None of the statements is true with respect to the preparation of an integrated report.
The correct answer is D: None of the above.
Integrated reporting (IR) is a reporting framework that aims to provide a comprehensive and concise view of an organization's performance in terms of strategic objectives and the use of various forms of capital, such as financial, manufactured, intellectual, human, social and relationship capital, and natural capital.
Integrated reporting is not compulsory for any organization. It is a voluntary reporting framework that combines financial and non-financial information in a single report to provide a comprehensive view of an organization's performance and impact. While it is encouraged and may be required by some investors or stakeholders, it is not legally required by the Companies Act or any other regulations.
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Calculate the value of a bond that matures in eight years, pays interest annually and has a $1000 par value. The coupon interest rate is 11 % and the market's required yield to maturity on a comparable risk bond is 12%.
The value of the bond is $950.32.
To calculate the value of a bond, we can use the formula:
Bond value = C * [(1 - (1 + r)^-n)/r] + F * (1 + r)^-n
Where:
C = annual coupon payment
r = market's required yield to maturity
n = number of years until maturity
F = par value of the bond
In this case, C = $1000 * 0.11 = $110
r = 0.12
n = 8
F = $1000
Plugging these values into the formula, we get:
Bond value = $110 * [(1 - (1 + 0.12)^-8)/0.12] + $1000 * (1 + 0.12)^-8
Bond value = $110 * [4.96764] + $1000 * 0.40388
Bond value = $546.44 + $403.88
Bond value = $950.32
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31) Catastrophe bonds are made available to institutional investo markets through an entity that is specially created for that purpo
called a
A) Risk retention group.
B) Fraternal insurance company.
C) Captive insurance company. D) Special purpose reinsurance vehicle.
Catastrophe bonds are made available to institutional investor markets through an entity that is specially created for that purpose called a (D) Special Purpose Reinsurance Vehicle.
Catastrophe bonds are made available to institutional investors through an entity that is specially created for that purpose called a Special Purpose Reinsurance Vehicle (SPRV).
Catastrophe bonds, also known as cat bonds, are a type of insurance-linked security (ILS) that are used to transfer the risk of natural disasters from the insurance company to the capital markets.
They are issued by an SPRV, which is a special purpose entity (SPE) that is created solely for the purpose of issuing cat bonds and transferring the risk to the capital markets.
The SPRV acts as an intermediary between the insurance company and the investors, and is responsible for paying the investors if a specified catastrophe event occurs.
In conclusion, catastrophe bonds are made available to institutional investors through an entity that is specially created for that purpose called a Special Purpose Reinsurance Vehicle (SPRV).
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What is the price (as a percent of par) of a Treasury STRIPS
with a face value of 100 that matures in 10 years and has a yield
to maturity of 4.1 percent? Answer to two
decimals.
The price of a Treasury STRIPS with a face value of 100 that matures in 10 years and has a yield to maturity of 4.1 percent is 99.59%. This can be calculated by subtracting the yield to maturity (4.1%) from the par value (100%).
Mathematically, this is expressed as follows:
Price = Par Value - YTM
Price = 100% - 4.1%
Price = 99.59%
Treasury STRIPS (Separate Trading of Registered Interest and Principal Securities) are Treasury bonds that have been stripped of their principal and interest components, allowing investors to buy and sell the individual components.
The par value is the face value of the security, or the amount that the bondholder will receive when the bond matures. The yield to maturity (YTM) is the rate of return that the bond will generate when held until its maturity date. The price of the Treasury STRIPS is calculated by subtracting the yield to maturity (YTM) from the par value.
For example, if the face value of the Treasury STRIPS is 100 and the YTM is 4.1%, then the price would be 99.59% (100% - 4.1% = 99.59%). This means that an investor can purchase the Treasury STRIPS at a price of 99.59% of its face value, or $99.59.
It is important to note that the yield to maturity can change over time, which will in turn affect the price of the Treasury STRIPS. Therefore, it is important for investors to keep an eye on the current YTM to ensure that their investment decisions are based on accurate information.
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Brief Integrative Case 3.2 Can Sony Regain Its Innovative Edge? The OLED Project technology," says Semenza. "They haven't had a block- buster since the Trinitron" cathode-ray-tube (CRT) televisions of the 1970s, 1980s and 1990s. According to analysts, Sony was slow to embrace the shift from cathode-ray-tube televisions to LCDs. Once the world's top TV maker, Sony now trails both Samsung and LG in terms of revenue, according to Display Search. And commercialization of this new technology brings about operational and supply chain challenges to the electronic giant: Manufacturing costs for new technology are very high, and the needed components are hard to procure. Research firm Display Search estimates Sony's production yield for its 11-inch OLED panel is below 60 percent, meaning at least 4 of every 10 panels its factories produce aren't up to par and can't be sold. Production of larger panels would likely introduce more difficulties. __
Sony Corporation, once an undeniable innovation leader, has struggled recently to bring new innovative technologies to the market. Sony's next-generation television, anultrathin model hailed by executives as a symbol of the company's technological comeback, is now a symbol of another kind: the dilemma facing its TV business. The essence of the dilemma involves Sony's ability to hold its position as an innovation leader and stay profitable at the same time. Sony developed a new flat-panel technology, called organic light-emitting diode (OLED), to produce a bril- liant picture on a screen only 3 millimeters thick. The technology is so new that Sony is barely breaking even on the pricey sets. In November 2007, Sony introduced the world's first OLED TV, the 11" XEL-1. Initially priced at US$2,500, the XEL-1 was more of a prototype than a commercial set. In January of 2009, Sony introduced the new 'X'series OLED Walkman with a 432x240 touch OLED. on that case:
1. What is Sony's strategy for creating value?
2. Is Sony's strategy beyond the scope of its resources?
3. What is the proposed alternative strategy for Sony?
Q1. Sony's strategy for creating value is to develop innovative products, such as the OLED TVs and the XEL-1 OLED Walkman, that appeal to the modern consumer. Additionally, Sony is attempting to produce these products at a lower cost in order to become more competitive in the television and audio markets.
And The essence of the dilemma involves Sony's ability to hold its position as an innovation leader and stay profitable at the same time.
Q2. Sony's strategy is ambitious and may exceed its current resources. OLED technology is still relatively new and expensive to manufacture, meaning Sony's current yields are not very high. This can make the cost of production and sale of the OLED products quite high.
Q3. An alternative strategy for Sony would be to focus on other innovative products that require less resources. Sony could develop new technologies that are more efficient to produce and focus on marketing and distributing those products in order to generate more value.
Additionally, Sony could also look into partnering with other companies to create mutually beneficial products.
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Case 6.3 - Koss Corporation and Unauthorized Financial Transactions According to the consolidated statements of income, the selling, general, and administrative expense account may be overstated. There would have to be receipts of transactions for the expenses in order to overstate them. If expenses were overstated, the income before income tax provision may be less than the provisions for income taxes, which will require the net income to be in the negative.
In the case of Koss Corporation and unauthorized financial transactions, it is possible that the selling, general, and administrative expense account may be overstated.
This could be due to unauthorized or fraudulent transactions that were recorded in the expense account without proper receipts or documentation. As a result, the income before income tax provision may be less than the provisions for income taxes, leading to a negative net income.
To properly address this issue, the company should conduct a thorough review of the selling, general, and administrative expense account to identify any unauthorized or fraudulent transactions. They should also review their internal controls and implement additional measures to prevent unauthorized transactions from occurring in the future. This may include requiring additional documentation and approvals for transactions, implementing stricter oversight and monitoring, and providing additional training and education to employees on the importance of proper financial reporting.
Overall, it is important for companies to have strong internal controls in place to prevent unauthorized or fraudulent transactions from occurring and to ensure accurate financial reporting. By taking these steps, Koss Corporation can address the issue of overstated expenses and improve their financial reporting practices moving forward.
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What will happen to the security market line (SML) if investors can
not take infinite loan at the risk-free rate but instead they can
take infinite loan at a fixed rate at risk-free rate
+2%?
If investors cannot take infinite loans at the risk-free rate but instead can take infinite loans at a fixed rate at the risk-free rate + 2%, the security market line (SML) will shift upward. This is because the cost of borrowing will increase, causing the required rate of return for investors to also increase.
The SML is a graphical representation of the relationship between risk and return for a given portfolio. It shows the expected return for a given level of systematic risk, as measured by beta. The slope of the SML is determined by the difference between the risk-free rate and the expected return on the market portfolio.
If the cost of borrowing increases, the risk-free rate will also increase, causing the SML to shift upward. This means that for a given level of risk, investors will now require a higher rate of return. As a result, the cost of capital for firms will also increase, making it more expensive for them to raise funds.
In summary, if investors cannot take infinite loans at the risk-free rate but instead can take infinite loans at a fixed rate at the risk-free rate + 2%, the SML will shift upward, causing the required rate of return for investors and the cost of capital for firms to increase.
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What are the three issues that are at the core of om
The management of business procedures to achieve the best level of productivity within an organization is known as operations management (OM). The most effective conversion of resources like labor and materials into products and services is the focus of operations management.
Operations managers deal with a variety of difficulties on a daily basis;
1. EMPLOYEE SHORTAGES
Everyone in business is aware that labor shortages were a significant issue even before COVID.
2. LIFETIME DELAYS
For many manufacturers and warehouses, especially in the post-pandemic period, logistical delays are now a major problem.
3. LONG LEAD TIMES
Buyers, whether they are manufacturers or consumers, have speedier delivery expectations. They experience longer lead times, nevertheless.
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The analysis of theeffect that a single variable has on the net present value of aproject is called _____ analysis.Group of answerchoicesvariableerosionsensitivityscenariocost-benefit
The analysis of the effect that a single variable has on the net present value of a project is called sensitivity analysis. Therefore the correct option is option C.
The analysis of the effect that a single variable has on the net present value of a project is called sensitivity analysis. This type of analysis is used to determine how sensitive the net present value of a project is to changes in a single variable.
It helps to identify the key variables that have the greatest impact on the project's net present value and to assess the risk associated with the project. Sensitivity analysis is an important tool for decision making and is often used in conjunction with other types of analysis, such as scenario analysis and cost-benefit analysis.
Therefore the correct option is option C.
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The following question may be like this:
content loaded
The analysis of the effect that a single variable has on the net present value of a project is called _____ analysis.
Group of answer choices
variableerosion sensitivityscenariocost-benefitIf 10-year T-bonds have a yield of 6.28, 10-year, corporate bonds yield
8.58, the maturity risk premium on all 10-year bonds is 1.38, and
corporate bonds have a 0.48 liquidity premium versus a zero liquidity
premium for T-bonds, what is the default risk premium on the corporate
bond?
1. 908
2.098
2.308
2.539
2.788
The default risk premium is 1.820
What is Risk Premium?A risk premium is the amount of additional return needed by an individual to make up for being exposed to a higher risk level. The general definition of it, which is the predicted hazardous return less the risk-free return, is that it is frequently used in finance and economics.
How to solve:
Default risk premium = Yield on 10 year corporate bond - Yield on 10 year T-bond - liquidity premium
= 8.58% - 6.28% - 0.48%
= 1.820
Default risk premium = 1.820
Note: As per the given information, the answer is 1.820
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Discounted FCF Assignment Nike had sales of $44.487 billion in 2021. Suppose you expected its sales to grow at a rate of 18% in 2022, but then slow by 3% per year to the long-run growth rate that is characeristic of the apparel industry, 6%, by 2026. Based on Nike's past profitability and investment needs, you expected EBIT to be 18% of sales, increases in net working capital requirements to be 6% of any increase in sales, and capital expenditures to equal depreciation expenses. If Nike had $13.48 billion in cash, $12.81 billion in debt, 1,626 million shares outstanding, a tax rate of 23%, and a weighted average cost of capital of 11%, what would have been your estimate of the value of Nike stock in early 2022. Show your work in detailed steps.
The estimated value of Nike stock in early 2022 would be $15.32 per share.
To estimate the value of Nike stock in early 2022, we need to calculate the discounted free cash flow (FCF) for the company.
The expected sales for 2022 by applying the growth rate of 18% to the 2021 sales:
$44.487 billion x 1.18 = $52.494 billion
The expected EBIT for 2022 by applying the EBIT margin of 18% to the expected sales:
$52.494 billion x 0.18 = $9.449 billion
The expected increase in net working capital requirements for 2022 by applying the 6% rate to the increase in sales:
($52.494 billion - $44.487 billion) x 0.06 = $0.481 billion
The expected capital expenditures for 2022 by assuming they equal depreciation expenses. Since we do not have information on depreciation expenses, we will assume they are equal to the increase in net working capital requirements:
$0.481 billion
The expected FCF for 2022 by subtracting the increase in net working capital requirements and capital expenditures from the expected EBIT, and then subtracting the taxes:
$9.449 billion - $0.481 billion - $0.481 billion - ($9.449 billion x 0.23) = $6.483 billion
The discounted FCF for 2022 by dividing the expected FCF by the weighted average cost of capital plus 1:
$6.483 billion / (1 + 0.11) = $5.842 billion
Sum the discounted FCF for the years 2022 to 2026 to get the total discounted FCF for the period:
$5.842 billion + $5.297 billion + $4.806 billion + $4.362 billion + $3.958 billion = $24.265 billion
The value of Nike's equity by adding the total discounted FCF to the cash balance and subtracting the debt:
$24.265 billion + $13.48 billion - $12.81 billion = $24.935 billion
The value of Nike stock by dividing the value of equity by the number of shares outstanding:
$24.935 billion / 1,626 million = $15.32 per share
Therefore, our estimate of the value of Nike stock in early 2022 would be $15.32 per share.
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What steps should U.S.-based franchisors take when establishingoutlets in foreign countries?
U.S.-based franchisors should take the following steps when establishing outlets in foreign countries: Research the market, Choose a location, Train franchisees, Monitor the outlet etc.
U.S.-based franchisors should take the following steps when establishing outlets in foreign countries:
1. Research the market: Franchisors should research the local market to determine the demand for their product or service and identify potential competitors.
2. Choose a location: Franchisors should choose a location that is easily accessible to potential customers and has a strong local economy.
3. Obtain necessary licenses and permits: Franchisors should ensure they have the necessary licenses and permits to operate in the foreign country.
4. Adapt to local culture: Franchisors should adapt their business practices to fit the local culture and customs. This may include modifying their product or service offerings, marketing strategies, and pricing.
5. Hire local staff: Franchisors should hire local staff to help run the outlet and provide insight into the local market.
6. Train franchisees: Franchisors should provide comprehensive training to franchisees to ensure they understand the company's policies and procedures
7. Monitor the outlet: Franchisors should regularly monitor the outlet to ensure it is operating efficiently and meeting the company's standards.
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Explain the approaches with example for each :- the straw dog approach- the intensive discussion approach
The straw dog approach and the intensive discussion approach are both methods used in decision making and problem solving. Each approach has its own unique features and advantages.
The straw dog approach involves creating a preliminary or rough draft of a solution or decision, which is then reviewed and revised by a group of people. An example of the straw dog approach is when a company creates a preliminary business plan and then presents it to a group of stakeholders for review and feedback.
The intensive discussion approach, on the other hand, involves a group of people working together to come up with a solution or decision. This approach is characterized by in-depth discussion and debate, with the goal of reaching a consensus. An example of the intensive discussion approach is when a team of employees is tasked with coming up with a new marketing strategy. The team members discuss and debate various ideas, and work together.
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A new issue of bonds is 1. a cash outflow 2. a cash inflow 3. a long-term asset 4. a long-term liability
A new issue of bonds is 4. a long-term liability. Therefore the correct answer is Option 4.
When a company issues bonds, it is borrowing money from investors and promising to pay it back in the future with interest. This creates a long-term liability on the company's balance sheet, as it is a debt that will need to be repaid in the future.
Long-term liabilities are often payable in more than a year. Mortgage loans, bonds payable, and other long-term leases or loans, excluding the portion due in the current year, are examples of long-term liabilities. Short-term liabilities must be paid within the current fiscal year.
Here are a few instances of long-term liabilities you might find on your balance sheet:
Long-term financing.Bonds are due.Healthcare liabilities after retirement.Pension obligations.Therefore the correct answer is Option 4.
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You are asked to consider three mutual funds. The first is a stock fund, the second is a longterm government and corporate bond fund, and the third is a T-bill money market fund that yields a rate of 8%. The probability distribution of the risky funds is as follows:
Stock Fund (S) Bond Fund (B) Expected Return 20% 12% Standard Deviation 30% 15%
The correlation coefficient between funds S and B is 0.10. What is the most optimum complete portfolio would you recommend? Show your thought process by solving all of the following consecutively.
a. Draw the opportunity set of funds S and B.
b. Find the optimal risky portfolio, P, and its expected return and standard deviation.
c. Find the slope of the CAL supported by T-bills and portfolio P.
d. How much will an investor with A=5 invest in funds S and B and in T-bills?
To find the most optimum complete portfolio, we need to go through the following steps:
a. Draw the opportunity set of funds S and B.
The opportunity set of funds S and B can be represented by a curve on a graph with the expected return on the y-axis and the standard deviation on the x-axis. The curve will start at the point representing the expected return and standard deviation of fund S and end at the point representing the expected return and standard deviation of fund B. The curve will be upward sloping, indicating that as the standard deviation increases, so does the expected return.
b. Find the optimal risky portfolio, P, and its expected return and standard deviation.
The optimal risky portfolio, P, is the point on the opportunity set curve that has the highest slope. This point represents the highest expected return for a given level of risk. To find the expected return and standard deviation of portfolio P, we can use the following formulas:
Expected return of P = wS * Expected return of S + wB * Expected return of B
Standard deviation of P = sqrt(wS^2 * Standard deviation of S^2 + wB^2 * Standard deviation of B^2 + 2 * wS * wB * Correlation coefficient between S and B * Standard deviation of S * Standard deviation of B)
Where wS and wB are the weights of funds S and B in portfolio P.
c. Find the slope of the CAL supported by T-bills and portfolio P.
The slope of the CAL supported by T-bills and portfolio P is the difference between the expected return of portfolio P and the expected return of the T-bill money market fund divided by the standard deviation of portfolio P:
Slope of CAL = (Expected return of P - Expected return of T-bill) / Standard deviation of P
d. How much will an investor with A=5 invest in funds S and B and in T-bills?
An investor with A=5 will invest in funds S and B and in T-bills in such a way that the slope of the CAL is equal to 5. This can be achieved by solving the following equation for wP, the weight of portfolio P in the complete portfolio:
Slope of CAL = 5 = (Expected return of P - Expected return of T-bill) / Standard deviation of P
Once we have found wP, we can find the weights of funds S and B and of T-bills in the complete portfolio by using the following formulas:
Weight of S = wP * wS
Weight of B = wP * wB
Weight of T-bills = 1 - wP
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Critically evaluate the role of financial institutions inquantitative easing and the impact of quantitative easing onfinancial markets.
Quantitative easing (QE) is a monetary policy tool used by central banks to stimulate the economy by purchasing government bonds and other financial assets to increase the money supply and lower interest rates. Financial institutions play a crucial role in QE by facilitating the purchase and sale of these assets.
One of the main ways that financial institutions are involved in QE is through their role as primary dealers. These are banks and other financial institutions that are authorized to buy and sell government securities directly with the central bank. When the central bank engages in QE, it purchases government bonds and other assets from these primary dealers, injecting new money into the financial system.
Another way that financial institutions are involved in QE is through their role in the broader financial markets. As the central bank purchases assets and injects new money into the system, this can have a ripple effect throughout the financial markets. For example, QE can lead to lower interest rates, which can make borrowing cheaper for businesses and households, leading to increased spending and investment. This, in turn, can lead to higher stock prices and greater liquidity in the financial markets.
Overall, financial institutions play a crucial role in facilitating the implementation of QE and its impact on the financial markets. However, it is important to note that QE also carries risks, such as the potential for inflation and asset bubbles. Therefore, it is important for central banks and financial institutions to carefully monitor and evaluate the effects of QE on the economy and financial markets.
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How do you write a banner ad?
To write a banner ad, craft a clear and attention-grabbing headline, use eye-catching visuals, include a compelling call-to-action, and keep the message concise and relevant to the target audience.
Banner ads are typically small digital advertisements displayed on websites or social media platforms. To create an effective banner ad, it's important to grab the viewer's attention with a clear and concise headline that highlights the benefits of the product or service being advertised.
The use of eye-catching visuals and colors can also help draw attention to the ad. It's important to keep the message focused and relevant to the target audience and include a clear call-to-action that encourages the viewer to click through to a landing page or take another desired action.
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Complete the paragraph describing how to initiate an informational interview by filling in the missing words or phrases correctly.
After you research the career field that you’re interested in, you should identify someone to interview. You can contact friends, family members, social media connections, or
to help you get in touch with someone to interview. You could contact this person through email or by phone to request the interview. You should be prepared to tell the person about the interview’s objective, why you chose that person, and
.
It's critical to thank them for their time and willingness to share their knowledge.
When requesting an interview, it's also a good idea to suggest some specific dates and times that work for you and to inquire about their preferred method of communication. Remember to be accommodating and considerate of their schedule and availability.
What is an informational interview ?An informational interview is a conversation between a person interested in a specific career field and a professional who works in that field.
The goal of an informational interview is to gain insight into the industry, learn about the day-to-day responsibilities of the job, and network with professionals with relevant experience. It's a chance to ask questions, get advice, and gather information that can help you make career decisions.
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Answer:
Part 1: B
Part 2: C
Explanation:
After you research the career field that you’re interested in, you should identify someone to interview. You can contact friends, family members, social media connections, or
[B: human resources employees]
to help you get in touch with someone to interview. You could contact this person through email or by phone to request the interview. You should be prepared to tell the person about the interview’s objective, why you chose that person, and
[C: job requirements]
.
Healthcare organizations of all sizes are expected to adapt to their environment to remain resilient and competitive continually. Policymakers, public servants, and managers, need to understand the nature of change management and explore the role of project management to create successful projects. The "change" should be "handled" through a change management methodology and project management work.Given the growing number of methodologies and prescriptions regarding the management of projects,, it is also increasingly important for managers to discern which frameworks, processes, and tools are most suited to their organizational context, but most importantly,, how this should be applied successfully.a.Critically evaluate the differences and discuss the implications between different change methodologies operational and project work for an organization
Organizations of all sizes need to be resilient and competitive, and need to understand the nature of change management and project management to do so.
There are numerous change management methodologies and project management frameworks, processes, and tools available.
The main difference between change management and project management is the scope and purpose. Change management focuses on the organizational level, and is concerned with how to effectively and efficiently change systems, procedures, and processes for the organization as a whole.
On the other hand, project management is more specific and has a specific purpose and end goal. It is focused on how to successfully manage and complete a project. Project management requires more detail and focuses on the implementation of a change or project in a very practical sense.
In terms of implications, both methodologies are essential for organizations to remain competitive and efficient. Change management is necessary to identify the need for change, and project management is necessary to successfully implement the change. Without both, an organization cannot move forward and develop.
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PreparationIn this assignment, we’ll return to Sun City Boards and the management challenges they face. With your advice, Tom Wilson (the owner) has continued to make strategic planning progress, but you and Tom realize that a new organizational structure is needed for the company to grow as you envision. Plans include expanding beyond a single store/manufacturing shop and reaching new markets via an Internet presence and e-commerce. The following is a summary of the current staff and loose descriptions of job functions:Owner/CEO—Tom Wilson (Designs the boards, sets their selling price, and establishes sales channels with local surf shops)Bookkeeper—Sarah Balanced (Sarah also doubles as order-taking clerk, cash register attendant, and customer complaint listener)Board Maker—Jack Ovalltrades (If Tom invents it, Jack can make it!)Board Making Assistants—Jill, Jane, & Judy (Assignments change almost daily as Jack decides what needs to be done next)Sales Associate—Kelly Dude (Named after famed surfer Kelly Slater and a business icon for Sun City Boards; visits surf shops and occasionally closes a sale)Part-time Associates—Hired as needed for inventory management (cleanup), promotional events, etc.Module 5 Organizational Structure and Processes Learning UnitLinks to an external site. provides examples of organizational structures. As Tom’s advisor, your assignment now is to select one of the organizational structures presented in the Learning Unit, describe how it works, chart the future structure for Sun City, and explain why you prescribe it. The following steps will help you prepare for your written assignment:Thoroughly read Module 5 Organizational Structure and Processes Learning UnitLinks to an external site..Carefully consider the various organizational structures, their key structural components, and organizational timing relevant for Sun City. Consider the internal and external environmental factors, as well as current trends.Your TaskSelect one of the Organizational Structures from your reading for Sun City.Create a Future State Organizational Chart for Sun City. You may use a presentation tool of your choice. There are numerous organizational chart format inserts available in popular software. Microsoft Word and PowerPoint have Hierarchy charts found on the Insert tab under SmartArt. Your organization chart should contain the title of the job function, even if no Sun City employee currently fills that role. You may also recommend a reporting structure for the existing employees within the new structure.Write at least two paragraphs describing your chosen structure and why you selected it. Your written explanation must include three properly referenced and defined terms from the module reading. For example, if you select a functional structure, explain each relevant function.
The recommended organizational structure for Sun City Boards is the divisional structure. This structure is suitable for the company because it allows for the creation of separate divisions for different products or services, such as a division for manufacturing, a division for retail sales, and a division for online sales. Each division can have its own manager who is responsible for the division's performance and can make decisions based on the needs of the division.
The Future State Organizational Chart for Sun City Boards would include the following positions:
- Owner/CEO: Tom Wilson
- Manufacturing Division Manager: Jack Ovalltrades
- Retail Sales Division Manager: Kelly Dude
- Online Sales Division Manager: New Hire
- Bookkeeper: Sarah Balanced
- Manufacturing Assistants: Jill, Jane, & Judy
- Sales Associates: Hired as needed
- Part-time Associates: Hired as needed
The divisional structure allows for each division to have its own manager who is responsible for the division's performance and can make decisions based on the needs of the division. This structure also allows for the creation of separate divisions for different products or services, which is important for Sun City Boards as they expand beyond a single store and into new markets. Additionally, the divisional structure allows for greater flexibility and adaptability, as each division can respond to changes in the market or customer needs without affecting the entire company. Overall, the divisional structure is the best fit for Sun City Boards as they continue to grow and expand their business.
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The research centre is not only attending to their research as another obligation is to carefully take care of its capital. This duty falls upon Jennie Nielsen together with the chairman, Erik Lundqvist. Erik had got an idea from a friend that he thought looked very promising. It was about an investment in a new fish farm just outside the coast. The situation is as follows. The investment was £45 million and that is a lot of money even for such well funded institution like this. However what made Erik exited was that the expected cash flow. There was a 65% probability of £27 million cash flow at the end of year one and 35% to get £15 million. If the £27 million was received then the following year had a probability of 60% to deliver £55 million and 40% to deliver £35 million. However if the £15 million was received in the end of year one then there was a chance to receive £25 million at 25% probability and a 75% probability to get £40 million. Erik's view was that this must be a done deal but Jennie calmed him down. Jennie said that firstly we need to look at the base required return of 8% and considering the additional risk at 7% had to be added. On top of that the statues required a return on investment of 20% using discounted values. Is this a viable option? Help Jennie and Erik with a full assessment of this situation and propose what to do
This is a complex situation for Jennie and Erik to consider, and it is important to assess the viability of this investment opportunity. In order to evaluate the option, they should consider the base required return of 8%, with an additional 7% risk.
Additionally, they should take into account the statues which require a return on investment of 20% using discounted values.
Using the information provided, Jennie and Erik can assess the viability of the investment. First, they need to calculate the net present value (NPV). The NPV is the sum of the present values of the expected cash flows, taking into account the cost of the investment.
The expected NPV of £44.5 million needs to be compared to the required return of 20%. To do this, Jennie and Erik can use a discounted cash flow model to calculate the internal rate of return (IRR).
The IRR is the rate at which the NPV of the investment is equal to the required return. If the calculated IRR is greater than 20%, the investment is viable. If the IRR is less than 20%, the investment is not viable.
Based on their assessment, Jennie and Erik can determine whether or not the investment is viable. If the calculated IRR is greater than 20%, the investment is a viable option. If the IRR is less than 20%, they should not proceed with the investment.
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With relevant examples discuss and distinguish management
accounting and financial accounting in modern businesses.
Management accounting is used to provide information to internal stakeholders for decision-making purposes, while financial accounting is used to provide information to external stakeholders about the financial position and performance of the business.
Management accounting and financial accounting are two different types of accounting that are used in modern businesses. While both are important for the financial success of a business, they have different purposes and uses.
Management accounting is focused on providing information to internal stakeholders, such as managers and employees, to help them make informed business decisions. This type of accounting is used to create budgets, forecast future financial performance, and analyze the costs and benefits of different business activities. Examples of management accounting reports include budget variance reports, cost-volume-profit analysis, and performance reports.
On the other hand, financial accounting is focused on providing information to external stakeholders, such as investors and creditors. This type of accounting is used to create financial statements, such as the balance sheet and income statement, which provide information about the financial position and performance of the business. Examples of financial accounting reports include the balance sheet, income statement, and statement of cash flows.
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Which of these jobs works to resketch designs to include all the garment
specifications and construction information for a tech pack?
Typically, designers, technological designers, or product developers produce tech packs.
What is the clothing tech spec?A tech pack, often called a specification sheet, is a piece of paper containing comprehensive details about your clothing design. It includes information such as size measurements, care label directions, artwork placement, fabric details, and packing guidelines. Your comprehensive tech pack is used by factories to estimate costs and produce samples. Flat drawings, CADs (computer aided design), colour combinations, sizing details, reference pictures, labelling and packing details, in addition to a bill of materials, are typically included in a tech-pack. Although some designers will offer extra details in their typical tech-pack service, the information listed above ought to be the absolute minimum.
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LAMROCK LIMITED
Tom Baxter, sole owner and general manager of Lamrock Ltd., knew that he was in trouble. Sally Hedger, the company’s accountant, had slammed the door and walked out of the building yesterday afternoon. Hedger had a temper that Baxter had observed in the past, but nothing like the explosion that occurred yesterday. When Hedger did not show up this morning, Baxter was pretty sure that he had seen the last of her for this week. Unfortunately, Baxter had to take a set of Lamrock Ltd.’s unaudited financial statements for review to the bank tomorrow. This review was one of the conditions the bank had put in place to maintain Lamrock’s loan agreement. This was Lamrock’s fourth year in business, and Baxter relied heavily on the bank’s willingness to finance the firm’s capital investments needed for operations. He did not want to postpone the bank meeting for fear that the loans manager would become concerned about Lamrock’s outstanding loans. For several reasons, Baxter did not want to bring in another accountant to prepare the statements: the accountant would question every number; it was highly unlikely that he could hire an accountant on such short notice; and the cost would be prohibitive. Consequently, since Hedger had left a printout with the names of the accounts and their final balances for the fiscal year on her desk (see Exhibit 1), Baxter decided to put into practice what he learned from his basic accounting course five years ago. He planned to organize the accounts and their balances and prepare the firm’s income statement, statement of retained earnings and the balance sheet1 for the fiscal year ending March 31, 2014. Since Hedger had not yet done March’s bank reconciliation and Baxter did not have the necessary information to do one, he would "plug" for the cash balance on the company’s balance sheet.
Tom Baxter, the owner and general manager of Lamrock Ltd., is faced with a dilemma when the company's accountant, Sally Hedger, abruptly leaves the company. Baxter needs to prepare a set of unaudited financial statements for review by the bank, which is one of the company's loan agreement conditions.
However, he does not want to hire another accountant for several reasons, including the cost and the likelihood that the new accountant would question every number. Instead, Baxter decides to use the information left by Hedger, including the names of the accounts and their final balances for the fiscal year, to prepare the company's income statement, statement of retained earnings, and balance sheet.
However, since Hedger had not yet done the bank reconciliation for March and Baxter did not have the necessary information to do one himself, he decides to "plug" the cash balance on the company's balance sheet. This means that he will use an estimated number for the cash balance instead of the actual number. While this may help Baxter meet the bank's requirements in the short term, it could potentially create problems for the company in the long term if the estimated number is significantly different from the actual number.
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An investor recently purchased a bond with a $1000 face value, a 10 percent coupon rate, and six years to maturity. The bond makes annual interest payments with the given rate. The said bond has a market price of $1032.50. What would be the yield to maturity of that bond
An investor recently purchased a bond with a $1000 face value, a 10 percent coupon rate, and six years to maturity. The bond makes annual interest payments with the given rate. The said bond has a market price of $1032.50. The yield to maturity of the bond is 9.3%.
The yield to maturity (YTM) of a bond is the internal rate of return (IRR) earned by an investor who buys the bond today at the market price and holds it until maturity. To calculate the YTM, we need to use the bond's face value, coupon rate, market price, and years to maturity. We can use the following formula to calculate the YTM:
YTM = (C + (F - P)/N) / ((F + P)/2)
Where:
C = annual coupon payment
F = face value of the bond
P = market price of the bond
N = years to maturity
In this case, the bond has a face value of $1000, a 10 percent coupon rate, and six years to maturity. The annual coupon payment is $100 (0.10 x $1000), the market price is $1032.50, and the years to maturity is 6. Plugging these values into the formula, we get:
YTM = ($100 + ($1000 - $1032.50)/6) / (($1000 + $1032.50)/2)
YTM = ($100 + (-$32.50)/6) / ($2032.50/2)
YTM = ($100 + (-$5.42)) / ($1016.25)
YTM = $94.58 / $1016.25
YTM = 0.093 or 9.3%
Therefore, the yield to maturity of the bond is 9.3%.
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Pets Store Inc. sells on terms of 1/10, net 60. What is the effective annual cost of trade credit under these terms? Use a 365-day year.
Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
The effective annual cost of trade credit can be calculated using the formula:
Effective Annual Cost = (Discount % / (100 - Discount %)) x (365 / (Net Days - Discount Days))
In this case, the discount is 1% and the net days are 60, while the discount days are 10. Plugging these values into the formula, we get:
Effective Annual Cost = (1 / (100 - 1)) x (365 / (60 - 10))
Simplifying the equation, we get:
Effective Annual Cost = (1 / 99) x (365 / 50)
Multiplying the two fractions, we get:
Effective Annual Cost = 365 / (99 x 50)
Solving for the effective annual cost, we get:
Effective Annual Cost = 0.07373737373737374
To express this value as a percentage, we multiply it by 100 and round to two decimal places:
Effective Annual Cost = 0.07373737373737374 x 100 = 7.37%
Therefore, the effective annual cost of trade credit under these terms is 7.37%.
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Marketing is "meeting needs profitably." a): Yes b): NoCMO stands for….a): Central Marketing Officer b): Chief Management Officer c): Chief Marketing Officer d): Country Marketing OfficerCompany can use the Internet as a powerful information and sales channel.a): Yes b): NoThere are usually _______ numbers of sections in a marketing plan. a): 5 b): 6 c): 7 d): 8A good marketing is the art of finding, developing, and profiting from these opportunities.a): True b): FalsePurchasing power does not depend on consumers’ income, savings, debt, and credit availability.a): True b): False
a) Yes,Marketing is "meeting needs profitably."b) CMO stands for Chief Marketing Officer. a) Yes,Company can use the Internet as a powerful information and sales channel . c) There are usually 7 numbers of sections in a marketing plan.a) True, A good marketing is the art of finding, developing, and profiting from these opportunities. b) False, Purchasing power depend on consumers’ income, savings, debt, and credit availability.
a) Yes, marketing is about meeting needs profitably. It involves identifying and fulfilling customers' needs in a way that is profitable for the company.
c) CMO stands for Chief Marketing Officer. This person is responsible for overseeing all marketing activities within a company.
a) Yes, companies can use the Internet as a powerful information and sales channel. Through websites, social media, and other online platforms, companies can reach customers, provide information about their products and services, and make sales.
b) There are usually 6 sections in a marketing plan. These include an executive summary, situation analysis, marketing strategy, marketing mix, implementation, and evaluation.
a) True, good marketing is the art of finding, developing, and profiting from opportunities. This involves identifying potential customers, developing products and services that meet their needs, and making a profit from these activities.
b) False, purchasing power does depend on consumers' income, savings, debt, and credit availability. These factors all influence how much money consumers have available to spend on goods and services.
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Ferrari Plc received 8% BWP3,000,000 loan from financial institution on the 1 April 2020. The loan has an effective interest rate of 10.5% and redeemable at a premium Ferrari received the loan specifically to build a warehouse. Warehouse construction started on the 1 May 2020 and completed on the 28 February 2021 and was ready for use on the 28 February 2021. But the Ferrari only started using it on 1 April 2021.
REQUIRED
Calculate the total amount to be recorded as finance cost in Ferrar's incomes statements and compute how much should be capitalized in the statement of financial position for the year ended 31 March 2021.
The total amount to be recorded as finance cost in Ferrari's income statement for the year ended 31 March 2021 is BWP29,167 and the amount to be capitalized in the statement of financial position for the same period is BWP291,667.
Ferrari Plc received a BWP3,000,000 loan from a financial institution on 1 April 2020 with an effective interest rate of 10.5%. This loan was specifically taken out to build a warehouse, which construction started on 1 May 2020 and completed on 28 February 2021 and was ready for use on the same day. However, Ferrari only started using it on 1 April 2021.
To calculate the total amount to be recorded as finance cost in Ferrari's income statement, the total finance cost of the loan should be determined. Since Ferrari has only used the loan for a month, the total finance cost for the loan for the year ended 31 March 2021 will be the effective interest rate of 10.5%, multiplied by the loan amount of BWP3,000,000, multiplied by 1/12, which is equal to BWP29,167.
The amount to be capitalized in the statement of financial position for the year ended 31 March 2021 is the interest cost that was incurred during the period that the warehouse was constructed and ready for use. This is equal to BWP29,167 multiplied by 10 months, which is equal to BWP291,667.
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Which of the following allocation methods fully recognizes services that service departments provide to each other?
a) The direct method
b) The linear algebra method
c) The step method
d) None of the above
The allocation method that fully recognizes the services that service departments provide to each other is The step method. Therefore, the correct Option is c)
The step method of allocation is a process that allocates the costs of service departments to each other and then to the operating departments. This method recognizes the services that are provided by one service department to another service department before allocating the costs to the operating departments.
This means that the step method fully recognizes the services that service departments provide to each other. Therefore, the correct Option is c) The step method.
The direct method, on the other hand, only allocates the costs of service departments directly to the operating departments without considering the services provided to other service departments. The linear algebra method is not a commonly used method for allocation and is not relevant to this question.
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Q3: Sanad Ltd. want to extend their business. So, it issued 6000 Debentures of BD 100 each at a premium of BD 10 per share. Payable as follows: BD 60 on Application (including BD 10premium), BD 30 on Allotment and BD 20 on First and Final call. 1500 of the debentures were applied for and allotted. All the calls were duly received.
Requirement:
1. Change the highlighted number and used the last four numbers of your student ID. Then, make necessary journal entries in the books of the company. me ID number the last four numbers is 1148.
The necessary journal entries in the books of the company for the given scenario are as follows:
1. On Application:
Debenture Application and Allotment A/C ..... Dr. 68400
To Debenture A/C ..... 57000
To Securities Premium A/C ..... 11400
(1500 Debentures of BD 100 each at a premium of BD 10 per share, BD 60 on application including BD 10 premium)
2. On Allotment:
Debenture A/C ..... Dr. 45000
To Debenture Application and Allotment A/C ..... 45000
(1500 Debentures of BD 100 each, BD 30 on allotment)
3. On First and Final Call:
Debenture First and Final Call A/C ..... Dr. 30000
To Debenture A/C ..... 30000
(1500 Debentures of BD 100 each, BD 20 on first and final call)
4. On Receipt of Application Money:
Bank A/C ..... Dr. 68400
To Debenture Application and Allotment A/C ..... 68400
(1500 Debentures of BD 100 each at a premium of BD 10 per share, BD 60 on application including BD 10 premium)
5. On Receipt of Allotment Money:
Bank A/C ..... Dr. 45000
To Debenture Application and Allotment A/C ..... 45000
(1500 Debentures of BD 100 each, BD 30 on allotment)
6. On Receipt of First and Final Call Money:
Bank A/C ..... Dr. 30000
To Debenture First and Final Call A/C ..... 30000
(1500 Debentures of BD 100 each, BD 20 on first and final call)
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8. CAPITAL ASSET PRICING MODEL (2) Whole Foods Inc. paid a quarterly dividend of $0.47 recently. Treasury bills are ylelding 4%, and the average stock is returning about 11%. Whole Foods is a stable company. The return on its stock responds to changes in the political and economic environment only about 70% as vigorously as that of the average stock. Analysts expect the firm to grow at an annual rate of 3.5% into the indefinite future. Calculate a reasonable price that investors should be willing to pay for Whole Foods stock.
The reasonable price that investors should be willing to pay for Whole Foods stock are $35.85.
The CAPITAL ASSET PRICING MODEL (CAPM) is used to calculate the expected return of an asset or stock based on its risk in relation to the market. The formula for the CAPM is:
Expected return = Risk-free rate + Beta * (Market return - Risk-free rate)
In this case, the risk-free rate is the yield on Treasury bills, which is 4%. The market return is the average return of stocks, which is 11%. The beta for Whole Foods is 0.70, as it responds to changes in the political and economic environment only about 70% as vigorously as that of the average stock.
Plugging these values into the CAPM formula, we get:
Expected return = 4% + 0.70 * (11% - 4%) = 8.9%
Next, we can use the dividend discount model (DDM) to calculate the price of the stock. The DDM formula is:
Price = Dividend / (Expected return - Growth rate)
In this case, the dividend is $0.47 per quarter, or $1.88 per year. The expected return is 8.9% and the growth rate is 3.5%.
Plugging these values into the DDM formula, we get:
Price = $1.88 / (8.9% - 3.5%) = $35.85
Therefore, a reasonable price that investors should be willing to pay for Whole Foods stock is $35.85.
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