Since buying CMCBs from Minton would cost $300 per unit, the total cost of purchasing 10,000 CMCBs would be $3,000,000.
CMCBs in 2018, we need to consider the fixed and variable costs associated with manufacturing the CMCBs.
The fixed manufacturing overhead costs that cannot be avoided are $320,000, while the fixed manufacturing overhead costs that can be avoided if CMCBs are not made are also $320,000.
The variable manufacturing cost per unit can be calculated as follows:
For 2017:
Svenson manufactured 8,000 CMCBs in 40 batches of 200 each, so the total number of batches is 40.
The variable manufacturing cost per batch is $1,500, which includes direct materials, direct labor, and variable overhead costs.
Therefore, the variable manufacturing cost per unit is $1,500/200 = $7.50.
For 2018:
Svenson anticipates needing 10,000 CMCBs in 80 batches of 125 each, so the total number of batches is 80.
The variable manufacturing cost per batch is still $1,500.
Therefore, the variable manufacturing cost per unit is $1,500/125 = $12.
The total expected manufacturing cost per unit of making CMCBs in 2018 can be calculated as follows:
Total expected manufacturing cost per unit = Fixed manufacturing overhead costs + Variable manufacturing cost per unit
= $320,000 (fixed overhead costs that cannot be avoided) + $320,000 (fixed overhead costs that can be avoided) + $12 (variable manufacturing cost per unit)
= $652 per unit.
Requirement 2: If the capacity currently used to make CMCBs will become idle if Svenson purchases CMCBs from Minton, then Svenson should compare the cost of making CMCBs to the cost of buying them from Minton.
The cost of buying CMCBs from Minton is $300 per unit.
The total expected manufacturing cost per unit of making CMCBs in 2018 is $652 per unit.
Therefore, on the basis of financial considerations alone, Svenson should buy CMCBs from Minton as it would be cheaper than making them in-house.
Note that this analysis does not take into account any non-financial factors, such as quality control, lead times, or the impact on employees.
Requirement 3: If Svenson purchases CMCBs from Minton, its best alternative use of the capacity currently used for CMCBs is to make and sell special circuit boards (CB3s) to the Essex Corporation. Svenson estimates the following incremental revenues and costs from CB3s:
Total expected incremental future revenues = $2,000,000
Total expected incremental future costs = $2,150,000
To determine whether Svenson should make CMCBs or buy them from Minton, we need to compare the incremental contribution margin of making CB3s to the cost of buying CMCBs from Minton.
The incremental contribution margin of making CB3s can be calculated as follows:
Incremental contribution margin = Total expected incremental future revenues - Total expected incremental future costs
= $2,000,000 - $2,150,000
= -$150,000
This means that making CB3s would result in a loss of $150,000.
Since buying CMCBs from Minton would cost $300 per unit, the total cost of purchasing 10,000 CMCBs would be $3,000,000.
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Which of the following would be covered under the uninsured motorist section of a personal automobile policy?
A. A hit-and-run driver who strikes the insured's vehicle but can not be identified.
B. An insured 15-year-old unlicensed son who steals the family car and strikes the insured vehicle.
C. A driver with a vehicle owned by a large company that has elected to self-insure rather than purchase insurance who strikes the insured vehicle.
D. An insured driver driving a vehicle he does not own who strikes the insured's vehicle.
The uninsured motorist section of a personal automobile policy covers accidents involving uninsured drivers or unidentified drivers, such as hit-and-run scenarios. Option A is correct.
Option A: A hit-and-run driver who strikes the insured's vehicle but cannot be identified.
In this scenario, the uninsured motorist section of a personal automobile policy would provide coverage. When a hit-and-run driver causes damage to the insured's vehicle but cannot be identified, it means there is no way to hold the responsible party accountable or seek compensation from their insurance. To protect the insured in such cases, the uninsured motorist coverage kicks in.
Uninsured motorist coverage is designed to provide financial protection for the insured if they are involved in an accident with an uninsured or underinsured driver. It helps cover medical expenses, property damage, and other losses that result from the accident. When the driver responsible for the accident cannot be identified, it is treated as if they were an uninsured driver.
Therefore, option A would be covered under the uninsured motorist section of the policy to compensate the insured for the damages caused by the hit-and-run driver.
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In what ways were Seventh Generation’s marketing plans
successful and in what ways did they fail?
Seventh Generation's marketing plans were successful in establishing a strong brand identity centered around sustainability and eco-friendly products.
Seventh Generation's success lies in their ability to align their marketing efforts with their core values of environmental sustainability. They positioned themselves as a leading brand in eco-friendly household products, focusing on promoting their commitment to using natural and non-toxic ingredients, minimizing their environmental impact, and supporting social causes.
Furthermore, Seventh Generation successfully utilized various marketing channels, such as social media, online campaigns, and partnerships with like-minded organizations, to engage their target audience and raise awareness about their products.
Their emphasis on transparency and authenticity in their marketing messages helped build trust and loyalty among consumers who sought eco-friendly alternatives.
However, Seventh Generation faced challenges in penetrating the mainstream market. This limited their ability to attract price-sensitive consumers and compete with larger, more established brands.
Additionally, the eco-friendly product market became more competitive over time, with many mainstream brands introducing their own sustainable product lines.
This increased competition posed a challenge for Seventh Generation to differentiate themselves and maintain their position as a leader in the industry.
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Suppose a household does not carry health insurance. Can we
conclude that this reflects failure of insurance markets? why or
why not?
The absence of health insurance in a household does not necessarily indicate a failure of insurance markets. Factors such as affordability, personal choices, and eligibility need to be considered before concluding market failure.
Some possible reasons for not having health insurance could include:
Financial constraints: The cost of health insurance premiums may be unaffordable for some households, particularly those with lower incomes. In such cases, it could be a reflection of economic limitations rather than a failure of the insurance market.
Personal choice: Some individuals may choose not to purchase health insurance due to personal beliefs, preferences, or confidence in their own health. This decision might not be related to any shortcomings of the insurance market but rather a personal decision-making process.
Ineligibility: Certain individuals or households may not qualify for public health insurance programs or employer-sponsored coverage due to specific eligibility criteria.
While insurance markets can have their own challenges and inefficiencies, the lack of health insurance in a particular household cannot be solely attributed to market failure.
It is crucial to analyze the underlying factors such as affordability, personal choices, and eligibility to gain a comprehensive understanding of the situation.
Addressing these factors requires a multifaceted approach involving policy interventions, education, and affordability reforms, rather than solely attributing it to insurance market failure.
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Assume you Work in a cuttomer service call center, One ol your mule coworkers noticat thut muny monen were being pursied up for manugerial poritiont He coworker brings this to the lead supervisor's attertion, who telis him that all of the women in the department were mothers who coulid not harelle the working heurs recuired for a manaser. Your rearncile of ar Tramisorimational le ider Charismatic lesder. Transabional leaber Avtoneris leader
The expression of allyship in this scenario of a male coworker noticing that many women were being passed up for managerial positions is also an example of Authentic leader. So, the correct option is "Authentic leader."
The male coworker brought to the lead supervisor's attention that many women were being passed up for managerial positions. The lead supervisor replied that all of the women in the department were mothers who could not handle the working hours required for a manager. But this is an unfair and false assumption.
So, the male coworker challenges the lead supervisor and convinces him that this is wrong.The male coworker in the scenario is displaying allyship. He is supporting the women in his department and fighting for gender equality. This action is an example of authentic leadership.
An authentic leader is someone who displays transparency, honesty, and integrity. They are self-aware and lead with their values. They inspire their followers to be better versions of themselves and create a culture of trust and collaboration. Therefore, the correct option for the given question is option "Authentic leader."
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Your colleague Nina Peter is also a risk manager at Arcku Asset management Plc and specialises in swaps. She has been temporarily assigned to your hedge fund to assist you.
Arcku Plc has outstanding bonds worth £200m, 5 year semi-annual pay, floating rate bonds with coupons rate equal to 180 day LIBOR + 50 basis points with an embedded call option. Arcku Plc is worried that interest rates may rise over the rest of tenor of the issue. This would increase the cost of debt financing and Arcku would like to hedge against this risk.
Nina Peter offers two solutions:
1. Arcku can call the bonds early, if LIBOR rises above 5% or,
2. Take a long position in a swaption with strike rate of 5% for the remaining 3 years.
The expected term structure of interest for the remaining tenor of the issue is as follows:
180 day LIBOR 4.5%
360 day LIBOR 5%
540 day LIBOR 5%
720 day LIBOR 5.6%
900 day LIBOR 6%
1080 day LIBOR 4.8%
Equity Portfolios:
The dividends received from stock holdings were previously re-invested into trending stocks in short-term sub-portfolio until the end of the financial year. Due to recent bleak outlook of the UK economy, Arcku Plc’s hedge fund has decided to re-invest the dividend income into foreign currency (Euros) instead, as the UK Pound has been and is expected to continue to lose value against the Euro. If the Pound depreciation against the Euro continues, Arcku expects earn positive returns from this strategy that would help ease up its cash shortages. Dividend income amounts to approximately 2.5% of size of equity portfolio, that is, £2.5 m every quarter.
Nina suggests that Arcku Plc should enter into currency swap for next 5 year to exchange the dividend income with another EU based hedge firm whose annual dividend income is the same as Arcku, when converted into Pounds. Given today’s exchange rate of £1 = € 0.85 any firm with dividend income of €/ £ (0. 85 x £2.5 m= € 2,125,000) should qualify.
If not swaps, Arcku’s may enter into a forward contract or a future contract or go long in currency option. Any method chosen must consider Arcku’s current cash shortage and require a minimum cash outflow over the next 2 to 3 months.
Currency portfolio:
In order to execute a currency hedge, Nina suggests it is important to determine what would be the correct spot price of the currency 3 months from now. Nina thinks that the Pound is likely to depreciate against the Euro, as the UK is expected to have a higher inflation rate compared to mainland Europe. The UK inflation expectation is at 4.5%, while the cost-of-living index for EU is expected to increase by 3% over the next 3 months. The spot exchange today is €0.85 = £1
Required:
Bonds:
(I) Discuss the possible benefits, costs and limitation of the 2 options presented by Nina. (4 marks)
(II) Determine the net settlement of Arcku from swaption? (9 marks)
(III) Comment on last swap settlement? Can this be avoided? (2 marks)
(IV) Derive the equation to show how can Arcku eliminate the uncertainty regarding FRN interest payments by using the swaption? (2 marks)
Equity:
(V) Critically valuate Nina’s statement regarding currency swap on equity dividends.
Consider all elements of the suggestion you may or may not agree with? (8 marks)
(VI) Assuming a currency swap is not feasible, is a long position in forward or future contract better, considering the cash shortage? (2 marks)
(VII) Determine the expected spot exchange 3 months from now. Are Nina expectations of currency movements, correct?
Nina Peter, a risk manager at Arcku Asset Management Plc, presents two options to hedge against the risk of rising interest rates on Arcku's outstanding bonds: calling the bonds early if LIBOR rises above 5% or taking a long position in a swaption with a strike rate of 5% for the remaining 3 years.
The benefits of calling the bonds early include avoiding higher debt financing costs, while the benefits of the swaption include locking in a fixed rate and potential cost savings if interest rates rise. However, calling the bonds early may incur penalties and limit future financing options, while the swaption involves the risk of the counterparty not exercising the option. To determine the net settlement from the swaption, the specific terms of the swaption contract need to be considered, such as the notional amount and the exercise date. The net settlement will depend on the prevailing LIBOR rate at the exercise date and the difference between the strike rate and the prevailing LIBOR rate. Calculation of the net settlement requires the detailed terms of the swaption contract. The last swap settlement refers to the final settlement of the swap contract. The need for this settlement depends on the terms of the swap, including the payment dates and the maturity of the swap. It is possible to avoid the last swap settlement by entering into a new swap contract or terminating the existing swap contract before the last settlement date. To eliminate the uncertainty regarding Floating Rate Note (FRN) interest payments, Arcku can use the swaption by exercising the option to enter into a fixed-rate swap. By doing so, Arcku can convert the variable interest payments of the FRN into fixed-rate payments, eliminating the uncertainty associated with interest rate fluctuations.
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Question 13 Marked out of 2.00 Consider the supply of cotton in Mali. Genetically modified seeds allow farmers to increase the production of cotton greatly. This can be illustrated by ... a. Downward movement along the supply curve b. Shift of the supply curve to the right c. Shift of the supply curve to the left d. Upward movement along the supply curve Question 12 Marked out of 2.00 Consider the market for coffee in Utopia. When the media reports widely on the medical advantages of coffee, the effect of this can be illustrated by a .... a. downward movement along the same demand curve b. shift of the demand curve to the right c. upward movement along the same demand curve d. shift of the demand curve to the left Question 11 Marked out of 2.00 Consider the demand for wireless speakers in South Africa. Due to low-cost Chinese imports, the price of wireless speakers decreases sharply. This can be illustrated by ⋯ a. Downward movement along the demand curve b. Shift of the demand curve to the right c. Shift of the demand curve to the left d. Upward movement along the demand curve Question 10 Marked out of 2.00 Consider the demand for wireless speakers in South Africa. People decide to switch to wireless speakers, due to the convenience. This can be illustrated by ... a. Shift of the demand curve to the left b. Shift of the demand curve to the right c. Upward movement along the demand curve d. Downward movement along the demand curve Question 9 Marked out of 2.00 Consider the demand for wireless speakers in South Africa. The price of wireless speakers increases due to higher production costs. This can be illustrated by ... a. Shift of the demand curve to the right b. Downward movement along the demand curve c. Shift of the demand curve to the left d. Upward movement along the demand curve
Question 13: The use of genetically modified seeds to increase cotton production in Mali can be illustrated by a shift of the supply curve to the right (Option B).
The introduction of genetically modified seeds that enable farmers to increase cotton production represents a technological advancement. This advancement allows farmers to produce more cotton at each price level. As a result, the overall supply of cotton in Mali increases. This change in supply is not a result of a change in price but rather a change in the quantity of cotton supplied at each price. Therefore, the correct answer is a shift of the supply curve to the right.
The correct choice for Question 13 is option B, which states that the increased cotton production resulting from the use of genetically modified seeds can be illustrated by a shift of the supply curve to the right. This choice reflects the concept that technological advancements or changes in production capabilities can affect the quantity supplied at each price level, leading to a shift in the supply curve rather than a movement along the curve.
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1. Implications of IS curve (20 points). Consider the following changes in the macroeconomy. Show how to think about them using the U.S. IS curve, and explain how and why U.S. GDP is affected in the short run. Hint: use the national income accounting identity.
(a) A temporary housing boom increases the construction of residential real estate.
(b) A booming economy in Europe leads to an unexpected increase in the demand by European consumers for U.S. goods.
(c) U.S. consumers develop an infatuation with all things made in the UK and increase their imports from that country.
(d) The government launches a large scale investment project to improve the bridges along the Mississippi.
(a) A temporary housing boom increases the construction of residential real estate:
In the IS curve framework, an increase in residential construction due to a housing boom leads to an increase in investment. This increase in investment leads to an increase in aggregate demand (AD).
The increase in AD causes an upward shift in the IS curve. As a result, the equilibrium GDP increases in the short run due to the multiplier effect of increased investment and higher construction activity.
(b) A booming economy in Europe leads to an unexpected increase in the demand by European consumers for U.S. goods:
A booming economy in Europe increases the demand for U.S. goods. This increase in exports leads to an increase in net exports (X - M) in the national income accounting identity. Since net exports are part of the aggregate demand (AD) equation, an increase in net exports leads to an increase in AD. As a result, the IS curve shifts upward, and U.S. GDP increases in the short run.
(c) U.S. consumers develop an infatuation with all things made in the UK and increase their imports from that country:
An increase in imports from the UK due to U.S. consumers' preference for UK goods leads to an increase in imports (M) in the national income accounting identity. As imports are subtracted in the aggregate demand (AD) equation, an increase in imports reduces AD. This causes a downward shift of the IS curve, leading to a decrease in U.S. GDP in the short run.
(d) The government launches a large-scale investment project to improve the bridges along the Mississippi:
A large-scale government investment project leads to an increase in government spending (G) in the national income accounting identity. The increase in government spending directly increases aggregate demand (AD). This upward shift of the IS curve results in an increase in U.S. GDP in the short run, as government investment stimulates economic activity and expenditure.
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services that primarily meet the needs of other businesses, including professional, financial, and transportation services.
The services that primarily meet the needs of other businesses are known as business-to-business (B2B) services.
These services include professional services, financial services, and transportation services, among others.
Professional services:
Professional services are the services provided by professionals with specialized knowledge and training. Examples of professional services are legal services, accounting services, consulting services, and engineering services.
Financial services:
Financial services refer to services provided by financial institutions such as banks, credit unions, investment companies, and insurance companies. These services include deposit accounts, loans, investment products, insurance policies, and financial planning services.
Transportation services:
Transportation services include the movement of people and goods from one place to another.
Examples of transportation services are freight services, logistics services, and delivery services. These services may include land, sea, and air transport. The B2B services market is growing rapidly, with more and more businesses outsourcing non-core services to specialized service providers.
The B2B services market is expected to continue to grow as businesses seek to reduce costs and improve efficiency.
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1. Assess the foundations of effective management of change in implementation of corporate strategy.
2. Organizational structure is an effective tool in enlisting the success of corporate strategy. Justify the statement.
Foundations of effective management of change in implementing corporate strategy: leadership commitment, clear communication, stakeholder engagement, change management team, training, continuous evaluation.
Effective change management requires committed leadership, clear communication, engaging stakeholders, dedicated change management teams, appropriate training, and continuous evaluation to ensure successful implementation of corporate strategy.
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Peyton began the year with a $100,000 basis, and a 40% ownership position, in a partnership. During the year, the partnership had $200,000 taxable income and $20,000 tax-exempt income. At the end of the year, the partnership liquidates Peyton’s ownership share giving Peyton $200,000 cash. How much capital gain or loss does Peyton realize on this partnership liquidation?
No gain or loss is realized
$12,000 capital gain
$120,000 capital gain
$120,000 capital loss
No gain or loss is realized on the partnership liquidation,because the cash received is equal to Peyton's basis.
In this scenario, Peyton's basis in the partnership is $100,000, and at the end of the year, Peyton receives $200,000 cash as a result of the partnership liquidation. However, the gain or loss on the liquidation is determined by comparing the amount received to Peyton's basis.
Peyton's basis in the partnership is not affected by the partnership's taxable income or tax-exempt income. Therefore, the $200,000 cash received upon liquidation does not result in a gain or loss for Peyton because it is equal to Peyton's basis. Since the cash received is equal to Peyton's initial investment, there is no change in Peyton's economic position, and no gain or loss is realized.
In summary, Peyton does not realize any capital gain or loss on the partnership liquidation because the cash received is equal to Peyton's basis.
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Short Sell on Futures Susan shorts a futures contract today. Which of the following is most likely to be true? Select one alternative: She receives a premium today for shorting the futures. None of the above. She agrees to sell the asset at a fixed price at a future date on the OTC. She will get dividends on the underlying asset.
None of the aforementioned. Susan effectively agrees to sell the asset at a defined price at a later time when she shorts a futures contract.
Since the premium for a futures contract is paid by the buyer, shorting a futures contract does not require getting it today. Since dividends are normally paid to the owner of the underlying asset rather than the holder of the futures contract, shorting a futures contract also excludes one from earning dividends on the underlying asset. Over-the-counter (OTC) markets are less widely used for shorting futures contracts than organised exchanges. The statement "None of the above" is therefore the most likely to be accurate.
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Suppose a furniture dealer offers to sell you a $5,000 bedroom suite on the following terms: Make no payment for six months, then pay $450 per month for 12 months. What rate of interest (APR) is being extended?
A. 0.67%
B. 8.09%
C. 8.04%
The interest rate (APR) being extended by the furniture dealer is approximately 8.09%. B is the correct option.
To determine the APR being extended, we can use the formula for APR calculation based on equal monthly payments:
APR = [(Total Payments - Principal) / Principal] × (12 / Number of Months) × 100
In this case, the principal amount is $5,000, the total number of months is 18 (6 months with no payment + 12 months of $450 payments), and the total payments made over the period is $450 × 12 = $5,400.
APR = [($5,400 - $5,000) / $5,000] × (12 / 18) × 100
≈ 8.09%
Therefore, the APR being extended by the furniture dealer is approximately 8.09% (option B).
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Suppose the following transaction takes place. An Australian gives the shares of Apple company 5 stocks worth Atusz.000 that hif had as a gift to an American friend in the U.S.
For Australia, this counts as a____ credit, and_____debit
This transaction____the external wealth of Australia
For Australia, this transaction counts as a capital outflow and a credit. It does not affect the external wealth of Australia.
In this transaction, an Australian gives 5 stocks of Apple company worth A$2,000 as a gift to an American friend in the U.S. For Australia, this transaction represents a capital outflow because assets (the Apple stocks) are being transferred out of the country. Since it is a capital outflow, it is recorded as a credit entry in the balance of payments accounts.
The balance of payments accounts tracks the economic transactions between residents of one country and residents of other countries. In this case, since the Australian is giving stocks to an American, it is considered a transaction between residents of different countries.
However, it's important to note that this transaction does not directly impact the external wealth of Australia. External wealth refers to the net assets owned by residents of a country in foreign countries. While the stocks are leaving Australia, the transfer is a gift and does not involve any financial gain or loss for Australia as a whole. The transaction represents a redistribution of assets between individuals rather than a change in the overall external wealth of the country.
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Imagine, you are planning to start a new small, home-based business. You are going to make
and sell a single item.
What is the item that your business will sell?
Assumptions: • You are starting your business next month, so currently you have no beginning inventory of finished goods or raw materials. Also, there is no beginning balance for accounts
payable or accounts receivable. • All the manufacturing costs you incur for your business falls under any one of the two
categories: direct material (DM or MOH. (Remember indirect material part of MOH) • To calculate the DM cost for your product, find out a simple recipe for the product you are planning to sell. You MUST NOT visit any physical store to collect any data. All information must be collected from the internet. If you can't find any information you
need on the internet, make reasonable guesses. • For each of your direct material fill out the following table. Make more copies of the table
if necessary. You need to have a separate table for each direct material.
The item that my home-based business will sell is homemade scented candles.
I have chosen to start a small, home-based business selling homemade scented candles. Candles are a popular and versatile product that can be enjoyed for their aesthetic appeal, fragrance, and soothing ambiance. With the increasing demand for unique and personalized home decor items, scented candles offer an opportunity to tap into a niche market.
To calculate the direct material cost for my product, I would research a simple recipe for making scented candles online. This would involve finding information on the type of wax, wicks, fragrance oils, and other materials needed. By gathering this information, I can estimate the cost of each direct material and create a table to track the expenses.
The manufacturing costs for my business would primarily fall under the category of direct material (DM). This includes the actual materials used in the production of the candles, such as wax, fragrance oils, wicks, and any additional decorative elements.
By conducting thorough research and making reasonable estimates, I can determine the cost of each direct material and calculate the total manufacturing cost for my homemade scented candles. This information will be crucial in pricing the product competitively and ensuring profitability for my home-based business.
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Caterpillar, Inc. purchased four diesel engines from a manufacturer in Japan. The engines were needed immediately as replacements so that the crews could get back to work. The import manager knew that the engines did not comply with the Environmental Protection Agency emissions standards, but hoped that the U.S. Customs officers would not inspect the engines. The customer service manager threatened to call Customs and tell them that he paid their salary and they darn well better release the goods now.
The Customs officer explained that they were very busy, and it might take more than 24 hours to obtain release of the engines. When informed of this fact, the import manager offered the customs official $500 to sign off on the documents.
Analyze the legal and ethical ramifications of the purchasing manager's offer to the customs official.
Assume that the goods were not being inspected. Would it make a difference if the purchasing manager offered to donate $500 to Ronald McDonald House Charities if the officer expedited the paperwork necessary to release the goods from custom's custody?
The purchasing manager offer to the customs official raises both legal and ethical concerns. From a legal standpoint, offering a bribe to a government official is illegal and violates anti-corruption laws.
Such actions can result in severe penalties, including fines and potential imprisonment. Moreover, attempting to bypass the emissions standards by intentionally avoiding inspection further violates environmental regulations.
Ethically, the purchasing manager's offer is highly problematic. It reflects a lack of integrity, honesty, and respect for the law. Bribing a customs official undermines the principles of fairness and equality in trade. It creates an unfair advantage for Caterpillar, Inc. by circumventing regulations that are meant to protect public health and the environment.
In the second scenario, where the purchasing manager offers to donate $500 to a charitable organization in exchange for expediting the paperwork, the ethical concerns remain. While the intention to donate to a charitable cause may seem more altruistic, it does not justify attempting to influence a customs official through bribery. Such actions still undermine the integrity of the customs process and perpetuate a culture of corruption. Regardless of the intended recipient of the money, the act of bribery remains ethically problematic and legally unacceptable.
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On Marchy, 2020 , Quinto Mining Inc. Issued a $700,000,9%, three-year bond. Interest is payable semiannually beginning September 1. 2020 . Required: Part 1 a. Calculate the bond issue price assuming a market interest rate of 8% on the date of issue, (Do not round intermediate calculatlons. Round the finat answer to nearest whole dollar.) b. Using the efiective interest method, prepare an amortizotion schediule. (Do not round intermediate calcuiations, Round the finat answers fo nearest whole dollar. Enter. III the amounts as positive values.) c. Record the entries for the issuance of the bond on March 1. the adjusting entry to accrue bond interest and related amortization on April 30, 2020, Quinto's year-end, and the payment of interest on September 1, 2020. (Do not round intermediate calculations. Round the ftnal answers to nearest whole dollar.) Part 2 a. Calculate the bond issue price assuming a market interest rate of 10.0% on the date of issue. (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) b. Using the effective interest method, prepare an amortization schedule. (Do not round Intermedlate calculations. Round the fini answers to nearest whole dollar. Enter all the amounts as positive values.) c. Record the entries for the issuance of the bond on March 1; the adjusting entry to accrue bond interest and retated armortization on April 30, 2020, Quinto's year-end; and the payment of interest on September 1, 2020. d. Record the entries for the retirement of 30% of the bonds at 102 , on September 1,2020 , after the interest payment. Journal entry worksheet
a. The bond issue price assuming a market interest rate of 8% is approximately $671,514.
b. Using the effective interest method, an amortization schedule can be prepared to track interest expense and the reduction in carrying value over each period.
c. The entries for the issuance of the bond, interest accrual, interest payment, and bond retirement follow standard accounting principles for bond transactions.
Part 1:
a. The bond issue price can be calculated using the present value formula. The semiannual interest payment is $700,000 × 9% ÷ 2 = $31,500. The market interest rate is 8%, and the bond has a three-year term, resulting in six semiannual periods. Plugging these values into the present value formula, the bond issue price is approximately $671,514.
b. Using the effective interest method, an amortization schedule can be prepared by calculating the interest expense and the reduction in carrying value over each period. The interest expense for each period is based on the carrying value of the bond at the beginning of the period multiplied by the market interest rate of 8%. The reduction in carrying value is the difference between the interest expense and the cash payment of $31,500. The carrying value decreases over time, reflecting the amortization of the bond discount.
c. The entries for the issuance of the bond on March 1 would include a debit to Cash for $671,514 and a credit to Bonds Payable for $700,000. The adjusting entry on April 30 would include a debit to Bond Interest Expense for $11,161 (interest expense for two months) and a credit to Bond Interest Payable for $11,161. The payment of interest on September 1 would include a debit to Bond Interest Payable for $31,500 and a credit to Cash for $31,500.
Part 2:
a. Similarly, the bond issue price can be calculated using the present value formula. With a market interest rate of 10% and a three-year term, the bond issue price is approximately $646,654.
b. The amortization schedule is prepared using the effective interest method, calculating the interest expense and the reduction in carrying value for each period based on the market interest rate of 10%.
c. The entries for the issuance of the bond, the adjusting entry on April 30, and the payment of interest on September 1 would follow the same pattern as in Part 1.
d. The entry for the retirement of 30% of the bonds at 102 on September 1 would include a debit to Bonds Payable for $210,000 (30% × $700,000), a debit to Premium on Bonds Payable for $21,000 ($210,000 × 10%), a credit to Cash for $218,400 ($210,000 × 102%), and a credit to Gain on Retirement of Bonds for $27,600 ($218,400 - $210,000 - $21,000).
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An engineer who believed in "save now and play later" wanted to retire in 20 years with $1.5 million. At 10% per year interest, to reach the $1.5 million goal, starting 1 year from now, the engineer must annually invest: a. $28,190 b. $89,680 c. $49,350 d. $26,190
To calculate the annual investment required to reach the retirement goal of $1.5 million in 20 years at an interest rate of 10% per year, we can use the formula for the future value of an ordinary annuity:
Future Value = Payment × [(1 + Interest Rate)^(Number of Periods) - 1] / Interest RateIn this case, the future value is $1.5 million, the interest rate is 10% per year, and the time period is 20 years.Since the payments start one year from now, there will be 19 payment periods.Plugging the values into the formula:$1,500,000 = Payment × [(1 + 0.10)^(19) - 1] / 0.10
Simplifying the equation, we can solve for the payment:
Payment = $1,500,000 × 0.10 / [(1 + 0.10)^(19) - 1]
Calculating this expression yields approximately $49,350.
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For benefit, calculate the financial cost, $ benefit, and ROI for an organization that would offer these benefits.
1 health insurance
2 Overtime pay
3 Paid vacation
4 Tuition Reimbursement
5 Paid Holidays
-Calculate and explain the financial cost of each need for the company
-Assume you make $32/hour + 25% for benefits, for a total cost of $40 (equals your productivity)
Calculate ROI for each need/benefit and the ROI for your compensation with the organization
To calculate the financial cost, $ benefit, and ROI for each of the mentioned benefits, let's consider the following information:
Hourly wage: $32/hourAdditional 25% for benefitsTotal cost per hour: $40 (including benefits)Total working hours per year: 2,080 hours (40 hours/week * 52 weeks/year)Health Insurance:Financial Cost: The cost of providing health insurance varies widely based on factors such as the size of the organization, the type of plan, and the region. Let's assume an average cost of $6,000 per employee per year.$ Benefit: The benefit to the employee is the coverage and access to medical services. It's challenging to assign a specific dollar value to this benefit as it varies based on individual needs.ROI: To calculate the ROI, we need additional information on the company's healthcare expenses and the impact of the insurance on employee productivity and well-being.Learn more about financial cost here : brainly.com/question/31452883
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in a _______ merger, the shares in the disappearing corporation are automatically converted into shares in the surviving cash
In a stock-for-stock merger, the shares in the disappearing corporation are automatically converted into shares in the surviving corporation.
In a stock-for-stock merger, the acquiring company or the surviving corporation offers its own shares as consideration to the shareholders of the target or disappearing corporation. The shareholders of the disappearing corporation receive a predetermined number of shares of the surviving corporation for each share they own in the disappearing corporation. The exchange ratio is typically based on the relative values or prices of the two companies' shares.
This type of merger allows the shareholders of the disappearing corporation to become shareholders of the surviving corporation, maintaining their ownership interest in the combined entity. The shareholders effectively exchange their shares in the disappearing corporation for shares in the surviving corporation, with the value of the shares received being determined by the exchange ratio.
Stock-for-stock mergers are a common form of merger, especially when the two companies involved have complementary operations or strategic objectives. It allows for a combination of resources, expertise, and market presence while providing shareholders of the disappearing corporation with ongoing ownership in the merged entity.
It's worth noting that there are other types of mergers, such as cash mergers or mixed mergers, where the consideration may involve a combination of cash and stock. The specific structure and terms of a merger depend on various factors, including the negotiated agreement between the companies and the applicable regulatory requirements.
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an administered vertical marketing system refers to a marketing system
Answer:
An administered vertical marketing system refers to a marketing system where a dominant channel member, typically a manufacturer or a large retailer, coordinates and directs the marketing activities of other channel members to achieve overall system goals.
Explanation:
In an administered vertical marketing system, the dominant channel member exercises a significant level of control over the marketing decisions of other participants in the channel. This control can be exerted through various means, such as setting standards, providing guidelines, offering incentives, or utilizing their market power.
Unlike a contractual vertical marketing system, where coordination is achieved through contractual agreements, an administered system relies more on the dominant member's influence and power to achieve coordination and cooperation among channel participants.
This type of marketing system is often seen in industries where a strong manufacturer or retailer holds a significant market position and can leverage its influence to align the marketing efforts of other channel members, ensuring a consistent and coordinated approach to reach the target market.
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How can we evaluate the potential implication of the
remuneration structure of the CEO for the financial reporting of
the group, when you look at the annual financial report of the
company?
When evaluating the potential implications of the CEO's remuneration structure for the financial reporting of a group, there are a few key considerations to examine within the annual financial report.
Firstly, it is important to analyze the disclosure of executive compensation policies and practices, including the specific components of the CEO's remuneration package such as base salary, bonuses, stock options, or performance-based incentives. This can provide insights into potential incentives or motivations that may impact financial reporting decisions.
Additionally, examining the company's financial statements and footnotes can shed light on any potential impacts of the remuneration structure. For example, if there are significant expenses related to executive compensation, such as stock-based compensation, it may affect the reported earnings or diluted earnings per share.
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Swenson Motors has total debt of \( \$ 682,000 \) and a debt-equity ratio of \( 0.65 \). What is the value of the total assets?
If Swenson Motors has total debt of \( \$ 682,000 \) and a debt-equity ratio of \( 0.65 \). The value of the total assets is $1,049,230.77.
Debt of $682,000 and a debt-equity ratio of 0.65. We are to calculate the value of the total assets. To identify the value of total assets, we can use the Debt-asset ratio formula which is;
Debt-Asset ratio = Total Debt / Total Assets
We can rearrange this formula as follows;
Total Assets = Total Debt / Debt-Asset ratio
We know that the debt-equity ratio is the same as Debt-Asset ratio because the sum of debts and equity is equal to the total assets, thus;
Debt-Asset ratio = Debt / Total Assets + Equity / Total Assets = Debt + Equity / Total Assets = Debt-equity ratio
Therefore, we can re-write the above formula as follows;
Total Assets = Total Debt / Debt-Equity ratio= 682,000 / 0.65= $1,049,230.77
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Big Rig Delivery Service has the following plant assets: Communications Equipment: Cost, $3,840 with useful life of 8 years; Delivery Equipment: Cost, $17,712 with useful life of 12 years; and Computer: Cost, \$12,960 with useful life of 4 years. Assume the residual value of all the assets is zero and the straight-line method is used.
a debit to Depreciation Expense - Equipment of $5,196
b credit to Depreciation Expense - Equipment of $5,196
c debit to Accumulated Depreciation - Equipment of $433
d credit to Accumulated Depreciation - Equipment of $433
The correct entry for recording the depreciation expense on the equipment of Big Rig Delivery Service is option b: credit to Depreciation Expense - Equipment of $5,196.
Depreciation expense is recorded to allocate the cost of a plant asset over its useful life.
In this case, the straight-line method is used, which evenly spreads the cost of the asset over its useful life. The annual depreciation expense for each asset can be calculated by dividing the cost by the useful life.
For the Communications Equipment:
Depreciation Expense - Communications Equipment = Cost / Useful Life
Depreciation Expense - Communications Equipment = $3,840 / 8 = $480 per year
For the Delivery Equipment:
Depreciation Expense - Delivery Equipment = Cost / Useful Life
Depreciation Expense - Delivery Equipment = $17,712 / 12 = $1,476 per year
For the Computer:
Depreciation Expense - Computer = Cost / Useful Life
Depreciation Expense - Computer = $12,960 / 4 = $3,240 per year
To find the total depreciation expense, we add up the depreciation expenses for each asset:
Total Depreciation Expense = $480 + $1,476 + $3,240 = $5,196
Since depreciation expense is an expense account, it is increased by a credit entry. Therefore, we credit Depreciation Expense - Equipment for the total depreciation expense amount of $5,196.
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So on 1 October 2021, Ham acquired an item of plant under a four-year lease agreement. The present value of the lease payments was £30 million. The agreement had an implicit finance cost of 8% per annum and required an immediate deposit of £3 million and annual rentals of £8 million paid on 30 September each year for four years.
What would be the non-current liability for the leased plant in Ham's statement of financial position as at 30 September 2022?
A £6,307,200
B £14,852,800
C £18,352,000
D £21,160,000
The non-current liability for the leased plant in Ham's statement of financial position as at 30 September 2022 would be approximately £20,394,558.
What would be the non-current liability for the leased plant in Ham's statement of financial position as at 30 September 2022?
To determine the non-current liability for the leased plant in Ham's statement of financial position as of 30 September 2022, we need to calculate the present value of the remaining lease payments.
Given information:
- Lease agreement duration: Four years
- Present value of lease payments (as of 1 October 2021): £30 million
- Implicit finance cost: 8% per annum
- Immediate deposit: £3 million
- Annual rentals: £8 million, paid on 30 September each year
To find the non-current liability for the leased plant as of 30 September 2022, we need to calculate the present value of the remaining three lease payments.
Calculate the present value of the remaining lease payments:PV of the annual rentals for three years:
PV = Annual rental payment / (1 + interest rate) ^ number of years
PV = £8 million / (1 + 0.08) ^ 3
PV ≈ £6,605,442
Calculate the non-current liability:Non-current liability = Present value of the lease payments - Immediate deposit
Non-current liability = (£30 million - £3 million) - £6,605,442
Non-current liability ≈ £20,394,558
Therefore, the non-current liability for the leased plant in Ham's statement of financial position as at 30 September 2022 would be approximately £20,394,558.
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Steve and Stephanie Pratt purchased a home in Spokane, Washington, for $400,000. They moved into the home on February 1 of year 1. They lived in the home as their primary residence until June 30 of year 5, when they sold the home for $700,000. (Leave no answer blank. Enter zero if applicable.)
a. What amount of gain on the sale of the home are the Pratts required to include in taxable income?
The amount of gain on the sale of the home are the Pratts required to include in taxable income.The amount of gain on the sale of the home are the Pratts required to include in taxable income is $180,000.
The gain realized from the sale of a primary residence is referred to as the home sale exclusion. The home sale exclusion allows you to exclude the profit you earned from the sale of your primary residence from your taxable income if you fulfill the eligibility criteria.
If you lived in the home as your primary residence for at least two of the previous five years before the sale and meet other requirements. The Pratts meet these eligibility criteria as they have lived in their house as their primary residence for over two years.
They also have not claimed an exclusion on another home sale within two years of the sale of this home. The home's basis is its original cost, which is $400,000. The amount of gain on the sale of the home are the Pratts required to include in taxable income is $180,000.
This is because they are eligible to exclude up to $500,000 of gain from the sale of their primary residence, and their gain was $300,000 more than the $500,000 exclusion.
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Ben Schmidt, a retired military attaché with considerable experience in the Middle East, was hired by a large German computer software company to represent it in a number of Persian Gulf countries. Having received an introduction from a mutual acquaintance, Ben arranged to meet with Mr. Saade, a wealthy Lebanese industrialist, to discuss the prospects of a joint venture between their companies. Having spent many years in the Middle East, Ben knew that they would have to engage in considerable small talk before they would get down to business. They talked about the weather, Ben’s flight from Berlin, and their golf games. Then Saade inquired about the health of Ben’s elderly father. Without missing a beat, Ben responded that his father was doing fine, but that the last time he saw his father at the nursing home several months ago he had lost a little weight. From that point on, Saade’s demeanor changed abruptly from warm and gracious to cool and aloof. Though the rest of the meeting was cordial enough, the meeting only lasted another two hours, and Ben was never invited back for further discussions on the joint venture.
1. Where did Ben go wrong?
2. How could you help Ben better understand this cross-cultural problem?
3. Use intercultural theories to explain it and support your discussion.
4. What would be your advice to Ben?
Discussing his 1. father's weight loss, 2. It would be helpful with insights into the cultural norms 3. Can be explained using intercultural theories. 4. familiarize the norms and practices of the Persian Gulf countries.
1. Ben went wrong by discussing his father's weight loss in the context of a nursing home visit during small talk with Mr. Saade.
2. To help Ben better understand this cross-cultural problem, it would be helpful to provide him with insights into the cultural norms and sensitivities of the Persian Gulf countries, specifically regarding discussions about health and aging. Ben should be aware that in some cultures, discussing personal matters, especially negative aspects such as health problems, can be considered inappropriate or even taboo in certain contexts. It is essential to prioritize cultural sensitivity and adapt one's communication style accordingly.
3. This situation can be explained using several intercultural theories. One relevant theory is the concept of high-context versus low-context cultures. In high-context cultures, such as those in the Middle East, much meaning is conveyed through nonverbal cues and indirect communication. Discussions often revolve around building rapport and establishing trust before addressing business matters. Ben's immediate response about his father's weight loss might have been seen as a breach of social norms, as it introduced a potentially negative topic into the conversation.
4. My advice to Ben would be to familiarize himself with the cultural norms and practices of the Persian Gulf countries before engaging in business discussions. He should focus on building a strong rapport with potential partners by demonstrating respect, patience, and sensitivity to cultural nuances.
Avoiding topics related to personal matters, especially negative ones, during initial small talk is advisable. Instead, Ben could engage in conversations about shared interests, business achievements, or general positive aspects. By adapting his communication style and being mindful of cultural differences, Ben can enhance his chances of successful cross-cultural business interactions in the future.
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Which of the following statements about qualified business income (loss) in relation to QBID is correct?
A.If the net amount of qualified income, gain, deduction, and loss is greater than zero, the deduction must be carried over to the next year.
B.If the net amount of qualified income, gain, deduction, and loss is less than zero, the loss must be carried back to the prior year.
C.If the net amount of qualified income, gain, deduction, and loss is less than zero, the loss must be carried over to the next year.
D.The net amount of qualified income, gain, deduction, and loss is always greater than zero
The correct statement about qualified business income (loss) in relation to QBID is If the net amount of qualified income, gain, deduction, and loss is less than zero, the loss must be carried over to the next year.The correct answer is option (C).
Under the Qualified Business Income Deduction (QBID), if a taxpayer's total qualified business income, gains, deductions, and losses result in a negative value (a loss), it is referred to as a negative qualified business income (QBI) or qualified business loss. In this case, the loss is not carried back to the prior year (option B), but it is carried over to the next year (option C).
Carrying over the loss to the next year allows the taxpayer to offset future taxable income with the loss amount, reducing their tax liability in future years. This provision provides a potential benefit to taxpayers who experience losses in their qualified businesses and enables them to utilize those losses in subsequent years when they generate positive QBI.Hence, option (C) is the correct answer.
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these employee assignments show a job design strategy of ___________. A) specialization B) enrichment C) rotation D) enlargement
The employee assignments provided indicate a job design strategy of specialization. The option A is correct.
The job design strategy of specialization involves assigning employees to specific tasks or roles based on their expertise and skills. It aims to increase efficiency and productivity by allowing individuals to focus on specific areas where they have specialized knowledge or abilities. In the given employee assignments, if employees are assigned to perform specific tasks or functions that align with their specialized skills or knowledge, it indicates a specialization strategy.
Specialization helps employees become highly proficient in their assigned tasks, as they can develop deep expertise and knowledge in their specialized areas. It allows them to perform their work more efficiently and effectively, leading to increased productivity and quality. Specialization can also streamline processes and reduce errors or inconsistencies that may arise from multi-skilled or generalist approaches. However, it's important to ensure that there is adequate coordination and communication between specialized roles to maintain a cohesive workflow.
In contrast, other job design strategies like job enrichment, rotation, or enlargement involve different approaches. Job enrichment aims to enhance employee motivation and satisfaction by providing additional challenging tasks or responsibilities. Job rotation involves periodically moving employees across different roles or functions to broaden their skills and perspectives. Job enlargement refers to expanding job responsibilities by adding more tasks or duties to an existing role. Therefore , option A is correct.
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The four mentioned terms are strategies used in job design: specialization (or division of labor), enrichment (making a job more rewarding), rotation (swapping roles to develop skills), and enlargement (adding tasks to given job). Which one being referred to would depend on the nature of the assignments being discussed.
Explanation:In relation to the provided options A) specialization, B) enrichment, C) rotation, and D) enlargement, these are all strategies concerning job design in an organization. Specialization, also known as division of labor, is where job tasks are divided into individual components and each task is assigned to a specific individual or group. This is used to increase efficiency as each member becomes highly skilled at their specific task.
Job enrichment is the process of making a position more inspiring, interesting, and satisfying through expanding and enriching job tasks and roles. This could involve employees being given more decision-making authority, or being challenged with more complex tasks.
Job rotation involves moving employees between different tasks to promote experience and variety. This is intended to keep employees motivated and develop their skills.
Last one is job enlargement, it is an approach to job design that attempts to increase the number of tasks associated with a certain job to overcome employee dissatisfaction with repetitive work patterns.
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Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 76,000. SunTime’s December 31, 20X1, trial balance in SFr is as follows: Debit Credit Cash SFr 7,600 Accounts Receivable (net) 23,500 Receivable from Popular Creek 5,900 Inventory 27,500 Plant & Equipment 101,000 Accumulated Depreciation SFr 10,600 Accounts Payable 13,900 Bonds Payable 52,500 Common Stock 76,000 Sales 142,500 Cost of Goods Sold 72,500 Depreciation Expense 10,600 Operating Expense 31,500 Dividends Paid 15,400 Total SFr 295,500 SFr 295,500
Additional Information The receivable from Popular Creek is denominated in Swiss francs. Its books show a $4,307 payable to SunTime. Purchases of inventory goods are made evenly during the year. Items in the ending inventory were purchased November 1. Equipment is depreciated by the straight-line method with a 10-year life and no residual value. A full year’s depreciation is taken in the year of acquisition. The equipment was acquired on March 1. The dividends were declared and paid on November 1.
Exchange rates were as follows: SFr $ January 1 1 = 0.80 March 1 1 = 0.77 November 1 1 = 0.74 December 31 1 = 0.73 20X1 average 1 = 0.75 The U.S. dollar is the functional currency.
Required: a. Prepare a schedule remeasuring the December 31, 20X1, trial balance from Swiss francs to dollars. (If no adjustment is needed, select 'No entry necessary'.)
Remeasuring the December 31, 20X1, trial balance from Swiss francs to dollars: The remeasured trial balance in U.S. dollars would be $215,355.
To remeasure the December 31, 20X1, trial balance from Swiss francs to dollars, we need to convert each account balance to dollars using the exchange rates provided. The schedule would look like this:
- Cash: SFr 7,600 = $5,548
- Accounts Receivable (net): SFr 23,500 = $17,155
- Receivable from Popular Creek: SFr 5,900 = $4,307
- Inventory: SFr 27,500 = $20,025
- Plant & Equipment: SFr 101,000 = $77,770
- Accumulated Depreciation: SFr (10,600) = ($8,182)
- Accounts Payable: SFr 13,900 = $10,147
- Bonds Payable: SFr 52,500 = $38,325
- Common Stock: SFr 76,000 = $55,480
- Sales: SFr 142,500 = $103,725
- Cost of Goods Sold: SFr 72,500 = $52,925
- Depreciation Expense: SFr 10,600 = $8,182
- Operating Expense: SFr 31,500 = $22,995
- Dividends Paid: SFr 15,400 = $11,262
Total: SFr 295,500 = $215,355
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Imagine the hurdles organisations face when co-workers work in other time zones or even other nations. Discuss the complexity facing human resource management in the coordination of a geographically dispersed workforce.
With the advent of globalization, geographic distance is no longer a limiting factor when it comes to human resource management. A geographically dispersed workforce, on the other hand, poses some logistical difficulties for HR managers is communication barrier, technological Issues, different time zones, and collaboration and cooperation.
Hurdles that organisations face when co-workers work in other time zones or even other nations are given below:
Communication barrier. Language differences, communication time lags, and cultural barriers are some of the most frequent communication obstacles encountered by remote workers and their managers. Communication and cultural norms can differ greatly across nations, making it difficult for employees in various areas to stay on the same page and get things done quickly.Technological Issues. Technology has enabled geographically dispersed teams to operate collaboratively and efficiently. There are, however, technical issues such as video conference delays, poor quality audio, and unstable internet connections that impede the progress of geographically dispersed workers.Different time zones and work-life balance. Geographically dispersed teams may have members working in various time zones, which can be difficult for the human resources department. This issue might result in schedule conflicts and missed meetings, making it difficult for the team to collaborate effectively and efficiently. The human resource department must also consider employees' work-life balance while working with geographically dispersed teamsCollaboration and cooperation. The human resource department must foster collaboration and cooperation among geographically dispersed workers. This necessitates the implementation of innovative teamwork tactics and the creation of a corporate culture that values and rewards collaboration and teamwork. The human resource department can use employee engagement tools and techniques to cultivate a sense of belonging and involvement among geographically dispersed workers.Learn more about organisations at https://brainly.com/question/19334871
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