don't know yet.
PMT is $600, r is 0.0066667, and n is 48 (4 years x 12 months).
Solving for PV, we get PV = PMT x ((1 - (1 + r)^-n) / r) = $26,372.20.
Next, we can calculate the monthly payment required to pay off the loan in 35.35 months by using the same formula and plugging in the new values. PMT is now $750 ($600 required payment + $150 extra payment), r is still 0.0066667, and n is what we want to find. Solving for n, we get n = -log(1 - (PV x r) / PMT) / log(1 + r) = 35.35.
Therefore, it will take 35.35 months, or about 2 years and 11 months, to pay off the loan with the extra payment of $150 per month.
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1. Do you believe the statement "Conflict is Inevitable? Why or
Why not?
2. Identify several consequences that might result from conflict
in the workplace.
3. List two conflict from the news, your w
1. Whether or not conflict is inevitable is a matter of opinion. Some people believe that conflict is a natural part of human relationships and that it is impossible to completely avoid it. Others believe that with proper communication and conflict resolution skills, conflicts can be avoided or resolved before they become major issues.
Personally, I believe that while conflict may be inevitable in some situations, it is possible to prevent or mitigate it with effective communication and conflict resolution skills.
2. Several consequences that might result from conflict in the workplace include decreased productivity, damaged relationships, and a toxic work environment. Conflict can cause employees to become disengaged and less motivated to do their best work. It can also lead to strained relationships between coworkers, which can make it difficult to collaborate and work effectively as a team.
In extreme cases, conflict in the workplace can create a toxic work environment that is characterized by hostility, negativity, and distrust.
3. Two conflicts from the news that come to mind are the ongoing trade war between the United States and China and the conflict between North Korea and South Korea. The trade war between the US and China has resulted in tariffs being placed on goods from both countries, which has had a negative impact on the economies of both countries.
The conflict between North Korea and South Korea has been ongoing for decades and has resulted in tensions and occasional military clashes between the two countries.
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It is assumed that a company should make investment and financing decisions with the main objective of maximising shareholder wealth. Which ONE of the following statements BEST describes this objective?
a. Maximising the flow of discounted cash flow to shareholders over a long-term horizon.
b. Ensuring the company's share price increases over a short-term horizon.
c. Maximising profits of the company over a long-term horizon.
d. Pursuit of a high market share for the company.
Maximising the flow of discounted cash flow to shareholders over a long-term horizon. The correct answer is option A
The main objective of a company is to maximise shareholder wealth, which means increasing the value of the company's shares and the amount of dividends paid to shareholders. This can be achieved by maximising the flow of discounted cash flow to shareholders over a long-term horizon. The correct answer is option A
Discounted cash flow (DCF) is a method used to determine the present value of a company's future cash flows. By maximising DCF, the company can increase its value and ultimately maximise shareholder wealth.
Option B, ensuring the company's share price increases over a short-term horizon, is not the best description of the objective as it only focuses on the short-term and does not consider the long-term sustainability of the company.
Option C, maximising the company's profits over a long-term horizon, is also not the best description as it only focuses on profits and does not consider the value of the company's shares and dividends paid to shareholders.
Option D, pursuit of a high market share for the company, is also not the best description as it only focuses on market share and does not take into account the value of the company's shares and dividends paid to shareholders.
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Your firm practices a strict residual dividend policy and maintains a capital structure of 25% debt and 75% equity. Net earnings for the year are $3 million.
a) What is the maximum amount of capital spending possible without new equity?
b) If planned investment outlays for the coming year are $3.6 million, will your firm be paying a dividend, and if so, how much will it be paying?
c) Based on planned investment outlays of $3.6 million, what are your firm's retention and dividend payout ratios?
d) If your firm's next annual dividend payment is expected to be $0.25 and your firm's current share price is $7.00, what is the dividend yield (correct to two decimal places)?
Your firm practices a strict residual dividend policy and maintains a capital structure of 25% debt and 75% equity. Net earnings for the year are $3 million.
a) The maximum amount of capital spending possible without new equity can be calculated by multiplying the net earnings by the percentage of equity in the capital structure. This gives us $3 million * 0.75 = $2.25 million. This means that the firm can spend up to $2.25 million on capital expenditures without raising new equity.
b) If planned investment outlays for the coming year are $3.6 million, the firm will need to raise additional funds to cover the difference between the maximum amount of capital spending without new equity ($2.25 million) and the planned investment outlays ($3.6 million). This difference is $3.6 million - $2.25 million = $1.35 million. Since the firm practices a strict residual dividend policy, it will not be paying a dividend.
c) Based on planned investment outlays of $3.6 million, the firm's retention ratio can be calculated by dividing the planned investment outlays by the net earnings. This gives us $3.6 million / $3 million = 1.2. The dividend payout ratio can be calculated by subtracting the retention ratio from 1. This gives us 1 - 1.2 = -0.2. This means that the firm is not paying a dividend and is instead retaining all of its earnings to fund the planned investment outlays.
d) If the firm's next annual dividend payment is expected to be $0.25 and the current share price is $7.00, the dividend yield can be calculated by dividing the annual dividend payment by the current share price. This gives us $0.25 / $7.00 = 0.0357. To express this as a percentage, we multiply by 100 and round to two decimal places. This gives us a dividend yield of 3.57%.
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Cincinnati Super Subs is one of the larger Super Subs outlets, a chain of 300 take-away restaurants in Indiana, Ohio and Michigan. This outlet has a restaurant manager, an assistant manager, and several part-time team leaders. The restaurant manager rarely has time to serve customers and frontline work by managers is discouraged by the head office. The assistant manager serves customers for a couple of hours during the busy lunch-time but otherwise assists the restaurant manager with purchasing, accounts, hiring and other operations. Most team leaders are college students and serve customers alongside other employees, particularly from late afternoon to night closing. Most employees are also students who work part-time, a few are in high school. All regular staff earn minimum pay rates.
Cincinnati Super Subs has experienced below-average profitability over the past 18 months, which has reduced the monthly bonus paid to the restaurant manager and assistant manager. This bonus is calculated by percentage of "wastage" (unsold, damaged or unaccounted for food and drinks) relative to sales; the lower the percentage of wastage, the higher the bonus. Wastage occurs when employees drop or spill food, cut up more toppings than are sold, burn heated subs, prepare an order incorrectly and eat or give away food without permission. When employees make mistake, the expense is supposed to come out of their pay-check. Unauthorized eating and giving away food are ground s for immediate dismissal. However, team leaders are reluctant to report any accidental or deliberate wastage, even when confronted by the restaurant manager about the store’s high wastage over the previous week and month. One team leader who reported several accidental wastage incidents eventually quit after being snubbed by coworkers who attended the same college classes.
Cincinnati Super Subs gives employees a food allowance if they work continuously for a least four and one half hours. Staff complain that the allowance is meagre and that they are often ineligible for the food allowance because many shifts are only three or four hours. Employees who work these shorter shifts sometimes help themselves to food and drinks
when the managers aren’t around, claiming that their hard work justifies the free meal. Some also claim the food is a low company expense and makes up for their small paycheck, relative to what many of their friends earn elsewhere. Several (but not most) employees give some of their friends generous helpings as well as occasional free soft drinks and chips. Employees say handing out free food to friends makes them more popular with their peers.
Five month ago, the Cincinnati restaurant’s wastage (mainly deliberate wastage) had risen to the point where the two managers no longer received a bonus. The restaurant managers reacted by giving the food allowance only to those who work for six or more hours in a single shift. This action excluded even more staff from receiving the food allowance, but it did not discourage employees from eating or giving away food. However, almost 20 percent of the experienced college staff left for other jobs over the following two months. Many of those who stayed discouraged friends from considering jobs at Super Subs. Morale declined, which dampened the fun atmosphere that had been experienced to some extent in past times. Relations between employees and managers soured further.
With relatively low unemployment, the restaurant manager found it difficult to hire replacement, particularly manager found it difficult to hire replacement, particularly people with previous work experience of any kind. Temporary staff shortages required the two managers to spend more time working in food preparation and training the new staff. Their increased presence in the restaurant significantly reduced deliberate wastage, but accidental wastage increased somewhat as the greater number of inexperienced staff made more mistakes.
After three months, Cincinnati Super Subs’ manager and assistant manager were confident that the situation had improved, so they spent less time training staff and serving customers. Indeed, they received a moderate bonus after the third month in the store. However, wastage increased again soon after the managers withdrew from daily operations. The experienced employees started eating more food and the new staff soon joined this practice. Exasperated, the restaurant manager took bolder steps. He completely removed the food allowance and threatened to fire any employee caught consuming of giving away food.Wastage dropped somewhat over the next month but is now creeping upward again,
(Source: McShane, S. L and Von Glinow, M. A. (2018). Organizational Behaviour, McGraw-Hill).
Questions
2) What are the main causes of these symptoms?
The main symptoms of the problems at Cincinnati Super Subs are below-average profitability, high wastage, low morale, and high employee turnover. These symptoms are caused by several factors, including Poor management practices, Inadequate compensation,Lack of accountability,Poor employee relations.
1) Poor management practices: The restaurant manager and assistant manager rarely have time to serve customers and frontline work by managers is discouraged by the head office. This means that they are not able to closely monitor employee behavior and prevent wastage.
2) Inadequate compensation: All regular staff earn minimum pay rates and the food allowance is meager and often ineligible for employees working shorter shifts. This leads to employees feeling undervalued and more likely to engage in wastage behavior as a way to compensate for their low pay.
3) Lack of accountability: Team leaders are reluctant to report any accidental or deliberate wastage, even when confronted by the restaurant manager about the store’s high wastage. This lack of accountability allows wastage to continue unchecked.
4) Poor employee relations: The restaurant manager and assistant manager have taken a heavy-handed approach to dealing with wastage, including removing the food allowance and threatening to fire employees. This has led to low morale and high employee turnover, which in turn has led to increased wastage due to inexperienced staff making more mistakes.
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What factors contributed to the steady rise and expansion ofthe Ottoman Turks during 1300-1600 CE? Explain, with examples.
There were several factors that contributed to the steady rise and expansion of the Ottoman Turks during 1300-1600 CE. These include military strength, strategic location, economic prosperity, and effective leadership.
1) Military strength: The Ottoman Turks had a strong and well-organized army, which allowed them to conquer and expand their territory. They also made use of new technologies, such as gunpowder, which gave them an advantage over their enemies. For example, they used cannons to conquer Constantinople in 1453.
2) Strategic location: The Ottoman Empire was strategically located at the crossroads of Europe, Asia, and Africa. This allowed them to control important trade routes and expand their influence.
3) Economic prosperity: The Ottoman Empire had a thriving economy, which allowed them to fund their military campaigns and expand their territory. They controlled important trade routes, which brought them wealth and allowed them to dominate the region.
4) Effective leadership: The Ottoman Empire had strong and effective leaders, such as Suleiman the Magnificent, who were able to expand the empire and maintain control over their territories. Suleiman, for example, was able to conquer parts of Europe and expand the Ottoman Empire to its greatest extent.
Overall, the combination of these factors allowed the Ottoman Turks to rise and expand during the 1300-1600 CE period.
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1 Mansour, a manager, led his team by telling members what to do, rather than allowing members to develop consensus and make their own decisions. This obstacle to teamwork is known as Faure to delegate authority by Unwillingness to cooperate c) Lack of managerial support d) Pulling rank 4 2 Several major car manufacturers have announced plans to increase production of SUVs and trucks, and to discontinue several models of cars. Their decision was most likely in response to a change in what external factor? a) Political b) Sociocultural cl. Legal d) Environmental 3 What are the two ends of the continuum of economic systems? a) Trade deficit: Trade surplus b) CommunPure Capitalism c) Small GDP; Large GOP d) Goods-oriented: 4. Service-oriented is the selling of domestic products to foreign customers a) Exporting b) Acquiring c) Importing d) Shelving 5 The purchase of one corporation by another is referred to as a a) Partnership b) Cooperative c) Hostile takeover d) Merger
1). The obstacle to teamwork presented by Mansur is known as...
d. Pull Rank. This is when a manager uses authority to direct decisions and actions to her members of the team, rather than allowing them to contribute and make decisions as a group.2). The decision by a major automaker to ramp up production of his SUVs and trucks and phase out some models was probably...
b. A response to changing socio-cultural factors. These factors include changes in consumer tastes and trends, which may affect demand for certain types of products.3). The ends of the economic system continuum are..
b. Communism and pure capitalism. Communism is an economic system in which the government controls all aspects of the economy, while pure capitalism is an economic system in which individuals and corporations control all aspects of the economy.4). Selling domestic products to foreign customers is called...
a. Export. This is the case if the company sells its products or services to customers in other countries.5). The acquisition of one company by another company is called a....
d. Merger. This is usually when two companies merge and he becomes one entity, with the goal of increasing market share or expanding into new markets.The economic system continuum is a way of categorizing different types of economic systems based on their degree of government intervention and private ownership. At one end of the continuum, there is a purely capitalist system, where private ownership and the free market drive economic activity. At the other end, there is a purely socialist system, where government ownership and control over resources and production dominate.
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a) Training and development is an important aspect and managers need to address performance gaps and culture fit in the organisation.Discuss the aspects that DaimlerChrysler and AOL need to consider when moving towards becoming strategically aligned in the merge. (15)
When DaimlerChrysler and AOL merge, they will need to consider several aspects in order to move towards becoming strategically aligned. They are Cultural fit, Strategic alignment, Organizational structure.
When DaimlerChrysler and AOL merge, they will need to consider several aspects in order to move towards becoming strategically aligned. These include:
Employee training and development: Both organizations will need to make sure that employees are properly trained and have the necessary development opportunities to excel in their roles and adapt to the new merged entity. They will also need to identify any performance gaps that exist and find ways to fill them.
Cultural fit: It is important to ensure that the new merged entity has a culture that is conducive to success. Both organizations will need to assess their current culture and ensure that there is synergy between the two.
Organizational structure: The organizational structure should be reviewed to determine if it is still suitable for the new merged entity. Changes may need to be made in order to maximize efficiency and effectiveness.
Strategic alignment: The merged entity should have a clear strategy that is aligned with its goals and objectives. This should be communicated to all employees to ensure that everyone is working towards the same goal.
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Self-regulation can lead to financial crises and corporate
scandals’ – Use theories and examples discussed in class to what
assess to what extent is this statement true
Yes, self-regulation can lead to financial crises and corporate scandals.
For example, according to the efficient market hypothesis (EMH), self-regulation in financial markets can create instability as investors' confidence and irrational optimism can lead to asset bubbles, overvaluation and ultimately financial crises.
Similarly, the principal-agent problem, which occurs when an individual or organization is acting on behalf of another, can lead to conflicts of interests, creating misaligned incentives between agents and principals that can lead to corporate scandals.
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question 4
If you deposit money today in an account that pays 3% annual interest, how long will it take to double your money? Round your answer to two decimal places.
question 5
You have $25,387.31 in a brokerage account, and you plan to deposit an additional $6,000 at the end of every future year until your account totals $290,000. You expect to earn 11% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number.
question 6
What's the future value of a 5%, 5-year ordinary annuity that pays $300 each year? If this was an annuity due, what would its future value be? Do not round intermediate calculations. Round your answers to the nearest cent.
Future Value of an Ordinary Annuity: $
Future Value of an Annuity Due: $
It will take approximately 24 years to double your money at a 3% annual interest rate, it will take approximately 17 years to reach your goal of $290,000 and the future value of the annuity due is $1,736.36.
Answer 4: To find out how long it will take to double your money at a 3% annual interest rate, you can use the Rule of 72. The Rule of 72 is a simple formula that estimates how long it will take for an investment to double in value at a given interest rate.
The formula is:
72 / Interest Rate = Number of Years to Double
In this case, the interest rate is 3%, so the formula would be:
72 / 3 = 24
So it will take approximately 24 years to double your money at a 3% annual interest rate.
Answer 5: To find out how many years it will take to reach your goal of $290,000, you can use the Future Value of an Annuity formula. The formula is:
[tex]FV = P * [(1 + r)^n - 1] / r[/tex]
Where FV is the future value, P is the payment, r is the interest rate, and n is the number of periods.
In this case, the payment is $6,000, the interest rate is 11%, and the future value is $290,000. You can plug these values into the formula and solve for n:
[tex]290,000 = 6,000 * [(1 + 0.11)^n - 1] / 0.11[/tex]
[tex]290,000 / 6,000 = (1.11^n - 1) / 0.11[/tex]
[tex]48.333 = 1.11^n - 1[/tex]
[tex]49.333 = 1.11^n[/tex]
[tex]n = log(49.333) / log(1.11)[/tex]
n = 17.29
So it will take approximately 17 years to reach your goal of $290,000.
Answer 6: To find the future value of a 5%, 5-year ordinary annuity that pays $300 each year, you can use the Future Value of an Annuity formula:
[tex]FV = P * [(1 + r)^n - 1] / r[/tex]
In this case, the payment is $300, the interest rate is 5%, and the number of periods is 5. You can plug these values into the formula and solve for FV:
[tex]FV = 300 * [(1 + 0.05)^5 - 1] / 0.05FV = 300 * [(1.27628 - 1) / 0.05FV = 300 * 5.512[/tex]
FV = $1,653.68
So the future value of the ordinary annuity is $1,653.68.
To find the future value of an annuity due, you simply multiply the future value of the ordinary annuity by (1 + r):
FV of Annuity Due = [tex]FV of Ordinary Annuity * (1 + r)[/tex]
FV of Annuity Due = 1,653.68 * (1 + 0.05)
FV of Annuity Due = 1,653.68 * 1.05
FV of Annuity Due = $1,736.36
So the future value of the annuity due is $1,736.36.
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