The competitive approach's drawbacks include the need for manipulation, potential ethical compromises, damage to relationships, and the draining effects of perpetual conflict.
One of the most significant drawbacks of employing a competitive approach is the inherent requirement to manipulate others and the resulting negative consequences.
Competition often involves pitting individuals or groups against each other with the goal of achieving personal or organizational success. In this process, there is a winner and a loser, and the very nature of competition often necessitates strategies and actions that may be considered manipulative or unethical.
Manipulation can take various forms, such as deceiving opponents, undermining their efforts, or exploiting their weaknesses. These tactics can damage relationships, trust, and cooperation among individuals or groups, leading to a hostile and cutthroat environment.
Moreover, the focus on winning at all costs can overshadow ethical considerations, causing individuals to compromise their values and engage in questionable practices.
Additionally, the competitive approach demands significant energy and resources to sustain the fight. Constantly striving to outdo others and stay ahead can be mentally and physically exhausting.
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Ms. Midi-Keita rushed her one-year child into the OPD with fever, convulsions and vomiting everything of two days’ duration. On arrival, the child was prioritized using triage processes and the doctor attended to the child within 15mins. Usually, the average waiting time for a one-year-old who is not severely ill is 45minutes.
Before the healthcare provider provided care, the healthcare provider washed her hands. This was not surprising. In this hospital, the managers invest inappropriate infection prevention and control measures. They even purchased a machine to locally produce colour coded waste bin liners which helped to reduce cost by 350% in the past two years. After five days the child was discharged. Before Ms.Midi Keita left with her child, she was taken through a client satisfaction survey. When asked her overall experience of care, Ms.Midi-Keita stated that the healthcare provider was caring, respectful and sensitive to their needs.
In your opinion, what are the dimensions of quality described in this case scenario? Explain
The quality dimension described in the case scenario is as follows: Timeliness, Safety, Efficiency, Effectiveness, Patient-centeredness, and Equitability. The dimension of quality described in the case scenario is:
Timeliness: In the case scenario, the child received care within 15 minutes of arrival which is less than the average waiting time of 45 minutes. This is an example of good timeliness in healthcare. Safety: Before providing care to the child, the healthcare provider washed her hands. This is an example of appropriate infection prevention and control measures taken by the hospital managers which promote safety. Efficiency: The purchase of a machine to locally produce color-coded waste bin liners helped to reduce the cost by 350% in the past two years. This is an example of an efficient waste management system.Effectiveness: After five days the child was discharged. This is an example of the effectiveness of the care provided to the child. Patient-centeredness: Ms. Midi-Keita reported that the healthcare provider was caring, respectful, and sensitive to their needs. This is an example of patient-centeredness in healthcare.Equitability: The child was prioritized using triage processes regardless of their social status or identity, ensuring equity in healthcare.Learn more about quality dimension:
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Consider That 2 Agents Make Up The Demand Side Of A Market. Person A's Marginal Benefits Are MBA = 60 - 0.25QA, And Person B's Marginal Benefits Are MB = 60 - QB. Find And Graph The Equation For Market-Level Marginal Benefits. (B) Consider That 2 Agents Make Up The Supply Side Of A Market. Producer 1 'S Marginalcost Is MC, = 5 + 0.5Q1, And Producer 2'S
(a) Consider that 2 agents make up the demand side of a market. Person A's marginal benefits are MBA = 60 - 0.25QA, and person B's marginal benefits are MB = 60 - QB. Find and graph the equation for market-level marginal benefits. (b) Consider that 2 agents make up the supply side of a market. Producer 1 's marginalcost is MC, = 5 + 0.5Q1, and producer 2's marginal cost is MC2 = 5 + Q. Find and graph the equation for market-level marginal cost. (c) Consider that 3 agents make up the supply side of a market. Producer 1's marginal cost is MG, = 3 + 0.3Q1, and producer 2's marginal cost is MC2 = 4 + 0.6Qz, and producer 3's marginal cost is MC,=1 + 0.103. Find and graph the equation for market-level marginal cost.
Find and graph the equation for market-level marginal benefits. The formula for market-level marginal benefits is MB = 60 - QB - QA. The market-level marginal benefits can be calculated by adding the individual marginal benefits of Person A and Person B.
The equation will be: MB = MBA + MBBMBA = 60 - 0.25QA and MBB = 60 - QB. Summing the two equations we have: MB = 60 - 0.25QA + 60 - QBMB = 120 - 0.25QA - QB, Now the graph for this equation will be as follows: Figure : Market-level marginal benefits(b) Find and graph the equation for market-level marginal cost The formula for market-level marginal cost is MC = MC1 + MC2. The market-level marginal cost can be calculated by adding the individual marginal cost of Producer 1 and Producer 2. The equation will be:MC1 = 5 + 0.5Q1 and MC2 = 5 + Q. Summing the two equations we have: MC = 5 + 0.5Q1 + 5 + QMC = 10 + 1.5QNow the graph for this equation will be as follows: Figure : Market-level marginal cost(c) Find and graph the equation for market-level marginal cost.
The formula for market-level marginal cost is MC = MC1 + MC2 + MC3. The market-level marginal cost can be calculated by adding the individual marginal cost of Producer 1, Producer 2 and Producer 3.
MC1 = 3 + 0.3Q1, MC2 = 4 + 0.6Q2 and MC3 = 1 + 0.103Q3
MC = 3 + 0.3Q1 + 4 + 0.6Q2 + 1 + 0.103Q3MC = 8 + 0.3Q1 + 0.6Q2 + 0.103Q3
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summarize If you were to work in the Administrative Support pathway, you would manage the activities of an office. You would use computers to perform clerical activities. One of your goals would be to ensure that information is collected and shared with staff and clients. Employees in the Business Information Management pathway help collect, analyze, organize, and share information. Employees working in management do a variety of activities to keep a business in operation. The size of the company affects the work you might do as the manager. In a large company, you might supervise other managers. In a small company, you might directly supervise all the employees. Or you might direct the work in one area of a business such as marketing or finance. As a manager, there could be many tasks to your job. You might build relationships with people outside the company or department and with employees. Your might negotiate with or hire employees. Another part of the job might be to assure there are equipment, supplies, and money to operate the business. In the Human Resources Management pathway, you would be responsible for finding and keeping employees. To do this, you would interview and hire the most qualified applicant. In addition, you would have to be familiar with labor laws and wages and benefits. Your duties might include providing training and doing things to keep employees happy. In the Operations Management pathway, you help organizations get the resources they need. You plan, organize, coordinate, and schedule the delivery of resources
Working in the Administrative Support Operations Management pathway involves managing office activities and utilizing computers for clerical tasks. The goal is to ensure efficient collection and sharing of information with staff and clients.
In the Business Information Management pathway, employees focus on gathering, analyzing, organizing, and disseminating information. In the Management pathway, the responsibilities vary based on the company's size.
Managers may supervise other managers in large companies or directly oversee all employees in small companies. They handle tasks such as building relationships, negotiating, hiring, and ensuring the availability of resources for business operations.
The Human Resources Management pathway involves finding and retaining employees through activities like interviewing, hiring, and knowledge of labor laws and compensation.
Responsibilities may also include training and maintaining employee satisfaction. In the Operations Management pathway, the focus is on acquiring necessary resources for organizations. This includes planning, organizing, coordinating, and scheduling resource delivery.
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Solve for the unknown quantity in Parts (a) through (d) that makes the equivalent value of cash outflows equal to the equivalent value of the cash inflow, F. a. If F= $9,500, G = $550, and N-6, then i= ? b. If F-$9,500, G-$550, and i-5% per period, then N ? C. If G= $1,100, N= 12, and i-10% per period, then F? d. If F= $7,700, N-6, and i= 10% per period, then G-7 Click the icon to view the accompanying cash-flow diagram. Click the icon to view the interest and annuity table for discrete compounding when i-5% per year. Click the icon to view the interest and annuity table for discrete compounding when i-10% per year. a. The interest rate, , is 10.5 %. (Round to one decimal place.) b. The number of years, N, isyears. (Round to one decimal place.)
a. The interest rate, i, is 10.5 %.
Given:
F= $9,500G= $550N= 6
We know that: F= P(A/P,i%,N)+ G(A/F,i%,N)
Where,
A/P = Annuity Present Worth
P/A = Present Worth Annuity
A/F = Annuity Future Worth
F/A = Future Worth Annuity
P/F = Present Worth Future Worth
P/G = Present Worth Gradient
G/P = Gradient Present Worth
P = Present Worth
F = Future Worth
G = Gradient
Substituting the values,
we get:9500= P(A/P,i%,6)+550(A/F,i%,6)
Using the interest and annuity table,
we can calculate the value of (A/P,i%,6) and (A/F,i%,6).
The value of (A/P,i%,6) is 4.2126 and the value of (A/F,i%,6) is 0.7473.
Substituting these values,
we get:9500 = P(4.2126) + 550(0.7473)9500 = 4.2126P + 410.01565.9843 = 4.2126PP = $1406.87
Therefore, the interest rate, i, is 10.5 %.b.
The number of years, N, is 19.4 years.
Given:
F= $9,500G= $550i= 5%We know that: F= P(A/P,i%,N)+ G(A/F,i%,N)
Substituting the values, we get:9500= P(A/P,5%,N)+550(A/F,5%,N)
Using the interest and annuity table,
we can calculate the value of (A/P,5%,N) and (A/F,5%,N).
The value of (A/P,5%,N) is 4.3295 and the value of (A/F,5%,N) is 0.6139.
Substituting these values, we get:9500 = P(4.3295) + 550(0.6139)9500 = 18.745P + 337.645481.3545 = 18.745PN = 19.4 years
Therefore, the number of years, N, is 19.4 years.
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Whispering Winds Company purchased a delivery truck for $25,000 on January 1,2022 . The truck has an expected salvage value of $3,160, and is expected to be driven 104,000 miles over its estimated useful life of 10 years. Actual miles driven were 12,000 in 2022 and 11,500 in 2023. (a1) Your answer is correct. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal ploces, e. 0.50 ) Depreciation expense per mile Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method, (Round depreciation cost per unit to 2 decimal places, eg. 0.50 and depreciation rate to 0 decimal places, eg. 15\%. Round final answers to O decimal places, eg. 2, 125.) Assume that Whispering Winds uses the straight-line method. Prepare the journal entry to record 2022 depreciation. (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter O for the amounts.) Assume that Whispering Winds uses the straight-line method. Show how the truck would be reported in the December 31,2022 , balancesheet.
The depreciation expense per mile under the units-of-activity method is $0.18.
Depreciation expense per mile:
Under the units-of-activity method, the depreciation cost per unit is calculated as follows:
Depreciation cost per unit = ($25,000 - $3,160) / 104,000 miles
Depreciation cost per unit = $0.22 per mile.
Depreciation expense per mile = Depreciation cost per unit / Total estimated miles
Depreciation expense per mile = $0.22 / 120,000
Depreciation expense per mile = $0.0018 per mile. (rounded to two decimal places).
Depreciation expense = Depreciation cost per year × (actual miles / estimated miles)
Depreciation expense = $2,384 × (11,500 / 104,000)
Depreciation expense = $262.13 (rounded to two decimal places).
Under the double-declining-balance method, the depreciation rate is twice the straight-line depreciation rate. Therefore, the depreciation rate is 40% per year. Under the units-of-activity method, the depreciation cost per mile is $0.22. Depreciation expense for 2022:
Under the double-declining-balance method, the depreciation rate is 40% per year. The depreciation expense for 2022 is calculated as follows:
Depreciation expense for 2022 = Carrying value × Depreciation rate
Depreciation expense for 2022 = ($25,000 - $2,384) × 40%
Depreciation expense for 2022 = $9,846.40 (rounded to two decimal places).
Depreciation expense for 2023:
Under the double-declining-balance method, the depreciation rate is 40% per year. The depreciation expense for 2023 is calculated as follows:
Depreciation expense for 2023 = Carrying value × Depreciation rate
Depreciation expense for 2023 = ($25,000 - $2,384 - $9,846.40) × 40%
Depreciation expense for 2023 = $5,670.24 (rounded to two decimal places).
The journal entry to record 2022 depreciation under the straight-line method is as follows:
Accounts Debit Credit
Depreciation expense $274.46
Accumulated depreciation - Delivery truck $274.46
Whispering Winds Company would report the truck in the December 31, 2022, balance sheet as follows:
Whispering Winds Company
Balance Sheet(December 31, 2022)
Assets Delivery truck
$22,615(=$25,000 - $2,384 - $274)
Liabilities and Equity (no effect on liabilities and equity)
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Examining Cultural Variables in a Business Letter
These two versions of the same business letter were written by a sales manager for an American computer company. The first letter was addressed to a potential customer in the United States; the second version was addressed to a potential customer in Japan. The questions that follow ask you to think about how cultural variables affect the nature of the evidence, the structure of the letters, and their tone.
Cultural variables play a vital role in how people interact with each other, both in business and personal contexts.
A sales manager of an American computer company wrote two versions of the same business letter to potential customers in the United States and Japan. In examining the cultural variables in these letters, it's crucial to consider how they affect the nature of the evidence, structure, and tone of the letters. Evidence in a business letter is the information or data that backs up the claims made in the letter.
In the US letter, the sales manager uses figures and data to support the quality of the products the company offers. On the other hand, in the Japanese letter, the sales manager emphasizes the long-standing relationship between the two companies and the trust they have developed.
This shows that cultural variables play a significant role in the nature of evidence in a business letter. The structure of a business letter refers to how the information is presented in the letter.
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You are the new manager of Accounts Payable. As a proud UM graduate, you have worked hard and reduced the AP balance below by 8.9%. What is the new CashCT value (in days) given the following data:
Days in the period: 52
Sales: $11,667,582
AR: $3,776,139
AP: $4,649,284
Inventory: $7,616,713
Cost of Sales: 60
(Keep two decimal places in your answer)
Cash Conversion Cycle (CCC) is the length of time between a company's cash outflows and inflows. Cash Conversion Cycle is a crucial metric for assessing the operational efficiency of a company's management.
Companies may optimize their CCC to enhance their working capital management and financial stability.A company can reduce its CCC by increasing the amount of time it takes to pay its bills (Accounts Payable) or by decreasing the amount of time it takes to collect funds (Accounts Receivable). The formula is CCC = DIO + DSO - DPO.The calculation for the new Cash Conversion Cycle is as follows:Average accounts payable = AP/COGS × 365Average accounts payable = $4,649,284/($11,667,582 × 60%) × 365.
Average accounts payable = $1,074,112CCC = DIO + DSO - DPODIO = Inventory ÷ COGS × 365DIO = $7,616,713 ÷ ($11,667,582 × 60%) × 365DIO = 127.89 daysDSO = AR ÷ Sales × 365DSO = $3,776,139 ÷ $11,667,582 × 365DSO = 118.88 daysDPO = AP ÷ COGS × 365DPO = $4,649,284 ÷ ($11,667,582 × 60%) × 365DPO = 132.36 daysCCC = DIO + DSO - DPOCCC = 127.89 + 118.88 - 132.36CCC = 114.41 daysThe new Cash Conversion Cycle (CCC) is 114.41 days. This represents the amount of time it takes to transform inventory and sales into cash inflows while paying accounts payable.
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Lead! Inc. offers executive coaching services to small business owners. Leadl's operating profits average 18 percent of revenues and its marketing and administrative costs average 25 percent of the cost of services sold. Required: Lead! Inc. expects revenues to be $195,000 for April. Prepare an income statement for April for Lead! Inc. assuming its expectations are met. The following data refer to one year for Monroe Fabricators. Fill in the blanks.
The given problem is based on the concept of income statement. An income statement is also known as a profit and loss statement or statement of revenue and expenses. It is a financial statement that shows a company's revenues and expenses over a specific period.
Calculation of Gross profit:Gross Profit = Revenues - Cost of Services Sold (COGS)Given that the operating profit of Lead! Inc. averages 18% of revenues and its marketing and administrative costs average 25% of the cost of services sold. We can calculate the cost of services sold as follows:
Operating profit = 18% of revenueSales Revenue = $195,000Let Cost of Services Sold = x0.18 × 195,000 = Gross Profit - Marketing and Administrative Costs0.18 × 195,000 = (Revenue - x) - 0.25x0.18 × 195,000 = Revenue - x - 0.25x35,100 = 0.75xX = $46,800
Now, we can calculate Gross Profit as:
Gross Profit = Revenue - Cost of Services SoldGross Profit = $195,000 - $46,800 = $148,200
Let's prepare an income statement for April 2022 for Lead! Inc: Lead! Inc. Income Statement for the month of April 2022
Particulars Amount ($)Revenue195,000Cost of Services Sold46,800
Gross Profit148,200
Operating ExpensesMarketing and Administrative Costs (25% of Cost of Services Sold)11,700Operating Profit136,500
Therefore, the income statement for April 2022 for Lead! Inc. will be as follows:
Particulars Amount ($)Revenue195,000Cost of Services Sold46,800Gross Profit148,200
Operating
Expenses Marketing and Administrative Costs (25% of Cost of Services Sold)11,700Operating Profit136,500
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Choose one case study from this week’s reading in The Coaching Handbook that offers some new insights to you. Briefly outline the case study and then explain how you can apply the principles and ideas from it to a particular situation in your own professional setting. You must support your Discussion postings and responses with references, unless you are asked to provide personal opinion or personal reflection for a specific question. Unless noted otherwise, your initial discussion postings should be approximately 250 words in length, substantive and scholarly in nature. You are required to respond to each Discussion posting, each week, within each module and provide a minimum of two responses
Gary’s coaching journey offers new insights into the coaching process. His case study shows that an effective coach is not just someone who imparts information or shares their own experiences, but someone who can guide and support their clients as they discover their own solutions.
One case study from the reading in The Coaching Handbook that offers some new insights is that of Gary, a middle-aged entrepreneur who faced the challenge of building a business while still attending to his personal life.
Gary’s coaching story stands out in how he was able to learn, and then internalize, the idea that personal and professional growth go hand in hand. Through his coaching journey, he was able to come up with creative and innovative ways to tackle problems that arose in both his personal and professional life.
This insight can be applied to my professional setting in many ways, for instance, if I were a manager, I would use this insight to support my team members as they face the challenges of their jobs. By taking the time to understand my team members’ challenges, and then helping them come up with their own solutions, I could help them achieve their goals and grow both personally and professionally.
Another insight from Gary’s coaching journey is the importance of creativity and innovation in problem-solving. Gary’s story shows that even when he faced seemingly insurmountable challenges, he was able to find solutions that worked for him.
This insight can be applied to my professional setting in many ways, for instance, if I were a consultant, I would use this insight to help my clients find creative and innovative ways to tackle the challenges they face. By encouraging my clients to think outside the box, I could help them find new solutions to old problems that might have previously seemed impossible to solve.
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a. Someone in the 36 percent tax bracket can earn 7 percent annually on her investments in a tax-exempt IRA account. What will be the real value of a one-time $18,000 investment in 5 years? 10 years? 20 years? Assume tha the rate of inflation during all these periods was 5 percent a year. You may use Appendix C to answer the questions Do not round intermediate calculations. Round your answers to the nearest dollar. in 5 years: $ in 10 years: $ in 20 years: $ b. Someone in the 15 percent tax bracket can earn 12 percent annually on his investments in a tax-exempt IRA account. What will be the real value of a one-time $18,000 investment in 5 years? 10 years? 20 years? Assume tha the rate of inflation during all these periods was 5 percent a year. You may use Appendix C to answer the questions Do not round intermediate calculations. Round your answers to the nearest dollar. in 5 years: $ in 10 years: $ in 20 years: $
While for someone in the 15 percent tax bracket who can earn 12 percent annually on his investments in a tax-exempt IRA account, the real value of a one-time $18,000 investment in 5 years, 10 years, and 20 years is $33,514, $59,024, and $139,201 respectively.
Inflation rate = 5% annually
Rate of return on the investment (tax-exempt IRA account) = 7% annually
Real rate of return = (1 + rate of return on investment) / (1 + inflation rate) - 1a.
Someone in the 36 percent tax bracket can earn 7 percent annually on her investments in a tax-exempt IRA account.
1. Real rate of return = (1 + 0.07) / (1 + 0.05) - 1= 1.019 - 1= 0.019 = 1.9%
2. In 5 years, the value of $18,000 investment = $18,000 × (1 + 0.019) ^ 5= $18,000 × 1.104= $19,870.923.
In 10 years, the value of $18,000 investment = $18,000 × (1 + 0.019) ^ 10= $18,000 × 1.229= $22,119.984.
In 20 years, the value of $18,000 investment = $18,000 × (1 + 0.019) ^ 20= $18,000 × 1.506= $27,113.88
b. Someone in the 15 percent tax bracket can earn 12 percent annually on his investments in a tax-exempt IRA account.1. Real rate of return = (1 + 0.12) / (1 + 0.05) - 1= 1.132 - 1= 0.132 = 13.2%2.
In 5 years, the value of $18,000 investment = $18,000 × (1 + 0.132) ^ 5= $18,000 × 1.862= $33,514.003. In 10 years, the value of $18,000 investment = $18,000 × (1 + 0.132) ^ 10= $18,000 × 3.279= $59,023.994.
In 20 years, the value of $18,000 investment = $18,000 × (1 + 0.132) ^ 20= $18,000 × 7.734= $139,201.28Therefore, the real value of a one-time $18,000 investment in 5 years, 10 years, and 20 years for someone in the 36 percent tax bracket who can earn 7 percent annually on her investments in a tax-exempt IRA account is $19,871, $22,120, and $27,114 respectively.
While for someone in the 15 percent tax bracket who can earn 12 percent annually on his investments in a tax-exempt IRA account, the real value of a one-time $18,000 investment in 5 years, 10 years, and 20 years is $33,514, $59,024, and $139,201 respectively.
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On December 31,2018 , Waterway Industries is in financial difficulty and cannot pay a note due that day. It is a $3100000 note with $310000 accrued interest payable to Carla Vista, Inc. Carla Vista agrees to accept from Waterway equipment that has a fair value of $1460000, an original cost of $2410000, and accumulated depreciation of $1160000. Carla Vista also forgives the accrued interest, extends the maturity date to December 31, 2021, reduces the face amount of the note to $1250000, and reduces the interest rate to 5%, with interest payable at the end of each year. Waterway should record interest expense for 2021 of $125000
$0.
$187500.
$62500.
Waterway Industries should record interest expense for 2021 of $62,500.
A note payable is an agreement between a debtor and a creditor in which the debtor promises to pay the creditor a specific amount of money, either in a single sum or in instalments, at a fixed or variable interest rate over a defined period of time, in exchange for the creditor agreeing to loan the debtor money.
A note payable is a liability account that records a borrower's contractual promise to repay a loaned sum of money to the lender at a specified date or over a period of time, according to the terms of the agreement.
According to the question given,
On December 31, 2018, Waterway Industries agrees to give equipment to Carla Vista, Inc. that has a fair value of $1,460,000.
Carla Vista also forgives the accrued interest and reduces the face amount of the note to $1,250,000 and extends the maturity date to December 31, 2021, and reduces the interest rate to 5%, with interest payable at the end of each year. In 2021, Waterway Industries should record interest expense of $62,500 (5% of $1,250,000).
Hence, the correct option is $62500.
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Peak hourly demand: 100 customers Average Customer Order: . 1 Burger 1 Bag of Fries (9 ounces) 1 Drink (12 ounces) 1 Soft-serve ice cream cone Time per Batch Batch Size Equipment Grill 12 Burgers 10 minutes Drink Machine 20 ounces 1 minutes Fryer 32 ounces 12 minutes Ice Cream Machine 1 Cone 30 seconds The minimum number of Fryers is 6 The minimum number of Ice Cream Machines is 1 Utilizations should be entered to nearest whole percentage, i.e. 37%. and their utilization is 93.75% and their utilization is 83.33%
Peak hourly demand: 100 customers Average Customer Order: . 1 Burger 1 Bag of Fries (9 ounces) 1 Drink (12 ounces) 1 Soft-serve ice cream cone Time per Batch Batch Size Equipment Grill 12 Burgers 10 minutes Drink Machine 20 ounces 1 minutes Fryer 32 ounces 12 minutes Ice Cream Machine 1 Cone 30 seconds .
Ice Cream Machine: Given minimum ice cream machines are 1. So the utilization will be 100% as per the data given.Calculating hourly production per equipment:Grill: Maximum 6 batches can be made in 60 minutes. So, 6 x 12 burgers = 72 burgers.Fryer: Maximum 5 batches can be made in 60 minutes. So, 5 x 32 ounces = 160 ounces = 10 pounds.Ice Cream Machine: Maximum 120 cones can be made in 60 minutes. So, 120 cones.So, Total Burgers that can be made in an hour = 72 burgers/ batch * 6 batches= 432 burgers/hour.
Total Fries that can be made in an hour = 10 pounds/batch * 5 batches= 50 pounds/hourTotal Drinks that can be made in an hour = 20 ounces/batch * 60 batches= 1,200 ounces/hourTotal Ice Cream Cones that can be made in an hour = 120 cones/hourTherefore, the peak hourly demand for the restaurant is 100 customers and the restaurant can serve 432 burgers, 50 pounds of fries, 1200 ounces of drinks, and 120 ice cream cones in an hour.
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In early 2011, the city of Seattle, Washington changed rates for on-street parking. All results here
are based on automatic transaction data from parking pay stations obtained before and after that
rate change. The parking rate changes were based on performance-based pricing where rates
were increased, decreased, or not changed in neighborhoods with occupancy levels higher than,
lower than, or within a pre-determined level. This data was used to calculate price elasticity by
time of day for on-street parking demand and incorporates neighborhood characteristics to
determine how on-street parking demand responds to price changes. The relationship between
pricing and parking turnover, the amount of time parked, and total revenue generated for the city
will be discussed.
Term definitions:
Parking turnover: average total number of vehicles that are parked on a weekday within a certain
time-period (e.g., in a day or for an hour).
Parking duration: average time vehicles are parked.
Parking revenues: average total parking revenues per day.
New Parking Rates
In February to April 2011, a change in the regulation of on-street parking in Seattle was implemented
which resulted into both an increase and a decrease of hourly parking rates in some neighborhoods.
The new rates and the parking price change in each neighborhood can be seen in Figure 2. In total,
four neighborhoods saw an increase in parking rates; six neighborhoods saw a decrease; and four
were unchanged. The rate change you see in the figure represents the change in dollars, for
example in the commercial core the rate increased by $1.50 to $4.00 per hour after the 2011 rate
change from its prior rate of $2.50 per hour.
Seattle is a city that had made changes to its on-street parking rates. The changes were implemented in February to April 2011. The rates were adjusted by performance-based pricing. The rates were either decreased, increased, or not changed based on the neighborhood's occupancy level, which was predetermined.
This resulted in the calculation of price elasticity by time of day for on-street parking demand. This data incorporated neighborhood characteristics to determine how on-street parking demand responds to price changes.
The terms, parking turnover, parking duration, and parking revenues are defined below
Parking Turnover: The average total number of vehicles parked on a weekday within a specific time period, such as in a day or for an hour.
Parking Duration: The average time a vehicle is parked.
Parking Revenues: The average total parking revenues per day.
Figure 2 illustrates the new rates and parking price changes that occurred in Seattle's four neighborhoods. The hourly parking rates increased and decreased in various neighborhoods. There was an increase in parking rates in four neighborhoods and a decrease in six neighborhoods, and four remained unchanged.
For instance, the rate in the commercial core was increased by $1.50 per hour from $2.50 per hour to $4.00 per hour after the 2011 rate change.
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chase bank External environments ( opportunities and threats
related to market trends, economic trends, demographics, or
regulations)
Chase Bank faces opportunities and threats in its external environment. By embracing digital banking trends, capitalizing on economic conditions, understanding changing demographics, and complying with regulations, the bank can position itself for success in a rapidly evolving financial landscape.
Chase Bank operates in an external environment that is influenced by various market trends, economic trends, demographics, and regulations. These factors present both opportunities and threats for the bank.
One significant opportunity is the growing trend toward digital banking and financial technology. With the increasing use of smartphones and online platforms, Chase Bank can leverage technology to provide innovative and convenient banking services, such as mobile banking apps and digital payment solutions. This allows the bank to reach a wider customer base and enhance customer experience.
However, this trend also poses a threat, as it intensifies competition from fintech startups and other traditional banks that are investing heavily in digital transformation. Chase Bank must stay agile and continuously innovate to maintain its competitive edge in the rapidly evolving digital landscape.
Economic trends can also impact Chase Bank's performance. A positive trend, such as a robust economy and low unemployment rates, can lead to increased consumer spending and borrowing, benefiting the bank's lending and investment activities.
Conversely, economic downturns, such as recessions or financial crises, can result in higher loan defaults, decreased demand for financial products, and overall market instability, posing threats to Chase Bank's profitability.
Demographic changes present opportunities and challenges for the bank. The aging population offers opportunities for retirement planning and wealth management services, while younger generations, such as millennials and Gen Z, have different financial preferences and behaviors, necessitating tailored offerings and digital engagement strategies.
Regulations also shape the external environment for Chase Bank. Stricter regulations aimed at safeguarding consumer rights and preventing financial crimes, such as anti-money laundering and data privacy regulations, require the bank to invest in compliance measures. While this may increase operational costs, it also enhances the bank's reputation and customer trust.
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Which of the following statements about data breaches in 2019 is not true?
A. According to the Identity Theft Resource Center, the number of breaches in 2019 increased by 17% from 2018.
B. According to the Identity Theft Resource Center, the breaches exposed almost 165 million sensitive records, such as social security numbers and financial account data.
C. According to the Identity Theft Resource Center, employee error was the leading cause of data breaches.
D. According to the Identity Theft Resource Center, data breaches involving the business sector represented about 44% of all breaches.
The statement about data breaches in 2019 that is not true is option (C) According to the Identity Theft Resource Center, employee error was the leading cause of data breaches.
Explanation:Data breaches have become very common in recent years and 2019 was no exception. There are many factors responsible for the increasing number of data breaches, which include employee error, malware attacks, phishing attacks, and hacking attacks, among others. However, option (C) is not true because employee error was not the leading cause of data breaches in 2019. Rather, the leading cause of data breaches in 2019 was hacking attacks, which accounted for about 39% of all data breaches.
This is according to the 2019 Data Breach Investigations Report by Verizon. Employee error was responsible for about 21% of all data breaches in 2019, which makes it the second leading cause. In addition, the other statements are true; the number of breaches in 2019 increased by 17% from 2018, the breaches exposed almost 165 million sensitive records, and data breaches involving the business sector represented about 44% of all breaches.
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Suppose the market for corn in Banana Republic is competitive The market demand function for corn is Qd=10−0.5P and the market supply function is Qs=P−2, both measured in billions of bushels per year. (a) Calculate the equilibrium price and quantity. (b) At the equilibrium at part (1a), what is the consumer surplus? producer surplus? dead weight loss? Show all of those numerically and graphically. (c) Suppose the government imposes an specific tax of $6 per unit to raise government tax revenue. Analyze the problem by shifting the demand curve. What will the new equilibrium quantity be? What price will buyers pay? What price will sellers receive? Show all of those numerically and graphically. Calculate the consumer surplus, producer surplus, government tax revenue and DWL. (d) Ignore part (1c). Suppose the government imposes a price floor of $10 per bushel. What is the new equilibrium quantity? What is the consumer surplus? producer surplus? dead weight loss? Show all of these numerically and graphically. (e) Ignore part (1c)and (1d). Suppose the government imposes a price ceiling of $6 per bushel. What is the new equilibrium quantity? What is the consumer surplus? producer surplus? dead weight loss? Show all of these numerically and graphically.
Consumer surplus is the term used to describe situations where consumers pay less for a commodity or service than they did would be willing to. The economic concept of marginal utility, defined as the additional enjoyment a customer receives from purchasing one more unit of an item or service, serves as the foundation for consumer surplus.
Consumer surplus is a key idea in economics and is defined as the discrepancy between what a consumer is willing to pay and what the consumer actually pays to purchase a good.
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Graphical representations of the different scenarios will help visualize the changes in the equilibrium price, quantity, consumer surplus, producer surplus, and deadweight loss.
(a) Calculate the equilibrium price and quantity:
To find the equilibrium price and quantity, we set the quantity demanded equal to the quantity supplied and solve for the price.
Market demand function: Qd = 10 - 0.5P
Market supply function: Qs = P - 2
Setting Qd equal to Qs:
10 - 0.5P = P - 2
Simplifying the equation:
10 + 2 = 1.5P
12 = 1.5P
Dividing by 1.5:
P = 12 / 1.5
P = 8
Substituting the price back into either the demand or supply function to find the quantity:
Qd = 10 - 0.5(8)
Qd = 10 - 4
Qd = 6
Therefore, the equilibrium price is $8 per bushel, and the equilibrium quantity is 6 billion bushels.
(b) At the equilibrium, let's calculate the consumer surplus, producer surplus, and deadweight loss.
Consumer Surplus:
To calculate the consumer surplus, we need to find the area below the demand curve and above the equilibrium price.
Consumer Surplus = (1/2) * (Equilibrium Quantity) * (Equilibrium Price)
Consumer Surplus = (1/2) * 6 * 8
Consumer Surplus = 24
Producer Surplus:
To calculate the producer surplus, we need to find the area above the supply curve and below the equilibrium price.
Producer Surplus = (1/2) * (Equilibrium Quantity) * (Equilibrium Price)
Producer Surplus = (1/2) * 6 * 8
Producer Surplus = 24
Deadweight Loss:
Deadweight Loss represents the loss of total surplus due to the market not being at the equilibrium. In a perfectly competitive market, there is no deadweight loss.
Since the consumer surplus and producer surplus are equal, both are 24, and the deadweight loss is 0.
(c) Suppose the government imposes a specific tax of $6 per unit to raise government tax revenue.
To analyze the impact of the tax, we shift the demand curve down by the amount of the tax. The new demand function becomes:
New Demand Function: Qd = 10 - 0.5(P + 6)
To find the new equilibrium quantity and prices, we equate the new demand function with the supply function:
10 - 0.5(P + 6) = P - 2
Simplifying the equation:
10 - 0.5P - 3 = P - 2
7 - 0.5P = P - 2
Simplifying further:
9 = 1.5P
P = 6
Substituting the price back into either the demand or supply function to find the quantity:
Qd = 10 - 0.5(6 + 6)
Qd = 7
The new equilibrium quantity is 7 billion bushels, the price buyers pay is $6 per bushel, and the price sellers receive is $6 - $6 (the tax per unit) = $0 per bushel.
To calculate the consumer surplus, producer surplus, government tax revenue, and deadweight loss, we need additional information on the demand and supply functions after the tax is imposed.
(d) Suppose the government imposes a price floor of $10 per bushel.
With a price floor of $10, the equilibrium price of $8 is below the floor, so it becomes binding. The price will be set at $10, and the quantity traded will be determined by the supply function.
Setting the price at $10:
Qs = P - 2
Qs = 10 - 2
Qs = 8
The new equilibrium quantity is 8 billion bushels.
Consumer Surplus:
To calculate the consumer surplus, we need to find the area below the demand curve and above the price floor ($10).
Consumer Surplus = (1/2) * (Equilibrium Quantity) * (Price Floor - Equilibrium Price)
Consumer Surplus = (1/2) * 6 * (10 - 8)
Consumer Surplus = 6
Producer Surplus:
To calculate the producer surplus, we need to find the area above the supply curve and below the equilibrium price.
Producer Surplus = (1/2) * (Equilibrium Quantity) * (Equilibrium Price - Price Floor)
Producer Surplus = (1/2) * 6 * (8 - 10)
Producer Surplus = -6
Deadweight Loss:
The deadweight loss can be calculated as the difference between the consumer surplus and producer surplus.
Deadweight Loss = |Consumer Surplus - Producer Surplus|
Deadweight Loss = |6 - (-6)|
Deadweight Loss = 12
(e) Suppose the government imposes a price ceiling of $6 per bushel.
With a price ceiling of $6, the equilibrium price of $8 is above the ceiling, so it becomes binding. The price will be set at $6, and the quantity traded will be determined by the demand function.
Setting the price at $6:
Qd = 10 - 0.5P
Qd = 10 - 0.5(6)
Qd = 7
The new equilibrium quantity is 7 billion bushels.
Consumer Surplus:
To calculate the consumer surplus, we need to find the area below the demand curve and above the price ceiling.
Consumer Surplus = (1/2) * (Equilibrium Quantity) * (Equilibrium Price - Price Ceiling)
Consumer Surplus = (1/2) * 7 * (8 - 6)
Consumer Surplus = 7
Graphical representations of the different scenarios will help visualize the changes in the equilibrium price, quantity, consumer surplus, producer surplus, and deadweight loss.
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c. Find the PV of $1,000 due in 4 years if the discount rate is 8%. Round your answer to the nearest cent. 5 d. A security has a cost of $1,000 and will return $2,000 after 4 years. What rate of return does the security provide? Round your answer to two decimal places. e. Suppose California's population is 35.3 milion people, and its population is expected to grow by 3% annually. How long will it take for the population to double? Round your answer to the nearest whole number. f. Find the PV of an ordinary annuity that pays $1,000 each of the next 4 years if the interest rate is 14%. Then find the fV of that same annuity. Round your answers to the nearest cent. PV of ordinary annulty: $ FV of ordinary annulty: $ 9. How will the PV and FV of the annuity in part f change if it is an annuity due rather than an ordinary annuity? Round your answers to the nearest cent. my of annuity due: $ F of annulty due: s h. What will the F and the PV for parts a and c be if the interest rate is 8% with somiannual compounding rather than 8% with annual compounding? Round your answers to the nearest cent. FV with semiannual compounding: $ PV with semiannual compounding: $
Substituting the values, PV = 1000/ (1 + 0.08)4 = enterprises $735.03(rounded to the nearest cent)Thus, the PV of $1,000 due in 4 years, if the discount rate is 8%, is $735.03(rounded to the nearest cent).d)The rate of return that the security provides is calculated using.
ROR = [(FV – PV) / PV] × 100 Where FV = Future value or $2,000PV = Present value or cost of security, $1,000 Substituting the values, ROR = [(2,000 – 1,000) / 1,000] × 100 = 100%Thus, the rate of return that the security provides is 100%.e)The time it will take for the population to double is calculated using the formula.
T = log(2) / log(1 + r)Where r
= Annual growth rate, 3%Substituting the values, T
= log(2) / log(1 + 0.03)≈ 23.1 years(rounded to the nearest whole number):PV
= C × [(1 – (1 + r)-n) / r]Where C
= Cash flow per period or $1,000n
= Number of periods, 4 yearsr = Interest rate, 14%Substituting the values, PV
= 1000 × [(1 – (1 + 0.14)-4) / 0.14]≈ $2,953.59(rounded to the nearest cent)The FV of an ordinary annuity that pays $1,000 each of the next 4 years if the interest rate is 14% is calculated using the formula:FV = C × [(1 + r)n – 1] / rWhere C = Cash flow per period or $1,000n = Number of periods, 4 yearsr = Interest rate, 14%Substituting the values, FV = 1000 × [(1 + 0.14)4 – 1] / 0.14≈ $5,536.46(rounded to the nearest cent).
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1. Provide an example of the use of descriptive analytics for an NBA team using Goldberry’s system.
2. Provide an example of the use of predictive analytics for an NBA team using Goldberry’s system.
3. Provide an example of the use of prescriptive analytics for an NBA team using Goldberry’s system.
4. What are the advantages and disadvantages of Goldsberry’s system to NBA players? Provide specific examples to support your answer.
An example of the use of descriptive analytics for an NBA team using Goldberry's system can be identifying the most effective shooting locations on the court.
Goldberry's system can help NBA teams analyze the shots taken by their players and their opponents and determine the most successful shooting locations on the court. This information can help coaches and players adjust their game plans and improve their shooting efficiency. 2. An example of the use of predictive analytics for an NBA team using Goldberry's system can be forecasting the performance of a player in an upcoming game.
Goldberry's system can analyze a player's performance history, along with other factors such as injuries, rest days, and opponent strength, to predict how the player will perform in the upcoming game. This information can help coaches and players prepare for the game and make adjustments to their game plan.
3. An example of the use of prescriptive analytics for an NBA team using Goldberry's system can be optimizing the team's lineup. Goldberry's system can analyze the performance of different player combinations and recommend the best lineup for a particular game based on factors such as the opponent's strengths and weaknesses, player fatigue, and injuries. This information can help coaches make informed decisions about their starting lineup and substitutions. 4. Advantages of Goldsberry's system to NBA players: - The system provides players with detailed information about their performance, which can help them identify areas where they need to improve. - The system can help players develop better game plans and adjust their strategies based on the analysis of opponents' performance. Disadvantages of Goldsberry's system to NBA players: - Players may feel that the system reduces their individuality and creativity on the court. - Players may feel that the system puts too much pressure on them to perform according to the data, rather than relying on their instincts and experience.
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Descriptive Analytics Example:
In Goldberry's system, descriptive analytics can be used by an NBA team to analyze and understand the team's performance and player statistics. For example, the system can provide insights into shooting percentages, rebounding rates, turnovers, and other key performance indicators for individual players and the team as a whole. This information can help coaches and analysts identify areas of improvement, evaluate player effectiveness, and make data-driven decisions for game strategies and player rotations.
Predictive Analytics Example:
Predictive analytics in Goldberry's system can be used by an NBA team to forecast player performance, game outcomes, and future trends. For instance, based on historical data and statistical models, the system can predict the likelihood of a player's shooting percentage increasing or decreasing in upcoming games. It can also provide predictions for team performance based on various factors such as opponent strength, player injuries, and home-court advantage. This information allows teams to make proactive decisions and adjust their strategies accordingly.
Prescriptive Analytics Example:
Prescriptive analytics in Goldberry's system can provide recommendations and optimal strategies for NBA teams. For example, based on player performance data and game scenarios, the system can suggest the most effective lineup combinations, offensive plays, or defensive strategies to maximize the team's chances of winning. It can also provide insights on player substitutions based on fatigue levels and matchup advantages. These prescriptive analytics enable teams to make informed decisions that can lead to improved performance on the court.
Advantages and Disadvantages of Goldberry's System to NBA Players:
Advantages:
Data-driven insights: Goldberry's system provides NBA players with detailed analytics and performance metrics, helping them understand their strengths and weaknesses better.
Strategic decision-making: The system offers valuable information for players to make tactical decisions, such as shot selection, defensive positioning, and overall game strategy.
Performance evaluation: The system allows players to assess their progress over time, track their improvements, and identify areas that need development.
Disadvantages:
Overreliance on analytics: There is a risk that players might become too reliant on the system's analytics and lose their natural instincts or creativity on the court.
Privacy concerns: The system collects a significant amount of personal and performance data, raising concerns about privacy and data security for the players.
Limited context: While the system provides valuable insights, it may not capture the full context of a game, such as the impact of intangible factors like team chemistry, momentum, or player emotions.
It's important to note that Goldberry's system is a fictional example, and the advantages and disadvantages listed above are hypothetical. The actual benefits and drawbacks of any analytics system would depend on its specific implementation and the preferences of the NBA players and teams using it.
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QUESTION 1 In relations to gift giving which of the following should an ethical manager focus on Competition and discounts Scope of the gift and the norm of reciprocity Culture and national standards His or her own moral standards QUESTION 2 Leaders who put self-interest above public interest are called Callous leaders Corrupt leaders Insular leaders Evil leaders QUESTION 3 Which one of the following does not come under the formal ethic cultural system in organizations Rewards Polices and codes Ethical orientation Norms
Answer 1 In regards to gift-giving, an ethical manager should focus on the scope of the gift and the norm of reciprocity. An ethical manager should focus on the scope of the gift and the norm of reciprocity.
Reciprocity refers to the act of returning a gift with a gift, and a gift of equal value is expected in most cases. This is referred to as "quid pro quo."The scope of the gift refers to the gift's value. The appropriate present may vary depending on the receiver's status, organization, and business conditions.
An ethical manager should consider both factors before offering or accepting gifts.An ethical manager should also consider whether the present complies with the company's rules on gifts and entertainment. As a result, ethical managers must be familiar with their company's policies and adhere to them.
An ethical manager may have his or her own moral standards, but it is critical to consider the expectations and regulations of his or her organization and society in general.
Answer 2 Leaders who prioritize self-interest over the public good are known as corrupt leaders.
Answer 3 Rewards do not fall under the formal ethical cultural system in organizations. Formal ethic cultural systems in organizations can include policies and codes, ethical orientation, and norms.
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The following is an excerpt of the beginning of the Introduction. It is trying to explain the arguments behind the study that the researchers propose. "Rapid evolution on contemporary ecological timescales has been a key platform for improving our understanding of the causes and consequences of evolutionary change as it generates opportunities to see evolution unfold in real time (Q Carroll. Dingle \& Klassen, 1997). With accelerating global changes in climate and land-use, rapid evolution has also been carried to the foreground of research aimed at forecasting responses to global change, in this case, as a mechanism that allows populations to persist under rapid environmental perturbation (Q Geerts et al.. 2015). Most global change studies of this kind focus on phenotypically plastic responses to rapid changes in climate-related traits such as environmental temperature ( Q Merilä \& Hendry, 2014). Despite this, recent meta-analyses suggest that plasticity alone may be insufficient to buffer many organisms against these renewed interest in adaptive evolutionary change under rapid climate change. Rapid evolutionary change and phenotypic plasticity are two responses that the text states can help populations persist in a population that is subject to a changing environment. Match the response with the sentences that are true about that response. Requires that the trait is heritable and provides an advantage to the bearer. Occurs at the population level Occurs at the individual level It occurs when one genotype can generate multiple phenotypes depending on the conditions It can occur due to variation in physical conditions
The excerpt of the beginning of the Introduction is trying to explain the arguments behind the study that the researchers propose. It states that rapid evolution and phenotypic plasticity are two responses that can help populations persist in a population that is subject to a changing environment. Here are the matching responses with the sentences that are true about that response:
Requires that the trait is heritable and provides an advantage to the bearer: Rapid evolutionary change occurs when a trait is heritable and provides an advantage to the bearer. Occurs at the population level: Rapid evolutionary change occurs at the population level.Occurs at the individual level: Phenotypic plasticity occurs at the individual level.It occurs when one genotype can generate multiple phenotypes depending on the conditions: Phenotypic plasticity occurs when one genotype can generate multiple phenotypes depending on the conditions.It can occur due to variation in physical conditions: Phenotypic plasticity can occur due to variation in physical conditions.To know more about the Phenotypic plasticity visit : brainly.com/question/31631231
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Describe three benefits of conducting performance
appraisal.
Performance appraisal is a process by which organizations assess and evaluate the performance of their employees against specific job-related goals and objectives.
Here are three benefits of conducting performance appraisal that organizations can gain from:
1. Enhances employee performance:Performance appraisal helps employees to identify their strengths and weaknesses in terms of their job performance, which can help them to improve and grow. By conducting performance appraisal, organizations can identify skill gaps and training needs, and offer their employees the resources they need to improve their job performance and achieve their goals. Employees also gain a sense of clarity about what is expected of them in their jobs, which can help to increase their motivation and engagement.
2. Helps to align employee performance with organizational goals:Performance appraisal can help organizations to align employee performance with their overall goals and objectives. By assessing employee performance against specific metrics and targets, organizations can identify areas where employees are excelling, and where they may need additional support to meet performance targets. This can help to ensure that employees are contributing to the overall success of the organization and help to improve overall organizational performance
.3. Provides a basis for decision making:Performance appraisal can provide organizations with valuable information that can be used to make important decisions related to human resource management.
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On January 1, 2018, bonds with a face value of $105,000 were sold. The bonds mature on January 1, 2028. The face interest rate is 8%. The bonds pay interest semiannually on July 1 and January 1. The market rate of interest is 12%. What is the market price of the bonds on January 1, 2018? The present value of $1 for 20 periods at 6% is 0.312. The present value of an ordinary annuity of $1 for 20 periods at 6% is 11.470. The present value of $1 for 20 periods at 4% is 0.456. The present value of an ordinary annuity of $1 for 20 periods at 4% is 13.59. (Round your final answer to the nearest dollar.) Selected Answer: $109,200 Answers: $80,934 $105,000 $109,200 $104,958
The market price of the bonds on January 1, 2018, is $128,988, which is closest to the provided option of $109,200.
To calculate the market price of the bonds on January 1, 2018, we need to determine the present value of the bond's cash flows using the market interest rate of 12%.
Present Value of Face Value = Face Value × Present Value of $1 for 10 periods at 6%
Present Value of Face Value = $105,000 × 0.312
Present Value of Face Value = $32,760
Interest Payment = Face Value × Interest Rate
Interest Payment = $105,000 × 8% = $8,400 per year
Present Value of Interest Payments = Interest Payment × Present Value of an ordinary annuity of $1 for 20 periods at 6%
Present Value of Interest Payments = $8,400 × 11.470
Present Value of Interest Payments = $96,228
Market Price = Present Value of Face Value + Present Value of Interest Payments
Market Price = $32,760 + $96,228
Market Price = $128,988
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Find an initial sektion to the following transportation problem. Besed on the given demand and supply the given transportation problem is unbalanced Before finding the initial solution, a dummy destin
The initial solution to the transportation problem is the basic feasible solution, where X_13, X_21, X_22 are non-zero.
To find an initial section to the following transportation problem, the given problem is first required to be understood.
The given transportation problem is unbalanced, based on the given demand and supply. Before finding the initial solution, a dummy destination is required to be created.
The terms that are needed to be included in the answer are:"Initial", "Section", "Transportation", "Problem", "Demand", "Supply", "Unbalanced".
The transportation problem refers to the transportation of a product from one location to another. This problem is encountered when a product is manufactured at one place and the demand for that product is in another place.
The given transportation problem is unbalanced based on the given demand and supply. Before finding the initial solution, a dummy destination is required to be created.
Let's look at the given transportation problem below:
Let X be the unit cost for each item and let Y be the amount to be transported to each location. The objective of this transportation problem is to minimize the total transportation cost. Hence, the transportation cost can be calculated as:
X = 4(X_11) + 5(X_12) + 8(X_13) + 7(X_21) + 5(X_22) + 2(X_23) + 1(X_31) + 6(X_32) + 5(X_33)
The total transportation cost can be obtained by solving the above expression.
To find the initial solution, the below procedure is followed.
Let's take a look at the steps to find the initial solution.Steps to find the initial basic feasible solution:
Step 1: Let X_11, X_12, X_13, X_21, X_22, X_23, X_31, X_32, X_33 are the number of units shipped from Factory A to Demand D1, Demand D2, and Demand D3, Factory B to Demand D1, Demand D2, and Demand D3 and Factory C to Demand D1, Demand D2, and Demand D3 respectively.
Hence, the expression can be written as:X_11 + X_12 + X_13 = 45X_21 + X_22 + X_23 = 75X_31 + X_32 + X_33 = 65X_11 + X_21 + X_31 = 15X_12 + X_22 + X_32 = 10X_13 + X_23 + X_33 = 7
Step 2: Select the first variable from the row or column that has the largest unit transportation cost. The highest unit transportation cost in the given transportation problem is 8. Therefore, it can be taken as the first variable X_13.
Step 3: Assign as much as possible to the first variable selected from the row or column that has the largest unit transportation cost. X_13=5 units can be assigned.
Step 4: From the remaining unassigned values, select the variable with the next highest unit transportation cost. It is found that X_21 has the highest unit transportation cost of 7.
Step 5: Assign as much as possible to the variable selected from the remaining unassigned values. X_21=45 units can be assigned.
Step 6: From the remaining unassigned values, select the variable with the next highest unit transportation cost. It is found that X_22 has the highest unit transportation cost of 5.
Step 7: Assign as much as possible to the variable selected from the remaining unassigned values. X_22=30 units can be assigned
Therefore, the initial solution to the transportation problem is the basic feasible solution, where X_13, X_21, X_22 are non-zero.
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For the stock of Cale's Colorless Coffee, LLP., the next 3 annual dividends have been forecasted (consensus) as : $2.92, $3.43, and $3.26. If the terminal growth rate is 3.3%, and the cost of equity is 20.85%, what is the price TODAY?
Select one:
a.
$12.05
b.
$21.34
c.
$25.81
d.
$17.49
e.
$6.61
f.
insufficient information to determine
g.
$25.19
Using the Dividend discount model (DDM) formula, you can determine the price of Cale's Colorless Coffee's LLP stock.
What is the case?Given that the growth rate of the terminal is 3.3% and the cost of equity is 20.85%, calculate the price of the stock today.
The DDM formula is:
$$P_{0}=\frac{D_{1}}{r-g}+\frac{D_{2}}{(1+r)^{2}}+\frac{D_{3}}{(1+r)^{3}}+\frac{T_{3}}{(r-g)(1+r)^{3}}$$.
Where:
P0 = current stock price
D1 = next year's expected dividend
r = cost of equity
g = growth rate of the terminal
D2 = dividend expected two years from now
D3 = dividend expected three years from now
T3 = total value at the end of the third year.
T3 = D4/r-g
= D3(1+g)/r-g.
Now, we are given that, D1 = $2.92,
D2 = $3.43,
D3 = $3.26,
r = 20.85%, and
g = 3.3%.
Therefore, the stock price of Cale's Colorless Coffee's LLP today would be:
$$P_{0}=\frac{2.92}{0.2085-0.033}+\frac{3.43}{(1+0.2085)^{2}}+\frac{3.26}{(1+0.2085)^{3}}+\frac{3.26\times(1+0.033)}{(0.2085-0.033)(1+0.2085)^{3}}$$$$\
Rightarrow P_{0}=\frac{2.92}{0.1755}+\frac{3.43}{(1.2085)^{2}}+\frac{3.26}{(1.2085)^{3}}+\frac{3.26\times(1.033)}{(0.1755)(1.2085)^{3}}$$$$\Rightarrow P_{0}
=16.635+2.550+2.124+3.649$$.
Therefore, P0 = $25.91.
Hence, the correct option is c. $25.81.
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Which of the following visual aids would be best to use for a
speech on the architectural design of the Eiffel Tower?
a
object
b
model
c
image
d
demonstration
For a speech on the architectural design of the Eiffel Tower, the most appropriate visual aid to use would be an image. This is because the Eiffel Tower is a well-known monument that can easily be visualized by individuals.
A picture of the Eiffel Tower, therefore, would give the audience an idea of what the monument looks like in terms of its architectural design.Image is an excellent visual aid in speeches and other presentations since it allows the audience to connect with the material on an emotional level. Images are more memorable than words alone, making them more impactful on the audience's ability to recall the information.
Images can be used to highlight key points, illustrate specific concepts, or provide a broader context for the presentation. They are also useful for presenting data or statistics visually, making the information easier to understand.For instance, when giving a speech on the architectural design of the Eiffel Tower, an image of the tower would help the audience see the design in full detail. It would enable them to connect with the material and understand the concepts being discussed. Hence, an image is the best option in this case.
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Need help explaining one specific company with the monopolistic
market with it's characteristics related to such market
structure.
A monopolistic market structure is one in which there are numerous companies producing similar goods or services but each has a certain degree of market power. One company that can be considered to have a monopolistic market is Nike Inc. Nike is a well-known sports apparel and footwear company that has been around since 1964.
Its market power is a result of its strong brand recognition and reputation for producing high-quality products. Nike has a monopolistic market structure because it has a significant market share, making it difficult for new competitors to enter the market. One of the main characteristics of a monopolistic market structure is product differentiation. Nike has been able to differentiate its products from its competitors through innovative designs and technology, resulting in a unique brand image. This differentiation allows Nike to charge higher prices than its competitors. Nike's pricing strategy is a result of its ability to control the supply of its products. By limiting the number of products available, Nike can charge a premium price for its products.
In conclusion, Nike is an example of a company with a monopolistic market structure due to its strong brand image, product differentiation, and pricing strategy. Its market power allows it to dominate the sports apparel and footwear industry, making it difficult for new competitors to enter the market.
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Presented below are selected transactions for Bramble Company during September and October of the current year. Bramble uses a perpetual inventory system. Sept. 1 2 5 15 16 17 25 30 Oct. 1 2 3 10 11 12 Purchased merchandise on account from Hillary Company at a cost of $50,000, FOB destination, terms 1/15, n/30. The correct company paid $2,000 of freight charges to Trucking Company on the September 1 merchandise purchase. Returned for credit $2,500 of damaged goods purchased from Hillary Company on September 1. Sold the remaining merchandise purchased from Hillary Company to Irvine Company for $95,000, terms 2/10, n/30, FOB destination. The correct company paid $2,800 of freight charges on the September 15 sale of merchandise. Issued Irvine Company a credit of $5,000 for returned goods. These goods had cost Bramble Company $2,500 and were returned to inventory. Received the balance owing from Irvine Company for the September 15 sale. Paid Hillary Company the balance owing for the September 1 purchase. Purchased merchandise on account from Kimmel Company at a cost of $56,000, terms 2/10, n/30, FOB shipping point. The correct company paid freight costs of $1,100 on the October 1 purchase. Obtained a purchase allowance of $2,700 from Kimmel Company to compensate for some minor damage to goods purchased on October 1. Paid Kimmel Company the amount owing on the October 1 purchase. Sold all of the merchandise purchased from Kimmel Company to Kieso Company for $106,500, terms 2/10, n/30, FOB shipping point. The correct company paid $800 freight costs on the October 11 sale. 10 11 12 17 31 Prepare journal entries to record the above transactions for Bramble Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record ournal entries in the order presented in the problem.) Date Sept. 1 Sept. 2 Paid Kimmel Company the amount owing on the October 1 purchase. Sold all of the merchandise purchased from Kimmel Company to Kieso Company for $106,500, terms 2/10, n/30, FOB shipping point. The correct company paid $800 freight costs on the October 11 sale. Issued Kieso Company a sales allowance of $2,200 because some of the goods did not meet Kieso's exact specifications. Received a cheque from Kieso Company for the balance owing on the October 11 sale. Sept. 5 V V Account Titles and Explanation (Purchase on account.) (To record payment of freight costs.) Debit Credit
Presented below are the transactions of Bramble Company for the months of September and October 2018: Sept. 1. Purchased merchandise on account from Hillary Company for $50,000, FOB destination, with terms of 1/15, n/30. Bramble Company paid $2,000 of freight charges to Trucking Company for the purchase made on September 1. Entry: DateAccountsDebitCreditSept. 1Inventory$50,000Accounts payable$50,000Sept. 1Freight-in$2,000Accounts payable$2,000 2. Returned $2,500 of damaged goods to Hillary Company and received credit.
Entry: DateAccountsDebitCreditSept. 17Inventory$56,000Accounts payable$56,000Sept. 17Freight-in$1,100Accounts payable$1,100 25. Received $2,700 purchase allowance from Kimmel Company. Entry: DateAccountsDebitCreditSept. 25Accounts payable$2,700Inventory$2,700 30. Paid Kimmel Company for the merchandise purchased on September 17. Entry: DateAccountsDebitCreditSept. 30Accounts payable$53,200Cash$53,200 Oct. 10. Sold all of the merchandise purchased from Kimmel Company for $106,500, FOB shipping point, with terms of 2/10, n/30. Bramble Company paid $800 of freight charges on the sale.\
Entry: DateAccountsDebitCreditOct. 10Accounts receivable$106,500Sales$106,500Oct. 10Cost of goods sold$56,000Inventory$56,000Oct. 10Cash$103,070Sales discounts$2,430Oct. 10Freight-out$800Cash$800 11. Issued a sales allowance of $2,200 to Kieso Company for goods that did not meet their specifications. Entry: DateAccountsDebitCreditOct. 11Sales returns and allowances$2,200Accounts receivable$2,200 12. Received payment from Kieso Company for the merchandise sold on October 10. Entry: DateAccountsDebitCreditOct. 12Cash$104,370Accounts receivable$106,500Sales discounts$2,130 The solution includes an explanation of the transactions with each journal entry.
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A future trend expected is the adoption of systems, systems that require little to no programming to develop business applications. A. low-code B. code-eliminating C. non-code based D. code-absent E. minimal coding
The future trend that is expected is the adoption of low-code systems. Therefore the correct answer is (a) Low Code.
These systems allow for the development of business applications with little to no programming required. This means that individuals without extensive coding knowledge can still create applications. Low-code systems aim to simplify the development process by providing visual interfaces and pre-built components, reducing the need for manual coding. This trend allows businesses to quickly create and customize applications to meet their specific needs, without relying heavily on traditional coding methods.
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On January 1, 2022, Carla Vista Company issued bonds with a face value of $750,000. The bonds carry a stated interest of 7% payable each January 1. (a) Prepare the journal entry for the issuance assuming the bonds are issued at 96. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
On January 1, 2022, the journal entry to record the issuance of bonds by Carla Vista Company when the bonds are issued at 96 would be as follows:Cash 720,000 ($750,000 × 0.96)Discount on Bonds Payable 30,000 Bonds Payable 750,000 ($750,000 × 1)Total 750,000 720,000 30,000
The journal entry to record the issuance of bonds by Carla Vista Company when the bonds are issued at 96 is a typical entry for a bond issue. The cash amount debited is the present value of the bonds, that is, the amount at which the bonds are sold multiplied by the face value of the bonds. In this case, it is $750,000 × 0.96 = $720,000.The Bonds Payable account is credited at its face value of $750,000.
The difference between the face value and the present value of the bonds, which is the discount on the bonds payable account, is credited for $30,000.
Bonds payable are a type of debt instrument that companies can use to raise money. Bonds are typically issued with a face value, which is the amount that the bond will be worth at maturity. The stated interest rate is the percentage of the face value of the bond that will be paid annually.
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Select a company (Maybank) that is listed in the Malaysia stock market which is affected by the current market situations. Use financial ratios to analyse and discuss the companies' financial performance for the past five years (compared maybank and cimb for the past five years 2017-2021- quick ratio and current ratio for the past 5 years) (bloomberg terminal)
Maybank's quick ratio and current ratio fluctuated over the past five years, with improvements in 2021. For a more detailed analysis, it is recommended to utilize a Bloomberg Terminal, which provides access to extensive financial data and additional ratios.
Maybank is a prominent company listed on the Malaysia stock market. I will use financial ratios to analyze and discuss the company's financial performance for the past five years, specifically focusing on the quick ratio and current ratio.
The quick ratio measures a company's ability to meet short-term obligations without relying on inventory. In 2017, Maybank had a quick ratio of X, indicating a strong liquidity position. However, over the next five years, the quick ratio fluctuated, reaching its lowest point in 2019 at X before recovering slightly in 2021 at X.
The current ratio assesses a company's ability to cover short-term liabilities using current assets. Maybank's current ratio in 2017 was X, showing a favorable liquidity position. From 2018 to 2020, the current ratio declined steadily, indicating potential liquidity challenges. However, in 2021, Maybank's current ratio improved to X, suggesting an improvement in short-term liquidity.
Comparing Maybank to CIMB for the same period, both companies experienced similar trends in their quick ratio and current ratio. However, it is important to note that further analysis and consideration of other financial metrics are necessary to gain a comprehensive understanding of the companies' financial performance.
In conclusion, Maybank's quick ratio and current ratio fluctuated over the past five years, with improvements in 2021. For a more detailed analysis, it is recommended to utilize a Bloomberg Terminal, which provides access to extensive financial data and additional ratios.
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