The amortization expense for the first year can be calculated by dividing the cost of the patent by its useful life.
In this case, the cost of the patent is $12,000 and its useful life is 20 years. Therefore, the amortization expense for the first year is $12,000 / 20 = $600.
The journal entry for the first year's expense would be as follows:
Debit: Amortization Expense $600
Credit: Accumulated Amortization - Patent $600
This journal entry reflects the fact that the company has incurred an expense of $600 for the amortization of the patent, and that the accumulated amortization of the patent has increased by $600.
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2. Define, contrast, and explain in detail, the advantages of open and targeted recruitment.
3. Explain and identify in detail, at least four (4) strategies that organizations are or should be used to ensure that they attract women and under-represented racial and ethnic groups.
2. Open recruitment is the process of advertising a job opening to the general public and inviting anyone who is interested to apply. This method is typically used when there is a large number of job openings or when the employer is seeking a diverse pool of applicants. The advantage of open recruitment is that it can attract a large number of applicants from a wide range of backgrounds and experiences, increasing the chances of finding the best candidate for the job.
Targeted recruitment, on the other hand, involves identifying and reaching out to specific groups of people who have the desired qualifications and experience for the job. This method is typically used when the employer is seeking a specific skill set or demographic. The advantage of targeted recruitment is that it can yield a more qualified pool of applicants and can be more efficient and cost-effective than open recruitment.
3. Organizations can use a variety of strategies to attract women and under-represented racial and ethnic groups, including:
Creating an inclusive workplace culture: Organizations can foster a culture of diversity and inclusion by providing diversity training, promoting inclusive language and behaviors, and creating employee resource groups for under-represented groups.Partnering with organizations that support diversity: Organizations can partner with professional associations and community organizations that support women and under-represented groups to reach out to potential job candidates.Providing flexible work options: Organizations can offer flexible work schedules, telecommuting options, and other work-life balance initiatives to attract and retain diverse employees.Implementing diversity recruitment goals: Organizations can set specific goals for recruiting and hiring women and under-represented groups and hold managers accountable for meeting these goals.Know more about recruitment here:
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Write an informative email based on the following scenario: You are in charge of your organization's annual barbecue Inform your fellow employees and management about what they need to bring to the ba
An informative letter should include the letter's topic and any information that might help the audience understand why you're writing to them.
Hello fellow employees and management,
I am excited to announce that our annual barbecue is coming up! This is a great opportunity for us to come together and celebrate our hard work and accomplishments over the past year.
In order to make this event a success, I wanted to remind everyone what they need to bring:
Food: Each employee is asked to bring a dish to share. This can be a main dish, side dish, or dessert. Please let me know what you plan on bringing so we can avoid any duplicates.
Drinks: The organization will provide water and soda, but feel free to bring any other drinks you would like to share.
Utensils: The organization will provide plates, cups, and utensils, but if you have any special serving utensils for your dish, please bring them along.
Chairs: We will have some seating available, but if you have any folding chairs, please bring them to ensure everyone has a place to sit.
Thank you for your participation and I look forward to seeing everyone at the barbecue!
Best,
[Your Name]
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The following question may be like this:
Write an informative email based on the following scenario: You are in charge of your organization's annual barbecue Inform your fellow employees and management about what they need to bring to the barbeque, directions to the locations and activities planned. Be sure to create the relevant details:
It has three types of jeans all of which require the same production facilities. Estimates for the next month have been made as follows: Product X Y Z £ £ £ Selling price per unit (£) 200 150 120The same machine is used to produce all three products and hence, fixed cost is not affected. The business has a machine time capacity of 30,000 hours per month Total fixed cost per month is £54,000. Required: A) With supported workings, show which combination of products to be produced to achieve the highest profit for the company. Clearly show your workings which show the no of units to be produced, total contribution and total profit/(Loss).
In order to achieve the highest profit, the company should produce Product X. The number of units to be produced is 10,000, the total contribution is £2,000,000, and the total profit is £1,946,000.
To find the combination of products that will result in the highest profit:
1. First we need to calculate the contribution margin for each product. The contribution margin is the difference between the selling price and the variable cost of a product.
Contribution Margin = Selling Price - Variable Cost
Product X:
Contribution Margin = £200 - £0 = £200
Product Y:
Contribution Margin = £150 - £0 = £150
Product Z:
Contribution Margin = £120 - £0 = £120
2. Next, we need to calculate the number of units that can be produced with the available machine time. Since all three products require the same production facilities, we can assume that they all require the same amount of machine time. Therefore, we can divide the total machine time by the number of products to find the number of units that can be produced for each product.
Number of Units = Total Machine Time / Number of Products
Number of Units = 30,000 / 3 = 10,000 units
3. Now we can calculate the total contribution for each product by multiplying the contribution margin by the number of units.
Total Contribution = Contribution Margin * Number of Units
Product X:
Total Contribution = £200 * 10,000 = £2,000,000
Product Y:
Total Contribution = £150 * 10,000 = £1,500,000
Product Z:
Total Contribution = £120 * 10,000 = £1,200,000
4. Finally, we can calculate the total profit for each product by subtracting the total fixed cost from the total contribution.
Total Profit = Total Contribution - Total Fixed Cost
Product X:
Total Profit = £2,000,000 - £54,000 = £1,946,000
Product Y:
Total Profit = £1,500,000 - £54,000 = £1,446,000
Product Z:
Total Profit = £1,200,000 - £54,000 = £1,146,000
Based on these calculations, the company should produce Product X to achieve the highest profit. The number of units to be produced is 10,000, the total contribution is £2,000,000, and the total profit is £1,946,000.
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When a researcher selects the most accessible population members from whom to collect information, he/she is using --- sampling procedure. *ClusterJudgementConvenience2. According to ----- Random sampling procedure, a researcher first selects a member of the population on a random basis and then every Nth (e.g. 5th or 7th) person is elected. *StratifiedClusterSystematicSimpleStratified3. Which of the following is True about Nature of Personality? *All of them are not nature of personalityPersonality is consistent and enduringPersonality reflects Individual similaritiesPersonality cannot change4.Which of the following one is not true about materialistic people? *Lifestyle full of possessionsTheir possessions give them satisfactionSelfish and self-centeredShowing of possessions
1. When a researcher selects the most accessible population members from whom to collect information, he/she is using Convenience. sampling procedure.
2. According to systematic random sampling procedure, a researcher first selects a member of the population on a random basis and then every Nth (e.g. 5th or 7th) person is elected.
3. One thing that is true about personality is Personality is consistent and enduring.
4. The correct answer is their possessions give them satisfaction.
1. When a researcher selects the most accessible population members from whom to collect information, he/she is using convenience sampling procedure. This type of sampling is used when the researcher wants to collect data quickly and easily.
2.This type of sampling is used when the researcher wants to ensure that the sample is representative of the population.
3. This is one of the key characteristics of personality, which is the unique and relatively stable pattern of thoughts, feelings, and behaviors that define an individual.
4. Materialistic people are typically more focused on acquiring and showing off possessions than on the satisfaction they get from those possessions. They may be selfish and self-centered, and their lifestyle may be full of possessions, but the satisfaction they get from those possessions is not a defining characteristic of materialistic people.
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16. What is the maturity value of a $8,500 note dated June 17,2020, if it matures on November 15, 2021 at 7.75%. (Banker’sRule)
The maturity value of the $8,500 note dated June 17, 2020, if it matures on November 15, 2021 at 7.75%, is $9,440.31.
The maturity value of a note is the amount that will be paid to the holder of the note on the maturity date. It is calculated by adding the principal amount and the interest earned over the term of the note. To calculate the maturity value of the note in this question, we will use the Banker's Rule formula:
Maturity Value = Principal x (1 + (Interest Rate x Number of Days to Maturity / 360))
Principal = $8,500
Interest Rate = 7.75% = 0.0775
Number of Days to Maturity = November 15, 2021 - June 17, 2020 = 516 days
Maturity Value = $8,500 x (1 + (0.0775 x 516 / 360))
Maturity Value = $8,500 x (1 + 0.110625)
Maturity Value = $8,500 x 1.110625
Maturity Value = $9,440.31
The $8,500 note dated June 17, 2020 therefore has a $9,440.31 maturity value if it matures at 7.75% on November 15, 2021.
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Aurora is about to purchase maintenance medicines for her cholesterol level and diabities priced at 14.50 and 5.75 per piece respectively. Both prices are inclusive of 12% VAT. If she purchased 30 pieces of each medicine and uses her senior citizen card which grants her a 20% discount after removing the 12% VAT from the selling price, how much does she need to pay?
Aurora is about to purchase maintenance medicines for her cholesterol level and diabities priced at 14.50 and 5.75 per piece respectively. Both prices are inclusive of 12% VAT. If she purchased 30 pieces of each medicine and uses her senior citizen card which grants her a 20% discount after removing the 12% VAT from the selling price, Aurora needs to pay 433.92 for the maintenance medicines.
To find the total amount Aurora needs to pay for the maintenance medicines, we need to do the following steps:
1. Find the price of each medicine before VAT.
2. Find the total price of the medicines before VAT.
3. Apply the senior citizen discount.
4. Find the total amount Aurora needs to pay.
Step 1: Find the price of each medicine before VAT.
- For the cholesterol medicine: 14.50 / 1.12 = 12.95
- For the diabetes medicine: 5.75 / 1.12 = 5.13
Step 2: Find the total price of the medicines before VAT.
- For the cholesterol medicine: 12.95 x 30 = 388.50
- For the diabetes medicine: 5.13 x 30 = 153.90
- Total price before VAT: 388.50 + 153.90 = 542.40
Step 3: Apply the senior citizen discount.
- 542.40 x 0.20 = 108.48
- 542.40 - 108.48 = 433.92
Step 4: Find the total amount Aurora needs to pay.
- The total amount Aurora needs to pay is 433.92.
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Q. Payback period method is a discounted method of Capital
Appraisal?
A. True
B. False
Payback period method is a discounted method of Capital Appraisal is false statement . (B)
The payback period method is not a discounted method of capital appraisal. It is a simple method that calculates the length of time required for an investment to recover its initial cost. (B)
It does not take into account the time value of money or the discounted cash flows of the investment.
Discounted methods of capital appraisal, such as net present value (NPV) and internal rate of return (IRR), do take into account the time value of money and are considered more accurate measures of an investment's profitability.
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A manufacturer of household cleaning products is interested in learning what motivates consumers to buy its products. What needs do you think consumers are trying to satisfy when buying and using these products? 4. Although water is free, many consumers choose to pay. What needs do you think consumers are seeking to satisfy when they purchase bottled water? (Write minimum 400 words.)
Answer:
The interest in household cleaning products that would motivate consumers to buy would be: does it work, price, safety, and eco friendly.
Bottled water interest would be safer and better tasting as well as cost and recyclability.
Explanation:
A person looking to buy household cleaners wants to know how well the product cleans and if it does infact cleanse things as advertised. Next, they want to know how much it is going to cost them. People want to know how safe the chemicals will be for their families and pets. A lot of people will now be more inclined to purchase household cleaners that are more eco-friendly.
People are interested in buying bottled water because the water has been filtered and purified. Not only does that make the water cleaner, but it also tastes better than water from the faucet. People want to know how much the water will cost for different amounts and how recyclable the plastic is.
When consumers purchase household cleaning products, they are likely looking to achieve cleanliness and sanitation for their home and its occupants. In addition, these products often promise to remove dirt, bacteria, allergens, and other potentially hazardous elements from the home, which further motivates consumers to purchase them.
When it comes to purchasing bottled water, consumers are likely looking to gain convenience, portability, and easy access to a clean, healthy water source. Bottled water can also be seen as a status symbol, as those who purchase it are able to enjoy it anywhere and anytime, unlike those who rely on public sources of water.
In addition, bottled water is often more readily available than tap water in certain locations, further adding to its appeal. Finally, some consumers may seek a feeling of comfort or safety when drinking bottled water, as they know it is free of potential contaminants that may be present in public sources.
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Explain why a text-oriented religion could be more appealing than an ritual-oriented religion.
A text-oriented religion is one that emphasizes the importance of sacred texts and religious writings as the primary source of religious authority and guidance. One reason why a text-oriented religion could be more appealing is that it allows for a more personal and individualized religious experience.
With a text-oriented religion, individuals can read and interpret religious texts on their own, and develop their own understanding of religious teachings. This can provide a sense of personal connection and empowerment, as individuals are able to shape their own religious beliefs and practices.
Another reason why a text-oriented religion may be more appealing is that it can be more accessible and convenient for believers. Religious texts can be easily read and studied at any time and in any place, without the need for special rituals or ceremonies.
This can make it easier for individuals to incorporate religious practices into their daily lives, and to maintain their religious beliefs even when they are unable to participate in religious rituals or ceremonies.
Overall, a text-oriented religion can be more appealing because it offers a more personal, individualized, and accessible religious experience for believers.
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1. Explain and evaluate how the primary objective in the
financial management of maximizing shareholder wealth conflicts
with other purposes, such as ensuring favorable outcomes for
patients
The primary objective of financial management is to maximize shareholder wealth, which is achieved by maximizing the value of the firm's stock are maximizing shareholder wealth, pricing of products and services to ensure favorable outcomes for patients
The primary objective of financial management is to maximize shareholder wealth, which is achieved by maximizing the value of the firm's stock. However, this objective can sometimes conflict with other purposes, such as ensuring favorable outcomes for patients.
One of the main ways that the objective of maximizing shareholder wealth conflicts with other purposes is through the allocation of resources.
In order to maximize shareholder wealth, financial managers may be tempted to allocate resources in ways that maximize profits, even if it means sacrificing patient outcomes. For example, they may choose to cut costs by reducing staff, which can lead to lower quality of care for patients.
Overall, the primary objective of financial management, maximizing shareholder wealth, can sometimes conflict with other purposes, such as ensuring favorable outcomes for patients.
It is important for financial managers to carefully consider the potential consequences of their decisions and to strike a balance between maximizing shareholder wealth and fulfilling other important objectives.
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Jennifer owes $600 due in 9 months and $1,500 plus 6% interest due in 3
months. She wants to pay off both debts in a single payment in 11 months.
How much should she pay if the money is worth 5%?
Jennifer should pay $2220.34 if the money is worth 5% and if she wants to pay off both debts in a single payment in 11 months.
Jennifer's total debt is $600 + $1500 + 6% interest on $1500. If she wants to pay off both debts in a single payment in 11 months, she needs to calculate the total amount she owes including interest.
To calculate the interest on the $1500 debt, we use the formula I = PRT, where P is the principal ($1500), R is the interest rate (6% or 0.06), and T is the time in years (3 months or 0.25 years).
I = 1500 * 0.06 * 0.25 = $22.50
So, the total amount Jennifer owes for the $1500 debt is $1500 + $22.50 = $1522.50.
Next, we need to calculate the interest on the total amount she owes if she pays it off in 11 months. Again, we use the formula I = PRT, where P is the principal ($600 + $1522.50 = $2122.50), R is the interest rate (5% or 0.05), and T is the time in years (11 months or 0.92 years).
I = 2122.50 * 0.05 * 0.92 = $97.84
Finally, we add the interest to the total amount Jennifer owes to get the final amount she should pay in 11 months:
$2122.50 + $97.84 = $2220.34
Therefore, Jennifer should pay $2220.34 in 11 months to pay off both debts in a single payment.
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Dr Skywalker has been running a furniture manufacturing business in his own personal capacity as a sole proprietor. In January 2015, he set up Sky Sdn Bhd, a private company limited by shares for the business of furniture manufacturing. Both Dr Skywalker and Mrs Skywalker are the directors of the company.Although the business run by Dr Skywalker was worth RM100, 000, Dr Skywalker transferred the business to the company for RM200, 000. The company in exchange for the business granted Dr Skywalker a charge for RM200, 000 on the company’s properties.Upon the company being set up, Dr Skywalker purchased insurance from Insurance Sdn Bhd for the furniture belonging to the company under his own personal name. Two months after purchasing the insurance, the furniture of the company was destroyed by fire. The company incurred a huge loss of 6 months business resulting in a loss of RM10, 000.Since then, the company has suffered huge loss and does not have any profit available for dividends. However, Dr Skywalker still causes the company to declare dividends out of the capital of the company. Recently, the company is wound-up by the court on the ground of the company being unable to pay its debts to its business partners.required1)Discuss whether Dr Skywalker is entitled to receive the RM200,000 from the company for transferring his business to the company? (15 m)
No, Dr. Skywalker is not entitled to receive the RM200,000 from the company for transferring his business to the company. This is because the value of the business was only RM100,000 and he transferred it to the company for RM200,000, which is twice the value of the business. This is a breach of the director's fiduciary duty to act in the best interest of the company and to not make a personal profit at the expense of the company.
Additionally, the company granted Dr. Skywalker a charge for RM200,000 on the company’s properties in exchange for the business, which is also a breach of fiduciary duty as it creates a conflict of interest for Dr. Skywalker as a director of the company.
Furthermore, Dr. Skywalker purchased insurance for the furniture belonging to the company under his own personal name, which is another breach of fiduciary duty as it is not in the best interest of the company. This also resulted in the company not being able to claim the insurance when the furniture was destroyed by fire, leading to a huge loss for the company.
Lastly, Dr. Skywalker caused the company to declare dividends out of the capital of the company even though the company did not have any profit available for dividends. This is a breach of fiduciary duty as it is not in the best interest of the company and its shareholders.
Therefore, Dr. Skywalker is not entitled to receive the RM200,000 from the company for transferring his business to the company as he has breached his fiduciary duty as a director of the company.
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You are considering buying a bond that matures 5 years from today. The par value of the bond is £10,000 and the coupon rate is 6%. If the current market interest rates are 8%, what is the bond price today if the coupon is paid semi-annually?
The bond price today is £9,072.51 if the coupon is paid semi-annually.
The bond price today can be calculated using the formula for the present value of a bond, which is:
[tex]PV = C x[(1 - \frac{(1 + r) ^{-n}) }{r} ] + F x (1 + r) ^{-n})[/tex]Where PV is the present value or bond price, C is the coupon payment, r is the market interest rate, n is the number of periods, and F is the face value or par value of the bond.
In this case, the coupon payment is:
= £10,000 x 6% / 2= £300The market interest rate is:
= 8% / 2 = 4%And the number of periods is:
5 x 2 = 10Plugging these values into the formula, we get:
[tex]PV = 300 x[(1 - \frac{(1 + 0.04) ^{-10}) }{0.04} ] + 10,000 x (1 + 0.04) ^{-10})[/tex][tex]PV = 300 x(7.7217 ) + 10,000 x (0.6756)[/tex]PV = 2,316.51 + 6,756PV = £9,072.51Therefore, the bond price today is £9,072.51 if the coupon is paid semi-annually.
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the King code refers to good corporate governance and emphasizes, among other things, the concepts of transparency and accountability. Explain these concepts in the context of companies
The King Code can be explained as the code providing several benchmark standards for companies to meet in their public filings and business practices.
What is the King Code?The King Code can be understood as that which provides a number of benchmark standards for companies to meet in their public filings and business practices. Offering an overview of how companies should perform can be beneficial for standardizing industries and making an economy more appealing to foreign investors.
Companies use the King Code to guide their activities and must provide explanations when they choose to deviate from the standards set by the code.
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GHI Company bonds have a coupon rate of 4.11 percent, 7 years to maturity, and a current price of $1,032. What is the current yield on these bonds (in percent)? Answer to two decimals.
Bonds are $1000 Par Semiannual Compounding
The current yield on the GHI Company bonds is 3.98%.
The current yield on a bond is the annual coupon payment divided by the current market price of the bond. In this case, the annual coupon payment is 4.11% of the $1000 par value, or $41.10. The current market price is $1,032.
To calculate the current yield, we use the formula:
Current yield = (Annual coupon payment / Current market price) x 100
Plugging in the values from the question, we get:
Current yield = ($41.10 / $1,032) x 100
Current yield = 0.0398 x 100
Current yield = 3.98%
Therefore, the current yield on the GHI Company bonds is 3.98%.
To answer to two decimals, we can round the current yield to the nearest hundredth, which gives us a final answer of 3.98%.
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Many people put aside money to take care of unexpected expenses. If Pedro and Susanna have money to put aside for emergencies, in which of the following forms would it be of LEAST benefit to them if they needed it right away?
If Pedro and Susanna needed the money right away, it would be of the least benefit to them if they had put their emergency savings into a long-term investment or a fixed-term deposit account that has penalties for early withdrawal.
What unexpected expense means?You can refer to expenses as unexpected if you did not anticipate them. An example would be going for your car's inspection and failing because something has to be fixed. This is a cost that you can account for in your budget and savings strategy.
Long-term investments, such as stocks or mutual funds, are typically designed to be held for several years or even decades to maximize returns. Similarly, fixed-term deposit accounts, such as certificates of deposit (CDs), may offer higher interest rates than regular savings accounts but often require that the money be locked up for a specific period of time.
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JKL Co. issues zero coupon bonds on the market at a price of $364 per bond. Each bond has a face value of $1,000 payable at maturity in 14 years. What is the yield to maturity for these bonds (in percent)? Answer to two decimals.Assume 1,000 par value and semi annual compounding
The yield to maturity for these bonds is 4.92%.
The yield to maturity for these bonds can be calculated using the formula:
Yield to maturity = (Face value / Price)^(1 / Number of periods) - 1
In this case, the face value is $1,000, the price is $364, and the number of periods is 14 x 2 = 28 (since there is semi-annual compounding).
Plugging these values into the formula, we get:
Yield to maturity = ($1,000 / $364)^(1 / 28) - 1
Yield to maturity = 1.0492 - 1
Yield to maturity = 0.0492
To convert this to a percentage and round to two decimals, we multiply by 100 and round:
Yield to maturity = 0.0492 x 100 = 4.92%
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The final stage in the interview process for an Assistant Financial Analyst at ABC Corporation involves a test of your understanding of basic financial concept. You are given the following memorandum and asked to respond to the questions. Whether or not you are offered a position in Caledonia will depend on the accuracy of your response.
To : Applicants for the position of Financial Analysts
From : Ms. Nurnadia Hassan, CEO, ABC Corporation
Re : A test of your understanding of basic financial concepts
Please respond to the following question:
What are the differences between the goals of profit maximization and maximization of shareholder wealth? Which goal do you think is more appropriate?
(20 marks)
"If an investor holds shares of about 20 different businesses all of the risk is eliminated and the portfolio will give a return equal to the risk-free rate."
(20 marks)
The main difference between the goals of profit maximization and maximization of shareholder wealth is that profit maximization focuses on increasing the company's profits in the short term, while maximization of shareholder wealth focuses on increasing the value of the company's stock in the long term.
Profit maximization involves making decisions that will increase the company's profits in the short term, such as cutting costs or increasing prices. Maximization of shareholder wealth, on the other hand, involves making decisions that will increase the value of the company's stock in the long term, such as investing in new technology or expanding into new markets.
I believe that maximization of shareholder wealth is a more appropriate goal for a company because it focuses on the long-term success of the company. While profit maximization may result in short-term gains, it can also lead to long-term problems if it is achieved at the expense of the company's long-term success. Maximization of shareholder wealth, on the other hand, ensures that the company is making decisions that will benefit it in the long term and create sustainable growth.
Regarding the second question, it is not true that holding shares of 20 different businesses eliminates all risk and guarantees a return equal to the risk-free rate. While diversification can reduce the risk of a portfolio, it cannot eliminate it completely. There is always some level of risk involved in investing, and it is impossible to guarantee a specific return. Additionally, the risk-free rate is typically associated with investments such as government bonds, which have a very low level of risk but also a lower return. Holding shares of 20 different businesses may reduce the risk of the portfolio, but it does not guarantee a return equal to the risk-free rate.
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What are some examples of job information that is collected during a job analysis?a. tasks, responsibilities, experience required, performance standardsb. employee engagement, on-the-job training requirements, employee expectationsc. wage rate and bonuses, education level, job satisfactiond. working conditions, injury reports, safety concerns and violations
Positions and Duties The primary function of a job is the completion of specific duties and responsibilities. job analyses items can be studied in terms of their frequency, duration, effort, expertise, complexity, equipment, standards, etc.
What does a job analysis mean? What does an example mean?Examining a work's tasks and responsibilities, importance relative to other jobs, skills needed to perform the job, and method of execution are all part of the process of job analysis. The process of gathering and analysing information about the characteristics, demands, and environment of a particular job, as well as its components and workforce, is known as job analysis. This process is utilised to determine where to place the job. Units and HR collaborate to make decisions in this area in accordance with NU Values.
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Analysis of Internal Environment (Hong Kong)
3.1 Evaluation of Nissin’s present strategy
3.1.1 Nissin’s Sales and Market share
The internal environment refers to the factors within a company that can influence its operations and performance. In the case of Nissin, an analysis of its internal environment would involve evaluating its present strategy, including its sales and market share.
Nissin’s present strategy involves expanding its market share through product innovation and expanding its product line. This strategy has resulted in increased sales and market share for the company in Hong Kong. Nissin has been able to achieve this through its strong brand image, high-quality products, and effective marketing strategies.
In terms of sales and market share, Nissin has performed well in Hong Kong. The company has been able to increase its sales and market share through its innovative products and strong brand image. However, the company still faces stiff competition from other players in the market, which could impact its sales and market share in the future.
Overall, an analysis of Nissin’s internal environment reveals that the company’s present strategy has been successful in increasing its sales and market share in Hong Kong. However, the company needs to continue to innovate and expand its product line in order to maintain its competitive edge in the market.
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Question 1.2 (10pts) Maya borrowed $140,000 at an interest rate of 5.5% compounded annually over 5 years. She will repay the loan in instalments at the end of each year, according to the following repayment schedule. • She will pay nothing at the end of the first year. • She will pay $X at the end of the second year. • She will pay $55,000 at the end of the third year. • She will pay $30,000 at the end of the fourth year. • She will pay $25,000 at the end of the fifth year. What will be the size of the payment at the end of the second year (X) that will pay off the loan? A) $50,372.82 B) $55,446.88 C) $59,321.68 D) Answers A, B and C are not correct
The size of the payment at the end of the second year that will pay off the loan is $55,446.88. Option B is correct.
To calculate this, you need to take the principal amount of the loan ($140,000) and subtract the payments made at the end of the first three years.
After subtracting the payments at the end of the first three years, the remaining principal balance will be the amount due for the fourth-year payment plus the fifth-year payment.
Thus, the size of the payment at the end of the second year is:
$140,000 - ($0 + $55,000 + $30,000) = $55,000
To calculate the interest payments, we use the formula: Interest = Principal × Rate × Time.
For the second year: Interest = $140,000 × 0.055 × 1 = $7,700
Therefore, the total payment due at the end of the second year is $55,000 + $7,700 = $55,446.88. Option B is correct.
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Question 2
Cisco Performs the Virtual Close Technology has dramatically shortened the closing process. Recent surveys have reported that the average company now takes only six to seven days to close, rather than the previous 20 days. But a few companies do much better. Cisco Systems can perform a "virtual close"— closing within 24 hours on any day in the quarter. The same is true at Lockheed Martin Corp., which improved its closing time by 85% in just the last few years. Not very long ago, it took 14 to 16 days. Managers at these companies emphasize that this increased speed has not reduced the accuracy and completeness of the data. This is not just showing off. Knowing exactly where you are financially all of the time allows the company to respond faster than its competitors. It also means that the hundreds of people who used to spend 10 to 20 days a quarter tracking transaction can now be more usefully employed on things such as mining data for business intelligence to find new business opportunities.
Explain how the stakeholder would benefits from this shorter closing process? (8 marks)
Could you please solve this question as soon as possible?
Stakeholders benefit from the shorter closing process in a number of ways: faster decision making, increased accuracy and completeness, more efficient use of resources, more efficient use of resources, and better business intelligence.
Overall, the shorter closing process provides stakeholders with faster, more accurate, and more complete financial information that they can use to make better decisions and drive business success.
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Putnam & Putnam, a legal firm, uses the balance sheet approach to estimate uncollectible accounts expense. At year-end, an aging of the accounts receivable produced the following five groupings:
a. Not yet due $250,000
b. 1-30 days past due 105,000
c. 31-60 days past due 40,000
d. 61-90 days past due 7,500
e. Over 90 days past due 15,000
Total $417,500
On the basis of past experience, the company estimated the percentages probably uncollectible for the above five age groups to be as follows: Group a, 1 percent; Group b, 3 percent; Group c, 10 percent; Group d, 20 percent; and Group e, 50 percent.
The Allowance for Doubtful Accounts before adjustment at December 31 showed a credit balance of $5,900.
Assume that on January 10 of the following year, Putnam & Putnam learned that an account receivable that had originated on September 1 in the amount of $4,300 was worthless because of the bankruptcy of the client, Safeland Co.
Prepare the journal entry required on January 10 to write off this account.
The journal entry required on January 10 to write off the account receivable from Safeland Co. is as follows:
Debit: Allowance for Doubtful Accounts $4,300
Credit: Accounts Receivable $4,
When an account receivable is determined to be uncollectible, it needs to be written off. This is done by debiting the Allowance for Doubtful Accounts and crediting the Accounts Receivable account. The Allowance for Doubtful Accounts is a contra asset account that is used to reduce the Accounts Receivable balance to its net realizable value. By debiting the Allowance for Doubtful Accounts and crediting the Accounts Receivable account, the balance of the Accounts Receivable account is reduced by the amount of the uncollectible account.
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Development costs may be capitalized if:
They relate to a clearly identifiable product.
All of the criteria must be met.
The entity has sufficient resources to complete the project.
The product is technically feasible.
All of the criteria must be met.
Development costs may be capitalized if they meet all of the following criteria:
1. They relate to a clearly identifiable product: This means that the costs must be directly attributable to a specific product or project that the company is developing.
2. The entity has sufficient resources to complete the project: The company must have the financial resources and technical expertise to complete the development project.
3. The product is technically feasible: The company must be able to demonstrate that the product can be developed and produced using current technology.
4. All of the criteria must be met: In order for development costs to be capitalized, all of the above criteria must be met. If any one of the criteria is not met, the costs cannot be capitalized and must be expensed in the current period.
It is important to note that development costs are only capitalized if they meet all of the above criteria. If any one of the criteria is not met, the costs must be expensed in the current period.
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"Everglades Consultants takes out a loan in the amount of
$375,000 on April 1. The terms of the loan include a repayment of
principal in eight, equal installments, paid annually from the
April 1 date. the annual interest rate on loan is 5% December 31st. (Round answer to the nearest cent, if appropriate.) A. Compute the interest accrued on December 31 of year 1. B. Compute the principal due in year
The interest accrued on December 31 of year 1 is $14,062.50 and the principal due in year 1 is $46,875
A. The interest accrued on December 31 of year 1 can be calculated using the simple interest formula, I = P × R × T, where I is the interest, P is the principal, R is the annual interest rate, and T is the time in years. In this case, P = $375,000, R = 5%, and T = 9/12 (since the loan was taken out on April 1 and the interest is being calculated on December 31, which is 9 months later). Plugging these values into the formula gives:
I = $375,000 × 5% × 9/12
I = $14,062.50
Therefore, the interest accrued on December 31 of year 1 is $14,062.50.
B. The principal due in year 1 is the total principal divided by the number of installments, or $375,000 / 8 = $46,875. Therefore, the principal due in year 1 is $46,875.
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a)Consider the various types of utility the logistics management provides to customers and the definition of SC surplus. Accordingly, describe how the "customer value" impacts SC surplus.
b)Describe the postponement (i.e., delayed product differentiation) strategy. Explain, by an industrial example, how postponement enables mass customization.
a) When it comes to logistics management, customer value is the sum total of all the benefits and utility the customer gains from the service. Customer value impacts SC surplus because it helps increase customer loyalty and satisfaction, which can increase sales and profits.
b) Postponement (or delayed product differentiation) is a supply chain strategy that focuses on delaying the production of product until the very last stage. An example of postponement in the industrial sector is an automobile assembly line.
a) The various types of utility that logistics management provides to customers are time, place, form, and possession utility. Time utility refers to having the product available when the customer wants it, place utility refers to having the product available where the customer wants it, form utility refers to having the product in the form the customer wants it, and possession utility refers to the customer being able to take ownership of the product.
These utilities contribute to the customer value, which is the difference between the benefits a customer receives from a product and the costs associated with acquiring and using the product. When the customer value is high, the supply chain (SC) surplus is also high because the customer is willing to pay more for the product, leading to higher profits for the company.
b) The postponement strategy is a supply chain strategy in which a company delays the final differentiation of a product until the last possible moment. This allows for mass customization, where a company can produce a large quantity of products but still customize them to meet the individual needs of the customer.
An example of this is Dell, which uses the postponement strategy to customize computers for their customers. Dell keeps a large inventory of computer components and only assembles the final product when an order is placed. This allows them to offer a wide range of customization options without having to keep a large inventory of finished products.
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Problem 1 A research report produced by a dealer includes the following table: USD/EUR CHF/USD USD/GBP Spot Rate 1.1701 0.9900 1.3118 Expected Spot Rate in One Year 1.1619 0.9866 1.3066 Answer the following based on the table above:
1. What is the spot CHF/EUR cross-rate?
2. What is the spot GBP/EUR cross-rate?
3. By how much is the Euro expected to appreciate against the US dollar over the next year? Express your answer as a percentage.
4. By how much the US dollar is expected to appreciate by how much against the British pound over the next year? Express your answer as a percentage.
5. Over the next year, decide whether the Swiss franc is expected:
a. to appreciate or depreciate against the GBP. What is the percentage?
b. to appreciate or depreciate against the EUR. What is the percentage?
6. Based on the table above, list the three currencies of USD, GBP, and EUR from strongest to weakest over the next year?
7. Based on the exhibit, list the three currencies of GBP, CHF, and EUR in order of appreciating the most to appreciating the least (in percentage terms) against the USD over the next year?
1. The spot CHF/EUR cross-rate is 1.1804.
2. The spot GBP/EUR cross-rate is 1.3279.
3. The Euro is expected to appreciate against the US dollar by 0.0082 or 0.71% over the next year.
4. The US dollar is expected to appreciate against the British pound by 0.0052 or 0.40% over the next year.
5.a. The Swiss franc is expected to appreciate against the GBP by 0.0134 or 1.35%.
b. The Swiss franc is expected to depreciate against the EUR by 0.0035 or 0.36%.
6. USD, EUR, GBP from strongest to weakest over the next year.
7. GBP, EUR, CHF from appreciating the most to appreciating the least (in percentage terms) against the USD over the next year.
How to calculateThe spot CHF/EUR cross-rate can be calculated by dividing the spot rate of CHF/USD by the spot rate of USD/EUR. This gives us: Spot CHF/EUR = 0.9900 / 1.1701 = 0.8457 The spot GBP/EUR cross-rate can be calculated by dividing the spot rate of GBP/USD by the spot rate of USD/EUR. This gives us: Spot GBP/EUR = 1.3118 / 1.1701 = 1.1213 The Euro is expected to appreciate against the US dollar by (1.1701 - 1.1619) / 1.1701 = 0.0070, or 0.70%. The US dollar is expected to appreciate against the British pound by (1.3118 - 1.3066) / 1.3118 = 0.0040, or 0.40%. Over the next year, the Swiss franc is expected to appreciate against the GBP by (0.9900 - 0.9866) / 0.9900 = 0.0034, or 0.34%. It is also expected to appreciate against the EUR by (0.8457 - 0.8449) / 0.8457 = 0.0009, or 0.09%. Based on the table above, the three currencies of USD, GBP, and EUR are expected to be strongest to weakest in the following order: EUR, GBP, USD. Based on the table above, the three currencies of GBP, CHF, and EUR are expected to appreciate the most to least (in percentage terms) against the USD in the following order: EUR (0.70%), CHF (0.34%), GBP (0.40%).Learn more about cross rate at
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What will be the remedial action for the following issues in a company, based on Lewin's three stages of change (unfreeze, movement, freeze)?
Remedial action for the following issues in a company can be addressed by using Lewin's three stages of change (unfreeze, movement, freeze):
1. Unfreeze: This stage involves creating a sense of urgency for change and breaking down the current state of affairs. In a company, this could involve communicating the need for change to employees, identifying potential obstacles, and gathering support from key stakeholders.
2. Movement: This stage involves implementing the change and moving the company towards the desired state. This could involve introducing new policies or procedures, reorganizing teams or departments, and providing training and support to employees.
3. Freeze: This stage involves solidifying the new state and ensuring that the change is sustainable. This could involve monitoring the success of the change, providing ongoing support and training, and reinforcing the new behaviors and practices.
By following these three stages, a company can effectively address any issues and implement meaningful and lasting change.
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wanting to be around others at work us part of your
The desire to be around others at work is part of a person's social environment. Thus, the correct option is A.
What is the significance of social surroundings?The social environment is defined as the environment that is distinct from a person's family, or his or her internal environment that is located in the society in which a person operates as part of their daily life.
This is almost impossible for a person to work in an environment where he or she does not have contact with other people while working, whereas human desire is said to be an integral part of a person's social environment.
Thus, the correct option is A.
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Your question is incomplete, most probably the complete question is:
Wanting to be around others at work is part if your__.
A. Social surroundings
B. Physical surroundings
C. Mental surroundings
D. Internal surroundings
1. On January 1, Terry Company began a car wash business. It received $50,000 for the issuance of Common Stock. 2. On January 2, Terry purchased supplies for S 100 on account. 3. On January 3, Terry provided service to customers for $6,000 on account 4. On January 4, a customer from January 3 complained that Terry failed to vacuum the interior. Terry agreed to reduce the bill by $5. 5. On January 5, received $98 from a customer on account. This customer owed $100 but paid within the 2/10, n/30 discount period. 6. On February 6, Terry paid Ameren $130 for power used during January 7. On February 7, Terry paid employees S360 for work performed. 8. On February 8, Terry provided service to customers for $1,700 cash. 9. On March 9, Terry paid $400 for rent for the month. 10. On March 10, Terry received $3,000 from customers on account. None of these payments were within the discount period. 11. On April 11, Terry borrowed 5,000 from the bank at 8% interest; interest and principal are due next in one year. 12. On May 12, Terry purchased equipment for $5,000 cash. 13. On June 13, Terry established a petty cash fund for $300. 14. On July 14, Terry replenished the petty cash fund for $150; $100 was for maintenance costs, $20 was for postage, and $30 was for the window washer. 15. On December 31, Terry recorded depreciation of S200. 16. On December 31, Terry recorded the interest incurred, but not paid, for the loan from April 11. 17. On December 31, Terry recorded an adjustment to reflect that the supplies on hand totaled S23. 18. On December 31, Terry recorded an adjustment to estimate S640 owed from customers will never be collected
The transactions of Terry Company are recorded using the double-entry accounting system. Each transaction affects two or more accounts in the general ledger. The transactions are recorded using debits and credits. A debit is an entry that increases an asset or expense account or decreases a liability or equity account. A credit is an entry that decreases an asset or expense account or increases a liability or equity account. The debits and credits for each transaction must be equal.
1. Debit Cash $50,000, Credit Common Stock $50,000
2. Debit Supplies $100, Credit Accounts Payable $100
3. Debit Accounts Receivable $6,000, Credit Service Revenue $6,000
4. Debit Sales Discounts $5, Credit Accounts Receivable $5
5. Debit Cash $98, Credit Accounts Receivable $100, Credit Sales Discounts $2
6. Debit Utilities Expense $130, Credit Cash $130
7. Debit Wages Expense $360, Credit Cash $360
8. Debit Cash $1,700, Credit Service Revenue $1,700
9. Debit Rent Expense $400, Credit Cash $400
10. Debit Cash $3,000, Credit Accounts Receivable $3,000
11. Debit Cash $5,000, Credit Notes Payable $5,000
12. Debit Equipment $5,000, Credit Cash $5,000
13. Debit Petty Cash $300, Credit Cash $300
14. Debit Maintenance Expense $100, Debit Postage Expense $20, Debit Window Washing Expense $30, Credit Petty Cash $150
15. Debit Depreciation Expense $200, Credit Accumulated Depreciation $200
16. Debit Interest Expense $33.33, Credit Interest Payable $33.33
17. Debit Supplies Expense $77, Credit Supplies $77
18. Debit Bad Debt Expense $640, Credit Allowance for Doubtful Accounts $640
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