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There are different reasons why a statement is true. The core competencies of a firm are determined by the interplay of its tangible resources and intangible capabilities is a True statement
What is The Core Competencies of a firm?This is regarded as the combination of of intellectual, personal, and social and emotional proficiencies that everyone in a firm needs so as to be able to be involved in deep, lifelong learning and production efficiency.
The examples of personal core competencies are;
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Magic Realm, Inc., has developed a new fantasy board game. The company sold 45,000 games last year at a selling price of $66 per game. Fixed expenses associated with the game total $810,000 per year, and variable expenses are $46 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor. Required: 1-a. Prepare a contribution format income statement for the game last year. 1-b. Compute the degree of operating leverage. 2. Management is confident that the company can sell 54,900 games next year (an increase of 9,900 games, or 22%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)
Answers
Answer:
Please see below and attached.
Explanation:
1a. Prepare a contribution format income statement for the game last year. The Net operating income is $90,000.
1-b The degree of operating leverage
= $10.
2a. Net operating income increases by 220%
2b. Total expected net operating income is $288,000.
Please find attached detailed breakdown of the answers provided above
The Ridgeview neighborhood has a not-for-profit homeowners association (HOA) that maintains a pool and playground as well as pays for maintenance of land in the neighborhood that is not individually owned. Which of the following activity indexes might the Ridgeview neighborhood association use when developing their budget? O square footage of land in the neighborhood O number of employed individuals in the HOA O number of occupied houses in the HOA O number of individuals living in the neighborhood, including children
Answers
The following activity indexes might the Ridgeview neighborhood association use when developing their budget will be number of individuals living in the neighborhood including children.
The correct option is D
A homeowner association, also known as a homeowner community, is a type of private association that is frequently established either ipso jure in a building with multiple owner-occupancies or by a real estate developer for the purpose of marketing, managing, and selling houses and lots in a residential subdivision.Homeowners associations are intended to manage common or shared land, safeguard owners' property values, offer services to residents, and foster a feeling of community through social events and amenities, according to Community Association Living (a magazine by CAI).To know more about Homeowners here
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When you think about a leader, what words would you use to describe that person?
Answers
Answer: Someone who has the most power
Explanation:
How would these adjusted entries be inputted? Accrued interest on all notes payable for the month of December has been calculated to be $4,650.
Answers
Based on the accrued interest on all notes in December, the adjusted entries to describe this accrual will be:
Date Account title Debit Credit
XX-December Interest expense $4,650
Interest payable $4,650
How to write the adjusting entry for accrued expenses?When expenses are accrued in a period, it means that they have not been paid and will only be paid in another period. As a result, they are a liability to the business.
This liability can be credited to a liability account which in this case is the interest payable account.
To show the transfer from the interest expense account, the aforementioned account will be debited to show that its expenses of interest would be accrued.
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What misconceptions should Juanita correct during her meeting with Bill?
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Misconceptions should Juanita correct during her meeting with Bill are - The misconception that a low stock price indicates a bad investment, The misconception that diversification is unnecessary, The misconception that investing in individual stocks is the only way to invest.
1. The misconception that a low stock price indicates a bad investment: Bill seems to believe that because the company's stock price is low, it must be a bad investment. However, stock price alone does not indicate the quality of an investment. There could be many factors affecting the stock price, such as market conditions or industry trends. Juanita should explain to Bill that it is important to look beyond the stock price and evaluate the company's financials and fundamentals before making an investment decision.
2. The misconception that diversification is unnecessary: Bill seems to believe that investing in only a few companies is sufficient and diversification is unnecessary. However, investing in only a few companies can expose an investor to significant unsystematic risk, which can be mitigated by diversification. Juanita should explain to Bill the benefits of diversification, including reducing risk and potentially increasing returns.
3. The misconception that investing in individual stocks is the only way to invest: Bill seems to believe that investing in individual stocks is the only way to invest. However, there are many other investment options available, such as mutual funds, exchange-traded funds (ETFs), and index funds. Juanita should explain to Bill the different investment options available and help him identify which option is best suited to his investment goals and risk tolerance.
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On average, our representatives enroll one customer every 3 hours, while top performers make one sale per hour. How would you plan your workweek to maximize your earnings?*
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Plan your workweek to maximize your earnings Identify peak sales hours, Set ambitious goals, Allocate more time during high-performance hours, Continuous improvement, Efficient time management, Develop strong customer relationships, and Continuous learning.
To maximize earnings in this scenario, it is important to strategically plan the workweek and focus on increasing the number of customer enrollments. Here is a potential plan to maximize earnings:
1. Identify peak sales hours: Analyze the data and determine the hours or time slots when sales are most likely to occur. This could be based on historical data or observations of customer behavior. Allocate more time during these peak hours to capitalize on potential sales opportunities.
2. Set ambitious goals: Aim to achieve or exceed the performance of top performers by setting ambitious sales goals. This mindset will drive motivation and focus throughout the workweek.
3. Allocate more time during high-performance hours: Dedicate a larger portion of the workweek to the hours when top performers make one sale per hour. By increasing the number of hours during these periods, there is a higher likelihood of securing more customer enrollments.
4. Continuous improvement: Regularly analyze and reflect on sales techniques and strategies. Identify areas for improvement and seek ways to refine your approach. This could involve studying successful sales tactics, attending sales training sessions, or seeking feedback from experienced colleagues or mentors.
5. Efficient time management: Optimize time management skills to ensure productivity during working hours. Eliminate distractions, prioritize tasks, and maintain a focused and organized work environment. This will help maximize the number of customer interactions and increase the chances of securing enrollments.
6. Develop strong customer relationships: Emphasize building rapport and establishing strong connections with potential customers. Focus on active listening, understanding their needs, and providing personalized solutions. By developing trust and fostering positive relationships, the likelihood of successful enrollments can increase.
7. Continuous learning: Stay updated on industry trends, product knowledge, and competitor offerings. This will enable you to effectively address customer inquiries, overcome objections, and provide value-added insights during sales interactions.
By implementing these strategies, planning the workweek to prioritize peak sales hours, setting ambitious goals, improving sales techniques, and managing time efficiently, you can increase the likelihood of maximizing earnings by securing a higher number of customer enrollments.
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Answer:
According to the case, the five kinds of share are directly relevant and can be calculated from the provided information are:
1. Authorized Capital
2. Issued Capital
3. Un-issued Capital
4. Subscribed Capital
5. Called-up Capital
Explanation:
Authorized Capital:
The authorized capital is known as the registered capital of the company, Authorized capital is the maximum amount of share that a company is authorized to issuing share to its shareholders.
In this case, the Alpha limited company registered on 5th January 2023 with the capital of 500,000 which is divided into 25,000 ordinary shares and the value of each share is Rs. 20.
Issued Capital:
The issued share capital of company is monetary value of shares which legally offers by company to its shareholders.
In this case, the Alpha limited company on 20th of January offered for sale to the public from authorized capital. The company put forward 15,000 and the value of each share is 20 Rs. Consequently, the company’s issued capital is 300,000 Rs (15,000 shares x 20 Rs.) .
Un-issued Capital:
The un-issued share capital reflects the part of authorized capital stock that the company has not yet issued to the public.
In this case, the Alpha limited company has not issued his 10,000 shares, and the value of each share is 20 Rs so its total un-issued capital is Rs. 200,000 (10,000 shares x 20 Rs.).
Subscribed Capital:
The subscribed capital is the portion of issued capital for which the public has been subscribed and the company has accepted.
In this case, the Alpha limited company on 23rd January received applications for 14,500 shares from the public which informed by company’s bank, so the subscribed capital is Rs. 290,000 (14,500 shares x 20 Rs.).
Answers
The five kinds of capital that are directly relevant are:
Authorized Capital: Rs. 500,000Issued Capital: Rs. 300,000Un-issued Capital: Rs. 200,000Subscribed Capital: Rs. 290,000Called-up Capital: Rs. 290,000What is a called-up capital?The called-up capital refers to the portion of the subscribed capital that the company has demanded and the shareholders are required to pay.
In this case, the Alpha limited company called up the entire subscribed capital of Rs. 290,000 on 25th January. Therefore, the called-up capital is also Rs. 290,000.
Summarily,
- Authorized Capital: Rs. 500,000
- Issued Capital: Rs. 300,000
- Un-issued Capital: Rs. 200,000
- Subscribed Capital: Rs. 290,000
- Called-up Capital: Rs. 290,000
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Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
Answers
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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Use the information from the balance sheet and income statement below to calculate the following ratios:
a. Current Ratio
b. Acid-test ratio
c. Times interest earned
d. Inventory turnover
e. Total asset turnover
f. Operating profit margin
g. Days in receivables
h. Operating return on assets
i. Debt ratio
j. Fixed asset turnover
k. Return on equity
Balance Sheet ASSETS
Cash $100,000
Accounts receivable 30,000
Inventory 50,000
Prepaid expenses 10,000
Total current assets $190,000
Gross plant and equipment 401,000
Accumulated depreciation (66,000)
Total assets $525,000
LIABILITIES AND OWNERS' EQUITY
Accounts payable $90,000
Accrued liabilities 63,000
Total current liabilities $153,000
Long-term debt 120,000
Common stock 205,000
Retained earnings 47,000
Total liabilities and equity $525,000
Income Statement Sales* $210,000
Cost of goods sold (90,000)
Gross profit $120,000
Selling, general, and
administrative expenses (29,000)
Depreciation expenses (26,000)
Operating profits $65,000
Interest expense (8,000)
Earnings before taxes $57,000
Taxes (11,970)
Net income $45,030
Answers
Answer:
a. Current Ratio = current assets / current liabilities = 190,000 / 153,000 = 1.24
b. Acid-test ratio = (current assets - inventory) / current liabilities = (190,000 - 50,000) / 153,000 = 0.92
c. Times interest earned = EBIT / interest expense = 65,000 / 8,000 = 8.13
d. Inventory turnover = COGS / inventory = 90,000 / 50,000 = 1.8
e. Total asset turnover = net sales / total assets = 210,000 / 525,000 = 0.4
f. Operating profit margin = operating income / total sales = 65,000 / 210,000 = 0.31
g. Days in receivables = (accounts receivables / total sales) x 365 = (30,000 / 210,000) x 365 = 52.14 days
h. Operating return on assets = operating income / total assets = 65,000 / 525,000 = 0.12
i. Debt ratio = total liabilities / total assets = 273,000 / 525,000 = 0.52
j. Fixed asset turnover = total sales / fixed assets = 210,000 / 335,000 = 0.63
k. Return on equity = net income / total equity = 45,030 / 252,000 = 0.18
Give the six steps involved in the decision making process
Answers
Answer:
DECIDE
Explanation:
D - define the problem
E - establish the criteria
C - consider all alternatives
I - identify the best alternative
D - develop and implement a plan of action
E - evaluate and monitor the solution and give feedback when necessary
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Explain the reasons why risk management might increase the value of a corporation?
Answers
Explanation:
Risk management is to increase a firm ’s profitability;
(1) Raise all use of borrowing by them.
(2) Preserve their optimum budget for resources in accordance.
(3) Reduce potential distress-related expenses.
(4) Make use of their comparable liquidity advantages compared to the individual's liquidity capacity.
You want to buy a house within 3 years, and you are currently saving for the down payment.
You plan to save $5000 at the end of the first year, and you anticipate that your annual savings
will increase by 10 % annually thereafter. Your expected annual return is 7%. How much would
you have for a down payment at the end of year 3?
Answers
You would have $17,081.69 for a down payment at the compounded end of year 3.
Assuming that you save at the end of each year and your expected annual return is 7%, your total savings at the end of year 3 can be calculated using the following formula:
A = \(P(1 +\frac{r}{n})^{(n*t)}\)
Where:
A = Total amount after t years
P = Principal amount
r = Annual interest rate
n = Number of times interest is compounded per year
t = Time period in years
Savings at end of year 3 = (Savings at end of year 1 x (1 + 7%)²) + (Savings at end of year 1 x (1 + 10%) x (1 + 7%)) + (Savings at end of year 1 x (1 + 10%)² x (1 + 7%))
Plugging in the numbers, we get:
Savings at end of year 3 = ($5000 x 1.07²) + ($5000 x 1.10 x 1.07) + ($5000 x 1.10² x 1.07) = $17,081.69
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pllzzzzzzzzzzzzzzzzz
Answers
Answer:
liability risk
Explanation:
Answer:
liability risk is right opstion
ABC Inc needs to raise $111 million to expand operations. The CFO plans to sell 15-year zero-coupon bonds to fund the project. Bonds of similar maturity and risk are priced by the market to yield a 4.2% semiannual APR. What total face value of bonds must be sold to raise the cash?
Answers
Answer:
$207.06 million
Explanation:
First and foremost, it should be borne in mind that the price of a zero-coupon bond is the present value of its face value since the bond does not pay any coupons over its tenor as shown thus:
PV of bonds=FV/(1+i)^n
PV of bonds=amount required=$111 million
FV=face value=the unknown
i=semiannual yield = 4.2%/2=2.1%
n=number of semiannual periods in 15 years=15*2=30
$111=FV/(1+2.1%)^30
FV=$111*(1+2.1%)^30
FV=$207.06 million
Ten office hazard in that picture
Answers
Office hazards refer to potential risks and dangers that exist within an office environment, which can pose a threat to the health and safety of employees
Poor ergonomics: Improper workstation setup, uncomfortable chairs, and incorrect positioning of computer equipment can lead to musculoskeletal disorders.
Slips, trips, and falls: Cluttered walkways, loose cables, wet floors, and uneven surfaces can cause accidents.
Electrical hazards: Exposed wiring, overloaded outlets, faulty electrical equipment, and improper use of electrical devices can lead to shocks and fires.
Fire hazards: Blocked fire exits, overcrowded storage areas, flammable materials, and malfunctioning electrical equipment can increase the risk of fires.
Poor ventilation: Inadequate ventilation and air circulation can result in poor air quality, leading to health issues.
Chemical hazards: Improper storage and handling of cleaning agents, solvents, and other chemicals can cause respiratory problems or chemical burns.
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The economic effect of an expense is incurred when the benefit expires or is used up not when cash is paid true or false
Answers
Answer:
false
Explanation:
Explain what should be your attitude after taking the test.
Answers
Which of the following forms of argumentation is not commonly used in aesthetic reasoning?
Analogy
Statistical syllogism
Definition
Answers
In aesthetic reasoning, the form of argumentation that is not commonly used is Option B. Statistical syllogism.
Aesthetic reasoning focuses on the subjective and qualitative aspects of art, beauty, and expression. It involves analyzing and evaluating the aesthetic qualities and experiences associated with a particular artwork, object, or concept. In this context, arguments are often based on personal preferences, individual interpretations, and emotional responses rather than empirical data or statistical evidence.
A. Analogy is a form of argumentation commonly used in aesthetic reasoning. It involves comparing similarities between different objects, experiences, or concepts to support a particular aesthetic judgment or interpretation. By drawing parallels and making connections, analogy helps to explain and communicate aesthetic qualities, associations, or meanings.
C. Definition is another form of argumentation frequently used in aesthetic reasoning. It involves providing clear and precise explanations of key terms, concepts, or aesthetic categories to facilitate understanding and analysis. By defining terms such as beauty, harmony, or expression, individuals can establish a framework for discussing and evaluating aesthetic qualities.
However, statistical syllogism, which relies on statistical data and generalizations, is not commonly used in aesthetic reasoning. Aesthetic judgments are typically subjective and personal, based on individual experiences and perceptions. Statistics and generalizations may not adequately capture the nuances, complexities, and subjective nature of aesthetic experiences.
In summary, while analogy and definition are commonly used in aesthetic reasoning, the statistical syllogism is not typically employed due to the subjective nature of aesthetic judgments. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Which of the following forms of argumentation is not commonly used in aesthetic reasoning?
A. Analogy
B. Statistical syllogism
C. Definition
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15. Assume that Cane’s customers would buy a maximum of 87,000 units of Alpha and 67,000 units of Beta. Also assume that the company’s raw material available for production is limited to 168,000 pounds. If Cane uses its 168,000 pounds of raw materials, up to how much should it be willing to pay per pound for additional raw materials? (Round your answer to 2 decimal places.)
Answers
Cane's should be willing to pay up to $43,890 per pound of raw material if they decide to produce more Beta.
To produce more units than the given production limits, Cane needs to purchase additional raw materials. The maximum price they should pay per pound for additional raw materials depends on which product they choose to produce more of. For Alpha, the contribution margin per pound of raw material is $2, and for Beta, it is $1.33.
Cane's can use up to 6,000 more pounds of raw material for Alpha, so they can pay up to $12,000 for additional raw material. Beta, they can use up to 33,000 more pounds of raw material, so they can pay up to $43,890 for additional raw material.
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. A firm has $5 billion outstanding in long-term bonds. The firm currently has sufficient cash flow to make the scheduled coupon payments but would struggle to make those payments in the future if a substantial weakening of the economy occurs. The most likely rating on these bonds is:
a. B.
b. CCC.
c. AAA.
d. BBB.
Answers
The most likely rating for these bonds would be CCC based on the information supplied. As a result, choice (B) is a correct response.
The most probable rating for these bonds, according on the information given, is CCC. According to the presented scenario, the company might have trouble making future coupon payments if the economy significantly weakens. This implies that the company's financial health and credit standing may be in jeopardy.
Bonds with a CCC rating often have a very high credit risk, meaning there is a high chance they will fail or have payments fall behind schedule. This grade is in line with the described circumstances and expresses worries about the firm's capacity to pay its debts in the future.
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Imagine a situation in which a firm owes its creditors $50,000 but the firm’s assets are only worth $40,000. Equity holders have an incentive to take on very risky projects because if they do nothing, they are certain to be wiped out, while debt holders have incentive to avoid risky projects. Which of the following theories is appropriate to represent this situation?
a. The static tradeoff theory
b. An agency cost
c. A product market model
d. The asymmetric information of debtholders and equity holders
Answers
The theory that represents the given situation is the static trade-off theory.
The following information related to the static-trade off theory is:
The amount of two same firms should be similar also the amount should not be impacted for financing the assets.The amount of the firm should depend on the predicted earnings made in near future. It should arise at a time when no tax should be involved.Therefore we can conclude that The theory that represents the given situation is the static trade-off theory.
Hence, the other options should be wrong.
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In an informative essay, describe the effects of globalization on air pollution in China's largest cities.
Answers
Answer:
sorry I can't do it in informal essay but here's a tip
Choking – and dying – on globalization
China's export-oriented industrial spasm, powered largely by burning coal, has bequeathed it notoriously lethal air pollution, so much so that, according to one study, it contributes to the deaths of 1.6 million people per year (4,400 per day), or 17% of all deaths in the country.
Franchising is typically done by
O cooperatives.
O partnerships.
O LLC
O corporations
Answers
Answer:A
Explanation:
Franchising is typically done by D. corporations.
What is franchising?Franchising is a business arrangement in which franchisees are granted licenses by the franchisors to use their trademarks or business processes in carrying out their businesses.
Franchising can occur with these businesses:
Job franchiseProduct franchiseBusiness format (or process) franchise.Thus, franchising is typically done by D. corporations.
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Which situation is an example of indirect taxation?
OA. Stores charge sales tax on each purchase and give that money to
the government.
OB. Homeowners must pay a percentage of their home's worth to the
government.
OC. Businesses must send a portion of their income each year to the
government.
OD. Every citizen sends the government money to support the armed
forces.
SUBMIT
Answers
Option A is the correct answer. Indirect taxation is the situation where taxes are imposed on products or services and not directly on individuals. Therefore, the example of indirect taxation in the situation given is when stores charge sales tax on each purchase and give that money to the government.
Stores charge sales tax on each purchase and give that money to the government is an example of indirect taxation.Indirect taxation is a method of taxation in which individuals are not taxed directly, but instead, the tax is paid through an intermediary.
The tax is generally imposed on products or services. This tax, which is passed on to the customer as part of the price of the good or service, is then collected by the seller and forwarded to the government.
Sales tax, excise tax, and customs duty are all examples of indirect taxes.
Therefore, Option A is the correct answer.
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The article mentions that Peloton released a new treadmill exercise platform to accompany its stationary bike product. What recommendation would you give to the company to increase sales of both products, especially since they are so expensive?
Answers
Expand the range of exercise classes: Peloton could expand the range of exercise classes offered on their platform to attract a wider range of customers. This could include adding more advanced classes, such as HIIT, yoga, or meditation, as well as classes designed for specific populations, such as seniors, pregnant women, or individuals with disabilities.
Offer trial periods: Peloton could offer a free trial period for potential customers to try out the equipment and classes. This could help to alleviate concerns about the cost of the equipment and encourage customers to make a purchase.
Create targeted marketing campaigns: Peloton could create targeted marketing campaigns to reach specific audiences, such as athletes, fitness enthusiasts, or busy professionals. This could involve partnering with influencers or creating social media campaigns to showcase the benefits of the product to a specific target audience.
Create referral programs: Peloton could create referral programs to incentivize current customers to recommend the product to their friends and family. This could include offering discounts or rewards for successful referrals, which could help to increase brand awareness and drive sales.
Bundle products: Peloton could bundle their products together to offer discounts for customers who purchase both the stationary bike and treadmill. This could help to increase sales of both products and encourage customers to invest in Peloton's ecosystem.
Overall, Peloton could benefit from focusing on creating a more personalized experience for customers, expanding their product offerings, and leveraging targeted marketing campaigns to increase brand awareness and drive sales.
Explain one importance of workforce planning. [3]
Explain one importance of employment contracts to
(i) the employee[3]
(i) the employer [3]
Explain one importance of calculating the labour turnover rate for a business. [3]
Answers
Workforce planning is an important process for any organization as it helps to ensure that the organization has the right people with the right skills, in the right place, at the right time. One importance of workforce planning is that it enables organizations to anticipate and address potential staffing shortages or surpluses. This can help the organization to avoid costly layoffs or recruitment costs, as well as improve employee morale and productivity by ensuring that the workforce is appropriately sized and skilled to meet the organization's needs.
Importance of Employment Contracts:
For the Employee:
An employment contract is important for employees as it sets out the terms and conditions of their employment, including their salary, benefits, working hours, and job responsibilities. This provides employees with clarity and certainty about their employment rights and obligations, which can help to prevent misunderstandings and disputes with their employer.
For the Employer:
An employment contract is important for employers as it helps to protect their business interests by setting out the terms and conditions of employment, including any restrictive covenants or confidentiality clauses. This can help to prevent employees from competing with the business or disclosing confidential information after their employment has ended, which can be detrimental to the business.
Importance of Calculating the Labour Turnover Rate:
Calculating the labour turnover rate is important for businesses as it provides valuable insights into employee retention and recruitment efforts. One importance of calculating the labour turnover rate is that it helps businesses to identify trends and patterns in employee turnover, which can help to identify areas for improvement in the business. For example, if the labour turnover rate is high in a particular department, it may indicate that there are issues with management or working conditions that need to be addressed. By addressing these issues, businesses can improve employee retention, reduce recruitment costs, and improve overall organizational performance.
The Waterfall Buffet is self-service. From 9:00 a.m. to 12:00 p.m. customers arrive at the buffet
at a rate of five per minute; from 12:00 a.m. to 4:00 p.m the gallery is closed; and from 4:00 p.m. to closing at 9:00 p.m., at a rate of six per minute (Poisson distributed). All the customers take about the same amount of time to serve themselves and proceed to the buffet. Once a customer goes through the buffet, it takes an average of 0.4 minute (exponentially distributed) to pay the cashier. The gallery does not want a customer to have to wait longer than one minutes to pay. The gallery plan to set up three cashiers. Will this number be adequate to meet the
waiting policy?
Answers
Three cashiers may not be adequate to meet the waiting policy during peak hours. Galleries may need to hire additional cashiers or take other measures to reduce customer wait times during peak hours.
How did we arrive at this assertion?To gallery whether three cashiers are sufficient to enforce the waiting policy, we need to calculate the estimated wait time for customers at the counter.
Determine the average number of customers per minute at the buffet for each time period.
9:00 AM - 12:00 PM: λ1 = 5 customers/minute
16:00 - 9:00: λ2 = 6 customers/minute
It is closed between 12:00 and 16:00, so no guests. Apply Little's law to determine the average number of customers in the system.
L = λW
where L is the average number of customers in the system, λ is the arrival rate, and W is the average time spent in the system.
Assuming that customers spend the same amount of time at the buffet as at checkout, the average system time can be determined as follows:
W = 2 × 0.4 min = 0.8 min
So the average number of customers in the system is:
L1 = λ1 × W = 5 customers/min × 0.8 min = 4 customers
L2 = λ2 × W = 6 customers/min × 0.8 min = 4.8 customers
The M/M/c queuing model is then used to determine the expected wait time at the cashier. Arrival at Poisson, service time allocated exponentially and three cash (c = 3)
wq = (ρ ^ c / c / c! × (c × λ)) / (1 -ρ)
Here ρ = μ / (C × μ + λ) traffic resistance and μ = 1 / 0.4 minutes = 2.5 consumer / min.
Use the above value and evaluate the waiting waiting time.
ρ1 = λ1 / (c × mμ) = 5 customer / min / min / (cash × consumers / min) = 0.67
ρ2 = λ2 / (c × μ) = 6 client / division / (3 cash cash, × 2.5 consumer / min) = 0.8
Wq1 = (0.67 ^ 3/6 × 3/6 × (3 × 2.5 consumers / minute customer / min) / (1-0.67) = 0.14 minutes
Wq2 = (0.8 ^ 3/6 × (3 × 2.5 consumers / minutes consumers / minutes) / (1-0.8) = 0.64 minutes
We will add the waiting time expected to the cashier to consume the expected time for the customer.
Tq1 = 0.88.8 minutes + 0.14 minutes = 0.94 minutes
Tq2 = 0.8 minutes + 0.64 minutes = 1.44 minutes
According to this calculation, the expected waiting time is 9-12. Less than a minute coincides with atmospheric policy. However, the estimated waiting time for customers is between 16:00 and 21:00. More than 1 minute non-compliance with the waiting policy.
Therefore, 3 cashiers may not be enough to enforce the waiting policy during peak hours.
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Originally attributed to the Greek philosopher Aristotle,______ _____
refers to a concept of living one's life according to a
commitment to the achievement of a clear ideal-what sort of person would I like to become, and how do I go about becoming that person?
Answers
Answer:
Virtue Ethics
Explanation:
Virtue Ethics is a philosophical ideology postulated by Aristotle, to describe the belief that individuals can achieve morality based on living with constant principle of moral values such as honesty, bravery, integrity and many similar attributes.
Hence, VIRTUE ETHICS refers to a concept of living one's life according to a commitment to the achievement of a clear ideal-what sort of person would I like to become, and how do I go about becoming that person? This is according to Aristotle.
Reconciling and Computing Operating Cash Flows from Net Income
Petroni Company reports the following selected results for its current calendar year.
Net income $130,000
Depreciation expense 28,000
Accounts receivable increase 10,000
Accounts payable increase 6,000
Prepaid expenses decrease 3,000
Wages payable decrease 4,000
(a) Prepare the operating section only of Petroni Company's statement of cash flows for the year.
Hint: Remember to use negative signs with answers when appropriate.
Petroni Company
Statement of Cash Flows
(operating section)
Operating activities
Net income $Answer
Adjustments to reconcile net income to operating cash flow
Depreciation Answer
Changes in operating assets and liabilities
Accounts receivable Answer
Prepaid expense Answer
Accounts payable Answer
Wages payable Answer Answer
Net cash provided from operating activities
$Answer
In respect of questions that follow (1) give reasons for your choice (2) Give reasons why other choices are not appropriate
(b) Which of the following statements best describes the sign (positive or negative) on depreciation expense?
The sign on depreciation is positive because depreciation lowers the tax liability of the company. A decrease in tax liability generates an increase in net income since less tax is paid.
The sign on depreciation is positive because the computation of net income included a noncash depreciation expense. The noncash expense is removed by adding depreciation.
The sign on depreciation is negative because expenses are always subtracted from net income in cash flow statements to reflect the true amount of cash generated from operating activities.
The sign on depreciation is negative because cash is paid for equipment used in operations that are not yet reflected in the cost of goods sold. This increase in the cost of goods sold is subtracted from net income.
(c) Which of the following statements best describes the reason that accounts receivable is listed on the statement of cash flows?
An increase in accounts receivable means Sales have also increased. Sales are an increase in cash and contribute a positive cash flow. Therefore, an increase in accounts receivable is listed on the cash flow statement as a positive adjustment to net income.
An increase in accounts receivable means more cash has been received than has been reported in Sales. This surplus is an increase in cash and contributes a positive cash flow. Therefore, an increase in accounts receivable is listed on the cash flow statement as a negative adjustment to net income.
An increase in accounts receivable means less cash has been received than has been reported in Sales. This deficit is a decrease in cash and contributes a negative cash flow. Therefore, an increase in accounts receivable is listed on the cash flow statement as a negative adjustment to net income.
An increase in accounts receivable means Sales have also increased. Sales have increased, but cash has not yet been received. Therefore, an increase in accounts receivable is listed on the cash flow statement as a negative adjustment to net income.
(d) Which of the following statements best describes the reason that prepaid expense is listed on the statement of cash flows?
Since prepaid expense is an asset, a decrease in prepaid expense means assets have decreased causing cash to decrease. This contributes a negative cash flow. Therefore, a decrease in prepaid expense is listed on the cash flow statement as a negative adjustment to net income.
Since prepaid expense is a liability, a decrease in prepaid expense means liabilities have decreased causing cash to increase. This contributes a positive cash flow. Therefore, a decrease in prepaid expense is listed on the cash flow statement as a negative adjustment to net income.
Prepaid expense is an asset because Cash had been paid, but the expense had not yet been realized. A decrease in this asset means an expense has been recognized in the current period, decreasing net income, but not affecting cash. Therefore, decrease in prepaid expense is listed on the cash flow statement as a positive adjustment to net income.
Prepaid expense is a liability because expense has been realized, but Cash has not yet been paid. A decrease in liabilities leads to an increase in Cash and positive cash flow. Therefore, a decrease in prepaid expense is listed on the cash flow statement as a positive adjustment to net income.
Answers
Answer:
Net Income $130,000
Depreciation Expense $28,000
Accounts Receivable -$10,000
Accounts Payable -$6,000
Prepaid Expenses $3,000
Wages Payable $4,000
Cash from Operating Activities $149,000
Explain the definition of Human Resources Management
Answers
Answer:
Human resource management (HRM or HR) is the strategic approach to the effective management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives. Human resource management is primarily concerned with the management of people within organizations, focusing on policies and systems. HR departments are responsible for overseeing employee-benefits design, employee recruitment, training and development, performance appraisal, and reward management, such as managing pay and Employee benefits benefit systems. HR also concerns itself with organizational change and industrial relations, or the balancing of organizational practices with requirements arising from collective bargaining and
Explanation:
The Oppoturnity to employ Workers and to make sure their comfortable