Answer:
Hi there!!
$159,936
Explanation:
Sales proceeds $475,000
Less: book value
Cost $383,500
Accumulated depreciation $(68,436) $315,064
Gain $159,936
Since Sylvio has maintained its investment for more than a year, the tax law allows reducing the tax on capital gain although the form of calculation of the profit is the same as for common cases.
In this case tax rate drops from 39.6% to 20%.
An organization is changing to a quality assurance program that incorporates a mindset of "quality throughout the process." This is very different from its years of dependence on quality control at the end of the process. This type of change is: a Cultural change. Structural change. Product change. Organizational change
Answer:
a Cultural change.
Explanation:
This type of change can be characterized as a cultural change, due to the fact that there are changes in attitudes and mentality throughout the organizational process.
This is one of the most difficult changes to be implemented in an organization, because changing culture is changing the set of beliefs, values, habits and experiences of an organization. The culture is shared by all the parties that make up an organization, as it is defined as a belief, it is difficult for there to be change, there may be resistance on the part of managers and employees, due to the uncertainty of changing the way of carrying out an activity and its Therefore, it is necessary to have a culture change when the focus is on improving the organization.
When the resistance is broken, it is possible to have a better view of the positioning of the business, which leads to greater innovation and creativity to find solutions that help in organizational success.
This type of change whereby the organization changes to a quality assurance program that affects the production process instead of at the end of the process is A. cultural change.
What is a cultural change?A cultural change involves a change of mindset or attitude.
A cultural change is NOT:
A structural change. This involves a change to systems and structures.A product change. This requires product changes or modifications.An organizational change. This involves an alteration of a major component of its organization.Thus, the type of change involved when the organization changes to a quality assurance program that affects the production process instead of at the end of the process is a cultural change.
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Macroeconomic factors that influence interest rate levels Aa Apart from risk components, several macroeconomic factors-such as Federal Reserve (the Fed) policy, federal budget deficit or surplus, international factors, and levels of business activity influence interest rates. Based on your understanding of the impact of macroeconomic factors, identify which of the following statements are true or false: False True Statements If the Fed injects a huge amount of money into the markets, inflation is expected to decline, O and long-term interest rates are expected to rise. Foreign investments fuel growth in a country. However, this investment is based on factorsO that affect the business environment and increase riskiness, such as macroeconomic policies, political changes, labor issues, tax rates, and regulations. Countries with strong balance sheets and declining budget deficits tend to have lower interest O rates. When the economy is weakening, the Fed is likely to decrease short-term interest rates.
Answer:
All the given statements except first statement are true.
Explanation:
If the Fed injects a huge amount of money into the markets, inflation is expected to decline and long-term interest rates are expected to rise
If the fed injects a huge amount of money into markets, then aggregate demand levels in the future are expected to rise and thereby inflation is also expected to rise not decline. To control the rising inflation, the Fed will increase the interest rates thereby implying an increase in longer term interest rates. Hence, the above statement is false.
Foreign investments fuel growth in a country. However, this investment is based on factors that affect the business environment and increase riskiness, such as macroeconomic policies, political changes, labor issues, tax rates and regulations
If the policies at the government (fiscal) and central bank (monetary) level are supportive of growth considering inflation, pro-business political changes, tax rates are progressive and other regulations support the economic system, then foreign investors would surely be attracted to invest in the country. Vice-versa will be the case if all the above mentioned factors go in another direction and unemployment level is higher. Hence, the above statement is true.
Countries with strong balance sheets and declining budget deficits tend to have lower interest rates
True.
The countries with stronger balance sheets, have lower interest rates as the monetary policy is investment supportive which boosts the GDP.
Declining budget deficits will involve lower deficit financing, which has a direct relation with inflation. Hence lower deficit financing implies lower inflation and lower interest rates thereby.
When the economy is weakening, the Fed is likely to decrease short-term interest rates
True. When the economy is weakening, the Fed would like to follow a monetary easing policy. This implies, it will lower the interest rates to boost investment and growth in the economy. Hence, interest rates are likely to decline in the shorter term thereby due to the weakening economy.
Where there is a lack of good performance measures, it is difficult to motivate managers by using
A. Performance-based incentives
B. Monetary rewards
C. Compensation
D. Rewards for products46. Which of the following is a truestatement regarding performance evaluation?
Answer:
Option "A" is the correct answer.
Performance-based incentive.
Explanation:
Performance-based incentives also include financial and pre-monetary incentives to encourage well being-related actions or accomplishment of performance goals. ... To change those health-related habits, they are transmitted electronically to families or patients.
Participants are involved in incentive programs. Studies have found that incentive programs can boost job interest.Measuring performance accurately is essential for motivating managers using performance-based incentives or monetary rewards.
Explanation:When there is a lack of good performance measures, it becomes difficult to motivate managers using performance-based incentives or monetary rewards. This is because without accurate performance measures, it becomes challenging to assess and reward individual performance effectively.
For example, if incentives are based on team performance without considering individual efforts, employees may be motivated to shirk in their jobs because they can still benefit from the rewards even if others do the work. This is known as the informativeness principle, which suggests that measures reflecting individual employee effort should be incorporated into employee contracts.
Therefore, the correct option is A. Performance-based incentives.
The current asset section of Guardian Consultant's balance sheet consists of cash, accounts recelvable, and prepald expenses. The 2018 balance sheet reported the following: cash, $1,440,000; prepald expenses, $500,000; noncurrent assets, $3,800,000; and shareholders' equity. $3,900,000. The current ratio at the end of the year was 20 and the debt to equity ratio was 1.4.
Required:
Determine the following 2018 amounts and ratios: (Round your "The acid-test ratio" answer to 1 decimal place.)
1. Current liabilities
2. Long-term liabilities
3. Accounts receivable
4. The acid-test ratio
Answer:
a) Current Liabilities $2,780,000
b) Long term liabilities $2,680,000
c) Accounts receivable $3,620,000
d) Therefore Acid Test 1.8
Explanation:
Step 1: Calculate the Current Liabilities
The question requires a work-back based on the information given as follows
Stockholders Equity (A) $3,900,000
Debt Equity Ration 1.4
Total debt therefore ($3,600,000 x 1.4) (B) $5,460,000
Total debt and equity therefore is (A + B ) $9,360,000
($3,900,000 + $5,460,000)
Total Equity and Debt = Total Assets
Total Assets therefore $9,360,000
Therefore Current Assets $5,560,000
(Total debt - Non Current Asset)
($9,360,000 - $3,800,000)
Less: Cash and prepaid expenses ($1,940,000)
($1,440,000 + $500,000)
Accounts receivable $3,620,000
Current Ratio therefore is 2.0 (not 20)
Meaning: Current Liabilities $2,780,000
(Current Assets/ Current ratio)
($5,560,000/2)
Step 2: Calculate Long term Liabilities
Total debt (from step 1) $5,460,000
less; Current Liabilities $2,780,000
Long term liabilities $2,680,000
Step 3: Accounts Receivable
Total Assets $9,360,000
Current Assets $5,560,000
(Total debt - Non Current Asset)
($9,360,000 - $3,800,000)
Less: Cash and prepaid expenses ($1,940,000)
($1,440,000 + $500,000)
Accounts receivable $3,620,000
Step 4: The Acid test ratio
Cash $1,440,000
Accounts Receivable $3,620,000
Quick Asset (Cash + Accounts receivable) $5,060,000
Current Liabilities $2,780,000
Therefore Acid Test 1.8
(Quick Asset / Current liabilities)
(5,060,000/2,780,000) 1.8
Final answer:
This response explains how to calculate current liabilities, long-term liabilities, accounts receivable, and the acid-test ratio based on the information provided in the question.
Explanation:
Current liabilities: To find current liabilities, we use the current ratio formula: Current Ratio = Current Assets / Current Liabilities. Given the current ratio is 20, and we know current assets are $1,940,000, we can calculate current liabilities to be $97,000.
Long-term liabilities: Long-term liabilities can be found by using the debt to equity ratio formula: Debt to Equity Ratio = Total Liabilities / Shareholders' Equity. Shareholders' Equity is given at $3,900,000, and the debt to equity ratio is 1.4, so total liabilities would be $5,460,000.
Accounts receivable: We are given cash, prepaid expenses, and noncurrent assets, so to find accounts receivable, we calculate Total Assets = Current Assets + Noncurrent Assets. Therefore, accounts receivable would be $2,360,000.
The acid-test ratio: The acid-test ratio formula is (Current Assets - Inventory) / Current Liabilities. Since inventory information is not provided, we cannot calculate the exact acid-test ratio without that data.
The market demand curve A. is found by vertically adding the individual demand curves. B. represents the sum of the quantities demanded by all the buyers at each price of the good. C. slopes upward. D. represents the sum of the prices that all the buyers are willing to pay for a given quantity of the good.
Answer:
B. represents the sum of the quantities demanded by all the buyers at each price of the good
Explanation:
The market demand curve is found by horizontally adding the individual demand curves.
The market demand curve slopes downward.
I hope my answer helps you
The market demand curve represents the total quantity demanded by all buyers at each price (option B). It is typically downward sloping, reflecting that lower prices induce greater demand.
The market demand curve can best be defined by statement B. It represents the sum of the quantities demanded by all the buyers at each price of the good. This curve is achieved by horizontally summing all individual demand curves. The market demand curve typically slopes downward, depicting an inverse relationship between price and quantity demanded.
An upward sloping curve is not generally characteristic of demand curves, but rather of supply curves. And the curve doesn't represent the sum of the prices that buyers are willing to pay, rather it represents the quantity of the good that buyers are willing to buy at each price level.
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A statute that imposes a 10-year jail sentence for driving while intoxicated would be best classified as ________________________a. Civil, procedural, and public. b. Criminal, substantive, and public laws. c. Civil, substantive, and private. d. Criminal, procedural, and public. e. Criminal, procedural, and private.
Answer:
a. Civil, procedural, and public.
Explanation:
A statute that imposes a 10-year jail sentence for driving while intoxicated would be best classified as civil, procedural, and public.
explain why an economy in which airlines charge different passangers different prices for the same flight ticket will not achieve echomic efficiency ?
Answer:
Price discrimination is when a producer charges different prices, to different consumers for the same good or service. Therefore, an airline that charges different prices to different passengers for the same flight is practicing a third degree price discrimination because consumers are charged different prices based on their different demand elasticities.
Economic efficiency is when scarce resources are used in the most efficient way to produce maximum output; it consists of productive efficiency and allocative efficiency. For price discrimination to be possible, the firm must have a certain degree of monopoly power; that is, the firm must be a price maker. Monopolies typically fit into this description as they discriminate by charging consumers with an inelastic demand higher prices; this reults in allocative ineffciency because price is greater than the Marginal Cost (P>MC).
On the other hand price discrimination could increase efficiency; price discrimination aims to convert consumer surplus to producer surplus, thereby increasing the profit of the firm. An increase in profits could be dedicated to investement in research and development; this could see such a firm achieve dynamic efficiency (long-run productive efficiency). Secondly, due to the increased profits and the potential for more profits, output is increased and price moves closer to the MC (Closer to allocative efficiency). In addition, an increase output would mean that the firm is making use of its spare/idle capacity in production, moving output towards optimum. From another perspective, a firm can reap economies of scale through price discrimination; this is because price discrimination leads to an increase in output and a reduction in average cost.
Explanation:
Final answer:
An economy where airlines engage in price discrimination by charging different prices for the same flight ticket to different passengers, such as business travelers and tourists, may not achieve economic efficiency due to the distortion of consumer and producer surplus, creation of deadweight loss, and potential for monopolistic control.
Explanation:
An economy in which airlines charge different passengers different prices for the same flight ticket may not achieve economic efficiency due to the distortion of consumer and producer surplus. Airlines often use price discrimination, a strategy where different prices are charged to different groups of customers for the same service. In the case of airlines, this is often seen with business travelers and tourists, who are charged different rates based on their price elasticity of demand. While this strategy may increase airline profits, it can lead to inefficiencies in the market.
For instance, business travelers, who may have inelastic demand due to rigid travel schedules, could be charged higher prices. Conversely, tourists, who often have more flexibility and elastic demand, could be charged lower prices to fill seats. This type of pricing doesn't necessarily reflect the actual cost of providing the service but rather the maximum willingness to pay of different customer segments. While this allows airlines to capture more consumer surplus, it can also create deadweight loss, a market inefficiency where not all potential gains from trade are realized.
This inefficiency arises because the optimal allocation of resources, where price equals marginal cost, is distorted. The high prices for business travelers might reduce the number of those travelers below what would be socially optimal, while the lower prices for tourists might encourage more travel than is cost-effective from a resource allocation perspective. Furthermore, aggressive price discrimination practices, like slashing prices to remove competition, could lead to monopolistic control, further distorting prices and reducing economic efficiency.
An American businessperson who thinks that all Swiss are hardworking, efficient, and neat is demonstrating an example of_____________.
a. ethnocentrism.
b. tolerance.
c. Stereotyping.
Matured Water Services had net income for the month of October of $ 50 comma 880. Assets as of the beginning and end of the month totaled $ 362 comma 000â, and $ 486 comma 000â, respectively. Calculate Matured Waterâ Services' ROA for the month of October.
Answer:
12%
Explanation:
Given that,
Net income = $50,880
Asset at the beginning = 362,000
Asset at the end = 486,000
Average total assets:
= (Asset at the beginning + Asset at the end) ÷ 2
= (362,000 + 486,000) ÷ 2
= $424,000
Therefore,
ROA = Net income ÷ Average total assets
= $50,880 ÷ $424,000
= 0.12 or 12%
Therefore, the Matured Water Services' ROA for the month of October is 12%.
The Return on Assets (ROA) of Matured Water Services for the month of October is 12% after calculating with the given figures of net income and average total assets.
Explanation:The question is asking for the Return on Assets (ROA) of the company Matured Water Services for the month of October. The formula to calculate Return on Assets (ROA) is Net Income divided by Average Total Assets. In this case, the net income is $50,880. The average total assets are calculated as the sum of the beginning and ending total assets divided by 2, which in this case is $(362,000+486,000)/2 = $424,000. Therefore, the ROA is $50,880/$424,000 = 0.12, or 12%
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Suppose at the beginning of the year, a textbook book sells for €60 in Paris, France, and $60 in New York City, and PPP holds. Over the year, there is an inflation rate of 10 percent in France and no inflation in the United States. What exchange rate would maintain PPP at the end of the year?
Answer:
1 USD= 1.1 Euros
Explanation:
As per Purchasing power parity, the exchange rate between two countries is determined by the rate of inflation prevailing in the two countries.
Purchasing power parity is given by the following equation:
[tex]\frac{FR\ (Euro\ /USD)}{SR\ (Euro\ /USD)}[/tex] = [tex]\frac{(1\ +\ Inf\ in\ France)}{(1\ +\ Inf\ in\ USA)}[/tex]
wherein, FR = 1 year forward rate of Euro per USD
SR= Spot rate of today Euro per USD
Inf= Inflation rate
Price of textbook next year in France= Euro 60 × (1 + .10)= Euro 66
Price of a textbbo in USA= $60
spot rate= 1 $= 1 euro i.e 60$ being equal to 60 euros
Forward exchange rate( Euro per dollar)= 1 × [tex]\frac{(1\ +\ .10)}{(1\ +\ 0)}[/tex]
Forward Exchange rate will be 1 USD= 1.1 Euros
Rules of thumb rarely if ever lead to severe errors in the decision making process.a. Trueb. False
Answer:
False
Explanation:
Rule of thumb is generally an important factor in the decision-making process and they are made to mitigate the chances of errors. In decision making, there are various aspects which are involved and every time a decision is made circumstances are different. That is why the rule of thumb doesn't work always. So, the above statement is false, the rule of thumb can lead to severe errors in the decision-making process.
If you deposited $100 now (nequals0)and $200 two years from now (nequals2)in a savings account that pays 10% annual interest, how much would you have at the end of year 10?
Answer:
The correct answer is: "You would have $589 the end of year 10".
Explanation:
The logics of the statement remains in the amount of money remained after 10 years of savings with a 10% annual interest. This means that, after you deposit $100 now (nº 0), on the first current year you would have ended up with $110, although in the second year (nº 2) you would have made a deposit of $200, which means you would have made total earnings of $310, plus the annual interest of $31. After the second year, all subsequent ones wound count on with an annual interest of $31, which means that at end of year 10 you would have reached the amount of $589.
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Sarah is watching a baseball game and accesses the internet to look up stats for one of the players. In terms of integration of media platforms this illustrates:
Answer:
The correct answer is: investigative spider-webbing.
Explanation:
Investigative spider-webbing refers to the practice of using information media to enhance the data that could be collected from a source that is already in use. The secondary information is typically obtained from the internet using laptops, smartphones or tablets to obtain supplementary content on relevant information or to create content that could be immediately seen in the primary device.
Vivian Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects to purchase the following inventory.
April May June
Required purchases (on account) $ 113,000 $ 133,000 $ 145,000
Vivian Booksâs accountant prepared the following schedule of cash payments for inventory purchases. Vivian Booksâs suppliers require that 90 percent of purchases on account be paid in the month of purchase; the remaining10 percent are paid in the month following the month of purchase.
Required
a.
Complete the schedule of cash payments for inventory purchases by filling in the missing amounts.
Schedule of cash payments for inventory
April May June
Payment for current accounts payable $107,350
Payment for previous accounts payable 14,000
Total budgeted payments for inventory $121,350
b.
Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.
Final answer:
The schedule of cash payments for inventory purchases is completed by calculating the payment for current accounts payable and payment for previous accounts payable for each month. The amounts are calculated using the given percentage of 90% for the month of purchase and 10% for the month following the month of purchase.
Explanation:
To complete the schedule of cash payments for inventory purchases, we need to calculate the amount of payment for current accounts payable and payment for previous accounts payable for each month.
For April, 90% of the required purchase of $113,000 is paid in the month of purchase, which is $113,000 * 90% = $101,700. The remaining 10% of the purchase is paid in the month following the month of purchase, which is $113,000 * 10% = $11,300. Therefore, the payment for current accounts payable in April is $101,700 and the payment for previous accounts payable is $11,300.
Following the same calculation, in May, the payment for current accounts payable is $119,700 and the payment for previous accounts payable is $13,300. In June, the payment for current accounts payable is $130,500 and the payment for previous accounts payable is $14,500.
Therefore, the schedule of cash payments for inventory purchases is as follows:
AprilMayJune$101,700$119,700$130,500$11,300$13,300$14,500$113,000$133,000$145,000
a. The schedule of cash payments for inventory purchases is: Month-April: Payment for current accounts payable is $101,700, Payment for previous accounts payable is $11,300.Month-April: Payment for current accounts payable is $119,700, Payment for previous accounts payable is $13,300. Month-June: Payment for current accounts payable is $130,500.Total payment for current accounts payable is $121,350.
b. Vivian Books will report $14,500 of accounts payable on its pro forma balance sheet at the end of the second quarter.
a. Complete the schedule of cash payments for inventory purchases:
Given:
Required purchases (on account):
April: $113,000
May: $133,000
June: $145,000
Vivian Books pays 90% of purchases in the month of purchase and 10% in the following month.
1. Calculate payments for current accounts payable:
April purchases: 90% of $113,000 = $101,700 (paid in April)
May purchases: 90% of $133,000 = $119,700 (paid in May)
June purchases: 90% of $145,000 = $130,500 (paid in June)
So, the payments for current accounts payable are:
April: $101,700
May: $119,700
June: $130,500
2. Calculate payments for previous accounts payable (10% of previous month's purchases):
Payment for previous accounts payable in May: 10% of April purchases = 10% of $113,000 = $11,300
Payment for previous accounts payable in June: 10% of May purchases = 10% of $133,000 = $13,300
So, the payments for previous accounts payable are:
May: $11,300
June: $13,300
3. Total budgeted payments for inventory:
Summing up the payments:
April: $101,700 (current) + $11,300 (previous) = $113,000
May: $119,700 (current) + $13,300 (previous) = $133,000
June: $130,500 (current)
b. Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter:
To determine the accounts payable at the end of June, we need to calculate the total purchases made during June and subtract the payments made in June:
Purchases in June: $145,000
Payments for June (90% of June purchases): $130,500
Accounts payable at the end of June:
[tex]\[ \text{Accounts Payable} = \text{Total purchases in June} - \text{Payments for June} \\\text{Accounts Payable} = \$145,000 - \$130,500 \\\text{Accounts Payable} = \$14,500\][/tex]
When do the OSD comptroller analyst and Office of Management and Budget analyst hold hearings to review the service's budget?
Answer:
Last quarter of every year (October, November or December)
Explanation:
Last quarter of every year (October, November or December)
Emma is the labor union negotiator. Today she is meeting with management to discuss the new five year contract, including wages and benefits. This example of labor-management negotiations over wages exemplifies which type of bargaining?
A) integrative bargaining
B) arbitrationC) distributive bargaining
D) mediation
E) conciliation
Answer:
Letter C is correct. Distributive bargaining.
Explanation:
Distributive negotiation is a win-lose competitive negotiation strategy. That is, a party only wins if another party loses something. The central objective of this strategy is for a party to earn as much as it can.
Therefore, the ideal alternative to the above question is distributive negotiation, which is used to distribute fixed resources, such as money, assets, resources and labor management negotiations such as wages.
Answer:
To which of the following categories do collective bargaining, mediation, and arbitration belong?
Explanation:
Identifying the Parts of the Cost Formula; Calculating Monthly, Quarterly, and Yearly Costs Using a Cost Formula Based on Monthly Data
Gordon Company's controller, Eric Junior, estimated the following formula, based on monthly data, for overhead cost:
Overhead Cost = $150,000 + ($52 x Direct Labor Hours)
Required:
1
2. If next month's budgeted direct labor hours equal 8,000, what is the budgeted overhead cost?
$
3. If next quarter's budgeted direct labor hours equal 23,000, what is the budgeted overhead cost?
$
4. If next year's budgeted direct labor hours equal 99,000, what is the budgeted overhead cost?
$
Answer: attached below
Explanation:
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. Beginning Inventory Ending Inventory Raw material* 58,000 68,000 Finished goods 98,000 68,000 *Three pounds of raw material are needed to produce each unit of finished product. If Paradise Corporation plans to sell 570,000 units during next year, the number of units it would have to manufacture during the year would be:
Final answer:
Paradise Corporation must manufacture 540,000 units during the next fiscal year to satisfy the planned sales and inventory levels, which includes ending inventory and subtracts the beginning inventory from the planned sales.
Explanation:
The question involves Paradise Corporation and their intent to budget for the next fiscal year. To determine the number of units Paradise Corporation must manufacture, we consider the planned sales, and beginning and ending inventories. The calculation to find out the number of units needed for production is:
Planned sales for next year
Plus ending inventory
Minus beginning inventory
The formula applied is as follows: Units to Manufacture = (Planned Sales + Ending Inventory - Beginning Inventory).
Here, we have:
Planned Sales for next year = 570,000 units
Ending Inventory of Finished Goods = 68,000 units
Beginning Inventory of Finished Goods = 98,000 units
Thus, the number of units to be manufactured is:
Units to Manufacture = (570,000 + 68,000 - 98,000) = 540,000 units
Paradise Corporation would have to manufacture 540,000 units during the next year to meet its planned sales and inventory levels.
If I will receive a payment of $121 two years from now and the annual interest rate is 10 percent, the present value of the payment is:
Answer:
$100
Explanation:
The present value of a cash flow can be found by discounting the cash flow at the annual interest rate.
The formula for finding present value can be found in the attached image.
The present value can be calculated using a financial calculator.
Cash flow in year one = 0
Cash flow in year two = $121
Discount rate = 10%
Present value = $100
I hope my answer helps you
Provide responses to the following questions 1. What is the purpose of a staffing management plan? What does it address?
Answer:
Explained below:
Explanation:
A staffing management plan refers to the plan produced to help businesses primarily identify and later procure the workers at all levels and in all departments of the business organization. The purposes of a staffing management plan to :
Classify staffing needs.
Build timelines.
Establish funds considerations.
Devise and implement talent acquisition strategies.
Construct and execute an on boarding schedule.
Identify and design suitable training bodies and methods.
Follow the plan until it reaches effectiveness.
It addresses the requirements of the organization in many ways, depending upon its business model, its structure, and the system in which it finishes projects and reaches deadlines.
Many economists argue that, in the long run, the economy self-corrects and achieves full employment. What is this argument called?
Answer:
Classic Model
Explanation:
Classical economists brought the view of market economy for the most effective solution of economic problems. They advocated that economic problems would be solved spontaneously and within the framework of the possibilities, if the rules of the market economy were followed, and they defined the state as a unit that operates in a limited area and does not interfere with the economy.
Classical economists argued that the economy would automatically stabilize at full employment level under conditions of full competition.
The basis of the classical model is the assumption that the economic units are rational. Consumers try to maximize their benefits, while manufacturers try to maximize their profits. Classical economists argue that the state should not interfere with the economy. Because, according to the classics, the economy will always be fully employed and the general level of prices will always make a certain level of decision. The state does not need to get involved in the economy in order to reach full employment and to get rid of excessive price movements such as inflation and deflation. The "invisible hand" in the economy provides spontaneous full employment and price stability.
The basic assumptions of classical economic theory are as follows;
- Full competition conditions apply in the economy.
- Fees, interest rates and commodity prices are flexible.
- Each supply creates its own demand. (Say's Law)
- In the economy, money is demanded only for trading purposes, money is neutral. Money supply only affects the absolute price level, not relative (relative) prices and the real economy.
The classic model was popular before the Great Depression. It was said the economy was developing freely and that prices and wages were adjusted according to the time-consuming ups and downs. In other words, when times are good, wages and prices are rising rapidly, and when times are bad, wages and prices are set free. The main assumption of this model is that the economy is always in full employment, that is, everyone who wants to work is fully trained and able to work from all sources. Classical economists believe that the economy is self-adjusting, meaning that no one needs help in the event of recession. This is a Classic Model.
When speaking online, you should look into the camera as if you were making eye contact with an audience that is right in front of you.
O True O False
Answer:
Yes the given statement is true.
Explanation:
When we are speaking online, you should look into the camera only to have eye contact.
Now many training sessions are conducted online, many meetings are conducted through video conferencing, etc. So it is essential to look into the camera and speak, because
the camera shows your face to the person in remoteif you look at the monitor and talk, the person who is in remote will see your eyes pointing somewhere elseYou can also take an example of taking selfie, if you look at the screen then when you are looking at your photo, your eyes will look somewhere else and not straight. So the same suit for online conversation too.
Explain the following sentence when thinking about the international data Electra bikes is using to run its business. It is never possible to have all of the information required to make a 100 percent accurate prediction. Multiple Choice A. It is never possible to have all of the information required to make a 100 percent accurate prediction because most of the information an organization collects is protected by customers and suppliers. B. It is never possible to have all of the information required to make a 100 percent accurate prediction because achieving perfect information is almost impossible and extremely costly. C. It is never possible to have all of the information required to make a 100 percent accurate prediction because data warehousing and data mining are outdated technologies that are prone to errors and redundancy. D. All of these are correct.
Answer:
B. It is never possible to have all of the information required to make a 100 percent accurate prediction because achieving perfect information is almost impossible and extremely costly.
Explanation:
No further explanation is needed
The answer explains that it is nearly impossible and very costly to achieve perfect information, causing businesses to make decisions with imperfect information despite the vast amounts of data available.
Explanation:The statement that "It is never possible to have all of the information required to make a 100 percent accurate prediction" pertains to the realm of business decision-making, specifically within the context of using international data to run a business like Electra bikes. The correct answer to the student's multiple-choice question is B: It is never possible to have all of the information required to make a 100 percent accurate prediction because achieving perfect information is almost impossible and extremely costly. This concept is linked to the economic principle of imperfect information, where despite the rapid access to data and information, companies and individuals must still make decisions without having all the possible data at hand, partly due to the cost and practicality constraints in obtaining perfect information.
Electra bikes, like any other business, must grapple with this limitation as they analyze international data streams to make forecasts and business decisions. Choices are made based on the best available data, which may include historical trends, market analysis, and other relevant factors. The inherent uncertainty and the expensive nature of data collection mean completely accurate predictions are not feasible. Imperfect information can relate to the quality, timeliness, and comprehensiveness of data, impacting business strategy and outcomes.
A common feature of skiing is waiting in lift lines.
Does the existence of lift lines mean the price is not working to allocate the scarce resource? If so, what should be done about it?
Answer:
The price should be increased to achieve a balance between supply and demand.
Explanation:
If visitors have to wait long for lift, this suggests that the demand is not matching the supply. In fact demand seems to be higher than supply which causes long wait for lift. An increase in price will cause the demand to fall and hence the supply will meet the demand and would result in less waiting for lifts.
A student borrows $55 comma 700 at 9.6% compounded monthly. Find the monthly payment and total interest paid over a 25 year payment plan.
Answer:
total interest paid I =$ 552,455.77
monthly payment = A/ nt =$2,027.18
Explanation:
compound interest formula is given by
A = P (1 + (r/n))^(nt)
where
A = ? (final amount)
P = $55,700
r = 9.6%
t = (1/12)monthly.
n = 25 year payment plan.
A = $55,700 (1 + (9.6/12))^(25*12)
total amount A = $608,155.77
total interest paid I =$ 552,455.77
initial principal P =$ 55,700
monthly payment = A/ nt = $608,155.77 / 300
=$2,027.18
To find the monthly payment and total interest paid over a 25 year payment plan, use the formula for the monthly payment of a loan. The monthly payment is approximately $454.09 and the total interest paid over the 25 year payment plan is approximately $36,227.
Explanation:To find the monthly payment and total interest paid over a 25 year payment plan, we can use the formula for the monthly payment of a loan. The formula is: Monthly Payment = P * (r(1+r)^n) / ((1+r)^n - 1), where P is the principal amount, r is the monthly interest rate, and n is the number of monthly payments. In this case, P = $55,700, r = 0.096/12 = 0.008, and n = 25*12 = 300. Plugging in these values, we get: Monthly Payment = $55,700 * (0.008(1+0.008)^300) / ((1+0.008)^300 - 1) ≈ $454.09. The total interest paid over the 25 year payment plan can be calculated by subtracting the principal from the total amount paid over the 25 years. Total Interest Paid = (Monthly Payment * n) - P ≈ ($454.09 * 300) - $55,700 ≈ $36,227. The monthly payment is approximately $454.09 and the total interest paid over the 25 year payment plan is approximately $36,227.
Learn more about Loan Payment Calculation here:https://brainly.com/question/30103353
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To what extent do you think Semler would succeed as a leader in other types of organizations
Answer:
to a large extend
Explanation:
Remember Semler's business was a marine-pump business, which he transformed into a multi national business.
He did so by:
democratizing his workplace, which could be done in other types of organisations.changing his own leadership style by giving workers more control. Thus even in other types of organisations positive leadership style changes could be successful.Ricardo Semler's leadership could succeed well in organizations valuing autonomy and innovation but may face challenges in highly regulated or traditional industries requiring stringent compliance and structure. Adaptation to organizational culture and industry context would be crucial for success.
Ricardo Semler's leadership approach, as exemplified by his practices at Semco, has been unconventional yet highly successful within the context of Semco. Evaluating the extent to which he would succeed in other types of organizations involves considering both the strengths and challenges of his leadership style:
Strengths:
1. Empowerment and Trust: Semler's approach emphasizes decentralization, empowerment of employees, and trust in their decision-making abilities. This can foster a more engaged and motivated workforce in any organization where employees desire autonomy and responsibility.
2. Flexibility and Adaptability: His model encourages adaptability to change and responsiveness to market conditions. This is crucial in dynamic industries or sectors where agility and innovation are key to staying competitive.
3. Employee Satisfaction and Retention: By prioritizing employee well-being, work-life balance, and democratic decision-making, Semler has achieved high employee satisfaction and retention rates. This can contribute to organizational stability and productivity in various contexts.
4. Innovation and Creativity: Semler's approach encourages innovation and creativity by challenging traditional hierarchical structures and promoting a culture of questioning and experimentation. This could be beneficial in industries that require continuous innovation.
Challenges:
1. Resistance to Change: Semler's leadership model may face resistance in organizations with deeply ingrained hierarchical structures or rigid corporate cultures. Implementing such radical changes requires strong leadership and gradual adaptation.
2. Risk Management: His decentralized decision-making approach might pose challenges in organizations where risk management and compliance are highly regulated or critical to operations.
3. Scale and Complexity: Scaling Semler's model to larger organizations or those with complex operations may present logistical challenges. Maintaining cohesion and alignment across diverse functions and geographies requires robust systems and processes.
4. Industry Fit: The applicability of Semler's model may vary across industries. For instance, highly specialized or regulated industries may require a more structured approach to ensure compliance and safety.
The complete question is:
Harvard Case study - Ricardo Semler : A revolutionary model of Leadership
To what extent do you think Ricardo would succeed as a leader in other types of organizations? Give Arguments
GoodTimes, Inc. has asset turnover of 0.5 times, a net profit margin of 10% and average total assets of $100, what is its net income (assuming no unusual items)?
Answer:
$5
Explanation:
Given that,
Asset turnover ratio = 0.5 times
Net profit margin = 10 percent
Average total assets = $100
Asset turnover ratio = sales ÷ Total asset
0.5 = sales ÷ $100
sales = $50
Profit margin = Net income ÷ sales
0.10 = Net income ÷ $50
Net income = $5
Therefore, the net income of GoodTimes, Inc. is $5.
To find the net income of GoodTimes, Inc. with a net profit margin of 10%, an asset turnover of 0.5 times, and average total assets of $100, you calculate total revenue by multiplying asset turnover by average total assets, then multiply the result by net profit margin. Net income is $5.
To calculate the net income of GoodTimes, Inc., we can use the formula:
Net Income = Net Profit Margin x Total Revenue
First, we need to find the Total Revenue. This can be done using the asset turnover ratio:
Asset Turnover = Total Revenue / Average Total Assets
Therefore:
Total Revenue = Asset Turnover x Average Total Assets
Total Revenue = 0.5 times x $100
Total Revenue = $50
Now, using the net profit margin, we calculate net income:
Net Income = Net Profit Margin x Total Revenue
Net Income = 10% x $50
Net Income = 0.10 x $50
Net Income = $5
The net income for GoodTimes, Inc. is $5, assuming no unusual items are present.
Social compensation is especially likely when high-ability group members are suspected of loafing.
a. True
b. False
Answer:
The correct answer is letter "B": False.
Explanation:
Social loafing is the act in which employees underperform while given tasks individually compared when working in groups. Under this scenario, it is unlikely employers would provide extra compensation to workers because their productivity does not justify the reward.
a. Attracting large amounts of capital is more difficult for partnerships than for corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity (difficulty buying and selling) of partnership interests
Answer:
The statement is: True.
Explanation:
Partnerships are organizations that share ownership of two or more people. Corporations, on the other hand, are owned by shareholders who decide how and who will run the business. Partnership owners are individually liable, implying that the owners' assets can be taken away in front of the debt.
Debt or legal responsibility in companies is not individual. Liability is only dealt with at the company level. In reality, partnerships require reorganization when one of the partners is quitting or passing away, something that does not happen to corporations. For these factors, the majority of associations find it difficult to raise significant amounts of funds relative to companies.
Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $47,000. Budgeted cash receipts total $131,000 and budgeted cash disbursements total $126,000. The desired ending cash balance is $64,000. To attain its desired ending cash balance for May, the company needs to borrow:
Answer:
$12,000
Explanation:
Beginning cash balance = $47,000
Budgeted cash receipts = $131,000
Budgeted cash disbursements = $126,000
The desired ending cash balance = $64,000
The net movements around the cash opening balances, cash receipts, disbursement and borrowing results in the closing balance by the formula below;
The desired ending cash balance = Beginning cash balance + Budgeted cash receipts + Borrowing - Budgeted cash disbursements
$64,000 = $47,000 + $131,000 + Borrowing - $126,000
Borrowing = $64,000 + $126,000 - $47,000 - $131,000
Borrowing = $12,000
Borrowing required to achieve desired closing balance is $12,000