The statement that "the average size of the orders a salesperson secures is as important as the number of orders" can be considered true. Both factors play a crucial role in determining the overall sales performance and revenue generation for a business.
The average size of the orders, also known as the average order value (AOV), indicates the monetary value of each transaction made by the salesperson. A high AOV implies that the salesperson is successful in persuading customers to make larger purchases or add additional items to their orders. This, in turn, boosts the company's revenue.
On the other hand, the number of orders secured by a salesperson reflects the volume of transactions they are able to generate. A higher number of orders indicates that the salesperson is effectively reaching out to potential customers, creating new business opportunities, and closing deals.
Both of these factors, average order size and number of orders, are essential for evaluating the salesperson's performance and determining the overall health of the business. To optimize sales performance, it is crucial to strike a balance between increasing the average order size and securing a higher number of orders. Focusing on only one aspect may not yield the desired results for the company.
In conclusion, it is true that the average size of the orders a salesperson secures is as important as the number of orders. Both factors should be considered when evaluating sales performance and setting sales targets.
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__________ is used to describe the interdependence among elements of the global economy.
The term globalization is commonly used to describe the interdependence among elements of the global economy.
Globalization is a term used to describe the increasing interconnectedness and interdependence among countries and their economies. It refers to the process of increased integration and exchange of goods, services, capital, and information across national borders.
Nationalization, on the other hand, refers to the process of bringing private property or assets under government control, while industrialism is a term used to describe the development and growth of industries within a country. Internationalism refers to the idea of cooperation and coordination between nations on political, economic, and social issues.
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a company purchased a truck for $30,000, which it expects to use for 50,000 miles and then sell for $8,000. if the units-of-output method of depreciation is used and depreciation expense for a year is $3,960, how many miles was the truck driven?
The answer to the question is that the truck was driven for 10,050 miles during the year.
The units-of-output method of depreciation is based on the idea that the amount of depreciation expense should be proportional to the amount of use that an asset receives. In the case of the truck, the company expects to use it for 50,000 miles before selling it for $8,000.
To calculate the depreciation expense for each mile driven, we can use the following formula:
Depreciation expense per mile = (Purchase price - Residual value) / Total expected miles
In this case, the depreciation expense per mile would be:
Depreciation expense per mile = ($30,000 - $8,000) / 50,000 = $0.44 per mile
To find out how many miles the truck was driven during the year, we can use the fact that the depreciation expense for the year was $3,960. We can set up an equation:
Depreciation expense for the year = Depreciation expense per mile x Number of miles driven
$3,960 = $0.44 x Number of miles driven
Solving for the number of miles driven, we get:
Number of miles driven = $3,960 / $0.44 = 9,000 miles
Therefore, the detailed answer to your question is that the truck was driven for 9,000 miles during the year.
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an e-wallet is a software application that uses ________ to keep a user s data secure.
An e-wallet is a software application that uses encryption techniques to keep a user's data secure.
What's encryption?Encryption is a process of converting sensitive information into a coded language that can only be deciphered by authorized parties.
In the case of e-wallets, encryption is used to protect sensitive data such as credit card information, bank account details, and personal identification.
This is done by using advanced algorithms to scramble the data into an unreadable format, making it virtually impossible for hackers to intercept or steal.
Additionally, e-wallets use secure authentication protocols to verify the identity of the user and prevent unauthorized access.
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you want to use bigquery to analyze business events in real time. you are unsure of the amount of upfront storage resources you might need to provision and how much cpu and ram will be required to carry out the analysis. what action will you need to take to ensure you have enough resources? (choose 1)group of answer choicesbigquery allocates additional resources for you based on usage patternsbigquery will notify you when you need to add additional resourcesyou need to ensure that adequate resources are provisioned upfront
To ensure that you have enough resources for real-time analysis of business events using BigQuery, you need to ensure that adequate resources are provisioned upfront.
BigQuery is a cloud-based data warehouse that allows for scalable analysis of large datasets. While it does allocate resources dynamically based on usage patterns, it is important to provision adequate resources upfront to ensure that you can handle the expected workload and reduce the likelihood of performance issues. To provision adequate resources, you should consider factors such as the size of the dataset, the complexity of the queries, and the expected number of concurrent users. You can use BigQuery's documentation and best practices guides to estimate the required resources and choose the appropriate pricing plan that meets your needs.
Once you have provisioned the necessary resources, you can monitor the usage patterns and adjust the resources as needed to optimize performance and minimize costs.
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Suppose a bank has just written a FRA to pay the fixed rate. How can the bank hedge it? At time 0, the bank can buy a zero coupon bond that matures at T1, and short sell another zero coupon bond that matures at T2. - At time T1, the bank will buy a floating bond that matures at time T2. - At time 0, the bank can short sell a zero coupon bond that matures at T1, and buy another zero coupon bond that matures at T2. At time T1, the bank will short sell a floating bond that matures at time T2.
A bank can use a FRA to hedge its interest rate risk by entering into a series of transactions at time 0 and at time T1.
At time 0, the bank can buy a zero coupon bond that matures at T1 and short sell another zero coupon bond that matures at T2. This ensures that the bank receives the fixed rate of interest on the FRA at time T1 and pays the floating rate of interest at time T2. At time T1, the bank can buy a floating bond that matures at time T2, thus hedging the FRA.
This way, the bank will receive the fixed rate of interest on the FRA and pay the floating rate of interest on the floating bond at time T2, thus providing protection from interest rate fluctuations.
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lauren is the owner of a bakery. last year, her total revenue was $145,000, her rent was $12,000, her labor costs were $65,000, and her overhead expenses were $15,000. from this information, we know that her accounting profit was: a. $15,000. b. $145,000. c. $53,000. d. $65,000. e. $27,000.
A more comprehensive measure of profit would be economic profit, which takes into account both explicit and implicit costs.
Based on the information provided, we can calculate Lauren's accounting profit by subtracting her total expenses from her total revenue.
Total expenses = rent + labor costs + overhead expenses = $12,000 + $65,000 + $15,000 = $92,000
Accounting profit = total revenue - total expenses = $145,000 - $92,000 = $53,000
Therefore, the answer is c. $53,000.
It's important to note that accounting profit only takes into account explicit costs, such as rent and labor costs, and does not consider implicit costs, such as the opportunity cost of Lauren's time and the cost of using her own capital to start the business.
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A pitfall(s) to watch for and avoid in strategic planning, as listed in the chapter, is:A.using strategic planning to gain control over decisions and resources.B.doing strategic planning only to satisfy accreditation or regulatory requirements.C.failing to communicate the plan to employees, who continue working in the dark.D.All of the aboveE.A & B above
Using strategic planning to gain control over decisions and resources, doing strategic planning only to satisfy accreditation or regulatory requirements. and failing to communicate the plan to employees, who continue working in the dark are pitfalls to watch for and avoid in strategic planning. Option D. All of the above is correct.
Using strategic planning to gain control over decisions and resources can lead to a lack of collaboration and engagement from other stakeholders, which may hinder the success of the plan.
Doing strategic planning only to satisfy accreditation or regulatory requirements may result in a superficial plan that lacks a true commitment to achieving the organization's goals.
Failing to communicate the plan to employees, who continue working in the dark, can result in a lack of buy-in and misaligned actions, which can undermine the success of the strategic plan.
Therefore, option D is correct.
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a) you want a seat on the board of directors of zeph. inc. the company has 225,000 shares of stock outstanding and the stock sells for $66 per share. there are currently three seats up for election. if the company uses cumulative voting, how much will it cost to guarantee that you will be elected to the board? b) home corporation has interest-bearing debt with a market value of $69.5 million. the company also has 2.6 million shares that sell for $25 per share. what is the debt-equity ratio for this company based on market values?
A. The cost would be 75,001 shares x $66 per share = $4,950,066. B. the debt-equity ratio is 69.5/65 = 1.07.
a) To guarantee a seat on the board, you would need to obtain one-third of the total votes plus one vote. With cumulative voting, you can multiply your shares by the number of seats available (in this case, three) to increase your voting power. So, to ensure your election, you would need to own 225,000/3 + 1 = 75,001 shares. The cost would be 75,001 shares x $66 per share = $4,950,066.
b) The debt-equity ratio is calculated by dividing the market value of interest-bearing debt by the market value of equity. In this case, the market value of interest-bearing debt is given as $69.5 million. The market value of equity is 2.6 million shares x $25 per share = $65 million. Therefore, the debt-equity ratio is 69.5/65 = 1.07.
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Why is it important to have your career goals in mind as you choose electives for highschool?
It is important to have your career goals in mind as you choose electives for high school so that one can take good decisions towards what career a person is interested in and try to do the best in it.
The courses children take in high school can have a big impact on your future career prospects, so it's important to keep your career goals in mind as you select electives.
By picking electives that support your career objectives, you can advance in your field of choice. Electives in economics, accounting, and marketing can help you gain the knowledge and abilities necessary to be successful in the business world if you are interested in pursuing a career in this area.
You can also show prospective employers or universities that you are committed to your chosen career path and have made the necessary preparations for it by selecting electives that are pertinent to your career goals.
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The overriding goal of a control system is to enable the ____ and ________ of the business.
A) Improvement, diversification
B) Process, development
C) Survival, long-term success
D) Invention, entrepreneurship
C) Survival, long-term success. The primary purpose of a control system is to ensure that the business is able to survive in the short-term while also achieving long-term success by identifying and managing risks, maintaining financial stability, and monitoring performance.
A control system is a set of procedures and tools used to manage and monitor the performance of an organization. It includes policies, processes, metrics, and reporting mechanisms that enable management to identify problems, assess risks, and make informed decisions to improve the overall performance of the business.
The primary objective of a control system is to ensure that the organization is able to achieve its strategic goals and objectives, while also mitigating risks and maintaining compliance with regulatory requirements. By providing visibility into key performance indicators and other metrics, a control system enables management to make data-driven decisions that can improve the efficiency, effectiveness, and profitability of the business over the long term.
While improvement, diversification, process, development, invention, and entrepreneurship are also important considerations for a successful business, the primary focus of a control system is to ensure the survival and long-term success of the organization.
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matching question match the activity on the left with the related decision on the right. buy raw materials buy raw materials drop zone empty. sell a product sell a product drop zone empty. make a product make a product drop zone empty. pay cash for purchases pay cash for purchases drop zone empty. what technology should be used? should credit be extended? what is the desired level of inventory? should money be borrowed or cash reserves used?
The connections between the activities on the left and the related decisions on the right below:
1. Buy raw materials
2. Sell a product
3. Make a product
4. Pay cash for purchases
To match the activity on the left with the related decision on the right, we can use the following pairings:
- Buy raw materials: What technology should be used?
- Sell a product: Should credit be extended?
- Make a product: What is the desired level of inventory?
- Pay cash for purchases: Should money be borrowed or cash reserves used?
In each case, the activity on the left represents a business decision that requires careful consideration of various factors, such as technology, credit, inventory, and financial resources. By matching these activities with the related decisions on the right, we can better understand the interconnectedness of different business processes and the importance of strategic planning and decision-making.
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the bethlehem inn is an all-equity firm with 9,000 shares outstanding at a value per share of $28.60. the firm is issuing $39,932 of debt and using the proceeds to reduce the number of outstanding shares. how many shares of stock will be outstanding once the debt is issued? ignore taxes.
Once the debt is issued, there will be 7,600 shares of stock outstanding for the Bethlehem Inn.
To find out how many shares of stock will be outstanding once the debt is issued for the Bethlehem Inn, we can follow these steps:
1. Calculate the total equity value of the firm: Total equity value = number of shares * value per share = 9,000 * $28.60 = $257,400
2. Subtract the debt issued from the total equity value: New equity value = total equity value - debt issued = $257,400 - $39,932 = $217,468
3. Divide the new equity value by the value per share to find the new number of outstanding shares: New number of shares = new equity value / value per share = $217,468 / $28.60 ≈ 7,600 shares
So, once the debt is issued, there will be approximately 7,600 shares of stock outstanding for the Bethlehem Inn.
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what are the effects of cultural pressure at a company to hit goals at all costs? (choose every correct answer.) multiple select question. it can cause even honorable employees to behave unethically. it paves the way for managers to keep the company focused on ethical long-term goals. it creates an environment in which workers have license to pursue any profitable strategy they can get away with. it virtually ensures that unethical employees will minimize the importance of observing ethical standards.
The effects of cultural pressure at a company to hit goals at all costs can be significant and far-reaching. One of the most significant impacts is that it can cause even honorable employees to behave unethically.
When a company culture prioritizes hitting targets at any cost, employees may feel pressured to cut corners, take shortcuts, or engage in unethical behavior in order to achieve their goals.Another potential effect is that it creates an environment in which workers have license to pursue any profitable strategy they can get away with. This can lead to a lack of oversight and accountability, which can further enable unethical behavior.In contrast, it is possible for cultural pressure to be used in a positive way to keep the company focused on ethical long-term goals. When a company values ethical behavior, and has a culture that prioritizes this, it can encourage employees to make decisions that are in line with the company's values and principles.Overall, it is important for companies to be aware of the effects of cultural pressure on their employees and their overall ethical standards. By prioritizing ethical behavior and fostering a culture of integrity, companies can minimize the risks associated with cultural pressure and help ensure that their employees are making decisions that align with the company's values and goals.
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Question 7: All results must be numeric and rounded to the nearest hundredth X = 17914. 1. When you round off to the hundredth digit, you look at only the thousandth digit i.e. you focus only on the next digit. Say z=4678.4546 When you round it to the nearest hundredth digit, you get z = 4678.45 2- When you have a percent transform it into decimal number. Say T = 35% you get T = 0.35
When rounding off to the nearest hundredth digit, focus on the thousandth digit and round up if it is 5 or greater.
To convert a percent to a decimal, divide the percent value by 100.
The given question has two parts, and I will address each part separately:
Rounding to the Nearest Hundredth Digit:
When rounding off to the hundredth digit, you look at the thousandth digit (the digit immediately after the hundredth digit). If the thousandth digit is 5 or greater, you round up the hundredth digit by adding 1; otherwise, you leave the hundredth digit unchanged.
For example, let's consider the value of z = 4678.4546. When rounding it to the nearest hundredth digit, we focus on the next digit (the thousandth digit), which is 5 in this case. Since 5 is greater than or equal to 5, we round up the hundredth digit, resulting in z = 4678.45.
Converting Percent to Decimal:
To convert a percent to a decimal, you divide the percent value by 100. This is because a percent is a ratio out of 100. By dividing the percent value by 100, you convert it into its decimal equivalent.
For example, if we have T = 35%, to convert it into a decimal number, we divide 35 by 100: T = 35/100 = 0.35.
So, to summarize:
When rounding off to the nearest hundredth digit, focus on the thousandth digit and round up if it is 5 or greater.
To convert a percent to a decimal, divide the percent value by 100.
Please note that these guidelines should be followed when rounding and converting in the context of the specific question provided.
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Which of the following is typically used as the base in a vertical analysis of an income statement?A) gross profitB) operating incomeC) net incomeD) net sales
In a vertical analysis of an income statement, the base typically used is net sales. Therefore, the correct option is D.
The base used in a vertical analysis of an income statement is typically net sales. This is because net sales represent the total revenue earned by a company during a given period of time, and it provides a clear and consistent starting point for analyzing the various components of the income statement.
Vertical analysis calculates each line item as a percentage of the base, which is net sales, to compare the proportion of each item relative to the company's total revenue. This helps in understanding the composition and trends of the income statement more effectively.
Gross profit, operating income, and net income are all important metrics in their own right, but they are typically expressed as percentages of net sales when conducting a vertical analysis. By using net sales as the base, analysts can easily compare the relative importance of each line item and identify trends and patterns in the company's financial performance over time. Hence, the correct answer is option D: Net sales.
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what dri value is set at a level that meets the needs of only 50% of the population?
The Recommended Daily Intake (RDI) value that is set at a level that meets the needs of only 50% of the population is the Estimated Average Requirement (EAR).
The EAR is the average daily nutrient intake level estimated to meet the requirement of half the healthy individuals in a particular life stage and gender group. The EAR is used to establish the RDI value, which is the nutrient intake level that is sufficient to meet the nutrient requirements of almost all (97-98%) healthy individuals in a specific life stage and gender group.
The Dietary Reference Intake (DRI) value that is set at a level that meets the needs of only 50% of the population is called the Estimated Average Requirement (EAR). The EAR is the nutrient intake level that is estimated to meet the requirement of half of the healthy individuals in a particular life stage and gender group. The EAR is used as the basis for setting the Recommended Dietary Allowance (RDA), which is the average daily dietary intake level that is sufficient to meet the nutrient requirements of nearly all (97-98%) healthy individuals in a particular life stage and gender group. By setting the EAR lower than the RDA, it allows for a safety margin to ensure that almost everyone in the population is meeting their nutrient needs.
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in a financial model, retained earnings grows the equity account by which of the choices that follow? revenue accounts receivable net income additional paid in capital
In a financial model, retained earnings grow the equity account by "net income. "Retained earnings grow the equity account by net income.
Retained earnings represent the portion of a company's profits that are kept or "retained" for future use rather than distributed as dividends to shareholders. These retained earnings are added to the equity account on the balance sheet, increasing the overall value of the company.
Retained earnings represent the accumulated net income of a company that has been retained for reinvestment or to cover future expenses, rather than being paid out as dividends to shareholders.
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a company purchases a warehouse for $200,000, expects to use it for 10 years, and expects to sell it at the end of that period for $50,000. how much is annual depreciation by the straight-line method?
The annual depreciation by the straight-line method can be calculated by dividing the difference between the initial cost and the expected salvage value by the useful life of the asset.
In this case, the initial cost of the warehouse is $200,000 and the expected salvage value is $50,000. Therefore, the total depreciable amount is $150,000 ($200,000 - $50,000). The useful life of the asset is 10 years. To calculate the annual depreciation by the straight-line method, we divide the depreciable amount by the useful life:
Annual depreciation = Depreciable amount / Useful life
Annual depreciation = $150,000 / 10 years
Annual depreciation = $15,000
Therefore, the annual depreciation by the straight-line method for the warehouse is $15,000.
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by conducting ________, corporations expect to prevent unethical conduct to a greater degree.
By conducting ethical training programs and establishing a culture of ethical behavior, corporations expect to prevent unethical conduct to a greater degree.
These programs aim to educate employees on the company's values and principles, as well as provide guidance on how to navigate ethical dilemmas. The goal is to ensure that employees understand the importance of ethical behavior and are equipped with the tools to make ethical decisions.
Additionally, corporations may implement codes of conduct, whistleblower policies, and other mechanisms to encourage employees to report unethical behavior and hold themselves and others accountable. By prioritizing ethics and integrity,
Corporations can create a work environment that fosters trust and promotes responsible behavior, ultimately reducing the risk of misconduct and preserving the company's reputation. These training programs help employees understand the company's values and expectations, which in turn fosters a more ethical work environment.
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Other things the same, if the exchange rate changes from .8 euros per dollar to .9 euros per dollar, the dollar
A. appreciates so U.S. goods become less expensive relative to foreign goods. B. appreciates so U.S. goods become more expensive relative to foreign goods. C. depreciates so U.S. goods become less expensive relative to foreign goods. D. depreciates so U.S. goods become more expensive relative to foreign goods.
D. depreciates so U.S. goods become more expensive relative to foreign goods. When the exchange rate changes from .8 euros per dollar to .9 euros per dollar, it means that the value of the dollar has decreased relative to the euro.
This is because it now takes more dollars to buy one euro. Therefore, U.S. goods become more expensive for foreign buyers who use euros to purchase them. When the exchange rate changes from .8 euros per dollar to .9 euros per dollar, it means that each dollar now buys fewer euros than before. This implies that the value of the dollar has decreased, and hence, it has depreciated relative to the euro.When the dollar depreciates, U.S. goods become more expensive relative to foreign goods because it takes more dollars to purchase the same amount of foreign currency needed to buy foreign goods.
This makes U.S. goods relatively more expensive to foreign buyers, which can result in a decrease in U.S. exports and an increase in imports.
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Write a sample circular informing customers about closing INNOTECH ELECTRONICS, your old showroom and opening new CREATRONICS showroom in Chennai.
The circular informs customers of the permanent closure of the old INNOTECH ELECTRONICS showroom and the opening of a new CREATRONICS showroom in Chennai. The new showroom offers high-quality electronic products and a safe shopping experience. Customers are invited to visit and take advantage of promotions and discounts.
Dear Valued Customers,
We are writing to inform you that INNOTECH ELECTRONICS, our old showroom, will be permanently closing its doors. We would like to take this opportunity to express our gratitude for your patronage and loyalty over the years.
We are pleased to announce the opening of our new showroom, CREATRONICS, located in the heart of Chennai. This new showroom is a state-of-the-art facility that will provide you with an enhanced shopping experience and a wide range of high-quality electronic products.
We have taken all necessary precautions to ensure the safety of our customers during this pandemic, and we are confident that you will find our new showroom to be a safe and comfortable environment to shop in.
We invite you to visit us at our new location, starting from May 1st, 2023, and take advantage of our exciting promotions and discounts. Our friendly and knowledgeable staff will be delighted to assist you in finding the perfect electronic product to suit your needs.
Thank you again for your support and loyalty, and we look forward to serving you at CREATRONICS.
Sincerely,
[Your Name]
Manager of CREATRONICS
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calculate the growth rate in u.s. exports and the us growth rate in imports over the most recent five years.
To calculate the growth rate in U.S. exports over the most recent five years, we would need to compare the total value of exports from the U.S. in the current year to the total value of exports in the base year, which would be five years ago.
Assuming we are comparing 2021 to 2016, we would subtract the value of exports in 2016 from the value of exports in 2021, and then divide the result by the value of exports in 2016. Growth rate in U.S. exports = ((Value of exports in 2021 - Value of exports in 2016) / Value of exports in 2016) x 100.Similarly, to calculate the U.S. growth rate in imports over the most recent five years, we would compare the total value of imports into the U.S. in the current year to the total value of imports in the base year, which would also be five years ago.
Again, assuming we are comparing 2021 to 2016, we would subtract the value of imports in 2016 from the value of imports in 2021, and then divide the result by the value of imports in 2016.
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a company is considering a $150,000 investment in machinery with the following net cash flows. the company requires a 10% return on its investments. year 1 year 2 year 3 year 4 year 5 net cash flows $10,000 $25,000 $50,000 $37,500 $100,000 initial investment $150,000 required rate of return 10% required: (a) compute the net present value of this investment. use formulas that reference data from this worksheet and from the appropriate future or present value tables (found by clicking the tabs at the bottom of this worksheet). use cells a2 to f9 from the given information to complete this question. year net cash flows present value factor present value of net cash flows 1 2 3 4 5 totals initial investment net present value (b) should the machinery be purchased? should the machinery be purchased?
Net Present Value = $155,068 - $150,000 = $5,068 Therefore, the net present value of this investment is $5,068., the company's required rate of return of 10%.
(a) To compute the net present value (NPV) of the investment, we need to discount the net cash flows to their present values and then subtract the initial investment from the total present value of the cash flows. The present value factor can be found using the PVIF (present value interest factor) tables.
Using the given data, we can compute the present value factor for each year as follows:
Year 1: PVF = 1 / (1 + 10%)^1 = 0.909 Year 2: PVF = 1 / (1 + 10%)^2 = 0.826 Year 3: PVF = 1 / (1 + 10%)^3 = 0.751 Year 4: PVF = 1 / (1 + 10%)^4 = 0.683 Year 5: PVF = 1 / (1 + 10%)^5 = 0.621
Using these present value factors, we can compute the present value of each cash flow as follows:
Year 1: $10,000 x 0.909 = $9,090 Year 2: $25,000 x 0.826 = $20,650 Year 3: $50,000 x 0.751 = $37,550 Year 4: $37,500 x 0.683 = $25,678 Year 5: $100,000 x 0.621 = $62,100
The total present value of the cash flows is the sum of these present values, which is $155,068. The net present value is the total present value minus the initial investment, which is:
Net Present Value = $155,068 - $150,000 = $5,068 Therefore, the net present value of this investment is $5,068.
(b) Since the net present value of the investment is positive, the machinery should be purchased as it is expected to generate a return that exceeds the company's required rate of return of 10%.
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according to research, most firms use to motivate the short-term performance of managers.select one:a.variable payb.work-life benefitsc.annual bonusesd.training
According to research, most firms use variable pay to motivate the short-term performance of managers. Variable pay refers to compensation that is based on an individual's performance, such as bonuses or commissions.
This type of pay is often used as an incentive to increase productivity, as managers are more likely to put in extra effort if they know they will receive a financial reward for doing so.
While work-life benefits, annual bonuses, and training can also be used to motivate managers, variable pay is typically the most effective in driving short-term performance.
This is because it provides a clear and direct link between performance and compensation, making it easier for managers to understand what is expected of them and what they need to do in order to earn the bonus or commission.
As such, it is important for firms to use a variety of motivation strategies that take into account both short-term and long-term performance goals.
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what overall changes could you recommend to the executive team at egan’s about its hr practices?
In order to make sure that everyone in the organisation is a part of the changes, HR has a responsibility to play. The general adjustments you might suggest to the executive team at Egan's concerning its HR practises would enable workers to develop with the firm through training and improved communication.
Human resources adjusts to take into account certain businesses and their own internal circumstances, including a decline in profitability that prompts layoffs or an organisational reorganisation.
Human resources continues to change to meet the demands of the times and particular workplaces, as it always has. The department of a company tasked with locating, hiring, screening, and training job applicants is known as human resources (HR). Employee salaries, benefits, and terminations are all handled by HR departments.
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first-mover advantage is the goal of the following policy:a. export restraintb. antidumpingc. strategic traded. free trade
First-mover advantage is the goal of strategic trade policy. Here option C is the correct answer.
The goal of first-mover advantage is to establish a competitive advantage by being the first company to enter a particular market or introduce a new product or service. This advantage can come in many forms, including brand recognition, customer loyalty, economies of scale, and intellectual property protection.
Among the policy options listed, strategic trade is most closely associated with the goal of first-mover advantage. Strategic trade policy involves using government intervention to support domestic industries in order to promote their global competitiveness. This can take the form of subsidies, tax incentives, or intellectual property protections.
On the other hand, export restraint and antidumping policies aim to protect domestic industries from foreign competition, rather than promoting their competitiveness on the global stage. Export restraint involves limiting the number of goods that can be exported to a particular country, while antidumping policies involve imposing tariffs or other trade barriers on imported goods that are sold at below-market prices.
Free trade, while not directly aimed at promoting first-mover advantage, can indirectly benefit companies that are able to establish a competitive advantage through innovation, cost efficiency, or other means. By opening up markets and increasing competition, free trade can create opportunities for companies to gain a foothold in new markets or to compete more effectively in existing ones.
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Ostnor’s Offshoring and Reshoring case study.
Prepare a two-page analysis of each.
Present as one assignment, using APA Title for each case.
In addition to the case you are analyzing, use two sources of evidence per case analysis. Use sources from peer-reviewed academic journals or professional journals. Sources should be less than 5 years since publication.
Introduce the case, providing context.
Discuss the scenario and problem.
Integrate responses to the questions posed at the end of each case in Peng’s text, applying relevant models and theories.
Propose an additional question that you would ask as a result of the research you conducted preparing each case analysis.
Ostnor's Offshoring Case Study This case study explores the decision made by Ostnor, a Norwegian firm, to offshore its production of air-cooled engines to China.
The case is set in the context of a rapidly changing global economy, where firms are increasingly looking to offshore production to reduce costs and increase profits. Ostnor's decision to offshore was motivated by a desire to remain competitive in the global market, and the company was confident that its decision would not result in any significant losses. In this case study, we will analyze the case and consider the relevant models and theories in order to understand the rationale behind Ostnor’s decision to offshore its production. We will also answer the questions posed at the end of the case, as well as propose an additional question for further exploration.
Ostnor's Reshoring Case Study
This case study examines the decision by Ostnor, a Norwegian firm, to reshore its production of air-cooled engines from China back to Norway. This case is set in the context of a rapidly changing global economy, where firms are increasingly looking to reshore production to reduce costs and increase profits. Ostnor's decision to reshore was motivated by a desire to remain competitive in the
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variable costs as a percentage of sales for craig, inc., are 69%, current sales are $600,000, and operating income is $80,000. what is the amount of fixed costs?
The amount of fixed costs for Craig, Inc. is $106,000. To find the amount of fixed costs for Craig, Inc., we first need to calculate the total variable costs. We know that variable costs account for 69% of sales, so
Total variable costs = 0.69 x $600,000 = $414,000
We also know that operating income is $80,000, which is equal to:
Operating income = sales + total variable costs + fixed costs
Plugging in the values we know, we get:
$80,000 = $600,000 - $414,000 - Fixed costs
Solving for fixed costs, we get:
Fixed costs = $600,000 - $414,000 - $80,000 = $106,000
Therefore, the amount of fixed costs for Craig, Inc. is $106,000.
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as a firm continues to produce additional output, which of the following will continue to decline as output expands? question 14 options: average fixed costs opportunity costs average total costs marginal costs
As a firm continues to produce additional output, average fixed costs will continue to decline as output expands.
Why does it decline?
This is because fixed costs are spread over a larger quantity of output, resulting in a lower per-unit cost. This happens because fixed costs are spread over a larger number of output units, resulting in a lower average fixed cost per unit.
The other options, such as opportunity costs, average total costs, and marginal costs, may change depending on various factors but do not necessarily continue to decline as output expands.
However, marginal costs may increase as output expands due to the law of diminishing returns. Opportunity costs and average total costs may vary depending on the specific situation of the firm.
Hence, it can be concluded that as a firm continues to produce additional output, average fixed costs will continue to decline as output expands.
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The complete question is
As a firm increases its output, which of the following will consistently decrease? Please select the appropriate option:
A) Average fixed costs
B) Opportunity costs
C) Average total costs
D) Marginal costs
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation Thomas's fastest-moving inventory item has a demand of 5,750 units per year . The cost of each unit is $102, and the inventory carrying cost is 59 per unit per year The average ordering cost $31 por ordet It takes about 5 days for an order to arrive and the demand for 1 week is 115 units (This is a corporate operation, and there are 250 working days per year) e) What is the annual cost of ordering and holding inventory? $____ per year (round your response to two decimal places)
The annual cost of ordering and holding inventory is $5,565.84 per year (rounded to two decimal places). EOQ is the optimal order quantity that minimizes the total annual inventory cost.
The annual cost of ordering and holding inventory can be calculated by using the Economic Order Quantity (EOQ) formula.
Using the given information:
Demand (D) = 5,750 units per year
Ordering cost (S) = $31 per order
Carrying cost (H) = $59 per unit per year
Unit cost (C) = $102
EOQ = sqrt(2DS/H)
EOQ = sqrt(2 * 5,750 * 31 / 59)
EOQ = 147.67 units
Now, we can calculate the number of orders per year:
Number of orders = D / EOQ = 5,750 / 147.67 = 38.95
The time between orders (T) = working days per year / number of orders per year
T = 250 / 38.95 = 6.42 days
We can round it up to 7 days for convenience.
Therefore, the annual cost of ordering and holding inventory is:
Annual ordering cost = number of orders per year * ordering cost = 38.95 * 31 = $1,210.45
Average inventory = EOQ / 2 = 147.67 / 2 = 73.835
Annual holding cost = average inventory * carrying cost = 73.835 * 59 = $4,355.39
Total annual cost = annual ordering cost + annual holding cost = $1,210.45 + $4,355.39 = $5,565.84
Therefore, the annual cost of ordering and holding inventory is $5,565.84 per year.
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