Globalization, innovation, and sustainability play significant roles in supply chain management, shaping its practices and generating practical impacts. Let's explore each of these factors individually:
Globalization:
Globalization refers to the increasing interconnectedness and integration of economies worldwide. It has transformed supply chain management by expanding markets, creating new sourcing opportunities, and enabling the exchange of goods and services across borders. The impacts of globalization on supply chain management include:
a. Expanded market reach:
Globalization allows companies to access larger customer bases in different regions, increasing the potential for growth and profitability.
b. Offshoring and outsourcing:
Globalization has facilitated the relocation of manufacturing and service operations to countries with cost advantages. Companies can leverage lower labor costs, access specialized expertise, and diversify their supply base.
c. Increased complexity:
Global supply chains are often more complex due to longer distances, multiple intermediaries, and diverse regulatory environments. Managing these complexities requires robust strategies, technology solutions, and effective risk management.
Innovation:
Innovation drives advancements in supply chain management practices, processes, and technologies. By adopting innovative approaches, organizations can enhance operational efficiency, responsiveness, and customer satisfaction. The impacts of innovation on supply chain management include:
a. Technology integration:
Innovations such as the Internet of Things (IoT), artificial intelligence (AI), big data analytics, and blockchain offer opportunities for real-time visibility, predictive analytics, and streamlined operations. These technologies enable better decision-making, optimization of inventory and transportation, and improved traceability.
b. Collaboration and information sharing:
Innovative platforms and systems facilitate collaboration among supply chain partners, enabling better coordination, faster information exchange, and improved responsiveness to market dynamics.
c. Agile and flexible operations:
Innovation allows supply chains to become more agile and adaptable to changing customer demands, disruptions, and market trends.
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Canada Company needs to purchase a property to build their headquarters. An investor is willing to exchange land with a market value of $700,000 for shares of common stock. On the statement of cash flows, this transaction would be shown as part of A. non-cash investing and financing activities B. investing activities C. financing activities D. operating activities
Non-cash investing and financing activities.
This transaction would be shown as part of non-cash investing and financing activities because it involves an exchange of land for shares of common stock, which does not involve the use or receipt of cash. Non-cash investing and financing activities reflect transactions that have an impact on the company's investing and financing activities but do not involve the direct use or receipt of cash.
In the statement of cash flows, cash flows are categorized into three main activities: operating activities, investing activities, and financing activities. Operating activities involve cash flows related to the core operations of the business, such as revenue generation and expenses. Investing activities involve cash flows from the acquisition or disposal of long-term assets. Financing activities involve cash flows from raising capital or repaying debts. Since the given transaction involves an exchange of land for shares, which does not involve cash, it would be categorized as a non-cash investing and financing activity.
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Summarize three things learned from chapter 11 in BARINGER, PREPARING EFFECTIVE BUSINESS PLANS, 2ND and how you would use this information to create your business plan or use this information to assist with your business needs.
Chapter 11 of "Baringer, Preparing Effective Business Plans, 2nd Edition" provides valuable insights into three key aspects: market analysis, competitive analysis, and financial projections. Understanding these concepts is crucial for creating a comprehensive and successful business plan.
Market analysis is the process of examining the target market, identifying customer needs, and evaluating market trends. From Chapter 11, one can learn how to conduct market research, analyze customer demographics, and evaluate the potential demand for a product or service. This information is vital for shaping the business plan, determining the target market size, and designing marketing strategies that resonate with the identified customer base.
Competitive analysis is another significant aspect covered in Chapter 11. It involves assessing direct and indirect competitors, identifying their strengths and weaknesses, and understanding their market positioning. By studying this chapter, one can gain insights into how to conduct a thorough competitive analysis, differentiate the business from competitors, and develop strategies to gain a competitive edge. This knowledge is invaluable when formulating a business plan that highlights the unique selling proposition and positions the business effectively in the market.
Financial projections are essential for forecasting the financial performance of the business. Chapter 11 delves into techniques for preparing financial projections, including income statements, cash flow statements, and balance sheets. Understanding these concepts enables one to create realistic financial forecasts, estimate revenues and expenses accurately, and evaluate the financial viability of the business idea. This information is crucial for investors, lenders, and stakeholders when assessing the potential profitability and sustainability of the business.
Utilizing the information from Chapter 11, one can incorporate market analysis, competitive analysis, and financial projections into their business plan effectively. By conducting thorough market research and analyzing customer demographics, the business plan can be tailored to meet the needs of the target market. The competitive analysis helps in identifying unique selling points and devising strategies to outperform competitors.
Finally, financial projections provide a clear picture of the expected financial performance, assisting in budgeting, investment planning, and attracting potential investors. Applying these insights ensures that the business plan is comprehensive, well-informed, and capable of addressing the specific business needs effectively.
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The company sells products to clients on credit(payment next year).What is the impact of this transaction on net income and cash of the current year?
When a company sells products to clients on credit, there is no impact on the net income of the current year since it has not yet received the cash payment.
However, it will increase the accounts receivable account, which represents the amount owed by customers to the company for products or services sold on credit. Therefore, the impact on cash of the current year is zero. It is only affected in the year following the sale when the customer makes the payment.Net income is the amount of money a business makes after accounting for all expenses. It is calculated by subtracting all the expenses of the company from the total revenue.
The company's net income is affected by the expenses, sales, and revenue of the business. The sale of products on credit has no effect on the net income of the current year as it is yet to receive payment for those sales. The company would only record the sale as revenue in the current year.
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temporary tax cuts enacted by congress to fight a recession are considered to be:_____.
Temporary tax cuts enacted by Congress to fight a recession are considered part of fiscal policy, which involves government decisions on taxation, expenditure, and borrowing to regulate the economy.
Temporary tax cuts that are enacted by Congress to fight a recession are considered to be fiscal policy.
What is fiscal policy?
Fiscal policy is a policy implemented by the government to regulate a nation's economy. The term "fiscal policy" refers to the government's decisions about taxation, expenditure, and borrowing. The government can use fiscal policy to regulate a nation's economy during times of inflation, recession, and other economic changes.
Temporary tax cuts that are enacted by Congress to fight a recession are considered to be fiscal policy. During a recession, the government can enact temporary tax cuts to increase disposable income, encourage consumer spending, and promote economic growth.
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The SMOG provisions do not apply to a full cost company that prepares the ceiling test each year.
O True
O False
False. The SMOG (Simplified Method for Oil and Gas) provisions do apply to a full cost company that prepares the ceiling test each year.
The SMOG provisions provide an alternative method for testing impairment of oil and gas properties under the full cost method of accounting. It allows companies to calculate the impairment based on the ratio of the present value of estimated future net cash flows to the carrying amount of the oil and gas properties. This method is used instead of the traditional full cost ceiling test.
It maintains a centralized database to store financial data securely. It organizes data into accounts, ledgers, and files, ensuring data integrity and accessibility. Users can retrieve and analyze data for various purposes,
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What’s the enterprise value of SoulBiking in year 2017?
Hint: Use the growth method, decompose EV into two parts. You will need to calculate the present value of FCFs from year 1 – 5, as well as the discounted residual value.
Select the best answer from the following:
a.) 576.5
b.) 812.0
c.) 1042.75
d.) 1138.45
The enterprise value of SoulBiking in year 2017 is c.) 1042.75.
The present value of FCFs from year 1 to 5 is calculated using the following formula:
[tex]PV = FCF / (1 + r)^t[/tex]
Where PV is the present value, FCF is the free cash flow, r is the discount rate, and t is the number of years.
The discounted residual value is calculated using the following formula:
[tex]DRV = FCF(terminal) / (1 + r)^n[/tex]
Where DRV is the discounted residual value, FCF(terminal) is the free cash flow in the terminal year, r is the discount rate, and n is the number of years to the terminal year.
In this case, the discount rate is 8%, the number of years to the terminal year is 5, and the free cash flow in the terminal year is $249.6.
Therefore, the enterprise value of SoulBiking is $747.79 + $294.96 = $1042.75
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(A.)Define Human Resource Management (HRM). (B.)What is Tort Law? Describe with an example (C.)Describe HR automation. (D.)What is diversity in HRM?
(A) HRM involves strategic workforce management, focusing on recruitment, selection, training, development, performance management, and employee relations. (B) Tort law involves personal injury claims and civil wrongs, involving legal remedies. (C) HR automation streamlines tasks, processes, and reduces manual effort to improve efficiency and accuracy in HR operations. (D) HRM involves managing diverse individuals from various backgrounds within the workforce.
(A.) Human Resource Management (HRM) is the strategic approach to managing an organization's workforce. It involves the effective utilization of employees to achieve organizational goals and objectives.
HRM encompasses various functions, including recruitment, selection, training and development, performance management, compensation, and employee relations. It aims to create a positive work environment that fosters employee productivity, satisfaction, and engagement.
Human Resource Management (HRM) is the strategic management of an organization's workforce, encompassing functions such as recruitment, training, performance management, and employee relations to achieve organizational goals and create a conducive work environment.
(B.) Tort law is a branch of civil law that deals with personal injury claims and civil wrongs committed by one party against another. It involves seeking legal remedies for harm caused by the negligent or intentional actions of individuals or organizations.
A tort occurs when one party's actions result in harm, injury, or loss to another party, leading to legal liability.
For example, let's consider a scenario where a customer slips and falls in a grocery store due to a wet floor that was not marked or cleaned up promptly. The customer suffers injuries and incurs medical expenses as a result.
In this case, the customer may file a tort claim against the grocery store, alleging negligence. The store could be held liable for failing to maintain a safe environment for its customers and may be required to compensate the injured party for their losses.
Tort law encompasses a wide range of situations, including personal injury claims, product liability, defamation, and more. It serves to protect individuals' rights and provide remedies for the harm caused by others' actions.
(C.) HR automation refers to the use of technology and software applications to streamline and automate various human resource management tasks and processes. It aims to reduce manual effort, enhance efficiency, and improve accuracy in HR operations.
HR automation can encompass a range of functions, including recruitment and applicant tracking, employee onboarding, performance management, payroll processing, benefits administration, and employee data management.
By implementing HR automation, organizations can simplify and expedite routine HR tasks, allowing HR professionals to focus on more strategic and value-added activities.
For example, automated applicant tracking systems can help streamline the recruitment process by sorting and filtering resumes based on predefined criteria, saving time and effort in manual screening. Similarly, automated payroll systems can calculate salaries, deductions, and tax withholdings accurately, reducing errors and ensuring timely and compliant payroll processing.
Overall, HR automation improves efficiency, reduces administrative burden, enhances data accuracy, and enables HR departments to contribute more strategically to organizational goals.
(D.) Diversity in HRM refers to the inclusion and management of individuals from diverse backgrounds, such as different genders, races, ethnicities, ages, religions, sexual orientations, and abilities, within the workforce.
It involves creating an inclusive work environment where all employees are valued, respected, and provided with equal opportunities for growth and development.
Diversity in HRM recognizes that a diverse workforce brings a wide range of perspectives, experiences, and ideas, which can foster innovation, creativity, and better decision-making within an organization.
It involves implementing policies and practices that promote fairness, equity, and inclusivity throughout the employee lifecycle, from recruitment and selection to training and development, performance management, and promotion.
Embracing diversity in HRM goes beyond legal compliance and fosters a culture of inclusivity, where individuals feel comfortable being themselves, regardless of their differences.
It requires organizations to address biases, promote diversity awareness and education, and actively support diversity initiatives to create a harmonious and productive work environment where everyone can thrive.
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T/F : You cannot have Quality Management if you don't have ISO 9001?
False. Having ISO 9001 certification is not a prerequisite for implementing quality management practices.
ISO 9001 is a widely recognized international standard for quality management systems, and obtaining certification demonstrates that an organization meets the requirements specified in the standard. While ISO 9001 provides a structured framework for implementing and maintaining quality management practices, it is not the only approach to quality management.
Quality management is a broader concept that encompasses various principles, methodologies, and tools aimed at ensuring consistent delivery of high-quality products or services. It focuses on meeting customer requirements, continuous improvement, and enhancing overall organizational performance.
Organizations can adopt and implement quality management principles and practices even if they do not pursue ISO 9001 certification. They may develop their own quality management systems or follow other industry-specific standards and guidelines.
Therefore, it is possible to have quality management practices in place without having ISO 9001 certification. Organizations can still strive for excellence in their processes, customer satisfaction, and continuous improvement by implementing effective quality management strategies and methodologies tailored to their specific needs and industry requirements.
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The following information is for United Corporation: a. Balance per the bank statement dated October 31,2014 is $35,850. b. Balance of the Cash account on the company books as of October 31,2014 is $28,600. c. Cheques written that had not cleared the bank by October 31,2014 were: #821:$1,050 #818:$1,050 #828:$1,150 #810:$1,100 d. Included with the bank statement was a $30 credit memorandum for interest earned on the bank account during the month. e. Bank deposit on October 31,2014 for $950 does not appear on the bank statement. f. Cheque #803, for office supplies in the amount of $482, was recorded in the Cash Disbursements Journal incorrectly as $4,882. g. Included with the bank statement was an NSF cheque for $550 that had been received from a customer in payment of his account. h. Bank service charges for the month amount to $30. Prepare a bank reconciliation statement as of October 31,2014 as well as the necessary adiustina inurnal entries
After making these adjustments, the bank reconciliation will be complete, and the adjusted bank balance should match the adjusted book balance of $28,630.
Bank Reconciliation Statement
As of October 31, 2014
Balance per bank statement: $35,850
Add: Deposit not recorded on the bank statement: $950
Adjusted bank balance: $36,800
Balance per company books: $28,600
Add: Credit memorandum for interest earned: $30
Adjusted book balance: $28,630
Cheques written but not cleared:
Cheque #821: $1,050
Cheque #818: $1,050
Cheque #828: $1,150
Cheque #810: $1,100
Total: $4,350
Less: Error in recording cheque #803: $4,400
Adjusted outstanding cheques: $0
Adjusted bank balance: $36,800
Adjusted book balance: $28,630
Bank service charges: $30
NSF cheque received: $550
Total deductions: $580
Adjusted bank balance after deductions: $36,220
To reconcile the bank statement balance with the book balance, the following adjusting journal entries should be made:
1. Record the deposit not appearing on the bank statement:
Debit: Cash $950
Credit: Bank Deposits $950
2. Correct the recording error for cheque #803:
Debit: Cash Disbursements $4,400
Credit: Cash $482
Credit: Office Supplies $4,882
3. Adjust for NSF cheque received:
Debit: Accounts Receivable $550
Credit: Cash $550
4. Adjust for bank service charges:
Debit: Bank Service Charges $30
Credit: Cash $30
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With regards to a firms product line, a cost leadership strategy would strive for _______ while a differentiation strategy would strive for ________.
Multiple Choice
a Wide variety; limited selection
b Broad cross section of the market; focused section of the market
c Limited selection; wide variety
d Focused section of the market; broad cross section of the market
e None of these answers are correct
The correct answer is: a) Wide variety; limited selection. A cost leadership strategy aims to provide products or services at a lower cost compared to competitors.
To achieve cost leadership, businesses often streamline their operations, optimize efficiency, and focus on economies of scale. Offering a wide variety of products may increase production and operational complexity, potentially leading to higher costs. Therefore, a cost leadership strategy typically emphasizes a limited selection of standardized products to minimize costs and maximize economies of scale.
On the other hand, a differentiation strategy focuses on offering unique and distinctive products or services that stand out in the market. This strategy aims to create a competitive advantage through features, quality, innovation, or customer experience.
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If a financial institution holds a relatively small reserve of liquid assets, it could be exposed to:
1. A bank run
2.An increase in the need for buffer reserves
3.A decrease in reserve ratios
4.Higher taxation rates
If a financial institution holds a relatively small reserve of liquid assets, it could be exposed to a bank run and an increase in the need for buffer reserves.
When a financial institution has a small reserve of liquid assets, it means that it has limited funds readily available to meet withdrawal requests from its depositors. This exposes the institution to the risk of a bank run. A bank run occurs when depositors lose confidence in the bank's ability to fulfill their withdrawal requests, leading to a mass withdrawal of funds. If the institution lacks sufficient liquid reserves to meet these demands, it may face insolvency.
Additionally, a small reserve of liquid assets increases the need for buffer reserves. Buffer reserves serve as a safety net to cover unexpected financial shocks or liquidity needs. When a financial institution lacks an adequate buffer reserve, it becomes vulnerable to disruptions in the financial market, such as economic downturns or sudden liquidity demands. This can jeopardize the institution's stability and solvency.
In conclusion, a financial institution with a small reserve of liquid assets is exposed to the risks of a bank run and an increased need for buffer reserves. It is crucial for such institutions to maintain sufficient reserves to ensure their financial stability and ability to meet customer demands.
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Many experts today claim that the average retiree in 2022 needs approximately
$50,000 in gross annual income to retire comfortably. Assume that you are 20 years old
in today. Historically the inflation rate has averaged 5.00%. If the average inflation rate
continues in the future, what gross income will you require when you retire at age 65?
If the average inflation rate continues in the future and you retire at age 65, you would require approximately $339,836.61 in gross annual income to maintain a similar purchasing power as $50,000 today.
To calculate the gross income you will require when you retire at age 65, we need to account for the impact of inflation over the years. Given that the historical average inflation rate is 5.00%, use the concept of the future value of money to determine the future gross income needed.
Assuming you are 20 years old today and plan to retire at age 65, there are 45 years between the present and your retirement.
To calculate the future gross income, use the formula for the future value of a present amount adjusted for inflation:
Future Value = Present Value * (1 + Inflation Rate)^Number of Years
Substituting the values:
Present Value = $50,000 (desired annual income at retirement)
Inflation Rate = 5.00% (historical average inflation rate)
Number of Years = 45 (years until retirement)
Future Value = $50,000 * (1 + 0.05)^45
Future Value ≈ $339,836.61
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On June 1, 2020, Lex Real Estate Agency, the largest in the country, sent Dart Associates, Inc., an offer to sell Dart, one of the shopping centers owned by Lex. In the offer, Lex stated that he would not revoke the offer for 30 days. The written offer was signed by Lex. It was received by Dart on June 3, 2020. ON June 7, 2020, Dart wrote a letter rejecting the offer of Lex. This letter was received on June 15, 2020. After further research, Dart realized this was a good deal and it quickly sent out a letter of acceptance of the offer. The letter was received on June 12, 2020. Lex suddenly got a better buyer and then called Dart on June 1 1, 2020 and advised that he was revoking the offer.
Discuss the issues in this case and who wins
Lex is the winner in this situation because he had revoked his offer before receiving the acceptance letter.
The issue in this case is whether Lex Real Estate Agency's revocation of the offer was valid or not. Lex made an offer to sell Dart, one of the shopping centers owned by Lex, to Dart Associates, Inc. on June 1, 2020, with the condition that he would not revoke the offer for 30 days. The written offer was signed by Lex and received by Dart on June 3, 2020.On June 7, 2020, Dart wrote a letter rejecting the offer of Lex. This letter was received on June 15, 2020. Later, Dart realized this was a good deal and it quickly sent out a letter of acceptance of the offer. The letter was received on June 12, 2020. However, Lex called Dart on June 11, 2020, and advised that he was revoking the offer because he got a better buyer.Dart has accepted Lex's offer within the time limit, which was good until June 30, 2020. However, the revocation of the offer by Lex on June 11, 2020, before the expiration of the 30-day time limit, made the offer null and void. Lex is the winner in this situation because he had revoked his offer before receiving the acceptance letter. The revocation of the offer was lawful because Dart had not yet sent an acceptance letter, and the offer was still good until June 30, 2020.
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A project with an initial cost=$500,000, generates a 12% rate of
return (IRR) for infinite years, assuming the cost of capital is
10%. Then the economic profit (EVA) and the NPV are?
To calculate the economic profit (EVA) and the net present value (NPV) of the project, we need to consider the cash flows generated by the project over its lifetime.
Given that the project generates a 12% internal rate of return (IRR) and the cost of capital is 10%, it indicates that the project's cash flows exceed the required return. This implies positive economic profit (EVA) and a positive NPV. Economic Value Added (EVA) measures the excess return generated by the project above the cost of capital. In this case, with a 12% IRR and a 10% cost of capital, the EVA would be positive, indicating that the project generates value for the company. Net Present Value (NPV) measures the present value of the project's cash flows discounted at the cost of capital. In conclusion, the project would generate positive economic profit (EVA) and a positive NPV.
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Use data from finance.yahoo.com to answer the following questions:a.Collect the following data for 25 firms of your choosing.i.Book-to-market ratio.ii.Price–earnings ratio.iii.Market capitalization (size).iv.Price–cash flow ratio (i.e., market capitalization/operating cash flow).v.Another criterion that interests you.You can find this information by choosing a company and then clicking on Statistics. Rank the firms based on each of the criteria separately, and divide the firms into five groups based on their ranking for each criterion. Calculate the average rate of return for each group of firms.Do you confirm or reject any of the anomalies cited in this chapter? Can you uncover a new anomaly? Note: For your test to be valid, you must form your portfolios based on criteria observed at the beginning of the period. Why?b.Now form stock groups that use two criteria simultaneously. For example, form a portfolio of stocks that are both in the lowest quintile of price–earnings ratio and in the highest quintile of book-to-market ratio. Does selecting stocks based on more than one charac-teristic improve your ability to devise portfolios with abnormal returns? Repeat the analy-sis by forming groups that meet three criteria simultaneously. Does this yield any further improvement in abnormal returns?SOLUTIONS TO CONCEPT CHECKS1.a.A high-level manager might well have private information about the firm. Her ability to trade profitably on that information is not surprising. This ability does not violate weak-form efficiency: The abnormal profits are not derived from an analysis of past price and trading data. If they were, this would indicate that there is valuable information that can be gleaned from such analysis. But this ability does violate strong-form efficiency. Apparently, there is some private information that is not already reflected in stock prices.b.The information sets that pertain to the weak, semistrong, and strong form of the EMH can be described by the following illustration:Strong-formsetSemistrong-formsetWeak-formsetThe weak-form information set includes only the history of prices and volumes. The semistrong-form set includes the weak form set plus all publicly available information. In turn, the strong-form set includes the semistrong set plus insiders’ information. It is illegal to act on this incremental information (insiders’ private information). The direction of valid implication isStrong-form EMH ⇒ Semistrong-form EMH ⇒ Weak-form EMHThe reverse direction implication is not valid. For example, stock prices may reflect all past price data (weak-form efficiency) but may not reflect relevant fundamental data (semistrong-form inefficiency).Final PDF to printer
Data needs to be collected for 25 firms including book-to-market ratio, price-earnings ratio, market capitalization, price-cash flow ratio, and another criterion of interest.
The process involves gathering the required financial data for the chosen firms from finance.yahoo.com, specifically by selecting a company and clicking on "Statistics" to obtain the necessary ratios and market capitalization. Once the data is collected, the firms will be ranked separately based on each criterion, dividing them into five groups (quintiles) according to their rankings. The average rate of return for each group will then be calculated. By analyzing the average rate of return for each group, it will be possible to determine if there are any anomalies that confirm or reject the concepts discussed in the chapter.
Anomalies refer to patterns or trends that deviate from the efficient market hypothesis (EMH), such as the presence of abnormal returns. The analysis will provide insights into whether certain criteria or combinations of criteria can lead to abnormal returns, potentially uncovering new anomalies. To ensure the validity of the test, portfolios should be formed based on criteria observed at the beginning of the period, as using updated information would introduce hindsight bias and potentially invalidate the results.
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Whispering Winds Inc. had accounting income of $158.000 in 2020. Included in the calculation of that amount is the CEO's life insurance expense of $3.900, which is not deductible for tax purposes. In addition, the undepreciated capital cost (UCC) for tax purposes is $12,600 lower than the net carrying amount of the property, plant, and equipment, although the amounts were equal at
the beginnine of the vear. Prepare Whispering Winds's journal entry to record 2020 taxes. assuming |FRS and a tax rate of 2.5%.
The journal entry to record 2020 taxes for Whispering Winds Inc. is as follows:
Income Tax Expense (Dr.) $3,847.50
Deferred Tax Liability (Cr.) $3,847.50
To prepare the journal entry for recording 2020 taxes, we need to consider the following components.
Component 1: CEO's life insurance expense
The CEO's life insurance expense of $3,900 is not deductible for tax purposes. Therefore, we need to adjust the accounting income by subtracting this amount.
Component 2: Undepreciated capital cost (UCC) and net carrying amount of property, plant, and equipment
The undepreciated capital cost for tax purposes is $12,600 lower than the net carrying amount of the property, plant, and equipment. This difference arises due to differences in the depreciation methods or rates allowed for tax purposes compared to accounting purposes. At the beginning of the year, these amounts were equal.
Step 3: Calculating the income tax expense and deferred tax liability
To calculate the income tax expense, we apply the tax rate of 2.5% to the adjusted accounting income (income after subtracting the non-deductible CEO's life insurance expense). The resulting amount represents the current income tax expense.
To record the deferred tax liability, we multiply the difference between the UCC and the net carrying amount of property, plant, and equipment by the applicable tax rate of 2.5%.
The journal entry debits the Income Tax Expense account for the current income tax expense and credits the Deferred Tax Liability account for the deferred tax liability.
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Derek has the opportunity to buy a money machine today. The money machine will pay Derek $49,960.00 exactly 15.00 years from today. Assuming that Derek believes the appropriate discount rate is 5.00%, how much is he willing to pay for this money machine?
Answer format: Currency: Round to: 2 decimal places.
In order to determine how much he is willing to pay for this machine, Derek needs to calculate the present value of the future payment. He believes that the appropriate discount rate for this investment is 5.00%. Using the formula for present value, the calculated value comes out to be approximately $25,373.52.
To calculate the present value of the future payment, the formula used is PV = FV / (1 + r)^n, where PV represents the present value, FV represents the future value, r represents the discount rate, and n represents the number of periods.
In this scenario, Derek wants to determine how much he should pay today for the future payment of $49,960.00 that he will receive in exactly 15.00 years. He believes that a 5.00% discount rate is appropriate for this investment. By plugging the values into the formula, the calculation is as follows: PV = 49,960 / (1 + 0.05)^15. Simplifying this equation gives us the present value as approximately $25,373.52.
The concept of discounting is applied to reflect the time value of money. Essentially, it takes into account that receiving a certain amount of money in the future is less valuable than receiving the same amount of money today. This is because money has the potential to earn returns if invested or used for other purposes in the present. Therefore, in order to compare the future payment to the present, the future value is discounted back to its present value using the appropriate discount rate. In this case, with a discount rate of 5.00% and a time period of 15.00 years, Derek is willing to pay approximately $25,373.52 for the money machine.
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Read the following descriptions and determine the type of fraud. Match each statement to its corresponding type of
fraud.
-The Controller overrides management controls to issue cheques to himself
-Account Manager increases the December 31, 2021 accounts payable balance to record commissions on sales earned in December 2021 and paid in January 2022
-Account Manager increases the December 31, 2021 accounts receivable balance to record invoices that were not recorded prior to year end, but the goods had been received by the customer on December 31, 2021
-The Controller increases the December 31, 2021 accounts receivable balance without any supporting documentation.
1. Misappropriation of Assets
2. Financial Reporting Fraud
3. No Fraud
4. Both types of Fraud are involved
Here is the breakdown of the different types of fraud:
The Controller overrides management controls to issue cheques to himself - Misappropriation of Assets
Account Manager increases the December 31, 2021 accounts payable balance to record commissions on sales earned in December 2021 and paid in January 2022 - Financial Reporting Fraud
Account Manager increases the December 31, 2021 accounts receivable balance to record invoices that were not recorded prior to year-end, but the goods had been received by the customer on December 31, 2021 - Financial Reporting Fraud
The Controller increases the December 31, 2021 accounts receivable balance without any supporting documentation - Financial Reporting Fraud.
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Typical buyers of bonds include all of the following except
________.
Question options:
pension funds
medium- to large-sized banks
mutual funds
governments in need of funds
Typical buyers of bonds include pension funds, medium- to large-sized banks, mutual funds, and governments in need of funds. However, the exception among these options would be governments in need of funds.
Governments in need of funds are not typically buyers of bonds but rather issuers of bonds. When governments need to finance their activities or fund infrastructure projects, they often issue bonds to raise capital from investors. These bonds are then purchased by various entities such as pension funds, banks, mutual funds, and individual investors.
Pension funds, as institutional investors, often invest a portion of their assets in bonds to generate income and diversify their portfolios. Medium- to large-sized banks may also invest in bonds as part of their asset management activities or to meet regulatory requirements. Mutual funds pool money from individual investors to invest in a variety of assets, including bonds, to achieve specific investment objectives.
In contrast, governments in need of funds issue bonds to borrow money from the market and attract investors who are seeking fixed-income investments. These investors, such as the ones mentioned above, buy these bonds to lend money to the government and earn interest on their investments.
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The value obtained from knowing that southern rockhopper penguins still exist is an example of of ____ an environmental asset.
a. contingent value
b. use value
c. indirect use value
d. non-use value
The value obtained from knowing that southern rockhopper penguins still exist is an example of d. non-use value as an environmental asset.
The non-use value derived from the existence of southern rockhopper penguins represents the intrinsic appreciation and moral significance that people attribute to their survival. It reflects the understanding that every species has an inherent right to exist and thrive in their natural habitats. This non-use value extends beyond immediate economic or tangible benefits and emphasizes the broader ethical and conservation values associated with biodiversity preservation. The knowledge that southern rockhopper penguins continue to exist contributes to the overall sense of environmental well-being and the importance of safeguarding these unique and ecologically important species for future generations. Therefore, the value obtained from knowing that southern rockhopper penguins still exist aligns with the concept of non-use value as an environmental asset.
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QUESTION 7
SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, engaged in the acquisition, development, ownership, management and operation of commercial and residential real estate properties, principally office properties, located in the New York metropolitan area.
True or False
Furthermore, REITs are a favored asset class for investors looking for income because of their high dividend yields, making them a great investment option. true
The provided statement is true. SL Green Realty Corp. is a self-managed real estate investment trust (REIT) that engages in the acquisition, development, ownership, management and operation of commercial and residential real estate properties, primarily office properties, in the New York metropolitan region.
REITs provide investors with the ability to invest in real estate while avoiding many of the risks and costs associated with direct property ownership. They are required by law to pay at least 90% of their taxable income in the form of shareholder dividends annually.
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FILL THE BLANK.
Anvils Works requires, on average, 3,800 tons of aluminum each week, with a standard deviation of 800 tons. The lead time to receive its orders is 12 weeks. The holding cost for one ton of aluminum for one week is $12. It operates with a 0.98 in-stock probability. Use a z-score table
c If its average inventory (MEAN) was 4500 tons, what would be its average holding cost per week? (Notice that this is a new value for the mean; everything else remains the same.)
ANSWER: $________
If average inventory (MEAN) is 4500 tons then the value of average holding cost per week, using a z-score table is $27,000. (Note this is a new value for the mean)
The formula to calculate average holding cost per week is given below:
Average Holding Cost = 0.5 x Average Inventory x Cost per unit x Holding cost per unit
where 0.5 is a constant value, the average of 0 and 1.
According to the given problem,
Mean = 4500 tons
Standard Deviation = 800 tons
Lead Time = 12 weeks
Holding Cost for one ton of aluminum for one week = $12
In-stock Probability = 0.98
Z score for in-stock probability = 2.05 (Refer z-score table)
How to find a z-score:
A z-score represents the number of standard deviations an element is from the mean. It can be found using the formula:
z = (x - μ) / σ
Where:x is the data element
μ is the population meanσ is the population standard deviation.
The safety stock = Z score x Standard deviation of demand during lead time.
Safety Stock = 2.05 × 800 = 1640 tons
Reorder point (ROP) = Mean demand during lead time + safety stock
ROP = 3,800 × 12 + 1,640 = 47,720 tons
The average inventory is given as 4,500 tons.
The maximum inventory level will be the sum of ROP and EOQ.
Maximum inventory = ROP + EOQ
EOQ = √((2 × 3,800 × 500) / 12) = 1,563.48 tons (approx)
Therefore, Maximum inventory = 47,720 + 1,563 = 49,283 tons (approx)
Average Holding Cost = 0.5 x Average Inventory x Cost per unit x Holding cost per unit
Now let's plug in the values:
Average Holding Cost = 0.5 x 4500 x 12 x 1 = $27,000
The value of average holding cost per week is $27,000.
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Which of the following CANNOT be included along with illustrations used to sell life insurance?
ARating information
BOriginal death benefit
CVanishing premium information
DName of the insurer
There are some elements that should be excluded from illustrations used to promote life insurance, the answer is D. Name of the insurer.
The elements that should be excluded from illustrations used to promote life insurance are as follows:
Name of the insurer: If you have the name of the insurer in your illustration, it can confuse the buyer since he may focus on the name instead of the policy's essential information.
Rating information: When people see a rating that is high, they are likely to assume that a policy is excellent, without knowing what rating means. The rating may also mislead the clients since the rate may not apply to the specific policy being offered.
Original death benefit: The original death benefit is also something that should be excluded. This is because the death benefit isn't what the policyholder receives, but rather the beneficiary of the policy. The death benefit of the policy may vary depending on the policyholder's age, sex, and other factors. Therefore, the original death benefit should be avoided in illustrations.
Vanishing premium information: Vanishing premium information is another element that should be excluded from illustrations since it is sometimes interpreted as a guarantee of free premiums. In some cases, the vanishing premium may disappear for reasons beyond the control of the insurer. For this reason, it should be left out of the illustration.
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Q1
(a).Explain the purpose and legal requirements for financial
reporting in an organisation.
(b) Describe the financial statements that should be included in
the reports.
(a) The purpose of financial reporting in an organization is to provide accurate and transparent information about its financial performance and position.
It allows stakeholders, such as investors, creditors, and regulators, to make informed decisions. Legal requirements for financial reporting vary by jurisdiction but generally include compliance with accounting standards, such as the International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP), and submission of reports to regulatory authorities within specified time frames.
(b) The financial statements that should be included in the reports typically consist of:
1. Balance Sheet: It presents the organization's assets, liabilities, and shareholders' equity at a specific point in time, providing an overview of its financial position.
2. Income Statement: Also known as the profit and loss statement, it summarizes the organization's revenues, expenses, gains, and losses over a specific period, indicating its financial performance.
3. Cash Flow Statement: This statement details the cash inflows and outflows from operating, investing, and financing activities, enabling stakeholders to assess the organization's cash flow and liquidity.
4. Statement of Changes in Equity: It illustrates the changes in the organization's shareholders' equity over a specific period, including contributions, distributions, net income, and other comprehensive income. These financial statements, prepared in accordance with the applicable accounting standards, provide a comprehensive view of an organization's financial activities, performance, and position, aiding in decision-making and ensuring transparency for stakeholders.
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Josef recently became a project manager in his organization. The first thing he does is
to plan for a happy hour with the team. Colocation is one of the tools and techniques used
to: A. Plan the organizational structure
Plan the organizational structure
Develop team
Acquire resources
Control resources
Colocation is a project management technique that involves physically placing team members in close proximity to enhance communication, collaboration, and teamwork.
While it is not directly related to planning the organizational structure, it can contribute to various aspects of project management. One of the primary purposes of colocation is to facilitate the development of the project team.
Physically bringing team members together in a shared workspace, promotes the establishment of relationships, fosters a sense of camaraderie, and encourages open communication.
This, in turn, helps in building a cohesive team that is more likely to work effectively and efficiently toward achieving project goals.
Colocation also facilitates the acquisition and control of resources. By having team members in close proximity, it becomes easier for the project manager to monitor and allocate resources.
It allows for quick and direct coordination, ensuring that resources are utilized optimally and that any issues or bottlenecks can be addressed promptly.
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A middle-level manager of the client is addicted to gambling. This fraud risk factor is classified as: Select one: a. Opportunity b. Rationalization / Attitude c. Incentive / Pressure
The fraud risk factor of a middle-level manager being addicted to gambling is classified as:
c. Incentive / Pressure
The gambling addiction creates a financial pressure on the manager, as they may need additional funds to support their habit. This pressure can incentivize them to engage in fraudulent activities, such as embezzlement or theft, in order to obtain the necessary funds.
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Assume you work in a customer service call center. One of your male coworkers notices that many women mere being parsed up for manugerial positions. Hic coworiker brings this to the lead supervisor's attention, who teils him that all of the women in the department mere mothers who could not harelle the working hours recuirnd for a manater. You example of a: Transformational leader Charhmatic leader. Transactlenal leader Authentik ieader Assume you work in a customer service call center, One of your male coworkers notices that many women were being passed up for managerial positions. He coworker heings this to the lead supervisor's attention, who tells him that all of the women in the department were mothers who could not handle the working hours required for a manager. Your coworker then challenges the lead supervisor, claiming that this is an unfair and false assumption. They change the leard supervisor's mind. This expression of allyship is alsoan example of ai. Transformational leader Charismatic leader Transactional leader Authentic leader
The scenario described involves a male coworker noticing a gender disparity in managerial positions at a customer service call center. Option d is correct Authentic leaders
Assuming you work in a customer service call center, where your male coworkers notice that many women are being passed up for managerial positions, and then they bring this to the lead supervisor's attention. The lead supervisor tells them that all of the women in the department are mothers who cannot handle the working hours required for a manager. Your coworker then challenges the lead supervisor, claiming that this is an unfair and false assumption.
They change the lead supervisor's mind. This expression of allyship is also an example of an authentic leader.An authentic leader is someone who promotes honesty and transparency in the workplace. They inspire trust and loyalty among their employees by leading with a high level of integrity and ethics. They work to foster an environment of openness and accountability and take responsibility for their actions and decisions.
Authentic leaders are self-aware and lead with empathy and compassion, allowing them to connect with their employees on a deeper level and understand their unique needs and perspectives.In the given situation, the male coworkers who notice the discrimination against women in the department and bring it to the supervisor's attention are expressing allyship. By challenging the supervisor's unfair and false assumption and changing their mind, they are acting as authentic leaders. They are promoting honesty and transparency in the workplace, inspiring trust and loyalty among their colleagues, and fostering an environment of openness and accountability.
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You are provided with the following figures about an economy: I (investment)=700; G (government spending) =1500; MPC=0.7; T=270; Imports=450; Exports=700; Y (income) =900; C (consumption) =200
1a) Calculate the value of the multiplier (k) (7 marks).
1b) Given the value of the multiplier that you calculated in 4.1, how effective would an increase in
government expenditure be to reduce the size of a recession? (2marks)
1c) R 20 million of new investment has been added to the South African economy, the current MPS is 0.40, and tax rate (t) is 0.12. By how much will aggregate spending and income increase as a result of the R20 million increase in investment spending (7 marks).
1a) The multiplier is 3.33 (rounded).
1b) Government spending increase would be effective due to the multiplier effect.
1c) Aggregate spending and income will increase by R900 million.
1a) The multiplier (k) is calculated using the following formula: k = 1 / (1 - MPC). The MPC (marginal propensity to consume) in this case is indicated as 0.7. In order to substitute the value, we get the following result (rounded to two decimal places): k = 1 / (1 - 0.7) = 1 / 0.3.
1b) An increase in government spending would be effective in reducing the size of a recession with a multiplier value of 3.33. Increased public spending promotes the economy by raising aggregate demand. According to the multiplier effect, each dollar spent by the government will result in a greater rise in overall output and income. In this scenario, the initial rise in government expenditure would be amplified by 3.33, resulting in a higher rise in overall demand and possibly supporting .
1c) We must take into account the marginal propensity to save (MPS) and the tax rate (t) in order to determine the rise in total spending and income brought on by the R20 million increase in investment spending. According to the MPS of 0.40, 40% of any income growth will be conserved. Given that the tax rate (t) is 0.12, any increase in income will be taxed at a rate of 12%.
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in which of the following scenarios would a contact role be automatically populated by salesforce upon the creation of a new opportunity? (select 2)
In Salesforce, the Contact Role field on an Opportunity record is not automatically populated by default upon the creation of a new Opportunity. The Contact Role field is used to associate specific Contacts with an Opportunity and define their roles or involvement in the sales process.
1) Account/Contact Hierarchy:
If you have a hierarchical relationship set up between Accounts and Contacts, you can configure Salesforce to automatically populate or suggest Contact Roles based on the hierarchy. For example, if a Contact is associated with a specific Account, their role can be automatically assigned or suggested when creating an Opportunity related to that Account.
2) Opportunity Contact Roles:
You can define default Contact Roles for specific Opportunity Stage or Type combinations. When creating an Opportunity with a matching Stage and Type, Salesforce can automatically populate the Contact Role field with the predefined default roles.
3) Opportunity Team:
If you have a predefined Opportunity Team for each Opportunity, you can set up rules to automatically populate Contact Roles based on the members of the Opportunity Team. For example, if a specific user is assigned to the Opportunity Team, their Contact Role can be automatically assigned or suggested when creating a new Opportunity.
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Besides the obvious benefits of increased workplace safety, what are some of the economic effects of these worker protections?
Assume a competitive product market and a competitive labor market for lumber (tree-harvesting) in two different markets in California. In Northern California, the wage rate is $20/hr. But because temperatures are much higher in Southern California, the going wage rate is $25/hour.
Some lumberjacks are willing to endure higher temperatures in Southern California in exchange for a wage premium of $5/hr. Those that prefer more comfortable working conditions earn less but are willing to sacrifice the wage premium for more comfort.
Now suppose that the government mandates a workplace safety condition that requires lumberjacks to take a 20-minute break every hour when temperatures exceed 89 degrees F.
What will be the effect of this rule on the relative wages of lumberjacks in Southern California compared to Northern California? What will be the effect on the non-monetary wages of Southern Californian lumberjacks? (assume lumberjacks can move between the two markets)
From the point of view of Southern Californian lumberjacks, are they better or worse off as a result of this law?
How might this apply to other mandated benefits?
How would mandated paid maternity leave affect the wages and labor market for women?
Regarding mandated paid maternity leave, it can affect the wages and labor market for women in several ways. By requiring employers to provide paid maternity leave, women may have greater job security and financial support during childbirth and early child-rearing.
The mandated workplace safety condition requiring lumberjacks in Southern California to take a 20-minute break every hour when temperatures exceed 89 degrees F is likely to have several effects on the relative wages and non-monetary wages of lumberjacks in Southern California compared to Northern California.
Effect on relative wages: The rule is likely to decrease the wage premium offered to lumberjacks working in Southern California. Since the safety condition reduces the amount of time spent actively working, lumberjacks in Southern California may no longer be willing to endure higher temperatures for the same wage premium of $5/hr. As a result, the wage gap between Southern California and Northern California lumberjacks may decrease or even diminish if the wage premium is eliminated altogether.
Effect on non-monetary wages: The non-monetary wages, or the level of comfort and safety, would likely increase for lumberjacks in Southern California due to the mandated breaks. Lumberjacks who prefer more comfortable working conditions would benefit from the mandatory breaks as it provides them with relief from the high temperatures, potentially leading to improved job satisfaction and overall well-being.
From the perspective of Southern Californian lumberjacks, they may be better off as a result of this law due to the improved non-monetary wages. While their wage premium might decrease, the mandated breaks provide them with increased safety and comfort, which can be valued by individuals who prioritize workplace conditions over higher wages.
Applying this scenario to other mandated benefits, similar considerations can arise. Mandated benefits may impact the relative wages and non-monetary wages of workers, potentially affecting the trade-off between wages and other aspects of employment. It highlights the importance of considering both monetary and non-monetary factors when evaluating the overall well-being and preferences of workers.
Regarding mandated paid maternity leave, it can affect the wages and labor market for women in several ways. By requiring employers to provide paid maternity leave, women may have greater job security and financial support during childbirth and early child-rearing. However, it can also potentially lead to higher labor costs for employers, which might result in adjustments to wages or hiring practices. The specific impacts would depend on factors such as the duration and extent of mandated leave, the availability of substitute workers, and the overall labor market conditions.
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