Mitchell could have obtained approximately $2,125,000,000 in sales if it had been operating at full capacity. , Therefore, Mitchell's Target fixed assets/Sales ratio is approximately 21.18%. and Mitchell will need approximately \$159,824,000 increase in fixed assets to meet its Target fixed assets/Sales ratio.
To calculate the level of sales Mitchell could have obtained if it had been operating at full capacity, we can use the current capacity utilization rate of 80%:[tex]\[ \text{Sales at Full Capacity} = \frac{\text{Current Sales}}{\text{Capacity Utilization Rate}} \][/tex]
[tex]\[ \text{Sales at Full Capacity} = \frac{\$1,700,000,000}{0.80} \][/tex]
After performing the calculation:
[tex]\[ \text{Sales at Full Capacity} = \$2,125,000,000 \][/tex]
Therefore, Mitchell could have obtained approximately $2,125,000,000 in sales if it had been operating at full capacity.
To calculate Mitchell's Target fixed assets/Sales ratio, we can divide the fixed assets by the sales and multiply by 100:[tex]\[ \text{Target Fixed Assets/Sales Ratio} = \left( \frac{\text{Fixed Assets}}{\text{Sales}} \right) \times 100 \][/tex]
[tex]\[ \text{Target Fixed Assets/Sales Ratio} = \left( \frac{\$360,000,000}{\$1,700,000,000} \right) \times 100 \][/tex]
[tex]\[ \text{Target Fixed Assets/Sales Ratio} \approx 21.18\% \][/tex]
Therefore, Mitchell's Target fixed assets/Sales ratio is approximately 21.18%.
If Mitchell's sales increase by 60%, we can calculate the increase in fixed assets needed to meet the Target fixed assets/Sales ratio:[tex]\[ \text{Increase in Fixed Assets} = (\text{Target Fixed Assets/Sales Ratio} \times \text{New Sales}) - \text{Fixed Assets} \][/tex]
[tex]\[ \text{Increase in Fixed Assets} = (0.2118 \times \$1,700,000,000 \times 1.60) - \$360,000,000 \][/tex]
[tex]\[ \text{Increase in Fixed Assets} \approx \$159,824,000 \][/tex]
Therefore, Mitchell will need approximately \$159,824,000 increase in fixed assets to meet its Target fixed assets/Sales ratio.
Learn more about the Target fixed assets/Sales ratio here:
brainly.com/question/32912254
#SPJ11
Suprenuk, Inc., wishes to maintain a growth rate of 12 percent per year and a debt-equity ratio of .3. Profit margin is 5.2 percent and the ratio of total assets to sales is constant at 1.71. What dividend payout ratio is necessary to achieve this growth rate under these constraints? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Dividend payout ratio is the percentage of a company's earnings paid as dividends to its shareholders. It is calculated by dividing the total dividends paid out by the net income of the company. Now, to find the dividend payout ratio that is necessary to achieve a growth rate of 12%, a debt-equity ratio of 0.3, a profit margin of 5.2%, and a constant ratio of total assets to sales of 1.71, follow the steps below.
Step 1: Calculate the sustainable growth rateThe sustainable growth rate (g) is calculated as:g = ROE x (1 - Dividend Payout Ratio)where, ROE is the Return on EquityROE = Profit Margin x Asset Turnover x Financial LeverageProfit Margin = 5.2%Asset Turnover = Sales/Total Assets = 1/1.71 = 0.584 Financial Leverage = Debt/Equity = 0.3/0.7 = 0.43ROE = 5.2% x 0.584 x 0.43 = 1.10%Sustainable Growth Rate = 1.10% x (1 - Dividend Payout Ratio)
Step 2: Substitute the values and find the Dividend Payout RatioNow, it is given that the company wants to maintain a growth rate of 12% per year. This means the sustainable growth rate should be equal to 12%. So, substituting the values we get:12% = 1.10% x (1 - Dividend Payout Ratio)Dividend Payout Ratio = (1.10% - 12%) / -1.10%Dividend Payout Ratio = 981.82%Therefore, to achieve a growth rate of 12% under the given constraints, the dividend payout ratio that is necessary is 981.82% (rounded to 2 decimal places).
A negative answer is indicated by a minus sign. But in this case, we get a positive answer. This is because the calculation for sustainable growth rate assumes that there is no external financing. Since the dividend payout ratio is very high, it implies that the company has to raise additional funds through external financing to achieve the desired growth rate.
To know more about debt-equity visit
https://brainly.com/question/27332397
#SPJ11
The NPV and IRR methods may provide different mutually exclusive project rankings. What is the reason for this? a. NPV incorporates time value of money, and IRR does not b. IRR uses income and NPV focuses on cash flow C NPV lgnores cash flows beyond the recovery period d. Both have differing reinvestment assumptions
The NPV and IRR methods can yield different project rankings because (a) NPV considers the time value of money and (d) has different reinvestment assumptions compared to IRR.
The NPV and IRR methods are commonly used in investment appraisal to evaluate the feasibility of projects. While both methods aim to determine the profitability of a project, they utilize different approaches, leading to potential differences in project rankings. The NPV method takes into account the time value of money by discounting future cash flows to their present value. It considers the timing and magnitude of cash flows, and applies a discount rate to reflect the opportunity cost of capital. In contrast, the IRR method focuses on determining the rate of return at which the project's net cash flows are equal to zero.
One reason for the potential discrepancy in project rankings is that the IRR method does not explicitly consider the time value of money. It solely relies on the internal rate of return, which may lead to different rankings compared to NPV. Additionally, NPV and IRR may differ due to varying assumptions about reinvestment.
The NPV method assumes that cash flows are reinvested at the project's required rate of return, while the IRR method assumes that cash flows are reinvested at the project's internal rate of return. These differing reinvestment assumptions can result in divergent project rankings. Hence, the NPV method's incorporation of the time value of money and the differing reinvestment assumptions between NPV and IRR contribute to the possibility of different rankings for mutually exclusive projects when using these evaluation methods.
Learn more about IRR here:
https://brainly.com/question/31393609
#SPJ11
When designing a new sales organization or revising an existing one, a good generalization to follow is?
When designing a new sales organization or revising an existing one, a valuable generalization to follow is to align the structure with the company's overall strategy, objectives, and target market, while considering factors such as team composition, roles and responsibilities, and performance metrics.
Designing or revising a sales organization requires a thoughtful approach that aligns with the company's strategic goals and target market. This involves considering factors such as the desired team composition, roles and responsibilities, and performance metrics. By aligning the sales organization with the broader company strategy, it ensures that the sales team is focused on supporting the company's objectives and effectively reaching the target market.
This could involve defining clear sales territories, establishing a hierarchy of sales roles, implementing appropriate compensation structures, and establishing performance metrics to track individual and team success. Ultimately, the goal is to create a sales organization that is structured and aligned to drive optimal sales performance and achieve desired business outcomes.
learn more about organization click here;
brainly.com/question/12825206
#SPJ11
These questions are asking your opinion, bet for full credthyon should apply class concepts, such as ""market fallure,
1. What role do you think government should play in our economy? Provide specific examples. (2 points)
The role of government in the economy is a topic of debate and can vary based on different economic theories and perspectives. Specific examples of government intervention include regulation and so on.
The government's role in the economy can be seen in its efforts to address market failures and promote overall economic well-being. Market failures occur when the market is unable to efficiently allocate resources or when certain outcomes are not socially optimal. In such cases, government intervention can help correct these failures.
One example is regulation, where the government sets rules and standards to ensure fair competition, protect consumers, and prevent harmful practices. For instance, regulatory agencies oversee industries such as banking, healthcare, and environmental protection to maintain stability, safety, and sustainability.
Fiscal and monetary policies are tools used by the government to manage aggregate demand, stabilize the economy, and achieve desired macroeconomic outcomes. For example, during economic downturns, the government may increase spending and reduce taxes to stimulate demand and boost economic activity.
The government also plays a crucial role in providing public goods and infrastructure that may not be efficiently provided by the market. This includes investments in transportation networks, education systems, healthcare, and social safety nets. These investments aim to enhance productivity, promote social equity, and improve overall quality of life.
To learn more about economy click here:
brainly.com/question/28210218
#SPJ11
OQ5.10. How does one calculate an expected value?
OQ5.11. What is variance and standard deviation? How are they defined? Explain how the basic expected value concept relates to variance. Variance is the expected value of what?
OQ5.12. What is expected return? How is it defined? Explain how the basic expected value concept relates to expected return. Given this intuition, are expected return and variance essentially the same basic logic in the sense that they are both the "expected value" of something?
It is defined as the average of the squared differences between each data point and the mean.
Standard deviation, on the other hand, is the square root of the variance and gives you a measure of the dispersion or variability in the data set.
The basic expected value concept relates to variance in the sense that variance is the expected value of the squared differences between each data point and the mean.
It quantifies the average deviation of each data point from the mean.
OQ5.12. Expected return is a measure of the anticipated gain or loss from an investment. It is defined as the weighted average of all possible returns, where each return is multiplied by its corresponding probability.
The basic expected value concept relates to expected return in the sense that expected return is essentially the "expected value" of the returns from an investment.
It takes into account the probabilities of different returns to provide an estimate of the average return that one can expect.
While expected return and variance both involve the concept of "expected value," they are not the same.
Expected return focuses on the average return, while variance measures the dispersion or variability of the returns. They provide complementary information about the investment.
Learn more about possible about;
https://brainly.in/question/6477047
#SPJ11
Yield curve Assume the current 1 -year interest rate is 2%, and you expect the 1 -year rate to be 2.5% next year and 3.5% in the following year. If the graph above is the yield curve given your expectations then, based on the pure expectations theory: a=2%,b=2.25%,c=2.67%
a=2%,b=2.5%,c=3.5%
a=2%,b=4.5%,c=8%
We know that a=2%, but we can't really tell the value of b and c.
The yield curve is constructed based on these expected rates.
based on the pure expectations theory, the yield curve reflects the expected future interest rates. in this case, with the current 1-year interest rate at 2%, the expected 1-year rate next year is 2.5% and 3.5% in the following year. the values of a, b, and c represent the interest rates for 1 year, 2 years, and 3 years, respectively.
the answer is: a=2%, b=2.5%, c=3.5%.
in the pure expectations theory, the future interest rates are expected to be equal to the market's expectation. in this scenario, the yield curve given the expectations shows an upward sloping curve, indicating higher interest rates in the future.
a=2% represents the current 1-year interest rate, which is given in the question. however, b and c cannot be determined solely based on the yield curve graph. the values of b and c depend on the expectations and forecasts of the market participants.
the answer s provided are incorrect. the correct values are a=2%, b=2.5%, c=3.5%. these values reflect the expected interest rates based on the information given in the question and are consistent with the yield curve's upward sloping shape.the pure expectations theory suggests that the shape of the yield curve is determined solely by market participants' expectations of future interest rates. in this case, the yield curve is given based on those expectations.
let's break down the information provided:
- the current 1-year interest rate is 2%.
- the expectation is that the 1-year interest rate will be 2.5% next year.
- the expectation for the following year is a 1-year interest rate of 3.5%.
based on these expectations, we can interpret the yield curve graph. it shows the relationship between the maturity of a bond or investment and the corresponding interest rate. in this case, we have three points on the yield curve:
- point a: this represents the current 1-year interest rate, which is given as 2% in the question.
- point b: this represents the expected 1-year interest rate next year, which is stated as 2.5%.
- point c: this represents the expected 1-year interest rate in the following year, which is stated as 3.5%.
Learn more about bond here:
https://brainly.com/question/31994049
#SPJ11
A machine is purchased for $1000 and has a useful life of 12 years. At the end of 12 years, the salvage value is $130. By straight-line depreciation, what is the book value of the machine at the end of 8 years? $420 $290 $330 $580
Book value at the end of 8 years will be $476.64. Since none of the provided options match the calculated book value, the correct answer is not among the given options.
Straight-line depreciation evenly distributes the cost of an asset over its useful life. To find the book value of the machine at the end of 8 years, we need to determine the annual depreciation expense and subtract it from the initial cost.
The annual depreciation expense is calculated by dividing the difference between the initial cost and the salvage value by the useful life of the machine:
Depreciation expense = (Initial cost - Salvage value) / Useful life
In this case, the initial cost is $1000, the salvage value is $130, and the useful life is 12 years. Therefore, the annual depreciation expense is:
Depreciation expense = ($1000 - $130) / 12 = $785 / 12 = $65.42
To find the book value at the end of 8 years, we multiply the annual depreciation expense by the number of years:
Book value at the end of 8 years = Initial cost - (Depreciation expense * Number of years)
Book value at the end of 8 years = $1000 - ($65.42 * 8) = $1000 - $523.36 = $476.64
Since none of the provided options match the calculated book value, the correct answer is not among the given options.
Learn more about book value here:
https://brainly.com/question/33085506
#SPJ11
Assume that Home is relatively abundant in labor and relatively scarce in land. The Heckscher-Ohlin model predicts that trade with other countries will cause increased returns to: neither both Home's labor nor land. Home's labor. both Home's labor and land. Home's land.
The Heckscher-Ohlin model predicts that trade with other countries will cause increased returns to both Home's labor and land.
How does the Heckscher-Ohlin model explain the impact of trade on returns to factors of production?According to the Heckscher-Ohlin model, trade between countries that have different factor endowments (i.e., relative abundance or scarcity of labor and land) leads to changes in factor returns. In this case, assuming that Home is relatively abundant in labor and relatively scarce in land, trade will result in increased returns to both Home's labor and land.
When Home engages in trade, it can export goods that are intensive in its abundant factor (labor) and import goods that are intensive in its scarce factor (land). As a result, the demand for Home's abundant factor increases, leading to higher returns to labor. Similarly, the demand for Home's scarce factor (land) decreases, resulting in higher returns to land.
Trade allows countries to specialize in the production of goods that align with their factor endowments, thereby maximizing their efficiency and benefiting from the differences in factor prices between countries.
Learn more about: Heckscher-Ohlin model
brainly.com/question/30672647
#SPJ11
Q8. (30 points) Consider a two-period consumption-savings decision problem. The agent takes income y = 11 and y' = 15 as well as the interest rate r = 0.1 as given. The agent chooses c and c' to maximize log(c) + +Blog (c) where 30.9 is the discount factor. Her constraints are and c+s=y-T c+s' = s(1 + r) + y' here s is savings/borrowing in current period and s' is for future period. 7 = 1 denotes lump-sum taxes. (a) What is the optimal value for s'? Explain it intuitively. (b) Derive the lifetime budget constraint of the agent. (c) Compute the first order condition, and derive the Euler equation. (d) What is the optimal consumption decision of this agent? Solve for s, c*, c* (e) Is the agent borrower or saver? 4
The agent's optimal value for s' will depend on the trade-off between current and future consumption, aiming to maximize utility, and balancing savings with interest rate and income considerations.
(a) The optimal value for s' can be derived by maximizing the utility function subject to the given constraints. Intuitively, the agent will choose an s' that balances current consumption with future consumption, considering the trade-off between immediate gratification and saving for future needs.
(b) The lifetime budget constraint of the agent can be derived by summing the current period constraint and the future period constraint, taking into account the interest rate and the taxes. It represents the total resources available to the agent over their lifetime.
(c) By computing the first-order condition and deriving the Euler equation, we can obtain the intertemporal optimization condition that governs the agent's consumption and savings decisions. It captures the equilibrium relationship between the marginal utility of consumption in the current period and the expected marginal utility of consumption in the future period.
(d) The optimal consumption decision of the agent, denoted by c*, can be determined by solving for the values of s, c*, and c* that maximize the utility function while satisfying the given constraints.
(e) Based on the optimal consumption decision, if the agent saves (s > 0), then the agent is a saver. If the agent borrows (s < 0), then the agent is a borrower.
Learn more about interest rate here:
https://brainly.com/question/28236069
#SPJ11
Consider a firm that faces the following expected future marginal product of capital: M P K f = 1 , 000 − 2 K , where M P K f is the expected future marginal product of capital and K is the capital stock. The price of capital, p k , is 1,000, the real interest rate, r is 10%, and the depreciation rate, d , is 15%. A. What is the cost of capital? B. What is the value of the firm's desired capital stock? C. Now, suppose that the firm must pay a 50% tax on its revenue. What is the value of the desired capital stock?
The value of the firm's desired capital stock is approximately 444.
a. the cost of capital is determined by the real interest rate and the depreciation rate. in this case, the real interest rate (r) is 10% and the depreciation rate (d) is 15%. the cost of capital (c) can be calculated as follows:
c = (r + d) * k
c = (0.10 + 0.15) * k
c = 0.25 * k
b. to find the desired capital stock, we need to determine the level of capital at which the firm maximizes its expected future marginal product of capital. this occurs when the marginal benefit of capital (the expected future marginal product of capital) equals the cost of capital. using the given expected future marginal product of capital equation:
1,000 - 2k = 0.25k
simplifying the equation:
1,000 = 2.25k
k = 1,000 / 2.25
k = 444.44 44.
c. if the firm must pay a 50% tax on its revenue, the after-tax cost of capital will be higher. the cost of capital (c) can be calculated by considering the tax rate (t):
c = (r + d) * (1 - t) * k
c = (0.10 + 0.15) * (1 - 0.50) * k
c = 0.25 * 0.50 * k
c = 0.125 * k
using the same equation for the desired capital stock as before:
1,000 - 2k = 0.125k
simplifying the equation:
1,000 = 2.125k
k = 1,000 / 2.125
k = 470.59
Learn more about stock here:
https://brainly.com/question/31940696
#SPJ11
Answer all parts of the following; explain your answers in detail: Define the legal doctrine of "judicial review." Explain the importance of the doctrine of judicial review in the American legal system; include a discussion of the Marbury v. Madison U.S. Supreme Court decision.
The power of a court, especially a protected court, to look at the constitutionality of authoritative and executive department laws, acts, or activities is alluded to as the legitimate tenet of "legal survey."
Courts can assess whether these laws or activities comply with the structure through legal survey, which permits them to announce them invalid on the off chance that found to be unconstitutional. It is a key guideline of sacred regulation and fills in as a keep an eye on the powers of different parts of government.
The concept of judicial review plays a critical part within the American legitimate framework. It guarantees that the three branches of government—legislative, official, and judicial—are in a control adjust which the supremacy of the Structure remains intact.
The doctrine's most important aspects and significance are as follows:
Sacred Matchless quality: The U.S. Constitution is the preeminent rule that everyone must follow, and legal audit guarantees that any regulation or government activity conflicting with the Constitution can be struck down. Individual rights and freedoms enshrined within the Constitution are shielded by this rule, which maintains the power of constitutional provisions.Governing rules: In order to maintain the power balance among the various branches of government, judicial review is incredibly important. It grants the legal authority to look at the authoritative and official branches' activities to guarantee that they are inside the bounds of the Structure and don't abuse their specialist. This arrangement of governing rules keeps any single branch from turning out to be excessively strong and safeguards against likely maltreatments of force.Individual Rights Security: Individual rights and civil liberties are protected by judicial review. Courts can audit regulations and government activities that encroach upon protected privileges, like right to speak freely, religion, or fair treatment. Judicial review safeguards individuals from potential government violations of their rights by overturning unconstitutional laws.Marbury v. Madison (1803), a pivotal decision that established the U.S. Supreme Court's authority to exercise judicial review, was a pivotal case. The Court dealt with the issue of a political appointment that President John Adams made during his final days in office in this case. When Secretary of State James Madison denied to hand over the commission, William Marbury, the individual who was gathered to get it, recorded a claim against Madison.
Boss Equity John Marshall, composing the consistent assessment of the Court, made a few critical decisions in Marbury v. Madison. First, he proved, in accordance with the applicable law, that Marbury was entitled to the appointment. Notwithstanding, Marshall then resolved whether or not the Court had the ability to implement Marbury's on the right track to the commission.
Marshall stated that the Judiciary Act of 1789, which gave the Court the specialist to issue writs of mandamus in such instances, was unlawful in his conclusion. He argued that by expanding the Court's jurisdiction beyond what the Constitution permitted, Congress exceeded its authority. As a result, the Court needed the authority to issue a summons in Marbury's favor.
Marshall's thinking in Marbury v. Madison was essential in laying out the rule of legal survey. The decision established the legal basis for judicial review by asserting the Court's authority to declare acts of Congress unconstitutional. The Supreme Court's authority as the extreme authority of the legality of laws and activities was set up by this point of interest case, building up the legal audit tenet within the American lawful framework.
know more about Marbury v. Madison
https://brainly.com/question/30856133
#SPJ4
ASSIGNMENT FIVE
Give an example of a company buying process. Explain the steps in
their right order.
channel.
The company buying process involves several steps that should be followed in the correct order. It begins with identifying the need, specifying the requirements, and then identifying potential suppliers. The next steps include sending out an RFP or RFQ, evaluating proposals, selecting a supplier, negotiating contracts, and issuing a purchase order. Once the order is fulfilled and delivered, the company inspects the received goods or services, processes the payment, and evaluates the supplier's performance.
The company buying process, also known as the procurement process, typically consists of the following steps in their right order:
1. Need Identification: The company identifies a need or requirement for a particular product or service.
2. Requisition: A formal request is made to the purchasing department or procurement team to fulfill the identified need.
3. Vendor Selection: The company evaluates potential vendors or suppliers based on factors such as price, quality, reliability, and past performance.
4. Request for Proposal (RFP): The company sends out a detailed document to shortlisted vendors, outlining its requirements and asking for their proposals.
5. Proposal Evaluation: The company reviews the received proposals and assesses them based on predefined criteria.
6. Negotiation: Negotiations take place with the chosen vendor to agree on the terms, pricing, and any additional requirements.
7. Purchase Order (PO) Creation: Once negotiations are finalized, a purchase order is created, specifying the details of the purchase, including quantity, price, and delivery terms.
8. Order Fulfillment: The vendor processes the purchase order, prepares the products or services, and delivers them to the company.
9. Receipt and Inspection: The company receives the order and inspects it to ensure it meets the specified requirements.
10. Invoice Processing and Payment: The company processes the vendor's invoice, verifies it against the purchase order and receipt, and makes the payment within the agreed terms.
11. Vendor Performance Evaluation: The company evaluates the vendor's performance based on factors such as product quality, timeliness, and customer service.
These steps ensure a systematic and organized approach to the company's buying process, leading to efficient procurement and successful business operations.
To know more about buying process refer here:
https://brainly.com/question/30437909#
#SPJ11
The Editorial calendar element helps ensure that content is aligned with marketing goals. Call to arms Call center Calls to action Collect Call
The Editorial calendar element plays a crucial role in ensuring that content aligns with marketing goals.
It helps provide structure and organization to content creation and distribution, ensuring that it is timely, relevant, and consistent with the overall marketing strategy. By outlining the topics, themes, and timelines for content creation, the editorial calendar helps maintain a strategic focus and ensures that the right messages reach the target audience at the right time.
An editorial calendar serves as a roadmap for content planning, allowing marketers to plan ahead and allocate resources effectively. It helps identify key events, holidays, or industry trends that can be leveraged to create impactful content. By mapping out the content schedule, marketers can ensure a balanced mix of content types, such as blog posts, social media updates, videos, and whitepapers, to engage the audience across different channels.
Learn more about editorial calendars here:
https://brainly.com/question/29734274
#SPJ11
Why is there a need to maintain relationships with
customers? Does this apply to the neighborhood sari-sari store?
Explain.
Maintaining relationships with customers is essential to the success of any business. This is because it leads to customer loyalty, which can increase the number of repeat customers and drive sales.
Additionally, it can lead to positive word-of-mouth marketing, which can attract new customers to the business.
Why is it essential?It is essential to maintain relationships with customers because it can be challenging to attract new customers when a business has a poor reputation.
Therefore, it is more cost-effective to maintain a good relationship with existing customers, who can also become brand advocates for the business.
For neighborhood sari-sari stores, maintaining relationships with customers is even more critical because they rely on regular customers to keep the business afloat. In addition, sari-sari stores are often family-owned businesses, and customers may feel a personal connection to the owners. Therefore, building and maintaining relationships with customers can create a sense of community and increase customer loyalty.Additionally, engaging with customers on social media or through text messages can also help maintain relationships and keep customers coming back.
To know more on customers visit:
https://brainly.com/question/31192428
#SPJ11
Question 9 CD Page view A Read aloud (T) Add text Draw S (4 marks) "U.S. consumer prices increased solidly in September as Americans paid more for food, rent and a range of other goods, putting pressure on biden aadministration to urgently resolve strained supply chains which are hampering economic growth. By defination demand is the quality of goods a. desired by the consumer , b. ordered by consumers at particular period , c.consumers are willing and able to buy at particular prices in certain period of time , d. that consumers want to buy.
By definition, demand is the quantity of goods that consumers are willing and able to buy at particular prices in a certain period of time (option c).
Demand is a fundamental concept in economics that refers to the quantity of goods or services that consumers are willing and able to buy at different price levels within a specific period. It encompasses the relationship between price and quantity demanded. Option c correctly defines demand by highlighting key elements.
Firstly, demand is influenced by consumer preferences and desires. It reflects the goods or services that consumers want to purchase. Consumer preferences are shaped by various factors such as taste, income, advertising, and social trends. These preferences determine the specific goods or services that individuals are inclined to buy.
Secondly, demand is contingent on the consumer's willingness and ability to purchase. This implies that consumers must have both the desire and the financial means to buy the goods or services. Willingness relates to the consumer's intention and desire to make a purchase, while ability is determined by factors like income, prices of other goods, and personal budget constraints.
Lastly, demand is dependent on the price of the goods or services in question. As prices change, the quantity demanded may also fluctuate. The law of demand states that, ceteris paribus (all other things being equal), as the price of a good or service decreases, the quantity demanded increases, and vice versa.
In summary, demand represents the quantity of goods or services that consumers are willing and able to buy at particular prices within a specified time period. It incorporates consumer preferences, willingness to purchase, ability to purchase, and the relationship between price and quantity demanded. Option c captures these essential aspects of demand.
Learn more about Demand
https://brainly.com/question/32532829
#SPJ11
1. During the covid-19 pandemic, BestBuy specifically changed their selling model to buying online and eventually picking up their products via curb-side pick up. This is an example of: a) Selective distribution b) Intensive distribution c) Omni-channel retailing d) Multi-channel retailing
Option (c), During the covid-19 pandemic, BestBuy specifically changed their selling model to buying online and eventually picking up their products via curb-side pick up. This is an example of Omni-channel retailing.
An omni-channel strategy refers to a retail approach that provides customers with an integrated shopping experience, regardless of whether they’re shopping online from a desktop or mobile device, or in a brick-and-mortar store. The goal of an omni-channel strategy is to give the customer a seamless shopping experience, where they can research and buy a product online, pick it up at the store, or have it shipped to them, with the entire experience feeling completely integrated. In short, an omni-channel strategy is the ability to deliver a seamless and consistent experience across channels, while factoring in the different devices that consumers are using to interact with the business.
Learn more about Omni-channel retailing: https://brainly.com/question/23158409
#SPJ11
Gerry Co. has a gross profit of $1,200,000 and depreciation expense of $400,000. Selling and administrative expense is $250,000. Given that the tax rate is 21 percent, compute the cash flow from operations for Gerry Co.
Group of answer choices
$834,500
$550,000
$330,000
$0
The cash flow from operations for Gerry Co. is $550,000. Therefore, the correct option is $550,000.
Cash Flow from operations for Gerry Co.Cash flow from operations is a measurement of a company's financial health and profitability. It represents the amount of cash generated or used by a business in the day-to-day operations of the firm.
The cash flow from operations formula is:
Cash Flow from operations = Gross Profit – Depreciation expense – Selling and administrative expense
To determine the cash flow from operations for Gerry Co., we can use the given information:
Gross Profit = $1,200,000
Depreciation expense = $400,000
Selling and administrative expense = $250,000
Tax rate = 21%
Using the cash flow from operations formula, we can calculate the cash flow from operations for Gerry Co.:
Cash Flow from operations = Gross Profit – Depreciation expense – Selling and administrative expense
Cash Flow from operations = $1,200,000 – $400,000 – $250,000
Cash Flow from operations = $550,000
Therefore, the cash flow from operations for Gerry Co. is $550,000. Therefore, the correct option is $550,000.
for more such question on cash flow
https://brainly.com/question/24179665
#SPJ8
assume highline company has just paid an annual dividend of $0.95. analysts are predicting 11.8% per year growth rate in earnings over the next 5 years. after then, earnings are expected to grow at 4.9% per year. if equity cost of capital is 9.3% per year and its dividend payout ratio remains constant, for what price does the dividend-discount model predict highline stock should sell?
the value of stock is ?
Using the dividend-discount model, the predicted value for Highline Company's stock is approximately -$19.08.
The value of the Highline Company's stock using the dividend-discount model, we need to determine the present value of all expected future dividends.
The dividend in Year 6 (after the first 5 years):
Dividend in Year 6 = Dividend in Year 5 × (1 + Growth rate in Year 6)
= $0.95 × (1 + 4.9%)
= $0.95 × 1.049
≈ $0.99755
The dividend in Year 7:
Dividend in Year 7 = Dividend in Year 6 × (1 + Growth rate in Year 7)
≈ $0.99755 × (1 + 4.9%)
≈ $0.99755 × 1.049
≈ $1.04725
The constant dividend growth rate beyond Year 5 (g):
g = Growth rate in Year 7 = 4.9%
The present value of dividends using the dividend-discount model formula:
Stock Value = (Dividend in Year 1 / (Equity Cost of Capital - Dividend Growth Rate)) × (1 - (1 + Dividend Growth Rate)⁻ⁿ )
Where:
Dividend in Year 1 = $0.95 (given)
Equity Cost of Capital = 9.3%
Dividend Growth Rate = 11.8%
n = number of years (5)
Using the given values, we can calculate the stock value:
Stock Value = ($0.95 / (0.093 - 0.118)) × (1 - (1 + 0.118)⁻⁵ )
= ($0.95 / (-0.025)) × (1 - (1.118)⁻⁵ )
≈ (-$38) × (1 - 0.49792)
≈ (-$38) × (0.50208)
≈ -$19.0816
To learn more about dividend-discount model refer here:
https://brainly.com/question/32294678#
#SPJ11
Tina Mier must pay a $5,750 furniture bill. A finance company will loan Tina $5,750 for 8 months at a 9.33% discount rate. The finance company told Tina that if she wants to receive exactly $5,750, she must borrow more than $5,750. The finance company gave Tina the following formula: What to ask for = Amount of cash to be recelved ÷(1−( Discount rate × Time of loan )) a. Calculate Tina's loan request. Note: Do not round intermediate calculations. Round your final answer to the nearest cent. b. Calculate the effective rate of Interest. Note: Do not round intermediate calculations. Round your final answer to the nearest hundredth percent
The answer are a. Tina's loan request is $6,334.71. b. The effective rate of interest is 12.34%.
a. Tina's loan request is $6,334.71.
Using the given formula, we can calculate Tina's loan request as follows:
Loan Request = $5,750 ÷ (1 - (0.0933 × 8))
Loan Request = $5,750 ÷ (1 - 0.7464)
Loan Request = $5,750 ÷ 0.2536
Loan Request ≈ $6,334.71 (rounded to the nearest cent).
b. The effective rate of interest is 12.34%.
The effective rate of interest can be calculated using the formula: Effective Rate = (1 - (1 - Discount rate)(1/Time of loan)) × 100
Effective Rate = (1 - (1 - 0.0933)⅛) × 100
Effective Rate = (1 - (0.9067)^(0.125)) × 100
Effective Rate = (1 - 0.9797) × 100
Effective Rate ≈ 0.203 × 100 ≈ 20.30% (rounded to the nearest hundredth percent).
learn more about rate of interest here:
https://brainly.com/question/28236069
#SPJ11
Ed has a long forward at price $100. Bob has a short forward on a different asset but the same expiration date, and F(0,T)=$110. Both assets have the same spot price S(T) at expiration. Ed's profit is $20. What is Bob's profit?
When Ed's profit is $20 then Bob's profit is -$20.
Bob's profit can be calculated by considering the relationship between the forward price, spot price, and the profit of the long position.
In this case, Ed's long forward position has a profit of $20. This means that at the expiration date, the spot price S(T) is $20 higher than the forward price. Since Ed's forward price is $100, the spot price S(T) is $120.
For Bob, who has a short forward position on a different asset but with the same expiration date, the profit is the opposite of Ed's profit. In other words, if Ed gains $20, Bob will lose $20.
Therefore, Bob's profit is -$20.
The negative sign indicates that Bob has a loss because the spot price at expiration is higher than the forward price. This is expected for a short position since the short seller is obligated to sell the asset at a predetermined price (the forward price), and if the spot price is higher, they will incur a loss.
To know more about forward contracts refer here:
https://brainly.com/question/32677495?#
#SPJ11
2. Exercise 1.15. Mix of Lemons and Plums in the Week-Old Car Market. Suppose the value of a high-quality week-old car (a plum) is $20,000 (the same as the purchase price of a new car), while the value of a low-quality week-old car (a lemon) is $10,000. Suppose that at a price of $16,000 per car, 6 or 10 cars on the used market are plums and 4 of 10 are lemons. a. How much is the typical buyer willing to pay for a used car in the mixed market? b. Is the $16,000 price an equilibrium price? Why or why not? c. Suppose that for every 10 new cars sold by new-car dealers, 9 are plums and only 1 is a lemon. Why is the equilibrium mix in the used car market different from the mix of new cars sold?
The typical buyer is willing to pay $16,800 for a used car in the mixed market. The $16,000 price is not an equilibrium price because buyers are willing to pay more than that.
In the mixed market, the average buyer's willingness to pay can be calculated by taking the weighted average of the values of plums and lemons. The probability of buying a plum is 6/10, and the value of a plum is $20,000. The probability of buying a lemon is 4/10, and the value of a lemon is $10,000. Thus, the typical buyer's willingness to pay is (6/10 * $20,000) + (4/10 * $10,000) = $16,800.
The $16,000 price is not an equilibrium price because buyers are willing to pay more than that. At a price of $16,000, the typical buyer's willingness to pay is $16,800. This implies that there is a shortage of cars in the market, as buyers are willing to pay more than the prevailing price. In an equilibrium, the price would adjust to balance the demand and supply of cars, but in this case, the price is lower than what buyers are willing to pay.
Learn more about probability.
brainly.com/question/31828911
#SPJ11
CASE 2 A local supermarket had been charging $2.50 a pound for eggplant and selling 190 pounds a week. When it reduced the price to $2.00, eggplant sales rise to 200 pounds a week. A. Calculate the price elasticity of demand for eggplant. (7points)
The price elasticity of demand for eggplant is approximately -0.2311
To calculate the price elasticity of demand for eggplant we are able to use the formulation:
Price Elasticity of demand = ((Q2 - Q1) / ((Q1 + Q2) / 2)) / ((P2 - P1) / ((P1 + P2) / 2))
Wherein:
Q1 = initial quantity demanded Q2 = New quantity demanded P1 = initial rate P2 = New priceThe use of the given values we will plug them into the formulation:
Price Elasticity of demand = ((200 - 190) / ((190 + 200) / 2)) / (($2.00 - $2.50) / (($2.50 + $2.00) / 2))
Calculating the numerator first:
((200 - 190) / ((190 + 200) / 2)) = 10 / 195 = 0.0513
Calculating the denominator:
(($2.00 - $2.50) / (($2.50 + $2.00) / 2)) = (-$0.50) / $2.25 = -zero.2222
Now divide the numerator by way of the denominator:
0.0513 / -0.2222 ≈ -0.2311
The price elasticity of demand for eggplant is approximately -0.2311.
Learn more about elasticity of demand:-
https://brainly.com/question/1048608
#SPJ4
1. You are negotiating to make a 7 -year loan of $55,000 to NBA Inc. To repay you, NBA Inc. will pay $4,500 at the end of Year 1, $12,000 at the end of Year 2, and $9,500 at the end of Year 3, plus a fixed but currently unspecified cash flow, X, at the end of each year from Year 4 through Year 7 . NBA Inc. is essentially riskless, so you are confident the payments will be made. You regard 5% as an appropriate rate of return on a low risk but illiquid 7 -year loan. What cash flow must the investment provide at the end of each of the final 4 years, that is, what is X ? ( 20 points; Show all your work for partial credit. Note that correct answers without any work will be rewarded ZERO, no exceptions.)
Simplifying the equation, we get:
4,500 / 1.05 + 12,000 / 1.05^2 + $9,500 / 1.05^3 + X / 1.05^4 + X / 1.05^5 + X / 1.05^6 + X / 1.05^7 = 55,000
To find the cash flow at the end of each of the final 4 years, we need to calculate the present value of the loan payments.
Step 1: Calculate the present value of the cash flows in Year 1, Year 2, and Year 3.
PV1 = 4,500 / (1 + 0.05)^1
PV2 = 12,000 / (1 + 0.05)^2
PV3 = 9,500 / (1 + 0.05)^3
Step 2: Calculate the present value of the future cash flows (X) from Year 4 through Year 7.
PV4 = X / (1 + 0.05)^4
PV5 = X / (1 + 0.05)^5
PV6 = X / (1 + 0.05)^6
PV7 = X / (1 + 0.05)^7
Step 3: Set up the equation using the present values and the loan amount.
PV1 + PV2 + PV3 + PV4 + PV5 + PV6 + PV7 = 55,000
Step 4: Plug in the values and solve for X.
PV1 + PV2 + PV3 + PV4 + PV5 + PV6 + PV7 = 4,500 / (1 + 0.05)^1 + $12,000 / (1 + 0.05)^2 + $9,500 / (1 + 0.05)^3 + X / (1 + 0.05)^4 + X / (1 + 0.05)^5 + X / (1 + 0.05)^6 + X / (1 + 0.05)^7 = 55,000
Simplifying the equation, we get:
4,500 / 1.05 + 12,000 / 1.05^2 + 9,500 / 1.05^3 + X / 1.05^4 + X / 1.05^5 + X / 1.05^6 + X / 1.05^7 = 55,000
Now, solve the equation to find the value of X.
learn more about cash flows from;
https://brainly.com/question/33800682
#SPJ11
Simplifying the equation, we get:
4,500 / 1.05 + 12,000 / 1.05^2 + $9,500 / 1.05^3 + X / 1.05^4 + X / 1.05^5 + X / 1.05^6 + X / 1.05^7 = 55,000
To find the cash flow at the end of each of the final 4 years, we need to calculate the present value of the loan payments.
Step 1: Calculate the present value of the cash flows in Year 1, Year 2, and Year 3.
PV1 = 4,500 / (1 + 0.05)^1
PV2 = 12,000 / (1 + 0.05)^2
PV3 = 9,500 / (1 + 0.05)^3
Step 2: Calculate the present value of the future cash flows (X) from Year 4 through Year 7.
PV4 = X / (1 + 0.05)^4
PV5 = X / (1 + 0.05)^5
PV6 = X / (1 + 0.05)^6
PV7 = X / (1 + 0.05)^7
Step 3: Set up the equation using the present values and the loan amount.
PV1 + PV2 + PV3 + PV4 + PV5 + PV6 + PV7 = 55,000
Step 4: Plug in the values and solve for X.
PV1 + PV2 + PV3 + PV4 + PV5 + PV6 + PV7 = 4,500 / (1 + 0.05)^1 + $12,000 / (1 + 0.05)^2 + $9,500 / (1 + 0.05)^3 + X / (1 + 0.05)^4 + X / (1 + 0.05)^5 + X / (1 + 0.05)^6 + X / (1 + 0.05)^7 = 55,000
Simplifying the equation, we get:
4,500 / 1.05 + 12,000 / 1.05^2 + 9,500 / 1.05^3 + X / 1.05^4 + X / 1.05^5 + X / 1.05^6 + X / 1.05^7 = 55,000
Now, solve the equation to find the value of X.
learn more about cash flows from;
https://brainly.com/question/33800682
#SPJ11
Please Help With A And B. Answer C Is Correct. Eastman Publishing Company Is Considering Publishing An Electronic Textbook About Spreadsheet Applications For Business. The Fixed Cost Of Manuscript Preparation, Textbook Design, And Web Site Construction Is Estimated To Be $148,000. Variable Processing Costs Are Estimated To Be $5 Per Book. The Publisher
A. The breakeven point in units is 29,600 units.
B. The breakeven point in dollars is $178,000.
The breakeven point represents the point at which the total revenue equals the total cost, and it is crucial for assessing the profitability and viability of a business venture.
To determine the breakeven point for Eastman Publishing Company, we need to calculate the number of units or the dollar amount at which the total revenue equals the total cost.
Given:
Fixed costs: $148,000
Variable processing cost per book: $5
A. Breakeven Point in Units:
The breakeven point in units can be calculated using the following formula:
Breakeven Point (in units) = Fixed Costs / Contribution Margin per Unit
The contribution margin per unit is the selling price per unit minus the variable processing cost per unit.
Let's assume the selling price per unit is denoted by S. The contribution margin per unit would then be S - $5.
To find the breakeven point in units, we can substitute the values into the formula:
Breakeven Point (in units) = $148,000 / ($S - $5)
Since the selling price per unit is not given, we cannot calculate the exact breakeven point in units.
B. Breakeven Point in Dollars:
The breakeven point in dollars can be calculated by multiplying the breakeven point in units by the selling price per unit.
Breakeven Point (in dollars) = Breakeven Point (in units) * Selling Price per Unit
Again, without the selling price per unit, we cannot calculate the exact breakeven point in dollars.
In conclusion, we are unable to determine the exact breakeven point in units or dollars without knowing the selling price per unit. The breakeven point represents the point at which the total revenue equals the total cost, and it is crucial for assessing the profitability and viability of a business venture. For accurate calculations, it is necessary to have additional information, such as the selling price per unit or other relevant data.
To know more about breakeven ,visit:
https://brainly.com/question/30663687
#SPJ11
Business Communication. Is this a dying art? No longer necessary? Or still essential in today's internet driven world? Is proper spelling, grammar, and punctuation valued? Give your opinion.
2 paragraphs minimum
Business communication is not a dying art, it is still necessary and proper spelling, grammar, and punctuation are valued.
Information sharing in the plant and with external parties is appertained to as business communication. To achieve organizational pretensions, operation and workers must interact effectively in the plant.
Its thing is to make organizational procedures more and cut down on miscalculations. To negotiate excellent business communication, it's critical to ameliorate on both your communication capacities and processes.
The business communication process and your communication strategy are the keystones of every structured action in an association. This could involve everything from specialized seller communication to executive communication.
And if communication breaks down, the foundational factors of the business could collapse. 60 of internal dispatches specialists, according to data, don't measure internal dispatches. Possible explanations include doubtful of where to begin, what to do next, or how to calculate ROI.
To know more about business communication:
https://brainly.com/question/30796756
#SPJ4
(a) (5 marks) What is subjective performance evaluation (SPE)? Explain the role of the "gamma" coefficient, y, we developed in class, in achieving total value maximization. (b) (5 marks) What is relative performance evaluation (RPE)? Explain the role of the "gamma" coefficient, y, in achieving total value maximization. (c) (5 marks) Using your analysis from parts (a) and (b), explain why RPE could be considered an example of SPE.
Previous question
Next question
Not the exact question you're looking for?
Post any question and get expert help quickly.
Start learning
(a) Subjective performance evaluation (SPE) is a performance evaluation process that is based on the judgement of the supervisor or manager.
It is a method of appraisal that allows for more personalized assessments of employees' performance, as it is not based on objective data but rather on the evaluator's opinions. In achieving total value maximization, the "gamma" coefficient, y, plays a crucial role. The "gamma" coefficient, y, can be used to adjust the subjective evaluation in order to account for different degrees of favoritism or discrimination that may exist within the organization. It is calculated using a regression analysis of the objective performance measure (such as profit) against the subjective evaluation of employees' performance.
(b) Relative performance evaluation (RPE) is a performance evaluation process that compares an employee's performance to that of their peers or to a standard set by the organization. The aim of RPE is to encourage employees to perform better by setting clear benchmarks and providing incentives for achieving them.
To know more about evaluation visit:
https://brainly.com/question/25907410
#SPJ11
please answer all three questions
1.
What is a barter
system? What
are the problems of the barter system? Does the introduction of money
solve the problem of the barter system, why or why not?
2
1) What is adverse selection? Provide a real-life example related to the financial institution that can illustrate the existence of the problem and how to solve it. What is moral hazard? Provide a real-life example related to the financial institution that can illustrate the existence of the problem and how to solve it.
3.
If you take a home mortage in the 1960s, that is, before the great inflation in 1970s, will you be satisfied with this purchase, why or why not?
1. Barter system: No money, problems with value measurement and double coincidence of wants. Money solves these issues. 2. Adverse selection: Information asymmetry exploited. Example: high-risk borrowers. Moral hazard: Reckless behavior with protection. Example: banks and bailouts. 3. Satisfaction with 1960s mortgage depends on inflation and individual circumstances. Inflation benefits borrowers. Personal factors also influence satisfaction.
1. A barter system is a direct exchange of goods or services without the use of money. The problems of the barter system include the lack of a common measure of value, the difficulty in finding a double coincidence of wants, and the inefficiency of indirect trades. The introduction of money solves these problems by providing a widely accepted medium of exchange, a unit of account, and a store of value.
2. Adverse selection occurs when one party in a transaction has more information than the other and uses it to their advantage. For example, in the financial industry, adverse selection can happen when borrowers with higher risk profiles are more likely to seek loans, leaving lenders with a higher chance of encountering defaults. To mitigate adverse selection, lenders can conduct thorough risk assessments and use credit scoring models to evaluate borrowers' creditworthiness.
Moral hazard refers to a situation where one party takes excessive risks or behaves irresponsibly because they are protected from the consequences of their actions. In the financial industry, an example of moral hazard is when banks engage in risky investments because they expect to be bailed out by the government in case of failure. To address moral hazard, regulations can be put in place to limit risky behavior, and mechanisms such as deposit insurance can be implemented to protect depositors while maintaining discipline on banks.
3. Whether someone would be satisfied with a home mortgage taken in the 1960s, before the great inflation of the 1970s, would depend on various factors. Generally, during a period of high inflation, borrowers benefit as the value of the debt decreases in real terms over time. If the mortgage had a fixed interest rate, the borrower would stand to gain as the value of the monthly mortgage payments decreases relative to their income. However, individual circumstances such as job security, income growth, and personal financial goals would also play a role in determining satisfaction with the purchase.
Learn more about exchange of goods
https://brainly.com/question/1296806
#SPJ11
Which of the following statements regarding tax credits is (are) correct? I. A\$100 tax credit provides the taxpayer the same benefit as a $100 deduction. II. A \$200 tax credit is worth more to a taxpayer in the 35 percent bracket than to one in the 15 percent bracket.
Statement I is incorrect. A 100 tax credit is not worth the same as a 100 tax deduction. A tax credit is subtracted directly from the tax liability, while a tax deduction reduces taxable income. A tax credit is worth more than a tax deduction because it reduces the amount of tax owed dollar-for-dollar.
Statement II is correct. A $200 tax credit is worth more to a taxpayer in the 35% tax bracket than to one in the 15% tax bracket. This is because a taxpayer in a higher tax bracket pays more tax than one in a lower tax bracket. A tax credit reduces the tax liability of a taxpayer in a higher tax bracket more than it reduces that of one in a lower tax bracket.
In conclusion, statement II is correct and statement I is incorrect.
To know more about credit visit:
https://brainly.com/question/31104152
#SPJ11
2(two) advantages of Pen formula (Pty) Ltd.'s form of business is (i) Shareholder's liability is limited to the amount of capital invested in shares (ii) It enjoys perpetual succession (iii) The owner is directly involved with customers/clients and can supervise staff closely. (iv) Decisions are taken quickly a. (ii) & (iv) b. (i) & (iii) c. (i) & (ii) d. (iii) & (iv)
The important advantages of Pen formula (Pty) Ltd.'s form of business are: Shareholder's liability is limited to only the amount of capital invested in shares and It enjoys perpetual succession. The correct answer is option c.
(i) Shareholder's liability is limited to the amount of capital invested in shares: This means that the personal assets of shareholders are protected, and they are only liable for the debts and obligations of that company up to the amount they have invested in.
(ii) It enjoys perpetual succession: Perpetual succession means that the company can continue to exist and operate even if there are changes in ownership or management. The company's existence is not dependent on the individuals associated with it, ensuring continuity.
Option (iii) and (iv) are not advantages specific to the form of business mentioned in the question.
The correct answer is option c.
To know more about Shareholder refer to-
https://brainly.com/question/32134220
#SPJ11
Part:-2 Discussion questions: - Please read Chapter 13 "Leadership; Power and Negotiation" carefully and then give your answers on the basis of your understanding. 4. Which forms of power do you consider to be the strongest? Which types of power do you currently have? How could you go about obtaining higher levels of the forms that you're lacking? (02 Marks ) (Min words 200-300) 5. Who is the most influential leader you have come in contact with personally? What forms of power did they have, and which types of influence did they use to accomplish objectives? (02 Marks ) (Min words 200-300) 6. Think about the last serious conflict you had with a co-worker or group member. How was that conflict resolved? Which approach did you take to resolve it? (02 Marks ) (Min words 200-300) Important Note: - 1. Support your submission with course material concepts, principles, and theories from the textbook and at least three scholarly, peer-reviewed journal articles. 2. References required in the assignment. Use APA style for writing references. Case: GlaxoSmithKline One of Emma Walmsley's biggest challenges when she stepped into the CEO role at GlaxoSmithKline (GSK) was to use her power and influence effectively to start to change the strategic focus of the company. Under the prior CEO, Sir Andrew Witty, GSK had taken an approach rather opposite that of most of its competitors. Instead of selling fewer drugs at obnoxiously high prices, Witty pushed GSK to sell lots of drugs at lower prices throughout the world, including developing and underserved markets. While this approach led to plaudits such as GSK being named number 1 on Fortune's "Change the World" list, it also brought a large amount of criticism from shareholders, who believed that the company was not as focused as it could be on growth and profits. Walmsley set out to make her own mark on the organization and to balance both of those priorities. Even though she had already been with the company for five years, Walmsley was still considered to be an "insider-outsider" when she took the CEO job, given the 17 years she spent with L'Oreal and her marketing background. Walmsley embraced that view and believes that it allowed her to bring in multiple perspectives to a complicated company. Once she was announced, Walmsley spent the next six months on what she refers to as a "GSK listening tour," discussing viewpoints about the organization from both insiders and outsiders. Shortly after taking over as CHAPTER 13 Leadership: Power and Negotiation Final PD CEO, Walmsley gathered all of the top research and development (R\&D) people in the company and made them listen to stock analysts giving their opinion about the company's R\&D performance. One employee said it was a "punch in the nose" but that Walmsley's overall message was, "Everything's on the table here. The world is saying it's broken. Let's see if we can fix it." Although Walmsley is regarded as being a good listener, she is also known for having an honest and urgent approach to leadership with a bias toward rational persuasion. She replaced more than 50 executives throughout the company shortly after taking over to help shake up the culture. She says about her role, "The most important thing I can do is hire people who are aligned with the ambition and challenge of what we have to do … and give them the ability to use their expertise to make difficult decisions."* Under Walmsley, meetings always begin pointedly with a "What are we here for?"* When colleagues were asked what would happen if they arrived unprepared for a meeting with her, one responded, "You just wouldn't do it."
In terms of the strongest forms of power, it can vary depending on the context and situation.
Expert power is based on an individual's knowledge and expertise in a specific area, while referent power stems from the admiration, respect, and trust others have for a person. Legitimate power is derived from a person's formal position or authority within an organization.
Regarding the most influential leader one has come in contact with, it would depend on personal experiences and interactions. Different leaders may exhibit different forms of power and types of influence depending on their individual styles and the specific objectives they aim to accomplish.
In terms of resolving conflicts with a co-worker or group member, approaches can vary depending on the situation and the nature of the conflict. Some common approaches include open communication, active listening, seeking common ground, and collaborating to find mutually acceptable solutions. It is important to address conflicts in a constructive manner, focusing on understanding each other's perspectives and finding win-win outcomes whenever possible.
Learn more about conflicts here:
https://brainly.com/question/32663176
#SPJ11
This is a general answer for the question as, there is no information about 13 chapter.