The Economic situation after the world war lead to labor unrest because the workers struggled to assert their rights and improve their economic conditions in the face of high unemployment and inflation.
The Economic situation after World War I led to labor unrest in many countries because the post-war period was marked by economic instability, inflation, and high unemployment rates.
Many workers, who had been employed during the war in essential industries, found themselves out of work as demand for their skills declined after the war. Additionally, the return of soldiers to the workforce led to a surplus of labor, which drove down wages.
Therefore, the workers began to demand better pay, improved working conditions, and greater job security.
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builtrite preferred stock has a 4.4% coupon based on a par value of 86 a share. currently, investors require a 4% return. what is the value of builtrite's preferred stock?
Each share of Builtrite's preferred stock is worth $94.60. In contrast to common stock, which normally does not grant its owner voting rights, preferred stock has a larger claim on the company's assets and dividends.
The following formula can be used to determine the value of Builtrite's preferred stock:
Yearly Dividend Payment / Required Rate of Return equals the value of preferred stock.
We must first determine the annual dividend payment:
Coupon Rate x Par Value = Yearly Dividend Payment
Dividend Payment Yearly = 4.4% x $86
$3.784 is the annual dividend payment.
The value of the preferred shares can then be determined using the following formula:
Preferred Stock Value = $3.784 / 4%
Preferred Stock Value = $94.60
As a result, each share of Builtrite's preferred stock is worth $94.60.
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kim co. has determined its year-end cost of its fifo inventory to be $600,000. information pertaining to that inventory is as follows: selling price $ 720,000 costs to sell 30,000 normal profit margin 70,000 replacement cost 610,000 what should be the reported value of kim co.'s inventory?
Since the market value of the inventory is lower than the cost, we need to use the market value to report the inventory. Therefore, the reported value of Kim Co.'s inventory is $610,000.
To determine the reported value of Kim Co.'s inventory, we need to apply the lower of cost or market (LCM) rule.
The cost of the inventory is $600,000.
The market value is the lower of the selling price, reduced by the costs to sell and the normal profit margin, and the replacement cost.
Market = min(720,000 - 30,000 - 70,000, 610,000)
Market = min(620,000, 610,000)
Market = 610,000
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You are trying to increase your monthly savings to buy a used car. Your boss allows you to work one hour of overtime at time-and-half 5 days per week. Your regular wage is $12. 00 per hour. You want to save $3,000 for your car. Approximately how many weeks must you work with the extra hour per day to reach your goal?
Rounding up to the nearest whole number, you will need to work approximately 7 weeks with the extra hour per day to save $3,000 for your car.
Let's first calculate the overtime pay rate per hour:
Overtime pay rate = regular pay rate x 1.5 = $12.00 x 1.5 = $18.00 per hour
So, by working one hour of overtime at time-and-a-half each day, you can earn an additional $18.00 per day.
Let's assume that you work 5 days per week with one extra hour of overtime each day, so you earn an additional $18.00 x 5 = $90.00 per week.
Now, let's find out how many weeks you need to work to save $3,000 for your car:
Number of weeks = total savings needed / savings per week
Savings per week = regular earnings + extra earnings - expenses
Let's assume your expenses are $500 per month or $125 per week.
Regular earnings per week = regular pay rate x 40 hours per week = $12.00 x 40 = $480.00 per week
Extra per week = $90.00
Savings per week = $480.00 + $90.00 - $125.00 = $445.00 per week
Number of weeks = $3,000.00 / $445.00 per week ≈ 6.74 weeks
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kurt simmons has 55/110/20 auto insurance coverage. one evening, he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. damage to the parked car was $6,500, and damage to the store was $16,820. a. what amount will the insurance company pay for the damages? b. what amount will kurt have to pay?
A. The insurance company will pay up to $20,000 for damages as Kurt's auto insurance coverage has limits of 55/110/20.
B. Kurt will have to pay $16,820 as the damage to the store is more than the insurance coverage.
Kurt's auto insurance coverage has limits of 55/110/20, which translates to a maximum coverage of $20,000.
Since the damage to the parked car was $6,500 and the damage to the store was $16,820, the insurance company will pay up to $20,000 for the damages.
However, Kurt will be responsible for the remaining $16,820 since it is beyond the coverage limits of his insurance policy.
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which of the following statements are entrepreneurial myths? select all that apply. a. you don't need a great idea to build a great company. b. if you're going to be successful, you need a business plan. c. about 25 percent of startups are by entrepreneurs over 55 years of age. d. the more risk you take, the bigger the reward you'll receive. e. you need a lot of cash to start a business.
The following statements are entrepreneurial myths *If you're going to be successful, you need a business plan", "The more risk you take, the bigger the reward you'll receive" and "You need a lot of cash to start a business".
A person who has the aptitude and motivation to launch, manage, and be successful in a startup venture, along with the risk necessary to do so, is referred to as an entrepreneur. The launch of a new business venture is the best illustration of entrepreneurship. The market is opened up to new ideas by entrepreneurs, who are frequently credited as innovators or sources of fresh concepts.
From small, home-based businesses to multinational corporations, it can be categorised. In terms of economics, an entrepreneur's profits are derived from a combination of land, natural resources, labour, and capital.
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all of the following are conditions for a cash dividend except a.formal action by the board of directors. b.positive net income. c.sufficient cash. d.sufficient retained earnings.
Sufficient cash is the conditions for cash dividend except. The answer is OPTION C
A board of directors decision, enough cash, and enough retained profits are required in order to pay a cash dividend. A cash dividend has four dates connected with it. When a company issues a dividend, it credits a liability account called dividend payable and debits its retained earnings.
The business reverses the dividend due with a debit entry on the day of payment and credits its cash account for the associated cash outflow. First, there needs to be enough money on hand to cover the payout payment. Second, the business must have enough retained earnings, or sufficient residual assets, to cover the dividend so that, upon declaration. The answer is OPTION C
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clutch auto parts enters into a contract with bio health club for discounted memberships for clutch's employees. bio breaches the contract and clutch enters into a contract with apex fitness for the same service at a lower price. clutch might be awarded nominal damages to
Bio breaches the contract and clutch enters into a contract with apex fitness for the same service To prove that Bio acted improperly on principle, Clutch might be given insignificant damages.
What kind of agreement exists when the sale itself is subject to approval between contractual parties?An agreement between parties that a sale will happen once all conditions are met is known as a contingency contract. Simply put, it indicates that every detail, including the contingencies, has been agreed to by the buyer and the seller.
What impact does a counteroffer have under the contract act?A counter offer causes the initial offer to be rejected and results in the formation of a new offer. The original offeree cannot thereafter accept the original offer because it has been revoked once he makes a counter offer.
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suppose you are an sme with limited financial resources. in view of that, your best choice for entering foreign markets would be:
If you are an SME with limited financial resources, the best choice for entering foreign markets would be to utilize the internet to target global customers.
Explanation :
The world has become a global market, and businesses are seeking to enter international markets to gain access to a larger consumer base. However, expanding your company overseas can be a costly endeavor.
Therefore, small and medium-sized businesses (SMEs) must be careful in selecting the appropriate approach to enter foreign markets. An SME with limited financial resources has a few choices for entering foreign markets, such as using distributors or establishing partnerships.
However, the most cost-effective method for an SME to enter foreign markets is to utilize the internet to target global customers. As a result, you can choose the best choice for entering foreign markets that is also cost-effective.
To sum up, SMEs with limited financial resources should utilize the internet to target global customers if they wish to enter foreign markets.
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- could autoliv make any changes to its general rules of conduct, anti-harassment policy, or computer aup that would make employee e-mail responsibilities clear?
Yes, Autoliv could make changes to its general rules of conduct, anti-harassment policy, and computer AUP to make employee e-mail responsibilities more clear.
What is anti-harassment policy?An anti-harassment policy is a document that outlines a company's commitment to providing a safe, respectful and professional work environment. It outlines the types of behavior that are not acceptable in the workplace, such as sexual harassment, discrimination, bullying, and any other conduct that creates a hostile work environment.
For example, Autoliv could add a specific section to its general rules of conduct that outlines expectations for professional and respectful e-mail conduct. This section could include language that stresses the importance of maintaining a professional and respectful tone in emails, avoiding the use of inappropriate language and images, and properly referencing resources and sources.
In addition, Autoliv could add a section to its anti-harassment policy that specifically addresses e-mail communication. This section could include language that prohibits the sending of any emails that are deemed to be harassing in nature.
Finally, Autoliv could add a section to its computer AUP that outlines employee e-mail responsibilities. This section could outline expectations such as not forwarding confidential information, not using e-mail for malicious purposes, and using the appropriate privacy settings when sending emails.
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Complete Question:
suppose a wave of investor and consumer pessimism causes a reduction in spending. if the federal reserve chooses to engage in activist stabilization policy, it should a. increase government spending and decrease taxes. b. decrease government spending and increase taxes. c. increase the money supply and decrease interest rates. d. decrease the money supply and increase interest rates.
If a wave of investor and consumer pessimism causes a reduction in spending, and the Federal Reserve chooses to engage in activist stabilization policy, it should increase the money supply and decrease interest rates. Option C is correct.
This approach is known as expansionary monetary policy, which aims to stimulate economic activity by increasing the money supply and making credit more readily available through lower interest rates. By doing so, businesses and consumers are encouraged to borrow and spend more, which in turn can boost economic growth and employment.
The other options listed are not effective in addressing a reduction in spending caused by investor and consumer pessimism. Option (a) suggests increasing government spending and decreasing taxes, which is a form of expansionary fiscal policy, but may not be effective if the underlying issue is a lack of spending in the private sector.
Option (b) suggests the opposite approach, which is contractionary fiscal policy, and may further dampen spending in the private sector. Option (d) suggests contractionary monetary policy, which is designed to combat inflation but may not be effective in a situation where the primary concern is a lack of spending.
Hence, C. increase the money supply and decrease interest rates is the correct option.
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the systematic risk principal says that the expected return on a risky asset depends only on that asset's total risk risk because idiosyncratic risk can be diversified away, investors shouldn't be compensated for holding idiosyncratic risk the expected return on any asset is not related to that asset's risk the expected return on an investment depends on the investor's personal risk tolerance none of the above
The systematic risk principle states that the expected return on a risky asset depends only on that asset's total risk.
This is because idiosyncratic risk, which is the risk that is unique to a specific company or asset, can be diversified away by investing in a diversified portfolio of assets. Therefore, investors should not be compensated for holding idiosyncratic risk.
The expected return on an asset is related to its risk, specifically its systematic risk, which is the risk that is inherent in the entire market or a particular asset class. Investors who take on more systematic risk by investing in riskier assets should expect to be compensated with higher expected returns to account for this additional risk.
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select all that apply which principles of internal control are incorrectly described? (select all that apply.) multiple select question. establish responsibilities - assign each task to only one employee document procedures - do not provide access to assets or information unless it is needed to fulfill the assigned task restrict access - prepare documents that show activities that have occurred segregate duties - do not make one employee responsible for all parts of a process independently verify - check others' work
The following principles of internal control are incorrectly described:
Establish responsibilities: Responsibilities should be assigned to multiple employees when possible, as this reduces the risk of any one person being able to commit fraud or theft.Internal control measures are designed to minimise the risk of errors, fraud, and theft.
Establishing responsibilities, documenting procedures, restricting access, segregating duties, and
independently verifying are all important components of an effective internal control system.
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what does it mean if sellers use blat to allocate goods and services? coercive force is used to allocate goods and services. goods flow to those who are most violent or have the most intimidating appearance. goods and services are allocated using a system based on informal connections and favors. selle
As sellers use blat to allocate goods and services, it means that goods and services are allocated using a system based on informal connections and favors. Blat is an informal system of reciprocal obligation and influence found in the Soviet Union. The correct option is C.
What is Blat?Blat refers to informal networks or connections between individuals that enable people to accomplish things through favors, help, or unofficial channels.
Blats emerged as a way to compensate for the inefficiencies and inadequacies of the centrally planned economy in the Soviet Union, where goods and services were often scarce or unavailable.
Individuals who had better connections or relationships with people in power or in charge of allocating resources had greater access to goods and services. In the absence of formal market mechanisms or legal channels to obtain goods and services, blat emerged as a means of getting things done through personal connections or favors.
Therefore, the correct option is C.
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a multinational firm considering doing business in a country undergoing a market transition should expect:
A multinational firm considering doing business in a country undergoing a market transition should expect several challenges and opportunities.
Market transitions refer to economic shifts from centrally planned to market-oriented systems. In such cases, businesses need to navigate changes in regulations, market dynamics, and competition.
1. Regulatory changes: As the country moves towards a market-oriented system, there might be new laws and regulations implemented. The multinational firm should expect to adapt to these regulatory changes and ensure compliance with local laws.
2. Market volatility: Market transitions often come with economic instability and fluctuating currency rates. The firm should be prepared to handle market volatility and implement strategies to mitigate risks.
3. Evolving consumer behavior: As the market evolves, so do consumer preferences and demands. The multinational firm should expect to adapt its products and services to meet local needs and preferences.
4. Increased competition: Market transitions often lead to an influx of new businesses and competitors, both local and international. The multinational firm should expect increased competition and should focus on differentiation to maintain a strong market presence.
5. Need for localization: To succeed in a transitioning market, the multinational firm should tailor its strategies, products, and services to local conditions, culture, and consumer preferences.
6. Developing infrastructure: The country may have an underdeveloped infrastructure, posing challenges for the firm's operations. The multinational firm should expect to invest in local infrastructure and collaborate with local partners to facilitate smooth operations.
In conclusion, a multinational firm entering a transitioning market should be prepared to navigate regulatory changes, market volatility, evolving consumer behavior, increased competition, localization, and developing infrastructure. By adapting to these challenges and leveraging opportunities, the firm can successfully establish a strong presence in the new market.
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g the ultimate purpose of assessing control risk is to contribute to the auditor's evaluation of the:
The ultimate purpose of assessing control risk is to contribute to the auditor's evaluation of the nature, timing, and extent of substantive procedures required to reduce detection risk to an acceptable level.
What is control risk?Control risk refers to the probability that a material misstatement will not be prevented, discovered, or corrected on time by the internal control system. Control risk, in other words, is a significant audit risk component.
It is related to a company's accounting system, procedures, and internal controls, as well as the effectiveness of these controls in detecting or preventing errors or fraud. The purpose of assessing control risk is to gather audit evidence about the performance of internal controls in order to provide assurance on the financial statements.
An auditor may use a combination of control testing and substantive testing to evaluate control risk. These procedures, when conducted together, give the auditor a more comprehensive understanding of the internal control system's effectiveness in identifying and preventing material misstatements from occurring.
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Which is a typical occurrence in a free enterprise system?
a: a person chooses to start a new restaurant
b: a person is told by the government to manufacture cups
c: a person is prevented by authorities from opening a dry cleaner
d: a person uses a traditional method of farming
The correct answer is a: a person chooses to start a new restaurant. A free enterprise system, also known as a capitalist or market economy.
A free enterprise system, also known as a capitalist or market economy, is an economic system in which individuals and businesses are free to produce and exchange goods and services in a competitive market without significant government intervention. In a free enterprise system, individuals have the freedom to pursue their economic self-interest, make choices, and take risks.
Therefore, it is a typical occurrence in a free enterprise system for a person to choose to start a new business, such as a restaurant. This person would be free to make decisions about the type of food they serve, the prices they charge, and how they market their restaurant, among other factors. This person would also be responsible for managing the risks and rewards associated with their business venture.
In contrast, options b and c involve government intervention in the economy, which is not a typical occurrence in a free enterprise system. Option d, using a traditional method of farming, is not necessarily indicative of a free enterprise system, as the economic system in a particular country can vary based on a variety of factors beyond the type of farming methods used.
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Which of the following are included in expansionary monetary policy? (Select all that are correct)
A increase discount rate
B increase federal funds rate
C increase reserve requirement
D buy bonds
E decrease discount rate
F decrease reserve requirement
G decrease government expenditures
H sell bonds
Answer:
Increase in discount rates
in june, the actual number of machine-hours was 9,300, the actual supplies cost was $19,760, the actual power cost was $35,720, the actual salaries cost was $27,130, and the actual equipment depreciation was $39,430. the spending variance for power cost in the flexible budget performance report for the month should be:
For the provided set of accounting information, it may be ascertained that the spending variance for the month of June will be $380.
The computation for spending variance of June month can be ascertained using the given values, and input of these values into the generalized formula,
Spending Variance June = Actual Power Costs – Budgeted Power Costs
Spending Variance June = 35,720 – 35340
Spending Variance June = 380
Therefore, the Spending Variance for June will be $380 from the budgeted power costs.
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Complete question
Question: Medlar Corporation's Static Planning Budget For June Appears Below. The Company Bases Its Budgets On Machine-Hours. Budgeted Number Of Machine-Hours $
Medlar Corporation's static planning budget for June appears below. The company bases its budgets on machine-hours.
Budgeted number of machine-hours 8,900
Supplies at $2.20 per machine-hour 19,580
Power at $3.80 per machine-hour 33,820
Salaries 26,700
Equipment depreciation 39,160
Total $ 119,260
In June, the actual number of machine-hours was 9,300, the actual supplies cost was $19,760, the actual power cost was $35,720, the actual salaries cost was $27,130, and the actual equipment depreciation was $39,430.
The spending variance for power cost in the flexible budget performance report for the month should be:
a department adds materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. for the month of january, there were no units in the beginning work in process inventory; 90,000 units were started into production in january; and there were 20,000 units that were 40% complete in the ending work in process inventory at the end of january. what were the equivalent units of production for conversion costs for the month of january?
The equivalent units of production for conversion costs for the month of January are 98,000.
To determine the equivalent units of production, you will have to calculate the number of units that are fully completed, and the number of units that are partially complete.
The equivalent units of production (EUP) for the conversion costs for the month of January are 90,000 units (started and completed) + (20,000 units x 40%) = 90,000 + 8,000 = 98,000 equivalent units of production for conversion costs.
What are conversion costs?Conversion costs are the total cost incurred by a manufacturing company to convert raw materials into finished products. These costs include direct labor, direct overhead, and indirect overhead.
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m corporation has an employee benefit plan for compensated absences that gives each employee 15 paid vacation days. vacation days can be carried over indefinitely. employees can elect to receive payment in lieu of vacation days. at december 31, 2024, m's unadjusted balance of liability for compensated absences was $37,200. m estimated that there were 200 total vacation days available at december 31, 2024. m's employees earn an average of $186 per day. in its december 31, 2024, balance sheet, what amount of liability for compensated absences is m required to report? multiple choice $37,200 $279,000 $0 $558,000
In its December 31, 2024, balance sheet, the amount of liability for compensated absences that M is required to report is $279,000.
According to the problem, each employee is entitled to 15 vacation days, and there are 200 vacation days available. Thus, there are 200/15 = 13.33 employees.
The $186 per day average pay rate is multiplied by 15 days per employee to determine the compensated absence liability for one worker.
This equates to $2,790 in compensated absence liability for one worker, as $186 x 15 = $2,790.
M, therefore, has $37,200 in unadjusted liability, which represents a liability of $2,790 per worker.
As a result, the number of workers at M is calculated to be 13.33.
Then multiply $2,790 by 13.33 to get $37,200.
The following formula should be used to determine the compensated absence liability on the balance sheet:
Compensated absence liability = Employee's daily pay rate x Number of unused vacation days x Number of employees
= $186 x 15 x 13.33= $37,196.20
The final answer is rounded to the nearest thousandth, which is $37,196. The $37,196 amount is then multiplied by the number of unused vacation days, 185, to obtain the correct compensated absence liability of $6,861,860. This amount is then multiplied by 2 (for the carried over unused vacation days), resulting in $13,723,720.
Finally, the $13,723,720 is added to the unadjusted balance of $37,200 to obtain the correct amount of liability for compensated absences of $279,000, which must be reported on M's December 31, 2024, balance sheet.
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porter's study identified components of the german textile and apparel sector: cotton, wool, synthetic fibers, sewing machine needles, textile machinery. these were all successful industries in a single country that grouped into related industries. this grouping is an example of a(
Porter's grouping is an example of an industry cluster. An industry cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field that can lead to increased efficiency, innovative products, and new technologies in the sector.
Industry clusters are geographic concentrations of interconnected businesses, suppliers, and associated institutions in a particular field. These clusters typically involve firms in the same industry or related industries, often within the same geographic region.
Porter's study identified components of the German textile and apparel sector, such as cotton, wool, synthetic fibers, sewing machine needles, and textile machinery, which were all successful industries in a single country that grouped into related industries.
An industry cluster is advantageous to all involved businesses and the overall region, as there is a wealth of resources and ideas to draw from and foster growth in the industry. Local businesses are able to draw upon and benefit from the shared infrastructure and local markets, the cluster's collective knowledge, local access to specialized inputs and labor, the presence of related businesses, and the presence of related institutions.
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The complete question is:
Porter's study identified components of the German textile and apparel sector: cotton, wool, synthetic fibers, sewing machine needles, and textile machinery. These were all successful industries in a single country that grouped into related industries. This grouping is an example of a(n)ples of basic factors of production as identified by Porter:
describe what needs each of the three types of businesses (proprietorship, partnership, and corporation) addresses.
Proprietorship: A proprietorship is the most basic type of company organization since it has the least amount of government intervention and just one person controls it, reaping the benefits of all profits while being accountable for these damages.
Partnership: A partnership is a type of commercial organization in which a number of individuals engage in an industry and split earnings and losses according to an agreement.
Corporations are a type of commercial organization in which people or organizations collaborate. This type of corporate structure has the advantage of restricted liability.
Financial information consumers were classified into two groups: process of integrating and authorized stakeholders. Internal users include management, personnel, and business owners. Creditors, bankers, and financiers, on the opposing hand, are external users.
Users' roles: Owners oversee and regulate an organization's actions. Workers provide their skills in order to achieve the organization's common aims. Financial data is used by executives to create strategies and choices.
Creditor provides items on credit or examines the company's financial status. Banks give cash to businesses and examine a bank's stability through its financial accounts. Investors invest cash together into firm and concentrate on its profitability in order to maximize their returns.
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many distributors use computer chips that are attached to shipping cartons and allow the contents to be scanned and automatically counted as they are received. these chips are called?
a. Radio Frequency Identification Tags
b. Floor Ready Merchandise
c. Cross-Docking Distribution Center
The chips that are attached to shipping cartons and allow the contents to be scanned and automatically counted as they are received are called Radio Frequency Identification (RFID) tags.
Radio Frequency Identification (RFID) technology uses radio waves to transmit information from an RFID tag to a reader. The tag contains a microchip and an antenna, which enable it to communicate with the reader. RFID tags are widely used in supply chain management and logistics to improve inventory accuracy, reduce labor costs, and increase operational efficiency. When RFID tags are attached to shipping cartons, they can be used to track the movement of goods throughout the supply chain, from the manufacturer to the distributor to the retailer. By scanning the RFID tags, distributors can quickly and accurately identify the contents of a shipment, verify that the correct items have been received, and update inventory records in real-time. This helps to streamline the receiving process and reduces the likelihood of errors or discrepancies in inventory counts. In summary, RFID tags are an important technology for supply chain management and logistics, enabling more accurate and efficient tracking of goods throughout the distribution process.
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alessa is the new hr manager at turner times. she meets with the company's leaders to discuss how she intends to support business objectives. alessa tells them that turner times has a performance management process that delivers reliable performance ratings, but it needs to be more strategic. which action would best make performance management more strategic?
Alessa can make performance management more strategic by aligning individual goals with the company's overall objectives, incorporating regular feedback and coaching, and using data to inform decision-making and drive improvement.
In order to guarantee that workers are working towards the same aims and objectives as the firm, individual goals should be in line with the latter. This will promote the accomplishment of the latter. By giving employees a clear knowledge of how their job contributes to the success of the firm, this alignment also helps to enhance employee engagement and motivation. For successful performance management, regular coaching and feedback must be included. Employees may better understand their strengths and areas for growth with frequent feedback, while coaching gives them the direction and support they need to advance their careers. This strategy also enables managers to spot potential performance-related concerns and take the necessary steps to rectify them.
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summit products, incorporated is interested in producing and selling an improved widget. market research indicates that customers would be willing to pay $94 for such a widget and that 54,000 units could be sold each year at this price. the current cost to produce the widget is estimated to be $58. if summit products requires a 20% return on sales to undertake production, what is the target cost for the new widget?
The target cost for the new widget for Summit Products Inc. to achieve a 20% return on sales is $73.20.
This can be calculated by taking the selling price of $94 and subtracting the desired return of 20% ($94 x 0.2 = $18.80). $94 - $18.80 = $73.20.
This means that Summit Products Inc. must reduce the production cost to $73.20 in order to make a profit of 20% from each unit sold. If the current cost to produce the widget is $58, then the company must make an effort to reduce the cost by $15.20 in order to achieve the desired 20% return on sales.
This could be done by finding cheaper materials, production processes, or labour costs. It is also possible to increase the selling price of the product if the market research indicates that customers would be willing to pay more.
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the firm will maximize profit in the short run if it (a) shuts down and the price is $10 (b) produces 30 units and the price is $4 (c) producese 30 units and the price is $10 (d) produces 54 units and the price is $4 (e) produces 85 units and the price is $10
Profit maximization in the short run when produces 30 units and the price is $10.
A firm maximizes profits by supplying the level of output at which its marginal revenue equals its marginal cost. When marginal revenue exceeds marginal cost, the firm can increase output to earn more profits.
Profit = Total revenue - Total expense is the profit maximization formula. As a result, when MR = MC, which is the first order, and the second order is dependent on the first order, a firm maximizes profit.
When the marginal cost equals the marginal product, all firms maximize profits. This figure should also serve as the selling price to maximize earnings.
Profit or Loss in the Short Term
A monopolistically competitive firm optimizes profit or avoids losses in the near run by producing the quantity where marginal revenue = marginal cost.
If average total cost is below the market price, then the firm will earn an economic profit.
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a contract electronics manufacturer knows that the theoretical flow time for production of one circuit board is 45 minutes. it produces 250 of these an hour. its average flow time for the production of a circuit board is 180 minutes. the theoretical inventory is:
The theoretical inventory is 11250 circuit boards an hour.
This inventory is calculated on the basis of the ideal or theoretical time taken to manufacture the product
. This inventory is calculated to measure the capacity of the system to create the product. Real inventory: This inventory is calculated by the actual time taken to manufacture the product.
This inventory is calculated to measure the actual time and resources required to manufacture the product. Given data: The theoretical flow time for production of one circuit board is 45 minutes. It produces 250 of these an hour. Its average flow time for the production of a circuit board is 180 minutes.
Theoretical flow time = 45 minutes Theoretical rate of production = 250 circuit boards an hour Theoretical inventory = 250 x 45= 11250 circuit boards an hour Average flow time = 180 minutes In one hour, 60/180 circuit boards can be produced.
In one hour, actual rate of production = 250 - (60/180) = 249.67Actual inventory = (Actual rate of production) x (Actual flow time)Now, actual flow time = average flow time = 180 minutes Actual inventory = 249.67 x 180= 44941.2 circuit boards an hour
Therefore, the theoretical inventory is 11250 circuit boards an hour.
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if a company barrows money at a rate of 1% per month what would we used as an interest rate to evaluate company projects?
If a company borrows money at a rate of 1% per month, the interest rate used to evaluate company project is the monthly interest rate of 1%. This is because the company is paying 1% interest on the amount borrowed each month.
However, it's important to note that when evaluating a project's profitability, the interest rate used is typically the project's cost of capital. This takes into account not just the interest rate paid on borrowing money, but also other factors such as the company's risk and the expected return on investment.
For example, if a company has a cost of capital of 10%, this means that any project the company undertakes must generate a return of at least 10% in order to be considered profitable.
So even if the company borrows money at a low interest rate of 1%, it may still not be worth pursuing a project if the expected return on investment is below the company's cost of capital.
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simon recently received a credit card with an 18% nominal interest rate. with the card, he purchases an apple iphone 7 for $699. the minimum payment on the card is only $20 per month. if simon makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the card? round to the nearest month.
It will take Simon 34 months to pay off his credit card by paying $20 per month.
The amount due on Simon's card after the purchase is $699. He needs to pay $20 every month. We can solve the question using the following steps:
1. Determine the monthly interest rate The nominal rate is 18%. This is the yearly rate. The monthly interest rate will be:18% / 12 = 1.5%
2. Calculate the minimum monthly interest charge The interest rate is 1.5%.The remaining balance after the payment has been made is $699 - $20 = $679The interest rate charged on this amount is:$679 * 1.5% = $10.19So, the minimum monthly payment for Simon is $20 + $10.19 = $30.19He will pay $30.19 each month, out of which $10.19 goes toward interest and $20 goes toward the principal.
3. Determine the number of months it will take to pay off the credit card Calculate how many months it will take Simon to pay off the card using the following formula:$679 / $20 = 33.95The result is rounded to the nearest month, so it will take Simon 34 months to pay off his credit card.
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the explosive growth in global trade means that large corporations are hiring americans of mixed cultural backgrounds. for example, first-generation americans of immigrant parents may speak two or more languages well. to deal with firms in other countries, large corporations benefit from
The explosive growth in global trade has opened up opportunities for large corporations to hire Americans of mixed cultural backgrounds. For example, many first-generation Americans of immigrant parents may be multilingual, which can be beneficial in dealing with firms from other countries.
Having employees with multiple languages can give companies an edge in the global market, as they are better able to communicate with their customers and better understand the culture of different countries.
Companies must also be aware of cultural differences that may exist between different countries. Language barriers may create misunderstandings or lead to inaccurate communication, which can have an effect on the outcome of any business venture. Additionally, companies need to be sensitive to the cultural norms of different countries in order to ensure that their products or services are accepted by the local market.
Large corporations must also ensure that they are taking into account any legal and financial implications of hiring personnel from different countries. This includes understanding and complying with local laws, regulations, and standards, as well as setting up proper visa, work permit, and tax requirements. Companies also need to be aware of any intellectual property rights that may exist for their products or services, in order to prevent the misuse of their products or services.
Overall, the explosive growth in global trade has opened up a number of opportunities for large corporations to hire personnel from different cultural backgrounds. Companies must be aware of cultural differences, as well as legal and financial implications, in order to take full advantage of this opportunity.
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