Answers
Concord corporation, The following benefits result from replacing the old machine: = $154,000.
a) Information and computations
New machine, old machine
Price $200,000 $400,000
Amount of Accumulated Depreciation 60,000 -
10 years are yet in its usable life, which is 0
Useful life: 0–10 years
Operating expenses per year $160,000 $120,000
Relevant expenses
New machine, old machine
Operating expenses each year are $160,000 $120,000.
Total operating expenses per year: $1,600,000 $1,200,000 ($120,000 * 10)
Relevant cost Price 140,000 400,000
Value of an old machine for sale (14,000)
In total, $1,740,000 was spent; $1,586,000 was spent.
($1,740,000 - $1,586,000) The net benefit of replacing the old equipment is $154,000.
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Complete question is:
Concord corporation is contemplating the replacement of an old machine with a new one. The following information has been gathered: Old Machine New Machine Price $200000 $400000 Accumulated Depreciation 60000 -0- Remaining useful life 10 years -0- Useful life -0- 10 years Annual operating costs $160000 $120000 If the old machine is replaced, it can be sold for $14000. The company uses straight-line depreciation with a zero salvage value for all of its assets. The net advantage (disadvantage) of replacing the old machine is
Related Questions
1. You are an adult employed in your favorite career. You earn
$15.00 per hour. Every hour over 40 per week, you earn
1.5 times your current rate. Based on the schedule listed
below, how much money did you earn last week
Answers
Assuming you worked 50 hours last week, the total amount of money that you earned based on the work rate described above, is $825.
When you work for 40 hours in a week, you are normally paid $15 for each of those hours. This means that out of the 50 hours you worked, the normal salary you made was:
= Number of hours in week x Amount per hour
= 40 x 15
= $600
The total amount of hours you worked over 40 was:
= 50 - 40
= 10 hours
For these 10 hours, you are paid 1.5 your normal rate of $15 per hour which means that you made:
= 10 x 15 x 1.5
= $225
The total you made was therefore:
= Normal salary x Amount earned for working over 40 hours
= 600 + 225
= $825
In conclusion, you earned $825 last week.
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Identify the features of stocks and bonds.
coupon rate
face value
closing price
maturity date
Stock? Bond ?
Plato/edmentum unit 3 finance
Answers
Answer:
Stocks:
closing price maturity rateBonds :
Coupon rate Face valueExplanation:
A stock entitles the holder to dividend payments and gives ownership right of a company to the holder.
The closing price of a stock is the last price that the stock sells for at the end of a trading session
A bond is a debt instrument.
Which benefit of market research does this example convey?
Jennifer works as a marketing manager for her company. Over the last year, she and her staff conducted many telephone and focus group
surveys, as well as interviews, to collect market research data from the company's existing customers. In the process, the research team
interacted with many customers and established a good rapport with them. This helped the business reap the benefits of
Answers
Answer:
customer loyalty
Explanation:
Customer loyalty: Through market research, a business communicates with its consumers. Consumers can give opinions and express grievances through the market research process. Such interaction can help a business establish a strong rapport with its consumers, which leads to customer loyalty.
Answer:
Costumer Loyalty
Explanation:
I took this exact test:
Type the correct answer in the box. Spell all words correctly.
Which benefit of market research does this example convey?
Jennifer works as a marketing manager for her company. Over the last year, she and her staff conducted many telephone and focus group surveys, as well as interviews, to collect market research data from the company’s existing customers. In the process, the research team interacted with many customers and established a good rapport with them. This helped the business reap the benefits of BLANK
A manufacturing shop is designed to operate most efficiently at an output of 1,090 units per day. In the past month the plant averaged 870 units per day. What was their capacity utilization rate last month
Answers
Answer:
The answer is 74.31%
Explanation:
Capacity utilization or is the extent or level to which a firm utilizes or make use of its installed productive capacity. It is the relationship between the output alrey produced with the given resources and the potential output that can be made if capacity was 100 percent utilized.
Most efficient level = 1,090 units per day
Capacity used = 870 units per day
Capacity used/most efficient level
810/1090
= 74.31%
True or False: The market for internet does not exhibit the two primary characteristics that define perfectly competitive markets.
Answers
Answer: True
Explanation: Perfectly competitive markets are characterized by two main features: a large number of buyers and sellers, and homogeneous products.
In the case of the market for internet, there are typically a limited number of providers offering internet services in a given area. This means that there are not a large number of sellers in the market. Additionally, while the basic functions of internet services may be similar, there can be differences in terms of speed, reliability, quality, and customer service among different providers. This means that the products offered by internet providers are not completely homogeneous and vary by region.
A firm has an average total cost of $50. If it sells 20 units of its product at $80 each, what is its profit?
Answers
Axsom Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 1,300 direct labor-hours will be required in March. The variable overhead rate is $8.90 per direct laborhour. The company's budgeted fixed manufacturing overhead is $20,020 per month, which includes depreciation of $2,600. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. What should be the predetermined overhead rate for March
Answers
Answer:
Estimated manufacturing overhead rate= $24.3 per direct labor hour
Explanation:
Giving the following information:
The direct labor budget indicates that 1,300 direct labor-hours will be required in March.
The variable overhead rate is $8.90 per direct labor hour.
The company's budgeted fixed manufacturing overhead is $20,020 per month.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= (20,020/1,300) + 8.9
Estimated manufacturing overhead rate= $24.3 per direct labor hour
Answer:
Overhead rate = $15.4 per direct labour hour
Explanation:
The predetermined overhead absorption rate = Estimated overhead for march/ Estimated direct labour hours
= $20,020/ 1,300 hours
= $15.4 per hour
Overhead rate = $15.4 per direct labour hour
Note that deprecation is part of the fixed cost and that the examiner included the additional information about it just to distract the student
To finish the competition, Henry needs to participate in one of the 3 running events, 7 jumping events, or 19 swimming events. How many different choices does Henry have to finish the competition?
Answers
Henry's choices are equal to 3 events for him to finish the competition.
Data and Calculations:
Henry can choose one of 3 running events = 3 choices
Henry can also choose one of 7 jumping events = 7 choices
Henry can also choose one of 19 swimming events = 19 choices
The sum of all the choices that are available to Henry = 29 (3 + 7 + 19)
But Henry is restricted to choosing only one in either running, jumping, or swimming contests.
Thus, Henry is limited to 3 choices, one from each event class.
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Answer:
29
Explanation:
Henry will select just one of the events to complete the competition. To find the number of ways he can finish the competition we add up all of the different events he can do. This gives 3+7+19=29 different ways he can complete the competition.
Answer:29
what small, frequent purchases made by most people interfere with their savings and cause regret?
Answers
Answer: Eating out at restaurants
Explanation: People often go out and eat in restaurants instead of cooking their food by themselves, which starts to dig into their savings account.
What are the pros and cons of using alternation ranking method?
Answers
Explanation:
AlternationrankingSimple to use (but not as simple asgraphic rating scales). Avoids centraltendency and other problems ofrating scales. Can cause disagreements amongemployees and may be unfair if allemployees are, in fact, excellent. ForceddistributionEnd up with a predeterminednumber or % of people in each group.
When employees are ranked for the worst performance, they get an opportunity to change improve their performance. Central tendency problems can be avoided by using the alternation ranking method. Another advantage of this method is it avoids biases and other problems while rating the employee
One of the disadvantages associated with this method is the fact that the factors could be interpreted differently from one person to another, and if the factors are misinterpreted, rating is not comparable between different employees.
The advantages of the individual ranking method are it is easy to understand and use, it is easy to compare job performance, and it saves money and time. The disadvantages of the individual ranking method are it is not easy to practically compare each of the employees and for large organizations, it is not applicable.
The alternation ranking method is a useful tool for performance appraisals, but it should be used in conjunction with other appraisal methods to provide a more comprehensive view of an employee's performance.
Here are the various pros and cons of the method:
Pros of using the alternation ranking method:
Simple and easy to use: The method is easy to understand and use, making it ideal for small organizations or departments with limited resources through management.
Objectivity: The method reduces bias by comparing employees to each other, rather than using an absolute standard.
Comparison of performance: The method enables employers to compare the performance of employees, which can help identify strengths and weaknesses.
Cons of using the alternation ranking method:
Limited differentiation: The method can be limited in its ability to differentiate between employees, especially if the differences in performance are not significant.
Time-consuming: The method can be time-consuming and requires a lot of effort to compare each employee with every other employee.
Unreliable: The method can be unreliable if the employees being compared have vastly different roles, job descriptions, or performance metrics.
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On August 1, 2020, Jose purchased and placed in service a building that cost $1,200,000. An appraisal determined that 25% of the total cost was attributed to the value of the land. The bottom floor of the building is leased annually to a retail business for $24,000. The other floors of the building are rental apartments with an annual rent of $190,000
Answers
The laws passed by Congress and by state legislatures are called:
Answers
Answer:
Rules
Explanation:
I think I'm right
Answer:
Rules
Explanation:
Yes I think this is right
6. Determine the estimated sales if 40 contacts are made. 17. FILE A recent article in Bloomberg Businessweek listed the "Best Small Compa- nies." We are interested in the current results of the companies' sales and earnings. A random sample of 12 companies was selected and the sales and earnings, in millions of dollars, are reported below. Company Papa John's International Applied Innovation Integracare Wall Data Davidson & Associates Chico's FAS X Sales Earnings ($ millions) ($ millions) $89.2 18.6 18.2 71.7 58.6 46.8 $4.9 4.4 1.3 Company Checkmate Electronics Royal Grip M-Wave Serving-N-Slide 8.0 6.6 Daig 4.1 Cobra Golf X M Sales Earnings ($ millions) ($ millions) $17.5 11.9 19.6. 51.2 28.6 69.2 $2.6 1.7 3.5 8.2 6.0 12.8 Let sales be the independent variable and earnings be the dependent variable. a. Draw a scatter diagram. b. Compute the correlation coefficient. c. Determine the regression equation. d. For a small company with $50.0 million in sales, estimate the earnings. orting in several rec
Answers
a The scatter diagram is attached .
b The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
b The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
d If a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
How to explain the workingEnter the data into a spreadsheet.
Company Sales (millions of dollars) Earnings (millions of dollars)
Papa John's International 89.2 18.6
Applied Innovation 18.2 4.4
Integracare 71.7 1.3
Wall Data 58.6 4.9
Davidson & Associates 46.8 4.6
Chico's FAS 42.0 2.6
Checkmate Electronics 36.0 2.2
Royal Grip 30.0 1.7
M-Wave 24.0 1.5
Serving-N-Slide 18.0 1.3
Daig 12.0 1.1
Cobra Golf 6.0 0.8
Step 2: Use the "Scatter" function to create a scatter diagram.
The scatter diagram shows that there is a positive linear relationship between sales and earnings.
Use the "Correlation" function to calculate the correlation coefficient.
The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
Use the "Regression" function to calculate the regression equation.
The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
Substitute 50 for x in the regression equation to calculate the estimated earnings.
When x = 50, y = 0.09 * 50 + 2.2 = 41.2.
Therefore, if a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
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si el dia 17 de junio me comprometo a pagar una suma de dinero en un plazo de 3 meses: ¿hasta que dia tengo tiempo para hacer efectivo el dinero?
Answers
The date that you would have to pay back the money borrowed would be September 16.
How to find the date ?A financial agreement or contract is established when an individual commits to paying a specific sum of money within an agreed-upon timeframe. In this particular instance, the obligation entails remitting payment within three months from June 17.
Should one vow to pay said amount before 3 whole months after June 17, then they would have until September 16th to follow through on their promise. This is because September 17th marks the end of the third month and thus its conclusion. Nevertheless, given that full payment is mandated within the span of those 90 days, the last day to submit the sum turns out to be September 16th - marking the final date of the time period at hand.
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In the Overview tab of the Client List, what filter can be applied to only show clients assigned to a specific team member?
Answers
The filter that can be applied to only show clients assigned to a specific team member is the Client list lead filter. This is further explained below.
What is a Client List?Generally, a client list can be defined as a list of selected, prequalified, and potential clients' names, addresses, and contact information.
In conclusion, the Client list lead filter can limit your client list to only those assigned to you or a member of your team.
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Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
Answers
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
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If I buy 4 books and 2 pens. 4 books: $14.29, $14.29, $13.29, and $9.29. Pens: $3.99 and $5.99. And I gave $60.00. The cashier gave me 32 cents back. Did the cashier give me the right amount of cash back?
(No need to add tax because for the 4 books and 2 pens already has tax added.)
Answers
Yes, the cashier gave the exact amount of money.
$60.14 ($14.29 + $14.29 + $14.29 + $13.29 + $9.29 + $3.99 + $5.99) is the total price of the items. The cashier gave have to return $0.14 in change if the customer had given $60.00. The client was due more change, so the clerk gave them 32 cents back instead.
This indicates that the cashier gave the appropriate amount of money and even provided extra change. Debit card cashback is a service that is available to retail customers. It involves adding money to the transaction's total purchase price and giving the customer the extra cash at the point of sale.
As a result, the significance of the cashier give me the right amount of cash back are the aforementioned.
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Dwight Donovan, the president of Rundle Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of five years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $108,000 and for Project B are $33,000. The annual expected cash inflows are $36,113 for Project A and $9,612 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Rundle Enterprises’ desired rate of return is 8 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)
Answers
Using the Net Present Value approach, the project that Rundle Enterprises should pick based on the desired rate of return and cash flows is Project A.
What are the net present values?The net present value is the a criteria for picking projects by deducting the expenses from the present value of the cash flows.
The project with the higher net present value should be picked.
The net present value of project A is:
= Present value of cash inflows - Initial expenditure
= (36,113 x present value interest factor for an annuity, 8%, 5 years) - 108,000
= 36,113 x 3.99271 - 108,000
= $36,188.74
The net present value of Project B:
= 9,612 x 3.99271 - 33,000
= $5,377.93
The project with the higher net present value is Project A so it should be selected.
Full question is:
Compute the net present value of each project. Which project should be adopted based on the net present value approach?
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The purchase price and all costs to bring an asset to its desired condition and location for use should be ______. expensed accrued capitalized. capitalized.
Answers
The purchase price and all costs to bring an asset to its desired condition and location for use should be capitalized.
This means that the costs are added to the cost of the asset and recognized as an asset on the company's balance sheet, rather than being recognized as an immediate expense on the company's income statement. By capitalizing these costs, the company can more accurately reflect the total cost of acquiring and preparing the asset for use over its useful life.
What is balance sheet?
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It shows the company's assets, liabilities, and equity, and provides information about how the company's resources are financed.
On a balance sheet, assets are what the company owns, such as cash, inventory, property, and equipment. Liabilities are what the company owes to others, such as loans, accounts payable, and accrued expenses.
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Complete question is: The purchase price and all costs to bring an asset to its desired condition and location for use should be capitalized.
What motivates people to buy certain products?
Answers
Focused reports help managers ____________ the challenge before recommending solutions. Reports that present data without conducting analysis arei ______________.
Like other business messages, reports can range from informal to formal depending on their purpose, audience, and setting. Which of the following contributes to an informal writing style?
a. Absence of humor
b. Passive voice verbs
c. Familiar words
d. Use of contractions
Answers
Answer: analyze, informational reports;
the use of contractions
Explanation:
Focused reports help managers (analyze) the challenge before recommending solutions. Reports that present data without conducting analysis are (informational reports)
b. The option that contributes to an informal writing style is ( the use of contractions). Other informal writing styles are:
• First-person pronouns
• Active-voice verbs
• Conversational language
what step in the rational decision-making process involves assessing what worked and did not work about the process and solution
Answers
The step in the rational decision-making process which involves assessing what worked and did not work about the process and solution is defining the problem.
What is rational decision-making process?Rational decision can be described as the opposite of intuitive decision making.
It can be described as the strict procedure utilizing objective knowledge and logic and this also involves identifying the problem to solve, it hence The step in the rational decision-making process which involves assessing what worked and did not work about the process and solution is defining the problem.
In conclusion, Decision making serves as the process that involves consideration of choices through the identification of a decision.
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Answer:
the last step
Explanation:
You, a Captain, are a section chief in Military Personnel and 2d Lt Smith’s supervisor. Lt Smith is a Force Support Officer. She has been on active duty for a year and in her present job for 10 months. She supervises 21 enlisted personnel who perform a variety of administrative tasks in support of a tactical fighter wing. She majored in business administration in college, served 3 years as an administrative specialist, and was an E-4 before being accepted for OTS. As an enlisted member, she graduated from technical school as an honor graduate and was cited on numerous occasions for outstanding performance. Her supervisors considered her a valuable asset to the unit and an expert in her area of responsibility. She’s very enthusiastic about her work and plans to make the Air Force a career.
Lieutenant Smith took over her job 2 months after the unit had received a rating of “marginal” by the numbered Air Force Inspector General’s evaluation team. At the end of her first week on the job, Lt Smith called her NCOIC and key supervisors together and told them that she wouldn’t tolerate marginal performance, that she had previous experience in this type of work, and would be looking at the quality of their work very closely. Since that time, Lt Smith has attempted to supervise every phase of work in her office and, at times, has involved herself in even the most routine decisions. Lt Smith assigns people to certain jobs within the office, plans the work schedule, leave schedule, and does most of the counseling in the office.
In the last 6 months, Lt Smith has ordered several people to work overtime to complete routine work ahead of schedule. Each time this has happened, the NCOIC has asked the lieutenant for permission to speak to her immediate supervisor. On each occasion, the lieutenant has told the senior master sergeant he must not take these internal problems to you, because she’ll take care of any problems in her section--and the NCOIC should remember who writes his EPR.
Most of the time, when Lt Smith approaches the work or break area where the workers are congregated, she notices all conversation stops and the personnel won’t talk to her unless she addresses them first. After reviewing a report yesterday, Lt Smith became very impatient. She bypassed his NCOIC and took the report directly to the Airman who had typed it. While Lt Smith was berating the Airman about the typing errors, the NCOIC walked into the office and asked the Airman what the problem was. The lieutenant became flustered, told the NCOIC she was tired of doing his job for him, and shoved the report into his hands. Lt Smith then went into her office and slammed the door.
The NCOIC relayed this situation to you and asked for your help. How will you help? BACKGROUND
*ENVIRONMENT: Airforce Base
*PEOPLE INVOLVE: The Captain, Lt Smith, Airman and NCOIC.
PROBLEM DEFINATION
*Lt Smith Unprofessional Behavior
DIAGNOSIS
*Marginal Performance
*Previous Experience
*Enthusiastic With her Job
*Academic Credibility
Answers
The lieutenant Smith has taken leave, and everything is running smoothly. People are, however, more attentive when she is present. Decisions are being delayed, and morale was low. The and other important supervisors are worried which some people may decide to due to her supervision, leave the service style.
Several issues must be addressed as a result of this case study. Lieutenant Smith's micromanagement technique is causing morale issues and may lead to retention issues, which is one of the main concerns. It's also troubling that she's requesting people to work extra hours without proper authorization or regard for the impact on their personal lives.
As her boss, you ought to tackle these concerns with Lt Smith and advise her on proper supervisory techniques. You could advise her to delegate more responsibilities to her NCOIC and other key supervisors, and to concentrate in strategic planning and decision-making instead of micromanaging every detail. We should also emphasise the significance of adhering to proper procedures for authorising overtime and taking into account the impact on personnel.
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Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.
Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.
‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company. They are fast and have a great reputation for products and services. The price is good and they are willing to customize the stationary, with no additional cost to us. Anyway, Nicholas was always too busy to meet. I emailed him the contract and my teams thoughts on how we should proceed hoping he would read it.’ My team consists of the Accounts/Finance Manager, Inventory Manger, Legal, Research & Development, Public Relations Manager and I, and we meet at different times and days, whether collectively or selectively.
‘Anyway we, Nicholas and I, met with the supplier this morning. We are going through the contract, the next thing I know Nicholas says, ‘This won’t work for us. The cost is too high. Where did these calculations come from?’ ‘If the floor had opened up and swallowed me I could have not been more embarrassed. I mean I spent three weeks, working on it with the team Accounting, PR and Legal! Joseph shaking his head continued, ‘he just took over the conversation. I mean we got the contract signed but in the end all that happened was that the figures were rearranged we still end up paying the same.’ ‘I am tired of this foolishness. He stays locked in his office on his cell every day. Only God knows what he does in there.’
1. Do you believe that Nicholas is an unethical manager? Justify your response by choosing one of the ethical decision making concepts outlined in unit 2 to argue/support your writing.
2. From the chosen ethical decision making concept selected by you in question 1, show its relationship to any one of the variables in an analytical tool, outlined in unit 1, read.
Answers
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior. It appears that Nicholas did not take the time to review the contract or the team’s thoughts, but still took over the conversation with the supplier and changed the figures. This behavior could be seen as a violation of the ethical principle of fairness, which involves treating others in a reasonable, equitable, and impartial way. Nicholas’ actions suggest that he did not give due consideration to the team’s input or their efforts to finalize the contract, which could affect their working relationship and trust in him as their manager.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business. Fairness is based on the idea of treating all stakeholders equitably and impartially, taking into account their needs, interests, and perspectives. In this case study, Nicholas’ actions appear to violate the principle of fairness by disregarding the efforts of Joseph and his team to finalize the contract, and making unilateral changes without adequate review or discussion.
To analyze this situation using an analytical tool, we can use the Stakeholder Mapping tool, which helps to identify and categorize stakeholders based on their level of interest and power. In this tool, stakeholders are divided into four categories: High power/high interest, High power/low interest, Low power/high interest, and Low power/low interest. In this case, Joseph and his team are the stakeholders with high power and high interest in the situation, as they are responsible for finalizing the contract.
Using the Stakeholder Mapping tool, we can see that Nicholas’ actions have the potential to undermine the trust and collaboration of high power/high-interest stakeholders, who are critical to the success of the project. Specifically, his actions may cause frustration, resentment, and loss of confidence in his management ability. This could result in a breakdown of communication and cooperation, which would ultimately affect the team’s performance and the overall success of the project. Therefore, it is important for Nicholas to consider the perspectives and input of all stakeholders, including those with high power and high interest, when making decisions that affect them. By doing so, he can ensure that his decisions are ethical, fair, and aligned with the needs of all stakeholders.
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Kari has been saving money for college for the past four years; she thinks that she is close to her goal amount of $30,000 which is helpful as she is currently a senior in high school. Kari begins to look for a university she might want to attend. Once Kari starts looking at the cost of college she runs across a number of places that would cost 30,000 in a single year. Kari is reluctant to move from her original view that she can find a four-year university that will not exceed her $30,000 budget. What method of problem solving has Kari employed
Answers
Answer:
Kari has employed the method of anchoring bias
Explanation:
Anchoring Bias is a bias where the person anchors his/her thinking based on a reference or starting point. For example, if we enter a store and see a shirt of $1000 and then a shirt for $100 we will perceive the second shirt as cheaper since we anchor our judgment based on the first shirt price we saw.
Local planning teams are often called planning .
Answers
Answer:Commissions
Explanation:an instruction, command, or duty given to a person or group of people.
Help!
dancing is considered as labor, capital,land or entrepreneurship?
Answers
Answer:
D. Entrepreneurship
Because 100% it's not a land or a capital. Well, it may be a labor, but mostly it's entrepreneurship.
Hope that helps you
What is the best way to manage interruptions and emergencies in my day?
Answers
put interruptions on hold and take care of emergencies. priority is challenging but it's worth the work
Answer:
Emergency
Explanation:
Emergency is more important that an interruption.Emergency are more life or death.An interruption is small and yes a bit agervating at time but are less import than a life or death emergency.
The following data relate to direct labor costs for the current period:
Standard costs
9,000 hours at $5.50
Actual costs
8,500 hours at $5.75
What is the direct labor rate variance?
Answers
Answer:$2,125 unfavorable
Explanation:
Given
Standard costs 9,000 hours at $5.50
Actual costs 8,500 hours at $5.75
we have two formulas to calculate for direct labor rate variance is:
1ST ----Direct Labor rate variance = (Actual Rate- Standard Rate ) x Actual hour
=( $5.75 -$5.50) x 8,500 = $2,125 unfavorable
2ND----Direct Labor Rate Variance=Actual Direct Labor Cost Incurred - Standard Direct Labor Cost Based on Actual Hours
=Actual Hours x Actual Rate -Actual Hours x Standard Rate
= ($5.75 x 8,500 hours)-($5.50 x 8,500 hours)
$48,875 - $46,750 = $2,125 unfavorable
when the actual rate is higher than the standard rate, the Direct Labor Rate Variance is unfavorable and if the actual rate is lower than standard rate, the variance is favorable.
A news headline reads, "Time for change: let free market forces determine the money supply." Which statement offers a valid claim in direct support of this headline?
Congress affects the economy through fiscal policy; controlling the money supply is unnecessary.
Congress should lose its role in fiscal policy; it often fails to influence the money supply.
The Fed is just as important as Congress, as monetary policy works differently in the economy.
The Fed should be controlled by Congress, and monetary policy should be publicly voted upon.
Answers
The statement "Congress should lose its role in fiscal policy; it often fails to influence the money supply" offers a valid claim in direct support of the headline "Time for change: let free market forces determine the money supply."
What are market forces?
Market forces refer to the complex interactions between buyers and sellers in a market, which determine the prices and quantities of goods and services that are traded. These forces include supply and demand, as well as other factors such as competition, the cost of production, and the availability of substitutes.
The headline suggests that the current system of having Congress and the Federal Reserve (the Fed) control the money supply is not effective, and that allowing free market forces to determine the money supply might be a better approach. The statement supports this idea by arguing that Congress has not been successful in influencing the money supply, and therefore should not have a role in fiscal policy.
It's worth noting that the other statements do not directly support the headline. The first statement (Congress affects the economy through fiscal policy; controlling the money supply is unnecessary) does not address the headline's suggestion that free market forces should determine the money supply. The third statement (The Fed is just as important as Congress, as monetary policy works differently in the economy) does not address the issue of whether free market forces should be allowed to determine the money supply. The fourth statement (The Fed should be controlled by Congress, and monetary policy should be publicly voted upon) suggests a different approach to determining the money supply, rather than letting free market forces determine it.
Hence, the 2nd statement offers a valid claim on the statement, "Time for change: let free market forces determine the money supply."
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