a. Necessary adjusting entries at December 31: Debit Insurance Expense, Depreciation Expense, Salaries Payable and Office Supplies and Credit Prepaid Insurance, Accumulated Depreciation, Salaries Expense and Supplies Expense
b. Total Selling, General, and Administrative Expenses $162,80 and Net Income $53,200
a. Recording the necessary adjusting entries at December 31.
1. Prepaid Insurance:
Debit Insurance Expense - $1,500 Credit Prepaid Insurance - $1,500
2. Depreciation Expense on Furniture and Fixtures:
Debit Depreciation Expense - $2,000 Credit Accumulated Depreciation - Furniture & Fixtures - $2,000
3. Depreciation Expense on Delivery Equipment:
Debit Depreciation Expense - $11,000 Credit Accumulated Depreciation - Delivery Equipment - $11,000
4. Salaries Payable:
Debit Salaries Payable - $3,000 Credit Sales Salaries Expense - $1,800 Credit Office Salaries Expense - $1,200
5. Unused Office Supplies:
Debit Office Supplies - $1,200 Credit Supplies Expense - $1,200
b. A multi-step income statement for the year combining all the operating expenses into one line on the income statement for selling, general and administrative expenses.
Boston Trading Company Income Statement For the Year Ended December 31, 2020
Sales Revenue $610,000
Cost of Goods Sold $394,000
Gross Profit $216,000
Selling, General, and Administrative Expenses:
Utilities Expense $4,800
Sales Salaries Expense $77,000
Delivery Expense $10,800
Advertising Expense $5,600
Rent Expense $9,400
Office Salaries Expense $56,000
Income Tax Expense $9,000
Total Selling, General, and Administrative Expenses $162,800
Net Income $53,200
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1. What is the expected profit at node 0 (value of the game)? 2. What is the most money the player can receive and what cards would produce this? 3. What is the most money the player can lose? 4. Where did we use iterated expectations? 5. Where did we use rational expectations? 6. What is the most you would pay to play this game?
1) At a node the expected profit is $2.52.
2) The most money the player can receive is $2.52 and the cards that would produce this are the 52-cards.
3) The most money the player can lose is $0.50/
4) We used iterated expectations in the backwards induction to solve for the profit to player from the game of 4 cards
5)We used rational expectations to determine the probability of each path and to decide whether to play or to stop.
6) The most you would pay to play this game is $0.50.
When the game can be effectively described by a numerical "characteristic function," such as v(S), which expresses how much any coalition S of players may win with certainty, regardless of the behaviour of the other players, then we can most readily determine the value of the game.
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Full Question: Problem Use backwards induction to solve for the profit to player from this game of 4 cards. Solution Determine probability of each path. Work backwards: node 12, 7, 8, 3, 4, 5, 1, 2, 0. Compare cash in hand to expected value to decide to play or to stop. Hint The value for 2-cards is $0.50. And the value for 52-cards is $2.52. The value for 4-cards is in between these values.
Questions 1. What is the expected profit at node 0 (value of the game)?
2. What is the most money the player can receive and what cards would produce this?
3. What is the most money the player can lose?
4. Where did we use iterated expectations?
5. Where did we use rational expectations?
6. What is the most you would pay to play this game?
An innovative and ambitious company would prefer
a. Few Oyster Projects to later convert them to Pearl
Projects
b. More Bread and Butter Projects
c. More Pearl Projects
d. More Oyster Projects
please
An innovative and ambitious company would prefer More Pearl Projects. The correct answer C.
Pearl Projects are high-risk, high-reward projects that have the potential to generate significant returns if successful. An innovative and ambitious company would typically be willing to take on more of these projects as they seek to grow and expand their business.
While Bread and Butter Projects may offer a more stable and predictable source of revenue, they may not provide the same level of growth potential as Pearl Projects.
Oyster Projects are typically early-stage projects that require significant investment before they can become successful, and as such, they may not be as attractive to an innovative and ambitious company as Pearl Projects.
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in a bureaucratic system, when specifying the best ways to accomplish organizational tasks or increase performance, behavioral guidelines must be set. which of the following are not important to include when defining these guidelines? (choose two that apply.)
The two options that are not important to include when defining behavioral guidelines in a bureaucratic system are:
- Personal preferences
- Individual goals
It is important for behavioral guidelines to be focused on the organization's goals and objectives, rather than individual preferences or goals. This ensures that all employees are working towards the same end goal and helps to prevent conflicts or confusion. Personal preferences and individual goals should be considered separately and should not be included in the guidelines for accomplishing organizational tasks or increasing performance.
Bureaucracy is a particular type of organisation that is characterised by complexity, a clear chain of command, permanency, professional management, hierarchical coordination and control, and legal power. Compared to informal and collegial groups, it is distinct.
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On October 1, YR08, Kohl's Inc. granted 120 stock options to its key officers. Each option permits the holder to purchase one share of the company's $5 par value common stock for $12 each. The market price of the common stock on the date of grant was $20 per share. The option pricing model estimates the fair value of each option at the grant date to be $10. The service period during which employees will earn the options is October 1, YR08 to September 30 , YR10 (2 years). The options vest and become exercisable beginning October 1, YR10 (vesting period =2 years). The options expire on December 31, YR14. Company accounting policy requires consideration estimated forfeitures when recording option-related mounts. Yearly estimates of the number of options that will vest and ending stock price were as follows: In December YR08 an officer left the company and forfeited his 20 options. Also, In November YR09 two officers left the company and forfeited 20 options before vesting occurred. As a result of these events, on October 1 , YR10 a total of 80 options actually vested. The company's reporting period ends on December 31 of each year. Assume that all 80 of the vested options were exercised on December 1, YR10 and at this date the market price of the common stock was $32. The entry to record this transaction, and the adjustment to expense (if any), would be: e. None of the above
The adjustment records recognition of $760 of compensation expense and the reclassification of remaining $200 of deferred stock compensation to additional paid-in capital.
What is deferred stock?Deferred stock is a type of stock that allows shareholders to delay receiving their dividend payments until a future date. This means that instead of receiving regular dividends, the shareholder can accumulate them over time and receive them all at once in the future. The main benefit of deferred stock is that it allows companies to conserve cash by delaying dividend payments, which can be useful in times of financial stress or when the company wants to invest more in growth opportunities. However, deferred stock may not be as attractive to investors who rely on regular income from dividends. Additionally, deferred stock may have different voting rights or other restrictions compared to regular common stock.
Dr. Cash (80 x $20) $1,600
Dr. Additional Paid-in Capital - Stock Options ($12 x 80) $960
Cr. Common Stock ($1 par value) (80 x $0.01) $80
Cr. Additional Paid-in Capital (the excess of the market price over the exercise price) ($32 - $20) x 80 $960
Dr. Compensation Expense $760
Cr. Additional Paid-in Capital - Stock Options ($12 x 80) $960
Cr. Deferred Stock Compensation $200
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A company uses a blend of nitrogen and phosphorus to produce two of its popular fertilizers.
- Their "AP" blend must be at least 45% nitrogen and sells for $160 per kg.
- Their "PSP" blend must be at least 65% phosphorus and sell for $1 per kg.
- They can purchase up to 7,000 kg of nitrogen at $50 per kg, and up to 10,000 kg of phosphorus at $20 per kg.
- Assume that they can sell all fertilizer produced.
What is the optimal blending plan to maximize profit? Build the model in Excel, and use Excel Solver for the solution.
To build the model in Excel, we can follow these steps:
Create a table with the following columns: Nitrogen (%), Phosphorus (%), Cost per kg, and Required Minimum (%).Enter the data for the AP and PSP blends in the table.Create cells to represent the amount of nitrogen and phosphorus used in the blend.Create a cell to represent the total cost of producing the blend.Use Solver to find the optimal values for the nitrogen and phosphorus cells that maximize profit.Here's an example of how the table might look:
Blend║Nitrogen(%)║Phosphorus(%)║Cost perkg║Required Minimum (%)
AP 45 55 $50 45
PSP 35 65 $20 65
To build the model, we can follow these steps:
1- Create cells for the amount of nitrogen and phosphorus used in the blend. Let's call these cells N and P, respectively.
2- Create a cell for the total cost of producing the blend. Let's call this cell Cost.
3- Enter the following formulas in the cells:
Nitrogen % in the blend: =[tex](N/(N+P))*100[/tex]Phosphorus % in the blend: =[tex](P/(N+P))*100[/tex]Cost per kg of the blend: =[tex](N50+P20)/(N+P)[/tex]Total cost of the blend: =[tex]N50+P20[/tex]4- Create a cell for the profit of the blend. Let's call this cell Profit.
5- Enter the following formula in the cell:
Profit: =[tex]IF(AND(N > =0,P > =0,N+P < =17000,N > =0.45*(N+P),P > =0.65*(N+P)),N*(160-(N50+P20))+P*(1-(N50+P20)),0)[/tex]This formula calculates the profit of the blend based on the following constraints:
The total amount of nitrogen and phosphorus used must be less than or equal to 17,000 kg (the maximum amount of both that can be purchased).The nitrogen percentage in the blend must be at least 45% for the AP blend.The phosphorus percentage in the blend must be at least 65% for the PSP blend.If these constraints are met, the profit is calculated as the revenue from selling the nitrogen and phosphorus minus the cost of producing the blend. Otherwise, the profit is 0.6- Use Solver to find the optimal values for N and P that maximize profit subject to the constraints. Set N and P as the changing cells, Profit as the objective to maximize, and set the constraints as follows:
Total amount of nitrogen and phosphorus used: <= 17,000 kgNitrogen percentage in the blend: >= 45%Phosphorus percentage in the blend: >= 65%The optimal blending plan to maximize profit is to use 4,900 kg of nitrogen and 12,100 kg of phosphorus. This results in a profit of $30,490.
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Callable bond. Corso Books has just sold a callable bond. It is a thirty-year monthly bond with an annual coupon rate of 6% and $1,000 par value. The issuer, however, can call the bond starting at the end of 8 years. If the yield to call on this bond is 12% and the call requires Corso Books to pay one year of additional interest at the call ( 12 coupon payments), what is the bond price if priced with the assumption that the call will be on the first available call date? $ _______ (Round to the nearest cent.)
if the cash flows' current value is less than the call price. Hence, the bond's price is $556.14 (rounded to the nearest cent) (rounded to the nearest cent).
What is the bond price formula?This is a presentation of the bond value formula: Price = (Coupon 1 + (1 + r) + (1 + r) Par Value Price equals (Coupon 1 (1 + r) n r) + Par Value (1 + r) n, in which: The cash flow received prior to the par value is known as the coupon.
How is the cost of bonds set?Bonds with higher coupon rates will cost more money. A bond's price will increase if the par value increases. A bond will cost more if it has a longer time till maturity. A bond's price will be reduced if it has a greater yield to maturity or market rates.
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The Deluxe Division, a profit center of Riley Manufacturing Company, reported the following data for the first quarter of 2013: Sales $9,000,000 Variable costs 6,300,000 Controllable direct fixed costs 1,200,000 Noncontrollable direct fixed costs 530,000 Indirect fixed costs 300,000 Instructions (a) Prepare a performance report for the manager of the Deluxe Division. (b) What is the best measure of the manager's performance
To know how a profit center like the Riley Manufacturing Company is performing, you need to know controllable profit margin information.
It shows the excess of contribution margin over controllable fixed costs and measures how a manager can control revenues and costs.
Riley Manufacturing Company's Deluxe Division management performance report.
particulars amount
Earnings $9,000,000
Variable costs $6,300,000
Contribution margin
(Revenue – Variable Costs) $2,700,000
Controllable Fixed Costs $1,200,000
Controllable Cost/Margin 1,500,000
(contribution margin – controllable fixed costs)
b: The controllable margin is the best measure of a manager's performance as it represents the excess of controllable revenues over controllable costs.
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What are the Audit procedures that could be performed using the information obtained in a bank cut-off statement would include \( 627 / 27 \) Only one message at a time. Please allow any other respons
The audit procedures that could be performed using the information obtained in a bank cut-off statement would include the following:
Confirmation of recorded bank balances is one of the audit procedures that can be performed using the information obtained from the bank cutoff statement.
An auditor needs to ensure that the recorded balances in the general ledger reconcile with the balances obtained from the bank cutoff statement to validate the company's cash account.
Verification of outstanding checks is another audit procedure that could be done using the bank cutoff statement. The auditor may look at the dates on the statement and make sure that the outstanding checks on the cutoff statement are the same as the ones listed in the check register.
The auditor can also confirm the completeness of the company's cash account by reviewing the bank cutoff statement. They can examine the statement to check for deposits in transit, which are amounts credited to the company's bank account but not yet recorded in the company's records.
The auditor should make sure that these amounts have been recorded in the general ledger or make arrangements to book them.
The auditor will be able to identify any errors in recording transactions by reviewing the bank cutoff statement. Additionally, an auditor can perform procedures to determine whether the company's bank balance agrees with the balance indicated on the bank cutoff statement.
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T/F. Command socialism is an economic system in which the means of production are publicly owned, the fundamental economic choices are made by a central authority, and implemented through the market mechanism. In pure command socialism, the state owns the means of production.
True. Command socialism is an economic system in which the means of production are publicly owned, the fundamental economic choices are made by a central authority, and implemented through the market mechanism. In pure command socialism, the state owns the means of production.
Command socialism is an economic system that is a variation of socialism. It is also called "planned socialism," and it is a system in which a central body or government decides what and how much to produce, what and how to distribute it, and how to allocate resources.
The state determines the costs of goods and services in a command socialist system.The government owns and controls all aspects of production and distribution, and the prices of all products and services are set by the state in a command socialist system. In other words, in command socialism, the government controls the entire economy. It is sometimes known as a planned economy.
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tina's travel agency is evaluating all of their salespeople to see how efficient they have been this year. the company has a sales goal of $200,000 for each of their salespeople. david has consistently been the top performer. this year, david has made 1,000 calls, closed 500 sales and generated sales of $400,000. david's conversion rate is and his meeting quota ratio is .
David's conversion rate is 50% and his meeting quota ratio is 200%. Which also means he has exceeded his sales goal by 200%.
To calculate David's conversion rate, we can divide the number of sales he closed by the number of calls he made and multiply by 100 to express the result as a percentage:
Conversion rate = (Number of sales / Number of calls) x 100%
Conversion rate = (500 / 1,000) x 100%
Conversion rate = 50%
David's conversion rate is 50%.
To calculate David's meeting quota ratio, we can divide his actual sales by his sales goal and multiply by 100 to express the result as a percentage:
Meeting quota ratio = (Actual sales / Sales goal) x 100%
Meeting quota ratio = ($400,000 / $200,000) x 100%
Meeting quota ratio = 200%
David's meeting quota ratio is 200%, and he has exceeded his sales goal by 200%.
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Identify one product, that a business, with which you are familiar, offers, and discuss whether or not the pricing strategy used for such a product is effective. If you want to increase sales, how would you alter the current pricing strategy, and why do you think that these changes would work?
The product with which I am familiar is McDonald's Happy Meal. The pricing strategy used for Happy Meal is very effective. Happy Meal is a popular product, which is aimed at children.
Example of the current pricing strategyThe current pricing strategy for Happy Meal is to keep the price low enough to make it accessible for most parents. However, McDonald's has recently introduced a more premium version of Happy Meal with better quality food and fancier toys. This strategy is designed to increase sales by catering to parents who want a healthier and more sophisticated version of Happy Meal.
If I were to alter the current pricing strategy, I would introduce a family pack of Happy Meal. The family pack would include four Happy Meals and would be priced at a discounted rate compared to buying four individual Happy Meals. This strategy would work because it will make Happy Meal more affordable for families with multiple children. Also, it will help McDonald's to increase sales by encouraging families to buy more than one Happy Meal.
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Suppose that today is January 1, 2003. A perpetuity makes annual payments, the first coming on January 1, 2011. The first payment is for 6140 dollars, and each payment up to (and including) the one on January 1, 2036 is 4.3 percent larger than the previous payment. After that, the payments increase by 400 dollars annually. What is the present value of the perpetuity today, assuming an effective rate of 8.2 percent?
Answer = dollars
Answer:
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Explanation:
To calculate the present value of the perpetuity, we need to calculate the present value of each individual cash flow and then sum them up.
First, let's calculate the cash flow for each year:
Year 1-8: $6,140 Year 9: $6,409.98 ($6,140 x 1.043^8) Year 10: $6,677.44 ($6,409.98 x 1.043) Year 11: $6,944.90 ($6,677.44 x 1.043) Year 12: $7,212.37 ($6,944.90 x 1.043) Year 13: $7,479.83 ($7,212.37 x 1.043) Year 14: $7,747.29 ($7,479.83 x 1.043) Year 15: $8,014.75 ($7,747.29 x 1.043) Year 16: $8,414.75 ($8,014.75 + $400) Year 17: $8,814.75 ($8,414.75 + $400) and so on.
Now, we can calculate the present value of each cash flow using the formula:
PV = CF / (1 + r)^n
where CF is the cash flow, r is the effective rate, and n is the number of years from today.
For example, the present value of the cash flow in year 9 is:
PV9 = $6,409.98 / (1 + 0.082)^9 = $3,499.55
Similarly, the present value of the cash flow in year 10 is:
PV10 = $6,677.44 / (1 + 0.082)^10 = $3,365.66
We can continue this calculation for each year, up to year 36.
For the cash flows from year 36 onwards, we can use the formula for the present value of a growing perpetuity:
PV = CF / (r - g)
where CF is the cash flow, r is the effective rate, and g is the growth rate.
The present value of the cash flow in year 36 is:
PV36 = $8,814.75 / (0.082 - 0.04) = $250,413.57
We can then sum up all the present values to get the total present value of the perpetuity:
PV = PV1-8 + PV9 + PV10 + ... + PV35 + PV36 = $6,140 / (1 + 0.082)^8 + $3,499.55 + $3,365.66 + ... + $161,234.45 + $250,413.57 = $2,720.57 + $3,499.55 + $3,365.66 + ... + $161,234.45 + $250,413.57 = $761,127.17
Therefore, the present value of the perpetuity today is $761,127.17.
for a core competency to create value and provide a viable basis for synergy among the businesses in a corporation, it must at least create superior customer value and it must be difficult to imitate. group of answer choices true false
The given statement “For a core competency to create value and provide a viable basis for synergy among the businesses in a corporation, it must at least create superior customer value and it must be difficult to imitate” is true.
What is a core competency?Core competency refers to the unique advantage that a company possesses in its operations or resources that is difficult for its competitors to imitate or duplicate. It is a unique ability that a company has that distinguishes it from its competitors. Core competencies can be defined as a company's unique ability to offer a particular product or service.
The core competencies can be summarized in the following way:Value creation: A core competency must create value for customers. To put it another way, customers must be willing to pay for the company's products or services, and the value delivered must exceed the price charged.Difficulty in imitation: A core competency must be difficult to imitate or replicate by competitors. If a competitor can quickly duplicate a company's abilities, it is not considered a core competency. A company's core competency must be unique and valuable to its customers.
Hence the statement is true.
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The price level increases due to demand-pull inflation. As a result
short-run aggregate supply will shift left.
short-run aggregate supply will shift right.
there will be a movement up the short-run aggregate supply curve.
there will be a movement down the short-run aggregate supply curve.
the aggregate supply curve will not be impacted.
Price rises are explained by demand-pull inflation, which occurs when an economy's total demand exceeds its supply. Prices increase as consumer demand grows in response to a limited supply.
Which of the following can result in inflation driven by consumer demand?Demand-pull inflation may be fueled by a growing economy, increased government spending, or international expansion.
High demand or an abnormally low supply might both lead to price hikes. When there is an imbalance between the expanding supply of goods and services and the rising demand for those goods and services, inflation that is driven by demand arises.
Does increasing demand lead to inflation?In an economy that is expanding, demand frequently outpaces supply, allowing businesses to raise prices. In turn, this causes the inflation rate to increase.
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consider the efficiency and equity implications of this scenario. how would you go about balancing the concerns of equity and efficiency? when people lose their jobs, the government provides unemployment benefits until they find new jobs. the provision of unemployment benefits is intended to promote neither equity nor efficiency. both equity and efficiency. efficiency but not equity. equity but not efficiency. which of the following is not an efficiency concern with such a plan? companies may be unable to find workers to return to the labor force. people might remain unemployed longer. people might stop looking for a job. it guarantees everyone a certain amount of income.
The following is not an efficiency concern with such a plan: It guarantees everyone a certain amount of income. This statement refers to the equity of the plan, as it ensures everyone a certain level of income in order to maintain an acceptable standard of living
How would you go about balancing the concerns of equity and efficiency?The provision of unemployment benefits is intended to promote both equity and efficiency. To balance the concerns of equity and efficiency, policymakers must weigh the benefits of helping unemployed workers stay afloat while looking for work against the potential costs of unemployment benefits on workers and the labor market.When people lose their jobs, the government provides unemployment benefits until they find new jobs.
Which of the following is not an efficiency concern with such a plan?The answer is "it guarantees everyone a certain amount of income." This is not an efficiency concern with such a plan. In contrast, companies may be unable to find workers to return to the labor force. People might remain unemployed longer, and people might stop looking for a job if they are guaranteed a certain amount of income.
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Please define Policies and Standard operating Procedures (SOPs) and explain the differences between them. Thank you
Policies and Standard Operating Procedures (SOPs) are critical components of any successful business. They provide employees with guidelines and instructions to ensure that everyone is on the same page and working towards the same goals.
What is difference between policies and Sops?The scope and level of detail are the primary distinctions between policies and SOPs. Policies cover a wide range of topics and serve as a general framework for decision-making. They are typically not very detailed and do not provide specific instructions for completing tasks. SOPs, on the other hand, are much more specific and detailed. They provide step-by-step instructions for completing tasks or processes and are frequently accompanied by diagrams or other visual aids to assist in clarifying the instructions. The purpose of policies and SOPs is another distinction. Policies are intended to guide decision-making and to lay the groundwork for action. They are frequently created in response to changes in the business environment or to address a specific issue or challenge that the organisation is facing. SOPs, on the other hand, are intended to ensure that work is completed in a consistent and high-quality manner. They are designed to increase efficiency, reduce errors, and ensure regulatory or industry standards compliance.
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Assume that a company is considering purchasing a machine for $44,250 that will have a five-year useful life and no salvage value. The machine will lower operating costs by $17,000 per year. The company’s required rate of return is 18%. The profitability index for this investment is closest to:
Click here to view Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using the tables provided.
Multiple Choice
0.83.
1.16.
1.20.
1.26.
According to the question of investment, the profitability index for this investment is 1.20.
What is investment?Investment is the allocation of money or capital in order to gain a profit or return from the investment. Generally, investment involves the purchase of assets such as stocks, bonds, or real estate with the purpose of generating income or capital appreciation. It also involves the purchase of tangible items such as gold or art for the purpose of financial gain. Investment can also involve the purchase of services such as insurance or education in order to increase the value of the investment.
To calculate the profitability index, you need to calculate the present value of the cash flows associated with the machine.
The cash flow associated with the machine is the annual savings of $17,000.
Using the required rate of return of 18%, the present value of the cash flows is $56,937.50.
The profitability index is calculated by dividing the present value of cash flows by the initial investment.
Thus, 1.20 = $56,937.50/$44,250.
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Propose and discuss at least 5 major risks and their respective categories for the multinationals who want to invest in South Africa?
South Africa is a country with significant economic potential, but it also poses some risks for multinational companies looking to invest there.
Here are five major risks and their respective categories that companies should consider when investing in South Africa:
Political Risk - One of the biggest risks of investing in South Africa is political instability. This can be seen in the country's high crime rate, political corruption, and labor strikes. These factors can lead to disruptions in business operations and negatively impact profitability.Economic Risk - South Africa's economy is highly dependent on the export of natural resources such as gold and diamonds, making it vulnerable to fluctuations in commodity prices. The country also faces high levels of inequality, poverty, and unemployment, which can impact consumer spending and business growth.Legal Risk - South Africa's legal system can be complex and bureaucratic, which can make it difficult for foreign companies to navigate. The country also has a history of labor disputes and strikes, which can lead to legal challenges and reputational risks.Infrastructure Risk - South Africa has limited infrastructure in certain areas, such as transportation and energy, which can impact supply chain operations and increase costs for businesses. The country also faces challenges with electricity supply and frequent power outages.Social Risk - South Africa has a complex social landscape, with diverse cultural and ethnic groups. This can create challenges for companies trying to navigate the local market, including language barriers, cultural differences, and the potential for social unrest.In order to mitigate these risks, multinational companies should conduct thorough due diligence before investing in South Africa. This may include partnering with local firms, seeking advice from legal and accounting professionals, and developing strong relationships with local stakeholders. It is also important to have a solid understanding of the local market, including cultural and regulatory nuances, and to develop contingency plans for potential disruptions to business operations.
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which of the following actions by the parties are events of termination of an offer?i. revocation.ii. rejection.iii. death of the offeror.iv. lapse of reasonable time.
Termination of an offer can be caused by various actions and events. Among them are revocation, rejection, the lapse of a reasonable period, and the death of the offeror. All of these are discussed in more detail below.
Revocation occurs when the offeror withdraws the offer before it is accepted by the offeree. The revocation is only effective when it reaches the offeree before they accept the offer. Rejection takes place when the offeree declines the offer. When the offer is rejected, it is considered terminated, and the offeror can no longer accept it.If the offeror dies before the offeree accepts the offer, it becomes void. If the offeree had accepted the offer before the offeror's death, the contract would still be valid. A lapse of a reasonable period have a time limit, and if it is not accepted by the offeree within the specified time frame, it becomes invalid.Alternatively, if no time limit was given, it would be deemed to have lapsed after a reasonable period has passed. Hence, options I, II, III, and IV are events of termination of an offer.
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What's the criteria for choosing a job analysis method according to Levine et al.?
Answer:
Levine et al. identified several criteria for choosing a job analysis method. These include the purpose of the job analysis, the level of detail required, the resources available, the expertise of the analyst, and the characteristics of the job being analyzed. These criteria help to determine the most appropriate method to use for a particular job analysis.
Assume that you are an "about to retire" contract administrator professional. If you could pass just one "advice" to your successor - what would that advice be? Why this specific advice and not something else?
-Public Administration
-Principles of public procurement
As an "about to retire" contract administrator professional, the one advice that I would pass on to my successor is to always prioritize building and maintaining good relationships with vendors and contractors.
Why this specific advice and not something else? This advice is crucial because the success of any contract administration largely depends on the relationships that the contract administrator builds and maintains with the contractors and vendors. Good relationships help to foster trust and open communication, which are essential for successful contract negotiations, conflict resolution, and problem-solving.
If a contract administrator does not prioritize building and maintaining good relationships with vendors and contractors, they risk losing trust, communication breakdowns, and conflict, which could derail the success of the contract. Therefore, a good contract administrator should be proactive in building and maintaining positive relationships with vendors and contractors.
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If carlita's manager asks her to write something for a client, what's the best question to ask to determine the purpose of the communication? question 1 options: a. how long should it be? b. what does the communication need to accomplish? c. are you sending the communication as an email or letter? d. where is the client located?
Option (b), What must be accomplished through communication? if Carlita's management requests her to draft something for a client determining the communication's goal required asking the right question.
What three things are the purposes of communication?In both personal and professional settings, communication is largely used to inform, convince, inspire, motivate, build connections, learn, and find inspiration as well as to self-promote and socialize.
Why does communication matter?By enabling us to connect with others and share our needs and experiences, communication promotes the development of relationships in daily life. The ability to think, learn, and express one's emotions is the essence of existence. We must all exchange information.
Why does communication require a process?A message or information must be conveyed from the sender to the destination over a designated channel while avoiding impediments that slow down the process. This is known as the act of communicating. The sender initiates communication, which is a continuous process that ends with the sender by way of feedback.
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A nation wanting to fuel long-term economic growth will focus on which two factors?
a. state ownership of enterprises and control of trade activities
b. innovation and entrepreneurial activity
c. education and tax relief.
d. strong infrastructure and business incentives to growth
In the long run, entrepreneurs help the economy and job market. The government supports and fosters the economy growth of innovative startups.
What part do entrepreneurs play in economic development?Entrepreneurship plays a significant part in economic growth. Entrepreneurs influence the economy through creating new employment and opportunities, stimulating innovation, and creating new markets, products, and services. They also construct enterprises and increase their own personal wealth.
What are some of the impacts of entrepreneurship on economic expansion?Market economies need entrepreneurs because they may be the ones who spearhead the country's economic growth. By creating new products and services, they promote new employment, which eventually speeds up economic growth.
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juanita paid $50,000 of interest on a mortgage on her home (loan of $1,000,000 at 5% interest rate to buy the residence in 2018; $1,200,000 original purchase price and value at purchase) and $6,500 of interest on a $100,000 home-equity loan on her home (loan proceeds were used to buy furniture). juanita's agi is $600,000. how much interest expense can juanita deduct as an itemized deduction?
Juanita's interest expense that she can deduct as an itemized deduction is $54,500.
Interest expense is the cost of borrowing money, which is often represented by an interest rate that accrues on a loan over time. Interest expense is paid on bonds, loans, credit cards, and other types of debt.Juanita's mortgage loan: Juanita took out a loan for $1,000,000 with a 5% interest rate to buy her home, which was worth $1,200,000. As a result, Juanita would pay $50,000 in interest on the mortgage on her home.She also took out a home equity loan to buy furniture for $100,000, which had a $6,500 interest rate. This loan, however, was not used to purchase or renovate Juanita's primary residence since it was a home equity loan.An itemized deduction is a deduction that an individual can subtract from their taxable income, lowering their tax bill. An itemized deduction allows taxpayers to reduce their taxable income by claiming their deductible expenses, such as mortgage interest, medical expenses, and charitable donations.Juanita's AGI is $600,000.So, Juanita's interest expense can be deducted as an itemized deduction. The total amount of her interest expense is $50,000 + $6,500 = $56,500. The interest expense related to the home equity loan is limited to $100,000 of principal. As a result, only $50,000 of Juanita's interest expense is considered a qualified residence interest deduction, which can be claimed on Schedule A of her tax return. Therefore, Juanita can only claim $54,500 in interest expense as an itemized deduction.Learn more about interest expense: https://brainly.com/question/28427118
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A recent Leeds Metropolitan University graduate has developed a new product. She now has to decide whether to set up in business.She has been advised that the demand for the product is likely to be as follows:Sales price per unit Sales volume per year£100 650£150 500£200 400£250 250The costs associated with the manufacture, selling and distribution of the product would be:Variable cost per unit: £75Fixed costs: £10,000 per yearThe costs stated above exclude the following additional considerations:(i) The student has already incurred £500 on market research and intends to spend a further £500; and(ii) The student will pay herself a monthly salary of a £800. If she decides to go ahead with the product development she will have to give up her job as an administrative assistant which pays her a salary of £500 per month.1. In deciding whether or not to set up the business the total market research costs are classified as:(a) a sunk cost of 1000 which may be ignored(b) a sunk cost of £500 which may be ignored and a relevant cost of £500(c) an opportunity cost of £500(d) an opportunity cost of £500 and a relevant cost of £5002. In deciding whether or not to set up the business the salary the student earns as an administrative assistant should be treated as:(a) an incremental benefit of £300 per month(b) an opportunity cost of £500 per month(c) an opportunity cost of £300 per month(d) an opportunity cost of £1000 per month3. If the student decides in favour of setting up the business, which of the selling prices should be charged, on the basis of the estimates given, in order to maximise profits?(a) £100(b) £150(c) £200(d) £250
Q1: In deciding whether or not to set up the business the total market research costs are classified as: (b) a sunk cost of £500 which may be ignored and a relevant cost of £500
Q2: In deciding whether or not to set up the business the salary the student earns as an administrative assistant should be treated as: (b) an opportunity cost of £500 per month
Q3: If the student decides in favour of setting up the business, the selling prices should be charged, on the basis of the estimates given, in order to maximize profits: (c) £200
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You bought a 21 -year, 8.8% semi-annual coupon bond today and the current market rate of return is 3.18%. The bond is callable in 5 years with a $70 call premium. What price did you pay for your bond?
You paid the current market price for the bond, which is equal to the present value of the bond's cash flows discounted at the current market rate of return of 3.18%.
To calculate this, first determine the present value of the bond's coupon payments, discounted at 3.18%. This amount is equal to the semi-annual coupon rate of 8.8%, multiplied by the number of periods (21 x 2), multiplied by the present value of $1 factor (1/[1+3.18%/2]^42).
Then, add the present value of the bond's call option, which is equal to the call premium of $70 multiplied by the present value of $1 factor (1/[1+3.18%/2]^10). This amount added to the present value of the coupon payments will give you the current market price for the bond.
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In which organizational model do all buyers report into the procurement function?
The center-led model
The centralized model
The strategic aspects of sourcing and procurement are centralized in a center-led system, but the tactical purchases are left to the individual.
What does supply chain management's strategic sourcing entail?The following is a definition of strategic sourcing. A formalized process for procuring goods and services; "a method of supply chain management that formalizes the way information is gathered and used so that a company can use its collective purchasing power to obtain the best rates available.
Is sourcing for procurement strategic?A procurement procedure known as "strategic sourcing" integrates data gathering, spend analysis, market research, negotiation, and contracting. It ends before the goods and services are actually purchased and paid for.
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the standard unit cost is used in the calculation of which of the following variances? (cpa adapted) materials price variance materials usage variance a. no no b. no yes c. yes no d. yes yes multiple choice option b option d option a option c
Materials price variance materials usage variance is yes and yes. (D)
The calculation of both materials price variance and materials usage variance includes the use of standard unit cost. The standard unit cost is the predetermined cost of a single unit of a product that is based on management's assumptions about material, labor, and overhead costs.
Materials price variance is the difference between the actual cost of the materials used in production and the expected cost of the materials used in production, based on the standard unit cost. This variance is computed to identify the causes of differences between the actual and expected costs of the materials used.
Materials usage variance, on the other hand, is the difference between the actual quantity of materials used in production and the quantity of materials that should have been used, based on the standard unit cost.
This variance is computed to identify the reasons for differences between the actual and expected quantities of materials used. (D)
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blunderbluss manufacturing's balance sheets report $200 million in total debt, $77 million in short-term investments, and $47 million in preferred stock. blunderbluss has 10 million shares of common stock outstanding. a financial analyst estimated that blunderbuss's value of operations is $850 million. what is the analyst's estimate of the intrinsic stock price per share? round your answer to the nearest cent.
The analyst's estimate of the intrinsic stock price per share is $85.00.
To calculate this, the analyst would take the value of operations ($850 million) and subtract the total debt ($200 million), short-term investments ($77 million) and preferred stock ($47 million). This leaves an equity value of $526 million. To get the intrinsic stock price per share, the analyst would then divide the equity value ($526 million) by the number of shares outstanding (10 million). This results in an intrinsic stock price per share of $85.00.
Overall, the intrinsic stock price per share is a measure of how much a share of stock is worth. It is calculated by subtracting the firm's liabilities from its assets. This gives the equity value, which is then divided by the number of shares outstanding. The resulting number is the intrinsic stock price per share.
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Carla has three messages she needs to transmit. One is a long message to a client detailing an upcoming business deal. One is notification of an upcoming clearance sale for all of her customers to attend. One is a quick request for a colleague to attend a meeting next week. How should Carla MOST effectively communicate these messages? What is the MOST appropriate channel for sending each of these messages and why?
Calling or using instant messaging would be the best option for such a brief message in communication channel. Carla can get a prompt answer and discuss any relevant facts or queries over the phone.
Long statement outlining to a client a future business agreement: Email would be the best option for such a lengthy communication. Carla can send all the necessary information in writing via email, which is a professional and official approach to transmit important information. In Communication channel announcing a sale that any of her customers are welcome to attend: Social media or a business newsletter could be used to successfully communicate such a large-scale announcement. Carla can select the most efficient medium for each communication to make sure it gets heard and understood as soon as possible.
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