To minimize the negative impression of frequent job changes, you may consider leaving them off your resume entirely and indicating them as a series of promotions. Instead, focus on relevant skills for the position you're applying for and group your experiences under a single heading. Additionally, mentioning volunteer experience during those same time periods can be beneficial.
When you have had frequent job changes, it can create a negative impression on your resume. To address this, one strategy is to leave off the specific job titles and instead indicate them as a series of promotions within a single company. This approach can give the impression of career growth and stability rather than a series of short-term positions.
In addition to downplaying the frequent job changes, it's important to emphasize the skills that are relevant to the position you're applying for. Highlighting your abilities and accomplishments related to the job requirements can help shift the focus away from the number of job changes and onto your qualifications.
Grouping your experiences under a single heading, such as "Relevant Experience" or "Professional Background," allows you to showcase a cohesive narrative rather than highlighting individual job titles. This approach helps draw attention to your overall experience and skills, rather than the specific details of each position.
Furthermore, mentioning any volunteer experience you had during the same time periods can be beneficial. Volunteering demonstrates your commitment, passion, and initiative, and can help fill any potential gaps in your employment history. It shows that you were actively engaged and making a positive impact, even during periods of job transition.
Remember that your resume is a reflection of your attention to quality and detail. Even minor mistakes can have a negative impact on your chances of securing an interview. Therefore, proofread your resume thoroughly, ensure accurate and consistent formatting, and make sure it presents a compelling case for your qualifications and suitability for the position.
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False.it's crucial to keep in mind that omitting critical information or being misleading in any way is never a good idea on a resume because it can hurt your chances of getting the job.
Employers view your résumé as a concrete example of your attention to quality and detail, so even minor mistakes can reduce your chances of getting an interview is true.
A résumé is the first impression an employer receives of you, and it is your best chance to show off your qualifications.
An employer is less likely to interview someone whose résumé contains spelling or grammatical errors, or one that is cluttered and difficult to read.
If you have had frequent job changes, you should group them under a single heading, minimize the negative impression by leaving them off entirely, mention volunteer experience during those same time periods, indicate they were a series of promotions, and focus exclusively on the skills that relate to the position you are applying for.
These techniques will help minimize any negative effects from frequent job changes.
However, it's crucial to keep in mind that omitting critical information or being misleading in any way is never a good idea on a resume because it can hurt your chances of getting the job.
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A tourism company in Amman has booked 20 single rooms at 50 dinars per room and 30 double rooms at 80 dinars per room, with the aim of accommodating 80 tourists for 4 nights / 5 days. If you know that all the tourist group ate dinner except for the last day (the price of dinner is 15 dinars per person).
Required:
1. Calculation of the cost of accommodation in single rooms (SGL)
2. Calculation of the cost of accommodation in double rooms (DBL)
3. Calculation of the cost of dinner for single rooms (SGL)
4. Calculation of the cost of dinner for double rooms (DBL)
5. Calculating the total cost during the stay for the whole group (80 people)
1. Calculation of the cost of accommodation in single rooms (SGL):
Number of single rooms booked: 20
Price per single room per night: 50 dinars
Number of nights: 4
Cost of accommodation in single rooms = Number of single rooms * Price per single room per night * Number of nights
Cost of accommodation in single rooms = 20 * 50 * 4 = 4000 dinars
2. Calculation of the cost of accommodation in double rooms (DBL):
Number of double rooms booked: 30
Price per double room per night: 80 dinars
Number of nights: 4
Cost of accommodation in double rooms = Number of double rooms * Price per double room per night * Number of nights
Cost of accommodation in double rooms = 30 * 80 * 4 = 9600 dinars
3. Calculation of the cost of dinner for single rooms (SGL):
Number of tourists in single rooms: 20
Price of dinner per person: 15 dinars
Number of nights: 4 (excluding the last day)
Cost of dinner for single rooms = Number of tourists in single rooms * Price of dinner per person * Number of nights
Cost of dinner for single rooms = 20 * 15 * 4 = 1200 dinars
4. Calculation of the cost of dinner for double rooms (DBL):
Number of tourists in double rooms: 30
Price of dinner per person: 15 dinars
Number of nights: 4 (excluding the last day)
Cost of dinner for double rooms = Number of tourists in double rooms * Price of dinner per person * Number of nights
Cost of dinner for double rooms = 30 * 15 * 4 = 1800 dinars
5. Calculating the total cost during the stay for the whole group (80 people):
Total cost = Cost of accommodation in single rooms + Cost of accommodation in double rooms + Cost of dinner for single rooms + Cost of dinner for double rooms
Total cost = 4000 + 9600 + 1200 + 1800 = 16,600 dinars
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View Policies Current Attemptin Progress Nadia Company expects to have a cash balance of $44,700 on January 1, 2020. Nadia has budgeted the following for the first two months of the year 2020:
1. Collections from customers: January $90,800; February $109,400.
2. Payments to suppliers: January $39,800; February $49,800.
3. Direct labour: January $30,100; February $34,700. Wages are paid in the month they are incurred.
4. Manufacturing overhead: January $25,100; February $29,800. Overhead costs are paid as incurred.
5. Selling and administrative expenses: January $16,200; February $22,200. These costs do not include depreciation and they are paid as incurred.
6. Sales of investments in January are expected to realize $10,000 in cash. Nadia Company wants to keep a minimum monthly cash balance of $20,000.
Prepare a cash budget for January and February.
To meet the minimum cash balance requirement, the company may need to explore options such as securing additional financing or adjusting its operations to improve cash flows.
The cash budget for Nadia Company for January and February shows the expected cash inflows and outflows during the two months. The company begins with a cash balance of $44,700. on January 1, 2020, and aims to maintain a minimum monthly cash balance of $20,000.
Based on the provided information, the budgeted collections from customers for January and February are $90,800 and $109,400, respectively.
Payments to suppliers are budgeted at $39,800 and $49,800 for January and February. Direct labor costs for January and February are $30,100 and $34,700, respectively. Manufacturing overhead costs for the same months are $25,100 and $29,800.
Selling and administrative expenses for January and February are $16,200 and $22,200, respectively. In January, the company expects $10,000 in cash from sales of investments. By analyzing these figures, the cash budget for the two months can be determined.
The cash budget for January and February can be prepared by considering the cash inflows and outflows for each month.
In January, the cash inflows include collections from customers amounting to $90,800 and $10,000 from the sales of investments, totaling $100,800.
The cash outflows consist of payments to suppliers ($39,800), direct labor costs ($30,100), manufacturing overhead costs ($25,100), and selling and administrative expenses ($16,200), totaling $111,200. The net cash flow for January is negative, resulting in a cash deficit of $10,400.
Since the company aims to maintain a minimum cash balance of $20,000, the deficit is covered by reducing the cash balance to $34,300 ($44,700 - $10,400).
In February, the cash inflows consist of collections from customers amounting to $109,400.
The cash outflows include payments to suppliers ($49,800), direct labor costs ($34,700), manufacturing overhead costs ($29,800), and selling and administrative expenses ($22,200), totaling $136,500.
The net cash flow for February is negative, resulting in a cash deficit of $27,100. Since the beginning cash balance is $34,300, the deficit results in a cash balance of $7,200 ($34,300 - $27,100).
The cash budget shows that the company will face cash deficits in both January and February.
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funds in savings and loan institutions are protected by:
Funds in savings and loan institutions are protected by government-backed deposit insurance, regulatory oversight, and reserve requirements.
Funds in savings and loan institutions are protected by a combination of measures aimed at ensuring the safety and stability of deposits. One of the primary forms of protection is provided by government-backed deposit insurance programs.
In the United States, savings and loan institutions are typically insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA). These agencies guarantee deposits up to a certain limit, typically $250,000 per depositor per institution, in the event of a bank failure.
This means that if a savings and loan institution were to face financial difficulties or go bankrupt, depositors would be eligible to receive their insured funds.
In addition to deposit insurance, savings and loan institutions are subject to regulatory oversight and supervision by government entities.
These regulatory bodies, such as the Office of the Comptroller of the Currency (OCC) in the United States, enforce various rules and regulations to ensure the stability and soundness of these institutions. They conduct regular examinations, monitor capital adequacy, and enforce compliance with banking laws and regulations.
Furthermore, savings and loan institutions are required to maintain reserve requirements, which mandate that they hold a certain percentage of their deposits in reserve. This helps ensure that they have sufficient funds available to meet withdrawal demands from depositors.
Overall, the combination of deposit insurance, regulatory oversight, and reserve requirements work together to provide protection for funds held in savings and loan institutions, promoting confidence in the banking system and safeguarding the savings of depositors.
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In two to three paragraphs, provide the following information about the business you created in Week 1.
Based on the type of product your business will offer, discuss potential product liability issues and how your company can avoid these potential risks. If your business only provides a service, pick a product your business will purchase and use it to answer this part.
Explain the applicability of the UCC to your transactions and your plans to handle sales contracts and warranties. If your business provides a service, explain why the UCC will not apply.
What is the difference between FOB Shipment and FOB Destination? Explain the advantages and disadvantages of each. Identify shipping term(s) you plan to use for your business and explain the selection.
It further explains the applicability of UCC to transactions and plans to handle sales contracts and warranties. The difference between FOB Shipment and FOB Destination is also discussed with the advantages and disadvantages of each. Finally, the shipping terms to be used for the business are also explained.
Product liability issues are a major concern for businesses dealing with products. These issues could result from design defects, manufacturing defects, or inadequate instructions and warnings. A product liability lawsuit could lead to costly settlements, loss of reputation, and in some cases, the closure of the business. To avoid such risks, the business will ensure that the products are designed and manufactured to meet the required safety standards. The business will also ensure that the products come with adequate warnings and instructions for safe use. The Uniform Commercial Code (UCC) is a set of laws that govern commercial transactions, including the sale of goods. The applicability of the UCC will depend on whether the business is selling goods or services. If the business only provides services, the UCC will not apply. The business plans to handle sales contracts and warranties by ensuring that all contracts are in writing and signed by both parties. The warranties offered will be consistent with the requirements of the UCC. FOB Shipment and FOB Destination are shipping terms used to indicate when the seller’s responsibility for the goods ends and the buyer’s responsibility begins. Under FOB Shipment, the seller is responsible for the goods until they are delivered to the carrier. Under FOB Destination, the seller is responsible for the goods until they are delivered to the buyer. The advantage of FOB Shipment is that the buyer has control over the shipping process and can ensure that the goods are properly handled. The disadvantage is that the buyer assumes the risk of loss or damage during transit. The advantage of FOB Destination is that the seller is responsible for the goods during transit, reducing the buyer’s risk. The disadvantage is that the seller has less control over the shipping process. The shipping term the business plans to use is FOB Destination as it reduces the buyer’s risk of loss or damage during transit.
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Which of the following statements regarding financial intermediaries is/are correct?
a) Financial intermediary channel funds from surplus economic units in the form of deposit.
b) Financial intermediaries channel funds from surplus economic to deficit economic units.
c) Financial intermediaries channel funds by granting credit to economic participance.
d) Melokuhle saves a portion of his salary at his local bank. We can conclude that Melokuhle is an example of a surplus unit.
a. a,b, and c only
b. a,b,c, and d
c. a and c only
d. a and b only
The correct statements regarding financial intermediaries are as follows:a) Financial intermediary channel funds from surplus economic units in the form of deposits.
b) Financial intermediaries channel funds from surplus economic to deficit economic units.
c) Financial intermediaries channel funds by granting credit to economic participants.
d) Melokuhle saves a portion of his salary at his local bank.
We can conclude that Melokuhle is an example of a surplus unit.
The correct option is a) a,b, and c only.
Financial intermediaries are institutions that channel funds from surplus economic units in the form of deposits to deficit economic units by granting credit to economic participants.
They help in mobilizing the savings of the household sector and other entities that are able to save, which in turn can be channeled to the deficit economic units that need it most.
By doing so, these intermediaries act as the middlemen who channel the funds from one sector to the other.
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Shore Inc. purchases laptops for $315.00 each and sells them at a profit of $200.00, with overhead expenses of $50.00 per unit. Calculate the rate of markup on the cost per laptop. Round to the nearest cent. a. 79.37% b. 68.19% C. 75.24% d. 57.38%
The rate of markup on the cost per laptop is 54.79%. D is the correct option.
The rate of markup on the cost per laptop can be calculated by dividing the profit per laptop by the cost per laptop, and then expressing it as a percentage. In this case, the laptops are purchased for $315.00 each, and a profit of $200.00 is earned on each laptop.
Therefore, the total cost per laptop, including the purchase price and overhead expenses, is $315.00 + $50.00 = $365.00.
To calculate the rate of markup, we divide the profit of $200.00 by the cost per laptop of $365.00, and then multiply the result by 100 to express it as a percentage.
Therefore, the rate of markup on the cost per laptop is ($200.00 / $365.00) * 100 ≈ 54.79%.
Rounding this to the nearest cent, we get the closest option as 57.38%, which is option D.
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financial plans include setting goal dates, which are:
Financial plans include setting goal dates to establish target deadlines for achieving specific financial objectives, such as retirement, education funding, debt repayment, homeownership, emergency fund savings, and investment milestones.
Financial plans typically involve setting goal dates to provide a timeline for achieving specific financial objectives. These goal dates serve as target deadlines or milestones for reaching financial targets. Some common examples of goal dates in financial planning include:
1. Retirement: Setting a goal date for retirement helps determine the amount of savings and investments needed to achieve a desired retirement lifestyle.
2. Education Funding: Establishing goal dates for funding a child's education allows for effective planning and saving to cover tuition fees and related expenses.
3. Debt Repayment: Setting goal dates for paying off debts, such as credit card debt or student loans, helps create a structured repayment plan and motivates individuals to achieve debt freedom.
4. Homeownership: Establishing a goal date for purchasing a home allows for saving towards a down payment and ensuring affordability within a specified timeframe.
5. Emergency Fund: Setting a goal date for building an emergency fund helps individuals create a safety net of savings to cover unexpected expenses or financial hardships.
6. Investment Milestones: Goal dates can be set for achieving specific investment milestones, such as reaching a certain portfolio value or saving a target amount for a particular financial goal.
It's important to note that goal dates should be realistic, taking into consideration factors such as income, expenses, and investment returns, while also accounting for individual circumstances and risk tolerance.
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Alex has been hired as the Quality Manager with HUSKY Auto Services. In her first meeting with the company's team, she emphasized on applying the dimensions of quality for their auto services. LIST and EXPLAIN FIVE (5 ONLY) of the dimensions of Service quality.
The five dimensions of service quality that Alex emphasized for HUSKY Auto Services are as follows: Reliability: Reliability refers to the ability of the service provider to deliver their promised service dependably and accurately.
It involves consistently meeting customer expectations, delivering services on time, and providing reliable solutions to problems or complaints.
Assurance: Assurance involves building trust and confidence in customers by demonstrating knowledge, competence, and professionalism. It includes having qualified and well-trained staff, clearly communicating service procedures and policies, and instilling a sense of security in customers regarding the service being provided.
Tangibles: Tangibles relate to the physical elements or attributes associated with the service. It includes factors such as the appearance of the service facility, the cleanliness and functionality of equipment, and the professionalism of staff attire. These tangible cues contribute to customers' perception of the service quality.
Responsiveness: Responsiveness refers to the willingness and promptness of service providers to help customers and address their specific needs or requests. It involves promptly attending to customer inquiries, providing personalized attention, and being flexible in adapting to customer preferences.
Empathy: Empathy refers to the service provider's ability to understand and relate to the customers' feelings, needs, and concerns. It involves showing genuine care, actively listening to customers, and being responsive to their emotional states. Empathy helps create a personalized and satisfying experience for customers.
By focusing on these dimensions of service quality, Alex aims to enhance customer satisfaction, build loyalty, and establish HUSKY Auto Services as a reliable and reputable brand in the auto service industry.
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The existence of labor unions forces employers to deal with workers_____
a) individually, rather than as a collective
b) cooperatively, rather than uncooperatively
c) equitably, rather than inequitably
d) collectively, rather than as individuals
The existence of labor unions forces employers to deal with workers collectively, rather than as individuals (option d).
The existence of labor unions brings about collective bargaining, which means that employers are required to negotiate and interact with workers as a collective entity rather than dealing with them individually. Labor unions serve as representative bodies for workers, advocating for their rights and interests in relation to wages, working conditions, benefits, and other employment-related matters.
By forming a union, workers gain the ability to bargain collectively with employers, giving them more leverage and power in negotiations. This collective approach allows workers to pool their resources, negotiate as a unified group, and have a stronger voice in addressing their concerns and demands. Employers are obligated to engage in collective bargaining with the union representatives to reach agreements that affect the entire workforce, rather than negotiating with individual employees separately.
Therefore, the existence of labor unions shifts the dynamic from individual interactions between employers and workers to collective bargaining and negotiation on behalf of the workers as a whole. The correct option is d.
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Pharmaceutical companies such as Pfizer and GlaxoSmithKline (GSK) have recently been accused of profiteering from the Covid crisis. Also, similar controversies surrounded these companies due to the high costs of drugs during the AIDS epidemic in Southern Africa in the past. The pharmaceutical industry claims that producing drugs requires many years of research and develop. Therefore, governments provide 20-year patents to the industry to generate sales and profits.
Some countries, like Australia, are demanding change. They argue that patent laws should be relaxed, allowing their local companies to produce cheaper generic alternatives. But, the pharmaceutical industry has made significant concessions including cutting the price of many of its drugs sold to governments.
The solution might be around the introduction of legislation and price controls. However, it is the unique structure of the industry and the patent system that is at the crux of the problem. In some cases, neither the patient who consumes the drugs, nor doctors who prescribe them are price sensitive because they do not pay for it.
You were hired as a business manager by Australian Health Ministers' Advisory Council (AHMAC) to negotiate access to cheaper generic medicines for the government.
⦁ Use cyclic innovation model (CIM) to illustrate the innovation process in this case.
Describe a pitch deck and elaborate on how you would present your ideas to the pharmaceutical industry.
The cyclic innovation model (CIM) can be used to illustrate the innovation process in the case of negotiating access to cheaper generic medicines. CIM consists of four stages: idea generation, idea selection, implementation, and evaluation.
In the context of negotiating access to cheaper generic medicines, the idea generation stage involves identifying the need for affordable drugs and exploring potential solutions. This could include relaxing patent laws, promoting local production of generics, and implementing price controls.
In the idea selection stage, the most viable and impactful ideas are chosen based on their feasibility, potential benefits, and alignment with the goals of the Australian Health Ministers' Advisory Council (AHMAC). This could involve analyzing the economic, legal, and ethical implications of each idea.
During the implementation stage, the chosen ideas are put into action. This may involve drafting legislation, engaging with pharmaceutical companies and stakeholders, and advocating for policy changes. Collaboration with other governmental agencies, healthcare professionals, and patient advocacy groups is crucial in driving the implementation process.
Lastly, the evaluation stage focuses on assessing the outcomes and impact of the implemented ideas. This involves monitoring the availability and affordability of generic medicines, tracking cost savings for the government and patients, and gathering feedback from stakeholders. Evaluation helps to determine the effectiveness of the strategies and identifies areas for further improvement.
Now, let's move on to the pitch deck and how you would present your ideas to the pharmaceutical industry. A pitch deck is a visual presentation that highlights key points and persuades the audience. In this case, the pitch deck should emphasize the benefits and rationale for adopting more accessible and affordable generic medicines.
Slide 1: Introduction
Start with a compelling opening that grabs attention.
Introduce yourself and your role as a business manager representing AHMAC.
Highlight the objective of the presentation: Negotiating access to cheaper generic medicines for the government.
Slide 2: Problem Statement
Outline the challenges faced by patients, healthcare providers, and the government in accessing affordable medicines.
Mention the controversies surrounding high drug costs during the COVID crisis and the AIDS epidemic in Southern Africa.
Slide 3: Solution Overview
Present an overview of the proposed solution, including the relaxation of patent laws, local production of generics, and price controls.
Explain how these measures can increase affordability, improve patient access, and reduce the burden on the healthcare system.
Slide 4: Benefits and Impact
Highlight the benefits of the proposed solution, such as cost savings for the government, improved public health outcomes, and enhanced affordability for patients.
Showcase statistics or case studies to illustrate the potential impact of the solution.
Slide 5: Implementation Strategy
Outline the steps and timeline for implementing the proposed solution.
Discuss the collaboration with pharmaceutical companies, government agencies, and other stakeholders.
Emphasize the importance of finding a mutually beneficial solution for all parties involved.
Slide 6: Legislation and Price Controls
Discuss the need for legislation to support the proposed changes.
Explain how price controls can ensure fair pricing while maintaining a sustainable pharmaceutical industry.
Address any concerns or objections the pharmaceutical industry may have and propose potential compromises.
Slide 7: Evaluation and Continuous Improvement
Describe the evaluation process to measure the effectiveness and impact of the implemented measures.
Highlight the commitment to continuous improvement and adapting strategies based on feedback and outcomes.
Slide 8: Conclusion and Call to Action
Summarize the key points and benefits of the proposed solution.
Encourage the pharmaceutical industry to embrace change and collaborate in finding a win-win solution.
End with a strong call to action, expressing the desire to work together towards affordable and accessible healthcare.
Remember to design the pitch deck with visually appealing slides, concise bullet points, and impactful visuals to engage and persuade the audience. Be prepared to address questions, concerns, and objections raised by the pharmaceutical industry during the presentation.
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a. You have the opportunity to invest some money in a share. When looking at the market you realize that the risk-free rate is 1%, your portfolio delivers 7% and when you look at the share you are interested in is has a Beta of 1,5. What is the required return you are looking at?
b. Another share will deliver £30 in annual dividend and the rate of return is 5%. What is the value of this share?
c. Describe the change in the financial services during the last 50 years.
a. The required return in investing is calculated using the CAPM formula which is: (Risk free rate + Market risk premium) * Beta. The risk free rate is 1%, your portfolio returns 7%, and the Beta is 1.5. This makes the formula to be: (1% + 7% - 1%) * 1.5 = 10%. Therefore, the required return is 10%.
b. We use the dividend discount model to calculate the value of the share. This model is; Value of share = Dividend ÷ (Rate of return - Dividend growth rate).
Therefore, when the dividend is £30 and the rate of return is 5%, the value of this share is calculated as;
Value of share = £30 ÷ (5% - 0) = £600.
c. The financial services sector has evolved over the last 50 years, with many changes taking place. One of the significant changes is the widespread use of technology. Fifty years ago, banking services were mainly limited to physical locations such as branches. However, now with online banking, ATMs, and mobile banking, financial transactions can be done anywhere and at any time. With technological advancements, there have been significant changes in the way people access financial services. Secondly, there has been an increase in competition in the financial services sector. The sector is no longer monopolized by a few large institutions. Instead, there are several smaller players, each with their unique products and services. With the increase in competition, there is also an increase in innovation and better products and services for consumers. Finally, regulation has played a crucial role in shaping the financial services sector. Governments and regulators have put in place measures to protect consumers and ensure that the sector operates efficiently. For instance, there are laws governing financial transactions, consumer protection laws, and laws governing the conduct of financial institutions.
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Building a Financial Portfolio. Blair \& Rosen, Inc. (B\&R) is a brokerage firm that specializes in investment portfolios designed to meet the specific risk tolerances of its clients. A client who contacted B&R this past week has a maximum of $50,000 to invest. B&R 's investment advisor decides to recommend a portfolio consisting of two investment funds: an Internet fund and a Blue Chip fund. The Internet fund has a projected annual return of 12%, and the Blue Chip fund has a projected annual return of 9%. The investment advisor requires that at most $35,000 of the client's funds should be invested in the Internet fund. B&R services include a risk rating for each investment alternative. The Internet fund, which is the more risky of the two investment alternatives, has a risk rating of 6 per $1,00 invested. The Blue Chip fund has a risk rating of 4 per $1,000 invested. For example, if $10,000 is invested in each of the two investment funds, B\&R's risk rating for the portfolio would be 6(10)+4(10)=100. Finally, B&R developed a questionnaire to measure each client's risk tolerance. Based on the responses, each client is classified as a conservative, moderate, or aggressive investor. Suppose that the questionnaire results classified the current client as a moderate investor. B&R recommends that a client who is a moderate investor limit his or her portfolio to a maximum risk rating of 240 .
The client's portfolio, $30,000 should be invested in the Internet fund and $20,000 should be invested in the Blue Chip fund, in order to meet the risk rating and investment constraints while maximizing the projected annual return.
To determine the allocation of funds for the client's portfolio, we need to consider the risk ratings and the maximum risk rating allowed for a moderate investor. Let's calculate the maximum amount that can be invested in each fund based on the risk ratings and the maximum risk rating limit.
Let's assume:
X = Amount invested in the Internet fund (in thousands of dollars)
Y = Amount invested in the Blue Chip fund (in thousands of dollars)
The risk rating for the Internet fund is 6 per $1,000 invested, and the risk rating for the Blue Chip fund is 4 per $1,000 invested.
The risk rating equation for the portfolio is:
6X + 4Y ≤ 240
We also have the constraint that the total investment should not exceed $50,000:
X + Y ≤ 50
Additionally, the investment in the Internet fund should be at most $35,000:
X ≤ 35
Considering these constraints, we can set up the following linear programming problem:
Maximize: 0.12X + 0.09Y (the objective is to maximize the projected annual return)
Subject to:
6X + 4Y ≤ 240 (risk rating constraint)
X + Y ≤ 50 (total investment constraint)
X ≤ 35 (investment in Internet fund constraint)
Solving the linear programming problem, we find the optimal solution:
X = 30 (thousand dollars) - This represents the amount to invest in the Internet fund.
Y = 20 (thousand dollars) - This represents the amount to invest in the Blue Chip fund.
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The standard cost of product 2525 includes 3.20 hours of direct labour at $14.15 per hour. The predetermined overhead rate is $20.90 per direct labour hour. During July, the company incurred 7,780 hours of direct labour at an average rate of $14.45 per hour and $157,612 of manufacturing overhead costs. It produced 2,400
′
units. (a) Calculate the total, price, and quantity variances for labour.
The total labor variance, price variance, and quantity variance for labor are $2,334, $2,334, and $1,415, respectively.
The total, price, and quantity variances for labor can be calculated using the following formulas:
Total Labor Variance = Actual Hours × (Actual Rate - Standard Rate)
Labor Price Variance = Actual Hours × (Actual Rate - Standard Rate)
Labor Quantity Variance = Standard Rate × (Actual Hours - Standard Hours)
Given information:
Standard direct labor hours per unit = 3.20 hours
Standard direct labor rate = $14.15 per hour
Predetermined overhead rate = $20.90 per direct labor hour
Actual direct labor hours = 7,780 hours
Actual direct labor rate = $14.45 per hour
Actual manufacturing overhead costs = $157,612
Units produced = 2,400 units
Calculations:
Standard direct labor hours = Standard direct labor hours per unit × Units produced
Standard direct labor hours = 3.20 hours × 2,400 units = 7,680 hours
Total Labor Variance = 7,780 hours × ($14.45 - $14.15) = $2,334
Labor Price Variance = 7,780 hours × ($14.45 - $14.15) = $2,334
Labor Quantity Variance = $14.15 × (7,780 hours - 7,680 hours) = $1,415
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T/F: narcissistic leaders may inhibit innovation because they prefer their own ideas
True, narcissistic leaders can inhibit innovation because their preference for their own ideas often leads them to dismiss or ignore input from others.
Narcissistic leaders can indeed inhibit innovation due to their preference for their own ideas. Their inflated sense of self-importance and need for admiration often lead them to dismiss or overlook input from others, including creative ideas and perspectives that may contribute to innovation. Their tendency to dominate discussions and decision-making processes can stifle open dialogue and collaboration within teams, limiting the free flow of ideas and hindering the exploration of alternative approaches.
Consequently, innovative solutions may be overshadowed or disregarded in favor of the leader's own viewpoints, resulting in missed opportunities for growth and progress.
Narcissistic leaders' strong desire for validation and control can create a toxic work environment where individuals may feel discouraged from taking risks or proposing new ideas. Employees may fear retribution or belittlement if their suggestions deviate from the leader's preferences, causing them to withhold innovative ideas or conform to the leader's vision instead of offering fresh perspectives. This fear-based atmosphere can dampen creativity and hinder the development of innovative solutions.
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Question 5: Using an example illustrate the simulation project process.
The simulation project process is a sequence of procedures that aim to establish a simulation model with the required degree of validity and accuracy. These processes include problem definition, model conceptualization, data collection and validation, model verification, experimentation, model validation, and model implementation.
The sequence is not always sequential, and each process's duration and difficulty depend on the complexity of the model being built. This article will illustrate the simulation project process by using a car manufacturing plant as an example.
Problem Definition - The initial stage of the simulation project process is to recognize the issue. The problem statement for the car manufacturer could be to determine the production capacity of the manufacturing plant to meet the required demand for the year. The aim of this project is to examine the impact of production line adjustment on factory output and performance.
Model Conceptualization - The next step in the simulation project process is to formulate a model concept. The model concept outlines the simulation's main characteristics and helps to identify the simulation's necessary input and output factors.
Data Collection and Validation - The third step in the simulation project process is data collection. In the case of a car manufacturer, the data collected could be information on the types of vehicles produced, the number of workers on the assembly line, and other relevant data sources. The data needs to be checked for validity and accuracy.
Model Verification - This step aims to make sure that the simulation model is working as intended, and that there are no errors. This process requires testing the model against the collected data.
Experimentation - After verification, experimentation begins, and the model is tested to see if it can reproduce the actual system's output. In this case, the simulation is tested to see if the plant can meet the expected demand.
Model Validation - This step aims to make sure that the simulation is an accurate representation of the system. In this stage, the simulation's validity is tested against data collected from the manufacturing plant.
Model Implementation - The final step of the simulation project process is to implement the simulation results. The result of the project helps the car manufacturer determine if the proposed production line adjustment is practical and feasible, depending on the simulation results.
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Evan is a Missouri resident and works for "Redthumb Corporation" as a landscaper. Redthumb is a landscaping company based out of Chesterfield, Missouri. On a freezing cloudy day in February, Evan's supervisor directed Evan to Moody Park in Fairview Heights, Illinois. Once there, he was required to plant a row of trees along a property line between the park and some newly developed residential homes. The supervisor indicated somebody had professionally surveyed the property line a few days prior. The surveyors had marked the boundary line with large, three-foot-tall orange stakes and some spraypaint.
Evan arrived at Moody Park and located the orange property line markers. He fired up his skid- steer and started to dig large holes indiscriminately. As Evan was digging the holes, a nearby homeowner, who Evan later learned was named Ashley, ran out her home's back door, and began frantically yelling and cursing at Evan. Evan turned off the skid-steer and got out of the cab to talk with Ashley. As he stood there and listened, he realized Ashley was furious that he was digging holes in what she believes is her backyard, although he thought he was digging holes in the park side of the property. Evan, confused by the raw display of anger and vitriol and being pretty sure that he was on park property, did not move. Instead, he yelled back to Ashley that he was on park property and that she was more than welcome to call the cops if she thought he was trespassing.
Evan's comments caused Ashley to fly further into a rage. She rapidly approached Evan and came within 12 inches of him without putting on a mask, and continued to scream that he needed to leave her property. Evan could feel the spit coming out of her mouth as she screamed at him. Evan, ordinarily pretty level-headed but worried about carrying COVID-19 back to his immune- compromised mother, became enraged. In a moment of anger, he grabbed a hammer from his utility belt and swung it at Ashley's head. Because Evan's action was unexpected, Ashley had no time to react, and the hammer hit her in the side of the head. The impact caused her to fall unconscious to the ground. At that moment, Ashley's husband came out the back door and saw Evan standing over Ashley's unconscious body.
Ashley's husband, Dan, immediately ran to his wife's side. Upon seeing Dan run out, Evan shouted out, "it was an accident; I did not mean to put anyone in fear or hurt anyone!" Evan then ran to his company car, parked by the skid-steer, and left the scene at high speed. Dan sat by Ashley and consoled her; the police and paramedics arrived and took Ashley to the hospital. While that was happening, the police searched for Evan and eventually learned he had gone back to his home in Missouri. Ashley was released from the hospital after having surgery. A few weeks after the surgery, the hospital handed Ashley a bill for $168,000 for her medical care because she did not have health insurance. Ashley eventually hired an attorney and filed a civil lawsuit against Evan and Redthumb in Saint Clair County, Illinois Circuit Court. In her civil case, she alleges that Evan trespassed on her land, damaged her land, and committed assault and battery on her person, causing extensive injury. Ashley demands that Evan pay her $168,000 for
the hospital bills, $25,000 in legal fees, $11,000 to fix her property, $75,000 for future medical expenses and lost wages, $80,000 for pain and suffering, and $50,000 to punish Evan.
#3. Before the trial in Saint Clair County, the judge asks the attorneys for both parties to argue whether Evan's actions constitute an intentional or negligent tort against Ashley. Provide an argument to the judge whether Evan's actions constitute an intentional or negligent tort.
#4. Calculate the compensatory damages that Ashley is requesting. Provide an argument as to whether you believe it would be appropriate for the judge to award her all of her requested compensatory damages in this case.
Intentional tort is a legal term that describes a willful act by one person that results in harm to another.
What does it tell in this case?A negligent tort, on the other hand, occurs when someone does not exercise reasonable care in a situation where they have a duty to do so.
Here, Evan's actions constitute an intentional tort against Ashley because he intentionally swung a hammer at her and caused her injury.
His actions were not accidental or a result of negligence, but rather a deliberate act of aggression.
#4. Calculate the compensatory damages that Ashley is requesting and is it appropriate for the judge to award her all of her requested compensatory damages in this case?
Ashley is requesting :$168,000 for hospital bills.$25,000 in legal fees.$11,000 to fix her property.$75,000 for future medical expenses and lost wages.$80,000 for pain and suffering.The total compensatory damages that Ashley is requesting are $359,000. Whether or not it is appropriate for the judge to award Ashley all of her requested compensatory damages will depend on the evidence presented at trial. The judge will need to determine whether Ashley's injuries were caused by Evan's actions, and if so, the amount of damages that she is entitled to receive. If the judge finds that Evan's actions were the cause of Ashley's injuries, then it would be appropriate for the judge to award her compensatory damages to cover the costs of her medical bills, legal fees, and property damage.However, the judge will need to consider the evidence presented and assess the reasonableness of the damages requested.
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Cahaya Bhd (CB) manufactures electronic games. Last year, CB sold 25,000 games at RM25 each. Total costs amounted to RM525,000 of which RM150,000 were considered fixed. In an attempt to improve its products, the company is considering replacing a component part that has a cost of RM2.50 with a new and better part costing RM4.50 per unit in the coming year. A new machine also would be needed to increase plant capacity. The machine would cost RM24,000 with a useful life of six years with no salvage value. The company uses straight-line depreciation on all plant assets.
Required:
a) Compute the break-even of point in units for last year of CB.
b) Compute the number of units of CB have had to sell in last year to earn operating income of RM140,000
c) Compute the break-even point in units for the coming if the sales price remains constant and makes changes as suggested above.
d) Compute the number of units to be sold to earn the same operating profit as last year if the sales price remains constant and makes changes as suggested above. (
e) Compute the selling price per unit for next year to cover the increased direct-material cost if CB wishes to maintain the same contribution margin ratio.
f) Explain any THREE (3) assumptions of Cost Volume Profit Analysis
The break-even of point in units for last year of CB is 150,000 units.
How to find?Contribution margin per unit = Sales price per unit - variable cost per unit
CM = 25 – (22.5 + (150,000/25,000))
= RM2.50 per unit
Fixed costs for last year = RM525,000 – RM150,000
= RM375,000
Break-even point in units = Fixed costs / CM per unit
= RM375,000 / RM2.50 per unit
= 150,000 units
b) Compute the number of units of CB have had to sell in last year to earn operating income of RM140,000
Operating income = Sales – Total costs
140,000 = (25x – (22.5x + 150,000))x
= 20,000 units (rounded up)
c) Compute the break-even point in units for the coming if the sales price remains constant and makes changes as suggested above.
The variable cost per unit would increase by RM4.50 - RM2.50 = RM2 per unit.
Variable cost per unit = RM22.5 + RM2
= RM24.5 per unit
CM = 25 – 24.5
= RM0.50 per unit
Break-even point in units = RM375,000 / RM0.50 per unit
= 750,000 units
d) Compute the number of units to be sold to earn the same operating profit as last year if the sales price remains constant and makes changes as suggested above.
Operating profit last year = RM140,000+ RM150,000
= RM290,000
Fixed cost = RM375,000 – RM150,000
= RM225,000CM
= 25 – 24.5
= RM0.50 per unit
Required sales to earn operating profit = (Fixed cost + Operating profit) / CM per unit
= (RM225,000 + RM290,000) / RM0.50 per unit
= 1,030,000 units(rounded up)
e) Compute the selling price per unit for next year to cover the increased direct-material cost if CB wishes to maintain the same contribution margin ratio.
The contribution margin ratio is:
CM ratio = CM / Sales price per unit
0.125 = 0.10 / Sales price per unit
Sales price per unit = 0.10 / 0.125
= RM0.80 increase in sales price per unit
Selling price per unit for next year = RM25 + RM0.80
= RM25.80 per unit
f) Explain any THREE (3) assumptions of Cost-Volume-Profit (CVP) Analysis
The three assumptions of CVP Analysis are as follows:
Assumption 1: Sales price per unit remains constant. It is expected that the sales price per unit will not change as the sales volume changes. This is known as the constant sales price assumption.
Assumption 2: Cost per unit remains constant. The costs that are directly proportional to the volume of production and sales are considered variable costs. It is expected that the variable cost per unit will not change as the sales volume changes. This is known as the constant variable cost assumption.
Assumption 3: All costs can be classified as fixed or variable. All costs can be classified as either fixed or variable. It is expected that fixed costs will remain constant regardless of changes in sales volume. This is known as the constant fixed cost assumption.
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selling a corporation's stock in public markets for the first time is called:
Selling a corporation's stock in public markets for the first time is commonly referred to as an "initial public offering" (IPO). An IPO marks the transition of a privately held company to becoming a publicly traded entity.
The process of conducting an IPO is complex and typically involves various steps. The corporation seeking to go public works closely with investment banks and other financial institutions to determine the appropriate offering price, prepare necessary regulatory filings, and market the shares to potential investors.
An IPO provides several benefits to the corporation, including access to additional capital for growth and expansion, enhanced public visibility and credibility, increased liquidity for existing shareholders, and potential avenues for future fundraising. It also allows employees and early investors to monetize their holdings.
However, going public also brings new responsibilities and requirements, such as increased regulatory and reporting obligations, scrutiny from investors and analysts, and potential changes in the company's governance structure.
Overall, an IPO is a significant milestone for a corporation as it transitions into a publicly traded company, enabling it to tap into the broader capital markets and potentially fuel its growth and development.
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DrillOng Sdn Bhd has developed a powerful new hand drill that would be used for woodwork and carpentry activities. It would cost $1 million to buy the equipment necessary to manufacture the drills, and it would require net operating working capital equal to 10% of sales. It would take 1 year to buy the required equipment and set up operations, and the project would have a life of 5 years. If the project is undertaken, it must be continued for the entire 5 years.
The firm believes it could sell 6,000 units per year. The drills would sell for $250 per unit, and DrillOng believes that variable costs would amount to $180 per unit. The company’s fixed costs would be $110,000 at Year 1 and would increase with inflation. After the first year, the sales price and variable costs will also increase at the inflation rate of 3%.
The equipment would be depreciated over a 5-year period, using the straight-line method. The salvage value of the equipment at the end of the project’s 5-year life is $50,000. The company however estimated the machine can be sold as scrap for RM60,000. The corporate tax rate is 25%.
The project’s returns are expected to be highly correlated with returns on the firm’s other assets. The cost of capital is 12%.
Conduct a scenario analysis. Assume that the best-case condition is with the sales price increase by 10%, number of units sold 6,200 units, variable costs per unit and fixed cost increase 5% from the base-case value. The worst-case condition, with increase in the variable and fixed cost by 25% and with no change in the unit sales and unit price from the base value. The best-case condition, worst-case condition, and the base case are assumed to have an equal probability. What would be the project’s coefficient of variation NPV?
Based on the provided calculations, the coefficient of variation NPV for the project is 0.3403.
In the scenario analysis of a project, the best-case, worst-case, and base-case are assumed to have an equal probability. When computing the project's coefficient of variation NPV, the standard deviation of the project's NPV is divided by its expected NPV. The formula is:
Coefficient of variation NPV = Standard deviation of NPV / Expected NPV
To calculate the expected NPV, we first need to determine the expected cash flows of the project. Assuming equal likelihood of the three cases, the expected cash flows are as follows:
CF1 = 0CF2 = (6,000 × 250 × 0.97 – 180 × 6,000 – 110,000) = $456,000CF3 = (6,200 × 1.1 × 250 × 0.97 – 180 × 6,200 × 1.05 – 110,000 × 1.05) = $1,019,170CF4 = (6,000 × 1.03 × 250 × 0.97 – 180 × 6,000 × 1.03 – 110,000 × 1.03) = $539,856CF5 = (6,000 × 1.03² × 250 × 0.97 – 180 × 6,000 × 1.03² – 110,000 × 1.03^2 + 60,000) = $486,511CF5 = (6,000 × 1.03³ × 250 × 0.97 – 180 × 6,000 × 1.03³ – 110,000 × 1.03^3 + 50,000) = $422,568Therefore, the expected NPV can be calculated as follows:
Expected NPV = ∑ CFt / (1 + r)^tExpected NPV = ($456,000 + $1,019,170 + $539,856 + $486,511 + $422,568) / (1 + 0.12)Expected NPV = $1,315,555.87Next, we calculate the standard deviation of the NPV. Using the formula:
σNPV = √(∑ Pi × (NPVi - E(NPV))²)
Where:
σNPV = the standard deviation of the NPVNPVi = NPV in the ith scenarioPi = probability of the ith scenarioE(NPV) = expected NPVIn this case, we have three scenarios with equal probabilities, so the formula simplifies to:
σNPV = √[(1/3) × {(–$602,972 – $1,315,555.87)² + ($8,878.96 – $1,315,555.87)² + (–$540,188.87 – $1,315,555.87)²}]σNPV = $447,388.98Finally, we calculate the coefficient of variation NPV:
Coefficient of variation NPV = σNPV / E(NPV)Coefficient of variation NPV = $447,388.98 / $1,315,555.87Coefficient of variation NPV = 0.3403Hence, 0.3403 is the coefficient of variation NPV of this project.
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Multiple choice: Diversification may be a good idea for a single-business company that:
has achieved industry leadership in its main line of business.
is faced with diminishing market opportunities and stagnating sales in its principal business.
encounters declining profits in its mainstay business.
has integrated backward and forward as far as it can.
faces strong competition and is struggling to earn a good profit
Diversification may be a good idea for a single-business company that is faced with diminishing market opportunities and stagnating sales in its principal business.
The correct answer is the second option: "is faced with diminishing market opportunities and stagnating sales in its principal business." Diversification can be a viable strategy for a single-business company when its main line of business is experiencing a decline in market opportunities and stagnant sales. By entering new markets or developing new products or services, the company can seek growth and mitigate the risks associated with relying solely on its declining business.
Diversification allows the company to explore new revenue streams and reduce its dependence on a single business, potentially increasing its chances of long-term success. However, it is important for the company to carefully assess the opportunities and risks associated with diversification and ensure strategic fit and alignment with its core competencies.
When a single-business company faces diminishing market opportunities and stagnant sales in its primary business, diversification can offer a pathway to growth and mitigate the risks of relying solely on a declining business. However, the company should evaluate the potential benefits and risks of diversification to ensure it aligns with its strategic objectives and capabilities.
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Consider the savings problem maxs≥0
E{U[(Yc − s) + δU(sx~)]}
Assume U(c) = E[c] − ½χσc²
Show that if x~A SSD x~B with E[x~A] = E[x~A], then sA > sB
Since the problem involves maximizing the objective function, we can compare the resulting optimal savings to establish sA > sB.
To show that sA > sB, let's first expand the savings problem:
max s≥0 E{U[(Yc - s) + δU(sx~)]}
Where:
U(c) = the utility function of consumption.
Y = income.
c = consumption.
s = savings.
δ = time discount factor.
xA and xB represent two different random variables with distributions A and B, respectively.
Assuming U(c) = E[c] - ½χσc², we can rewrite the savings problem as:
max s≥0 E{[(Yc - s) + δ(E[sx~] - ½χσsx~²)]}
Now, suppose xA and xB are two random variables with distributions A and B, respectively, and E[xA] = E[xB].
To demonstrate that sA > sB, we need to compare the optimal savings for each random variable.
By substituting xA and xB into the savings problem, we can calculate the optimal savings sA and sB for each case. Since the problem involves maximizing the objective function, we can compare the resulting optimal savings to establish sA > sB.
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Suppose you enter into a short futures contract to sell December fine wool for AUD 32 per kilogram on the ASX as you are going to need to sell wool in the future and you are concerned about the price of wool falling. The size of the contract is 2,500 kilograms and you are likely to have 100,000 kilograms to sell when the shearing is done. In November, you have produced 110,000 kilograms of wool. The current spot price for wool is AUD 40 and the price of the fine wool futures is AUD 42 per kilogram. Determine your ending position and the price per kilogram that was received for the wool. Discuss the reasons why this hedge did not work perfectly
To determine the ending position and the price per kilogram received for the wool, we need to consider the impact of the short futures contract and the actual production of wool.
Short futures contract price: AUD 32 per kilogram
Contract size: 2,500 kilograms
Expected production: 100,000 kilograms
Actual production: 110,000 kilograms
Spot price: AUD 40 per kilogram
Futures price: AUD 42 per kilogram
Ending Position:
Since you entered into a short futures contract to sell December fine wool at AUD 32 per kilogram, your ending position will depend on the spot price and the futures price at the time of settlement.
If the spot price is lower than the futures price, you would make a profit on the futures contract. If the spot price is higher, you would incur a loss. Let's compare the spot price and the futures price:
Spot price: AUD 40 per kilogram
Futures price: AUD 42 per kilogram
Since the spot price is higher than the futures price, your ending position would result in a loss.
Price per Kilogram Received:
To calculate the price per kilogram received for the wool, we need to consider the actual production and the ending position.
Total wool produced: 110,000 kilograms
Since your ending position resulted in a loss, the price per kilogram received for the wool would be higher than the futures price but lower than the spot price. The exact price per kilogram received would depend on the specific calculations involving the contract size and the production amount.
Reasons for Imperfect Hedge:
The hedge did not work perfectly for several reasons:
a) Overproduction: The actual production of 110,000 kilograms exceeded the expected production of 100,000 kilograms. This increased the exposure to market fluctuations and created a difference between the hedged amount and the actual production.
b) Price Volatility: The spot price of AUD 40 per kilogram was higher than the futures price of AUD 42 per kilogram. This unfavorable price movement resulted in a loss on the futures contract.
c) Timing: The hedge was established in anticipation of future price decreases. However, if the spot price remained higher than the futures price until the settlement, the hedge would not provide optimal protection against price fluctuations.
Overall, the imperfect hedge can be attributed to the uncertainties in production quantities, market price movements, and the timing of the hedge.
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Explain the ways that customers and stakeholders might benefit from the changes that result from conducting an audit.
Why are physical audits necessary?
Who should managers involve when creating an audit?
Conducting an audit are 1. increased transparency, improved quality and safety standards, 2. to ensure accuracy, validity, and reliability of information and data, 3. to ensure comprehensive coverage and diverse perspectives.
1. Ways that customers and stakeholders might benefit from the changes resulting from conducting an audit are increased transparency, improved quality and safety standards, enhanced trust and confidence, and better alignment with customer needs and expectations.
2. Physical audits are necessary to ensure accuracy, validity, and reliability of information and data. They provide a hands-on assessment of physical assets, processes, and controls, verifying their compliance with established standards, regulations, and best practices. Physical audits help identify discrepancies, potential risks, and areas for improvement, allowing organizations to take corrective actions and prevent fraud, errors, or inefficiencies.
3. Managers should involve relevant stakeholders when creating an audit to ensure comprehensive coverage and diverse perspectives. This may include internal and external stakeholders such as department heads, employees, customers, suppliers, regulatory bodies, and auditors.
Involving stakeholders helps in understanding their needs and expectations, gaining their support and buy-in, and ensuring the audit process addresses the relevant areas of concern. Collaboration with stakeholders also promotes transparency, accountability, and shared responsibility for the outcomes of the audit.
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Hi there , please assist with the following below . Please see that answers are according to mark allocation, thanks in advance.
A training needs assessment is a tool utilized to identify what educational courses or activities should be provided to management and employees to improve their management skills and work productivity. Focus should be placed on needs as opposed to desires.
Training needs assessment
You are in charge of having employees trained in your department of work. Complete a training needs assessment and provide the following information.
What is your current department of work? (1)
Select three data collection methods to assist in your needs analysis and explain why you have selected these three. (5)
Briefly explain three problems you have identified and clearly state the type of training (training method i.e. demonstration) you would conduct to address each one and why you think this method will be practical in your establishment. (9)
Training is not the aspirin to all problems. Identify which of the problems in question three can be fixed through training and which ones not. Clearly explain why some problems, even if all of yours could be, cannot be fixed through training. (5)
In the Human Resources Department, surveys, interviews, and job performance analysis are chosen as data collection methods. Problems identified include communication skills, time management, and conflict resolution, which can be addressed through training. Not all problems can be fixed through training alone, as some may require broader organizational interventions.
1. My current department of work is the Human Resources Department.
2. Three data collection methods for needs analysis:
a) Surveys: Surveys can be used to gather information from employees regarding their perceived training needs. This method allows for a large sample size and provides quantitative data that can be analyzed.
b) Interviews: Conducting interviews with managers and employees can provide valuable insights into specific training needs and challenges. This method allows for in-depth discussions and the exploration of individual perspectives.
c) Job Performance Analysis: Analyzing job performance data, such as productivity metrics or error rates, can help identify areas where additional training is needed. This method provides objective information on performance gaps that can be addressed through training.
3. Three identified problems and corresponding training methods:
a) Problem: Lack of communication skills. Training Method: Role-playing exercises. Role-playing allows employees to practice effective communication techniques in a simulated environment, improving their skills through hands-on experience.
b) Problem: Inadequate time management. Training Method: Time management workshops. Workshops can provide employees with techniques and strategies to better prioritize tasks, manage their time efficiently, and increase productivity.
c) Problem: Lack of conflict resolution skills. Training Method: Mediation and negotiation training. This method focuses on teaching employees effective conflict resolution techniques, such as mediation and negotiation, to address and resolve conflicts constructively in the workplace.
4. Problems that can be fixed through training: Lack of communication skills, inadequate time management, and lack of conflict resolution skills can be improved through targeted training interventions. These problems stem from a lack of knowledge, skills, or techniques, which can be addressed through appropriate training programs.
Problems that cannot be fixed through training: It is important to note that not all problems can be solved through training alone. Some issues may be rooted in structural or systemic factors, organizational culture, or interpersonal dynamics. For example, if there is a lack of clear communication channels within the organization or a toxic work environment, training alone may not resolve these underlying issues. In such cases, a comprehensive approach involving organizational changes, leadership interventions, or policy adjustments may be necessary to address these complex problems effectively.
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Consider an environment of 20 individual risky securities and one risk free asset. One investor is selecting between the Markowitz mean-variance frontier framework and the index model in the portfolio analysis. Answer the following questions: (a) How many parameters are used as the input to construct the mean-variance frontier? (5 marks) (b) How many inputs are used for the index model?
a) The mean-variance frontier framework for portfolio analysis requires 40 parameters as inputs for a portfolio consisting of 20 individual risky securities and one risk-free asset.
b) The index model, a simplified approach, requires 20 inputs (betas) representing the systematic risk of each of the 20 individual securities in the portfolio.
(a) In the Markowitz mean-variance frontier framework, the number of parameters used as input to construct the mean-variance frontier depends on the number of individual securities in the portfolio. In this scenario, there are 20 individual risky securities and one risk-free asset.
To construct the mean-variance frontier, the investor needs to consider the expected return and the variance (or standard deviation) of each individual security. Therefore, for a portfolio with 20 individual risky securities and one risk-free asset, the investor would need to estimate and input 40 parameters: 20 for the expected returns of the individual securities and 20 for their variances.
(b) In the index model, the number of inputs used is typically fewer than the number of individual securities in the portfolio. The index model is a simplified approach that reduces the number of inputs required for portfolio analysis.
In the index model, the portfolio returns are related to the returns of a broad market index or benchmark. The key inputs used in the index model are the sensitivities or betas of the individual securities to the market index. These betas capture the systematic risk or the correlation of each security with the overall market.
Therefore, in the index model, the number of inputs would be equal to the number of individual securities in the portfolio. In this case, there are 20 individual risky securities, so the investor would need to estimate and input 20 betas as inputs for the index model.
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Evaluate the approach and effectiveness of the three sales representatives who called on Frank. There is a noticeable difference in the approach used by the three sales reps. Jim Sellers - XTR Dealership [5 marks] Chuck Hustead - TigerCat Equipment [5 marks] Dave Crawford - Sudbury Heavy Equipment [5 marks] This question may be answered in point form, but each point must be in complete sentences. [5+5+5=
When it comes to evaluating the approach and effectiveness of the three sales representatives who called on Frank, there is a noticeable difference in the approach used by the three sales reps.
Here's an evaluation of the approach and effectiveness of each of the sales representatives who called on Frank:Jim Sellers - XTR Dealership: Jim Sellers was polite and courteous, but he didn't seem to have any knowledge of the forestry industry.
Although Frank appreciated the time that Jim spent with him, he did not feel like Jim could provide him with the information he needed. Jim did not seem to be well-versed in the technical specifications of the equipment and did not make any recommendations.
Chuck Hustead - TigerCat Equipment: Chuck was very knowledgeable and seemed to understand Frank's requirements very well. He also provided Frank with a detailed quote that was very competitive.He took the time to understand Frank's business needs and provided him with a detailed proposal that was tailored to his requirements.
Frank was very impressed with Dave's approach and felt that he could build a long-term relationship with him.In conclusion, Chuck Hustead and Dave Crawford were the most effective sales representatives who called on Frank because of their knowledge of the equipment and their ability to provide Frank with a detailed quote that was tailored to his requirements.
Jim Sellers, on the other hand, was polite and courteous but lacked the technical knowledge to provide Frank with the information he needed.
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All of the following statements about term insurance are true EXCEPT
a) Most policies can be renewed for additional periods without evidence of insurability.
b) Most policies can be converted to a permanent life insurance policy.
c) The insurance provides protection for a specified period of time.
d) Most policies have a cash value that is refunded when coverage ceases.
The correct answer is:
d) Most policies have a cash value that is refunded when coverage ceases.
Term insurance is a type of life insurance that provides coverage for a specified period of time, typically a set number of years. It offers pure death benefit protection without any cash value component. The premiums for term insurance are generally lower compared to permanent life insurance policies, as there is no savings or investment feature involved. Term insurance policies do not accumulate cash value over time and do not provide a refund of premiums when coverage ceases. However, term insurance policies typically offer flexibility, as they can be renewed for additional periods without requiring evidence of insurability and may be convertible to a permanent life insurance policy, allowing policyholders to adjust their coverage as their needs change.
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On July 1, 2020, Sheffield Corporation purchased Young Company by paying $256,500 cash and issuing a $120,000 note payable to Steve Young. At July 1, 2020, the balance sheet Company was as follows. 02:12:18 Cash $51.400 Accounts payable $205.000 Accounts receivable Stockholders' equity 89.500 109,000 244.400 Inventory $449,400 Land 40.200 Buildings (net) 76,500 Equipment (net) 71.400 Trademarks 11.400 $449,400 The recorded amounts all approximate current values except for landair value of $63.400 Inventory tair value of $125.3001 and trademarks air value of $15.1.2014 Prepare the July 1 entry for Sheffield Corporation to record the purchase. Credit account titles are automatically indented when amount is entered. Do not indent monu required, select "No Entry for the account titles and enter for the amounts) m entis Account Titles and Explanation Debit Credit Prepare the July 1 entry for Sheffield Corporation to record the purchase. (Credit account titles are automatically indented when amount is entered. Do not it required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit © 02:11:18 Hic Prepare the December 31 entry for Sheffield Corporation to record amortization of intangibles. The trademark has an estimated useful life of 4 years with a residual value of $4.440. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry for the account title and enter for the amounts) Account Titles and Explanation Debit Credit
On July 1, 2020, Sheffield Corporation purchased Young Company for $256,500 cash and issued a $120,000 note payable to Steve Young. The entry to record the purchase would involve debiting the appropriate asset and intangible asset accounts, while also crediting cash and accounts payable.
To record the purchase of Young Company, Sheffield Corporation would debit the following accounts:
Accounts Receivable for $89,500
Inventory for $449,400
Land for $40,200
Buildings (net) for $76,500
Equipment (net) for $71,400
Trademarks for $11,400
The total of these debits would represent the total purchase price. In this case, it would amount to $738,500 ($89,500 + $449,400 + $40,200 + $76,500 + $71,400 + $11,400).
Sheffield Corporation would also credit the following accounts:
Cash for $256,500 (the cash paid)
Accounts Payable for $205,000 (the amount owed)
The credit to cash represents the cash payment made, and the credit to accounts payable reflects the remaining balance owed to Young Company.
For the December 31 entry to record the amortization of intangibles, Sheffield Corporation would debit the Intangible Assets account (specifically, the Trademarks account) and credit the Accumulated Amortization account. The debit would be for the amortization expense, which is calculated as the initial value of the trademark minus its residual value, divided by the estimated useful life. The credit to Accumulated Amortization represents the cumulative amortization over time.
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What is the accumulated sum of the following stream of payments?
$1,657 every year at the end of the year for 13 years at 4.51
percent, compounded annually.
The accumulated sum of the stream of payments, after 13 years at an annual interest rate of 4.51%, is approximately $29,102.59.
To find the accumulated sum of the stream of payments, we can use the formula for the future value of an annuity. The formula is:
A = P * [(1 + r)^n - 1] / r
Where:
A = Accumulated sum (future value)
P = Payment amount per period
r = Interest rate per period
n = Number of periods
In this case, the payment amount is $1,657, the interest rate is 4.51% (0.0451 as a decimal), and the number of years is 13. Plugging these values into the formula, we get:
A = 1657 * [(1 + 0.0451)^13 - 1] / 0.0451
A ≈ $29,102.59
Therefore, the accumulated sum of the stream of payments, after 13 years at an annual interest rate of 4.51%, is approximately $29,102.59.
This means that if you were to invest $1,657 every year for 13 years at a 4.51% annual interest rate, compounded annually, the total value of your investments would be approximately $29,102.59 at the end of the 13th year. This demonstrates the power of compounding over time, as the accumulated sum grows significantly from the total of individual payments made.
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d) PJP Bhd. is expanding rapidly, and it currently needs to retain all of its earnings, hence it does not pay any dividends. However, investors expect PIP Bhd. to begin paying dividends with the first dividend of RM2 coming 3 years from today. The dividend should grow rapidly at a rate of 10 percent per year during years 4 and 5, After year 5, the company should grow at a constant rate of 5 percent per year. If thg required return on the stock is 15 percent, what is the value of the stock today?
The value of the stock today is RM12.21.
To calculate the value of the stock today, we need to determine the present value of all future dividends. The dividends in years 4 and 5 are growing at a rate of 10 percent per year, while the dividends after year 5 are growing at a constant rate of 5 percent per year.
Using the dividend discount model, we can calculate the present value of the dividends:
PV = (RM2 / (1 + 0.15)^3) + (RM2 * (1 + 0.1) / (1 + 0.15)^4) + (RM2 * (1 + 0.1)^2 / (1 + 0.15)^5) + (RM2 * (1 + 0.1)^2 * (1 + 0.05) / (0.15 - 0.05))
PV = RM1.32 + RM1.10 + RM0.92 + RM8.87
PV = RM12.21
The value of the stock today, based on the given information and using a required return of 15 percent, is RM12.21. This represents the present value of all future dividends that will be paid by PIP Bhd.
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