When a firm focuses on its internal capabilities rather than on the desires and needs of the marketplace, then the firm is said to have adopted the production orientation.
A company that prioritises production frequently uses a mass production model and simplifies this production process for its line of products. This oriented method bases its focus on cutting production costs to satisfy this client base's price requirements on the presumption that customers respect price.
Hence production is the correct word.
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What guarantees that employees receive safety training and information in a language they can understand?
OA. The Fair Labor Standards Act
OB. The Equal Employment Opportunity Commission
OC. The Pillars of Total Safety Culture
D. OSHA regulations
If I have bought 4 books and 2 pens plus tax each (you have to add the tax for each book and pen): $12.99, $12.99, $11.99, $7.99, $3.99, and $5.99. I gave them $60.00. The cashier gave me 32 cents back. Did the cashier give me the right amount of change back?
Answer:
To determine if the cashier gave you the correct amount of change back, we need to calculate the total cost of the books and pens, including tax, and compare it to the amount you paid.
The cost of the books with tax is:
$12.99 + $12.99 + $11.99 + $7.99 = $45.96
The cost of the pens with tax is:
$3.99 + $5.99 = $9.98
The total cost of the books and pens with tax is:
$45.96 + $9.98 = $55.94
You gave the cashier $60.00, and the cashier gave you 32 cents back.
So the amount you received back from the cashier is:
$60.00 - $55.94 = $4.06
The correct change you should have received is $4.06. Since the cashier gave you 32 cents back, it appears that the cashier did not give you the correct amount of change. You should have received $4.06 instead of 32 cents.
Therefore, it seems that the cashier made an error and did not give you the right amount of change back.
In part, comprehensive resource management describes standard mechanisms
In part, comprehensive resource management refers to the use of standard mechanisms and practices to effectively manage and optimize the utilization of resources within an organization.
These mechanisms ensure that resources, including human, financial, and physical assets, are allocated, utilized, and monitored efficiently and effectively. Some of the standard mechanisms involved in comprehensive resource management include:
Resource Planning: Developing a strategic plan for resource allocation based on organizational goals and objectives. This involves forecasting resource needs, identifying potential bottlenecks, and aligning resource allocation with project requirements.
Resource Allocation: Assigning resources to specific projects, tasks, or departments based on their availability, skills, and expertise. This involves balancing resource utilization across different projects or operational areas to ensure optimal productivity and minimize resource conflicts.
Resource Tracking and Monitoring: Implementing systems and tools to track and monitor resource usage, progress, and performance. This enables organizations to identify resource gaps, measure productivity, and make informed decisions to optimize resource allocation and utilization.
Capacity Management: Assessing and managing the capacity of resources to meet current and future demand. This involves analyzing resource capabilities, identifying potential constraints, and planning for scalability to accommodate growth or changes in demand.
Resource Optimization: Continuously improving resource management processes and practices to enhance efficiency and productivity. This may involve implementing automation, streamlining workflows, and leveraging technology solutions to optimize resource allocation and utilization.
Performance Evaluation: Regularly evaluating the performance and impact of resource management efforts. This includes assessing the effectiveness of resource allocation strategies, identifying areas for improvement, and making data-driven decisions to enhance resource utilization and overall organizational performance.
Comprehensive resource management helps organizations maximize the value derived from their resources while minimizing waste, inefficiencies, and conflicts. By implementing standard mechanisms and practices, organizations can enhance operational efficiency, improve project outcomes, and achieve better overall resource utilization, leading to increased productivity and cost-effectiveness.
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Question 32
$24,800 is invested for 3 months in a savings account with a rate of 9% simple interest per year.
Find the interest.
$66,960.00
$5,580.00
$6,6960
$558.00
STEP 3
(5 x 3) (15)
Briefly describe what the profit maximisation rule is and comment about the quantity
at which SEGOA maximises its profit.
Note that the profit maximization rule states that a firm should produce at the quantity where marginal revenue equals marginal cost. Hence, a company like SEGOA will maximize its profit when its marginal revenue equals its marginal cost.
How does profit maximization affect production?Monopoly profit maximization is dependent on PM pricing and profit maximizing amount or level of output. It signifies that increasing the production of items by an additional amount reduces the marginal income. If the business generates a greater amount, MC > MR.
The company optimizes profits (revenues minus expenses) by selecting the most efficient method of production, i.e. the optimal quantity of production elements to use.
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with the picture, above what establishment you think that is famous among the teenagers nowadays? give example and explain your choice
One establishment that is famous among teenagers these days is the Starbucks coffee chain, whose strategy bets on product variety, customer relationships and building a strong brand.
What is organizational strategy?It is the set of actions developed by a company to achieve its objectives and goals in the market, remaining competitive and profitable.
Therefore, Starbucks has a strong appeal to teenagers due to the strategic construction of being a cool and youthful brand, with welcoming stores, ingredients aligned with the target audience and a strong identity focused on social media.
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What are the things that cannot be delegated by a manager?
(1 Point)
Activities coming within the job scope and capabilities of employee
Activities, if done right, would save manager’s time
Resolve morale problems, differences and conflicts in groups/units
Tasks fitting company’s needs and promoting employee development and growth
Answer:
Investor relations. Ensuring your company has a strong relationship with its investors is the responsibility of a leader—particularly if you are the CEO or founde
Company mission, values, vision
Nurturing and recognizing talent
Sales calls.
Crisis management.
Which is correct? I need help please!!
Which 2 reports are among the top 20 memorized reports that convert from QuickBooks Desktop to QuickBooks Online?
The two reports that are among the top 20 memorized reports that convert from QuickBooks Desktop to QuickBooks Online are Profit and Loss and Balance Sheet reports.
The Profit and Loss report, also known as the Income Statement, shows the revenue and expenses of a business over a specified period. It helps in understanding the profitability of a business by highlighting the revenue earned, cost of goods sold, and expenses incurred. Business owners can use this report to identify areas where they can reduce expenses and increase revenue.
On the other hand, the Balance Sheet report shows the financial position of a business at a particular point in time. It presents a snapshot of the assets, liabilities, and equity of a business. It helps in understanding the liquidity of a business and its ability to meet its financial obligations. Investors use this report to evaluate the financial health of a business before making investment decisions.
In summary, the Profit and Loss and Balance Sheet reports are essential reports that every business owner needs to understand to make informed financial decisions. They provide valuable insights into the financial health of a business and help in identifying areas that require improvement.
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WHOEVER ANSWERS NOW I WILL GIVE BRANLIEST!!! And more!! HURRY
Supply and Demand Activity: Student will research consumer demand for a high tech product (smart phone, tablet, etc.) and graph annual sales volume against average price. He/She will explain in the graph’s caption the reason for the price-volume relationship and present findings.
The Title of my Supply and Demand Activity is : Relationship between Annual Sales Volume and Average Price of Smartphones
The Findings are that there was :
Inverse RelationshipPrice ElasticityMarket PenetrationTechnological AdvancementWhat is the Supply and Demand?Graph shows annual sales volume and average price of smartphones over a period, with years on the x-axis and sales and price on the y-axis. The data shows annual sales volume at different prices, with a trend line.
Findings: Inverse relationship between sales volume and price. As prices rise, sales drop; and vice versa. This shows that buyers consider cost when choosing tech items, such as smartphones. Smartphones have price elasticity, meaning consumers will buy more when prices are low and less when prices are high.
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Assignment 8R (15 points) Assignment 8R: Working with Data and Events Instructions Save this file in your course folder, and name it with Assignment, the assignment letter, the section number, and your first initial and last name. For example, Jessie Robinson's assignment 1R for Section 1 would be named Assignment1RJRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress. Review Lesson 4 of the Course Overview for instructions about turning in your assignments. Assignment Questions In Section 8, you learned about spreadsheets, databases, and events. Now, you'll use what you learned to answer the questions below. 1. Describe a job where you would be likely to use spreadsheet software. Explain what you might use it for. (1-3 sentences. 2.5 points) 2. List at least five pieces of information you would want to keep track of if you were creating a customer database for your own company. Complete sentences are not necessary. (2.5 points) 3. Explain why you wouldn't want to use the customer first or last name field as the primary key for a table. What problem could this create? (1-4 sentences. 3.0 points) 4. Describe a report that a company might want to create and run on a regular basis. (1-3 sentences. 3.0 points) 5. List at least two types of internal events that a company could plan in order to improve employee morale. (1-2 sentences. 2.0 points) 6. List at least two types of external events that a company could plan in order to increase sales or publicity. (1-2 sentences. 2.0 points)
A job where spreadsheet software would be likely used is a financial analyst position. It can be used to organize and analyze financial data, and generate reports.
What are the information to be kept in keeping a customer's database?The information are given below:
2. - Customer names
- Contact information (phone number, email address, physical address)
- Purchase history
- Payment details
- Customer preferences or interests
3. Using the customer first or last name field as the primary key for a table might not be ideal because there can be multiple customers with the same name.
4. A company might want to create and run a sales performance report on a regular basis. This report could include information on sales revenue, units sold, top-selling products or services, sales trends, and comparisons to previous periods.
5. Two types of internal events that a company could plan to improve employee morale are team-building activities and recognition programs. Team-building activities such as retreats, sports event foster camaraderie and collaboration among employees. Recognition programs, such as employee of the month awards or appreciation events.
6. Two types of external events that a company could plan to increase sales or publicity are product launches and promotional events. Product launches can create buzz and generate interest among potential customers, attracting attention to new offerings.
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Under which of the following types of leases, must a Lisi pay some of all the landlords property expenses .
Answer:
A net lease is a commercial lease that specifies the lessee pays a proportionate share of the operating expenses of the building. That means they have to pay part of things like maintenance costs, property taxes, and insurance.
Explanation:
Which of the following is reported as a long-term liability on the balance sheet? a. Cash b. Common stock c. Dividends payable d. Bonds payable
Answer:
Bonds payable
Explanation:
Bonds payable are a long-term liability on the balance sheet.
Bonds issued by a firm to raise money are recorded as bonds payable. The business borrows money by issuing bonds. Therefore, the bond's issuance results in an obligation. As a result, bonds payable are listed as a liability on the company's balance sheet.
Bonds payable typically fall under the category of non-current or long-term liabilities, since bonds typically mature in more than one year.
Bonds may be issued at par, at a discount, or at a premium. Their price is determined by the difference between the coupon rate and the market yield at issuance. When a bond is issued, the issuer records the bond's face value as the bonds payable. The positive (negative) difference (if any) is recorded as a premium (discount) on bonds payable once they receive cash for the bond's fair market value.
1. Can you describe any bargaining situation you found yourself in that didn't end up in your favour.
2. Can you explain why you think you ended up loosing the negotiation?
3. If you were to prepare to face a similar bargaining situation in the future what do you think you could do different?
4. Do you think it is still important to consider the national culture of prospective negotiation partners if your are to engage in global negotiations.
This is a set of questions about personal bargaining experiences, reflecting on why a negotiation may not have been successful and considering how to prepare for future negotiations, as well as the importance of considering national culture in global negotiations.
The first two questions ask the individual to describe a personal bargaining situation that didn't end up in their favor and to explain why they believe they lost the negotiation. The third question asks for ideas on how to prepare for future similar situations. The fourth question is about the importance of considering national culture in global negotiations.
These questions are meant to elicit reflections on personal negotiation experiences and provide an opportunity for individuals to consider the factors that influence successful bargaining outcomes. Understanding the importance of cross-cultural communication can be a key factor in achieving favorable negotiation results in global business settings.
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How To Find The Best Luxury Portable Restrooms In Sacrament
Research reliable agencies with tremendous opinions, lots of restroom options, and exact customer support. Ask for referrals and reach out for a quote.
To locate the great luxury transportable restrooms in Sacramento, you can start with the aid of learning from reputable corporations specializing in luxurious transportable restroom rentals. Look for groups with nice purchaser opinions and quite a few restroom alternatives to pick from. Consider factors along with the restroom's length, amenities, and cleanliness.
You also can ask for referrals from pals, a circle of relatives, or event planners who've used luxurious portable restrooms in the past. Once you have got a listing of ability agencies, attain out to them to talk about your desires and obtain a quote.
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a hospital arranges with an hmo to provide hospital care to the hmo's members at a specific rate per member, per month. during june, the hmo paid the hospital $850000, in accordance with the agreement. the hospital's cost accounting records showed that, if it had billed the hmo in accordance with its established billing rates, it would have billed the hmo $975000. prepare the appropriate journal entry (or entries) to record this transaction.
A financial record you can use to keep track of unrecorded transactions is an adjusting journal entry. Accrued costs, accrued income, provisions, and deferred income are a few examples of common adjusting journal entries. The Following are required journal and adjustment entries for HMO revenue.
Record the payment received from the HMO:
Cash 850,000
HMO Revenue 850,000
Cash 125,000
Allowance for Contractual Adjustments 125,000
Adjusting entries are modifications to previously written diary entries. They specifically check that the values you have recorded correspond to the appropriate accounting periods. Journal entries keep track of the flow of money into and out of your firm as well as between various accounts.
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Visit two (2) different companies in Ghana with opposing pay-out policies (where one pays low and the other pays high). Find out from their respective Managements some real-world factors influencing their choice of pay-out policy.
NB: Please visit the companies and do NOT copy from the textbook as this will compel the examiner to mark you down.
The factors can vary greatly depending on the company and the industry they operate in. It's important to note that there are often many complex factors at play when it comes to a company's pay-out policy.
Some factors that could influence a company's pay-out policy include:
Industry norms: companies may follow the pay-out policies of other companies in their industry to remain competitive and attract top talentFinancial performance: a company's financial performance and available cash reserves can impact their ability to pay high salaries or offer generous bonusesOrganizational culture: some companies may prioritize employee satisfaction and morale, leading to higher pay-outs, while others may prioritize cost-cutting measuresBusiness strategy: a company's long-term business strategy, such as plans for expansion or diversification, may impact their pay-out policiesGovernment regulations: laws and regulations surrounding labor and compensation may influence a company's pay-out policiesTo learn more about Managements, here
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Mr. X owns a house property in Mumbai. The details of the property are as follows: The property is let out for residential purposes. The annual rent received from the property is ₹3,00,000. Municipal taxes paid during the year amounted to ₹20,000. The interest on loan taken for the property was ₹1,80,000. Compute the income from house property for Mr. X for the Assessment Year 2022-23.
The computed income from house property for Mr. X for the Assessment Year 2022-23 is -₹84,000.
To compute the income from house property for Mr. X for the Assessment Year 2022-23, we need to calculate the taxable income by considering the following details:
Gross Annual Value (GAV):
The GAV is the higher of the actual rent received or the fair rent of the property. In this case, the annual rent received is ₹3,00,000, so the GAV is ₹3,00,000.
Municipal Taxes:
The municipal taxes paid during the year amount to ₹20,000. This amount is deducted from the GAV to arrive at the Net Annual Value (NAV).
NAV = GAV - Municipal Taxes
NAV = ₹3,00,000 - ₹20,000
NAV = ₹2,80,000
Standard Deduction:
A standard deduction of 30% of the NAV is allowed to cover repair and maintenance expenses, regardless of the actual expenses incurred.
Standard Deduction = 30% of NAV
Standard Deduction = 0.3 * ₹2,80,000
Standard Deduction = ₹84,000
Interest on Loan:
The interest on the loan taken for the property is ₹1,80,000. This amount is deducted separately from the NAV after considering the standard deduction.
Income from House Property = NAV - Standard Deduction - Interest on Loan
Income from House Property = ₹2,80,000 - ₹84,000 - ₹1,80,000
Income from House Property = -₹84,000
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13) You want to determine whether or not your remote team members perceive you as being authentic. What should you do?
A) Ask your team members in a group meeting whether they believe you are being authentic in your interactions with them.
B) Tailor your actions to the values and beliefs you know are held by the majority of your remote team members.
C) View your own actions in the same way that you evaluate whether or not someone else is displaying authenticity.
The correct choice here is C:
View your own actions in the same way that you evaluate whether or not someone else is displaying authenticity.
Asking remote team members directly whether they perceive you as authentic in a group meeting (Choice A) can seem like an insinuation that they may not see you that way, and could damage their trust in you.
Tailoring your actions based on assumptions about the values of your team members (Choice B) may come across as disingenuous rather than authentic.
The most authentic approach is to be self-aware of your own motivations and values, and apply the same criteria for authenticity that you would use in evaluating anyone else. Your team members will perceive the authenticity for themselves much more readily when you are leading with authenticity. Direct questioning or shaping your behavior based on assumptions could undermine that.
So in summary, viewing your own interactions through the same "authenticity lens" that you apply to others is the most authentic approach here. The other options could be seen as manipulative or insincere.
The best option for determining whether or not your remote team members perceive you as being authentic is:
A) Ask your team members in a group meeting whether they believe you are being authentic in your interactions with them.
This option involves directly asking your team members for their feedback on how they perceive you. It allows for an open and honest dialogue where team members can share their perspectives and provide specific examples to support their views. By listening to their feedback and taking it into consideration, you can gain a better understanding of how you are perceived and make any necessary adjustments to your behavior or communication style.
Option B involves tailoring your actions to fit the beliefs and values of your team members, which may come across as inauthentic if it is not genuine. Option C involves self-reflection, which can be helpful, but may not provide an accurate reflection of how others perceive you.
Therefore, option A is the best approach for determining whether or not your remote team members perceive you as being authentic.
The ____________________________ for CQI is its direct impact on quality, usually a net gain to the customer or patient.
The key benefit for Continuous Quality Improvement (CQI) is its direct impact on quality, typically resulting in a net gain for the customer or patient.
CQI is a structured approach to improving processes, systems, and outcomes in various industries, including healthcare. By continuously monitoring and evaluating performance, identifying areas for improvement, and implementing changes, CQI aims to enhance the quality of products or services provided.
CQI focuses on eliminating inefficiencies, reducing errors, enhancing patient safety, and improving overall customer satisfaction. It emphasizes a proactive and data-driven approach, ensuring that quality improvement efforts are evidence-based and measurable. By incorporating feedback, analyzing data, and implementing corrective actions, CQI leads to tangible improvements in the delivery of healthcare services or the production of goods.
Ultimately, the main benefit of CQI is the positive impact it has on the quality of outcomes, resulting in improved experiences, enhanced safety, and better outcomes for customers or patients.
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7). As a newly promoted leader of a remote team, where should your primary focus be?
A) empowering your team to make their own decisions
B) establishing processes the team must follow in making decisions
C) closely monitoring remote team members' performance
Ethics in PR therefore remains an important issue to consider. Discuss any five of the six values in codes of ethics proposed by Taylor and Yang (2014:549).
Six values are outlined in Taylor and Yang's rules of ethics for public relations professionals. Honesty, fairness, responsibility, respect, and transparency are the first five.
Here, we'll talk about five of them:
Honesty: It is expected of PR professionals to communicate with the public in an honest and direct manner. Building partner trust and maintaining the legitimacy of the business and the expert depend on trustworthiness.
Fairness: This value entails treating all partners equally and refraining from showing favoritism or segregation towards any group or individual. Experts should make an effort to be impartial in their communication and decision-making styles.
Responsibility: PR professionals have a duty to behave in the interests of their company and its partners. They should be accountable for the outcomes.
Respect is almost the recognition of the dignity and worth of each partner, regardless of their beliefs or roots. Professionals should speak in a conscientious, chivalrous, and sensitive manner towards social disparities.
Transparency: This value refers to the openness and disclosure of information by public relations professionals. Being direct is essential for developing trust and credibility with partners, and it matters to account for false assumptions and misunderstandings.
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Read the following scenario and answer the question below:
You are a public relations officer working for a local non-profit organisation called "Green Future" that focuses on promoting sustainable practices and environmental awareness in the community. The organisation has just launched a new initiative to encourage people to reduce their plastic waste and switch to reusable alternatives.
3.1. Write a press release to send to various media houses to promote this initiative and raise awareness about the importance of reducing plastic waste. Your press release should be structured according to the press release example provided in ‘Additional Resources/Supplementary Exam. Please note: The address, contact details and content provided in the press release are just an example of what should be included in your press release, and how it should be structured. For your press release you must write in your own, original words.
Also, as this is a hypothetical case study, you may make up your own address and contact details for “Green Future. (20)
FOR IMMEDIATE RELEASE
Green Future Launches Groundbreaking Initiative to Reduce Plastic Waste and Promote Sustainability
[City, Date] – Green Future, a local non-profit organization committed to fostering sustainable practices and raising environmental awareness, is proud to announce the launch of an innovative initiative aimed at reducing plastic waste and encouraging the adoption of reusable alternatives within the community.
Plastic pollution has become a pressing issue globally, posing significant threats to our environment, wildlife, and human health. With this new initiative, Green Future aims to tackle this problem head-on by empowering individuals to make conscious choices that can have a lasting positive impact on the planet.
Under the program, Green Future will engage with local businesses, educational institutions, and community members to promote the importance of reducing plastic waste. The initiative will provide educational resources, organize workshops, and distribute reusable alternatives such as cloth bags, stainless steel water bottles, and bamboo straws.
"We believe that collective action is key to addressing the plastic waste crisis," said [Spokesperson's Name], spokesperson for Green Future. "By raising awareness and offering practical solutions, we hope to inspire individuals to make sustainable choices and contribute to a greener future."
To further amplify the message and encourage widespread participation, Green Future has also partnered with media outlets, influencers, and community leaders who are committed to championing environmental causes.
To learn more about the initiative and how you can get involved, please visit [website URL] or contact Green Future at [contact information].
About Green Future:
Green Future is a non-profit organization dedicated to promoting sustainable practices and environmental awareness. Since its establishment [year], Green Future has been at the forefront of environmental initiatives, collaborating with various stakeholders to drive positive change within our community.
Media Contact:
[Your Name]
[Your Position]
[Phone number]
[Email address]
Green Future
[Address]
[City, State, ZIP]
[Phone number]
[Email address]
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3. Find the amount of tax owed: residential property valued at $162,000.00; assessed at 15%; taxed at $12.00 per hundred
dollars worth of property.
The amount of tax owed for the residential property is $29.16.
How to calculate the amount of tax owed1. Calculating the assessed value of the property by multiplying the property value by the assessment rate (expressed as a decimal):
Assessed value = Property value x Assessment rate
Assessed value = $162,000.00 x 0.15
Assessed value = $24,300.00
2. Calculate the taxable value of the property by dividing the assessed value by 100:
Taxable value = Assessed value / 100
Taxable value = $24,300.00 / 100
Taxable value = $243.00
3. Calculate the amount of tax owed by multiplying the taxable value by the tax rate:
Tax owed = Taxable value x Tax rate
Tax owed = $243.00 x ($12.00 / $100.00)
Tax owed = $29.16
Therefore, the amount of tax owed for the residential property is $29.16.
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If I buy 4 books and 2 pens. 4 books: $14.29, $14.29, $13.29, and $9.29. Pens: $5.29 and $7.29. 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.)
Answer:
To determine if the cashier gave you the correct amount of cash back, we can calculate the total cost of the books and pens and compare it to the amount you paid.
The cost of the books is:
$14.29 + $14.29 + $13.29 + $9.29 = $51.16
The cost of the pens is:
$5.29 + $7.29 = $12.58
The total cost of the books and pens is:
$51.16 + $12.58 = $63.74
You gave the cashier $60.00, and the cashier gave you 32 cents back.
So the amount you received back from the cashier is:
$60.00 - $63.74 = -$3.74
Since you received a negative value, it indicates that you should have received $3.74 back instead of giving more money. Therefore, it appears that the cashier made an error and did not give you the correct amount of cash back.
cleteleteks
Assignment
The following data reflect the production programme items of
2014:
during the year of
ALRIFAL
(i) Beginning inventory for the second production period was estimated to be 120 KGs. The
ending inventory for such period was 100 KGs. The storage lower limit is greater than the
ending inventory of the last production period of the year 2013 by 20 KGs.
(ii) The market's demand for both of the first production period and the last production period of
the year 2014 was estimated to be 300 KGs. The total available production for the first
production period for such year was 420 KGs and the order which comes from the
production department for such period is to produce 400 KGs taking into consideration
that the quantity that had already been produced is only 320 KGs.
(iii) The sum of both of the old and the new production for the third production period of the year
2014 was 600 KGs. The production order to such period was to cover 550 KGs.
(iv) The production that includes the defect amount for the second production period of the year
2014 was estimated to be 450 KGs. The production that had already been defective for both
of such period and the last production period for such year was 50 KGs.
You are required to prepare the production programme of the above case knowing that the annual
R
ALRIFAL
production of
was segmented quarterly and the beginning inventory of both of the first
production period of the year 2015 and the last production period of 2014 was 140KGs. Justify your
answer while showing how the necessary calculations.
To prepare the production program for the given case, we need to calculate the production quantities for each period based on the provided information. Here's how the necessary calculations can be done:
Beginning inventory for the second production period of 2014: 120 KGs
Ending inventory for the second production period of 2014: 100 KGs
Storage lower limit compared to the ending inventory of the last production period of 2013: 20 KGs.The beginning inventory for the second production period of 2014 can be calculated as follows:
Beginning inventory = Ending inventory - Storage lower limit
Beginning inventory = 100 KGs - 20 KGs
Beginning inventory = 80 KGs
First production period of 2014:
Market demand = 300 KGs
Total available production = 420 KGs
Quantity already produced = 320 KGs
Order from the production department = 400 KGs
To meet the production order, the required production for the first period is calculated as follows:
Required production = Order from the production department - Quantity already produced
Required production = 400 KGs - 320 KGs
Required production = 80 KGs
Third production period of 2014:
Sum of old and new production = 600 KGs
Production order = 550 KGs
To meet the production order, the required production for the third period is already sufficient:
Required production = Production order
Required production = 550 KGs
Defective production for the second production period of 2014 and the last production period of 2014: 50 KGs
The actual production for the second period can be calculated by adding the defective amount to the estimated production:
Actual production = Estimated production + Defective production
Actual production = 450 KGs + 50 KGs
Actual production = 500 KGs
Based on these calculations, the production program for the given case is as follows:
First production period (2014): 80 KGs
Second production period (2014): 500 KGs
Third production period (2014): 550 KGs
Last production period (2014): 140 KGs (Beginning inventory for the first production period of 2015 and last production period of 2014)
These production quantities ensure meeting the market demand and accounting for the beginning and ending inventories for each period as specified in the given data.
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Seth Bullock, the owner of Bullock Gold Mining, is evaluating a new gold mine in South Dakota. Dan Dority, the company’s geologist, has just finished his analysis of the mine site. He has estimated that the mine would be productive for eight years, after which the gold would be completely mined. Dan has taken an estimate of the gold deposits to Alma Garrett, the company’s financial officer. Alma has been asked by Seth to perform an analysis of the new mine and present her recommendation on whether the company should open the new mine.
Alma has used the estimates provided by Dan to determine the revenues that could be expected from the mine. She also has projected the expense of opening the mine and the annual operating expenses. If the company opens the mine, it will cost $675 million today, and it will have a cash outflow of $50 million nine years from today in costs associated with closing the mine and reclaiming the area surrounding it. The expected cash flows each year from the mine are shown in the nearby table. Bullock Gold Mining has a 12 percent required return on all of its gold mines.
Year 0 = -675 000 000 Year 1= 90 000 000 Year 2= 135 000 000 Year 3= 204 000 000 Year 4= 235 000 000 Year 5= 210 000 000 Year 6= 164 000 000 Year 7= 108 000 000 Year 8= 86 000 000 Year 9= -50 000 000
A. calculate the payback period, internal rate of return, modified internal rate of return, and the net present value of the proposed mine.
B. Based on your analysis, should the company open the mine?
a)Payback Period ≈ 5.21 year. IRR, which is approximately 15.73%.MIRR ≈ 10.60%.NPV ≈ -32,709,032.36
b)The company's risk tolerance, long-term strategic goals, and market conditions, to make a final decision on whether to open the mine.
A. To calculate the payback period, internal rate of return (IRR), modified internal rate of return (MIRR), and net present value (NPV), we will use the provided cash flows and the required return of 12 percent. Here are the calculations:
Payback Period:
The payback period is the time it takes for the initial investment to be recovered. We sum up the cash flows until they reach or exceed the initial investment.
Year 0: -675,000,000
Year 1: 90,000,000
Year 2: 135,000,000
Year 3: 204,000,000
Year 4: 235,000,000
Year 5: 210,000,000
Year 6: 164,000,000
Year 7: 108,000,000
Year 8: 86,000,000
Year 9: -50,000,000
The payback period occurs between Year 5 and Year 6 when the cumulative cash flows exceed the initial investment. To calculate the exact payback period, we need to interpolate:
Payback Period = Year 5 + (Initial Investment - Cumulative Cash Flow at Year 5) / Cash Flow at Year 6
Payback Period = 5 + (675,000,000 - 874,000,000) / 164,000,000
Payback Period = 5 + (-199,000,000) / 164,000,000
Payback Period ≈ 5.21 years
Internal Rate of Return (IRR):
The IRR is the discount rate that makes the NPV of the cash flows equal to zero. We can use a financial calculator or software to find the IRR, which is approximately 15.73%.
Modified Internal Rate of Return (MIRR):
The MIRR adjusts for the reinvestment rate of the cash flows and is generally considered a more realistic measure. To calculate the MIRR, we need to specify the reinvestment rate. Let's assume a reinvestment rate of 10%.
MIRR = (Future Value of Positive Cash Flows / Present Value of Negative Cash Flows)^(1/Number of Years) - 1
MIRR = ((210,000,000 / (675,000,000 - 50,000,000))^(1/9) - 1) * (1 + 10%)
MIRR ≈ 10.60%
Net Present Value (NPV):
The NPV is the present value of cash inflows minus the present value of cash outflows, discounted at the required return of 12%.
NPV = Sum of [(Cash Flow / (1 + Required Return)^Year)]
NPV = 90,000,000 / (1 + 0.12)^1 + 135,000,000 / (1 + 0.12)^2 + ... + (-50,000,000 / (1 + 0.12)^9) - 675,000,000
NPV ≈ -32,709,032.36
B. Based on the analysis:
The payback period is approximately 5.21 years.
The IRR is approximately 15.73%.
The MIRR is approximately 10.60%.
The NPV is approximately -$32,709,032.36.
Considering the results, the payback period is shorter than the eight-year mine life, indicating a positive outcome. The IRR is higher than the required return of 12%, suggesting the project could be profitable. However, the MIRR is lower than the IRR, which may indicate less favorable reinvestment assumptions. Lastly, the NPV is negative, indicating that the project's present value of cash flows is lower than the initial investment.
Based on these findings, it is recommended to evaluate the results in conjunction with other factors, such as the company's risk tolerance, long-term strategic goals, and market conditions, to make a final decision on whether to open the mine.
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lan works at Acme Industries and is expecting a $300,000 shipment from a company in China, lan contacted Acme's bank and they issued a(n)
the Chinese company may not be paid until the goods have arrived at Acme's warehouse in the United States.
Multiple Choice
notery stamp and seal
international acceptance document
letter of credit
banker's acceptance
***
Answer:
The correct answer is letter of credit.
Explanation: