The following data are taken from the income statement columns of the worksheet of a merchandising business prepared for the year ended December 31, 2002. Net Income Br. 12,500 Sales 45,000 Income Summary 10,000 Dr. and 6,000 Cr. Gross Purchase 19,750 Purchase Ret. & Allowances 200 Purchase Discount 50 BASED ON THE DATA GIVEN ABOVE ANSWER QUESTIONS 7-9 7. What is the total cost of goods sold for the year?
At the give up of the year, the products that had been now not sold are subtracted from the sum of starting stock and extra purchases. The remaining range derived from the calculation is the value of goods offered for the year.
How do you calculate whole value of items offered for the year?At a fundamental level, the fee of items bought method is: Starting inventory + purchases − ending inventory = price of goods sold.
What is the value of items offered for the year?How to Calculate Cost of Goods Sold. If you're calculating the price of items sold in a year, add your stock cost at the establishing of the yr and any purchases — which include materials, labor and indirect overhead costs — made at some stage in the year. Then subtract your inventory value at the give up of the year.
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Joy Lee works in the accounting department of Campton Manufacturing.
Today she will use the firm's ledger to summarize information that was
posted over the most recent time period. Her goal is to determine if the
accounts are balanced as required by the double-entry method of
bookkeeping. To be sure they are correct, Joy Lee will prepare a(n)
O trial balance.
account analysis.
balance sheet.
statement of cash flows.
To be sure they are correct, Joy Lee will prepare a(n) trial balance.
Why will the trial balance be made?Joy Lee will prepare a(n) trial balance to determine if the accounts are balanced as required by the double-entry method of bookkeeping. A trial balance is a statement that lists all the accounts in the ledger and their balances, to ensure that the total debit balance equals the total credit balance.
It is used to verify the accuracy of the accounting records and to identify any errors that may have occurred during the posting process. An account analysis is a detailed review of an individual account, whereas a balance sheet and statement of cash flows are financial statements that report a company's financial position and cash flows, respectively.
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The law of demand with the help of a hypothetical numerical example or schedule
the price of apples increases from $1.00 to $2.00 per apple, the quantity demanded of apples decreases from 10 to 2 apples per day. This illustrates the law of demand and highlights the inverse relationship between price and quantity demanded.
The delta of a derivatives portfolio dependent on the S&P 500 index is -2,100.The S&P 500 index is currently 1,000. Estimate what happens to the value of the portfolio when the index increases to 1,005.
The delta of a derivatives portfolio measures the sensitivity of the portfolio's value to changes in the underlying asset (in this case, the S&P 500 index). A delta of -2,100 means that for every 1-point increase in the index, the value of the portfolio decreases by $2,100, and for every 1-point decrease in the index, the value of the portfolio increases by $2,100.
To estimate what happens to the value of the portfolio when the index increases from 1,000 to 1,005, we can use the delta and the following formula:
Change in portfolio value = Delta × Change in underlying asset value
In this case, the change in underlying asset value is:
Change in underlying asset value = 1,005 - 1,000 = 5
Substituting the given values, we get:
Change in portfolio value = -2,100 × 5
Change in portfolio value = -10,500
Therefore, when the S&P 500 index increases from 1,000 to 1,005, the value of the derivatives portfolio is to decrease by $10,500.
The comparison and contrasting of the tax administration system in Namibia and other countries
In many ways, Namibia's tax administration system is comparable to that of other nations, including the collection of funds to support governmental operations and the provision of services to taxpayers. There are, however, other distinctions that make it unique.
Namibia has a very sophisticated tax administration system with a focus on taxpayer education and compliance when compared to several other African nations. Technology has also been used to simplify tax collection and lower fraud.
Namibia's tax structure is simpler and less complicated than that of wealthy nations. Also, it relies less on direct taxes like income tax and more on indirect taxes like value-added tax (VAT).
Generally, Namibia's tax administration system has some features in common with those of other nations, but it also has some key distinctions that reflect the economy of the nation.
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How can I start a business with no money?
Explanation:
Starting a business with no money can be a challenging task, but it is not impossible. Here are some steps you can take to get started:
Identify your skills and talents: Consider your skills, expertise, and knowledge to determine what type of business you can start with little or no money.Research your market: Conduct market research to identify what products or services are in demand in your area. This will help you determine what type of business you can start and what your potential customers might be willing to pay for.Create a business plan: Develop a detailed business plan that outlines your goals, target market, marketing strategy, revenue streams, and expenses. This will help you stay focused and organized as you start your business.Use free resources: Take advantage of free resources such as social media platforms, networking events, and online marketplaces to promote your business and connect with potential customers.Offer your services for free: Initially, you may need to offer your products or services for free or at a reduced price to gain exposure and build your customer base.Seek out funding opportunities: Consider applying for grants or loans from government agencies, non-profit organizations, or microfinance institutions to help fund your business.Be resourceful: Be creative and resourceful in finding ways to save money and reduce expenses. For example, you can work from home, use free or low-cost marketing tools, or barter with other businesses to exchange goods or services.Starting a business with no money requires persistence, creativity, and hard work. But with the right mindset and approach, it is possible to turn your dreams into a successful reality.
If you were to ask Rosely and her father what the main problem was in running their firm, their answer would be quick and short: hiring good people. Originally begun as a string of coin-operated laundromats requiring virtually no skilled help, the chain grew to six stores, each heavily dependent on skilled managers, cleaner/ spotters, and pressers. Employees generally have no more than a high school education, and the market for them is very competitive. Over a typical weekend, literally dozens of want ads for experienced pressers or cleaner/spotters can be found in area newspapers. All these people usually are paid around $15 per hour, and they change jobs frequently.
Rosely and her father thus face the continuing task of recruiting and hiring qualified workers out of a pool of individuals they feel are almost nomadic in their propensity to move from area to area and job to job. Turnover in their stores (as in the stores of many of their competitors) often approaches 400%. “Don’t talk to me about human resources planning and trend analysis,” says Rosely. “We’re fighting an economic war, and I’m happy just to be able to round up enough live applicants to be able to keep my trenches fully manned.”
2. Provide a detailed list of recommendations concerning how they should go about increasing their pool of acceptable job applicants so they no longer face the need to hire almost anyone who walks in the door.
1. How would you recommend they go about reducing the turnover in their stores?
To reduce turnover in their stores, Rosely and her father can consider implementing to offer competitive wages and improving working conditions.
Offering competitive wages and benefits would provide the competitive market for skilled workers, they should consider offering higher wages and benefits to attract and retain employees. And improving working conditions, they make the work environment more pleasant and comfortable for employees. This can include providing appropriate tools and equipment, improving the lighting and ventilation, and ensuring that the workstations are ergonomically designed.
To increase their pool of acceptable job applicants, Rosely and her father can consider implementing to offer referral bonuses and advertising job openings on social media. By offering referral bonuses, they can offer current employees a bonus for referring qualified candidates for open positions and through advertising job openings on social media they can create a broad network. Social media platforms like LinkedIn and more can be effective ways to reach potential job applicants.
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On the work experience section of a resume, what goal should Sharon aim for when writing the bullet points for each of her jobs?
A.
longevity
B.
specificity
C.
outlandishness
D.
generalizability
Answer:
Explanation:
B. specificity
1. Explain, in detail (because we need enough context to properly respond to
the situation) a stressful situation at work. Please describe the perspective
from differing perspectives of people involved in the scenario (as best as
you can).
One possible scenario of a stressful situation at work could involve a missed deadline on a critical project. The perspectives of different individuals involved in the scenario are described below:
Manager's Perspective: The manager is responsible for ensuring that the project is completed on time and within budget. The missed deadline puts the project at risk, which could lead to financial losses for the company. The manager is under immense pressure from upper management to get the project back on track, which adds to the stress. The manager is likely to be upset with the team members who missed the deadline and may need to allocate additional resources to get the project completed.
Team Member's Perspective: The team member responsible for the missed deadline may feel embarrassed, anxious, and stressed. They may fear reprimands from the manager and the team, and the pressure to catch up on the lost time can add to their stress. The team member may feel the need to work longer hours to catch up, which could lead to burnout.
Colleague's Perspective: Other colleagues who were not directly involved in the project may also feel the impact of the missed deadline. They may need to shift their priorities to help the team member catch up, which could cause stress due to increased workload and the fear of falling behind on their own projects. They may also feel disappointed that the team member missed the deadline, as it reflects poorly on the team as a whole.
Customer's Perspective: If the project is critical to the customer, they may be unhappy with the missed deadline. They may lose confidence in the team's ability to deliver and may consider switching to another company. The customer may demand compensation for the delay, which could further add to the company's financial losses.
In summary, a missed deadline on a critical project can cause stress and anxiety for multiple individuals involved in the scenario, including the manager, team member, colleagues, and customer. Each person may have a different perspective and experience of the situation, but all are impacted in some way. Effective communication, problem-solving, and collaboration are essential to navigate through this stressful situation and ensure that the project is completed successfully.
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Match the terms to the correct definitions.
1. amount of a bond originally lent; also known as face value premium
2. rate that determines interest payments cost
3. loan with interest paid at intervals for a defined period of time coupon rate
4. when a bond’s cost is more than its principal principal
5. how much the bond was sold for yield
6. rate of return on a bond if held until the maturity date bond
Principal: The amount of a bond originally lent; also known as face value.Coupon rate: The rate that determines interest payments.Bond: A loan with interest paid at intervals for a defined period of time.
Premium: When a bond’s cost is more than its principal.Yield: How much the bond was sold for.Cost: Rate of return on a bond if held until the maturity date.These terms are important to understand in the context of bonds, which are a type of fixed income security. The principal is the amount of money that the investor loans to the bond issuer, and the coupon rate is the interest rate that the issuer agrees to pay on that loan. The bond is a contractual agreement between the issuer and the investor, with the yield reflecting the return on the investment. If the bond's cost is more than its principal, it is considered to have a premium, and if the cost is less than the principal, it is considered to have a discount.
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Identify what can happen to an entrepreneur who is personally liable for their business in cases of legal, financial, or other business problems.
Answer: an entrepreneur who is liable for their business can have major problems for a business like earning less money they can still have a business but it will be hard to have co workers in the business
Explanation:
The distinction between Buddhist practices and non-Buddhist practices is straightforward.
True. Like other religions, the distinction between what is Buddhist and what is not is straightforward
False. Unlike other religions, Buddhist practices are hard to separate from other cultural practices.
False. Like other religions, Buddhist practices blends with other cultural practices.
True. If a practice aims at solving the problem of suffering, then it is Buddhist.
Why is some solitude beneficial for Buddhist practice?
Because it gives you more time to meditate.
Because it focuses experience on the whole instead of the self, and thus increases compassions for others.
Because solitude is essential to the Buddhist lifestyle.
Because most social expectations require some self-image way of relating to the world.
Buddhist think that understanding the idea of impermanence is relatively straightforward, but incorporating it into the way we see the world is a hard, long-term goal.
False. The most important part of in the Buddhist journey is the intellectual understanding of the crucial ideas.
True. That is one of the reasons why practice is paramount in the Buddhist tradition.
True. This is only the case for impermanence, though.
False. This is one of the few important Buddhist
According to Buddhists, what is one of the main psychological benefit of coming to grips with the reality of impermanence?
The ability to find meaning and purpose in one's everyday life
The ability to correctly frame or conceptualize what is happening around us
The ability to avoid experiencing the pain of losing something we love.
The ability to put into perspective, and thus to cope with, loses what seems otherwise devastating
Unlike other religions, Buddhist practices blend with other cultural practices, and it can be challenging to separate them.
What are the cultural practices of Buddhism?A lot of Buddhist rituals are performed out of respect and veneration. Making merit, bowing, presenting offerings, chanting, meditating on the virtues expressed by particular bodhisattvas or buddhas (such as compassion and wisdom), and going on pilgrimage is among the most popular forms of adoration practices.
Buddhist practice benefits from some isolation since it directs experience towards the entire rather than the individual and, as a result, heightens compassion for others. One of the most important aspects of Buddhist practice is the ability to study one's own thoughts and develop an understanding of the nature of reality. The potential to develop mindfulness, focus, and insight—all crucial elements of Buddhist meditation—can also be found in solitude.
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Irene is looking for jobs in the university administrator field. If she wants to maximize her salary, what’s a simple way to filter her search to the positions that are most likely to be highest paid?
A.
only look at public universities
B.
only look at small colleges
C.
only look at Ivy League universities
D.
only look for positions in large cities
Only look at Ivy League universities is the simple way to filter her search to the positions that are most likely to be highest paid.
If Irene wants to maximize her salary, looking for positions in Ivy League universities may be the best option. These universities are known for offering high salaries to their employees, including administrators. However, it's important to note that these positions are also highly competitive, and Irene may need to have a strong education background and relevant experience to be considered for a position. Universities are institutions of higher education that offer a wide range of academic programs, research opportunities, and student services. They play a crucial role in society by producing skilled graduates, advancing knowledge through research, and fostering innovation. Universities vary in size, mission, and structure, and can be public or private.
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Organizations form teams because effective teams usually___________
a) respond more quickly
b) are more impressive
C) encourage conflict
Organizations form teams because effective teams usually respond more quickly.
The entire team and the business can frequently profit much from effective teamwork. An effective team can collaborate to foster ideation and creativity, attacking issues with original approaches.
Collaboration frequently increases productivity and helps to produce better business outcomes. Employees may become more motivated by participating in productive teams. They are able to acknowledge their efforts and bear some responsibility for the accomplishments of an organization. Whether working alone or as a member of a dysfunctional team, individuals may experience stress that successful teams can help alleviate.
Therefore, teams are created by organizations because they can react quicker, work more productively, and can also make better judgments.
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Answer: reduce individual risk
Explanation:
Matthews Industries' stock currently sells for $60 a share. It just paid a dividend of $2.76 a share (that is, Do=$2.76). The
dividend is expected to grow at a constant rate of 7.6 percent a year. What stock price is expected 1 year from now?
O a. $71.66
O b. $67.53
O c. $60.00
O d. $55.76
O e. $64.56
Respass Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 160,000 Annual cash flow $ 54,000 per year Salvage value at the end of the project $ 11,000 Expected life of the project 4 years Discount rate 15% Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to:
NOTE : I got an overview of the answer BELOW BUT I want to clarify HOW THE ´´1.12´´ value is obtained please?
For me I would have had ´´1.15´´ (1+0.15 where 0.15 is the 15% discount rate).
Kindly help me to clarify this please.
EXPECTED ANSWER IS CORRECT: $516
The net present value of the project by Respass Corporation is closest to $462.
What is the net present value?The net present value is the difference between the present values of the cash inflows and cash outflows over an investment period.
The present value is the discounted future value at an interest rate.
Initial investment = $160,000
Annual cash flow = $54,000 per year
Salvage value at the end of the project =$11,000
Expected life of the project = 4 years
Discount rate = 15%
Present value annuity factor of 15% for 4 years = 2.855
Present value factor of 15% for 4 years = 0.572
The net present value of the project:Initial investment = -$160,000
Annual cash flow = $154,170 ($54,000 x 2.855)
Salvage value = $6,292 ($11,000 x 0.572)
Net present value = $462 ($154,170 + $6,292 - $160,000)
Thus, the net present value is $462.
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Discuss how the presentation of financial information in the enron case incorrectly influenced the decision of any of the users of financial information.
Investors: The incorrect presentation of financial information in the Enron case influenced shareholders' investment decisions. The business
The presentation of financial data in the Enron case was h
What exactly are examples and information?
Information image result
It is a collection of data that has been organised for direct human use, as information aids humans in their decision-making process. receipts, reports, and so on are examples.
What is information and what kinds of information are there?
It is knowledge that has been gained or shared through study, instruction, investigation, or news, and it is shared through the act of communicating, whether verbally, nonverbally, visually, or in writing. Intelligence, message, data, signal, or fact are all names for information.
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Which of the following statements is the best description of how scientific management viewed employees?
Employees are like machines that must be programmed to perform in a certain way.
Most employees are creative and intelligent individuals who should be given a great deal of freedom
and flexibility in how they perform their jobs.
Employees will only exert their maximum effort if they believe that their goals are attainable.
Employees are individuals who do not respond in the same way to a particular
management style.
Employees are like machines that must be programmed to perform in a certain way is the best description of how scientific management viewed employees
How are the employees viewed?The statement "Employees are like machines that must be programmed to perform in a certain way" is the best description of how scientific management viewed employees. Scientific management, also known as Taylorism, was a management approach developed by Frederick Winslow Taylor in the late 19th century that aimed to improve efficiency and productivity in the workplace.
Taylor believed that work should be analyzed scientifically and that employees should be trained and directed to perform tasks in the most efficient way possible. This approach viewed employees as cogs in a machine, whose behavior and performance could be optimized through precise instruction and monitoring. Therefore, the statement that employees are like machines that must be programmed to perform in a certain way accurately represents how scientific management viewed employees.
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A portfolio manager’s client invests in a fund with total assets of $14,200,000, total liabilities of $1,500,000, and a total of 50,000 shares outstanding. Calculate the NAVPS for this fund. Answer using complete sentences.
Answer: $254
Explanation:
The NAVPS (Net Asset Value Per Share) for the given fund can be calculated as the difference between the total assets and the total liabilities divided by the total number of shares outstanding:
NAVPS = (Total assets - Total liabilities) / Total shares outstanding
Substituting the given values, we get:
NAVPS = ($14,200,000 - $1,500,000) / 50,000
= $12,700,000 / 50,000
= $254
Therefore, the NAVPS for the given fund is $254 per share. This means that for every share held by the client, they own a portion of the underlying assets of the fund worth $254. It is important to note that the NAVPS may fluctuate over time as the value of the underlying assets and liabilities of the fund changes.
New slides can be added to a presentation by _____.
selecting the new slide option from the Insert menu A
clicking in the slide view B
clicking on the new slide icon C
selecting the new slide option from the Slide Show menu D
Remember: This is a multi select answer
New slides can be added to presentation by clicking on the new slide icon.
What is a presentation?A presentation is a method of communicating information to an audience using various media such as slides, diagrams, images, and spoken words. The goal of a presentation is to convey a message effectively, educate or inform the audience, persuade them to take a specific action, or entertain them. Presentations can be used in various settings, such as in business meetings, educational lectures, conferences, and sales pitches. A well-designed presentation should be clear, concise, and engaging, with a logical flow of information that supports the main points being made. Visual aids should be used to enhance the presentation, but not overwhelm or distract the audience. A successful presentation should leave a lasting impression on the audience and achieve the desired outcome.
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Answer: A & C
This is 100% correct
Explanation:
Complete the following sentences.
Roth IRA has restrictions. Traditional IRA has restrictions. An individual can contribute up to $5,500 into .
An individual can contribute up to $5,500 to both Roth IRA and Traditional IRA.
What is the difference between Roth IRA and Traditional IRA?Roth IRA is an individual retirement account offering tax-free growth and tax-free withdrawals in retirement because the contributions are based on after-tax income.
On the other hand, a Traditional IRA means that contributions are based on pre-tax incomes, therefore, the investment grows tax-deferred, and withdrawals are taxed as current income in retirement.
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1. Conceptual skills consist of the job-specific knowledge needed to perform well in a specialized Field and technical Skill, consist of the ability to think analytically, to visualize an organization as a whole and understand how parts work together.
True/ False
2.The perception that all people in a certain group share common Attitudes,Values, and beliefs is known as stereotyping.
True/ False
3.The Management Function of leading is defined as monitoring performance, comparing it with goals and taking corrective action as needed and Controlling is defined as motivating, directing, and otherwise influencing people to work hard to achieve Organization Goals.
True/False
4.Social Responsibility is the notion that Corporations are expected to go above and beyond following the law and making a profit and Corporate Social Responsibility (CSR) is a Manager's duty to take actions that will benefit the interest of Society as well as of the Organizations.
True/False
5. There are three types of Organizations classified according to the three purposes for which they are formed
(1) For-Profit,
(2) Nonprofit, and
(3) Mutual-Benefit.
6.An independently owned and managed profit-seeking Enterprise employing fewer than 100 people is called a Small Business.
True/False
7.A Vision Statement expresses the purpose of the Organization and a Mission Statment expresses what the organizaion should become and where it wants to go strategically.
True/False
8.Outsourcing is defined as using suppliers outside the United States to provide labor, goods, or services, and Global Outsourcing is define as using suppliers outside the company to provide goods and services.
True/False
10. The traditional Management Pyramid is composed of three levels of Management : (1) Top Management
(2) Middle Management and
(3) First-Line Maagement (Lower Level). Top Managers make long term decisions, Middle Managers implement those decisions, and First-Line Managers make short-Term decision.
11. In the International Arena, an Ethnocentric Manager is one who belives that their native country, culture, language and behavior are superior to all others.
True/False
12. Dr. W. Edwards Deming of the University of Tokyo and founder of the Union of Japanese Scientist and Engineers (JUSE) and Kaoura Ishikawa, American author of OUT OF THE CRISIS, are two of the leading quality advocates of the Operational Approach to Management. True/False
13.Management is defined as
(1) The persuit of Organizational Goals Efficiently and Effectively by
(2) integrating the work of people through
(3) Planning, Organizing, Leading and Controlling the Organization's Resources.
14. In the field of Management, a Functional Manager is responsible for overseeing the activities of just one organizational area, where as a General Manager is responsible for multiple organizational areas, for example several deparments such as Production, Finance, and Human Resources. True/False
15. Competitive Advantage is the ability of an organization to produce goods or services more effectively than competitors do, there by out perform them. This means that an organization must stay ahead in four areas
(1) being responsive to customers,
(2) Innovation,
(3) quality, and
(4) efficiency.
16. Strategic Management is the process that involves Managers from all parts of the Organization in the formulation and implmentation of Strategies and Strategic Goals.
True/False
17.A Closed System is an entity that continually interacts with, and is dependent on its Environment, for survival and Open System is a self-sufficient entity that does not interact with its Environment.
True/False
18.A Multinational Organization is a business firm with operations in several countries and a Multinational Corporation is a nonprofit organization with operations in several countries.
True/False
19.An Entrepreneur is one who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying opportunties and assembling the necessary resources to capitalize on them.
True/False
20. The Deming Prize was instituted in Japan in 1951 in Commemoration of the friendship and contribution of Dr. Edward Deming, who went to Japan to instruct in the application of Statistical Quality Control Methods to industry.
True/False
21.Management theorist Fredrick W. Taylor the Early Scientific Management proponents have been praised for viewing workers as human, not Mindless Machines, who work for pleasure, not just for money.
True/False
22. Ethical Behavior is the Standards by which people distinguish what is morally right and wrong and these standards may vary among countries, among cultures, and Ethics refers to the behavior that is Accepted as "right" as opposed to "wrong" according to prevailing standards.
True/False
From the given statements, state no,1,2,4, 5, 6, 10-16, 19-20, and 22 are true. Whereas the remaining statements are false.
What is ethical behavior?The term "ethical behavior" alludes to deeds and choices that are in line with moral standards and ideals. These ideals and principles may be derived from philosophical theories, cultural norms, religious beliefs, or other forms of moral instruction.
What are the technical skills?Technical skills are the specific abilities and knowledge required to perform tasks related to a particular field, industry, or profession. Examples include programming languages, data analysis, design software, project management, network administration, and networking hardware, protocols, and software.
What are the soft skills that anyone must have?Soft skills are non-technical, interpersonal, and personal attributes that enable individuals to work effectively with others, communicate effectively, and demonstrate emotional intelligence in their work and personal lives. Examples include communication, teamwork, leadership, problem-solving, adaptability, time management, and emotional intelligence.
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1. Conceptual skills consist of the job-specific knowledge needed to perform well in a specialized Field and technical Skill, consist of the ability to think analytically, to visualize an organization as a whole and understand how parts work together.
True/ False
2.The perception that all people in a certain group share common Attitudes,Values, and beliefs is known as stereotyping.
True/ False
3.The Management Function of leading is defined as monitoring performance, comparing it with goals and taking corrective action as needed and Controlling is defined as motivating, directing, and otherwise influencing people to work hard to achieve Organization Goals.
True/False
4.Social Responsibility is the notion that Corporations are expected to go above and beyond following the law and making a profit and Corporate Social Responsibility (CSR) is a Manager's duty to take actions that will benefit the interest of Society as well as of the Organizations.
True/False
5. There are three types of Organizations classified according to the three purposes for which they are formed
(1) For-Profit,
(2) Nonprofit, and
(3) Mutual-Benefit.
6.An independently owned and managed profit-seeking Enterprise employing fewer than 100 people is called a Small Business.
True/False
7.A Vision Statement expresses the purpose of the Organization and a Mission Statment expresses what the organizaion should become and where it wants to go strategically.
True/False
8.Outsourcing is defined as using suppliers outside the United States to provide labor, goods, or services, and Global Outsourcing is define as using suppliers outside the company to provide goods and services.
True/False
10. The traditional Management Pyramid is composed of three levels of Management : (1) Top Management
(2) Middle Management and
(3) First-Line Maagement (Lower Level). Top Managers make long term decisions, Middle Managers implement those decisions, and First-Line Managers make short-Term decision.
11. In the International Arena, an Ethnocentric Manager is one who belives that their native country, culture, language and behavior are superior to all others.
True/False
12. Dr. W. Edwards Deming of the University of Tokyo and founder of the Union of Japanese Scientist and Engineers (JUSE) and Kaoura Ishikawa, American author of OUT OF THE CRISIS, are two of the leading quality advocates of the Operational Approach to Management. True/False
13.Management is defined as
(1) The persuit of Organizational Goals Efficiently and Effectively by
(2) integrating the work of people through
(3) Planning, Organizing, Leading and Controlling the Organization's Resources.
14. In the field of Management, a Functional Manager is responsible for overseeing the activities of just one organizational area, where as a General Manager is responsible for multiple organizational areas, for example several deparments such as Production, Finance, and Human Resources. True/False
15. Competitive Advantage is the ability of an organization to produce goods or services more effectively than competitors do, there by out perform them. This means that an organization must stay ahead in four areas
(1) being responsive to customers,
(2) Innovation,
(3) quality, and
(4) efficiency.
16. Strategic Management is the process that involves Managers from all parts of the Organization in the formulation and implmentation of Strategies and Strategic Goals.
True/False
17.A Closed System is an entity that continually interacts with, and is dependent on its Environment, for survival and Open System is a self-sufficient entity that does not interact with its Environment.
True/False
18.A Multinational Organization is a business firm with operations in several countries and a Multinational Corporation is a nonprofit organization with operations in several countries.
True/False
19.An Entrepreneur is one who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying opportunties and assembling the necessary resources to capitalize on them.
True/False
20. The Deming Prize was instituted in Japan in 1951 in Commemoration of the friendship and contribution of Dr. Edward Deming, who went to Japan to instruct in the application of Statistical Quality Control Methods to industry.
True/False
21.Management theorist Fredrick W. Taylor the Early Scientific Management proponents have been praised for viewing workers as human, not Mindless Machines, who work for pleasure, not just for money.
True/False
22. Ethical Behavior is the Standards by which people distinguish what is morally right and wrong and these standards may vary among countries, among cultures, and Ethics refers to the behavior that is Accepted as "right" as opposed to "wrong" according to prevailing standards.
True/False
The correct answers to the given questions are:
True
True
False
True
True
True
False
False
Not given
True
True
True
True
True
True
True
False
False
True
True
False
True
How are conceptual skills used?Conceptual skills refer to the ability to think abstractly and understand complex ideas and situations, whereas technical skills refer to the specific knowledge and abilities required to perform tasks in a specialized field.
In other words, conceptual skills are focused on understanding how different parts of an organization work together as a whole, while technical skills are focused on performing specialized tasks within the organization. Both of these skill sets are important for managers to possess in order to be effective in their roles.
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Nationgate Corporation is considering two projects of machinery that perform the same task. The
required rate of return for these projects is RM12%. The projects' expected cash flows are as
follows:
(a)
(b)
(c)
Year
(d)
(e)
(f)
0
1
2
3
4
Machine MIR (RM)
(37,000)
13,000
15,000
22,000
17,000
Based on the above information, you are required to make an analysis for the decision of Capital
Budgeting based on the following techniques:
Machine ZA (RM)
(37,000)
16,500
15,500
20,000
19,500
Payback Period...... (5 Marks)
Discounted Payback Period...... (5 Marks)
Net Present Value (NPV) ......(5 Marks)
Accounting Rate of Return......(5 Marks)
Internal Rate of Return......(5 Marks)
Profitability Index, PI......(5 Marks)
Nationgate Corporation is considering two projects, Machine MIR and Machine ZA, for which the required rate of return is 12%. Based on different capital budgeting techniques, the better investment choice between the two machines can be determined as follows
What is the explanation for the above response?
To analyze the decision of Capital Budgeting for the two projects, Machine MIR and Machine ZA, the following techniques will be used:
Payback Period:
The payback period is the time taken by a project to recover the initial investment. It is calculated by dividing the initial investment by the expected annual cash flow. The project with the shorter payback period is considered better.
For Machine MIR:
Payback period = Initial investment/Annual cash flow = 37,000/(13,000+15,000+22,000+17,000) = 2.18 years
For Machine ZA:
Payback period = Initial investment/Annual cash flow = 37,000/(16,500+15,500+20,000+19,500) = 2.25 years
As both projects have a payback period less than the project's expected life, both projects are acceptable. However, Machine MIR has a slightly shorter payback period and hence can be considered better.
Discounted Payback Period:
The discounted payback period takes into account the time value of money by discounting the future cash flows. The project with the shorter discounted payback period is considered better.
To calculate the discounted payback period, we first need to calculate the discounted cash flows using the required rate of return of 12%.
For Machine MIR:
Year 1: 13,000/(1+0.12)^1 = 11,607.14
Year 2: 15,000/(1+0.12)^2 = 11,177.25
Year 3: 22,000/(1+0.12)^3 = 15,318.21
Year 4: 17,000/(1+0.12)^4 = 10,473.92
Discounted cash flows = 11,607.14+11,177.25+15,318.21+10,473.92 = 48,576.52
Discounted payback period = Initial investment/Discounted annual cash flow = 37,000/48,576.52 = 0.76 years
For Machine ZA:
Year 1: 16,500/(1+0.12)^1 = 14,669.64
Year 2: 15,500/(1+0.12)^2 = 11,184.94
Year 3: 20,000/(1+0.12)^3 = 13,247.31
Year 4: 19,500/(1+0.12)^4 = 11,133.18
Discounted cash flows = 14,669.64+11,184.94+13,247.31+11,133.18 = 50,235.07
Discounted payback period = Initial investment/Discounted annual cash flow = 37,000/50,235.07 = 0.74 years
As Machine ZA has a slightly shorter discounted payback period, it can be considered better.
Net Present Value (NPV):
The net present value calculates the present value of all future cash flows discounted at the required rate of return and subtracting the initial investment. A positive NPV indicates that the project is profitable and acceptable, whereas a negative NPV indicates that the project is not profitable and not acceptable. The project with the higher NPV is considered better.
For Machine MIR:
NPV = -37,000 + 13,000/(1+0.12)^1 + 15,000/(1+0.12)^2 + 22,000/(1+0.12)^3 + 17,000/(1+0.12)^4
NPV = -37,000 + 11,607.14 + 11,177.25 + 15,318.21 + 10,473.92
NPV = 11,576.52
For Machine ZA:
NPV = -37,000 + 16,500/(1+0.12)^1 + 15,500/(1+0.12)^2 + 20,000/(1+0.12)^3 + 19,500/(1+0.12)^4
NPV = -37,000 + 14,669.64 + 11,184.94 + 13,247.31 + 11,133.18
NPV = 13,235.07
As Machine ZA has a higher NPV, it can be considered better.
Accounting Rate of Return:
The accounting rate of return calculates the average annual profit as a percentage of the initial investment. The project with the higher accounting rate of return is considered better.
For Machine MIR:
Average annual profit = (13,000+15,000+22,000+17,000)/4 = 16,750
Accounting rate of return = (16,750/37,000) x 100% = 45.27%
For Machine ZA:
Average annual profit = (16,500+15,500+20,000+19,500)/4 = 17,625
Accounting rate of return = (17,625/37,000) x 100% = 47.70%
As Machine ZA has a higher accounting rate of return, it can be considered better.
Internal Rate of Return:
The internal rate of return is the discount rate that makes the NPV equal to zero. The project with the higher internal rate of return is considered better.
To calculate the internal rate of return, we need to find the discount rate that makes the NPV equal to zero using trial and error or a financial calculator.
For Machine MIR: IRR = 17.13%
For Machine ZA: IRR = 20.39%
As Machine ZA has a higher internal rate of return, it can be considered better.
Profitability Index (PI):
The profitability index calculates the present value of future cash flows per unit of investment. The project with the higher profitability index is considered better.
For Machine MIR:
PI = (13,000/(1+0.12)^1 + 15,000/(1+0.12)^2 + 22,000/(1+0.12)^3 + 17,000/(1+0.12)^4)/37,000
PI = 1.31
For Machine ZA:
PI = (16,500/(1+0.12)^1 + 15,500/(1+0.12)^2 + 20,000/(1+0.12)^3 + 19,500/(1+0.12)^4)/37,000
PI = 1.36
As Machine ZA has a higher profitability index, it can be considered better.
In conclusion, based on the above analysis, Machine ZA is the better investment choice as it has a shorter discounted payback period, higher NPV, accounting rate of return, internal rate of return, and profitability index compared to Machine MIR.
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How can a job shadow help someone decide whether to pursue a career or not?
A.
by providing first-hand observations of someone in the career
B.
by learning about what education and experience are required for the job
C.
by connecting a student with professionals who can offer job references
D.
by showing what it’s like to live on a set salary and benefits package
A job shadow can help someone decide whether to pursue a career or not by providing first-hand observations of someone in the career.
How Job shadowing would helpBy observing a professional in the workplace, the student can get a better sense of what the day-to-day activities of the job are like, what skills are required, and what the work environment is like. This can help the student to determine whether the job is a good fit for their interests and skills.
Additionally, during the job shadow, the student can ask questions and get insights into the professional's career path, education, and experience. This can help the student to determine whether they have the necessary qualifications and experience to pursue the career. Finally, a job shadow can help the student to make connections with professionals in the field, which can be valuable for future job searches and career development.
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Lawson received a check in the mail from her parents while she was in school. Lawson decided not tot cash the check but sign it over to the University for payment. What type of endorsement would Lawson use and why?
The University for payment rather than approving it to be deposited into her personal account, Lawson would use a "special endorsement." An endorsement in its whole or a specific endorsement are other names for a unique endorsement.
What does a special check endorsement mean?You can use a check that is written out to you to pay someone else. In essence, you are transferring the check's related funds from the payee to a different party. This is referred to as a unique recommendation.
What does a check with a restriction endorsement look like?The "For Deposit Only" stamp that the majority of businesses place on the back of a received check is an illustration of a restrictive endorsement. This stamp effectively restricts the listed payee's ability to do anything with the check after depositing it.
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what is a joint venture company? give examples from the Maldives economy.
Theo would like to work as a logistician. Which college degree will be MOST useful as he pursues this career?
A.
systems engineering
B.
military readiness
C.
accounting and finance
D.
civil engineering
Answer:
a. systems engineering
Explanation:
Competitive applicants for logistician positions usually have at least a bachelor's degree in a field such as supply chain management, business administration, system engineering or industrial engineering.
Sold Computer Equipment from the initial October 1 transaction (setting up the
company) that was recorded at $8,300 to Escambia County Schools for
$7,500 cash. (Remember: Computer equipment was deemed to have a
2 seven-year life with $1,000 salvage value – ROUND MONTHLY
DEPRECIATION EXPENSE TO NEAREST WHOLE DOLLAR)
According to the information given, it appears that the business gave Escambia County Schools computer equipment in exchange for $7,500 in cash.
Explain the given mechanism.The computer hardware had an initial cost of $8,300, which was noted on October 1. The depreciation expense was to be rounded up to the nearest whole dollar each month because the equipment was thought to have a seven-year life and a $1,000 salvage value. We must figure out the depreciable cost, which is the original cost less the salvage value, in order to calculate the depreciation expense for the equipment. The depreciable cost in this instance is $7,300 ($8,300 - $1,000). We can use the straight-line depreciation method to determine the monthly depreciation expense because the equipment has a seven-year life. The cost of depreciation is $7,300 / 7, or $1,042.86 annually.
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business plan template
A business plan template would include things such as :
Executive SummaryBusiness DescriptionMarket AnalysisMarketing and SalesOperationsManagement and PersonnelFinancial PlanWhat goes into a business plan ?A business plan would include:
Executive Summary: This section should briefly summarize your business idea and the key points of your plan.Business Description: Describe your business idea, including what products or services you will offer.Market Analysis: Conduct research on your industry and target market, and provide an overview of the competitive landscape.Marketing and Sales: Outline your marketing strategy and tactics, and how you plan to reach and engage your target customers.Operations: Describe how you will produce and deliver your products or services, and any resources or partnerships you will need to do so.Management and Personnel: Detail the key members of your team, their roles, and their skills and experience. Financial Plan: Provide a financial forecast for your business, including revenue projections, cost of goods sold, operating expenses, and cash flow projections.Find out more on business plans at https://brainly.com/question/28303018
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