The plans that must be involved are the strategic planning, the mid level, the low level, the operational planning, the top level planning.
Explanation:
In the strategic planning the company's stakeholders will ask them were they want their company to be in five years
The middle level staff will decide to focus in recruiting the new clients and to increase the productivity and they will find the way to give back to the company
Being a low level employee it is necessary that one must interact with the customers and contribute to the company's performance
In the operational planning it will be difficult to manage the customers meet their day to day needs and satisfy them
A meeting will be held with the top level staff and hence they will be coming up with the new tools of the operational planning
The brave new world of artificial intelligence (AI) is beginning to appear in applications for delivering human resource management services. Imagine how Amazon's Alexa for Business device might be used to provide the "human" touch to employees. Alexa has mastered thousands of skills and continues to get smarter every day. Amazon is hoping that companies might put Alexa to work for tasks like booking hotel rooms, scheduling and administering virtual meetings, and doing other duties that can be programmed into an algorithm. IBM is producing a chatbot that is designed to replicate a human voice. The chatbot can be used during employment recruiting, during onboarding and training of employees, and for answering questions in an employee service center. These intelligent assistants may be the next revolution in workplace technology.
These AI/chatbots are becoming more popular due to changing consumer and employee preferences. Millennials and individuals in Generation Z have little patience when making a request; they typically expect a response within 10 minutes. It can be difficult for human workers to respond that quickly with accurate and timely information. AI devices can scour countless company documents and other sources of information to rapidly compile all of the facts needed to response to an inquiry. IBM's Watson computer can quickly identify important information and connect it together to deliver to the person asking the question. Workers who are accustomed to getting this speedy service in their personal lives will soon expect their company's HR department to be just as efficient. So, HR professionals of the future may need to start learning about how this technology can help them serve employees better.
Talent acquisition and onboarding processes can be greatly improved by incorporating AI. Consistency in responding to frequently asked questions about employee benefits and career opportunities can enhance the employee experience. This technology can be especially helpful to workers who operate remotely and rarely interact with HR staff in person. A chatbot created by Loka, called Jane, provides real-time answers to a variety of HR questions. She can easily field questions such as "Is Memorial Day a paid holiday?" or "What is the copay for a generic prescription?" Jane can do much more, however. She can be used to proactively promote benefits and programs that employees are not familiar with. Jane can be designed to reach out to employees to notify them of the current wellness programs, like flu shots or weight loss challenges sponsored by the company. She can also collect information and prepare a report to management showing areas of concern. Perhaps many employees are asking questions about a particular learning and development program. Jane can bring this to the attention of HR leaders so that they can investigate further.
Training professionals may also utilize AI technology. IBM's Jill Watson served as a teaching assistant for online courses. She was available to deal with learner questions 24/7/365. This allowed the learner to move forward with the online course rather than waiting for guidance from a live instructor. While not able to field every question, Jill was successful 40 percent of the time. Thus, trainers could spend their time dealing with more complex issues and working with learners face to face.
Dire predictions are being made about a "robot apocalypse" whereby robots will soon replace human workers and unemployment will skyrocket. Which of the following statements, if true, weakens this prediction?
a. Old jobs will be redundant, and new technology will eliminate the need for new job titles.
b. Companies are introducing inflexible scheduling and rigid employment policies, leading to a high attrition rate.
d. Organizations are constantly looking to reduce skills gaps.
Answer:
i think the answer is a
Explanation:
The statement 'Organizations are constantly looking to reduce skills gaps' weakens the prediction of a 'robot apocalypse' because it highlights the ongoing need for human skills and expertise in the job market. This indicates that although AI will automate certain tasks, many jobs which require human creativity and emotional intelligence will remain.
Explanation:The predictions about a 'robot apocalypse' indicate the fear that robots and artificial intelligence (AI) will replace human workers and cause unemployment to skyrocket. The statement that weakens this prediction, among the provided options, is: 'Organizations are constantly looking to reduce skills gaps.'
This statement weakens the prediction because it implies that human skills and expertise will still be in demand in the job market. Although AI can handle routine and predictable tasks efficiently, there are still many tasks that demand human creativity, critical thinking, communication ability, and emotional intelligence. These tasks are hard to automate completely, hence reducing skills gaps will still be a priority for many organizations.
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If you wish to accumulate $200,000 in a child’s college fund after 18 years, and can invest at a 7.5% annual rate, how much must you invest at the end of each year if the first deposit is made at the end of the first year?
Answer:
$5,605.79
Explanation:
Given that,
Amount of money wish to accumulate in a child’s college fund after 18 years, future value = $200,000
Annual rate of interest, i = 7.5%
Annual payments, t = 18 years
Future value of ordinary annuity = [tex]P(\frac{(1+i)^{t}-1 }{i})[/tex]
[tex]200,000=P(\frac{(1+0.075)^{18}-1 }{0.075})[/tex]
P = $5,605.7915 or $5,605.79 (Approx)
Hence, payments of $5605.79 needs to be made into the account if $200000 needs to be accumulated.
The best new product ideas are based on _____, which serve as the heart of the concept generation process. channel desires manufacturing efficiencies profit goals customer problems
Answer:
customer problems
Explanation:
Customer problems -
The problems of the consumers are the main aspect by which the idea about any new product can be laid down .
As the likes and dislikes for the particular product , makes the product a hit or miss .
As if the consumers like the goods and service s, the production of the product would increase an msd the profit earned by the company will also increase , and vice versa .
Hence , from the given statement of the question,
The correct option is customer problems.
You expect to receive $3,100 upon your graduation and will invest your windfall at an interest rate of .43 percent per quarter until the account is worth $4,750. How many years do you have to wait until you reach your target account value?
(A) 25.02 years
(B) 26.78 years
(C) 21.76 years
(D) 24.86 years
(E) 23.21 years
This is a financial mathematics problem involving the concept of compounding interest. Using the appropriate formula and provided values, we find that the correct answer for the time it would take to reach a target account value of $4,750 with a starting value of $3,100 and an interest rate of 0.43% per quarter is approximately 26.78 years.
Explanation:The problem presented is a common problem in financial mathematics and relates to the concept of compounding interest. To solve this problem, we need to use the compounding interest formula. Here is how it looks: A = P * (1 + r/n)^(nt). In your case:
P = $3,100 (the amount of money you initially invest). A =$4,750 (the amount of money you want to have in the end). r = 0.43% per quarter (the interest rate). n = 4 (how many times the interest is compounded per year). t = ? (the time the money is invested for).
Solving for t, we arrive at t = 26.78 years, so your answer would be (B) 26.78 years.
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If in January 2007, $1 = 110 yen, and in July 2007, $1 = 90 yen, then a Harley Davidson motorcycle that cost $8,000 in January would now cost _______ in yens in Japan in July.
Answer:
The correct answer is: 720,000 yen.
Explanation:
Currency exchange in January:$1 = 110 yen ---> $8,000 = 8,000 x 110
$8,000 = 880,000 yen
Currency exchange in July:$1 = 90 yen ---> $8,000 = 8,000 x 90
$8,000 = 720,000 yen
By how many packs of cigarettes does quantity demanded decrease due to the excise tax on cigarettes?
The quantity demanded of cigarettes decreases due to the excise tax imposed on them.
The extent of this reduction varies depending on the specific tax rate and other market factors. Generally, higher excise taxes lead to greater decreases in demand.
As the tax increases the price of cigarettes, consumers are inclined to cut back on their purchases or seek alternatives. This reduction in demand may lead to a decline in cigarette sales and, in some cases, an increase in illegal trade.
Policymakers must strike a balance between public health objectives and potential revenue implications when determining appropriate tax levels on cigarettes.
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Final answer:
The quantity of cigarettes demanded decreases with an excise tax, especially if the demand is elastic. This effect is greater in youth smoking. Taxes aim to raise revenue and reduce consumption, with their effectiveness depending on the elasticity of demand.
Explanation:
The quantity of cigarettes demanded decreases due to an excise tax as a consequence of the demand's elasticity. If cigarette demand is elastic, the quantity of cigarettes smoked reduces substantially with an increase in taxes. This effect is particularly notable among youth smoking, which is more elastic than adult smoking, meaning the quantity of youth smoking will fall by a greater percentage in response to a given percentage increase in price. Taxes on cigarettes aim to raise tax revenue for the government and discourage cigarette consumption. The effectiveness of these taxes, however, depends on how much they actually reduce cigarette consumption. When the cigarette tax is high enough, even if it reduces the quantity sold, it can still raise significant revenue if the reduced consumption is not too drastic.
A municipal bond carries a coupon rate of 8.00% and is trading at par. What would be the equivalent taxable yield of this bond to a taxpayer in a 40% combined tax bracket? (Round your answer to 2 decimal places.)
Answer:
13.33%
Explanation:
The computation of the equivalent taxable yield is shown below:
Data provided in the question
Coupon rate = 8%
Combined tax bracket = 40%
So, the equivalent taxable yield by using the above information is
= (Coupon rate) ÷ (1 - tax rate)
= 8% ÷ 1 - 0.40
= 8% ÷ 0.60
= 13.33%
Basically we divide the coupon rate by the percentage after considering the tax rate
The equivalent taxable yield for a municipal bond with an 8% yield for an investor in a 40% tax bracket is 13.33%. This is calculated by dividing the bond's yield by (1 - tax rate). The value of tax-exemption rises with the taxpayer's tax bracket.
Explanation:To calculate the equivalent taxable yield of a municipal bond for an investor in a 40% combined tax bracket, you would divide the tax-exempt yield (in this case 8.00%) by 1 minus the tax rate (in this case 0.40). Hence, the equivalent taxable yield would be calculated as 8.00%/(1-0.40)= 13.33%. So, for an investor in a 40% tax bracket, a municipal bond yielding 8% would be equivalent to investing in a taxable bond or investment yielding 13.33%. It is important to note that the value of the tax exemption is more pronounced the higher the taxpayer's marginal tax bracket.
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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product.
Determine the machine's second-year depreciation under the straight-line method.
The machine's second-year depreciation under the straight-line method. is $3,850.
Straight-Line DepreciationAnnual Depreciation Expense = Cost minus - salvage/ Estimated useful life (years)
Annual Depreciation Expense = $43,500 - $5,000 / (10 years)
Annual Depreciation Expense = $38,500/10
Annual Depreciation Expense = $3,850
This, the Year 2 Depreciation is $3,850 and the Year end book value (Year 2) is $35,800.
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To calculate the second-year depreciation of the manufacturing machine using the straight-line method, subtract the salvage value from the cost of the machine, and divide by the useful life. The second-year depreciation would be $3,850.
Explanation:The student is asking about calculating depreciation for a manufacturing machine using the straight-line method. To determine the second-year depreciation, we subtract the salvage value from the cost of the machine, and divide that by the machine's useful life in years. The initial cost of the machine is $43,500, the salvage value is $5,000, and the machine's useful life is estimated to be 10 years. Therefore, the annual depreciation is ($43,500 - $5,000) / 10 = $3,850. This is the machine's second-year depreciation under the straight-line method, which implies that the depreciation expense is the same for each year of the asset's useful life.
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A T-bill quote sheet has 60-day T-bill quotes with a 4.95 ask and a 4.89 bid. If the bill has a $10,000 face value, an investor could sell this bill for _____.
a. $9,918.50
b. $9,919.62
c. $9,917.50
d. $10,000
Answer:The correct answer is a). $9,918.50
Explanation: In selling, the investor will use the bid price of $4.89 alongside the face value of the bill.
That is to say, the face value * (1-(bid price * no. of days)/days in a year) = 10000 * (1-(0.0489*60)/360) = $9,918.50
Answer:
c. $9,917.50
Explanation:
The bid price is the rate at which an investor will buy (4.89). While the ask price is the rate at which the T bill will be sold ($4.95).
In this question we are concerned with the ask price.
To calculate the selling price use the following formula
Yield discount= (face value-price)/face value * (360/maturity)
4.95%= (10,000- price)/10,000 * (360/60)
Cross-multiply
10,000 * 0.0495= (10,000- price) * 6
495/6= 10,000- price
price= 10,000-82.5
Price= $9,917.50
Planning enables organizations to set goals and to formulate operational plans to achieve those goals. This activity is important because, as a manager, you will spend a great deal of time planning.
The goal of this exercise is to challenge your knowledge of the various types of standing plans and single-use plans.
A ____________ encompasses a wide range of activities or projects.
A ____________ designates a specific required action.
A ____________ outlines a set responses to particular circumstances.
A ____________ plan is used for activities that are not likely to be repeated again.
A ____________ has less complexity and scope than a program
A ____________ plan is best for activities that occur over and over again.
A ____________ gives a general idea of how to respond to a designated situation.
The choices are: layout, framework, schedule, mission, program, rule, standing, single-use, policy, project, scheme, procedure
Answer:
Explanation:
Program encompasses a wide range of activities or projects.
A rule designates a specific required action.
A procedures outlines a set responses to particular circumstances.
A single-use plan is used for activities that are not likely to be repeated again.
A project has less complexity and scope than a program
A standing plan is best for activities that occur over and over again.
A policy gives a general idea of how to respond to a designated situation.
Organizational planning involves different types of plans. A program involves many activities or projects and a project is smaller than a program. Rules give specific required actions, procedures provide responses to specific situations, standing plans are for recurring activities, policies are general responses to situations, and single-use plans are for non-recurring activities.
In the context of organizational planning, a program encompasses a wide range of activities or projects. A rule designates a specific required action, ensuring all employees are guided by the same principles. A procedure outlines a set responses to particular circumstances providing a standard way to respond to recurring situations. A single-use plan is used for activities that are not likely to be repeated again. A project has less complexity and scope than a program and is designed to accomplish a specific goal. A standing plan is best for activities that occur over and over again in the organization. Lastly, a policy gives a general idea of how to respond to a designated situation, functioning as a guideline for decision making.Learn more about Organizational Planning here:
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In economics, the demand for a good refers to the amount of the good that people:_________
a. Will buy at alternative income levels
b. Need to achieve a minimum standard of living.
c. Will buy at various prices
d. Would like to have if the good were free
Answer:
c. Will buy at various prices
Explanation:
Demand can be defined as the amount of goods a consumer is willing to buy at various prices. Elasticity is the degree to which prices respond to changes in price.
For a good with elastic demand as price increases demand for that product is reduced, while a decrease in price leads to increased demand.
Answer:
The correct answer is letter "C": Will buy at various prices.
Explanation:
Demand is the economic term for the consumer's combined desires and wishes as they relate to a specific good or service. In general terms, ceteris paribus, as the demand for a good rises, so does the price of that good. Different needs imply different producers available to fulfill the wants that also mean different prices will be set and accepted by consumers.
In 2019, Alliant Corporation acquired Centerpoint Inc. for $352 million, of which $62 million was allocated to goodwill. At the end of 2021, management has provided the following information for a required goodwill impairment test Fair value of Centerpoint Inc Book value of Centerpoint's net assets (excluding goodwill) Book value of Centerpoint's net assets $256 million 228 million (including goodwill) 290 million Required: 1. Determine the amount of the impairment loss. (Negative amount should be indicated by a minus sign. Enter your answer in millions (i.e., 10,000,000 should be entered as 10)). 2. Determine the amount of the impairment loss assuming that the fair value of Centerpoint is $318 million. (Enter your answer in millions (i.e., 10,000,000 should be entered as 10)) million million 1 Impairment loss 2 Impairment loss
Answer:
1. $34 million
2. $0
Explanation:
Given that,
Fair value of Centerpoint Inc = $256 million
Book value of Centerpoint's net assets (excluding goodwill) = $228 million
Book value of Centerpoint's net assets (including goodwill) = 290 million
1. Actual Value of Goodwill:
= Fair Value of Centrepoint Inc. - Book Value of Net assets (excluding goodwill)
= $256 million - 228 million
= $28 million
Loss on Impairment of Goodwill:
= Goodwill recorded - Actual value of goodwill
= $62 million - $28 million
= $34 million
2. In this case Fair value of ($318 million) is more than Book value ($290 million) then there will be no Impairment Loss.
It means that the loss on Impairment of Goodwill = $0.
Final answer:
In this response, we calculate the impairment loss for the acquisition scenario provided, showcasing the impact on goodwill value based on different fair value assessments.
Explanation:
Goodwill Impairment Calculation:
Impairment Loss Calculation: $290 million (book value of net assets) - $256 million (fair value) = $34 millionImpairment Loss Calculation with $318 million fair value: $290 million - $318 million = -$28 millionThe impairment loss is the reduction in the value of goodwill when the fair value of an acquired company is less than the carrying amount of its net assets, including goodwill.
A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:Year Cash Flow0 –$ 34,000 1 15,000 2 17,000 3 13,000 If the required return is 14 percent, what is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal)
The Internal Rate of Return (IRR) is the discount rate which makes the net present value of the project's cash flows equal to zero. It can be found by setting up the NPV equation, making it equal to zero, and solve for IRR using a financial calculator or software. If the calculated IRR is greater than the required return of 14 percent, the firm should consider it as a good investment project.
Explanation:The Internal Rate of Return (IRR) is the discount rate that makes the net present value (NPV) of a project zero. In other words, it's the rate at which the present values of the cash inflows equal the initial investment. We can find it by setting up an equation where NPV equals zero and using a financial calculator or appropriate software to solve for IRR. Here's how to do it:
First, set up the equation for NPV, which is: NPV = -34,000 + 15,000/(1 + IRR) + 17,000/(1 + IRR)^2 + 13,000/(1 + IRR)^3Set this equation equal to zero and solve for IRR using a financial calculator or software: 0 = -34,000 + 15,000/(1 + IRR) + 17,000/(1 + IRR)^2 + 13,000/(1 + IRR)^3Once you get the IRR, convert it to a percentage. This is the IRR for this project.If the IRR is greater than the required return of 14 percent, the project is a good investment. If not, the firm should not invest in the project.
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A comparable property sold one month ago for $400,000. That property has a three-car garage, whereas the subject property you’re preparing to list only has a two-car garage.
What should you do to determine the subject property’s market value?
Final answer:
To estimate the market value of a property with a two-car garage, use a comparative market analysis (CMA) and adjust the sale price of a comparable property with a three-car garage by subtracting the value difference caused by the additional garage space.
Explanation:
To determine the market value of the subject property, you should look for comparable property sales with similar characteristics to the subject property and make adjustments for differences such as the size of the garage. This method is known as the comparative market analysis (CMA). In the case of the property with the three-car garage selling for $400,000, you would subtract the value a three-car garage adds over a two-car garage from the $400,000 to estimate the subject property's value. To accurately assess this value, you should also consider other factors like location, property condition, and market trends. It's also beneficial to look at a range of comparable sales to ensure that your estimate is robust and reflective of the current market.
Grove Corp. purchased equipment at a cost of $260,000 in January, 2012. As of January 1, 2016, depreciation of $88,000 had been recorded on this asset. Depreciation expense for 2016 is $22,000. After the adjustments are recorded and posted at December 31, 2016. What are the balances for the Depreciation Expense and Accumulated Depreciation?
A Depreciation Expense: $ 22,000; Accumulated Depreciation: $110,000
B Depreciation Expense: $ 22,000; Accumulated Depreciation: $ 88,000
C Depreciation Expense: $110,000; Accumulated Depreciation: $110,000
D Depreciation Expense: $110,000; Accumulated Depreciation: $ 88,000
Answer:
A Depreciation Expense: $ 22,000; Accumulated Depreciation: $110,000
Explanation:
Given that
Purchase cost of equipment = $260,000
Depreciation at the beginning of year 2016 = $88,000
Depreciation expense = $22,000
So, the balance would be
Depreciation expense = $22,000
And, the accumulated depreciation is
= Depreciation expense + Depreciation at the beginning of year 2016
= $22,000 + $88,000
= $110,000
Which of the following is not a comprehensive basis of accounting other than generally accepted accounting principles?A. Basis of accounting used by an entity to comply with the financial reporting requirements of a government regulatory agencyB. Cash receipts and disbursements basis of accountingC. Basis of accounting used by an entity to file its income tax returnD. Basis of accounting used by an entity to comply with the financial reporting requirements of a lending institution
Answer:
The correct answer is letter "D": Basis of accounting used by an entity to comply with the financial reporting requirements of a lending institution.
Explanation:
According to the Generally Accepted Accounting Principles (GAAP) income tax accounting, cash basis accounting, modified cash basis of accounting, and basis of accounting to comply with a mandatory governmental authority are valid to prepare financial statements. Any other method is forbidden.
Organizational obligations are the same as personal ethical obligations Group of answer choices True False
Answer:FALSE
Explanation:Organisational obligations are not the same as personal ethical obligations in many ways.
Organisational obligations are obligations which concerns different class and set of persons working together in an organization towards achieving the goals of the organization,organisational obligations are a collection of different personal Ethical obligations which are brought together to achieve the goals of an organization.
Personal ethical obligations are sets of principles, guidelines or norms that guides a person's conduct, it happens on the personal or individual level.
If a firm’s earnings per share grew from $1 to $2 over a 10-year period, the total growth would be 100%, but the annual growth rate would be less than 10%. True or false? Explain.
Answer:
TRUE
Explanation:
as the growth rate follows the law of compounding it will be applied to the increases and then over the icnrease of the increases and so on. Giving a higher grow than 100% if 10 per year is applied:
[tex]Principal \: (1+ r)^{time} = Amount[/tex]
Principal $1.00 earnings
time 10.00 years
growth rate 10% = 10/100 = 0.10000
[tex]1 \: (1+ 0.1)^{10} = Amount[/tex]
Amount 2.59
This will be a grow of 2.59 - 1 = 1.59 = 159% which isn't the 100% percent growth the company actually had
Bond outstanding with a coupon rate of 5.66 percent and semi-annual payments. The bond has a yield to maturity of 6.3 percent, a par value of $2,000, and matures in 16 years. What is the quoted price of the bond?
Answer
Price of bond = 17.96825
Explanation:
Bond price = ∑(C / [tex](1+YTM)^{n}[/tex] )+ P /[tex](1+i)^{n}[/tex]
where
n = no. of years
C = Coupon payments
YTM = interest rate or required yield
P = Par Value of the bond
put values in above equation
price = (5.66%/2) × 2000 × (0.31746) + ( 2000 ÷ 4.595×[tex]10^{18}[/tex])
= 17.96825
On February 18, 2021, Union Corporation purchased 600 IBM bonds as a long-term investment at their face value for a total of $600,000. Union will hold the bonds indefinitely, and may sell them if their price increases sufficiently. On December 31, 2021, and December 31, 2022, the market value of the bonds was $580,000 and $610,000, respectively. Required: 2. & 3. Prepare the adjusting entry for December 31, 2021 and 2022.
Answer:
Adjusting Entry for decrease in Fair Value of $20,000 from $600,000 to $580,000 on December 31, 2021
Dr Unrealized Loss on Investment (Other Comprehensive Income) $20,000
Cr Investment (Fair Value Adjustment) $20,000
Adjusting Entry for increase in Fair Value of $30,000 from $580,000 to $610,000 on December 31, 2022
Dr Investment (Fair Value Adjustment) $30,000
Cr Unrealized Gain on Investment (Other Comprehensive Income) $30,000
Explanation:
This investment will be classified as "Available for Sale" as the anticipated sale date is not within the next 12 months. Available for sale long-term investments are recorded at cost when purchased and subsequently adjusted to reflect their fair values at the end of each reporting period. Unrealized holding gains or losses are kept as "other comprehensive income" until the long-term investment has been sold.
It will not be classified as "Held to Maturity Investment" as Union Corporation does not intends to keep this investment until maturity and may sell them if its price increases sufficiently.
Which of the following was likely one of Disney’s considerations when determining its marketing concept? a. Do our customers want to see junk food advertisements on our channels and Web sites? b. What does Congress think of junk food advertisements? d. How do our television shows and Web sites compare to our competition? 1.
If Disney allowed customers to choose which types of advertising they saw on its Web sites, it would be engaging in: a. realistic pricing. b. co-creation. c. offering products that perform.
Disney customers’ evaluations of the company’s Web sites and television channels in terms of whether those products meet their needs and expectations is called: a. customer gratification. b. customer fulfillment. c. customer satisfaction.
Which of the following describes a Disney customer service representative who has been given the authority to respond to a complaint about junk food advertisement by pulling the advertisement in question and flagging it for review by Disney’s marketing team? a. The employee is empowered. b. The employee is working in a teamwork-oriented environment. c. The employee is operating under a sales orientation.
Who at Disney needs to both be aware of and understand the company’s decision to impose strict junk food advertising rules? a. The CEO only. b. The Marketing Team only. c. Every businessperson at the company
According to the given questions, the answers are presented in the same order as of questions.
What are the marketing determinants of Disney's?Option a is the correct answer.
Disney’s considerations when determining its marketing concept was about to see whether customers want to see junk food advertisements on our channels and Web sites.
What type of advertising should Disney engage in?Option b is the correct answer.
Disney allowed customers to choose co-creation as the type of advertising to be engaged in its Websites.
What were Disney customers’ evaluations?Option c is the correct answer.
Disney customers’ evaluations of the company’s Web sites and television channels in terms of whether those products meet their needs and expectations is called customer satisfaction.
Which describes Disney's customer service?Option a is the correct answer.
Because Disney's employees are empowered, a Disney customer service representative has been given the authority to respond to a complaint about a junk food advertisement by pulling the ad in question and flagging it for review by Disney's marketing team.
Who imposed the rules?Option c is the correct answer.
Every businessperson at Disney needs to be aware of and comprehend the company's decision to adopt rigorous junk food advertising guidelines.
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On December 31, 2021, Interlink Communications issued 6% stated rate bonds with a face amount of $100 million. The bonds mature on December 31, 2051. Interest is payable annually on each December 31, beginning in 2022. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the table values provided.)
Determine the price of the bonds on December 31, 2021, assuming that the market rate of interest for similar bonds was 7%. (Round your final answers to the nearest whole dollar amount.)
Table values are based on:
n =?
i =?
Cash Flow Amount Present value
Interest
Principle
Price of bonds
Final answer:
The price of Interlink Communications bonds is calculated by discounting the annual interest payments and the $100 million principal to their present value using a 7% market rate. Financial formulas and tables are applied to determine this value, which is the sum of all discounted future cash flows.
Explanation:
Calculation of Bond Price
To determine the price of the Interlink Communications bonds issued on December 31, 2021, we need to calculate the present value of the interest payments and the principal payment, discounted at the market rate of interest, which is 7%. The bonds have a face value of $100 million and a stated rate of 6%, with interest payable annually on December 31, starting in 2022, and maturing on December 31, 2051.
The annual interest payment is 6% of $100 million, which is $6 million. Each of these payments, as well as the principal payment of $100 million at maturity, must be discounted to their present value.
Using present value formulas, we can find:
Present Value of Annuity (PVA) for interest payments
Present Value (PV) of a single sum for the face value repayment
The bond's price will be the sum of these two present values. To calculate the present value of an annuity of $6 million for 30 years at a discount rate of 7%, and the present value of $100 million to be received after 30 years at the same rate, we apply formulas and use values from the provided table values.
Once we have the present values, we sum them to find the bond price on December 31, 2021. These calculations would be performed using financial tables or a financial calculator to obtain the nearest whole dollar amount.
Here is a simplified example with a two-year bond to illustrate the concept:
A bond issued for $3,000 at an interest rate of 8% would pay $240 annually in interest. To find its present value at a discount rate of 8%, we discount the two interest payments and the principal repayment. If the discount rate rises to 11%, we apply the higher rate to find a lower present value, reflecting the higher market interest rates.
"For Adams Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $54,000 of factory labor costs are incurred, of which $16,000 is indirect labor. Actual overhead incurred was $30,900. What amount of overhead should be debited to the Work in Process Inventory account?"
Answer:
Overhead of $26,600 should be debited to the Work in Process Inventory account.
Explanation:
Predetermined overhead rate = 70% of direct labor cost
Direct labor cost = Total factory labor cost - Indirect labor cost
Direct labor cost = $54,000 - $16,000 = $38,000
Overhead cost allocated to work in process = $38,000 x 70%
Overhead cost allocated to work in process = $26,600
Overhead of $26,600 should be debited to the Work in Process Inventory account.
Kennedy Company reports the following costs and expenses in May. Factory utilities $ 13,500 Direct labor $79,100 Depreciation on factory Sales salaries 48,400 equipment 12,650 Property taxes on factory Depreciation on delivery trucks 3,800 building 2,500 Indirect factory labor 48,900 Repairs to office equipment 1,300 Indirect materials 70,800 Factory repairs 2,000 Direct materials used 157,600 Advertising 23,000 Factory manager's salary 8,000 Office supplies used 2,640 Instructions From the information, determine the total amount of: (a) Manufacturing overhead. (b) Product costs. (c) Period costs.
Answer:
(a) $158,350
(b) $395,050
(c) $79,140
Explanation:
(a) Manufacturing overhead:
= Factory utilities + Depreciation on factory equipment + Indirect factory labor + Indirect materials + Factory manager's salary + Property taxes on factory building + Factory repairs
= $ 13,500 + $12,650 + 48,900 + 70,800 + 8,000 + 2,500 + 2,000
= $158,350
(b) Product costs:
= Total Manufacturing overhead + Direct material used + Direct labor
= $158,350 + $157,600 + $79,100
= $395,050
(c) Period cost:
= Depreciation on delivery truck + Sales salaries + Repairs to office equipment + Advertising + Office supplies used
= 3,800 + 48,400 + 1,300 + 23,000 + 2,640
= $79,140
The total amount of manufacturing overhead is $139,850. The product costs total $236,700. The period costs amount to $84,140.
Explanation:To determine the total amount of manufacturing overhead, we need to add up all the indirect costs associated with the factory. These include factory utilities, indirect factory labor, indirect materials, depreciation on factory equipment, property taxes on the factory building, and factory repairs. Adding up these costs gives us a total of $139,850.
The product costs include direct labor, direct materials, and manufacturing overhead. So to calculate the product costs, we need to add these three amounts together. Direct labor is $79,100 and direct materials used is $157,600. Adding these two amounts gives us a total of $236,700. Finally, to determine the period costs, we need to sum up all the non-manufacturing expenses, which include sales salaries, advertising, repairs to office equipment, office supplies used, and the factory manager's salary. These costs add up to $84,140.
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Suppose you invested $60 in the Ishares Dividend Stock Fund (DVY). It paid a dividend of $0.70 today and then you sold it for $65. What was your return on the investment? A) 8.25% B) 9.00% C) 9.50% D) 9.75%
Answer:
C) 9.50%
Explanation:
Given that
The sale price of a share = $65
Purchase price of share = $60
And, the dividend received = $0.70
So, The formula and the computation of the return on investment is shown below:
Return on investment = (Sale price of a share - purchase price of share + dividend received) ÷ (Investment price) × 100
= ($65 - $60 + $0.70) ÷ ($60) × 100
= ($5.70) ÷ ($60) × 100
= 9.50%
Barnes Company reports the following operating results for the month of August: sales $300,000 (units 5,000); variable costs $222,000; and fixed costs $71,900. Management is considering the following independent courses of action to increase net income. Compute the net income to be earned under each alternative.
1. Increase selling price by 10% with no change in total variable costs or sales volume. What's the Net income?
2. Reduce variable costs to 60% of sales. Whats the Net income?
3. Reduce fixed costs by $19,000. Whats's the Net income?
Which course of action will produce the highest net income?
Answer:
Option 2 ( Net Income 48100)
Explanation:
The current Net income is,
Sales - Variable Cost - Fixed Cost = Net Income
300000 - 222000 - 71900 = 6100While the Selling Price is 300000 / 5000 = 60 / unit1. If option one is implemented,
New Selling Price = 60 * 1.1 = 66 / UnitSales Revenue = 66 * 5000 = 330000Net Income = 330000 - 222000 - 71900 = 361002. New Variable Cost = 60 % of Sales = 300000 * 0.6 = 180000
Net Income = 300000 - 180000 - 71900 = 481003. New Fixed Cost will be = 71900 - 19000 = 52900
Net Income = 300000 - 52900 - 222000 = 25100Final answer:
To find the highest net income for Barnes Company, the computations show that reducing variable costs to 60% of sales will result in the highest net income of $48,100.
Explanation:
To calculate the net income under each alternative for the Barnes Company, we will first identify the current net income and then apply each change proposed by management.
Current net income is computed as follows:
Sales ($300,000) - Variable Costs ($222,000) - Fixed Costs ($71,900) = Net Income ($6,100).
The course of action to reduce variable costs to 60% of sales will produce the highest net income of $48,100.
What rate of interest with continuous compounding is equivalent to 8% per annum with monthly compounding?
Answer:
8.30% is the rate of interest with continuous compounding is equivalent to 8% per annum with monthly compounding
Explanation:
Per annual rate = r = 8% = 0.08
Numer of compounding = m
Compounding Interest rate = ( ( 1 + r / m )^m ) - 1
Compounding Interest rate = ( ( 1 + 0.08 / 12 )^12 ) - 1
Compounding Interest rate = 0.0829995
Compounding Interest rate = 0.083
Compounding Interest rate = 8.30%
So, 8.30% is the rate of interest with continuous compounding is equivalent to 8% per annum with monthly compounding.
An insurer sells a very large number of policies to people with the following loss distribution: $100,000 with probability 0.005 $ 60,000 with probability 0.010 Loss = $ 20,000 with probability 0.020 $10,000 with probability 0.05 $0 with probability 0.915 a. Calculate the expected claim cost per policy b. Assume claims are paid one year after premiums are received and that the in terest rate is 6 percent. Calculate the dis- counted expected claim cost per policy c. Assume that the only administrative cost is the cost of processing an application, which equals $100 per policy, and that the fair profit loading is $50. What is the fair premium?
Answer:
a) $2000
b) $1,886.7925
C) $2,036.7925
Explanation:
First, the question states to determine the expected claim cost per policy
Expected Claim Cost represents the fund required to be paid by an insurer for a particular contract or a group of contracts as the case maybe. This is usually based on the policy taken.
A) Expected Claim Cost per policy
= (Policy Loss Value A x its probability) + (Policy Loss Value B x its probability) + (Policy Loss Value C x its probability)+(Policy Loss Value D x its probability)+ (Policy Loss Value E x its probability)
= ( (100000 x 0.005 )+ (60000 x 0.010) + (20000 x 0.02) + (10000 x 0.05) + 0 = $2000
Part B: discounted expected claim cost per policy
Since, the sum of $2000 is expected to be paid by the insurer by the end of the year, the interest to be earned based on the rate (discounting used)
=$2,000 ÷ (1 + 0.06)
= $1,886.7925
Part C:: Determine the Fair Premium
Fair Premium is calculated as follows
The discounted policy claim cost + the Processing Cost per application + The fair profit loading
= $1,886.7925+ $100+50 = $2,036.7925
MeasuresPenno Corporation recorded service revenues of $200,000 in 2017, of which $170,000 were on credit and $30,000 were for cash. Moreover, of the $170,000 credit sales for 2017, Penno collected $20,000 cash on those receivables before year-end 2017. The company also paid $25,000 cash for 2017 wages. Its employees also earned another $20,000 in wages for 2017, which were not yet paid at year-end 2017. Compute the company’s net income for 2017.
Answer:
$155,000
Explanation:
Given that,
Service revenues in 2017 = $200,000
Credit sales for 2017 = $170,000
Company also paid cash for 2017 wages = $25,000
Wages for 2017 not paid yet in cash = $20,000
Therefore,
Net income for 2017:
= Service revenues in 2017 - Cash paid for wages - Wages not paid yet in cash
= $200,000 - $25,000 - $20,000
= $155,000
Hence, the company’s net income for 2017 is $155,000.
The net income for 2017 is $155,000.
The calculation is as follows:= Service revenues in 2017 - Cash paid for wages - Wages not paid yet in cash
= $200,000 - $25,000 - $20,000
= $155,000
Hence, we can conclude that the company’s net income for 2017 is $155,000.
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Sue is a small business owner who often gives gifts to clients. She gives a $40 gift to her client, Mr. Smith, and his wife. Sue spent $6 to wrap the gift. She also gave out 400 calendars with her company name on them. Each calendar cost $1. Sue also gave her secretary a $370 watch for his 10 years of service. How much of the above expenses may she deduct? a. None of these b. $446 c. $795 d. $816 e. $801
Answer:
total amount of expenses = $801
so correct option is e. $801
Explanation:
given data
gift to client = $40
wrap the gift = $6
calendar cost = $1
calendar = 400
watch = $370
solution
we get here Calendar cost that is
Calendar cost = 400 × $1
Calendar cost = $400
and
we know that deduction limit of gift that is given t the another person is = $25
so here total amount of expenses
total amount of expenses = $25 + $6 + $370 + $400
total amount of expenses = $801
and it may be deducted