The payroll journal entries for April for Fulton Corporation are given below.
To prepare the payroll journal entries for April, we will use the information provided in the problem to record the different types of payroll-related costs. We will use the following terms in our answer: Gross pay, Social Security & Medicare tax, state income tax, federal income tax, retirement contributions, group health insurance, and unemployment taxes.
1. Record the gross pay of employees:
Dr. Salary Expense $540,000
Cr. Cash $540,000
2. Record the Social Security & Medicare tax withheld:
Dr. Salary Expense $32,000
Cr. Social Security & Medicare Tax Payable $32,000
3. Record the state income tax withheld:
Dr. Salary Expense $47,000
Cr. State Income Tax Payable $47,000
4. Record the federal income tax withheld:
Dr. Salary Expense $65,000
Cr. Federal Income Tax Payable $65,000
5. Record the retirement contributions withheld:
Dr. Salary Expense $39,000
Cr. Retirement Contributions Payable $39,000
6. Record the group health insurance payments withheld:
Dr. Salary Expense $28,000
Cr. Group Health Insurance Payable $28,000
7. Record the group health insurance benefits paid by the company:
Dr. Group Health Insurance Expense $41,000
Cr. Cash $41,000
8. Record the retirement benefits paid by the company:
Dr. Retirement Benefits Expense $24,000
Cr. Cash $24,000
9. Record the federal and state unemployment taxes:
Dr. Unemployment Tax Expense $9,000
Cr. Federal Unemployment Tax Payable $4,500
Cr. State Unemployment Tax Payable $4,500
10. Record the company's matching contribution for Social Security & Medicare taxes:
Dr. Social Security & Medicare Tax Expense $32,000
Cr. Social Security & Medicare Tax Payable $32,000
These are the payroll journal entries for April for Fulton Corporation.
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An aggressive working capital policy:
A. Uses more short-term financing than long-term
B. Uses short-term financing to support only the temporary working capital
C. Supports a portion of permanent working capital with short-term financing
D. Both A and B
E. Both A and C
An aggressive working capital policy uses more short-term financing than long-term and Supports a portion of permanent working capital with short-term financing. Therefore, the correct answer is E. Both A and C.
An aggressive working capital policy uses more short-term financing than long-term financing and also supports a portion of permanent working capital with short-term financing. This type of policy is used by companies who are willing to take on more risk in order to potentially achieve higher returns. By relying on short-term financing, a company can potentially reduce their overall financing costs, but they also run the risk of not being able to meet their short-term obligations if they run into financial difficulties.
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Luciano sells linguini imported from Italy in his restaurant shop. It takes about three weeks for the Italian company to ship an order. The fixed costs of ordering are about $75.00 for bookkeeping expenses. The linguini costs Luciano $2.00 per packet and may be purchased in any quantity. Luciano states that his holding costs are based on a 20% annual rate. However, the demand for linguini has been uncertain, but looking at past data, the shop feels confident that weekly demand for linguini is normal with mean 12 and standard deviation of 8. Assume there are 52 weeks per year. The cost of loss of goodwill is estimated in $8/ packet. 1. Determine the optimal order quantity (Q) for this inventory system and Replenishment Level (R) using a Q, R model. 2. What is the optimal safety stock for this inventory system? 3. What is the total cost for this inventory system? 4. Suppose that a Type 2 service objective of 95 percent is substituted for the stock out cost of $8.
The fixed costs of ordering are about $75.00 for bookkeeping expenses. The linguini costs Luciano $2.00 per packet and may be purchased in any quantity. Luciano states that his holding costs are based on a 20% annual rate.
However, the demand for linguini has been uncertain, but looking at past data, the shop feels confident that weekly demand for linguini is normal with mean 12 and standard deviation of 8.
Assume there are 52 weeks per year. The cost of loss of goodwill is estimated in $8/ packet.
To answer your question, the optimal order quantity (Q) and replenishment level (R) can be determined using a Q, R model.
Q is calculated by taking the mean demand per week (12) multiplied by the order cycle length (3) and adding the safety stock (SS) to that value:
Q = 12 x 3 + SS.
The optimal R value is equal to the mean demand per week (12). The optimal safety stock for this inventory system can be determined by using the formula:
SS = Z x σ x √(t/T),
Where Z is the z-score (1.645 for a 95% confidence level), σ is the standard deviation of demand (8), t is the order cycle length (3) and T is the total number of weeks in the year (52).
So, SS = 1.645 x 8 x √(3/52) = 6.87 packets.
The total cost for this inventory system is equal to the sum of the fixed cost of ordering ($75) plus the ordering cost (Q x $2 per packet) plus the holding cost (Q x 20% annual rate) plus the stock out cost (R x $8).
Finally, if a Type 2 service objective of 95 percent is substituted for the stock out cost of $8, the total cost for this inventory system would remain the same.
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2. Describe what a supply curve looks like.
A supply curve is a graphical representation of the relationship between the quantity of a good or service that producers are willing to sell and the price of that good or service. The curve is typically upward-sloping, meaning that as the price of the good or service increases, the quantity supplied by producers also increases.
How does the supply curve shift?Supply curve shift: Modifications in manufacturing costs and related variables might result in a whole supply curve moving to the right or left. This results in the supply of a higher or lower quantity at a specific price. The ceteris paribus premise states that supply curves link prices and quantities delivered under the premise that nothing else changes.
The curve is typically drawn on a graph with price on the vertical axis and quantity on the horizontal axis. The specific shape of the curve can vary depending on the characteristics of the market and the nature of the good or service being sold. In some cases, the curve may be relatively flat or steep, indicating a more or less elastic supply, respectively.
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Discuss the Sarbanes-Oxley Act and its effect and challenges to
business as a whole.
The Sarbanes-Oxley Act (SOX) is a law that was enacted in 2002 in response to a series of corporate scandals, including the collapse of Enron and WorldCom. The goal of the act is to increase corporate accountability and prevent fraud by requiring companies to adhere to stricter financial reporting and auditing standards.
One of the main effects of the Sarbanes-Oxley Act on businesses is that it requires companies to implement internal controls to ensure the accuracy of their financial reporting. This includes creating an independent audit committee, hiring an external auditor, and implementing controls to prevent fraud and detect errors. The act also requires CEOs and CFOs to personally certify the accuracy of their company's financial statements.
While the Sarbanes-Oxley Act has helped to increase corporate accountability and prevent fraud, it has also created some challenges for businesses. One of the biggest challenges is the cost of compliance, which can be particularly burdensome for smaller companies. The act also imposes strict penalties for non-compliance, which can create a fear of legal liability for executives and board members.
Overall, the Sarbanes-Oxley Act has had a significant impact on businesses, helping to increase corporate accountability and prevent fraud. However, it has also created some challenges, including the cost of compliance and the fear of legal liability.
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what should you be aware of when looking at for-profit trade schools explain your reasoning
Explanation:
One of the simplest ways to find out more information about a trade school is to speak with the instructors. It is crucial to take into account the kinds of trades that are provided at this particular school. Particularly if it is preparing you for a career, school can be expensive. However, compared to more conventional Bachelor's degrees, attending trade school could save you tens of thousands of dollars. Before selecting a trade school, you should also think about the type of coursework you will be taking. Last but not least, make sure the trade school you select is accredited. Accreditation indicates that the institution satisfies the accreditor's standards and that the programs have been evaluated by peers in the industry.
i hope this helps. :)
Consider the following two investment opportunities: a stock fund and a bond fund with E(rS)=0.20, σS=0.27, E(rB)=0.12, σB=0.15. The correlation coefficient between the two funds is 0.10. The expected rate of return of the minimum variance portfolio is _______%. (Please round your answer to the nearest first decimal place and note that a return of 0.251 should be expressed as 25.1%.)
The expected rate of return of the minimum variance portfolio is 17.1%.
The expected rate of return of the minimum variance portfolio can be calculated using the following formula:
E(rP) = wS * E(rS) + wB * E(rB)
Where:
E(rP) is the expected rate of return of the portfolio
wS is the weight of the stock fund in the portfolio
E(rS) is the expected rate of return of the stock fund
wB is the weight of the bond fund in the portfolio
E(rB) is the expected rate of return of the bond fund
To find the weights of the stock and bond funds in the minimum variance portfolio, we can use the following formulas:
wS = (σB^2 - ρSB * σS * σB) / (σS^2 + σB^2 - 2 * ρSB * σS * σB)
wB = 1 - wS
Where:
σS is the standard deviation of the stock fund
σB is the standard deviation of the bond fund
ρSB is the correlation coefficient between the stock and bond funds
Plugging in the given values:
wS = (0.15^2 - 0.10 * 0.27 * 0.15) / (0.27^2 + 0.15^2 - 2 * 0.10 * 0.27 * 0.15) = 0.64
wB = 1 - 0.64 = 0.36
Now we can plug these weights into the formula for the expected rate of return of the portfolio:
E(rP) = 0.64 * 0.20 + 0.36 * 0.12 = 0.1712
Therefore, the expected rate of return of the minimum variance portfolio is 17.1%.
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Which do you prefer: a bank account that pays 5.6% per year (EAR) for three years ora. An account that pays 2.9%every six months for three years? b. An account that pays 8.2% every 18 months for three years? c. An account that pays 0.36% per month for three years?
(Note: Compare your current bank EAR with each of the three alternative accounts. Be careful not to round any intermediate steps less than six decimal places.)
The account that pays 8.2% every 18 months for three years would be the most profitable option.
To compare the different accounts, we need to calculate their equivalent annual rate (EAR), which takes into account the compounding effect of the interest. Here are the calculations:
a. The bank account that pays 5.6% per year (EAR) for three years has an effective rate of 1.0188^3 - 1 = 0.1757 or 17.57%.
a. The account that pays 2.9% every six months for three years has an effective rate of (1+0.029/2)^6 - 1 = 0.0595 or 5.95% per half-year. To get the EAR, we need to compound this rate twice: (1+0.0595)^2 - 1 = 0.1213 or 12.13%.
b. The account that pays 8.2% every 18 months for three years has an effective rate of (1+0.082)^2 - 1 = 0.1722 or 17.22%.
c. The account that pays 0.36% per month for three years has an effective rate of (1+0.0036)^12 - 1 = 0.0448 or 4.48% per month. To get the EAR, we need to compound this rate twelve times: (1+0.0448)^12 - 1 = 0.6088 or 60.88%.
Therefore, b. the account that pays 8.2% every 18 months for three years has the highest effective rate among the four options, making it the most profitable choice.
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John sold his 2nd-hand car to Marie for P200,000. They agreed that John will pay half of the purchase price, or P100,000, upon delivery of the said car to Marie, and the balance of P100,000 shall be paid in five (5) equal monthly installments of P20,000 each. The car was delivered to Marie, and she paid P100,000 to John. Shortly thereafter, the car was stolen from Marie’s garage without her fault and was never recovered. Is Marie still legally bound to pay John the unpaid balance of P100,000? Explain your answer.
Please include the applicable articles.
Under Article 1496 of the Civil Code of the Philippines, "the ownership of the thing sold is transferred to the vendee upon the actual or constructive delivery thereof." In this case, the car was already delivered to Marie, and she has already paid P100,000 of the purchase price. Therefore, the ownership of the car has already been transferred to her.
However, under Article 1262 of the Civil Code of the Philippines, "an obligation which consists in the delivery of a determinate thing shall be extinguished if it should be lost or destroyed without the fault of the debtor, and before he has incurred in delay." Since the car was stolen from Marie's garage without her fault, and before she has incurred in delay in the payment of the balance, her obligation to pay the remaining P100,000 is extinguished.
Therefore, Marie is no longer legally bound to pay John the unpaid balance of P100,000.
In conclusion, John sold his 2nd-hand car to Marie for P200,000. They agreed that Marie will pay half of the purchase price upon delivery of the car, and the balance in five equal monthly installments. However, the car was stolen from Marie's garage without her fault, and before she has incurred in delay in the payment of the balance. Therefore, Marie is no longer legally bound to pay John the unpaid balance of P100,000, as provided under Article 1262 of the Civil Code of the Philippines.
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Why does it say I have 3 days left?
Answer:
i think you got the 7 days for free thing by acident
Explanation:
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Explanation:
Which best describes the social function of celebrity described by Markham (2017) and Couldry (2012)?Select one:a.To distract society from its real problems associated with inequalityb.To provide a mass ritual for the negotiation of social valuesc.To fill the pages of newspapers cheaplyd.To celebrate the achievements of ordinary people
According to Markham (2017) and Couldry (2012), the social function of celebrity that best describes is to provide a mass ritual for the negotiation of social values (option b).
Celebrities have a significant impact on society and are often seen as role models. They are often used to promote certain values and ideals, and their actions and opinions can influence the way that people think and behave. Markham (2017) and Couldry (2012) argue that celebrities play a crucial role in the negotiation of social values, as they are often at the forefront of discussions about what is acceptable and unacceptable in society. Through their actions and the way they present themselves, celebrities help to shape the way that people think about issues such as gender, race, and class.
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Qustion#3 [4+6]
(a) ‘Impact of culture is pervasive.’- Explain the statement.
(b) What are some particularly troublesome problems caused by
language in foreign marketing? Discuss.
(a) The statement 'Impact of culture is pervasive' implies that culture has a significant influence on individuals, organizations and societies.
(b) One particular problem caused by language in foreign marketing is the difficulty in conveying complex concepts.
Cultural norms and values shape the behaviour, beliefs and practices of people, organizations and countries. This means that culture affects every aspect of our lives and has a far-reaching impact on how we perceive and interact with others.
(a) The statement 'Impact of culture is pervasive' implies that culture has a significant influence on individuals, organizations and societies.
(b) One particular problem caused by language in foreign marketing is the difficulty in conveying complex concepts.
Even if the same language is spoken in two different countries, there may be significant differences in the meaning and usage of words, making it difficult to communicate effectively with foreign customers.
Additionally, cultural differences in communication styles can make it difficult to understand or appreciate foreign marketing messages, as the message may be interpreted differently from the way it was intended.
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If there is a price ceiling of $150, deadweight loss is, in numerals, ______. (do not include the dollar sign in your answer. )
In reference to what the graph shows the market for bicycles. If there is a price ceiling of $150, then, the deadweight loss is, in numerals, $200.
What does dead-weight loss means and its use?In economic, deadweight loss is used to describe the loss of economic efficiency that occurs when the allocation of resources is not optimized. Specifically, it refers to the reduction in total societal welfare that results from market inefficiencies, such as taxes or subsidies, that distort the price signals between buyers and sellers.
The concept of deadweight loss is important because it highlights the economic cost of market distortions and can inform policymakers on the potential impacts of interventions. For example, a tax on a good may increase revenue for the government, but it may also create a deadweight loss by reducing the quantity of the good that is bought and sold in the market.
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Stear Corp. paid $35,000 as dividends to its shareholders for an accounting period. What is the entry in the journal of the company?
A.
Dividend Account (debit) 35,000; Cash Account (credit) 35,000
B.
Cash Account (debit) 35,000; Dividend Account (credit) 35,000
C.
Dividend Account (debit) 35,000; Shares Account (credit) 35,000
D.
Shares Account (debit) 35,000; Cash Account (credit) 35,000
E.
Shares Account (debit) 35,000; Dividend Account (credit) 35,000
"Debit:" is the entry that must be made in order to close the dividend account. $35,000 in credit and retained earnings: The journal transaction indicated that dividend expense was $35,000. Option A is correct .
What exactly is a dividend account?The sub-account that is used to receive and hold cash dividends paid by the Plan Sponsor on Employer Securities held by the Plan until they are distributed or invested in Employer Securities is referred to as the Dividend Account. The Dividend Account will be treated in the same way as the Employer Securities Account for all Plan purposes, including diversification, upon investment in Employer Securities. "Debit:" is the necessary entry to close the dividend account. Credit and retained earnings of $35,000: based on the journal transaction, dividend expense was $35,000.
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The purpose of synthesizing information is to:
prove that your facts are the most relevant facts to support your thesis or claim.
think critically about information from many sources and use that evidence to support a claim, thesis or larger idea that may not be stated directly (but you can show us through evidence how you came to your big, new idea).
state one fact from one source to focus on one detail to support a claim, main idea, or thesis.
Students can combine information from several sources by information synthesising it. When these sources are merged, a single, coherent notion is produced. This is often how students are introduced to new concepts, theories, and knowledge in the classroom.
What is the information that is being synthesised?Information synthesis is the act of reviewing and comparing data from diverse sources, drawing connections between the data, and fusing the newly discovered data with previously known data to produce something new.
As you synthesise knowledge, you select particular concepts and take them into account in order to comprehend how they compare, contrast, and relate to one another. To produce a whole through synthesis, many components are combined.
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Complete the following sentence.
A traditional cover letter's format includes an introduction, a ______ and a ______ paragraph.
Answer:
body, closing
That was easy
Explanation:
When bonds are issued at a discount, the total interestcost to the issuing corporation equals the interest payments minusthe bond discount.Required:True? or False? Explain your answer!
The given statement "when bonds are issued at a discount, the total interest cost to the issuing corporation equals the interest payments minus the bond discount" is true because the total interest cost to the issuing corporation when bonds are issued at a discount equals the interest payments minus the bond discount.
This is because the bond discount represents the difference between the amount that the corporation receives when it issues the bonds and the amount that it has to repay when the bonds mature. Therefore, the total interest cost to the corporation is the amount of the interest payments minus the amount of the bond discount.
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The current price of a non-dividend-paying stock is $50 per share. The prices of European call and put options written on the stock with strike price $50 and expiring in 6 months are $10 and $6, respectively. The risk-free rate is currently 8% per year with continuous compounding. Please explain briefly if there is an arbitrage opportunity, and if so, how would take advantage of it. Be precise as to what instruments you would buy and sell, and in which quantities.
You can earn a risk-free profit of $1.98 by taking advantage of this arbitrage opportunity.
There is an arbitrage opportunity in this scenario. Here's how you can take advantage of it:
1. Buy one European put option for $6.
2. Sell one European call option for $10.
3. Buy one share of the stock for $50.
4. Borrow $50 at the risk-free rate of 8% per year with continuous compounding.
At expiration, the value of the put option will be max(0, $50 - $50) = $0, and the value of the call option will be max(0, $50 - $50) = $0. The value of the stock will be $50, and the value of the borrowed money will be $50 * e^(0.08 * 0.5) = $52.02.
So, your total profit will be:
Profit = -$6 + $10 - $50 + $50 - $52.02 = $1.98
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dale runs a very successful business and often feels as if there is not enough time in the day to accomplish everything that he needs to. He has always struggled with time management and has decided to start employing some strategies that other successful entrepreneurs use to manage their time better. What is one strategy that dale might use to do this?
Time management boosts a company's productivity and effectiveness, thus business owners should always work on building or improving it.
What exactly does time management entail?Planning and exercising deliberate control over the amount of time spent on particular tasks, especially to boost effectiveness, efficiency, and productivity, is the practise of time management.
The practise of controlling and arranging how to split your time between various activities is known as time management. If you execute it correctly, you'll find that you work more efficiently and effectively to complete more tasks in less time, even under time constraints and heavy pressure. The most successful people have great time management skills.
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For each of the three main business strategies that were employed by Maybank to achieve its objective of becoming a ‘leading regional financial services group’ –namely, acquisition, internationalization and organic growth –what are the main human resources strategies that were applied?
Maybank employed three main business strategies to achieve its objective of becoming a "leading regional financial services group." These strategies included acquisition, internationalization, and organic growth. Each of these strategies required different human resources strategies to be applied in order to be successful.
1. Acquisition: Maybank acquired several other financial services companies in order to expand its reach and capabilities. The main human resources strategy applied in this case was integration. Maybank needed to integrate the employees of the acquired companies into its own workforce, ensuring that they were properly trained and aligned with Maybank's values and culture.
2. Internationalization: Maybank expanded its operations into other countries, which required a different set of human resources strategies. The main strategy applied in this case was localization. Maybank needed to hire local employees who understood the local market and could help the company navigate the cultural and regulatory differences in each country.
3. Organic Growth: Maybank also focused on growing its business organically, which required a different set of human resources strategies. The main strategy applied in this case was talent development. Maybank needed to invest in training and development programs to help its employees acquire the skills and knowledge they needed to support the company's growth.
Overall, Maybank applied different human resources strategies depending on the business strategy it was pursuing. By doing so, the company was able to successfully achieve its objective of becoming a leading regional financial services group.
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Laurie Peterson
Founder of Build & Imagine toys
When Peterson started working for big toy companies more than 10 years ago, she wanted to get young girls excited about science. Somewhere along the way, she forgot her mission and found herself—like most in the industry—advocating for toys catering to boys simply because they’re more profitable. "The thinking was that if we design it for boys, then girls will just play too," she says. "But if we do the reverse and design it for girls, we don’t know if boys will play. The thing to do was, by default, design the toys for boys.
"I found that to be morally not right, but I absolutely advocated what I thought was right for the business, to lead with boys, because we found that to be a more sound business decision," continues Peterson. "There I was, year after year, representing this position that the best business decision we can make is to design toys for boys. I was never my authentic self because of that." Peterson has since founded her own toy company aimed at teaching STEM skills to both girls and boys, and featuring "adventurous leading female characters." "I now have the opportunity with my own startup to making up the rules, and we get to decide what’s important," she says. "We decided to take our industry’s standard and flip it on its head. Instead of designing products for boys and then looking for opportunities to invite girls to play, we’re designing for girls and then looking for opportunities to invite boys to play." The lesson: You need to be the change you want to see.Identify
- The Ethical Issue the leader faced
- Identify 2 negative outcomes of the Ethical Dilemma Analyse and provide your opinion.As a leader, what would you do differently to solve the dilemma?
1. The ethical issue that Laurie Peterson faced was the decision to prioritize profit over the mission to get young girls excited about science.
2. Two negative outcomes of this ethical dilemma were that Peterson was not able to be her authentic self and that she was perpetuating the gender bias in the toy industry by advocating for toys designed for boys.
This decision led her to advocate for toys catering to boys simply because they were more profitable, even though she found it morally wrong.
In my opinion, Peterson made the right decision in the end by starting her own toy company and focusing on designing toys for girls while also inviting boys to play. This decision not only allowed her to stay true to her mission and values, but also addressed the gender bias in the toy industry.
As a leader, I would have also tried to find a way to stay true to my values and mission while still making a sound business decision. This could include advocating for the creation of toys that appeal to both boys and girls or finding a way to market toys designed for girls in a way that also appeals to boys.
It is important for leaders to prioritize their values and mission while also making sound business decisions.
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Hong Kong fixes its exchange rate with the US$ at HK$7.8/US$, but the financial market expects a 40% chance of a 20% devaluation of the HK$ in the coming month, and a 60% chance of no devaluation. To maintain the fixed exchange rate at HK$7.8/US$, what is the required interest rate differential between the HK$ and US$ (measured in annual %)?
The required interest rate differential between the HK$ and US$ is 8.7% (measured in annual %) to maintain the fixed exchange rate at HK$7.8/US$.
To maintain the fixed exchange rate at HK$7.8/US$, the required interest rate differential between the HK$ and US$ can be calculated using the formula for uncovered interest rate parity (UIP):
UIP = [(1 + iHK$) / (1 + iUS$)] x Et/Et+1 = 1
Where iHK$ is the interest rate on HK$, iUS$ is the interest rate on US$, Et is the exchange rate at time t, and Et+1 is the expected exchange rate at time t+1.
Solving for the required interest rate differential:
[(1 + iHK$) / (1 + iUS$)] x [(7.8 x 0.6) + (7.8 x 0.4 x 0.8)] / 7.8 = 1
[(1 + iHK$) / (1 + iUS$)] x 0.92 = 1
[(1 + iHK$) / (1 + iUS$)] = 1.087
iHK$ = (1.087 x (1 + iUS$)) - 1
Assuming that the interest rate on US$ is 0, the required interest rate differential between the HK$ and US$ is:
iHK$ = (1.087 x 1) - 1 = 0.087 = 8.7%
Therefore, the required interest rate differential between the HK$ and US$ is 8.7% (measured in annual %) to maintain the fixed exchange rate at HK$7.8/US$.
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Consider the following situation: Olipop sends an email to its internal sales staff and account managers. Due to the success of the Olipop products, the email encourages sales employees to renegotiate pricing with their grocery retail partners before the new year when healthy eating trends are expected to increase. Leadership instructs sales staff to maintain a 10% return while negotiating. Which one pricing orientation is the company engaging in?Profit-orientedSales-orientedCompetitor-orientedCustomer-oriented
The pricing orientation that Olipop is engaging in is Profit-oriented.
This is because the company is focused on maintaining a 10% return while negotiating with their grocery retail partners. This shows that the company's primary goal is to maximize profits, rather than focusing on sales volume, competition, or customer satisfaction.
In a Profit-oriented pricing strategy, companies set prices with the goal of achieving a certain level of profit. This can be done by setting a specific profit margin, target return on investment, or a target return on sales.
In this case, Olipop is setting a target return of 10% while renegotiating pricing with their retail partners.
This indicates that the company's main focus is on maximizing profits, rather than other factors such as sales volume, competition, or customer satisfaction.
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Select all that apply.
Select the items that describe a consumer.
invents new products
weighs costs and benefits of buying decisions
demands goods and services
makes goods and services
makes decisions based on preferences
Sets demands for goods and services, decides what to buy based on preferences, and weighs the costs and benefits before making a purchase
The correct answer is A, B, D
What does service refer to?Any action or use that a client, business, or state is prepared to shell out for is considered a service. Examples include the work carried out by barbers, physicians, lawyers, mechanics, banking, insurance businesses, and others. Public services are those that are funded by society (a nation-state, fiscal union, or region) as a whole.
What does it entail to render a service?You are offering a service if you carry out tasks that benefit someone else. While your neighbor is hospitalized, you would be doing your neighbor's kids a favor by making them dinner. Several applications of service revolve around helping or serving another person.
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The correct question is
Select all that apply.
Select the items that describe a consumer.
a. demands goods and services
b. makes decisions based on preferences
c. invents new products
d. makes goods and services
e. weighs costs and benefits of buying decisions
TGA Processing plans to produce and sell an industrial product (can be consumed by human/animal) to its customers in West Malaysia. The factory consists of 5 departments: Storage, Production, Maintenance, Quality Control and Warehouse. The functions of the departments are as followed:
a. Storage: receiving, storing and preparing raw materials before production.
b. Production: carrying out different stages of processes in converting raw materials to competed product.
c. Maintenance: focusing mainly on the machines/tools/equipment used in Storage and Production departments.
d. Quality Control: checking the completed product to meet customer expectation/quality standard.
e. Warehouse: receiving approved completed product from production department and preparing for shipment.
TGA Processing plans to produce and sell an industrial product to customers in West Malaysia. The factory consists of 5 departments: Storage, Production, Maintenance, Quality Control, and Warehouse.
Here is an overview of each department of factory and its functions:
Storage: The Storage department receives, stores, and prepares raw materials before production.
Production: The Production department carries out different stages of processes in converting raw materials to the completed product.
Maintenance: The Maintenance department focuses mainly on the machines/tools/equipment used in the Storage and Production departments.
Quality Control: The Quality Control department checks the completed product to meet customer expectation/quality standards.
Warehouse: The Warehouse department receives approved completed product from the Production department and prepares for shipment.
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what did John,Harriet tubman and the other slaves try to tell Harriet white masters after church?
Harriet was illiterate, so she communicated with her fellow slaves by singing songs that white people couldn't comprehend. Secret codes were hidden in the lyrics of the songs.
Does communicating imply talking?
You share or exchange information with someone when you communicate with them, for example, by speaking, writing, or using equipment. It is also possible to claim that two persons converse. Messages can be verbal or nonverbal in human communication: A verbal message is an exchange of information via the use of words. Examples include face-to-face contact, telephone conversations, voicemails, email etc. A comment indicating approbation of one's articulation style. Very beautifully said. Very beautifully said. properly articulated.
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why diversity in the workplace is so important? list at leastthree strategies that may lead to greater diversity practices inthe organization
Diversity in the workplace is important for several reasons, It promotes creativity and innovation,It fosters inclusivity ,It helps companies attract and retain top talent.
1. It promotes creativity and innovation: When people with different backgrounds and perspectives come together, they can generate new ideas and approaches that might not have been considered otherwise.
2. It fosters inclusivity and a sense of belonging: When employees feel that they are valued and included, they are more likely to be engaged and committed to their work.
3. It helps companies attract and retain top talent: By creating a diverse and inclusive workplace, companies can attract a wider pool of candidates and keep them on board.
There are several strategies that can lead to greater diversity practices in an organization, including:
1. Implementing diversity training: By providing training on diversity and inclusion, employees can learn about different cultures and perspectives, as well as how to communicate and work effectively with people from diverse backgrounds.
2. Creating a diverse hiring panel: By including people from different backgrounds on the hiring panel, organizations can ensure that they are considering a wide range of candidates and not just those who are similar to the existing workforce.
3. Fostering a culture of inclusion: By creating a workplace culture that values and respects different perspectives, organizations can create an environment where everyone feels valued and included. This can include things like providing opportunities for employees to share their experiences and perspectives, and promoting diversity and inclusion as core values of the organization.
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In a production process of smartphone screens, the manager wants to determine the reliability of the products. The screens must last at least 250 hours. He put under stress testing 50 screens over 250 hour period. The result were as follow: Number of units Number of hours they have lasted 2 12 5 102 8 188 10 204 25 250 1) Calculate the number of failures per hour () (2pts). 2) What is the probability that the screens will last more than 500 hours?
The number of failures per hour is 25/250=0.1. The probability that the screens will last more than 500 hours is 0.
1) The number of failures per hour is calculated by dividing the total number of failures by the total number of hours tested. In this case, the total number of failures is 2+5+8+10=25 and the total number of hours tested is 250. Therefore, the number of failures per hour is 25/250=0.1.
2) To determine the probability that the screens will last more than 500 hours, we need to calculate the number of screens that lasted more than 500 hours and divide it by the total number of screens tested. In this case, none of the screens lasted more than 500 hours, so the probability is 0/50=0. Therefore, the probability that the screens will last more than 500 hours is 0.
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How one should link HR process to strategy? During this period
of Pandemic, if you were given the chance to choose and apply any
HR approach for strategy attainment, which one you are going to
choose
Linking HR processes to strategy involves ensuring that the HR processes are aligned with the overall business strategy of the organization. This can be done by identifying the key goals and objectives of the organization and ensuring that the HR processes support these goals.
For example, if the organization's strategy is to expand into new markets, the HR processes should support this goal by identifying and recruiting the necessary talent, providing training and development opportunities, and creating a culture that supports growth and innovation.
During the COVID-19 pandemic, one HR approach that could be used for strategy attainment is the use of remote work and flexible work arrangements. This approach allows employees to work from home or other locations, which can help to reduce the risk of exposure to the virus and support the health and safety of employees.
Additionally, this approach can help to increase productivity and support the organization's goals by allowing employees to work in a way that best suits their needs and preferences.
This can also help to reduce costs associated with maintaining a physical office space and can support the organization's overall strategy during this challenging time.
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A perfectly competitive firm maximizes its profit by
At the point where its overall cost curve meets its total revenue curve, a perfectly competitive company maximises its earnings.
What does "revenue curve" mean?The company so acts as the price taker. Also, in this scenario, all businesses sell the same kinds of commodities. As a result, although the revenue fluctuates, the price does not. Here, the average revenue curve runs parallel to the X-axis in a straight line. Moreover, in this case, AR = MR. The amount made per output unit is known to as average revenue. Since any quantity is required at the given price under perfectly competitive, the average sales curve has the shape of a horizontal straight line.
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Q5. The following information is related to CTH Corporation which manufactures a single product: (2 Marks) Selling price per unit: SAR 800 Variable cost per unit: SAR 240 Total fixed cost: SAR 400,000 You are required to calculate:
a) Contribution margin per unit and contribution margin ratio. b) The break-even point in units and break-even point is sales value SAR. c) Pretax profit of the company if it sells 1,400 units of the product. d) The number of units required to sell to reach a target pretax profit of SAR 200,000?
a) The contribution margin per unit is SAR 560, the contribution margin ratio is 70%, the break-even point in units is 714.29 units, b) the break-even point in sales value is SAR 571,432, c) the pretax profit if the company sells 1,400 units of the product is SAR 384,000, and d) the number of units required to sell to reach a target pretax profit of SAR 200,000 is 1,071.43 units.
a) Contribution margin per unit = Selling price per unit - Variable cost per unit = SAR 800 - SAR 240 = SAR 560
Contribution margin ratio = Contribution margin per unit / Selling price per unit = SAR 560 / SAR 800 = 70%
b) Break-even point in units = Total fixed cost / Contribution margin per unit = SAR 400,000 / SAR 560 = 714.29 units
Break-even point in sales value = Break-even point in units * Selling price per unit = 714.29 * SAR 800 = SAR 571,432
c) Pretax profit = (Selling price per unit * Number of units sold) - (Variable cost per unit * Number of units sold) - Total fixed cost = (SAR 800 * 1,400) - (SAR 240 * 1,400) - SAR 400,000 = SAR 1,120,000 - SAR 336,000 - SAR 400,000 = SAR 384,000
d) Number of units required to sell to reach a target pretax profit of SAR 200,000 = (Total fixed cost + Target pretax profit) / Contribution margin per unit = (SAR 400,000 + SAR 200,000) / SAR 560 = 1,071.43 units.
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