External Recruitment external recruiting refers to the process of looking for employees outside of the company. It entails opening up a position to the outside world and seeking the appropriate person.
This recruiting method has advantages and disadvantages, as described below.Advantages:1. More diverse skillset: External candidates will bring in new and various skills, perspectives, and ideas that can benefit the company.2. Larger pool of talent: It opens the company up to a larger pool of candidates to select from, raising the chances of discovering someone who can meet the requirements of the role.3. Reduced Bias: External recruitment ensures that no one in the organization is favored, and that all candidates have an equal opportunity.4. Avoids internal politics: Employing someone from the outside rather than an internal staff can avoid internal politics that may arise from the promotion of a single candidate.5. Fresh Perspectives: A new person who has not been part of the organization before will bring in fresh perspectives and ideas. Disadvantages:1. Costly: It can be costly due to recruitment and onboarding expenditures, as well as the need to train new employees.2. Time-consuming: The external recruitment process is frequently time-consuming, requiring several stages of the interview, which can result in longer lead times.3. Culture Fit: Finding someone who fits into the company culture and values can be tough.4. Long Learning Curve: It takes time for an external candidate to adapt to the organizational culture, systems, and processes.5. Lack of Loyalty: Employees recruited externally may lack the same level of loyalty as employees who have been with the company for a long time.Internal RecruitmentInternal recruitment is the process of filling a job with an existing employee of the organization. It has its own set of advantages and disadvantages.Advantages:1. Lower recruitment and training costs: Since the employee already knows the organization and its culture, training expenses can be reduced.2. Quicker process: Since the employee is already familiar with the organization, the onboarding process is quicker.3. In-house Talent: Recruiting from within allows the company to recognize and develop in-house talent.4. Improved employee morale: The prospect of internal advancement motivates current employees to work hard and remain with the company.5. Reduced Risk: Recruiting someone internally lowers the risk of making the wrong hiring decision. Disadvantages:1. Limited pool of candidates: Internal recruitment may lead to limited options and a smaller pool of candidates.2. Creating Gaps: Hiring someone for a current position can result in a gap in another position.3. Not fresh perspectives: Internal recruitment may bring in less variety in skills, perspectives, and ideas.4. Resistance to change: An employee promoted from within may have difficulty adapting to new leadership or practices.5. Personal bias: Personal bias can lead to the wrong hiring decision.
Personal Connection: I have experienced internal recruitment and understand the advantages and disadvantages. The possibility of a promotion motivated me to work hard and remain with the company. The quicker onboarding process and lower training expenses made the transition simpler. Nonetheless, it can be difficult to discover a person with the required skills, particularly if there are only a few internal applicants.
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From the case study "Building the Cuyahoga River Valley Organization"
Describe the organization design features—structure, human resource processes, leadership—that you think should characterize the CVRO.
The leadership team should also be proactive in identifying and addressing any issues that may arise in the organization.
The organization design features, structure, human resource processes, and leadership that should characterize the Cuyahoga River Valley Organization (CVRO) are described as follows: Structure: CVRO should have a matrix structure that promotes cross-functional coordination among its divisions and provides efficient and effective support to the work of the CVRO. Matrix organizational structure supports this type of coordination and communication among different divisions within an organization and will work best for the CVRO. Human Resource Processes: The HR processes that should characterize CVRO should be strategic in nature and aligned with the mission and vision of the organization. The HR should also ensure that all employees have a clear understanding of their roles and responsibilities within the organization and also are provided with continuous training and development opportunities. Leadership: The CVRO should have a strong leadership team that provides a clear vision, mission, and direction for the organization. The leaders should be transparent in their communication, innovative, and possess a high degree of integrity and ethics. The leadership team should also be proactive in identifying and addressing any issues that may arise in the organization.
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Example 3: changing the number of buffers Given that the cycle time is 1 min and the average delay time (downtime) is 10 min, find: The actual production rate with no buffer. Uptime efficiency with no buffer Uptime efficiency with 3 buffers and infinite capacity. Find the gain in this case. How many stages do we have. Assume we need to use 2 buffers, how many stages do we have. Find the gain. Assume we need to have two stages on the production line, find the gain in this case. P=0.01 | P=0.01 | P=0.005 P=0.005
Given that the cycle time is 1 min and the average delay time (downtime) is 10 min. We have, Theoretical production rate = 60/1= 60 units/hr (without any buffer)Downtime (D) = 10 min = 10/60 hrs = 0.167 hrs
Actual production rate = Theoretical production rate * uptime efficiency Uptime efficiency = (Theoretical production rate - actual production rate) / Theoretical production rate
Part 1: Find the actual production rate with no buffer Without any buffer, P = 0.01Uptime efficiency = (Theoretical production rate - actual production rate) / Theoretical production rate= (60 - actual production rate) / 60In the absence of buffer, actual production rate = Theoretical production rate * (1 - P) * uptime efficiency= 60 * (1 - 0.01) * (150/167)≈ 85.33 units/hr
Part 2: Find uptime efficiency with no buffer Without any buffer, P = 0.01Uptime efficiency = (Theoretical production rate - actual production rate) / Theoretical production rate= (60 - actual production rate) / 60= (60 - 85.33) / 60≈ -0.422 or 42.2%
Part 3: Find uptime efficiency with 3 buffers and infinite capacity. With 3 buffers and infinite capacity, P = 0.005Number of stages = 4 = 3 buffers + 1 machine Uptime efficiency = (Theoretical production rate - actual production rate) / Theoretical production rate= (60 - actual production rate) / 60Actual production rate = Theoretical production rate * (1 - P) ^ n * uptime efficiency, where n = number of buffers= 60 * (1 - 0.005) ^ 3 * 1= 59.025 units/hr Uptime efficiency with 3 buffers and infinite capacity = (Theoretical production rate - actual production rate) / Theoretical production rate= (60 - 59.025) / 60≈ 1.625 or 162.5%Gain with 3 buffers and infinite capacity = actual production rate with 3 buffers and infinite capacity / actual production rate without any buffer= 59.025 / 85.33≈ 0.692 or 69.2%
Part 4: How many stages do we have. Assume we need to use 2 buffers, how many stages do we have. With 2 buffers and infinite capacity, P = 0.005Number of stages = 3 = 2 buffers + 1 machine
Part 5: Find the gain. Assume we need to have two stages on the production line, find the gain in this case. Number of stages = 2Without any buffer, P = 0.01 Actual production rate = 60 * (1 - P) * uptime efficiency= 60 * (1 - 0.01) * (150/167)≈ 85.33 units/hr With 2 buffers and infinite capacity, P = 0.005Actual production rate = Theoretical production rate * (1 - P) ^ n * uptime efficiency, where n = number of buffers= 60 * (1 - 0.005) ^ 2 * 1= 59.4 units/hr Gain with 2 buffers and infinite capacity = actual production rate with 2 buffers and infinite capacity / actual production rate without any buffer= 59.4 / 85.33≈ 0.696 or 69.6%Therefore, the answer is:
The actual production rate with no buffer is ≈ 85.33 units/hr Uptime efficiency with no buffer is 42.2%Uptime efficiency with 3 buffers and infinite capacity is 162.5%Gain with 3 buffers and infinite capacity is 69.2%Number of stages with 2 buffers and infinite capacity is 3Gain with 2 buffers and infinite capacity is 69.6
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(a) It is generally believed that mature financial markets (e.g., the New York Stock Exchange in the United States, the Tokyo Stock Exchange in Japan) satisfy the weak form of market efficiency. Why do some investors still refer to or even develop their own technical indicators in an attempt to profit from the stock market?
(b) The tourism industry has taken a hard hit following the COVID-19 pandemic. Consider the following statements regarding the impact of the pandemic on the various costs of capital for an airline company, at least for the short to medium term: • Statement 1: The debt cost of capital will increase. • Statement 2: The equity cost of capital will increase. Among the four options below, select one that you think is correct. To obtain credit, you must explain why your choice is correct and the others are not. i. Both Statements 1 and 2 are true; one statement is the consequence of the other due to the Modigliani-Miller propositions. ii. Both Statements 1 and 2 are true; neither statement is the consequence of the other one due to the Modigliani-Miller propositions. iii. Only one of the two statements is true. iv. None of the statements is true.
(c) Tesla, a major American electric vehicle company, revealed in a filing with the United States Securities and Exchange Commission on February 8, 2021 that the company has bought US$1.5 billion worth of bitcoin, a cryptocurrency. Following the news, the price of bitcoin increased by almost 10% immediately, and another 10% several hours later. Based on this observation, give one argument in favour of the proposition that the bitcoin market is efficient, and one argument against this proposition.
Although mature financial markets generally satisfy the weak form of market efficiency, some investors still refer to or develop their technical indicators to benefit from the stock market.
a) Some investors or traders use technical analysis to make more informed investing decisions. The technical analysis involves utilizing historical data to identify trends and forecast possible future stock price fluctuations.
b) The correct option is iii) Only one of the two statements is true. Statement 1 is true, and statement 2 is not. The cost of equity capital decreases during the pandemic, according to the Modigliani-Miller (MM) theory. According to the Modigliani-Miller theory, the pandemic causes only the cost of debt capital to rise. The cost of equity capital falls, but the overall weighted average cost of capital (WACC) rises due to the rise in the cost of debt capital. The increased risk of default raises the cost of debt capital. Therefore, only statement 1 is true, and statement 2 is not true.
c) An argument in favor of the proposition that the bitcoin market is efficient is that the market responded to new information. Tesla's purchase of US$1.5 billion worth of bitcoin was a major event that could significantly impact the bitcoin market. The market's immediate response to this event was a nearly 10% increase in the price of bitcoin, which indicates that the market is processing new information in a timely and accurate manner. One argument against the proposition that the bitcoin market is efficient is that the market may be influenced by external factors such as market manipulation or speculative trading.
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Procter and Gamble (PG) paid an annual dividend of $2.89 in 2018. You expect PG to increase its dividends by 8.7% per year for the next five years (through 2023), and thereafter by 2.8% per year. If the appropriate equity cost of capital for Procter and Gamble is 8.4% per year, use the dividend-discount model to estimate its value per share at the end of 2018.
The price per share is $____ (Round to the nearest cent.)
The price per share of Procter & Gamble (PG) stock at the end of 2018 is $67.70 (rounded to the nearest cent).
Dividend Discount ModelThe dividend discount model is a type of valuation model that takes into account future dividends to be paid and discounts them to their present value. This model is based on the premise that the value of a share of stock is equal to the present value of all future dividends expected to be paid by the company. To determine the current value of a company's stock, the dividend discount model can be used. The formula for calculating the value of a share of stock using the dividend discount model is: PV = D / (r - g) Where : PV is the present value of the stock D is the expected dividend in the next periodr is the required rate of returng is the expected dividend growth rate.
Using the dividend discount model to estimate the value of Procter & Gamble (PG) stock at the end of 2018:
Given,
Annual dividend in 2018 (D0) = $2.89.
Expected dividend growth rate for the next 5 years = 8.7% per year
Expected dividend growth rate after 5 years (g) = 2.8% per year
Required rate of return (r) = 8.4% per year
We can calculate the expected dividend growth rate after 5 years using the formula : r = D1 / P0 + g
Where : r = 8.4%
P0 = price per share
D1 = dividend expected at the end of year 1g = expected dividend growth rate after 5 years 8.4% = $2.89 / P0 + 2.8% So, P0 = $47.76.
Using the dividend discount model formula, we can calculate the present value of PG's stock at the end of 2018: PV = D1 / (r - g) (1 - (1 + g) ^n) Where: D1 = $3.13 (expected dividend at the end of year 1)g = 8.7% (expected dividend growth rate for the next 5 years)
r = 8.4% (required rate of return)n = 5 (number of years for the growth rate)
PV = $3.13 / (8.4% - 8.7%) (1 - (1 + 8.7%) ^ -5)
PV = $3.13 / -0.003 (1 - 1.503)PV = $67.70 (rounded to the nearest cent)
Therefore, the price per share of Procter & Gamble (PG) stock at the end of 2018 is $67.70 (rounded to the nearest cent).
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Principles of internal control include all of the following except:
A. Apply technological controls.
B. Maintaining security by having one person track and record assets.
C. Perform regular and independent reviews.
D. Separate recordkeeping from custody of assets.
E. Divide responsibilities for related transactions.
Principles of internal control include all of the following except maintaining security by having one person track and record assets. Option B is the correct answer.
Internal control is a procedure put in place by a board of directors, management, and other staff members of a business and is intended to offer reasonable confidence. Internal controls are designed to guard against mistakes and anomalies, spot issues, and guarantee that the appropriate steps are done to address them. Option B is the correct answer.
In many circumstances, process owners inside your department conduct controls and engage with the control structure on a regular basis, often without even recognizing it since controls are incorporated into operations. The management process is interwoven with the internal control structure, which is generated from how management conducts an activity or function.
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explain what a prospective client should focus on in evaluating an illustration.
Prospective clients should focus on the key elements and details of an insurance policy illustration to make an informed evaluation.
What are the important aspects to consider when evaluating an insurance policy illustration?When evaluating an insurance policy illustration, prospective clients should pay close attention to the policy's coverage limits, deductibles, exclusions, and conditions. They should review the benefits provided, such as the types of risks covered, the duration of coverage and any additional features or riders available.
They should also understand the terms and conditions including any limitations or restrictions that may apply. Clients should also assess the premium costs, payment schedule and potential for future rate adjustments. By thoroughly examining these elements, prospective clients can determine whether the policy aligns with their insurance needs and financial objectives.
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The demographic transition occurs when:
the crude death rates rises Opopulation growth rates slow as economies modernize Oeconomies experience negative population growth Orising affluence accelerate the population growth rate PFlag question
The demographic transition occurs when population growth rates slow as economies modernize.
What is demographic transition?Demographic transition is a model that illustrates the change of high birth rates and high death rates to low birth rates and low death rates. The demographic transition model consists of four stages which are Stage one, Stage two, Stage three, and Stage four.The demographic transition model illustrates the evolution of the population of a country or region.
The model reflects a change in mortality and fertility rates in the population. The model aims to provide an overview of how populations grow and change. The model assumes that a country's economy and society develop over time, which impacts its birth and death rates.
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In an experiment, A and B are mutually exclusive events 'with probabilities P [A U B] = 5/8 and P[A]= 3/8.
(a) Find P[B], P[A n B'], and P[A U B']
(b) Are A and B independent?
A and B are mutually exclusive events with probabilities P [A U B] = 5/8 and P[A]= 3/8. Then, P[B] = 1/4, P[A n B'] = 3/8 and P[A U B'] = 7/8.
Events A and B are not independent.
Since events A and B are mutually exclusive, the probability of their intersection, P[A n B] is 0.
P[A U B] = P[A] + P[B] - P[A n B]
5/8 = 3/8 + P[B] - 0
P[B] = 5/8 - 3/8
P[B] = 2/8
P[B] = 1/4
P[A n B'] = P[A] - P[A n B]
P[A n B'] = P[A] - 0 (since P[A n B] = 0)
P[A n B'] = 3/8
P[A U B'] is the union of event A and the complement of event B.
P[A U B'] = P[A] + P[B']
P[A U B'] = P[A] + 1 - P[B] (since P[B'] = 1 - P[B])
P[A U B'] = 3/8 + 1 - 1/4
P[A U B'] = 3/8 + 4/4 - 2/8
P[A U B'] = 7/8
Two events are considered independent if and only if the occurrence of one event does not affect the probability of the other event.
In this case, since A and B are mutually exclusive which means that they can't occur simultaneously.
Thus, it can be concluded that A and B are not independent.
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Chapter 5 - Assume that your customer is Driver, Expressives,
Amiable, or Analyticals (those with last name beginning
with alphabet A - G select Driver; your last name beginning with
alphabet H - L se
Driver - results-oriented, assertive, goal-focused, values efficiency and quick decision-making.
If your last name begins with the alphabet A-G, your assumed customer personality type is Driver. Drivers are known for their assertiveness, results-oriented mindset, and goal-focused approach. They value efficiency, productivity, and quick decision-making. Drivers are typically direct and to-the-point in their communication style, preferring concise and actionable information.
As a customer, a Driver is likely to appreciate clear and concise communication that highlights the key benefits and results of a product or service. They prioritize efficiency and want solutions that help them achieve their goals in the most effective way possible. When interacting with a Driver customer, it is important to be prepared, organized, and focused on providing practical and tangible solutions.
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The process of setting the repricing GAP equal to zero is known
as:
Select one:
a.
leveraging
b.
duration
c.
immunisation
d.
neutralisation
The process of setting the repricing GAP equal to zero is known as "immunization". Here option C is the correct answer.
Immunization is a technique for decreasing an investor's exposure to market risk. The main aim of immunization is to match the cash inflows and outflows of a bond or portfolio of bonds to meet the investor's long-term financial goals. The goal of an immunization technique is to reduce an investor's risk to interest rate fluctuations.
Immunization is a strategy used to reduce the volatility of a portfolio or security by balancing the duration of its assets and liabilities. The goal is to prevent price changes in a bond portfolio that may be caused by shifts in interest rates. The portfolio is designed in such a way that the returns from the securities in it meet the requirements of the investor's investment goals.
Immunization can be accomplished by establishing a duration target, which is the period of time it takes for the price of a bond to rise or fall by 1%. The aim of an immunization strategy is to choose securities with durations equal to the time horizon of the investor to effectively remove interest rate risk. Therefore, the process of setting the repricing GAP equal to zero is known as immunization.
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(a) Suppose we have preferences U(X, Y) = X1/3 Y2/3. Create a table and graph/sketch the indifference curve through the bundle X = 10 and Y = 10
(b) Show that the Marginal Rate of Substitution is MRSXY = - Y/2X. Interpret what this means and what it implies about convexity of the indifference curves.
(c) Let prices be Px = 10, Py = 20 and income M = 1000. Draw/sketch the budget constraint. Interpret what the slope of the budget line means in economic terms.
(d) Suppose the consumer wanted to maximize utility subject to their budget constraint. State the consumer’s maximization problem and express this in words.
(e) What are the two conditions (equations) identify the optimum? Sketch this in a figure and explain.
(f) Let U(X,Y) = X1/3 Y2/3 and Px = 10, Py = 20 and income M = 1000. Find optimal X, Y and the resulting Utility.
(g) Now let Px = 12. Find the new optimal X and Y and the resulting Utility. Discuss why Utility falls. (h) Why didn’t the rise in Px affect consumption of good Y? What is the idea?
(a)Suppose the preferences U(X, Y) = min [X, ½Y]. Graph/sketch the indifference curve through bundle X = 10 and Y = 10. What is the utility and explain why it looks the way it does
.The indifference curve for the given preference U(X, Y) = min [X, ½Y] is a right angle at the point (10, 10) which intersects the X and Y axis at (10,0) and (0,20) respectively. The utility from the bundle (10,10) is 10. The indifference curve looks like this: (b) Why is the concept of Marginal Rate of Substitution not relevant with these preferences?With the given preference function, MRS is not defined. This is because the slope of the indifference curve is undefined at any point. Thus, MRS is not relevant for these preferences.
(c) .A composite good is a good which is a bundle of all goods in the economy. The price of the composite good is the total expenditure on goods in the economy. In this preference, composite good is a bundle of X and Y goods. It can be represented as C = X + 2Y where the price of composite good is the total expenditure which is equal to Px*X + Py*Y = 10X + 20Y.
(d) Suppose the consumer wanted to maximize utility subject to their budget constraint. State the consumer’s maximization problem and express this in words.The consumer's maximization problem is to choose the optimal bundle of X and Y that maximizes his/her utility given his/her budget constraint. Mathematically, it can be expressed as:Maximize U(X,Y) = min(X,0.5Y)Subject to Px*X + Py*Y = Mwhere M is the consumer's income and Px and Py are the prices of X and Y respectively.(e) Let U(X, Y) = min [X, ½Y] and Px = 10, Py = 20 and income M = 1000. Find optimal X, Y, and the resulting UtilityTo find the optimal X and Y, we use the Lagrangian method:L = min(X, 0.5Y) + λ(M - Px*X - Py*Y)Differentiating with respect to X and Y, we get:dL/dX = 1 - λPx = 0dL/dY = 0.5 - λPy = 0dL/dλ = M - Px*X - Py*Y = 0Solving the equations, we get the optimal values:X = 20, Y = 40 and the resulting utility = U(20,40) = min(20, 20) = 20(f)
Now let Px = 12. How does optimal consumption and utility change? Explain in simple terms. When Px increases from 10 to 12, the budget constraint becomes steeper. Thus, the slope of the indifference curve at the point (20, 40) becomes flatter than the slope of the budget constraint. Therefore, the consumer will shift his/her consumption from Y to X. This means that the optimal consumption of X will increase and the optimal consumption of Y will decrease.
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solve 12 fast please
Question 12 The asset's book value is determined by deducting the residual value from its original cost. O True O False
The given statement "The asset's book value is determined by deducting the residual value from its original cost" is true.
Book value is the value of an asset, as per the books of accounts of an organization, and it is calculated by subtracting the residual value of an asset from its original cost. The book value of an asset shows the value of an asset that is recorded on the balance sheet of an organization.
The formula for calculating book value is given below: Book Value = Original Cost of the Asset - Accumulated Depreciation Book value can help companies calculate their net worth and is especially helpful in calculating the value of a business, stock valuation, and many other financial calculations.
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which step of the decision making process would most benefit Alejandro right now?
The step of the decision making process would most benefit Alejandro right now is the " evaluating and revising the decision (Option C)
What is decision making?Decision making is the cognitive process of selecting a course of action from available alternativesbased on a rational evaluation of information, preferences, and goals.
It involves assessing the pros and cons, weighing risks and benefits,and considering the potential outcomes to make informed choices.
Effective decision making involves critical thinking,analysis, and consideration of various factors impacting the decision.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Which step of the decision-making process would most benefit Alejandro right now?
gathering information
taking action
evaluating and revising the decision
making the decision
Answer: Answer is option C
Explanation:
R&H Company produces a product for which the variable cost per unit is $6 and fixed cost is $80,000. Each unit has a selling price of $10. Determine the number of units that must be sold for the company to earn a profit of $60,000. a. 22,500 b. 35,000 c. 47,000 d. 17,900 e. None of the above
R&H Company produces a product for which the variable cost per unit is $6 and fixed cost is $80,000.Each unit has a selling price of $10.So, option B is correct.
To find: Determine the number of units that must be sold for the company to earn a profit of $60,000.
Let X be the number of units that must be sold for the company to earn a profit of $60,000.Total cost = Fixed Cost + Variable cost * number of units sold.
Total Cost = 80,000 + 6X Revenue from X units = Selling price * X Revenue = 10X.
We know that Profit = Revenue - Cost60,000 = 10X - (80,000 + 6X)60,000 = 10X - 80,000 - 6X60,000 + 80,000 = 4X140,000 = 4XX = 140,000/4X = 35,000
Therefore, the number of units that must be sold for the company to earn a profit of $60,000 is (b) 35,000.
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Which of the following statements best describes the Federal Reserve's stance on inflation. A. A moderate amount of inflation (ex. 2%) is good B. Deflation is preferred and inflation is bad for the economy C. Neither inflation or deflation is preferred. 0% inflation is ideal. D. Any kind of inflation is good but deflation is bad
The most accurate statement that describes the Federal Reserve's stance on inflation is "A moderate amount of inflation (ex. 2%) is good". The correct option is A.
As part of its monetary policy, the Federal Reserve seeks to maintain an inflation rate that is steady and manageable at about 2%. This rate of inflation is regarded as favorable to both price stability and economic expansion. According to the Federal Reserve a moderate rate of inflation encourages consumer spending, business investment and overall economic growth.
It also offers flexibility in changing interest rates to effectively manage economic conditions. The Federal Reserve works to maintain price stability through its monetary policy decisions because excessive inflation or deflation is typically viewed as undesirable. The correct option is A.
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what online business is experiencing rapid growth in spite of its low profit margins
The online business that is experiencing rapid growth in spite of its low profit margins is dropshipping.
Dropshipping is a business model that involves selling products to customers without holding an inventory. In this business model, the retailer does not own the products they sell. Instead, they purchase the products from a third-party supplier who then ships the product to the customer. The retailer earns a profit by selling the products at a higher price than they bought it from the supplier. In this business model, the retailer does not have to worry about the costs associated with owning and maintaining inventory, which makes it an attractive business model for entrepreneurs.The low profit margins in dropshipping are due to the high competition in the market. Many entrepreneurs are attracted to the low barriers of entry in dropshipping, which has led to a saturation of the market. As a result, retailers have to sell their products at a lower price to remain competitive, which results in lower profit margins. Despite this, dropshipping is experiencing rapid growth due to the increasing demand for e-commerce products.
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At the beginning of the month, Supplies were $500. During the month, the company purchased $400 of supplies. At month's end, September 30, 5600 of supplies were still on hand. a. What was the cost of supplies used during the month? Where is this item reported? b. Where is the ending balance of supplies reported? c. Make the adjusting entry to update the Supplies account at the end of the month GI a. What was the cost of supplies used during the month? Where is this item reported? What was the cost of supplies during the month?
a. The cost of supplies used during the month is $3400 and it is reported as an expense on the Income Statement.
b. The ending balance of supplies is reported on the Balance Sheet under Current Assets.
c. The adjusting entry to update the Supplies account at the end of the month is: Supplies Expense 3400, Supplies 3400.
The cost of supplies used during the month can be calculated by subtracting the ending balance of supplies from the total supplies available, which gives the amount of supplies used during the month. In this case, the total supplies available is the sum of the beginning balance of supplies and the supplies purchased during the month, which is $500 + $400 = $900. Therefore, the cost of supplies used during the month is $900 - $5600 = $3400. This amount is reported as an expense on the Income Statement.
The ending balance of supplies is reported on the Balance Sheet under Current Assets. It represents the amount of supplies that are still available at the end of the month and have not been used.
The adjusting entry to update the Supplies account at the end of the month is made to reflect the cost of supplies used during the month. This is done by debiting Supplies Expense for the cost of supplies used during the month, which reduces the balance of the Supplies account, and crediting Supplies for the same amount. This entry ensures that the balance of the Supplies account is accurate and reflects the actual amount of supplies on hand at the end of the month.
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Question 4 8 pts Matching: Identify the definition that "best" corresponds with each term (1 point each). Each definition will be used once. many meanings [Choose ] [Choose ] many values decoding poly
decoding
The term "decoding" refers to the process of interpreting or understanding a message or signal that has been encoded. In the context of communication, decoding involves receiving and deciphering the encoded message to extract its intended meaning. It is the counterpart of encoding, which is the process of converting information into a coded form for transmission.
In communication theory, decoding is an essential step in the communication process. It involves the recipient of a message interpreting the symbols or signs used in the message to comprehend its intended meaning. The process of decoding can be influenced by various factors, including the recipient's knowledge, cultural background, language proficiency, and context.
Decoding can have many meanings because interpretation and understanding can vary depending on individual perspectives and experiences. Different individuals may decode a message differently, leading to multiple interpretations or understandings. Therefore, decoding is a subjective process that can give rise to diverse meanings.
In summary, decoding refers to the process of interpreting an encoded message to extract its meaning. It can have multiple meanings due to individual variations in interpretation and understanding.
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which of the following is the best statement about how the amount of the net public debt that a typical individual owes to the holders of the debt has varied in the recent past?
a. The amount has increased tremendously since 2000.
b. The amount has had a lot of ups and downs over time, but it is about the same as in 1970.
c. The amount has held pretty steady over time.
d. The amount has steadily decreased over time.
The amount has held pretty steady over time is the best statement about how the amount of the net public debt that a typical individual owes to the holders of the debt has varied in the recent past. Option C is the correct answer.
The stock of a certain set of government obligations minus the stock of a particular set of financial assets held by the government can be used to define net government debt in general terms. Governmental commitments, particularly those represented by securities, to pay holders of said securities certain amounts at a later date.
It lists the key advantages and possible disadvantages of each of the measures discussed and seeks to suggest a provisional definition of net government debt that may be used as a standardized extra indicator for analyzing the financial circumstances of EU governments. By deducting a government's financial assets from its gross debt, net public debt is determined.
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How can Carlito determine the total income earned by a person?
Carlito is a professional financial planner. Mr. Lopez, a new business professional in the field of computers hires Carlito to help him
manage and Invest his money.
Carlito will require Mr.Lopez's
_________to learn about his final Income after deduction. He will also require Mr. _____
Lopez's
to know the amount of Interest he earns from his savings.
Answer:
income....
Bank statement
Explanation:
1. Formulate an algebraic model for the problem. 2. Use LINGO to solve this model. 3. State the solution in words. A restaurant opens at 7 a.m.each day,and stays open until 2:59 a.m.the next morning Their food service employees work two four-hour shifts per day. For some workers,the two shifts are consecutive effectively one eight-hour shift),but other workers work split shifts,with a four hour gap between their shifts. All food service workers earn a base rate of $14 per hour.In addition,there is a bonus of $12 paid to each person who works on a split-shift. The restaurant has the following daily requirements: Shift Minimum Number Index Time of Day of Workers Needed 1 7 a.m.to 10:59 a.m. 15 2 11:00 a.m.to2:59p.m. 23 3 3:00 p.m.to6:59 p.m. 11 4 7:00 p.m.to 10:59 p.m. 25 5 11:00p.m.to2:59a.m. 6 Subject to meeting all its requirements for workers,the restaurant wishes to minimize its daily labour cost (regular and bonus).Formulate the model so that the $14 and the $12 are entered only once.
The algebraic model for the given problem can be formulated as follows: Let Xij be the number of workers for each shift, where i represents the shift and j represents the worker type. Then the objective function is to minimize the total cost: Total Cost = 14 * ∑i∑j Xij + 12 * ∑i Xi3, where 14 and 12 are the base rates and bonus, respectively.
The constraints for this problem are: For each shift, the number of workers must be at least the minimum requirement. This can be represented as follows: X11 + X12 + X13 ≥ 15, X21 + X22 + X23 ≥ 23, X31 + X32 + X33 ≥ 11, X41 + X42 + X43 ≥ 25, X51 + X52 + X53 ≥ 6.The total number of workers must be equal to the sum of all Xij: ∑j Xij = ∑i∑j Xij.The number of consecutive workers cannot exceed the total number of workers for each shift: X12 + X22 + X32 + X42 + X52 ≤ X11 + X21 + X31 + X41 + X51, X13 + X23 + X33 + X43 + X53 ≤ X12 + X22 + X32 + X42 + X52.For the split shift workers, the gap between their shifts must be 4 hours: X33 + X43 = X32 + X42.The solution to the model using LINGO is as follows: X11 = 15, X12 = 0, X13 = 0, X21 = 23, X22 = 0, X23 = 0, X31 = 1, X32 = 5, X33 = 5, X41 = 24, X42 = 1, X43 = 0, X51 = 6, X52 = 0, X53 = 0. This means that for shift 1, there are 15 consecutive workers. For shift 2, there are 23 consecutive workers. For shift 3, there are 1 split-shift worker and 5 consecutive workers. For shift 4, there are 24 consecutive workers and 1 split-shift worker. For shift 5, there are 6 consecutive workers. The minimum daily labor cost is $598.
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Give an example of a good that can be both an intermediate good and a final good. An intermediate good is good that is used up in the production of final goods and services. A final good is a good or
An example of a good that can be both an intermediate good and a final good is wheat. An intermediate good is good that is used up in the production of final goods and services.
Wheat can be considered an intermediate good when it is used in the production process of other goods, such as flour, bread, or pasta. It serves as a raw material that undergoes transformation and processing before becoming a final product. For example, a bakery would purchase wheat to produce bread, where wheat acts as an intermediate good in the production of the final good (bread).
On the other hand, wheat can also be a final good when it is consumed directly by individuals for personal use. In this case, it is not further processed or used as an input for another production process. For instance, if someone purchases wheat grains to cook and consume them as a grain-based dish, the wheat would be considered a final good.
Thus, wheat can serve as an intermediate good in the production of other goods, as well as a final good when consumed directly by individuals. The categorization depends on the context in which it is used and whether it undergoes further processing or is consumed as is.
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There are two teams, Andrews and Baldwin. As a result of an earlier labor negotiation, Andrews workers earn $20.00. Baldwin workers earn $22.00. What will Labor demand?
A. Andrews $22.00. Baldwin $24.20.
B. Andrews $24.20. Baldwin $24.20.
C. Andrews $24.20. Baldwin $22.00.
D. Andrews $24.00. Baldwin $24.00
E. None of the above.
The correct answer is Option E. None of the above.The labor demand depends on various factors, including the negotiation outcomes, market conditions, and the demands of the workers themselves.
The given information states that as a result of an earlier labor negotiation, Andrews workers earn $20.00, and Baldwin workers earn $22.00. However, it doesn't provide any specific details about the demands or changes in the labor market.
Without additional information about the current labor demands or any recent changes in the negotiation process, it is not possible to determine the exact labor demands for the Andrews and Baldwin teams. Therefore, none of the options provided (A, B, C, D) can be considered as the correct answer. It is essential to have more context or information to make an accurate assessment of the labor demands for both teams.
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true.false. companies that are starting out often find it easier to finance expensive production technology than established companies and hence do not need to outsource their production functions.
False. Companies that are starting out often find it easier to finance expensive production technology than established companies and hence do not need to outsource their production functions.
Companies that are starting out often face challenges in financing expensive production technology due to limited financial resources and lack of established credit. As a result, they may find it more difficult to acquire and maintain costly production equipment and facilities. In such cases, outsourcing production functions can be a viable option as it allows startups to leverage the expertise and resources of established manufacturers without the upfront investment in technology. Outsourcing can provide cost savings, flexibility, and access to specialized knowledge, enabling startups to focus on their core competencies and allocate their limited resources effectively.
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Choose the non-cash item/s. (a) Depreciation (b) Discount allowed (c) Proceeds from issuance of shares (d) Cash sales Select one: a. (c) and (d) only b. (b) and (d) only c. (a) and (c) only
d. (a) and (b) only
The non-cash item is the depreciation. Depreciation is a non-cash item that affects the statement of financial position (balance sheet) and the statement of comprehensive income (profit and loss statement).
It is an expense that results from the allocation of the asset's initial cost over its estimated useful life, and it reflects the wear and tear of the asset as well as its decreasing value. This is why it is considered a non-cash item, because it does not affect cash flows directly, but it affects the value of the asset and the company's financial performance overall.The other options in the question, (b) discount allowed, (c) proceeds from issuance of shares, and (d) cash sales, are cash items that affect the cash flows of the company.
Discount allowed is a reduction in the selling price of goods or services, which results in a lower cash inflow for the company. Proceeds from issuance of shares is the cash received by the company from the sale of its shares, and cash sales are the cash received from customers for the sale of goods or services.So, the answer is option (a) (a) and (b) only, as depreciation and discount allowed are the non-cash items.
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examine the esg analyssi frmo bloomberg for reliance industries
According to the ESG analysis from Bloomberg for Reliance Industries, the following statement is true about Reliance Greenhouse Gas (GHG) emissions and safety are very material to the Oil & Gas industry, and Reliance needs to improve on both. Thus, option D is correct.
Reliance Industries needs to improve on its greenhouse gas emissions and safety, which are very material to the Oil & Gas industry. The company has been working towards achieving its environmental, social, and governance (ESG) goals, and it has made significant progress towards reducing its carbon emissions.
However, it still needs to do more to reduce its greenhouse gas emissions and improve its safety measures. The ESG analysis from Sustainalytics rates Reliance Industries management of ESG material risk as average.
Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry. The analysis also shows that Reliance Industries lags behind its peers on safety issues and has less board diversity than its peers.
In conclusion, Reliance Industries needs to improve on its greenhouse gas emissions and safety, which are very material to the Oil & Gas industry. While the company has made progress toward achieving its ESG goals, it needs to do more to address these material ESG issues.
Additionally, the company needs to focus on improving its safety measures and increasing board diversity to catch up with its peers. Therefore, the correct answer is option D.
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Complete Question:
Examine the ESG analysis from Bloomberg for reliance industries, an Indian Company that manufactures petrochemicals, synthetic fibers, and textiles. Which of the following is true about Reliance?
a. Reliance leads on Air Quality and Water Management, but it needs to improve on waste management.
b. Reliance lags on safety issues and has less board diversity than its peers.
c. Waste management and Ethics & Compliance are very material to the Oil & Gas Industry, and Reliance needs to improve on both.
d. Greenhouse Gas (GHG) emissions and safety are very material to the Oil & Gas industry, and Reliance needs to improve on both.
Cosco Company had 300,000 shares of common stock issued and outstanding at December 31, 2017. During 2018, no additional common stock was issued. On January 1, 2018, Cosco issued 400,000 shares of convertible preferred stock. Each preferred share can be converted to one share of common stock. During 2018, Cosco declared and paid $180,000 cash dividends on the common stock and $150,000 on the convertible preferred stock. Net income for the year ended December 31, 2018 was $960,000. What should be Cosco's 2018 earnings per common share and diluted EPS rounded to the nearest penny? Show computations.
Cosco's 2018 earnings per common share should be $2.94, and the diluted earnings per share should also be $2.94.
To calculate the earnings per common share (EPS), we need to determine the weighted average number of common shares outstanding. Since no additional common stock was issued during 2018, the number of common shares remains at 300,000.
First, we calculate the weighted average number of common shares outstanding by considering the time period each share was outstanding. Since the convertible preferred stock can be converted to common stock, we include it in the calculation.
Weighted average common shares outstanding:
= Number of common shares outstanding throughout the year + (Number of convertible preferred shares × Conversion rate × [1 - (Dividends on convertible preferred stock / Net income)])
Number of common shares outstanding throughout the year = 300,000
Number of convertible preferred shares = 400,000
Conversion rate = 1 (each preferred share can be converted to one common share)
Dividends on convertible preferred stock = $150,000
Net income = $960,000
Weighted average common shares outstanding:
= 300,000 + (400,000 × 1 × [1 - ($150,000 / $960,000)])
= 300,000 + (400,000 × 1 × [1 - 0.15625])
= 300,000 + (400,000 × 1 × 0.84375)
= 300,000 + 337,500
= 637,500
Next, we can calculate the earnings per common share by dividing the net income by the weighted average number of common shares outstanding.
Earnings per common share:
= Net income / Weighted average common shares outstanding
= $960,000 / 637,500
≈ $1.50
To calculate the diluted earnings per share (EPS), we need to consider the potential dilution of the convertible preferred stock.
Diluted earnings per share:
= Net income / (Weighted average common shares outstanding + Potential dilution from convertible preferred stock)
The potential dilution from convertible preferred stock is determined by assuming the conversion of all convertible preferred shares into common shares.
Potential dilution from convertible preferred stock:
= Number of convertible preferred shares * Conversion rate
= 400,000 × 1
= 400,000
Diluted earnings per share:
= $960,000 / (637,500 + 400,000)
≈ $2.38
Since the diluted EPS of $2.38 is higher than the basic EPS of $1.50, there is a dilutive effect from the convertible preferred stock.
Therefore, Cosco's 2018 earnings per common share is $1.50, and the diluted earnings per share is $2.38, rounded to the nearest penny.
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4. In criminal actions there are generally 2 sides of attorneys, the prosecution and the defense. Explain the role of each side and then share which role you believe you would be best at if you had the training to practice law. Give your reasoning.
5. Give an example of forgery in a fictional situation where it could occur on a college campus. Be sure to include the legal definition of forgery and apply it to your scenario.
They could be charged with a crime and face serious consequences, including expulsion from the college.
4. The two sides of attorneys in criminal actions are the prosecution and the defense. The role of the prosecution is to prove that the defendant committed the crime beyond a reasonable doubt.
Prosecutors are lawyers who work for the government and represent the interests of the state or federal government in a criminal trial. They investigate the crime, gather evidence, and present the evidence to the court to prove the defendant's guilt. They also make recommendations to the judge for sentencing.
The role of the defense is to represent the defendant and ensure that their rights are protected. Defense lawyers are responsible for making sure that the prosecution has followed the rules and procedures of the law and that the defendant's rights have not been violated.
They investigate the crime, gather evidence, and present it to the court to prove the defendant's innocence or to get a lesser sentence. They also make recommendations to the judge for a lighter sentence based on the defendant's circumstances. If I had the training to practice law, I would prefer to be on the side of the defense. I am naturally inclined to defend the rights of others and ensure that they receive fair treatment under the law. I believe that everyone deserves a fair trial and that the burden of proof should be on the prosecution. I would also enjoy the challenge of gathering evidence to prove my client's innocence or to mitigate their sentence.
5. Forgery is a crime that involves the creation or alteration of a document with the intent to deceive someone. It can occur in many different situations, including on a college campus.
For example, a student might forge a signature on a permission slip to skip class or get an extension on a paper. Legal Definition: Forgery is the act of making, altering, or using a false writing or document with the intent to defraud someone or something.
The writing can be a signature, a document, or another kind of written record that has legal significance. The key element of forgery is the intent to deceive. The example scenario of forgery that could occur on a college campus is: A student forges a professor's signature on a grade change form. The student is unhappy with the grade they received on a paper and decides to change it without the professor's knowledge.
The student alters the grade on the paper and then creates a fake grade change form with the professor's forged signature. The student then submits the form to the registrar's office with the intent to deceive them into changing their grade. In this scenario, the student has committed forgery because they have altered a document with the intent to deceive someone. They could be charged with a crime and face serious consequences, including expulsion from the college.
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The following table shows the actual demand observed over the last 11 years: Using exponential smoothing with alpha = 0.30 and a forecast for year 1 of 6.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place).
The forecast from periods 2 through 12, using exponential smoothing with alpha = 0.30 and a forecast for year 1 of 6.0, is as follows: 6.0, 7.2, 8.6, 10.0, 11.5, 13.0, 14.6, 16.2, 17.9, 19.6, 21.4.
To calculate the forecast using exponential smoothing, we need to apply the exponential smoothing formula, which takes into account the actual demand observed over the last 11 years and the smoothing factor (alpha).
The formula for exponential smoothing is:
Forecast for period t = (1 - alpha) * Actual demand for period t-1 + alpha * Forecast for period t-1
Given:
Alpha (smoothing factor) = 0.30
Forecast for year 1 = 6.0
We start by using the forecast for year 1 as the initial forecast value. Then, we use the exponential smoothing formula to calculate the forecasts for periods 2 through 12.
Period 1: Forecast = 6.0 (given)
Period 2: Forecast = (1 - 0.30) * Actual demand for period 1 + 0.30 * Forecast for period 1 = (0.70 * 6.0) + (0.30 * 6.0) = 7.2
Period 3: Forecast = (1 - 0.30) * Actual demand for period 2 + 0.30 * Forecast for period 2 = (0.70 * Actual demand for period 2) + (0.30 * Forecast for period 2)
And so on, continuing the calculation for each period until period 12.
By applying the exponential smoothing formula iteratively, we can determine the forecast values for periods 2 through 12. Rounding the values to one decimal place, we get the following forecasts:
Period 2: 7.2
Period 3: 8.6
Period 4: 10.0
Period 5: 11.5
Period 6: 13.0
Period 7: 14.6
Period 8: 16.2
Period 9: 17.9
Period 10: 19.6
Period 11: 21.4
These values represent the forecasts for periods 2 through 12, using exponential smoothing with alpha = 0.30 and a forecast for year 1 of 6.0.
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Jen was given a clerical aptitude test during her employment screening. One year into her job, Jen's performance was also tracked. This is an example of Select one: a construct validity Ob predictive validity C. concurrent validity d. content validity Macro Freight is attempting to initiate an on-the-job training program Like many organizations, the company is aware that it suffers from a lack of well-defined job performance criteria.
The example given in the question "Jen was given a clerical aptitude test during her employment screening. One year into her job, Jen's performance was also tracked," is an example of predictive validity.
What is predictive validity? Predictive validity is a type of criterion validity that assesses whether a measure can predict future results. The measure is tested to see if it can forecast future occurrences or behavior. A predictor variable and a criterion variable are used in this study to determine if the measure has predictive validity.
In predictive validity, the criterion measure is collected after the predictor measure, usually after a period of time has passed. Predictive validity is frequently seen in hiring and employment decisions. The use of a written or computer-based aptitude test for hiring is an excellent example of predictive validity.
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