Answer:
660 units of fish
Explanation:
Boatland's production = 150 units of wheat or 750 units of fish
opportunity cost of producing fish = 150/750 = 0.2 units of wheat
opportunity cost of producing wheat = 750/150 = 5 units of fish
Farmland's production = 750 units of wheat or 150 units of fish
opportunity cost of producing fish = 750/150 = 5 units of wheat
opportunity cost of producing wheat = 150/750 = 0.2 units of fish
If Boatland trades 90 units of fish in exchange for 80 units of wheat, its remaining production will be = 750 (maximum possible production of fish) - 90 (units traded) = 660 units of fish
3. At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70. What is the expected winning bid if there are four bidders
Answer: $60
Explanation:
From the question, we are informed that At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70.
The expected winning bid if there are four bidders goes thus:
Since there are four bidders, the probability that the winning bid is $50 is 1/2 and for $70, it's 1/2 as well based on the question.
The expected winning bid will now be:
= ($50 × 1/2) + ($70 × 1/2)
= ($50 × 0.5) + ($70 × 0.5)
= $25 + $35
= $60
White Lion Homebuilders is considering investing in a one-year project that requires an initial investment of $475,000. To do so, it will have to issue new common stock and will incur a flotation cost of 2.00%. At the end of the year, the project is expected to produce a cash inflow of $595,000. The rate of return that White Lion expects to earn on its project (net of its flotation costs) is:___________.
Answer:
22.81%
Explanation:
The computation of the rate of return is shown below:
= (cash inflow ÷ total cost) - 1
where,
Cash inflow is $595,000
And, the total cost is
= $475,000 + $475,000 × 2%
= $475,000 + $9,500
= $484,500
So, the rate of return is
= ($595,000 ÷ $484,500) - 1
= 22.81%
Hence, the rate of return is 22.81%
Basically we applied the above formulas
Calculating the Direct Labor Rate Variance and the Direct Labor Efficiency Variance
Guillermo's Oil and Lube Company is a service company that offers oil changes and lubrication for automobiles and light trucks. On average, Guillermo has found that a typical oil change takes 18 minutes and 6.2 quarts of oil are used. In June, Guillermo's Oil and Lube had 990 oil changes.
Guillermo's Oil and Lube Company provided the following information for the production of oil changes during the month of June:
Actual number of oil changes performed: 990
Actual number of direct labor hours worked: 291 hours
Actual rate paid per direct labor hour: $16.00
Standard rate per direct labor hour: $15.00
Required:
a. Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June using the formula approach.
b. Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June.
c. Calculate the total direct labor variance for oil changes for June.
d. What if the actual wage rate paid in June was $14.00? What impact would that have had on the direct labor rate variance (LRV)? On the direct labor efficiency variance (LEV)? Indicate what the new variances would be below. If required, round your answers to the nearest cent.
Answer:
Guillermo's Oil and Lube Company
Calculating the Direct Labor Rate Variance and the Direct Labor Efficiency Variance
a1. Direct labor rate variance (LRV) = Actual Labor Rate minus Standard Labor Rate multiplied by Actual hours worked
= $16 - $15 x 291
= $291 U
a2. Direct labor efficiency variance (LEV) = Standard hours minus Actual hours x Standard hourly rate
= 297 - 291 x $15
= $90 F
b1. Direct labor rate variance (LRV) = the difference between the actual wages paid and the standard wages
= (Actual labour rate x actual hours) - (standard rate x actual hours)
= ($16 x 291) - ($15 x 291)
= $4,656 - $4,365
= $291 U
b2. Direct labor efficiency variance = the difference between the actual number of direct labor hours worked and budgeted direct labor hours that should have been worked based on the standards
(291 x $15) - (297 x $15)
4,365 - 4,455
= $90 F
c. Total Direct labor rate variance (LRV) = Actual Wages minus Standard Wages
= (Actual labor rate x Actual hours) - (Standard labor rate x Standard hours)
= ($16 x 291) - ($15 x 297)
= $4,656 - $4,455
= $201 U
d. If actual wage rate paid in June was $14.00:
d1. Direct labor rate variance (LRV) = Actual Labor Rate minus Standard Labor Rate multiplied by Actual hours worked
= $14 - $15 x 291
= $291 F
d2. Direct labor efficiency variance (LEV) = Standard hours minus Actual hours x Standard hourly rate
= 297 - 291 x $15
= $90 F
d3. Total Direct labor rate variance (LRV) = Actual Wages minus Standard Wages
= (Actual labor rate x Actual hours) - (Standard labor rate x Standard hours)
= ($14 x 291) - ($15 x 297)
= $4,074 - $4,455
= $381 F
Explanation:
a) Data and Calculations
Actual number of oil changes performed: 990
Standard number of direct labor hours to for 990 oil changes = 990 x 0.3 hours (since 18 minutes = 0.3 hours or 18/60) = 297 hours
Actual number of direct labor hours worked: 291 hours
Actual rate paid per direct labor hour: $16.00
Standard rate per direct labor hour: $15.00
b) The impact on direct labor rate variance if the actual wage rate paid in June was $14 was to turn the unfavorable labor rate variance into a favorable variance of $291 and the total direct labor variance would have been a favorable variance $381 instead of an unfavorable variance of $201.
. How much would you have to deposit today if you wanted to have $66,000 in four years? Annual interest rate is 9%. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) b. Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 8% on your investments, how much would you have to deposit today to have $18,500 when you graduate? (Round your answer to 2 decimal places.) c-1. Calculate the future value of an investment of $787 for ten years earning an interest of 9%. (Round your answer to 2 decimal places.)
Answer:
a. To have $66,000 in four years with an annual interest rate of 9%, the present value is:
PV = $66,000 x discount factor
= $66,000 x (1.09)^4
= $66,000 x 0.708
= $46,728
b. To have $18,500 in two years with an interest rate of 8% yearly, the present value is:
PV = $18,500 x discount factor
= $18,500 x (1.08)^2
= $18,500 x 0.857
= $15,854.50
c. The future value of an investment of $787 for ten years earning an interest of 9% is:
FV = $787 x FV factor
= $787 x (1.09)^10
= $787 x 2.367
= $1,862.83
Explanation:
The present values for options A and B are calculated by discounting the future values with their discount factors. The present values show the amounts that need to be invested today at prevailing interest rates to yield the future values after the indicated periods of time.
The future value for option C is calculated by multiplying the present value of the investment with its future value factor. These present and future values show that there is a time value of money. This concept means that money received today is not equal in value to the same amount received some time later. Based on this difference, interest rates are charged to equate the values of money received today and money received in a year's time. The interest rates also consider the inflation rate and must always be above the inflation rate in order to retain future value.
Coffer Co. is analyzing two potential investments.
Project X Project Y
Cost of machine $77,000 $55,000
Net cash flow:
Year 1 28,000 2,000
Year 2 28,000 25,000
Year 3 28,000 25,000
Year 4 0 20,000
If the company is using the payback period method and it requires a payback of three years or less, which project(s) should be selected?
a. Project Y
b. Both X and Y are acceptable projects.
c. Project Y because it has a lower initial investment
d. Project X
e. Neither X nor Y is an acceptable project
Answer:
d. Project X
Explanation:
For Project X
Year Net cash outflow Net cash inflow Balance
0 -$77,000 -$77,000
1 $28,000 -$49,000
2 $28,000 -$21,000
3 $28,000 $7,000
4 0 $7,000
Payback period = 2 + $21,000 ÷ $28,000
= 2 + 0.75
= 2.75 years
For Project Y
Year Net cash outflow Net cash inflow Balance
0 -$55,000 -$55,000
1 $2,000 -$53,000
2 $25,000 -$28000
3 $25,000 -$3,000
4 $20,000 $17,000
Payback period = 3 +3,000 ÷ 20,000
= 3 + 0.15
= 3.15 years
Project X has a lesser than 3 year payback period. So, the correct option is D
A perpetuity provides for continuous payments. The annual rate of payment at time t is { 1, 0 <= t <10 (1.03)^t-10, t >=10 Using an annual effective interest rate of 6%, the present value at time t = 0 of this perpetuity is x. Calculate X. a. 27.03 b. 30.29 c. 34.83 d. 38.64 e. 42.41
Answer:
b. 30.29
Explanation:
Perpetuity is the state that lasts forever. In statistics the benefit that last for an indefinite period of time is calculated through perpetuity method.
1/1.06 + 1/1.06^2 +1/1.06^3 + 1/1.06^4 + 1/1.06^5 + 1/1.06^6 + 1/1.06^7 + 1/1.06^8 + 1/1.06^9 =
0.942 + 0.893 + 0.87 + 0.821 + 0.791 + 0.752 + 0.691 + 0.652 + 0.604
= 7.017
7.017 / 0.23 = 30.29
Some managers use _____, which provides four indicators with which organizations can set goals and measure performance.
Answer:
balanced scorecard
Explanation:
The term that is being mentioned in this question is known as a balanced scorecard. This is a strategic management performance metric that is used to measure and provide feedback to a company's management by identifying and improving different internal business functions and their outcomes, usually in regards to the employees themselves. An example of a balanced scorecard can be seen in the attached photo.
Information concerning the unexpected resignation of one or more of the registrant's directors would be disclosed on which of the following forms?
I. Form 8-Q
II. Form 8-K
I. Both I and II
II. Neither I nor II
Answer: Form 8-K
Explanation:
An 8-K is a report the corporate changes that happens at an organization. The information given in form 8-K is important to the shareholders of the organization and also to the Securities and Exchange Commission.
Events such as bankruptcy, acquisitions, resignation of directors can all be seen in the report.
Which of the following is true regarding warranties under common law? Select one: A. Express warranties, the implied warranty of assignability, and warranties of title arise automatically under common law. B. Only the implied warranty of merchantability arises automatically under common law. C. Only warranties of title arise automatically under common law. D. For a warranty to exist, it must first be requested by the buyer. E. Only the implied warranty of assignability arises automatically under common law.
Answer: E. Only the implied warranty of assignability arises automatically under common law
Explanation:
Implied warranty is a term that is used in common law to refer to assurance that are given to a a product that the said product is fit and in good condition for the purpose it'll be used for.
Of all the options that are given, the one that is true regarding warranties under common law is that only the implied warranty of assignability arises automatically under common law.
The risk-free rate is 6% and the expected rate of return on the market portfolio is 13%. a. Calculate the required rate of return on a security with a beta of 1.25.
Answer:
The required rate of return is r = 0.1475 or 14.75%
Explanation:
The required rate of return is the minimum return that investors demand/expect on a stock based on the systematic risk of the stock as given by the beta. The expected or required rate of return on a stock can be calculated using the CAPM equation.
The equation is,
r = rRF + Beta * (rM - rRF)
Where,
rRF is the risk free raterM is the return on marketr = 0.06 + 1.25 * (0.13 - 0.06)
r = 0.1475 or 14.75%
Poulter Corporation will pay a dividend of $4.25 per share next year. The company pledges to increase its dividend by 6.75 percent per year, indefinitely. If you require a return of 10 percent on your investment, how much will you pay for the company’s stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
Current price of stock = $130.76(Approx).
Explanation:
Given:
Dividend paid = $4.25
Required return of return = 10%
Growth rate = 6.75%
Find:
Current price of stock = ?
Computation:
Current price of stock = D1 / (Required return of return - Growth rate)
Current price of stock = 4.25 / (0.1 - 0.0675)
Current price of stock = 4.25 / 0.0325
Current price of stock = $130.76(Approx).
Suppose the following items are taken from the 2017 balance sheet of Yahoo! Inc. (All dollars are in millions.)
Goodwill ............................................................. $3,927
Common stock ........................................................ 6,283
Equipment .............................................................. 1,737
Accounts payable ...................................................... 152
Patents ................................................................... 234
Stock investments (long-term) ...................................... 3,247
Accounts receivable .................................................. 1,061
Prepaid rent .............................................................. 233
Debt investments (short-term) ...................................... 1,160
Retained earnings .................................................... 6,108
Cash ................................................................... 2,292
Notes payable (long-term) ............................................ 734
Unearned sales revenue ............................................... 413
Accumulated depreciation-equipment 201
Instructions
Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2017.
Answer:
Yahoo! Inc.Classified balance sheet as of December 31, 2017:Assets: ($ million)
Current Assets:
Cash $2,292
Accounts receivable 1,061
Prepaid rent 233
Debt investments (short-term) 1,160
Total Current Assets $4,746
Non-current Assets:
Stock investments (long-term) 3,247
Equipment 1,737
Accumulated depreciation 201 1,536
Patents 234
Goodwill 3,927
Total non-current assets $8,924
Total Assets $13,690
Current Liabilities:
Unearned sales revenue 413
Accounts payable 152 $565
Non-current Liabilities:
Notes payable (long-term) 734
Total Liabilities $1,299
Stockholders' Equity:
Common stock 6,283
Retained earnings 6,108 12,391
Total liabilities + equity $13,690
Explanation:
a) This Yahoo!'s 2017 classified balance sheet shows the current assets, current liabilities, non-current assets, non-current liabilities, and the stockholders' equity with their separate totals. It helps in calculating important financial ratios and in making comparisons in absolute dollar terms from one period to the other or from one company to another entity.
During the year, Wright Company sells 500 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date Transaction
Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 60 $66 $3,960
May. 5 Purchase 280 69 19,320
Nov. 3 Purchase 230 74 17,020
570 $40,300
Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO.
Answer:
$5,180 and $35,120
Explanation:
The computation of the cost of goods sold and the ending inventory is shown below:
There are 500 unit sold so according to that the cost of goods sold is
Jan 1 60 units $66 $3,960
May 5 280 units $69 $19,320
Nov 3 160 units $74 $11,840
Cost of goods sold $35,120
Now the ending inventory is
Since there is a 70 ending inventory units i.e comes from
= 570 units - 500 units
= 70 units
So this should be at $74
i.e $5,180
Sandhill corporation manufactures a single product. montlhly production costs incurred in the manufacturing process are show below for the production of 3900 maintanance costs are mixed costs. the fixed portions of these costs are 387 and 258, respectively.
Production in units 3900
Production cost
Direct materials 9675
Direct labor 27420
Utilities 3702
Property taxes 1290
Indirect labor 5805
Supervisor salaries 2451
Maintanance 1233
Depreciation 3096
Required:
Calculate variable costs per unit, variable cost per unit for utilities and variable cost per unit for maintenance.
Answer:
variable costs per unit = $10.57
variable cost per unit for utilities = $0.85
variable cost per unit for maintenance = $0.25
Explanation:
I believe that the question is incomplete: the missing part is that both utilities and maintenance costs are mixed.
Production in units 3,900
Variable production cost s:
Direct materials $9,675 / 3,900 = $2.4808 per unit
Direct labor $27,420 / 3,900 = $6.9846 per unit
Utilities ($3,702 - $387) / 3,900 = $0.85 per unit
Maintenance ($1,233 - $258) / 3,900 = $0.25 per unit
total variable costs per unit = $10.5654 ≈ $10.57
Polly Khan is trying to calculate the current market rate given the following information: Investor’s have been requiring a 12% annual return on Builtrite’s stock which has a beta of 2.0 and the current risk-free rate is 4%. What is the current market rate?
Answer:
The current market rate is 8%
Explanation:
The market rate is the return on market or the market portfolio. To calculate the market rate (rM) we will use the CAPM equation which is used to calculate the required rate of return on a stock or portfolio. The formula for required rate of return under CAPM is,
r = rRF + Beta * (rM - rRF)
Where,
rRF is the risk free raterM is the market rateWe already know the value of r, rRF and Beta. We will input these values in the above equation to calculate the market rate.
0.12 = 0.04 + 2 * (rM - 0.04)
0.12 - 0.04 = 2 * rM - 0.08
0.08 + 0.08 = 2 * rM
0.16 / 2 = rM
rM = 0.08 or 8%
At an output level of 415,400 units, you have calculated that the degree of operating leverage is 2.00. The operating cash flow is $58,000 in this case. Ignore the essect of taxes. What will be the new degree of operating leverage for output levels of 16,400 units and 14,400 units
Answer:
the new degree of operating leverage for output levels of 16,400 units and 14,400 units will be -0.0858 and - 0.0745 respectively.
Explanation:
From the given information:
the degree of operating the leverage at 415,400 units = [tex]\mathtt{\dfrac{contribution \ \ margin}{operating \ \ income}}[/tex]
where contribution margin = 2 × 58000 =116000
If we assume that the sales price should be p and the variable cost be q per unit .
Then, 415,400p - 415,400q = 116000
p - q = [tex]\mathtt{\dfrac{116000}{415400}}[/tex]
p - q = 0.279 at 415400 unit
Contribution margin = 415400 × 0.279
Contribution margin = 115896.6
The operating income = contribution margin - fixed expense
58000 = 115896.6 - fixed expense
fixed expense = 115896.6 - 58000
fixed expense = 57896.6
However, when the output level is 16400 unit,
the contribution margin = 16400(p-q)
the contribution margin = 16400(0.279)
the contribution margin = 4575.6
The operating leverage = [tex]\mathtt{\dfrac{contribution \ \ margin}{contribution \ \ margin - fixed \ \ costs}}[/tex]
The operating leverage = [tex]\mathtt{\dfrac{4575.6}{4575.6 - 57896.6}}[/tex]
The operating leverage = [tex]\mathtt{\dfrac{4575.6}{-53321}}[/tex]
The operating leverage = -0.0858
when the output level is 14400 unit,
the contribution margin = 14400(p-q)
the contribution margin = 14400(0.279)
the contribution margin = 4017.6
The operating leverage = [tex]\mathtt{\dfrac{contribution \ \ margin}{contribution \ \ margin - fixed \ \ costs}}[/tex]
The operating leverage = [tex]\mathtt{\dfrac{4017.6}{4017.6 - 57896.6}}[/tex]
The operating leverage = [tex]\mathtt{\dfrac{4017.6}{-53879}}[/tex]
The operating leverage = - 0.0745
Which of the following recognizes the intellectual property licensing of copyrights by all the signatory nations to the act?
a. The Madrid Convention
b. The Export Administration Act of 1985
c. The Berne Convention Implementation Act of 1988
d. The International Emergency Economic Powers Act of 1977
Answer:
c. The Berne Convention Implementation Act of 1988.
Explanation:
This was put into force in the United States of America in the year 1988 even though its laws were been vehemently upheld from the next year. This was a law put in place to be a guide to a lot of United States citizens who are known to ply their trades in the literary and also artistic sphere. It was seen as a protection agency to writers and artists in literary world. Their work at this early stages may have been performed only pursuant to appropriate domestic law. Also, in a bid to make this law a better one, it was said to be amended together with the law as it exists on the date of the enactment of this law been amended, satisfy the obligations to the citizens of the US.
Zoey Bella Company has a payroll of $10,000 for a five-day workweek. Its employees are paid each Friday for the five-day workweek. Prepare the adjusting entry on December 31 assuming the year ends on Thursday.
Answer:
Amount = (Total periodic pay / Number days in period) * Number days for current period
Amount = ($10,000/5) * 4
Amount = $8,000
Therefore, the amount to be recorded for adjusting entry is $8,000.
Journal Entry
Date Description Debit Credit
31 Dec Payroll expenses $8,000
Payroll expenses payable $8,000
(Being Payroll expenses recorded)
On December 21, 2017, Novak Company provided you with the following information regarding its equity investments.
December 31, 2017
Investments (Trading)
Cost
Fair Value
Unrealized Gain (Loss)
Clemson Corp. stock $20,200 $19,300 $(900)
Colorado Co. stock 9,900 8,900 (1,000)
Buffaloes Co. stock 20,200 20,790 590
Total of portfolio $50,300 $48,990 (1,310)
Previous fair value adjustment balance 0
Fair value adjustment—Cr. $(1,310)
During 2018, Colorado Company stock was sold for $9,410. The fair value of the stock on December 31, 2018, was Clemson Corp. stock—$19,410; Buffaloes Co. stock—$20,700. None of the equity investments result in significant influence.
(a) Prepare the adjusting journal entry needed on December 31, 2017.
(b) Prepare the journal entry to record the sale of the Colorado Co. stock during 2018.
(c) Prepare the adjusting journal entry needed on December 31, 2018.
(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
No.
Account Titles and Explanation
Debit
Credit
(a) On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
(b) On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
(c) On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
Answer:
(a)
Dr Unrealized Holding Gain or Loss -Equity $1,410
Cr Fair Value Adjustment $1,410
(b)
Dr Cash $9,410
Dr Loss on Sale of Investment $590
Cr Equity Investment $10,000
(c)
Dr Fair Value Adjustment $1,120
Cr Unrealized Holding Gain or Loss-Equity $1,120
Explanation:
(a) Preparation of the adjusting journal entry needed on December 31, 2017.
Dr Unrealized Holding Gain or Loss -Equity $1,410
Cr Fair Value Adjustment $1,410
(To Adjust to Fair Value for 2017)
(b) Preparation of the journal entry to record the sale of the Colorado Co. stock during 2018.
Dr Cash $9,410
Dr Loss on Sale of Investment $590
(20,200- 20,790)
Cr Equity Investment $10,000
($9,410+$590)
(To Record Sale of Stock)
(c)Preparation of the adjusting journal entry needed on December 31, 2018.
Dr Fair Value Adjustment $1,120
Cr Unrealized Holding Gain or Loss-Equity $1,120
(To Adjust to Fair Value for 2018)
Investments Amortized Costs, Fair Value , Unrealized Gain (Loss)
Clemson Corp. stock
$20,200 $19,410 ($790)
Buffaloes Co. stock
$20,200 $20,700 $500
$40,400 $40,110 ($290)
Previous Fair Value Adjustment (Credit)
$1,410
Fair Value Adjustment (Debit)$1,120
Yasmin Co. can further process Product B to produce Product C. Product B is currently selling for $33 per pound and costs $28 per pound to produce. Product C would sell for $58 per pound and would require an additional cost of $25 per pound to produce. What is the differential cost of producing Product C?
Answer:
Differential cost is $0
Explanation:
A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.
Additional sales revenue = Sales revenue after further processing - sales revenue after split-off point
. A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.
Also note that all cost incurred up to the split-off point are irrelevant to the decision to process further .
$
Sales after split off point (Product C) 58
Sales at the split off point (Product B) 33
Additional sales revenue 25
Further processing cost (25)
Differential cost 0
Differential cost is $0
Discuss and analyze a situation where you worked on a team/ project team consisting of diverse or intercultural team members
a. What were some good and/or poor examples of communication?
b. Discuss any examples or interpretation of cultural differences as described in Hoftstede's Cultural Values chart on p. 46 of your text (i.e. individualism, time orientation, formality, etc.).
c. Is there anything that could have been done to make the communication more effective?
Explanation:
a. What were some good and/or poor examples of communication?
Intercultural communication in the workplace can generate some significant difficulties, in an intercultural work team, there may be behaviors of certain members that differ from the rest of the group, which can mean lack of integration of the team due to lack of respect and interest to the cultural values of a particular member.
b. Discuss any examples or interpretation of cultural differences as described in Hoftstede's Cultural Values chart on p. 46 of your text (i.e. individualism, time orientation, formality, etc.).
Formality can be interpreted differently according to different cultures. In a more flexible culture like the American one, for example, formality may not be so expressed through the use of formal language and dress, whereas in a less flexible culture, this can be seen as a disrespect, as they can establish a more serious and formal communication in the workplace.
c. Is there anything that could have been done to make the communication more effective?
To make intercultural communication more effective, it is necessary above all to respect the individual values of an individual that exist in certain ways in some situations. The ideal is that people are open to learn and exchange experiences, willing to help the individual to integrate into the group, and above all to act in an ethical and respectful way always.
Using the tables above, what is the present value of $6,000 to be received at the end of each of the next four years, assuming an earnings rate of 10%?
a. $20,790
b. $19,020
c. $14,412
d. $25,272
1. Option A
2. Option B
3. Option C
Answer:
b. $19,020
Explanation:
Note: This question is not complete. The complete question is therefore provided in the attached pdf file before answering the question. Please, see the attached file for the full question.
Also note that the "1. Option A 2. Option B 3. Option C" are not actually part of the question.
The explanation to the answer is now provided as follows:
Note: This is an example of annuity. An annuity can be described as a series of payments made or income received at equal intervals.
Therefore, the relevant table in the question is the second table, i.e. table for the present value of an annuity of $1 at compound interest.
To calculate the present value (PV), the following for formula is used:
PV = ACI * PVA10% ............................ (1)
PV = Present value = ?
ACI = Annual cash inflows = $6,000
PVA = Present value of annuity of $1 at 10% for 4 years = 3.170
Note that the PVA is obtained for year 4 at 10% from the second table as already explained above.
Substituting the values into equation (1), we have:
PV = $6,000 * 3.170
PV = $19,020
Therefore, the correct option is option b. $19,020.
Rahman stock just paid a dividend of $3.00 per share. Future dividends are expected to grow at a constant rate of 6% per year. What is the value of the stock if the required return is 12%
Answer:value of stock for the required return of 12 % = $53
Explanation:
Given
current dividend just paid = $3.00
dividend to grow at constant rate of 6%
required rate of return =12%
to calculate the value of stock for the requitred return of 12 % , we use the dividend growth model which is
Current price = dividend ( 1 + growth rate )/ (required rate -growth rate )
= 3 x (1+6%) / 12-6 = 3 x 1.06 /6% =3.18/0.06= $53
Therefore value of stock for the requitred return of 12 % ,= $53
Bunker Hill Mining Company has two competing proposals: a processing mill and an electric shovel. Both pieces of equipment have an initial investment of $750,000. The net cash flows estimated for the two proposals are as follows:
Net Cash Flow Year Processing Mill Electric Shovel
1 $310,000 $330,000
2 260,000 325,000
3 260,000 325,000
4 260,000 320,000
5 180,000
6 130,000
7 120,000
8 120,000
The estimated residual value of the processing mill at the end of Year 4 is $280,000.
Present Value of $1 at Compound Interest
Year 6% 10% 12% 15% 20%
1 0.943 0.909 0.893 0.870 0.833
2 0.890 0.826 0.797 0.756 0.694
3 0.840 0.751 0.712 0.658 0.579
4 0.792 0.683 0.636 0.572 0.482
5 0.747 0.621 0.567 0.497 0.402
6 0.705 0.564 0.507 0.432 0.335
7 0.665 0.513 0.452 0.376 0.279
8 0.627 0.467 0.404 0.327 0.233
9 0.592 0.424 0.361 0.284 0.194
10 0.558 0.386 0.322 0.247 0.162
Determine which equipment should be favored, comparing the net present values of the two proposals and assuming a minimum rate of return of 15%. Use the present value table appearing above. If required, round to the nearest dollar.
Processing mill electric shovel
Present value of net cash flow total $_____ $_____
Less amount to be invested $_____ $_____
Net present value $_____ $_____
Answer:
Year NCF Processing Mill NCF Processing Mill NCF Electric Shovel
0 -$750,000 -$750,000 -$750,000
1 $310,000 $310,000 $330,000
2 $260,000 $260,000 $325,000
3 $260,000 $260,000 $325,000
4 $260,000 $540,000 $320,000
5 $180,000
6 $130,000
7 $120,000
8 $120,000
discount rate = 15%
NPV Processing Mill (8 years) = -$750,000 + ($310,000 x .87) + ($260,000 x .756) + ($260,000 x .658) + ($260,000 x .572) + ($180,000 x .497) + ($130,000 x .432) + ($120,000 x .376) + ($120,000 x .327) = -$750,000 + $267,700 + $196,560 + $171,080 + $148,720 + $89,460 + $56,160 + $45,120 + $39,240 = -$750,000 + $1,014,040 = $264,040 HIGHEST NPV, SO THIS PROJECT SHOULD BE SELECTED
NPV Processing Mill (4 years) = -$750,000 + ($310,000 x .87) + ($260,000 x .756) + ($260,000 x .658) + ($540,000 x .572) = -$750,000 + $267,700 + $196,560 + $171,080 + $308,880 = -$750,000 + $944,220 = $194,220
NPV Electric Shovel (4 years) = -$750,000 + ($330,000 x .87) + ($325,000 x .756) + ($325,000 x .658) + ($320,000 x .572) = -$750,000 + $287,100 + $245,700 + $213,850 + $183,040 = -$750,000 + $929,690 = $179,690
The bargaining power of suppliers is low when Review Later Few substitute inputs are available Suppliers are large or concentrated There are many alternative suppliers Switching costs are high
Answer:
There are many alternative suppliers
Explanation:
Bargaining power of suppliers is one of Porters Five Forces. It refers to the extent to which a supplier can exert influence over buyers.
If there are many suppliers and a supplier raises price, consumer can easily change suppliers. But if the cost of changing suppliers is high (Switching costs), consumers would have less incentive to change suppliers. Thus, the bargaining power of suppliers would be high.
If there are few substitutes, there are few alternatives to the product offered by the supplier. so, the bargaining power of the supplier is high because consumers have little alternatives to the suppliers product.
True or false: A flexible budget reporting sales volumes at three different levels will have the same fixed costs.
Answer:
True
Explanation:
A flexible budget is a budget in which you modify the activity levels to reflect changes in sales to help the company adjusts to different circumstances that may occcur. Also, in this budget the fixed costs remain constant and the variable costs change with the activity levels. According to this, the answer is that the statement that says that a flexible budget reporting sales volumes at three different levels will have the same fixed costs is true.
It is true that a flexible budget presenting sales volumes at three levels would have the same fixed expenses.
Flexible budget:A flexible budget is one in which activity levels are adjusted to reflect sales performance, allowing the organization to respond to unforeseen events.
Furthermore, in this budget, fixed expenditures stay constant while variable costs vary according to activity levels. The assumption that a flexible budget reporting sales volumes at three distinct levels will have the same fixed expenses.
Find out more information about 'Flexible budget'.
https://brainly.com/question/25353134?referrer=searchResults
The central problem in product-oriented layout planning is?
Answer: The minimizing the imbalance in the workloads among workstations.
Explanation:
Workspace can inspire informal and productive encounters if it balances what three physical and social aspects.
Which of the following is one of the two fundamental issues that the recommendations of the 1947 Hutchins Commission on social responsibility in journalism were based on?a. Society's welfare is paramount. b. Morality should be a business practice. c. Corporate responsibility is essential. d. The golden rule should be written in stone.
Answer:
a. Society's welfare is paramount.
Explanation:
A commission on the freedom of press also known as "The Hutchins Commission" was formed in the United States of America (USA) during the World War II (WWII) by Robert Maynard Hutchins.
In 1947 after deliberating on the issues of press for four (4) years, the Hutchins Commission concluded that society's welfare is paramount, this is one of the two fundamental issues that the recommendations of the 1947 Hutchins Commission on social responsibility in journalism is based on. The commission stated that the development and stability of a society is influenced by the operations of the press and as such it is very important that the mass media (press) is socially responsible.
Some of the guidelines or recommendations made by the Hutchins Commission for the press are;
1. Present meaningful, reliable and accurate news to the general public; not opinions.
2. Present an overall view of what was known about society.
3. Avail the citizens an opportunity for constructive criticism and exchange of comment about the government.
In a partnership liquidation, the final cash distribution to the partners should be made in accordance with the
Answer: B) balances of the partners' capital accounts.
Explanation:
Final cash distributions should be made proportionally to partners based on what they have in their Capital Accounts.
The balance in the Capital accounts of Partners shows the level of contribution that each partner has made to the business as well as their ownership proportion. When cash is to be distributed finally, it should therefore be based on the proportion of these Capital account balances to reflect the contribution and ownership.
A machine with a cost of $133,000 and accumulated depreciation of $86,500 is sold for $53,000 cash. The amount that should be reported in the operating activities section reported under the direct method is:
Answer:
Zero, because the selling of fixed asset is reported as cash inflow under investing activity.
Explanation:
Cash flow from investing activities includes all the investments in the long term assets and sale of investments or individual assets. The investment items may include Property, Plant and Equipment.
So this means that it will not be included in the Cash from Operating Activities because it is a Cash from Investing Activities.
