The phases of alliance management include partner selection and alliance formation, tacit and explicit knowledge collaboration, alliance design and governance, and post-formation alliance management.
1. Partner selection and alliance formation: This phase involves identifying potential partners and evaluating their compatibility, capabilities, and strategic fit with the organization. It includes establishing the goals and objectives of the alliance and formalizing the partnership agreement.
2. Tacit and explicit knowledge collaboration: In this phase, partners share their knowledge and expertise to achieve mutual benefits. It involves exchanging information, best practices, and resources, both in explicit form (documented knowledge) and tacit form (personal expertise).
3. Alliance design and governance: This phase focuses on establishing effective governance structures and decision-making processes within the alliance. It involves defining roles, responsibilities, and rules for managing the partnership and resolving conflicts.
4. Post-formation alliance management: This phase involves ongoing monitoring, evaluation, and adjustment of the alliance to ensure its effectiveness and value creation. It includes performance measurement, relationship maintenance, and adapting the alliance to changing circumstances.
In conclusion, the phases of alliance management include partner selection and alliance formation, tacit and explicit knowledge collaboration, alliance design and governance, and post-formation alliance management.
For more such questions on alliance management:
https://brainly.com/question/29423013
#SPJ11
Computer equipment was acquired at the beginning of the year at a cost of $66,600 that has an estimated residual value of $4,100 and an estimated useful life of five years. Determine the (a) depreciable cost, (b) straight-line rate, and (c) annual straight-line depreciation.
Answer:
Depreciable cost = Cost of equipment - residual value
Depreciable cost = 66,600 - 4,400
= $2,200
Annual depreciation = cost - residual value / useful life
Annual depreciation = 66,600 - 4,400 / 5
= 12,440
Straight-line rate = Annual depreciation expense / cost - residual value
Straight-line rate = 12,400 / 66,600 - 4,400
= 0.199
Frantic Fast Foods had earnings after taxes of $1,200,000 in 20X1 with 315,000 shares outstanding. On January 1, 20X2, the firm issued 28,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 29 percent.
a. Compute earnings per share for the year 20X1. (Round your answer to 2 decimal places.)
Given information:Earnings after taxes in 20X1 = $1,200,000 Number of shares outstanding = 315,000New shares issued = 28,000Increase in earnings after taxes = 29%Calculation of earnings per share for the year 20X1:EPS = Earnings after taxes / Number of shares outstanding
EPS = $1,200,000 / 315,000EPS = $3.81 per shareCalculation of earnings after taxes in 20X2:New shares issued = 28,000Number of shares outstanding in 20X2 = 315,000 + 28,000 = 343,000Earnings after taxes in 20X2 = Earnings after taxes in 20X1 × (1 + Increase in earnings after taxes)Earnings after taxes in 20X2 = $1,200,000 × (1 + 0.29)Earnings after taxes in 20X2 = $1,548,000Calculation of earnings per share in 20X2:EPS = Earnings after taxes / Number of shares outstandingEPS = $1,548,000 / 343,000EPS = $4.51 per share
Therefore, the earnings per share for the year 20X1 is $3.81. Frantic Fast Foods has earnings after taxes of $1,200,000 in 20X1 with 315,000 shares outstanding. The earnings per share for the year 20X1 can be calculated as follows: EPS = Earnings after taxes / Number of shares outstanding. On substituting the given values, we get EPS as $3.81 per share.On January 1, 20X2, Frantic Fast Foods issued 28,000 new shares. The number of shares outstanding in 20X2 becomes 343,000. As per the given information, the earnings after taxes increased by 29% due to the proceeds from these new shares and other operating improvements. Thus, the earnings after taxes in 20X2 can be calculated using the following formula:Earnings after taxes in 20X2 = Earnings after taxes in 20X1 × (1 + Increase in earnings after taxes)After substituting the values, we get the earnings after taxes in 20X2 as $1,548,000. Hence, the earnings per share in 20X2 can be calculated as follows: EPS = Earnings after taxes / Number of shares outstanding. On substituting the given values, we get EPS as $4.51 per share.
To know more about shares visit:
https://brainly.com/question/32328563
#SPJ11
A performance review meeting was arranged by Helena at New Delhi office to discuss the biannual performance review with Sofia. The details are as under: Helena: I have scheduled this meeting to discuss your mid-year performance review. Sofia: Yes, I was expecting this for a while. Helena: Good! So how do you see your last quarterly performance? Sofia: I think I have put in a lot of efforts. Helena: But you did not achieve your targets. Sofia: I have shared apt profiles and tried my level best. Helena: Your target was a multiple of five and you only got 3.4, that's way too short. Sofia: You are well aware that several of my candidates got job offers, however seven of the candidates did not join. Helena: This was part of our business; you should have taken care of it. Sofia: No I could not, you were expecting too much. Helena: You were not getting any salary hike or a promotion this term. Sofia: "How could you do that"? Helena: This is the decision of the boss. Sofia: But even the boss cannot ignore my efforts and contribution to this organization. I am not at all satisfied with our existing incentive structuring. Helena: I got your point. But we are bounded by the rules of the company. Every other employee gets incentive and hikes based on the existing incentive strategy of the company. You are no exception. Sofia: But you are well aware of the fact that the analytics industry is highly competitive and prospects have multiple job offers while serving their notice period. Importantly, the client that we work for, was not an industry leader, therefore there is a high dropout ratio. Question: 1. Identification of the main issues. Human Resources management Problem? 2. Analysis and evaluation of the issues
A performance review meeting was arranged by Helena at New Delhi office to discuss the biannual performance review with Sofia:
1. Identification of the main issues. Human Resources management Problem: The main issues identified in the biannual performance review meeting are: Performance management or employee evaluation or performance appraisal issue. Incentive structuring or salary hike or promotion issue. Employee retention issue. Lack of adequate knowledge of market standards and competition analysis issue. Lack of proper HR management strategies and techniques.2. Analysis and evaluation of the issues Performance management or employee evaluation or performance appraisal issue: In this meeting, the manager, Helena was discussing with Sofia her biannual performance review and providing feedback on her performance during the last quarterly performance review. Sofia tried her level best to achieve the targets set for her, but unfortunately, she could not meet them. However, she felt that her contributions to the organization should be considered even if she did not achieve her targets. This issue can be evaluated and addressed through proper employee evaluation methods and performance appraisal techniques that can recognize and appreciate employees' efforts and contributions. Incentive structuring or salary hike or promotion issue: Sofia expressed her dissatisfaction with the existing incentive structure of the organization, stating that it did not match the market standards and competition analysis in the analytics industry. She felt that her contributions to the organization should be recognized through incentives, salary hikes, or promotions. This issue can be evaluated and addressed through proper HR management strategies that recognize employee contributions and adjust the incentive structure to match the market standards and competition analysis. Employee retention issue: The company has a high employee dropout ratio, which affects its overall performance and productivity. This issue can be evaluated and addressed through proper HR management strategies and techniques that can identify the reasons for high employee turnover rates and develop measures to retain employees, such as better incentive structures and employee engagement programs. Lack of adequate knowledge of market standards and competition analysis issue: Sofia highlighted the fact that the existing incentive structure of the organization did not match the market standards and competition analysis in the analytics industry. This issue can be evaluated and addressed through proper market research and analysis of competition standards that can inform the organization's incentive structure and HR management strategies Lack of proper HR management strategies and techniques: The issues identified in the biannual performance review meeting can be traced back to the lack of proper HR management strategies and techniques that can recognize and appreciate employee contributions, adjust incentive structures, develop measures to retain employees, and conduct market research and analysis. This issue can be evaluated and addressed through proper HR management training and development programs that can equip HR managers with the necessary skills and knowledge to develop and implement effective HR management strategies and techniques.
Learn more about Human Resources management here: https://brainly.com/question/14718429
#SPJ11
______ integration focuses and guides the project team toward itsobjectives.
Strategic integration focuses and guides the project team toward its objectives.
Strategic integration is a critical aspect of project management that involves aligning project activities and efforts with the overall strategic goals and objectives of an organization. It ensures that the project team works cohesively and collaboratively to achieve the desired outcomes.
By emphasizing strategic integration, the project team maintains a clear understanding of the broader organizational vision and how the project contributes to it. This integration enables the team to make informed decisions, prioritize tasks, allocate resources effectively, and coordinate efforts across different functions and stakeholders.
Strategic integration serves as a guiding framework for the project team by providing a roadmap and direction. It helps in establishing a common understanding of project goals, defining key performance indicators, and setting milestones. Through this alignment, the team can better track progress, measure success, and make necessary adjustments throughout the project lifecycle.
Furthermore, strategic integration fosters communication and collaboration among team members, stakeholders, and project sponsors. It encourages cross-functional cooperation, knowledge sharing, and the integration of diverse perspectives. By integrating inputs and insights from various stakeholders, the project team can develop more comprehensive and effective strategies to overcome challenges and achieve project objectives.
Overall, strategic integration is crucial for the project team to stay focused, aligned, and directed toward achieving the intended outcomes. It ensures that the project is not pursued in isolation but is integrated within the broader organizational context, maximizing its potential for success and value creation.
To learn more about Strategic integration refer here:
https://brainly.com/question/31104218
#SPJ11
Which of the following does NOT terminating an offer? 0 a. Acceptance Ob. A counter offer. O c. A set expiry date. Od. The passage of a reasonable amount of time. e. The death of the person who made the offer.
The option that does not terminate an offer is "d. The passage of a reasonable amount of time."
The expiration of an offer is subject to a number of conditions, and it does not happen simply because an acceptable length of time has passed. If the offer contains a specific expiration date, the offer may expire on that day (option c). The offer is terminated when it is accepted (option a), indicating that the buyer intends to enter into a legal agreement.
Similar to a counteroffer, which ends the initial offer and offers new terms, is option b. However, the offer is revoked by the death of the maker (option e) because they are no longer able to carry out the conditions.
Learn more about Offer termination:
brainly.com/question/8866478
#SPJ4
Question 5 ICLO 6] Which investment project is guaranteed to be accepted for an evaluation useful life of 6 years and value of MARS not oqund to 07 O Project with no discounted payback period O Project with simple payback period 6 years O Project with AW of $5 O Project with IRR of 2% O Project with IRR 15% O Project with AW of $100
The investment project guaranteed to be accepted for an evaluation useful life of 6 years and a value of MARS not oqund to 07 is the project with a simple payback period of 6 years.
What is the Payback Period Method?Payback Period Method is a straightforward method that enables an investor to analyze a potential investment's economic life and profitability. The Payback Period Method entails calculating the length of time it takes to recoup the initial investment's cost.
The Payback Period is the period it takes for a venture to recover its initial investment costs.Investors use the payback period approach to evaluate investment possibilities. It is essential to examine a potential investment's payback period since investors desire a shorter payback period for their investment
Learn more about investment at;
https://brainly.com/question/17191349
#SPJ11
6. All of the following are responsibilities of the Fed EXCEPT:
A) control the monetary base. B) mint bills and coins.
C oversee and regulate the banking system.
D) set the interest (referred to as the discount) rate.
The correct answer is B) Mint bills and coins, as that responsibility lies with the United States Department of the Treasury.
A) Control the monetary base: This is indeed one of the primary responsibilities of the Fed. It conducts monetary policy to influence the money supply and ensure price stability and economic growth.
B) Mint bills and coins: This responsibility falls under the purview of the United States Department of the Treasury, not the Federal Reserve. The Treasury is responsible for coinage and currency production.
C) Oversee and regulate the banking system: This is another important responsibility of the Fed. It supervises and regulates banks to maintain the stability and soundness of the financial system.
D) Set the interest (referred to as the discount) rate: This is also a responsibility of the Fed. It sets the discount rate, which influences borrowing costs and helps manage the overall monetary policy.
Learn more about economic growth.
https://brainly.com/question/29621837
#SPJ4
There are four resources in a medical billing process. The unit load (Tp) of each resource unit to process one flow unit (a medical bill) is given below: Mailroom Clerk 17 min. Data- entry clerk 14 min. Claim processor 7 min. Claim supervisor 5 min. These numbers already include capacity waste factors. There are 1 resource units in the mailroom clerk resource pool, 5 resource units in the data-entry clerk resource pool, 2 resource units in the claim processor resource pool, and 3 resource units in the claim supervisor resource pool. Process utilization is 0.9. (Hint: you do not need utilization in computing capacities.) Compute the hourly effective capacity of the mailroom clerk resource pool.
The business is following the fiscal period concept, the matching principle, the revenue recognition principle, and the time period principle by recording the accounting work as revenue, debiting Accounts Receivable, and considering the timing of payment within the specific time period.
In this scenario, several accounting principles and concepts are being followed.
Fiscal period concept: This concept states that a business should divide its financial activities into specific time periods, typically a year, for reporting purposes.
Matching principle: According to the matching principle, expenses should be recognized in the same period as the related revenue. By debiting Accounts Receivable and crediting Revenue for the accounting work done, the business is following this principle, ensuring that the revenue is recorded in the same period as the corresponding expenses.
Revenue recognition principle: The revenue recognition principle states that revenue should be recognized when it is earned and realizable, regardless of the timing of payment. In this case, even though the payment is due in 30 days, the business has recognized the revenue by crediting the Revenue account.
Time period principle: The time period principle suggests that the financial activities of a business should be divided into specific and consistent time periods, enabling meaningful analysis and comparison.
To know more about fiscal period click here
brainly.com/question/27882622
#SPJ11
Is the policymaking in Australia "captured" by corporate
interests?
Policymaking in Australia is not entirely captured by corporate interests, there is evidence of a level of influence from the corporate interests, but the policymaking process is generally independent and driven by a range of stakeholders.
There are many levels of consultation, and a range of stakeholders, including interest groups, social groups, political parties, and individuals, who provide input into the policy-making process. This ensures that policymaking is responsive to the needs of all Australians, rather than simply being driven by the interests of a small group of powerful corporations.A key factor in the policymaking process is transparency, which ensures that all stakeholders can have input and that the process is open and accountable.
This transparency also allows for independent oversight, which ensures that policymaking is fair and unbiased.Therefore, while there is some level of influence from corporate interests in the policymaking process, the process is generally independent and driven by a range of stakeholders, ensuring that the interests of all Australians are taken into account.
Learn more about policy-making at :
https://brainly.com/question/29551087
#SPJ11
Which of the following items reflects the active trading life of the security in question?
real risk free rate
maturity risk premium
inflation premium
default risk premium
Maturity risk premium reflects the active trading life of the security in question. Option B is the correct answer.
In order to offset the increased risk of future interest rate changes, a long-term bond often provides a maturity risk premium in the form of a higher built-in rate of return. Higher interest rate risk is associated with longer-term securities due to their longer tenure.
The projected rates of return on longer-term assets are usually higher than rates on shorter-term securities to make up for the additional risk that investors are assuming. The maturity risk premium refers to this. The maturity term establishes the time frame for which investors may recover their initial investments for the majority of securities. Investors must wait longer and longer throughout this period.
Learn more about Asset here:
https://brainly.com/question/30468228
#SPJ4
The complete question is, "Which of the following items reflects the active trading life of the security in question?
A. real risk free rate
B. maturity risk premium
C. inflation premium
D. default risk premium"
Given the following:
Money Supply = $200
Velocity = 2.5
Real GDP = 500
Find nominal GDP and Price Level
Given the following:
Tax Rate = 25%
Nominal Return = 8%
Inflation Rate = 3%
Find the bef
The nominal GDP is $500 and the price level will be 1, and the before-tax real return is 5% and the after-tax real return is 3.75%.
To find the nominal GDP and price level, we can use the equation of quantity theory of money;
Nominal GDP = Money Supply × Velocity
Using the given values;
Money Supply = $200
Velocity = 2.5
Nominal GDP = $200 × 2.5
Nominal GDP = $500
To find the price level, we can rearrange the equation as;
Price Level = Nominal GDP / Real GDP
Given values;
Nominal GDP = $500
Real GDP = 500
Price Level = $500 / 500
Price Level = 1
Therefore, the nominal GDP is $500 and the price level is 1.
To find the before-tax and after-tax real return, we can use the following formulas;
Before-tax real return = Nominal Return - Inflation Rate
After-tax real return = (1 - Tax Rate) × Before-tax real return
Given values;
Nominal Return = 8%
Inflation Rate = 3%
Tax Rate = 25%
Before-tax real return = 8% - 3%
Before-tax real return = 5%
After-tax real return = (1 - 0.25) × 5%
After-tax real return = 0.75 × 5%
After-tax real return = 3.75%
Therefore, the before-tax real return is 5% and the after-tax real return is 3.75%.
To know more about nominal GDP here
https://brainly.com/question/13105292
#SPJ4
--The given question is incomplete, the complete question is
"Given the following: Money Supply = $200Velocity = 2.5Real GDP = 500Find nominal GDP and Price Level Given the following: Tax Rate = 25%Nominal Return = 8%Inflation Rate = 3%Find the before tax and after-tax real return."--
which unemployment rate do most economists consider to be acceptable in the united states? 0 percent 5 percent 10 percent
Most economists consider the unemployment rate of 5 percent to be acceptable in the United States. Unemployment occurs when people who are willing and able to work do not have jobs and actively search for work.
The unemployment rate is a percentage of the labor force that is unemployed. This rate is calculated by dividing the number of unemployed individuals by the total number of individuals in the labor force.The natural rate of unemployment is the rate at which the economy operates at full employment, meaning everyone who is willing and able to work has a job. When the actual unemployment rate is higher than the natural rate, it is called cyclical unemployment, which occurs when the economy goes into recession and businesses begin to lay off workers. Structural unemployment, on the other hand, occurs when workers do not have the necessary skills for the available jobs or when technological changes result in job losses. Most economists believe that an unemployment rate of about 5 percent is acceptable. A rate below 5 percent indicates that the labor market is healthy and that employers are having difficulty finding workers to fill jobs. An unemployment rate above 5 percent suggests that the labor market is weak and that there are more job seekers than available jobs.
Therefore, most economists consider the unemployment rate of 5 percent to be acceptable in the United States.
Learn more about unemployment at
https://brainly.com/question/17272067
#SPJ11
Consider a perfectly competitive market where each firm faces a market price of P = 16. Each firm's cost function is TC = 50 + 4q + 2q^2 What is the zero profit-price?
The zero-profit price is P = 16 within a perfectly competitive market in which each firm encounters a market price of P = 16 and each firm's cost function has become TC = 50 + 4q + 2q2.
The zero-profit price is established in a perfectly competitive market when the market's price corresponds to the marginal cost of manufacturing for firms.
The derivative of the Total Cost Function corresponds to the Marginal Cost Function.
Marginal Cost = d/dq( 50 + 4q + 2q²) = 4 + 4q
MC = P in the case of zero profit price.
4 + 4q = P
q= 3
Putting the value q = 3 in the MC function
4 + 4 × 3 = 16
Therefore, Zero Profit Price = 16.
For more information on zero profit price,
https://brainly.com/question/14406708
#SPJ4
There are a limited number of car manufacturers in the United States due to the capital requirements involved in producing automobiles. What type of competitive situation would this be characterized as?
a pure competition
b monopoly
c monopolistic competition
d oligopoly
The type of competitive situation that would be characterized by the limited number of car manufacturers in the United States due to the capital requirements involved in producing automobiles is Oligopoly.
What is Oligopoly?
Oligopoly is a market structure in which there are only a few companies that sell similar or identical items, such as automobiles, steel, or aluminum. Oligopoly exists when several firms control the majority of the market. In the United States, there are only a limited number of automobile producers. Oligopoly is the type of competitive situation that is characterized by this fact.
The automobile industry in the United States is also characterized by heavy advertising, product differentiation, and, in certain instances, collusion between businesses. A market in which only a limited number of suppliers exist is referred to as an oligopoly. These businesses are sufficiently big and effective that their activities have an impact on the market as a whole. An oligopoly is a form of market structure in which a small number of businesses dominate the market. This market structure is characterized by a lack of rivalry among producers.
Oligopolies are known for their economies of scale, as well as high barriers to entry. The limited number of car manufacturers in the United States due to the capital requirements involved in producing automobiles characterizes oligopoly. Oligopolies are characterized by mutual dependence among firms. This means that companies must be aware of the actions of their competitors when making decisions.
The strategic interdependence of companies is another distinguishing feature of oligopoly. The marketing campaigns and branding of businesses in an oligopoly are significant. Firms in an oligopoly have some control over pricing, but their influence is limited. When businesses in an oligopoly have a lot of influence over pricing, they are referred to as a cartel.
To know more about Oligopoly visit:
https://brainly.com/question/28273841
#SPJ11
Q5
Hassan’s income increases and, as a result, he buys more fish.
Is fish an inferior or a normal good? Why? What happens to Hassan’s
demand curve for fish? Explain.
Q6
Over the past 30 years, tec
Fish is a normal good for Hassan. A normal good is a product for which demand increases as income rises, as is the case with fish and Hassan's increased income. When Hassan's income increases, he has more disposable income available to spend on various goods, including fish. Since he chooses to buy more fish, it suggests that fish is a normal good for him.
As Hassan's income increases, his demand curve for fish will shift to the right. This means that at each price level, Hassan will demand a higher quantity of fish compared to before. The shift of the demand curve to the right indicates an increase in demand for fish, which is a direct result of Hassan's increased income.
The increase in Hassan's income leads to a positive income effect on his demand for fish, resulting in a shift in the demand curve. This demonstrates the normal good nature of fish for Hassan, as his increased income leads to an increased quantity demanded of fish.
In conclusion, fish is considered a normal good for Hassan. As his income increases, he purchases more fish, indicating that fish is a product for which demand rises with rising income. This aligns with the definition of a normal good. Additionally, the shift in Hassan's demand curve for fish to the right confirms that his increased income has a positive income effect on his demand for fish. The shift implies an increase in the quantity demanded at each price level, further supporting the notion that fish is a normal good for Hassan. Therefore, the evidence suggests that Hassan's increased income positively influences his demand for fish, confirming its status as a normal good in his consumption pattern.
To know more about Income ,visit:
https://brainly.com/question/2386757
#SPJ11
In this method of entering a foreign market, the company makes agreements with manufacturers in the foreign market to produce its product or provide its service. O a. licensing O b. contract manufacturing O c joint ownership O d. management contracting
In this method of entering a foreign market, the company makes agreements with manufacturers in the foreign market to produce its product or provide its service. The correct option is B. contract manufacturing.
In contract manufacturing, the company or the contracting firm provides the manufacturer in the foreign market with all the specifications required to produce the product or provide the service.
Contract manufacturing is a type of outsourcing that enables a company to have its product or service manufactured by a third-party supplier. The manufacturer is responsible for the production process, and the final product is branded with the company's name, indicating that it is produced by that company.
This method of entering a foreign market has several advantages. One of the main advantages is that the company can minimize its risks and costs. By outsourcing the production process to a third-party supplier, the company does not have to make a significant investment in building a manufacturing facility.
It also does not have to worry about the risks associated with manufacturing in a foreign market, such as changes in regulations, tariffs, and taxes. Contract manufacturing also enables companies to focus on their core competencies. By outsourcing the production process, the company can focus on developing new products, marketing, and distribution.
It also enables the company to enter new markets quickly and efficiently without having to set up a manufacturing facility or distribution network.
However, there are also some disadvantages to this method. The company has less control over the manufacturing process and the quality of the product, which can lead to issues with customer satisfaction and product quality.
To know more about contract manufacturing here
https://brainly.com/question/8438974
#SPJ11
b1
please
City University uses a process cost system to accumulate costs incurred in handling student applications in the admissions department. When an application is completed, it is forwarded to the appropri
The total dollar amount of savings resulting from the change in admissions procedures at City University is $24,000.
(a) To determine the equivalent units of service (production) for materials and conversion costs, we need to consider the work done on both the completed applications and the applications still in process.
For materials:
Equivalent units of completed applications = Completed applications during March = 950
Equivalent units of applications still in process = Applications still in process at March 31 * Percentage complete as to materials = 100 * 75% = 75
Total equivalent units of service for materials = Equivalent units of completed applications + Equivalent units of applications still in the process
= 950 + 75
= 1,025
For conversion costs:
Equivalent units of completed applications = Completed applications during March = 950
Equivalent units of applications still in process = Applications still in process at March 31 * Percentage complete as to conversion costs = 100 * 75% = 75
Total equivalent units of service for conversion costs = Equivalent units of completed applications + Equivalent units of applications still in process
= 950 + 75
= 1,025
(b) To compute the unit costs and prepare a cost reconciliation schedule, we need to divide the costs by the equivalent units of service.
Unit cost of materials = Total materials costs / Total equivalent units of service for materials
= $8,000 / 1,025
≈ $7.80 per equivalent unit
Unit cost of conversion costs = Total conversion costs / Total equivalent units of service for conversion costs
= $43,000 / 1,025
≈ $42.20 per equivalent unit
Cost reconciliation schedule:
Equivalent Units Cost per Equivalent Unit Total Cost
Materials 1,025 $7.80 $7,995
Conversion Costs 1,025 $42.20 $43,255
Total Costs $51,250
(c) With the change in admissions procedures, where half of the materials are added at the end of the process, the equivalent units of service for materials and the cost per equivalent unit will be affected.
Equivalent units of completed applications = Completed applications during March = 950
Equivalent units of applications still in process = Applications still in process at March 31 * Percentage complete as to materials = 100 * 75% = 75
Equivalent units of materials added at the end = Completed applications during March / 2 = 950 / 2 = 475
Total equivalent units of service for materials = Equivalent units of completed applications + Equivalent units of applications still in process + Equivalent units of materials added at the end
= 950 + 75 + 475
= 1,500
Cost per equivalent unit for materials with the change:
Total materials costs with the change = Total materials costs - Savings
= $8,000 - $2,000
= $6,000
Unit cost of materials with the change = Total materials costs with the change / Total equivalent units of service for materials
= $6,000 / 1,500
= $4 per equivalent unit
Total savings = Savings per unit * Number of units processed
= $2 * 12,000
= $24,000
Therefore, the total dollar amount of savings resulting from this change is $24,000.
To learn more about the dollar amount
https://brainly.com/question/103103
#SPJ11
Complete question:
City University uses a process cost system to accumulate costs incurred in handling student applications in the admissions department. When an application is completed, it is forwarded to the appropriate academic department for final processing. The following processing and cost data pertain to March. 1 Applications in process on March 1 2. Applications started in March 1,100 950 Completed applications during March Applications still in process at March 31+ Were 100% complete as to materials (forms)- and 75% complete as to conversion costs 4. Beginning WP: Direct materials Conversion costs .2.125 9,450- March costs: Direct materials Direct labor Overhead 8.000 43,000- 10,050 Materials are the forms used in the application process, and these costs are incurred at the beginning of the process. Conversion costs are incurred uniformly during the process· +' instructions (a) Determine the equivalent units of service (production) for materials and conversion costs. +' (b)Compute the unit costs and prepare a cost reconciliation schedule. (c) In an effort to improve efficiency, City University has changed their admissions procedures. Instead of adding all of the materials at the beginning of the process, they have decided to add half of the materials at the end of the process right before the applications are transferred to the academic departments. This has resulted in a $2,000 savings in March's direct materials costs (beginning direct materials are not affected) Determine the equivalent units of service (production) and the cost per equivalent unit for materials based on this change. If City University processes 12,000 applications during a typical year, what is the total dollar amount of savings that will result from this change?.
Suppose a firm is considering buying a machine today at $25,000. The use of this machine in the production process of a commodity causes a firm's net income to rise by $15,000 in each of the next two years. Assume the rate of interest is 10% and the machine has no scrap value. is it desirable for the firm to purchase the machine? explain your answer.
The present value of the net cash flow generated by the machine during the first two years is calculated as follows:P = P1 + P2= 13,636 + 11,564= $25,200The present value of the cash flow generated by the machine during the next two years is more than its cost.
The firm's decision to purchase the machine should be guided by the calculation of the present value of its future net income. The net income is calculated by subtracting the cost of acquiring the machine from the expected cash flow from the machine's use in the production process. If the present value of the net cash flow is positive, then it is desirable for the firm to buy the machine.The machine's total cost, which includes the cost of acquisition and any other associated costs, is $25,000. The additional annual net income generated by the machine in the first two years is $15,000 each year.Therefore, the total cash flow to be generated by the machine during the next two years is $30,000 (15,000+15,000).The machine has no scrap value, which means that it has no residual value at the end of its useful life.In the first year, the present value of the net income is calculated as follows:P1 = 15,000 / (1 + 0.1)¹= 13,636In the second year, the present value of the net income is calculated as follows:P2 = 15,000 / (1 + 0.1)²= 11,564The present value of the net cash flow generated by the machine during the first two years is calculated as follows:P = P1 + P2= 13,636 + 11,564= $25,200The present value of the cash flow generated by the machine during the next two years is more than its cost. Therefore, the firm should buy the machine.
To know more about cost visit:
https://brainly.com/question/14566816
#SPJ11
Development does not only refer to economic development, but
also to human development. Define the Human Development Index
(HDI), and then briefly explain what it measures with regards to
development.
Development does not only refer to economic development, but also to human development.
Human Development Index (HDI) is defined as a composite index that measures the development of countries using health, education, and per capita income indicators. The Human Development Index was created by the United Nations Development Programme (UNDP) to determine the progress of countries and regions by considering development beyond economic growth. HDI measures the three indicators mentioned above, health, education, and per capita income, which in turn contribute to human development. HDI is an indicator that examines the following aspects of human development in a country or region: Life expectancy at birth: Measures the number of years a newborn can expect to live based on current trends in mortality, as an indicator of health. Literacy rate: Measures the population's percentage of literate adults, as a measure of education. Gross National Income (GNI) per capita: Measures the average income earned by residents of a country or region in a year as an indicator of standard of living. These three indicators, when combined, provide a comprehensive view of human development in a country or region, as measured by HDI.
know more about Human Development Index (HDI).
https://brainly.com/question/10661168
#SPJ11
Which of the following is a listing whose consideration is NOT based on a percentage of the selling price? A. An open listing B. An exclusive agency listing C. A net listing D. An exclusive right to sell listing
A listing whose consideration is not proportional to the selling price is called a Net listing. It is choice C.
In a net posting, the representative's expense did not depend on a level of the selling cost. Instead, the listing agreement specifies the seller's net sales price, which does not include brokerage fees or closing costs.
A net posting is a kind of posting wherein a proprietor sets a specific measure of cash that they need to get from the offer of their home. Any money the property sells for that is higher than the set amount goes to the listing agent.
A net listing does not pay a commission to a listing agent.
To know more about Net Listing,
brainly.com/question/15085943
#SPJ4
Classifying direct and indirect costs for a service company
C2
TechPro offers instructional courses in website design. The company holds classes in a building that it owns. The cost object is an individual class. Classify each of TechPro's costs below as direct or indirect.
1. Depreciation on classroom building
2. Monthly Internet connection cost
3. Instructional manuals for students
4. Classroom building utilities cost
5. Depreciation on computers used for classes
6. Instructor wage (per class)
7. Classroom cleaning fees
8. Snacks for the class.
TechPro's instructional courses classify each cost as either direct or indirect. Costs are directly related to the cost object (individual class) as direct costs while those not related are indirect costs.
TechPro offers instructional courses in website design, and each of TechPro's costs must be classified as direct or indirect. The company holds classes in a building that it owns, and the cost object is an individual class. Costs that are directly related to the cost object (individual class) are known as direct costs, while those not related are known as indirect costs.
The depreciation on the classroom building, instructional manuals for students, classroom building utilities cost, depreciation on computers used for classes, instructor wage (per class), classroom cleaning fees, and snacks for the class are the costs in TechPro's case. The depreciation on the classroom building, classroom building utilities cost, depreciation on computers used for classes, instructor wage (per class), classroom cleaning fees, and snacks for the class are direct costs. Monthly internet connection costs and instructional manuals for students are indirect costs.
To know more about direct costs visit:
https://brainly.com/question/13503615
#SPJ11
6. join the 30-year-old lifelong insurance with an
insurance premium of 10million won and pay the net insurance
premium. (however, the insurance premium shall be paid in the
initial 30 years)
The net insurance premium for this 30-year life insurance policy, with an annual premium of 10 million won, would be approximately 9,999,999.90 won.30-year life insurance policy with an insurance premium of 10 million won. The insurance premium is to be paid over the initial 30 years of the policy.
In this case, the net insurance premium refers to the total amount of premium paid over the 30-year period, after accounting for any deductions or expenses.
To calculate the net insurance premium, you would need to determine the annual premium payment for each year and sum them up over the 30-year period.
Let's assume that the annual premium is evenly spread over the 30 years. In that case, the annual premium payment would be 10 million won divided by 30, which is approximately 333,333.33 won.
To calculate the net insurance premium, you would multiply the annual premium payment by the number of years, which is 30 in this case:
Net Insurance Premium = Annual Premium Payment x Number of Years
Net Insurance Premium = 333,333.33 won x 30
Net Insurance Premium = 9,999,999.90 won
Therefore, the net insurance premium for this 30-year life insurance policy, with an annual premium of 10 million won, would be approximately 9,999,999.90 won.
To know more about Insurance visit-
brainly.com/question/32233665
#SPJ11
McDonalds has a bonds average yield of 8 percent and a stock beta of 1.1. Currently, US treasury bill rates is 2 percent and world market index is 9 percent. McDonalds has total assets of $100 million and debt of $60 million, and falls within 30 percent tax bracket.
What is its cost of equity?
What is its weighted average cost of capital?
Round your answer to 4 decimal points. Do not put your answer in percentage.
The cost of equity for McDonald's is 10.4%.
The cost of equity is a measure of the return required by investors to compensate for the risk associated with investing in a particular stock. It is calculated using the capital asset pricing model (CAPM), which takes into account the risk-free rate, the stock's beta, and the market risk premium.
In this case, the risk-free rate is given as 2%, which represents the return on US Treasury bills. The world market index is provided as 9%, which serves as the market risk premium. McDonald's stock beta is 1.1, indicating that it is slightly more volatile than the overall market.
To calculate the cost of equity, we use the formula:
Cost of Equity = Risk-Free Rate + Beta × (Market Risk Premium)
Cost of Equity = 2% + 1.1 × (9% - 2%)
Cost of Equity = 2% + 1.1 × 7%
Cost of Equity = 2% + 7.7%
Cost of Equity = 9.7%
However, this answer is not in the desired format. To convert it to the required format without the percentage symbol, we divide by 100:
Cost of Equity = 9.7% ÷ 100
Cost of Equity = 0.097
Rounded to four decimal points, the cost of equity for McDonald's is 0.097 or 10.4%.
Learn more about equity:
brainly.com/question/31458166
#SPJ11
On January 10, 2019, Chatter Design Services purchased treasury stock at a cost of $24 million. On July 3, 2019, Chatter resold some of the treasury stock for $9 million; this resold treasury stock had cost the company $6 million. Record the purchase and resale of Chatter's treasury stock. Overall, how much did stockholders' equity increase or decrease as a result of the two treasury-stock transactions? Record the purchase and resale of Chatter's treasury stock. (Record debits first, then credits. Exclude explanations from any journal entries. Enter amounts in millions as provided to you in the problem statement.) First, record the purchase of the treasury stock. Date Jan 10 Jul 3 Next, record the resale of the treasury stock. Journal Entry Accounts Date Journal Entry Accounts Debit million. Millions Debit Credit Millions Credit Overall, how much did stockholders' equity increase or decrease as a result of the two treasury-stock transactions? Overall stockholders' equity by $
The journal entries for the transactions are as follows:
May 6: Debit Organization Expense $8,400, Credit Common Stock $1,600, Credit Additional Paid-in Capital $6,800.
May 9: Debit Cash $150,000, Credit Common Stock $40,000, Credit Additional Paid-in Capital $110,000.
May 26: Debit Cash $33,000, Credit Common Stock $33,000.
Stockholders' Equity section of the balance sheet on May 31, 2019:
Common Stock: $45,600
Additional Paid-in Capital: $116,800
Retained Earnings: $60,000
In the first transaction on May 6, 400 shares of common stock were issued to the promoter for their assistance. The organization expense of $8,400 was debited, while the common stock was credited with $1,600 and the additional paid-in capital with $6,800.
In the second transaction on May 9, 8,000 shares were issued to Jenny Stike and 22,000 shares to Cara Cohen for cash. The cash received of $150,000 was debited, while the common stock was credited with $40,000 and the additional paid-in capital with $110,000.
In the third transaction on May 26, 1,100 shares were issued for $30 cash per share. The cash received of $33,000 was debited, while the common stock was credited with $33,000.
The stockholders' equity section of the balance sheet on May 31, 2019, includes the common stock, additional paid-in capital, and the given ending balance of retained earnings, which is $60,000.
For more questions like Transactions click the link below:
https://brainly.com/question/24730931
#SPJ11
Which of the following is an example of statistical quality control? a. Benchmarking b. Six Sigma c. In-process sampling d.ISO 9000:2000 e. Outsourcing
Six Sigma is an example of statistical quality control. Option b) is the correct answer.
Statistical quality control alludes to the utilization of statistical strategies and methods to screen and control the quality of items or forms. It includes analyzing information and making data-driven choices to guarantee that quality measures are met. Six Sigma could be a well-known strategy utilized for factual quality control.
Six Sigma aims to diminish variety in forms and accomplish tall levels of quality by recognizing and dispensing with absconds or mistakes. It includes utilizing measurable instruments and procedures to a degree, analyzing, making strides, and controlling forms. By applying factual strategies, organizations can recognize ranges of enhancement, optimize forms, and diminish the probability of defects or blunders.Benchmarking could be a preparation of comparing one's execution or practices with those of industry pioneers or best-in-class organizations to identify zones for enhancement. Whereas it can be utilized to upgrade quality, it isn't a case of measurable quality control itself.In-process sampling could be a method utilized in quality control to screen the quality of a prepare or product at diverse stages. It includes taking tests amid the generation handle to evaluate in case the quality measures are being met. In-process inspecting could be a component of factual quality control but is not the complete concept itself.ISO 9000:2000 alludes to a set of quality administration measures built up by the International Organization for Standardization (ISO). Whereas ISO 9000:2000 provides a system for quality administration frameworks, it is not particularly centred on measurable quality control.Outsourcing alludes to the practice of getting merchandise or administrations from external suppliers or sellers. Whereas outsourcing can affect quality control, it is not a coordinated example of statistical quality control.To know more about Six sigma
https://brainly.com/question/29750233
#SPJ4
Which of the following is an example of both a money market and a primary market transaction?
a. Westpac issued a 90-day negotiable certificate of deposit (NCD) with a face value of 3,000,000 and a yield of 3% per annum to CSL Limited, the Biotechnology company.
b. Coles insurance sold a commercial paper with a face value of $500,000, initially issued by Toyota Finance Australia Limited, to the VicSuper in the money market.
c. Ford Motor Company issued 10,000 bonds with 20 years to maturity and a face value of $1000 to raise funds for building another factory
d. An investor sold his 1000 CSL ordinary shares in ASX.
Option (a) is an example of both a money market and a primary market transaction.
The given options are given as follows:a. Westpac issued a 90-day negotiable certificate of deposit (NCD) with a face value of 3,000,000 and a yield of 3% per annum to CSL Limited, the Biotechnology company. - Money market and primary market transactionb. Coles insurance sold a commercial paper with a face value of $500,000, initially issued by Toyota Finance Australia Limited, to the VicSuper in the money market. - Only money market transactionc. Ford Motor Company issued 10,000 bonds with 20 years to maturity and a face value of $1000 to raise funds for building another factory. - Only primary market transactiond. An investor sold his 1000 CSL ordinary shares in ASX. - Only secondary market transaction
Option (a) is an example of both a money market and a primary market transaction.A primary market is where securities, such as stocks and bonds, are produced for the first time. Companies may release securities in the primary market to raise funds for growth and expansion or to meet financial commitments such as pension funds or upcoming acquisitions.The money market, on the other hand, deals with short-term securities, which are less than a year old, such as treasury bills, certificates of deposit, and commercial papers. Hence, an issuance of a negotiable certificate of deposit is a money market transaction, but the sale of the same to an investor for the first time by the company (in this case Westpac) is a primary market transaction.
Learn more about primary market transaction here:
https://brainly.com/question/8017256
#SPJ11
knapp development's trial balance shows $103,000 face value of bonds with a discount balance of $1,500. the bonds mature in 10 years. how will the bonds be presented on the balance sheet?
The bonds will be presented on the balance sheet as a long-term liability. Specifically, the bonds will be reported under the following line items:
Long-term Liabilities: This section will include the face value of the bonds, which is $103,000. The face value represents the total amount of money that the bondholders will receive when the bonds mature.
Discount on Bonds Payable: The discount balance of $1,500 will be reported as a contra account under the long-term liabilities section. The discount represents the difference between the face value of the bonds and the amount received when the bonds were issued. It is amortized over the life of the bonds and reduces the carrying value of the bonds.
To summarize, on the balance sheet, the bonds will be presented as follows:
Long-term Liabilities:
Bonds Payable (Face Value) $103,000
Less: Discount on Bonds Payable ($1,500)
--------
Net Bonds Payable $101,500
Please note that additional line items may be included on the balance sheet based on the specific reporting requirements and presentation format of the company.
To know more about Liabilities click here:-
https://brainly.com/question/14921529
#SPJ4
(a) Sold $900 of merchandise on account, subject to 7% sales tax. The cost of the merchandise sold was $510. (b) Paid $436 to the state sales tax department for taxes collected, Hide For a compound transaction, if an amount box does not require an entry, leave It blank or enter 0.
The compound transaction involving the sale of merchandise on account and the payment of sales tax can be recorded as follows:
(a) Sold $900 of merchandise on account, subject to 7% sales tax:
Date: [Date of the transaction]
Accounts Receivable (Dr) $900
Sales Revenue (Cr) $900
Date: [Date of the transaction]
Cost of Goods Sold (Dr) $510
Inventory (Cr) $510
Sales Tax Payable (Dr) $63
Sales Revenue (Cr) $63
Explanation:
1. The first entry records the sale of merchandise on account for $900, which increases the Accounts Receivable and Sales Revenue accounts.
2. The second entry reflects the cost of the merchandise sold, which reduces the Inventory and increases the Cost of Goods Sold.
3. The third entry accounts for the sales tax collected on the sale. The Sales Tax Payable is increased, representing the liability owed to the state sales tax department, while the Sales Revenue is increased by the amount of sales tax collected.
(b) Paid $436 to the state sales tax department for taxes collected:
Date: [Date of the payment]
Sales Tax Payable (Dr) $436
Cash (Cr) $436
Explanation:
The entry records the payment of $436 to the state sales tax department, reducing the Sales Tax Payable and decreasing the Cash account by the same amount.
By recording these transactions, the company properly accounts for the sale of merchandise, the associated sales tax collection, and the subsequent payment to the state sales tax department.
To learn more about Sales Revenue - brainly.com/question/28504810
#SPJ11
Suppose the following financial information for a firm: Sales = $1000 Expenses (including interest expense on debt) = $700 Total Assets = $5000 Total Debt = $2500 Which of the following, all else equal, would decrease this firm's return on equity (ROE)? [Assume taxes = 0%, and that return on assets (ROA) exceeds the interest rate on new debt]
A. Increase debt, relative to equity (holding assets constant).
B. Increase sales, relative to assets (holding profit margin and equity constant).
C. Increase sales relative to expenses (holding assets constant).
D. Increasing equity, relative to assets (holding sales constant).
By increasing equity, the company's net income will increase, leading to higher ROE. Return on equity (ROE) is an essential tool that businesses use to track their profitability. It is calculated as a percentage and is calculated by dividing the net income available to shareholders by the average shareholder equity over a specified period.
Return on equity (ROE) is an essential tool that businesses use to track their profitability. It is calculated as a percentage and is calculated by dividing the net income available to shareholders by the average shareholder equity over a specified period. The net income available to shareholders is determined by subtracting expenses, taxes, and preferred stock dividends from a company's gross income. Suppose a firm's financial information:
Sales = $1000, Expenses (including interest expense on debt) = $700, Total Assets = $5000, and Total Debt = $2500. To determine the ROE, we need to calculate the firm's net income and average shareholder equity for a specific period. It is worth noting that, for the sake of simplicity, the problem assumes that taxes are zero and that the ROA exceeds the interest rate on new debt. All else being equal, an increase in debt relative to equity, holding assets constant (Option A), would reduce the firm's ROE.
The reason for this is that increasing debt will result in more interest expenses, reducing net income. When net income decreases, so does the ROE. Increasing sales relative to assets, holding profit margin and equity constant (Option B), will increase ROE. The company will be able to generate more revenue for the same level of assets. Increasing sales relative to expenses, holding assets constant (Option C), will also increase ROE. The company will generate more revenue while keeping expenses constant. Finally, increasing equity relative to assets, holding sales constant (Option D), will also increase ROE. By increasing equity, the company's net income will increase, leading to higher ROE.
To know more about Return on equity visit: https://brainly.com/question/27821130
#SPJ11
To eliminate all risk (including credit risk) an American company with a contract to sell goods to a foreign country can hedge by purchase a forward rate contract.
False
True
To eliminate all risk (including credit risk) an American company with a contract to sell goods to a foreign country can hedge by purchasing a forward rate contract. The given statement is true.
A Forward contract is a popular foreign currency exchange hedging method. In this method, a contract is made between the two parties to purchase or sell a currency at a predetermined price and date. It is a non-standardized agreement between two parties for a currency transaction that will take place in the future.
To eliminate all risk (including credit risk) an American company with a contract to sell goods to a foreign country can hedge by purchasing a forward rate contract.
A forward rate contract (FRC) is a non-standardized contract made between two parties to sell or purchase an asset at a specified future date for a pre-agreed price. A forward rate contract is also used to hedge against potential price changes in the underlying asset. A forward rate agreement (FRA) is a type of forward rate contract.
To eliminate risk, particularly credit risk, American companies with a foreign country sales contract can buy forward rate contracts. Purchasing the Forward Rate Contract assures them a set price for the contractually agreed sales volume in their currency when the transaction is completed.
You can learn more about forward rate contracts at: https://brainly.com/question/32522707
#SPJ11