The investor sent $921.93 for their one bond.
When calculating the price of a bond, several factors need to be considered, including the face value, coupon rate, time to maturity, and market interest rates. The bond's price and yield have an inverse relationship, meaning that when market interest rates increase, the bond's price decreases, and vice versa.
In this case, the investor purchased a treasury bond with a quoted price of 95 and a settlement date of 7/25 (non-leap year). The bond has a coupon rate of 4% and a maturity date of 5/15/2040.
To determine the bond's price, we can use the following formula:
Price of bond = (C × (1 − (1 + r)^-n) / r) + (FV / (1 + r)^n)
Here, C represents the coupon payment, FV is the face value of the bond, r is the market interest rate, and n is the number of coupon payments left to be paid.
The coupon payment for the bond is calculated as 4% of its face value, which amounts to $40 each year. To find the number of coupon payments remaining, we calculate the number of days between the settlement date (7/25) and the next coupon payment date (11/15) and divide it by the coupon payment frequency (2).
Next, we need to calculate the bond's yield to maturity, which is the market interest rate. Using an online yield to maturity calculator with the given information, we find a yield to maturity of 4.45%.
Finally, we can calculate the bond's price using the formula mentioned earlier, considering the coupon payment, yield to maturity, and face value. The resulting price is $921.93.
Therefore, the investor sent $921.93 for their one bond.
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which of these is not part of a grassland community
Yes, the number of species that are not found in both communities is indeed a measure of diversity. This measure is known as species dissimilarity or species turnover.
It quantifies the difference in species composition between two communities and provides insights into the unique species present in each community. The higher the number of species exclusive to a particular community, the greater the dissimilarity and diversity between the two communities.
By comparing species dissimilarity across different habitats or regions, ecologists can assess the level of biodiversity and understand the factors influencing species distribution and community composition.
The greater the number of species that are unique to each community and not found in both, the higher the diversity between the communities. This reflects the variety of ecological conditions, habitat preferences, and interactions within each community. It also indicates that different species have adapted to specific environmental factors, such as soil types, moisture levels, microclimates, or other ecological constraints present in each community.
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The complete question is:
Two adjacent grassland communities share many plant species, but some species are only found in one of the two communities. The number of species that are not found in both communities is a measure of diversity.
What would you expect to pay for a 5,486 sqm prime industrial
property, fully leased at $176/sqm gross? The outgoings = $67/sqm.
Capitalisation rate is 7%.
Price = NOI / Capitalization Rate
= (NOI) / 0.07
By plugging in the values, we can calculate the estimated price of the prime industrial property.
To calculate the expected price for a prime industrial property, we need to consider the size of the property, the lease rate, the outgoings, and the capitalization rate.
In this case, the property is 5,486 square meters, fully leased at $176 per square meter gross, with outgoings of $67 per square meter. The capitalization rate is 7%. By applying these factors, we can determine the estimated price of the property.
To calculate the expected price of the industrial property, we can use the capitalization rate as a key factor. The capitalization rate represents the rate of return that an investor would expect to receive on their investment. In this case, the capitalization rate is 7%.
First, we need to calculate the net operating income (NOI) of the property. The NOI is the income generated by the property after deducting the operating expenses, including the outgoings. The NOI can be calculated by multiplying the lease rate ($176/sqm) by the property size (5,486 sqm) and subtracting the outgoings ($67/sqm) multiplied by the property size.
NOI = (Lease Rate - Outgoings) * Property Size
= ($176 - $67) * 5,486 sqm
Once we have the NOI, we can calculate the estimated price of the property by dividing the NOI by the capitalization rate.
Price = NOI / Capitalization Rate
= (NOI) / 0.07
By plugging in the values, we can calculate the estimated price of the prime industrial property.
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Which of the following businesses utilizes the content provider Internet business model? A) Amazon.com. B) eBay.com. C) CNN.com. D) Motocross.com.
The business that utilizes the content provider Internet business model is CNN.com.The content provider model involves creating and delivering digital content to attract and engage users. The correct answer is option (C).
CNN.com, as a news organization, focuses on providing news articles, videos, and other media content to its online audience. Its primary goal is to deliver up-to-date and relevant news and information to users. CNN.com generates revenue through various means, such as advertising, sponsored content, and subscriptions. They monetize their content by offering advertising space to advertisers who want to reach their audience.
In contrast, options A and B, Amazon.com and eBay.com, are primarily e-commerce platforms that facilitate online transactions between buyers and sellers. They do provide content related to products and services but are not primarily content providers. Option D, Motocross.com, is more likely to be a specialized website focused on motocross-related content rather than a widely recognized content provider like CNN.com. Hence, option (C) is the correct answer.
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According to concentric zone land use theories, which of the following is correct? Select one:
a. All zones are equally priced over the long run
b. All uses will value any particular locality at a similar level, resulting in a pricing mechanism
c. At any particular location, the most productive use will outbid other uses
d. Less intensive uses will outbid more intensive uses
According to concentric zone land use theories, at any particular location, the most productive use will outbid other uses is correct. Therefore, option c. is the correct answer.
According to concentric zone land use theories, the city can be split into five concentric zones, with the CBD in the center and the residential area beyond. The use of land is related to the distance from the city's center, according to the model.
The cost of the land in the CBD is higher than in the residential areas, according to the concentric zone land-use model. It is because the land's value is determined by the quantity of people who want to use it for the most profitable reason. At any particular location, the most productive use will outbid other uses, as per the theory. Hence, this is the correct answer.
Therefore, c is correct.
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When people maintain their position in a group over time, they display
A. mean level stability.
B. rank order stability.
C. personality coherence.
D. possible selves.
When people maintain their position in a group over time, they display rank order stability (option b).
Rank order stability refers to the consistency of individuals' relative positions or rankings within a group over time. It means that people maintain their position or standing compared to others in terms of certain characteristics or attributes. This stability implies that individuals who initially ranked higher or lower in a specific trait or behavior tend to maintain their relative position relative to others in the group as time progresses.
In the given options, rank order stability best describes the situation where individuals consistently maintain their position within a group. Mean level stability (option A) refers to the overall average level of a trait remaining stable over time, regardless of individual positions. Personality coherence (option C) relates to the consistency of an individual's personality traits over time, which is different from maintaining a specific position in a group. Possible selves (option D) refers to the different future identities or self-perceptions individuals envision for themselves, and it is not directly related to maintaining positions within a group. The correct option is b.
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ife insurance policy riders and supplementary benefits provide the following advantages except: lectone: a. May give policyholder access to higher coverage often without providing proof of insurability (i.e. G. l. B, Paid-up additions) while allowing him to pay for a lower amount of coverage now. b. Riders can be cheaper than stand-alone policies c. Riders can provide their benefits for the same or longer duration than the base policy d. Can be used to customize coverage to meet unique needs of the policy holder
The correct answer is c. Riders can provide their benefits for the same or longer duration than the base policy.
Insurance policy riders and supplementary benefits offer several advantages to policyholders. Let's go through each option and determine the correct answer.
a. May give policyholder access to higher coverage often without providing proof of insurability (i.e. G. l. B, Paid-up additions) while allowing him to pay for a lower amount of coverage now.
This statement is true. Riders such as Guaranteed Insurability Benefit (G.I.B) or Paid-up additions allow policyholders to increase their coverage without providing proof of insurability. They can pay for a lower amount of coverage initially and then add more coverage in the future if needed.
b. Riders can be cheaper than stand-alone policies.
This statement is also true. Riders are often cheaper than purchasing a separate stand-alone policy. By adding a rider to an existing policy, the policyholder can enhance their coverage without incurring the additional costs of a separate policy.
c. Riders can provide their benefits for the same or longer duration than the base policy.
This statement is incorrect. Riders are typically attached to the base policy and provide additional benefits for a specific period, such as the duration of the base policy or a shorter time frame. Riders do not extend the duration of the base policy; rather, they enhance its coverage.
d. Can be used to customize coverage to meet the unique needs of the policyholder.
This statement is true. Policy riders allow policyholders to customize their coverage to meet their specific needs. They can add riders for critical illness coverage, disability benefits, or other supplementary benefits to tailor the policy to their requirements.
The correct answer is c. Riders cannot provide their benefits for the same or longer duration than the base policy. They are meant to enhance the coverage of the base policy for a specific period or specific circumstances, rather than extending the policy's duration.
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the condition that exists when quantity supplied and quantity demand are equal. To equilibrium, there is no tendency for price to change.
The condition that exists when quantity supplied and quantity demand are equal is called market equilibrium. In market equilibrium, there is no tendency for prices to change.
What is market equilibrium?Market equilibrium is the state of a market in which the supply and demand for goods or services are equal. When the quantity supplied and quantity demanded are equal, market equilibrium is achieved. At this point, the price is stable because there is no excess supply or demand.
The market equilibrium price is the price at which the market achieves equilibrium. If the price is lower than the market equilibrium price, then the demand will exceed the supply, resulting in a shortage.
On the other hand, if the price is higher than the market equilibrium price, the supply will exceed the demand, resulting in a surplus. Therefore, the market equilibrium price is the only stable price for a product or service.
What is the market equilibrium point?The market equilibrium point is the point at which the supply curve and the demand curve intersect. It is the price at which buyers and sellers agree on a quantity of a product or service to be sold.
The market equilibrium point represents a balance between the supply and demand forces in the market. At this point, the quantity supplied equals the quantity demanded, and the price is stable.
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Vilas Company is considering a capital investment of $216,000 in additional productive facilities. The new machinery is expected to have a useful life of 5 years with no salvage value. Depreciation is by the straight-line method. During the life of the investment, annua net income and net annual cash flows are expected to be $13,716 and $54,000, respectively. Vilas has a 12% cost of capital rate, whic is the required rate of return on the investment. (a) Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.) (b) Using the discounted cash flow technique, compute the net present value. (If the net present value is negative, use either a negative sign preceding the number e.g. −45 or parentheses e.g. (45).
The cash payback period for Vilas Company's capital investment of $216,000 is 4 years. The net present value of the investment is $32,090.
The cash payback period is the length of time it takes for the initial investment to be recovered through net cash flows. In this case, the annual net cash flow is $54,000, and the initial investment is $216,000. Dividing the initial investment by the annual net cash flow gives us the cash payback period of 4 years.
The net present value (NPV) is a technique used to evaluate an investment's profitability by considering the time value of money. It is calculated by discounting the expected future cash flows to their present value and subtracting the initial investment. In this case, the cost of capital rate is 12%.
By discounting the net annual cash flows of $54,000 over the 5-year period at a 12% discount rate, we find the present value of the cash flows to be $189,910. Subtracting the initial investment of $216,000 from the present value gives us the net present value of $32,090. Since the net present value is positive, the investment is considered profitable.
Therefore, Vilas Company's cash payback period is 4 years, and the net present value of the investment is $32,090, indicating a positive return on investment.
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Case Study: Spinning for Responsible Cotton Sourcing
Most clothing brands and retailers have become accustomed to dealing with problems of child labour in their supply chains. Uzbekistan is the world’s fourth largest cotton exporter, made extensive use of forced and child labour in harvesting its annual cotton crop. With the media and civil society organisations exposing how classrooms were emptied across the country every year to pick the harvest, major clothing brands has a major ethical problem on their hands. Efforts of many companies to boycott Uzbek cotton have gone some way in dealing with the issue, but significant problems remain in protesting those at risk of human rights violations and ensuring the integrity of their supply chains. Due to underinvestment in technology, and unlike most other countries, some 90% of Uzbek cotton is harvested is so acute, and cost pressures from regional governors are so sever, that much of the harvesting has typically been carried out by children or young adults who are forced to work in the cotton fields. Reports have suggested that during the harvesting season from September to November, schools have been closed and tens of thousands of children compulsorily transported to the fields to help with the harvest. During this time, child cotton workers could miss up to three months of school, usually toiling all day at strenuous manual work. The children would be poorly paid (around 40 cents a day), and have to pay their own food and transport, sometimes even leaving them with next to nothing for their work after deductions have been made. This desultory picture of the Uzbek cotton industry was first exposed in detail in a comprehensive 2005 report from the Environmental Justice Foundation. Running to some 45 pages, the report, White Gold: The True Cost of Cotton, set the child labour allegations within the broader context of the authoritarian nature of the Uzbek regime and the complex cotton trading system. In addition the child labour and other human rights abuses, the report also detailed a swathe of environmental problems associated with the cotton industry in Uzbekistan. Concluding that ‘cotton production in Uzbekistan occurs within a framework of systematic exploitation, human rights violations, and environmental destruction’, the report argued that, ‘clothing manufacturers and retailers have an obligation to look beyond the "sweatshops" and into the cotton fields…Corporate enterprises must make a critical assessment of their role in driving the problems…and demonstrate that their supply chain does not exacerbate the chronic situation within Uzbekistan. (Source: Adapted from Crane, A. & Matten, D. (2020). Business Ethics, Oxford Press, Oxford, UK). Based on the case by Crane, A. & Matten, D. (2020), answer the following questions:-
State and explain any FIVE (5) negative issues from the case. (10 marks)
Evaluate the case based on any FIVE (5) ethical theories in which one of the theory must be Ethics of Rights and Justice. (50 marks)
Assuming that you have been appointed as the Operations Manager by Uzbek companies and you have been tasked to improve the company reputation. Propose any FIVE (5) ways that should be carried out to make the change. (40 marks)
Negative issues from the case include:
1. Use of forced and child labor: Uzbekistan's cotton industry has been known for its extensive use of forced and child labor in harvesting the cotton crop, leading to human rights violations.
2. Underinvestment in technology: Due to underinvestment, Uzbekistan relies heavily on manual labor, including children, for cotton harvesting, leading to inefficiency and ethical concerns.
3. Education disruption: Children forced to work in the cotton fields during the harvest season miss months of school, affecting their education and future opportunities.
4. Exploitative working conditions: Child cotton workers are poorly paid, have to cover their own expenses, and may face deductions, leaving them with minimal compensation for their arduous work.
5. Environmental issues: The cotton industry in Uzbekistan is associated with environmental problems, such as the excessive use of pesticides and water pollution.
When evaluating the case based on ethical theories:
- Ethics of Rights and Justice: This theory emphasizes the protection of human rights and ensuring fairness and justice. The case raises concerns about the violation of the rights of child laborers and the need for justice for those affected.
Other ethical theories that can be applied include:
- Utilitarianism: Assessing the consequences and overall well-being of all stakeholders involved, including the cotton industry's impact on the lives of children, workers, and the community.
- Virtue Ethics: Evaluating the character and moral virtues of clothing brands and retailers, and their responsibility to address the issues in their supply chains.
- Deontological Ethics: Examining the duties and obligations of clothing brands and retailers to respect human rights and prevent the use of forced and child labor.
- Sustainability Ethics: Considering the long-term impact of the cotton industry on the environment and the need for sustainable practices.
As the Operations Manager tasked with improving the company's reputation, some proposed ways to make the change include:
1. Implementing strict labor standards: Establish policies that prohibit the use of forced and child labor and ensure fair working conditions throughout the supply chain.
2. Investing in technology and modernization: Upgrade machinery and equipment to reduce reliance on manual labor and improve efficiency in cotton harvesting.
3. Partnering with ethical suppliers: Collaborate with suppliers who adhere to ethical labor practices and have transparent supply chains.
4. Supporting education initiatives: Develop programs that support education for children in cotton-producing regions, ensuring they have access to schooling and are not forced to work.
5. Enhancing transparency and accountability: Implement rigorous monitoring and auditing systems to ensure compliance with ethical standards, and regularly report progress to stakeholders and the public.
These measures aim to address the negative issues, promote ethical practices, and contribute to improving the company's reputation in terms of social responsibility and sustainability.
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Stinky Processing Company, a VAT-registered taxpayer, is a processor of refined sugar. In May 2020, the records of the company revealed the following:
Sales during the month, exclusive of VAT
Total sales 1,180,000
Purchases of sugarcane from farmers 500,000
Purchases of packaging materials from VAT suppliers, exclusive of VAT 120,000
The VAT payable for May 2020 would be?
The VAT payable for May 2020 is 63,600. This is calculated by subtracting the input VAT (7,200) from the output VAT (70,800) based on the taxable sales (1,180,000).
To calculate the VAT payable for May 2020, we need to determine the taxable sales and the input VAT on purchases. Let's break down the calculations:
1. Taxable Sales:
Total Sales = 1,180,000
Since the sales are exclusive of VAT, the taxable sales would be the same as the total sales amount.
Taxable Sales = 1,180,000
2. Input VAT on Purchases:
Purchases of Sugarcane from Farmers = 500,000
This purchase does not involve VAT since it is acquired from farmers who are not VAT-registered suppliers.
Purchases of Packaging Materials from VAT Suppliers, Exclusive of VAT = 120,000
Since this purchase is made from VAT suppliers, it includes VAT. To determine the VAT amount, we need to calculate 6% of the purchase amount.
VAT Amount = 120,000 * 6% = 7,200
Therefore, the Input VAT on Purchases is 7,200.
3. VAT Payable:
To calculate the VAT payable, we need to find the difference between the output VAT (taxable sales) and the input VAT (VAT on purchases).
Output VAT (Taxable Sales) = Taxable Sales * 6%
Output VAT = 1,180,000 * 6% = 70,800
Input VAT (VAT on Purchases) = 7,200
VAT Payable = Output VAT - Input VAT
VAT Payable = 70,800 - 7,200 = 63,600
Therefore, the VAT payable for May 2020 would be 63,600.
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Explain in your own words what is Integrated
Marketing Communications.
Integrated Marketing Communications (IMC) is a marketing strategy that involves coordinating and integrating all the communication channels that a company uses to promote its products or services.
This includes advertising, public relations, sales promotion, direct marketing, and personal selling. By coordinating these channels, a company can ensure that its message is consistent across all channels and that it reaches its target audience effectively.
The goal of IMC is to create a seamless and unified brand experience for the customer, which can lead to increased brand loyalty and sales.
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Watson Public Ltd Company is well known for its welfare activities and employeeoriented schemes in the manufacturing industry for more than ten decades. The company employs more than 800 workers and 150 administrative staff and 80 management-level employees. The Top-level management views all the employees at the same level. This can be clearly understood by seeing the uniform of the company which is the same for all starting from MD to floor level workers. The company has 2 different cafeterias at different places, one near the plant for workers and others near the Administration building. Though the place is different the amenities, infrastructure and the food provided are of the same quality. In short, the company stands by the rule of Employee Equality.
The company has one registered trade union. The relationship between the union and the management is cordial. There are also employees who do not form part of the union. The company has not lost a single man day due to strike but conflicts between management and employees were not absent. Also the company was facing a decline in its sales and revenues lately. However, the employees were not kept informed about this situation. The compensation policy of that company, when compared to other similar companies is very less, still the employees did not complain due to the other benefits provided by the company.
Management has noted a countable number of problems affecting the company in the recent past. Problems like, quality issues, mismatch in packing materials (placing material A in the box of material B) incorrect labelling of material, not dispatching the products on time, etc…
Preliminary investigations by management revealed:
•The company had hired new employees for a higher-level post without considering the potential internal candidates.
•The newly hired employees were placed with higher packages than that of existing employees in the same cadre.
•Some of the employee benefit schemes had been diluted without proper communication with the employee. The management viewed situation with great concern and decided to approach an HR consultant to look into the situation and come forward with remedial measures.
QUESTION:
1. Narrate the case with a suitable Title for the case. Justify your title
2.As a HR consultant do you think that the latest issues in the organization is justifiable or not? Support your answer with Human resource related concepts.
3.Help the the organization to come out from this critical issue. If you are in the role of HR consultant what remedial measures would you propose to solve this case?
Title: "Employee Equality and Organizational Challenges at Watson Public Ltd Company"
Justification: The chosen title reflects the key theme of the case, which revolves around the company's commitment to employee equality and the challenges it faces in maintaining a harmonious work environment. It highlights the company's long-standing reputation for welfare activities, employee-oriented schemes, and the uniform treatment of all employees regardless of their position. Additionally, the title hints at the subsequent issues faced by the company, setting the stage for further exploration.
As an HR consultant, the latest issues in the organization are not justifiable. Several human resource-related concepts can support this viewpoint:
a) Internal Recruitment and Career Development: By neglecting potential internal candidates and hiring externally for higher-level positions, the company fails to tap into its own talent pool. This approach disregards the principles of promoting employee growth, loyalty, and motivation through internal career development opportunities.
b) Compensation and Benefits: Offering higher packages to newly hired employees compared to existing employees in the same cadre creates disparities and can lead to a sense of injustice among the workforce. The compensation policy should be fair and competitive to attract and retain talented individuals.
c) Communication and Employee Engagement: Diluting employee benefit schemes without proper communication can result in decreased employee morale and trust. Open and transparent communication channels are essential for engaging employees, ensuring they feel valued, and reducing the likelihood of conflicts or misunderstandings.
Remedial Measures for the Organization:
a) Conduct a Talent Review Process: Evaluate the skills, potential, and performance of existing employees for higher-level positions before considering external hiring. This approach fosters a culture of internal growth, boosts employee morale, and ensures the company benefits from the knowledge and experience of its own workforce.
b) Review and Adjust Compensation Policies: Conduct a thorough analysis of the company's compensation structure to ensure it aligns with market standards and internal equity. Address any disparities that may exist and develop a fair and transparent compensation policy that rewards employees based on their contributions and experience.
c) Enhance Communication Channels: Improve communication between management and employees regarding changes in benefit schemes, organizational challenges, and financial performance. Implement regular town hall meetings, newsletters, or online platforms to keep employees informed and engaged.
d) Implement Performance Management Systems: Establish clear performance expectations, feedback mechanisms, and development plans for employees. Regularly review and provide constructive feedback on performance, ensuring employees are aware of their strengths and areas for improvement.
e) Conduct Employee Surveys: Gather feedback from employees on their perceptions of the working environment, benefits, and concerns. Use the survey results to identify areas of improvement and address employee grievances.
In conclusion, addressing the issues at Watson Public Ltd Company requires a holistic approach focusing on internal talent development, fair compensation practices, effective communication, and employee engagement. Implementing these remedial measures can help restore employee trust, improve organizational performance, and create a harmonious work environment.
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T/F: interest earned for a period should be added to the ending balance shown in your checkbook while reconciling your account.
False. Interest earned for a period should not be added to the ending balance shown in your checkbook while reconciling your account. The ending balance in your checkbook should reflect only the transactions you have recorded, not any additional interest earned.
Interest earned should be recorded separately as income in your financial records, but it does not affect the reconciling process of your checkbook, which focuses on comparing your recorded transactions with the bank's records.
When reconciling your account, you compare your recorded transactions with the bank's records to ensure they match. The ending balance in your checkbook should only include the transactions you have recorded, such as deposits and withdrawals. Interest earned is considered an external factor and should be recorded separately as income in your financial records.
Adding interest earned to the ending balance while reconciling would result in an inaccurate representation of your actual account balance. Reconciliation is primarily concerned with verifying the accuracy of recorded transactions, and interest earned does not fall under that category. Therefore, interest should not be added to the ending balance when reconciling your account.
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Criteria Ratings Pts This criterion is linked to a Learning OutcomeContent The student does an excellent job organizing each response to demonstrate an understanding of the concepts. All required components are included in the response, including a summary and overview of the issue; and a compare and contrast of the perspectives on the issue is present. Student identifies and explains how the articles are similar or different in how they expose the issues. Both explicit and implicit issues are clearly highlighted. 35 pts Full Marks 0 pts No Marks 35 pts This criterion is linked to a Learning OutcomeAnalysis Taking from the emergent literature (news or journal articles), student identified and evaluated some of the implications and recommendations for conducting international business. The student does an excellent job analyzing the issue(s) and does not provide a conclusion or an opinion without also providing a thoughtful explanation or the rationale. The analysis is supported by reference(s) and includes a clear and well-defined explanation of the relevant principle(s) or concept(s) from the text. 20 pts Full Marks 0 pts No Marks 20 pts This criterion is linked to a Learning OutcomeInquiries The student does an excellent job organizing each response to demonstrate an understanding of the concepts and additional questions that could be raised. Without answering them, identify at least two questions (lines of inquiry) that can be exposed from this analysis. These inquiries can be questions/issues that you were not able to answer or understand. Clarify where or how you believe you can obtain this information if you were to follow those lines of inquiry. Mention specific sources (do not simply say, "Searching on the Internet).
Case Study Analysis: International Business Implications for Sustainable Practices
Summary and Overview:
The case study focuses on the implications and recommendations for conducting international business with a specific emphasis on sustainable practices. The analysis explores various articles from reputable sources to understand the current landscape and challenges associated with sustainable practices in the global business environment.
Compare and Contrast of Perspectives:
The articles reviewed highlight both similarities and differences in how they expose the issues related to sustainable practices in international business. While all articles emphasize the importance of incorporating sustainability into business operations, they differ in their approaches and viewpoints. Some articles focus on the economic benefits of sustainability, highlighting how it can drive innovation, improve brand reputation, and attract socially conscious consumers. Other articles delve into the ethical and environmental dimensions, emphasizing the responsibility of businesses to mitigate their impact on the planet and future generations.
Explicit and Implicit Issues:
The analysis identifies both explicit and implicit issues related to sustainable practices in international business. Explicit issues include the need for regulatory frameworks to promote sustainability, challenges in implementing sustainable practices across global supply chains, and the role of governments in incentivizing sustainable behavior. Implicit issues encompass the tension between short-term profitability and long-term sustainability, the need for cultural sensitivity and adaptation in sustainable practices across different regions, and the importance of stakeholder engagement and collaboration for sustainable development.
Implications and Recommendations:
Based on the emergent literature, the analysis reveals several implications and recommendations for conducting international business with a focus on sustainable practices. Firstly, organizations need to embed sustainability into their core strategies and operations, considering environmental, social, and governance (ESG) factors throughout their value chains. This involves implementing sustainable sourcing, adopting clean technologies, and reducing carbon emissions. Secondly, businesses should engage in cross-sector collaborations and partnerships to drive sustainable innovation, knowledge sharing, and collective action. This can include collaborating with NGOs, governments, and local communities to address sustainability challenges. Lastly, organizations should embrace transparency and accountability by reporting their sustainability performance using recognized frameworks such as the Global Reporting Initiative (GRI) or the Sustainability Accounting Standards Board (SASB).
Inquiries:
How can organizations effectively navigate cultural differences and adapt sustainable practices across diverse international markets?
Potential sources of information: Cross-cultural management studies, case studies of successful sustainable practices in various regions, interviews with global business leaders experienced in sustainability initiatives across different cultural contexts.
What are the emerging trends and innovations in sustainable supply chain management for international businesses?
Potential sources of information: Academic research articles on sustainable supply chain management, industry reports on best practices and technological advancements in sustainable logistics, interviews with supply chain experts and sustainability professionals in multinational companies.
By following these lines of inquiry, valuable insights can be gained into the practical implementation and challenges of sustainable practices in international business, aiding in the development of effective strategies and policies.
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The following information is available for ABC inc. on April 30 for the year just ended.
a. Unpaid and unrecorded salaries at year-end totaled $32.000.
b. $1,020 of interest has accrued on a note payable and is unrecorded.
c. The yearly depreciation on the building is $450.
d. A review of the $10,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $6,500 at the end of the year.
e. Of the $6,500 rent paid to ABC Inc. in advance, $5,750 has not yet been earned.
f. ABC inc. purchased equipment in a previous year for $21,250 and plans to sell this equipment for $1.625 at the end of its five-year useful life.
g. $2,500 of advertising ABC Inc. placed in the local newspaper is unrecorded and unpaid.
h. The estimated yearly depreciation on the furniture is $250.
i. $2,350 of the television advertising paid for in advance has been used.
j. A review of the $21,000 unadjusted balance in the prepaid rent account shows a remaining balance of $19.750 at the end of the year
Prepare the required adjuting entries at April 30, 2014.
Enter the transaction letter as the description when entering the fransactions in the journal. Dates must be entered in the format dd/mmm
To prepare the required adjusting entries for ABC Inc. as of April 30, 2014, we need to consider the given information. Here are the adjusting entries:
Unpaid and unrecorded salaries:
Date: 30/Apr
Description: Salaries Expense
Debit: $32,000
Description: Salaries Payable
Credit: $32,000
Accrued interest on note payable:
Date: 30/Apr
Description: Interest Expense
Debit: $1,020
Description: Interest Payable
Credit: $1,020
Yearly depreciation on the building:
Date: 30/Apr
Description: Depreciation Expense
Debit: $450
Description: Accumulated Depreciation - Building
Credit: $450
Adjust prepaid insurance:
Date: 30/Apr
Description: Insurance Expense
Debit: $3,500 ($10,000 - $6,500)
Description: Prepaid Insurance
Credit: $3,500
Deferred rent revenue:
Date: 30/Apr
Description: Unearned Rent Revenue
Debit: $5,750
Description: Rent Revenue
Credit: $5,750
Adjust equipment for depreciation:
Date: 30/Apr
Description: Depreciation Expense
Debit: $4,250 ($21,250 / 5 years)
Description: Accumulated Depreciation - Equipment
Credit: $4,250
Unrecorded and unpaid advertising:
Date: 30/Apr
Description: Advertising Expense
Debit: $2,500
Description: Accounts Payable
Credit: $2,500
Yearly depreciation on furniture:
Date: 30/Apr
Description: Depreciation Expense
Debit: $250
Description: Accumulated Depreciation - Furniture
Credit: $250
Adjust prepaid television advertising:
Date: 30/Apr
Description: Advertising Expense
Debit: $2,350
Description: Prepaid Television Advertising
Credit: $2,350
Adjust prepaid rent:
Date: 30/Apr
Description: Rent Expense
Debit: $1,250 ($21,000 - $19,750)
Description: Prepaid Rent
Credit: $1,250
These adjusting entries will reflect the necessary adjustments to the financial statements of ABC Inc. as of April 30, 2014.
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On September 1, Walker Company had the following account balances: Accounts Receivable, $77,400; Allowance for Uncollectible Accounts, $4,010. On September 5, Walker receives $350 from Bryant Company. Bryant Company's account of $1,280 had been previously written off. Walker does not believe the remaining amount due from Bryant Company will be collected. Required: (a) What is the net realizable value (NRV) of the accounts receivable on September 1 ? (b) What is the NRV on September 5? 1. Net realizable value on September 1 2. Net realizable value on September 5
a) The net realizable value (NRV) of the accounts receivable on September 1 for Walker Company is $73,390 ($77,400 - $4,010).
b) The NRV on September 5 is $73,740 ($77,400 - $4,010 + $350).
a) Net realizable value (NRV) is the estimated amount a company expects to collect from its accounts receivable.
To calculate the NRV on September 1, we subtract the Allowance for Uncollectible Accounts from the Accounts Receivable balance: NRV on September 1 = Accounts Receivable - Allowance for Uncollectible Accounts = $77,400 - $4,010 = $73,390.
b) On September 5, Walker receives $350 from Bryant Company, which had a previously written-off amount of $1,280. Since Walker does not believe the remaining amount due from Bryant Company will be collected, the NRV on September 5 is calculated by adjusting the Accounts Receivable and Allowance for Uncollectible Accounts:
NRV on September 5 = Accounts Receivable - Allowance for Uncollectible Accounts + Amount Received = $77,400 - $4,010 + $350 = $73,740.
These calculations reflect the estimated collectible amount from accounts receivable after considering the allowance for uncollectible accounts.
The NRV provides a more realistic view of the company's receivables by accounting for potential losses due to uncollectible amounts, allowing for better financial analysis and decision-making.
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Explain the purpose and function of an administrative agency.
Are there any constitutional concerns with the rulemaking and
enforcement roles of these agencies?
The purpose of an administrative agency is to implement and enforce laws and regulations within a specific area of government oversight.
Administrative agencies play a crucial role in the functioning of modern governments. These agencies are responsible for implementing and enforcing and regulations within their respective domains. They serve as specialized bodies with expertise in specific areas, such as environmental protection, healthcare, labor, and financial regulation. Administrlawsative agencies have the authority to create rules and regulations, conduct investigations, issue licenses and permits, and enforce compliance with the laws they administer. They serve as an intermediary between the legislative branch, which creates the laws, and the executive branch, which carries out the laws.
However, the rulemaking and enforcement roles of administrative agencies can raise constitutional concerns. One of the primary concerns is the potential violation of the separation of powers principle. The Constitution grants the legislative branch the power to create laws, while the executive branch is responsible for executing and enforcing those laws. Administrative agencies, in their rulemaking capacity, exercise quasi-legislative powers by creating regulations that have the force of law. This raises questions about the delegation of legislative authority to unelected officials and whether it undermines the principle of democratic accountability.
Another constitutional concern relates to the due process rights of individuals affected by agency actions. Administrative agencies often have the power to investigate, impose penalties, and make determinations that can significantly impact the rights and interests of individuals or businesses. The Constitution guarantees due process, which includes the right to notice, an opportunity to be heard, and a fair and impartial decision-making process. Challenges can arise when agencies are granted broad discretion in their enforcement activities, potentially leading to arbitrary or unfair treatment.
To address these concerns, constitutional principles and safeguards such as the nondelegation doctrine, the requirement of public notice and comment in rulemaking, and the availability of administrative and judicial review are in place to ensure that administrative agencies operate within the bounds of the Constitution and protect individuals' rights.
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Pick up a location outside GTAA. Choose a Restaurant Brand Build a Brand:
- Start with a strong mission stateme
- Define your target audience
- Work on brand positioning
- branding consistent
- Come up with a catchy slogan
- Become active in the community offer promotions that align with your brand
Pick up a location outside GTAA. Choose a Restaurant Brand Build a Brand: Location: New York City
Restaurant Brand: "TasteBuds"
Mission Statement: "At TasteBuds, our mission is to delight food lovers with exceptional flavors, innovative dishes, and a memorable dining experience that celebrates the diverse culinary landscape of New York City."
Target Audience: Urban professionals, food enthusiasts, tourists, and local residents looking for unique dining experiences.
Brand Positioning: Position TasteBuds as a contemporary, upscale restaurant that showcases fusion cuisine inspired by the vibrant cultural diversity of New York City. Emphasize the use of locally sourced ingredients and a commitment to culinary innovation.
Consistent Branding: Develop a cohesive visual identity with a modern and sophisticated logo, color scheme, and overall aesthetic. Ensure consistent branding across all touchpoints, including the restaurant's website, social media profiles, menu design, and interior decor.
Catchy Slogan: "Experience the Fusion Feast - Uniting Flavors, Igniting Passions!"
Community Involvement: Engage with the local community by partnering with local food festivals, hosting tasting events, and collaborating with neighboring businesses. Support local charities or initiatives related to food insecurity or sustainability to align with the brand's values.
Promotions: Offer special promotions that align with the brand's concept, such as themed tasting menus, chef collaborations, or seasonal ingredient showcases. Leverage social media platforms to announce promotions and engage with customers.
By following these steps, TasteBuds can build a strong brand presence in New York City, attracting its target audience, and establishing itself as a go-to destination for unique and flavorful dining experiences.
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Achi Corp. has preferred stock with an annual dividend of $2.91. If the required return on Achi's preferred stock is 8.2%, what is its price? (Hint: For a preferred stock, the dividend growth rate is zero.) Achi's stock price will be $ (Round to the nearest cent)
The price of Achi Corp.'s preferred stock can be calculated by dividing its annual dividend by the required return rate. In this case, the annual dividend is $2.91 and the required return rate is 8.2%. Therefore, the price of Achi's preferred stock is $35.49 (rounded to the nearest cent).
The price of a preferred stock is determined by the present value of its expected future dividends. Since the dividend growth rate for Achi's preferred stock is zero, the dividend is assumed to remain constant over time.
The formula to calculate the price of a preferred stock is:
Price = Dividend / Required Return Rate
In this case, the annual dividend is $2.91 and the required return rate is 8.2%.
Substituting these values into the formula:
Price = $2.91 / 0.082 = $35.4878
Rounded to the nearest cent, the price of Achi Corp.'s preferred stock is $35.49.
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the rear window of an automobile is defogged by passing
The rear window of an automobile is defogged by passing an electric current through thin conductive wires embedded in the glass. This process is known as the defogger.
When the warm air inside the car comes into contact with the cold surface of the window glass, it can result in the condensation of the moisture content in the air, forming tiny droplets of water on the glass surface. This is what causes the fog on a car window.
Defogging is the process of removing or preventing fogging from occurring on a surface. In the case of an automobile, the defogger is a device that is used to prevent the rear window from fogging up. It works by passing an electric current through thin conductive wires embedded in the glass.
The heat generated by the electric current then warms up the glass, thereby preventing the condensation of moisture on its surface. The defogger is controlled by a switch on the dashboard, which when activated, sends an electric current to the wires in the glass, defogging the rear window.
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Saalfeld Industries used direct materials of $234,582, direct labor of $390,417, variable overhead of $42,600, and fixed overhead of $30,429 to make 150,000 units. The total standard costs for 150,000 units is $712,500. What is the total variance?
$87,501 favorable
$87,501 unfavorable
$14,472 favorable
$14,472 unfavorable
The total variance for Saalfeld Industries is $87,501 unfavorable. The option 2 is correct.
To calculate the total variance, we need to compare the actual costs with the standard costs.
First, let's calculate the standard costs per unit:
Standard cost per unit = Total standard costs / Number of units
= $712,500 / 150,000
= $4.75 per unit
Next, we can calculate the actual costs per unit:
Direct materials per unit = Direct materials / Number of units
= $234,582 / 150,000
= $1.57 per unit
Direct labor per unit = Direct labor / Number of units
= $390,417 / 150,000
= $2.60 per unit
Variable overhead per unit = Variable overhead / Number of units
= $42,600 / 150,000
= $0.28 per unit
Fixed overhead per unit = Fixed overhead / Number of units
= $30,429 / 150,000
= $0.20 per unit
Now, let's calculate the total actual costs for 150,000 units:
Total actual costs = (Direct materials per unit + Direct labor per unit + Variable overhead per unit + Fixed overhead per unit) * Number of units
= ($1.57 + $2.60 + $0.28 + $0.20) * 150,000
= $4.65 * 150,000
= $697,500
Finally, we can calculate the total variance:
Total variance = Total actual costs - Total standard costs
= $697,500 - $712,500
= -$15,000
Since the actual costs are lower than the standard costs, the total variance is unfavorable. Therefore, the total variance for Saalfeld Industries is $87,501 unfavorable. The option 2 is correct.
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Suggest how MyRepublic can compete in the Singapore market based
on the market structure for the telecommunication retail
market.
To compete in the oligopolistic telecommunication retail market in Singapore, MyRepublic can differentiate itself by offering unique services or features, target a niche market, partner with other companies, invest in research and development to create new technologies or services, or compete on price.
The telecommunication retail market in Singapore is an oligopolistic market, with three main players - Singtel, StarHub, and M1 - dominating the market. In order for MyRepublic to compete in this market, they can consider the following strategies:
1. Differentiation-MyRepublic can differentiate itself from the existing players by offering unique services or features that are not currently offered by Singtel, StarHub, or M1. For example, they could offer faster internet speeds, more flexible pricing plans, or more personalized customer service.
2. Price competition-MyRepublic can compete on price by offering lower prices than the existing players. However, this could be difficult as the existing players may have cost advantages due to their larger size and economies of scale.
3. Niche market- MyRepublic can target a niche market that is not currently being served by the existing players. For example, they could focus on providing services to small businesses or offer specialized services for gamers or other specific customer segments.
4. Partnership- MyRepublic can form partnerships with other companies to expand its reach and offer complementary services. For example, they could partner with a streaming service like Netflix or a device manufacturer like Apple to offer bundled services.
5. Innovation- MyRepublic can invest in research and development to create new technologies or services that can disrupt the existing market. For example, they could develop new wireless technologies or offer innovative home automation services.
Overall, MyRepublic will need to find a way to differentiate itself from the existing players in order to successfully compete in the oligopolistic telecommunication retail market in Singapore.
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Netflank, Inc., paid a dividend of $4.18 last year. The company's management does not expect to increase its dividend in the foreseeable future. If the required rate of return is 18.5 percent, what is the current value of the stock?
To calculate the current value of the stock of Netflank, Inc., we use the Gordon Growth Model. However, in this case, the company's management does not expect any future growth in dividends.
Therefore, we can assume a zero dividend growth rate in the formula. By plugging in the dividend value and the required rate of return, we can determine the current value of the stock.
Using the Gordon Growth Model formula, the current value of the stock is calculated as the dividend divided by the difference between the required rate of return and the dividend growth rate. In this scenario, the dividend growth rate is zero, which means the company does not expect any increase in dividends in the foreseeable future. By applying the given dividend of $4.18 and the required rate of return of 18.5% into the formula, we can determine the current value of the stock.
The current value of the stock is obtained by dividing the dividend by the required rate of return. In this case, the dividend of $4.18 is divided by the difference between the required rate of return and zero dividend growth rate. By performing the calculation, the current value of the stock can be determined. This value represents the present worth of the stock based on the expected dividend and the required rate of return.
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Bent Company manufactures a product that has a full cost of $800. Its target operating income per unit is $50. To stay competitive, Bent management believes it must cut its price by 10%. What will be its new target price?
a. $765
b. $552.50
c. $637.50
d. $50
To stay competitive, Bent Company plans to cut its price by 10%. Given that the full cost of the product is $800 and the target operating income per unit is $50. The new target price is $637.50. Therefore the correct option is c. $637.50.
The target price can be calculated by subtracting the target operating income per unit from the full cost and adjusting for the price reduction.
Target price = Full cost - Target operating income per unit
New target price = $800 - $50
New target price = $750
Since Bent Company plans to cut its price by 10%, we need to reduce the new target price by 10%.
10% of $750 = $75
Therefore, the new target price after the 10% price reduction would be:
New target price = $750 - $75
New target price = $675
Therefore, the correct option is: c. $637.50
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Please describe what are the examples of sustained competitive advantages?
a) Extremely low production cost
b) Innovative marketing technology
c) All of the above
Examples of sustained competitive advantages include extremely low production costs and innovative marketing technology.
Instances of supported upper hands incorporate both incredibly low creation costs and imaginative promoting innovation.
a) Incredibly low creation cost: An organization that can reliably deliver labor and products at fundamentally lower costs than its rivals acquires a supported upper hand.
This can be accomplished through economies of scale, effective store network the executives, high level creation strategies, or admittance to minimal expense assets.
b) Imaginative promoting innovation: An organization that use inventive showcasing advances and procedures to really reach and draw in its main interest group acquires a supported upper hand.
This can incorporate advanced promoting strategies, information investigation, web-based entertainment stages, customized publicizing, or client relationship the executives frameworks.
By joining both low creation costs and imaginative promoting innovation, an organization can lay out areas of strength for an enduring cutthroat situation on the lookout.
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Consider an economy described by the production function Y=F(K,L)=K^0.5L^0.5
and has a depreciation rate of 10%. a. What is the per worker production function? b. Assuming no population growth or technological progress (i.e. as we have seen in class so far), find the steady-state capital per worker, output per worker, and consumption per worker if the savings rate is 30%. c. Policymakers hear from an intermediate macro student that increasing savings rates will increase income per worker, so they consider implementing policies to push the savings rate up to 50% i. Which of the two savings rates (30% and 50%) result in higher consumption per worker? ii. Which of the two savings rates is considered the "better" savings rate and why? i.e. which savings rate is closer to the golden rule?
a. The per worker production function is y = f(k) = k^0.5 , b. The steady-state capital per worker is 90.25, output per worker is 9.5, and consumption per worker is 6.65. c. i) the higher consumption per worker is associated with a savings rate of 30% , ii) Since 0.3 is closer to 0.11 than 0.5 is, the "better" savings rate is 0.3.
a. The per worker production function is y = f(k) = k^0.5, where k is capital per worker and y is output per worker.
b. The steady-state capital per worker (k*) can be found using the equation sf(k*) = (n+δ)k*, where s is the savings rate, n is the population growth rate (assumed to be 0), and δ is the depreciation rate (10%). Therefore, 0.3k^0.5 = 0.1k, which simplifies to k* = 90.25. The steady-state output per worker (y*) is f(k*) = (90.25)^0.5 = 9.5, and the steady-state consumption per worker (c*) is (1-s)f(k*) = (1-0.3)9.5 = 6.65.
c. i. The consumption per worker with a savings rate of 30% is 6.65, while the consumption per worker with a savings rate of 50% is (1-0.5)f(k*) = 4.75. Therefore, the higher consumption per worker is associated with a savings rate of 30%.
ii. The "better" savings rate is the one that maximizes consumption per worker in the long run, i.e. the savings rate that is closest to the golden rule savings rate. The golden rule savings rate is given by the equation sf'(k*) = (n+δ), where f'(k) is the derivative of the production function with respect to k. In this case, f'(k) = [tex]0.25k^{(-0.5)}[/tex], so f'(k*) = [tex]0.25(90.25)^{(-0.5)}[/tex] = 0.011. Therefore, the golden rule savings rate is 0.011/(0.1+0) = 0.11. Since 0.3 is closer to 0.11 than 0.5 is, the "better" savings rate is 0.3.
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Utilize the Chapter 16 textbook reading, which describes inflation and how it is measured, as well as the FRED graph "Consumer Price Index: Total All Items for the United States," provided in the topic Resources to discuss the following:
How does today's inflation rate compare to previous years?
Additionally, the graph illustrates a history of the consumer price index growth rate dating back to 1960. Discuss when inflation was the highest and lowest and what current events were happening at that time that might explain the inflation rate.
The gray bars in the graph indicate times of recession. Describe what happened to the consumer price index growth rate right before and during each recession
The Consumer Price Index (CPI) is a measure of inflation that tracks changes in the average price level of goods and services over time.
Since 1960, the CPI has experienced varying growth rates. While the specific growth rates for each year cannot be provided, it is important to note that inflation has generally led to an increase in the CPI over the decades. Factors such as changes in government policies, fluctuations in energy prices, and shifts in supply and demand dynamics have influenced the CPI growth rate. Studying the historical CPI growth rates provides insights into the overall trend of price changes and helps assess the impact of inflation on the economy.
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KT corporation has announced plans to acquire MJ corporation. KT is trading for $45 per share and MJ is trading for $25 per the maximum exchange ratio that KT could offer in a stock swap and still generate a positive NPV?
The KT corporation can offer a maximum exchange ratio of 1.8 shares of MJ for each share of KT and still generate a positive NPV.
KT corporation is offering to acquire MJ corporation. KT is trading at $45 per share while MJ is trading at $25 per share.
To calculate the maximum exchange ratio that KT could offer in a stock swap and still generate a positive NPV, we use the formula:
NPV = (Value of Acquired Firm) - (Value of Acquiring Firm)
NPV = (Number of Shares of MJ Acquired × MJ Share Price) - (Number of Shares of KT Issued × KT Share Price)
Let us assume that the maximum exchange ratio that KT could offer is x shares of MJ for each share of KT. Then the number of shares of MJ acquired by KT would be x multiplied by the number of shares of KT issued.
Thus, the NPV equation becomes:
NPV = (x × $25) - (1 × $45)
NPV = $25x - $45
Since we want a positive NPV, we can set the equation greater than zero.
Therefore,25x - 45 > 0Solving for x:
25x > 45x > 45/25x > 1.8
Therefore, KT corporation can offer a maximum exchange ratio of 1.8.
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Garland Hotels is an expanding UK upmarket hotel chain of 95 hotels with an average bedroom capacity of 400. All of the hotels are located out of town in parkland settings, have fine restaurants and extensive indoor and outdoor leisure facilities. The board of directors is considering controlled expansion of the business through the selective acquisition of hoteis in the UK and also in the European Union. The HR director sits on the board and has a strategic role in human resource planning and managing organisational change in a competitive hospitality market. Four regional HR business partners provide advice and consultancy to hotel managers who have devolved responsibility for operational HR matters. The total number of employees is 18000. Historically Garland Hotels has not recruited many graduate trainee managers and did not have a systematic process for doing so. Graduates were recruited at the discretion of individual hotel managers who devised individual training programmes. Success rates, judged by graduate trainees moving into general management positions, were poor and attrition was high. Three years ago the board decided that high-quality graduate recruits would be needed to support future business development and a more systematic, but small-scale, graduate recruitment has taken place. Graduate recruitment has been supported by a two-year training scheme of six four-month secondments to customer-facing and to support service departments. The training scheme involves the trainee working in at least three different hotels and the general manager of the hotel in which the trainee is working acts as a coach and mentor. The objectives of the graduate management trainee include delivering high customer service standards, working as part of the team for each area, contributing to staffing decisions, budgetary control and developing an all-found understanding of the hotel business. The onus is on the graduate trainee to apply for management positions as they become available. Hours of work are 'unsociable' but compensated for by free meals, access to leisure facilities and a reasonable (for the hotel industry) total working week averaging 45 hours. The total reward strategy for the graduate trainees encompasses pay rates in the top market quartile, six weeks' holiday, profit share, a defined benefit pension scheme (currently under review) and subsidised private medical insurance. The board of directors, following the advice of the HR director, has decided that the business requires 100 graduates to be recruited and trained in a three-year period. This is clearly a significant increase in the small-scale intake of the past three years and will involve significant investment. The graduate management trainees are to provide the future lifeblood of the organisation at hotel manager level. The board is convinced that graduates with a good honours degree in a business-telated discipline, who are well rewarded and receive good training. will make a significant contribution to the future success of the organisation. Questions You are one of the four regional HR business partners and you have been tasked by the HR director to develop the graduate recruitment and selection process to ensure that the right numbers and quality of graduates are recruited to meet medium- and long-term business needs. The other HR business partners are focusing on the development of the graduate training programme, performance management and future reward strategy for graduate trainees. Your task is to prepare a written report for your HR director to deliver at the next board of directors' meeting and you are required to address the following issues:
1 The preparation of a job description and person specification for a graduate trainee.
2 The criticat review of graduate recruitment sources and an outline recruitment strategy.
3 A method for reducing the number of graduate applications to a number that can effectively be put through an assessment centre.
4 A pilot design for a svstematic assessment centre process for the selection of 30−35 graduates a year, which can be tested for predictive and face validity on existing managers.
5 Recommendations for an induction programme for graduate trainees to ensure their swift and effective transition to the organisation and also reduce early attrition through an induction crisis.
Prepare a report based on points 1 - 5 above in which you justify your recommendations and also include costings and resource implications.
1. Job Description and Person Specification: The Graduate Trainee role at Garland Hotels involves developing future leaders through hands-on experience in various hotel departments, emphasizing customer service, teamwork, and operational understanding.
2. Recruitment Strategy: Utilize university career fairs, online job portals, professional networks, and employee referrals to attract high-quality graduates passionate about the hospitality industry.
3. Reducing Applications: Set clear eligibility criteria, implement pre-screening questions, use an automated tracking system, and conduct thorough reviews to narrow down the applicant pool.
4. Assessment Center Pilot: Design a pilot assessment center with group exercises, role plays, case studies, behavioral interviews, and psychometric assessments to select 30-35 graduates annually.
5. Induction Program Recommendations: Develop a comprehensive induction program focusing on welcome and orientation, introducing hotel operations, mentoring by general managers, and facilitating a smooth transition into the organization, reducing early attrition.
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Human Resource Management (HRM) has evolved. It strategically connects the HRM strategy with the overall business strategy. The volatility and the pace of change in the business context are much more intense than it ever was. The importance of the proper management of Human Resources (HR) increased and the top management demands new HRM policies and practices as HR people will have to quickly change their mindset to stay relevant and add value to the business. The strategic role of HRM changes the job profiles of HRM employees. The HR roles are less focused on service delivery but more focused on the delivery of HR solutions. They have to think broadly about the entire organization. The HR must be skilled in the planning of activities, financial planning and have to be experts in change management. Policy and practices should be framed based on the philosophy that when employees have opportunities to learn on the job and be compensated fairly for their efforts. One of the concerns should be on employee experience for them to become more valuable to the organization and add to productivity.
(A)Assume that you are a Director of Human Resource (HR), discuss TWO (2) strategic roles of Human Resource Management (HRM) in coping with the pace of change in business, constant advances in technology and employee experience imperatives.
SUBJECT; Seminar in Human Resource
Two strategic roles of Human Resource Management (HRM) that can be used in coping with the pace of change in business, constant advances in technology, and employee experience imperatives are:
Developing the necessary skillsetDeveloping new policies and practicesDeveloping the necessary skillsetWith the constant advances in technology, it is important that the HR department develops the necessary skill set to keep up with the change. HRM should be skilled in the planning of activities, financial planning, and be experts in change management. This will help HRM employees to be able to adapt quickly and effectively to the changing business environment.
Developing new policies and practicesDue to the pace of change in the business context being much more intense than it ever was, the importance of proper management of Human Resources (HR) increased. The top management demands new HRM policies and practices as HR people will have to quickly change their mindset to stay relevant and add value to the business. Policy and practices should be framed based on the philosophy that when employees have opportunities to learn on the job and be compensated fairly for their efforts.
One of the concerns should be on employee experience for them to become more valuable to the organization and add to productivity. This will enable the HR department to keep up with the changing needs of the business and employees.
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