Answers
Answer:
estimation phase
Explanation:
The Estimation process is more useful to allow trade offs in terms of labor and cost of equipment to reduce the building project period.
That's because it's good to manage the period of operations and during time estimation cycle and preparation of critical path and network, but if they try to do it at the time of construction, there are several factors that make it complicated and can affect prepared network failure.
Therefore it is the case of estimation phase
Related Questions
Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson, president of the company, anticipates a 15 percent increase in the cost per unit of direct labor on January 1 of next year. He expects all other costs and expenses to remain unchanged. Wilson has asked you to assist him in developing the information he needs to formulate a reasonable product strategy for next year.
You are satisfied that volume is the primary factor affecting costs and expenses and have separated the semivariable costs into their fixed and variable segments. Beginning and ending inventories remain at a level of 1,000 units. Current plant capacity is 20,000 units. The following are the current-year data assembled for your analysis.
Sales price per unit $100
Variable costs per unit:
Direct materials $10
Direct labor $20
Manufacturing overhead and selling and administrative expenses 30 60
Contribution margin per unit (40%) $40
Fixed costs $390,000
Required:
a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?
b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?
c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.
Answers
a. An increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b.The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The required sales volume is 18,500 units.
c. The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units
a. To maintain the current contribution margin ratio of 40 percent, the selling price per unit needs to be increased by 20 percent [(15 percent wage increase) / (current contribution margin ratio)].
Therefore, an increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b. To maintain the current operating income of $350,000, the number of units that must be sold can be calculated using the contribution margin ratio.
The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The formula for calculating the required sales volume is:
(Number of units) = (Fixed costs + Desired operating income) / Contribution margin per unit
Plugging in the values, we have:
(Number of units) = ($390,000 + $350,000) / $40 = 18,500 units
c. Before the capacity expansion, the estimated operating income can be calculated using the current production and sales volume of 18,500 units.
The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units.
The schedules of estimated operating income at full capacity before and after the expansion can be prepared by multiplying the respective sales volumes with the contribution margin per unit and subtracting the fixed costs and the wage increase.
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17-1: Many multinational and global companies use ethnocentric staffing in their operations abroad. Why do you think a company might prefer to have someone from home country in top management positions? If you were hired as a consultant, would you recommend that a multinational or global business change its policy? Explain.
17-2: Culture shock is commonly experienced by people living in an unfamiliar culture. Yet not all people experience it, and not all people feel its effects in the same way nor to the same extent. Some experts advise psychological testing to determine one's likelihood of handling such an adjustment. What psychological attributes do you suppose are advantageous in this situation? What sort of training do you think could help someone adapt more easily to a new culture? Explain.
Answers
Many multinational and global companies use ethnocentric staffing in their operations abroad for reasons such as cultural familiarity, language similarity. psychological attributes that are beneficial in adapting are flexibility, desire to learn more and accept others openly.
In addition to encouraging consistency in management procedures, an ethnocentric staffing policy may also make communication and decision making easier. However, such a policy might also restrict diversity and make it more difficult for the business to respond to local market circumstances or capitalize on local talent. If appointed as a consultant I would suggest multinational companies to adopt a more geocentric staffing strategy that promotes diversity and inclusion while striking a balance between local and global perspectives.
The psychological qualities of openness to new experiences, flexibility, empathy, and resilience are helpful in adjusting to a new culture. These characteristics increase a person propensity to be receptive to new ideas, adaptable to novel circumstances and equipped to deal with the difficulties of integrating into a foreign culture. Intercultural communication classes and language and cultural immersion programs are all types of training that could make it easier for someone to adapt to a new culture.
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Assume the following taxpayer information: The taxpayer is a South African manufacturing company (not a small business corporation as defined) with a 31 March 2023 year of assessment. Calculate the recoupment on the disposal of the machine BELOW. Information pertaining to manufacturing machine: Events Sold Purchased Tax value at date of sale Date 30 December 2022 1 August 2020 Amount R 605 000 R 490 000 R 98 000
Answers
The depreciation allowances allowed in prior years of R533 665 (recoupment amount)The recoupment amount is included in taxable income.
An asset disposed of in the year of assessment (2022) for proceeds exceeding its tax written down value (TWDV) triggers a recoupment of depreciation allowances. The recoupment is calculated by deducting the TWDV from the proceeds, but limited to the sum of depreciation allowances allowed in respect of the asset less any amount that has been recouped in a prior year.
Manufacturing machine sold R605 000 Purchased R490 000 Tax value at date of sale R98 000Calculate recoupment on the disposal of the machine;
The machine's TWDV is R71 335; this is calculated by taking the original cost of R490 000 less the depreciation allowances allowed in prior years of R34 665.R605 000 (proceeds) - R71 335 (TWDV) = R533 665 (recoupment amount)The recoupment amount is included in taxable income.
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1.) What are are the advantages and disadvantages of teams?
Discussion Question( Managing Teams)
Answers
While rules are made to be followed, it is inevitable that some will be broken or not followed at all. In working information environments that require security, it is necessary to take non-compliance a bit more seriously, as the consequences can be dire for a person not following policy. Research and discuss at least one case in which an employee or contract personnel violate or disregard policy, and describe how the business was impacted.
Answers
Answer:
Rules and policies implemented in an organization need to be followed by all the employees. If any employee lacks compliance it could result in negative impact to business activities.
Explanation:
If an employee is hired as IT professional in the company, he is given rules and guidelines in his induction and orientation. These are to be followed by him in any case. If the new employee faces a situation in which some colleague ask him to give password to the restricted files he should immediately deny for doing so. If he gives the password the files can be altered and company data may be haccked.
Holly's salary is $80,000 per year. She contributes 10% of her salary to her 401(k) plan. Her employer contributes 5% of her salary to a profit share plan. She also contributes $2,500 per year to an IRA. Holly's savings ratio is
Answers
Based on the amount that Holly contributes per year, her savings ratio can be said to be 18.1%.
Savings RatioPercentage of annual salary that is contributed to retirement funds. Includes savings made by employer.Holly's savings are:
= (10% + 5%) of salary + Contribution to IRA
= (15% X 80,000) + 2,500
= $14,500
Savings ratio is:
= Savings / Annual salary
= 14,500 / 80,000
= 18.1%
In conclusion, savings ratio is 18.1%.
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A Market share is usually stated as a
Answers
Answer:
stock
Explanation:
a stock is a a share of a company
using a profit p1 of $5,000, a profit p2 of $4,500, and a profit p3 of $4,000, calculate a 95% confidence interval for the mean profit per customer that softbus can expect to obtain. (round your answers to one decimal place.)
Answers
The 95% confidence interval for the mean profit per customer that softbus can expect to obtain is calculated below.
Confidence Interval
Lower Limit = $4,233.3
Upper Limit = $4,766.7
Here, with the 95% confidence interval, the mean profit per customer which the SoftBus can expect in order to obtain is between $4,233.30 and $4,766.7 which is said to be based on the given sample data.
This is further explained below-
The z-score of the 95% = 1.96
Profit Mean Square Root
Difference of MD
P1 $5,000 $500 $250,000
P2 4,500 0 0
P3 4,000 -500 $250,000
Total $13,500 $500,000
Mean $4,500 ($13,500 / 3)
$166,667 ($500,000 / 3)
Here, the Standard Deviation = Square root which is of $166,667 = 408.2
Margin of error = (z-score × standard deviation) / n
= (1.96 × 408.2) / 3
= $266.7
Confidence Interval = The sample mean +/- Margin of error
= $4,500 +/- 266.7
Hence, the Lower Limit = $4,233.3
($4,500 - $266.7)
Upper Limit = $4,766.7
($4,500 + $266.7)
Hence, above mentioned is the upper and lower limit.
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Piedmont Company purchased merchandise on account from a supplier for $45000, terms 1/10, n/30. Piedmont Company returned $7000 of the merchandise and received full credit.If Piedmont Company pays the invoice within the discount period, what is the amount of cash required for the payment
Answers
Answer:
$33,500
Explanation:
The Cash Required for Payment to Supplier is The Purchases Price less Credit Allowance and Cash Discount granted since Piedmont Company pays the invoice within the discount period.
If Piedmont Company had paid invoice out of the discount period we would only deduct the Credit Allowance from the Purchase Price.
Cash Required for Payment Calculation :
Purchase Price $45,000
Less Credit Allowance ($7,000)
Less Cash Discount $45,000 x 10% ($4,500)
Cash Required for Payment $33,500
For the current year ($ in millions), Centipede Corp. had $80 in pretax accounting income. This included warranty expense of $6 and $20 in depreciation expense. Two million of warranty costs were incurred, and MACRS depreciation amounted to $35. In the absence of other temporary or permanent differences, what was Centipede's income tax payable currently, assuming a tax rate of 25%?
Answers
Answer:
$17.25 million
Explanation:
Calculation to determine what was Centipede's income tax payable currently, assuming a tax rate of 25%
Accounting income $80 Temporary difference
Less Depreciation ($15)
($35 - 20)
Add Warranty expense $4
($6 - $2)
Taxable income $69
($80-$15+$4)
Enacted tax rate 25%
Tax payable currently $17.25 million
($69$25%)
Therefore Centipede's income tax payable currently, assuming a tax rate of 25% will be $17.25 million
HEY BESTIES ANSWER QUICKLY AND ILL MARK BRAINLIEST
Which statements describe letterheads?
They should have a different design than the business card.
They provide the contact information for a business.
They are seldom needed in small organizations.
Business cards and letterheads should be of similar design.
They have the same information as a business card.
Answers
Answer:
B- They provide the contact information for a business.
E- Business cards and letterheads should be of similar design
Explanation:
A letterhead is the heading found at the top of a paper and it usually includes the name of the organization, the logo and the contact information. The letterheads help to provide a professional image and consistency should be maintain in all the business stationery. According to that, the answer is that the two statements that describe letterheads are: they provide the contact information for a business and business cards and letterheads should be of similar design.
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In Angola in 2004, GNI is much less than GDP. Angola is an oil-exporting country. What is a plausible relationship between these two facts
Answers
Answer:
The GDP includes the value of all the final goods and services produced in a country, while the GNI includes the value of all the final goods and services produced by the citizens of a country, regardless of where they are located.
Angola's GDP is higher than its GNI because many foreign companies must produce oil, and that increases GDP but is not included in the GNI).
In a private enterprise economic system, consumers can choose from a variety of
products as a result of
O inflation.
O limited government control.
competition.
the collection of taxes.
Answers
Answer:
the answer is competition
case study “Nürnberg Augsburg Maschinenwerke (N.A.M)” Contemporary Logistics
Answers
The case study "Nürnberg Augsburg Maschinenwerke (N.A.M)" focuses on the logistics operations of the company. N.A.M is a manufacturing company that produces machine tools and specializes in CNC (Computer Numerical Control) machining centers. The company faces various logistical challenges and seeks to improve its operations to enhance customer satisfaction and profitability.
In this case study, several key topics related to contemporary logistics are explored. Some of these include:
1. Supply chain management: The case study examines how N.A.M manages its supply chain, including the procurement of raw materials, inventory management, and supplier relationships.
It discusses the importance of effective supply chain management in ensuring smooth operations and reducing costs.
2. Distribution network design: The case study delves into the design of N.A.M's distribution network, including the location of warehouses and distribution centers.
It discusses the factors that influence network design decisions, such as customer proximity, transportation costs, and service requirements.
3. Inventory management: The case study explores how N.A.M manages its inventory levels to balance customer demand and production capacity.
It discusses inventory control techniques, such as Just-in-Time (JIT) and Economic Order Quantity (EOQ), and their impact on operational efficiency.
4. Transportation management: The case study highlights the transportation challenges faced by N.A.M, including the need to transport heavy and bulky machine tools to customers.
It discusses strategies for optimizing transportation, such as route planning, load consolidation, and choosing the appropriate mode of transportation.
5. Information systems: The case study emphasizes the importance of information systems in managing N.A.M's logistics operations.
It discusses the role of technology in tracking inventory, optimizing production schedules, and enhancing communication with suppliers and customers.
Overall, the case study provides insights into the complexities of contemporary logistics and the strategies employed by N.A.M to overcome logistical challenges. It showcases the importance of efficient and well-coordinated logistics operations in achieving customer satisfaction and maintaining a competitive edge in the market.
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The following trial balance and the other information relates to Happy Fashion Center at the end of the company’s fiscal year.
Happy Fashion Center TRIAL BALANCE December 31, 2018
Cash
Accounts Receivable
Inventory
Accounts Payable
Supplies
Equipment
Accumulated Depreciation – Equipment Notes Payable
Unearned Rent Revenue
Capital
Retained Earnings
Rent Revenue
Sales Revenue
Sales Returns and Allowances
Cost of Goods Sold
Rent Expense
Salaries and Wages Expense
Debit
$45,250 33,700 45,000
5,500 133,000
46,700 495,400 24,000 140,000 968,550
Credit
$48,500
24,000 51,000 5,000 90,000 8,000 1,550 740,500
968,550
Adjustments:
1. Supplies on hand totaled $1,500.
2. Equipment is being depreciated at 10% per year.
3. Interest of $11,000 is accrued on notes payable at December 31.
4. Accrued Salaries Payable $4,000.
5. Rent related to unearned rent revenue of $3,550 was earned.
Required:
a) Prepare the adjusting entries as of December 31, 2018. (Omit explanations)
b) Prepare an adjusted trial balance
c) Prepare the Income Statement for December 31, 2018
(5 marks) (10 marks) (10 marks)
Answers
a. The preparation of the adjusting entries, without the explanations, is as follows:
Adjusting Journal Entries:
1. Debit Supplies Expenses $4,000
Credit Supplies $4,000
2. Debit Depreciation Expense $13,300
Credit Accumulated Depreciation $13,300
3. Debit Interest Expense $11,000
Credit Interest Payable $11,000
4. Debit Salaries Expense $4,000
Credit Salaries Payable $4,000
5. Debit Unearned rent revenue $3,550
Credit Rent Revenue $3,550
b) The Adjusted Trial Balance is prepared as follows:
Happy Fashion Center
TRIAL BALANCE
As of December 31, 2018
Debit Credit
Cash $45,250
Accounts Receivable 33,700
Inventory 45,000
Accounts Payable $48,500
Interest Payable 11,000
Salaries Payable 4,000
Supplies 1,500
Equipment 133,000
Accumulated Depreciation 37,300
Notes Payable 51,000
Unearned Rent Revenue 1,450
Capital 90,000
Retained Earnings 8,000
Rent Revenue 5,100
Sales Revenue 740,500
Sales Returns and
Allowances 46,700
Cost of Goods Sold 495,400
Rent Expense 24,000
Salaries & Wages 144,000
Supplies expense 4,000
Depreciation Expense 13,300
Interest Expense 11,000
Total $996,850 $996,850
c) The Income Statement is prepared as follows:
Happy Fashion Center
Income Statement
for the year ended December 31, 2018
Sales Revenue 740,500
Sales Returns and
Allowances 46,700 $693,800
Total
Cost of Goods Sold 495,400
Gross profit $198,400
Rent Revenue $5,100
Total income $203,500
Rent Expense 24,000
Salaries & Wages 144,000
Supplies expense 4,000
Depreciation Expense 13,300
Interest Expense 11,000 196,300
Net income $7,200
Data and Calculations:
Happy Fashion Center TRIAL BALANCE December 31, 2018
Debit Credit
Cash $45,250
Accounts Receivable 33,700
Inventory 45,000
Accounts Payable $48,500
Supplies 5,500
Equipment 133,000
Accumulated Depreciation 24,000
Notes Payable 51,000
Unearned Rent Revenue 5,000
Capital 90,000
Retained Earnings 8,000
Rent Revenue 1,550
Sales Revenue 740,500
Sales Returns and Allowances 46,700
Cost of Goods Sold 495,400
Rent Expense 24,000
Salaries & Wages 140,000
Total 968,550 968,550
Adjustments:
1. Supplies Expenses $4,000 Supplies $4,000 Supplies balance = $1,500
2. Depreciation Expense $13,300 Accumulated Depreciation $13,300
3. Interest Expense $11,000 Interest Payable $11,000
4. Salaries Expense $4,000 Salaries Payable $4,000
5. Unearned rent revenue $3,550 Rent Revenue $3,550
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Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with
an apprenticeship in the student's chosen trade to provide hands-on training.
How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
O It leads to less hands-on training and less difficulty finding a job.
O It creates less debt from tuition and the ability to enter the workforce sooner.
O It leads to more hands-on training and more difficulty finding a job.
O It creates more debt from tuition, and trade school takes longer to complete.
Answers
Going to a trade school rather than a university can positively affect the long-term financial goals of an individual by Option B. It creates less debt from tuition and the ability to enter the workforce sooner.
One of the primary advantages of choosing a trade school is the lower cost of tuition compared to a traditional university. Trade schools typically have lower tuition fees, making them more affordable for many students. This translates to less debt burden, allowing individuals to start their careers with a smaller financial obligation.
Additionally, trade school programs are typically shorter in duration, typically taking two years to complete. This means that students can enter the workforce and start earning sooner compared to the longer duration of university programs. By gaining early entry into the workforce, individuals have the opportunity to start earning and saving money earlier, contributing to their long-term financial goals.
Furthermore, trade school programs often emphasize hands-on training and practical skills development. This prepares students directly for their chosen trade and enhances their employability. They gain specific, job-related skills that are in demand, which can make it easier for them to find employment in their field upon completion of the program.
In contrast, attending a university often involves higher tuition costs, longer program durations, and a broader education rather than a focused trade-specific curriculum. While universities provide valuable knowledge and opportunities for certain careers, trade schools offer a more cost-effective and streamlined path for individuals seeking hands-on training and immediate entry into the workforce. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with an apprenticeship in the student's chosen trade to provide hands-on training. How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
A. It leads to less hands-on training and less difficulty finding a job.
B. It creates less debt from tuition and the ability to enter the workforce sooner.
C. It leads to more hands-on training and more difficulty finding a job.
D. It creates more debt from tuition, and trade school takes longer to complete.
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If Ford Motor Company builds a new auto plant in South Africa this is considered to be
Answers
Group of options omitted and they are
a) brownfield investment only
b) brownfield and horizontal investment
c) greenfield and horizontal investment
d) greenfield and vertical investmen
Answer:c) greenfield and horizontal investment
Explanation:
A green-field investment is foreign direct investment whereby a parent company establishes a new subsidiary in a different or foreign country, starting its operations from the scratch, ie building the establishment from ground up and not buying an already existing plant or structure..
By horizontal direct investment , it means that the investor establishes the same type of operation in a different country as it operates in its home country, for example, Ford Motor Company based in the United States building a new auto plant in South Africa.
In a(n) ________, managers and employees from across the firm work to understand the firm's strengths and weaknesses.
Answers
Answer:
HR scorecards
While in Chicago for a weekend, Tony's friend suggests that he eat at Michael Jordan's restaurant. Tony is confused as to why Michael Jordan has a restaurant if he isn't a chef. What is likely Michael Jordan's involvement in his restaurant as he is not a chef?
a. He may have financially invested in it, and he has lent his name to the establishment.
b. He is likely learning to cook from the chefs at his restaurant.
c. He likely manages the kitchen on a daily basis.
d. He likely has no involvement, and the owners just used his name.
Answers
A is the correct awnser
5 eBook Preparing a consolidated income statement For the year ended December 31, 20Y2, the operating results of Paley Corporation and its wholly owned subsidiary, Sims Enterprises, are as follows: Paley Sims Corporation Enterprises Sales Cost of goods sold Gross profit Operating expenses Operating income Interest revenue Interest expense Net income Sales 3,200,000 (1,900,000) 1,300,000 (750,000) 550,000 20,000 Cost of goods sold Gross profit Operating expenses Operating income During 20Y2, Sims Enterprises sold and received payment of $80,000 for merchandise that was purchased by Paley Corporation. The merchandise sold to Paley cost Sims Enterprises $45,000. Paley Corporatio (nonaffiliated) company for $110,000. 570,000 a. Prepare a consolidated income statement for Paley Corporation and Subsidiary. Hint: Eliminate the effect of the intercompany sale. Paley Corporation and Subsidiary Consolidated Income Statement For the Year Ended December 31, 20Y2 Other revenue and expense: Interest revenue Interest expense Net income Print Item Check My Work 900,000 (550,000) 350,000 (125,000) 225,000 (15,000) 210,000 X All work saved. Email Instructor Sav
Answers
The cost of goods sold ($1,900,000 + $45,000) is adjusted by the intercompany sale. the effect of the intercompany sale is eliminated in preparing the consolidated income statement.
Consolidated income statement is used to combine the financial statements of two or more parent company and their subsidiaries into a single financial statement. Therefore, the consolidated income statement for Paley Corporation and its wholly owned subsidiary, Sims Enterprises can be prepared as follows; Paley Corporation and Subsidiary Consolidated Income Statement For the Year Ended
December 31, 20Y2Sales $3,200,000Cost of goods sold ($1,900,000 + $45,000) 1,945,000 Gross profit $1,255,000
Operating expenses ($750,000 - $125,000) 625,000
Operating income $630,000Other revenue and expense:
Interest revenue $20,000Interest expense ($15,000 + $20,000) (35,000)Net income $615,000Note: The cost of goods sold ($1,900,000 + $45,000) is adjusted by the intercompany sale.
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Faruga Company had FUTA taxable payrolls for the four quarters of $38,400; $29,600; $16,500; and $8,900, respectively. What was the amount of Faruga's first required deposit of FUTA taxes?
Answers
The initial $42 FUTA tax deposit that Farrugia was obligated to make.
The Federal Unemployment Tax Act is referred to as FUTA. This law's objective is to tax employers who provide wages to their workers so that they may use the money to help the unemployed.
Use a 0.6% Net FUTA tax rate on the first $7,000 in taxable wages, as stated in the question.
Actually, this is in line with the law, which states that only the first $7,000 of each employer's taxable payroll distribution is taken into account for calculating FUTA.
And here Taxable Payrolls given are -
1st Quarter - $38,400
2nd Quarter - $29,600
3rd Quarter - $16,500
4th Quarter - $8,900
Since the taxable payroll reported in each quarter is greater than $7,000, only the fraction of these payrolls up to $7,000 will be considered to determine FUTA.
Amount of the first deposit in accordance with FUTA
= $7,000 x 0.6% (rate given in question)
= $42
Complete question:
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Faruga Company had FUTA taxable payrolls for the four quarters of $38,400; $29,600; $16,500; and $8,900, respectively. What was the amount of Faruga's first required deposit of FUTA taxes?
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How do answer this question?
Answers
To calculate the Percent change the formula applied as
A. Percent Change = ((New Value - Old Value)/Old Value) x 100
Year 2: ((66-60)/60) x 100 = 10.00%
Year 3: ((72-66)/66) x 100 = 9.09%
Year 4: ((81-72)/72) x 100 = 12.50%
Year 5: ((94-81)/81) x 100 = 16.05%
Year 6: ((160-94)/94) x 100 = 70.21%
Year 7: ((270-160)/160) x 100 = 68.75%
Year 8: ((450-270)/270) x 100 = 66.67%
B. Calculation of percent change for the entire period
Percent Change = ((Final Value - Initial Value)/Initial Value) x 100
((450-60)/60) x 100 = 650.00%
C. Based on the information presented, it is difficult to say whether this is a bubble or not. While there are significant percentage gains during the eight-year period, meanwhile fluctuation is also observed in percent change.
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C. Imagine you Deposit K10, 000 every six months for the next five years at an interest rate of 10% per annum. You would want to know what this value will be at the end of the period.
Required:
i. Using simple interest (5 Marks)
ii. Using compounded interest (5 Marks)
iii. If the deposits were made at the beginning of every six months (5 Marks)
iv. If the deposits were made at the end of every six months (5 Marks
Answers
i) Using simple interest, if the deposits were made at the beginning of every six months, the ending (future value) would be K127,500.
ii) Using simple interest, if the deposits were made at the end of every six months, the ending (future value) would be K122,500.
iii) Using compounded interest, if the deposits were made at the beginning of every six months, the ending (future value) would be K132,067.87.
iv) Using compounded interest, if the deposits were made at the end of every six months, the ending (future value) would be K125,778.93.
What differentiates simple interest from compound interest?The difference between simple interest and compound interest is that simple interest is only based on the principal.
On the other hand, compound interest computes interest on both the principal and accumulated interest.
Simple Interest (Deposits at Beginning):Period Principal Interest Balance
1 K10,000 K500 K10,500 (K10,000 + K500)
2 20,000 1,000 21,500 (K10,500 + K10,000 + K1,000)
3 30,000 1,500 33,000
4 40,000 2,000 45,000
5 50,000 2,500 57,500
6 60,000 3,000 70,500
7 70,000 3,500 84,000
8 80,000 4,000 98,000
9 90,000 4,500 112,500
10 100,000 5,000 127,500
Simple Interest (Deposits at Ending):Period Principal Interest Balance
1 K10,000 K0 K10,000
2 20,000 500 20,500 (K10,000 + K10,000 + K500)
3 30,000 1,000 31,500
4 40,000 1,500 43,000
5 50,000 2,000 55,000
6 60,000 2,500 67,500
7 70,000 3,000 80,500
8 80,000 3,500 94,000
9 90,000 4,000 108,000
10 100,000 4,500 122,500
Compound Interest at Ending:N (# of periods) = 10 (5 x 2)
I/Y (Interest per year) = 10%
PV (Present Value) = K0
PMT (Periodic Payment) = K10,000
Results:
FV = K125,778.93
Sum of all periodic deposits = K100,000 (K10,000 x 2 x 5)
Total Interest = K25,778.93
Compound Interest at Beginning:N (# of periods) = 10 (5 x 2)
I/Y (Interest per year) = 10%
PV (Present Value) = K0
PMT (Periodic Payment) = K10,000
Results:
FV = $132,067.87
Sum of all periodic deposits = K100,000 (K10,000 x 2 x 5)
Total Interest = K32,067.87
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Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
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Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
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in what way does the ordinalist approach to study consumer behaviour represents an improvement over the cardinalist approach
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utility wherein the satisfaction derived by the consumers from the consumption of good or service can be expressed numerically.
A water footprint indicates the quantity of water use when it comes to consumption by way of people.[1] The water footprint of an person, community, or commercial enterprise is defined as the whole quantity of clean water used to provide the products and services fed on by the man or woman or network or produced by the enterprise. Water use is measured in water quantity ate up (evaporated) and/or polluted in step with unit of time. A water footprint may be calculated for any properly-described organization of clients (e.g., an person, own family, village, city, province, state, or kingdom) or manufacturers (e.g., a public enterprise, non-public company, or financial zone), for a single system (along with developing rice) or for any products or services.[2]
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You work for Kolb Aircraft Company. Kolb builds ultralight and experimental airplanes for flying enthusiasts. As a quality assurance manager, you’ve been invited to join a team that studies Federal Aviation Administration (FAA) safety regulations and applies them to the experimental airplanes Kolb sells. At the team’s first meeting, you are asked to prepare a summary report of FAA safety standards. Now, at your second team meeting, you deliver your report to the group. After the presentation, several group members begin discussing the company barbecue they attended last Friday.
Which team behavior does this situation describe?
a)Contributing information and ideas
b)Wasting the group’s time
c)Encouraging members to participate
Answers
Members of the group ought to comment on the presentation when it is finished, but since they are chatting about barbeque, their behaviour is inappropriate.
What conduct is permitted among group members?They include creating a trust-based environment and dynamic, handling conflict, inspiring and motivating commitment, assuring accountability, and achieving successful outcomes.
In order to accomplish goals, collaborate with others. Manage performance in a responsible and equitable way. Constructive criticism is given and received as part of routine daily work. Such comments must to be supported by facts and given in a suitable way. Trust, Conflict, Commitment, Responsibility, and Results are the five behaviours.
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How can a company economically benefit by Producing green products
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Treating the amounts of each material available as constraints, formulate a goal programming model to determine the optimal product mix. Assume that both P1 priority level goals are equally important to management. (Let x1 be the number of tons of fuel additive produced, x2 be the number of tons of solvent base produced, dpi be the deviation variable which exceeds the value of goal i, and dni be the deviation variable which is less than the value of goal i, for i = 1, 2.)
Answers
The goal programming model seeks to maximize the sum of the deviations from the two priority level goals.
What is goal programming model seeks?Goal programming is a type of mathematical optimization technique that is used to optimize a set of goals or objectives. It is especially useful in situations where multiple objectives are present, as it allows a decision maker to optimize the objectives while taking into account the interactions between them.
Goal Programming Model:
Maximize z = 0.5(dP1 + dP2)
Subject to:
x1 + x2 ≤ 100 (amount of material available)
x1 ≥ 10 (amount of fuel additive required)
x2 ≥ 10 (amount of solvent base required)
dP1 ≥ (x1 + 2x2) - 160 (priority level 1 goal; profit)
dP2 ≥ (x1-x2) - 20 (priority level 2 goal; quality)
dN1 ≤ 160 - (x1 + 2x2)
dN2 ≤ 20 - (x1-x2)
x1, x2, dP1, dP2, dN1, dN2 ≥ 0
The goal programming model seeks to maximize the sum of the deviations from the two priority level goals, while satisfying the constraints of the amount of material available.
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A company manufactures basketball hoops. Compute the total amount of conversion costs from the following costs. Cost item a. Metal for rims, $12,000 b. Indirect materials, $5,000 c. Fiberglass backboards, $14,000 d. Insurance on factory, $8,000 e. Assembly worker wages, $20,000 f. Assembly supervisor salary, $9,000 g. Factory utilities, $4,000 h. Nets, $5,000 i. Assembly worker benefits, $6,000
Answers
The computation of the total conversion costs based on the cost items of a manufacturer of basketball hoops is $52,000.
What are conversion costs?The company's conversion costs are made up of the direct labor costs and the total manufacturing overhead costs.
Data and Calculations:
a. Metal for rims, $12,000
b. Indirect materials, $5,000
c. Fiberglass backboards, $14,000
d. Insurance on factory, $8,000
e. Assembly worker wages, $20,000
f. Assembly supervisor salary, $9,000
g. Factory utilities, $4,000
h. Nets, $5,000
i. Assembly worker benefits, $6,000
Manufacturing Overhead costs:b. Indirect materials, $5,000
d. Insurance on factory, $8,000
f. Assembly supervisor salary, $9,000
g. Factory utilities, $4,000
Total overhead costs = $26,000
Direct labor costs:e. Assembly worker wages, $20,000
i. Assembly worker benefits, $6,000
Total direct labor costs = $26,000
Thus, the total conversion costs based on the cost items of a manufacturer of basketball hoops is $52,000.
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how can I draw the circular flow of Income in an open economy?
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The unending flow of goods and services, income, as well as expenditure in an economy is referred to as the circular flow. It depicts the circular redistribution of income between the production unit and households. Land, labour, capital, as well as entrepreneurship are examples of these.
The circular flow of diagram's outer loop depicts the flow of factor services from households to firms, as well as the corresponding flow of payments for factors from firms to households.
The inner loop depicts the flow of goods and services from firms to households, as well as the flow of consumer spending from households to firms. The entire amount of money paid by firms as factor payments is returned to the firms by the factor owners.
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