1. When Seattle’s minimum wage was substantially larger than any of the surrounding cities (with the exception of SeaTac) impacted, it is believed that individual cities could generally benefit from being the exception in the area.
However, this type of legislation may also hurt the city-based on its economic condition, type of industry and business environment, etc. The pros and cons should be weighed before implementing such legislation in any area.2. It is believed that city-based minimum wages will continue to become more popular in the United States.
It is because the cost of living in different areas and cities in the United States varies, making it difficult for a federal government to regulate minimum wages that fit everyone’s needs. The local government knows their area’s economy and living costs better, so they can regulate the minimum wage according to the area's standard of living.
Moreover, raising the minimum wage could also bring in more tax revenue for the city and could positively impact its economy. Hence, it is more likely that more and more cities will introduce city-based minimum wages in the United States.
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Describe your commodity and the market that commodity targets (geographic or demographic). - State when, how, and why the commodity has became popular or less popular. - State the factors (demand determinants and supply determinants) that have cattsed its supply and demand to change and how those changes affected it price. Basically, why has demand and supply for that commodity changed? - Data - Obtain data from at least three credible sources (not Wikipedia) to provide facts about the changes in demand and supply. - Usc tables, graphs, and figures to support your argument. You could use figures that show the changes in demand and supply, as well as changes in the market Revised 03/04/2020 price for the commodity. - Analysir Use the findiagsifron your dats section to fally explain the zrowth or decline pattens of the supply and demand Is the commodity growing or is it decliaing, and why? if it in growing state the factors that led to its gewwith. If it is docliaing, atste the facton that fed to its decline.
Commodity Description & Target Market Bicycles are a form of human-powered vehicle that is commonly used for transportation, exercise, and recreation.
It targets both adults and children as its market. Generally, the primary target market of bicycles is individuals who live in urban areas, have low to moderate incomes, and who seek a convenient, affordable, and healthy way of commuting. Bicycles are sold throughout the world in various forms, including road, racing, and mountain bikes. Popularity of Bicycles & Reasons Bicycles have become more popular recently because of the coronavirus pandemic. Many people have turned to cycling for transportation because it allows them to avoid public transportation and to maintain social distancing protocols. Furthermore, bicycles have gained popularity due to the growing trend towards eco-friendliness and sustainability, and the desire for healthy lifestyle choices.
Demand & Supply Determinants & How Changes Affect Prices The determinants of bicycle supply and demand are influenced by the availability of bicycles and accessories, market competition, consumer preferences, price, and income.
When there is a low supply of bicycles, demand will increase, and the price will go up. When the price goes up, the number of units sold may decrease due to the high price. On the other hand, when there is a high supply of bicycles, the demand will decrease, and the price will go down. When the price goes down, the number of units sold may increase due to the affordability.
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The space shuttle Columbia broke up during re-entry on February 1, 2003, over Tyler, TX. All on board were lost. The cause was traced to the shedding of a large piece of foam from the external tank, which struck the leading edge of the wing at launch. Two NASA engineers identified the strike on the launch video, and were concerned enough to request that the shuttle be imaged in orbit by the TRW telescope to assess the damage. Their request was denied by a middle-level manager at NASA for the stated reason that they had made the request "...through the wrong channel." This response to the engineers suggests what kind of culture existed in that part of NASA at that time (according to Westrum's typology of organizational cultures)? Bureaucratic Pathological Generative Analytical
According to Westrum's typology of organizational cultures, the response to the engineers that their request was denied by a middle-level manager at NASA for the stated reason that they had made the request through the wrong channel suggests a Bureaucratic culture in that part of NASA at that time.
In the Bureaucratic culture, a strict adherence to the rules and procedures is implemented. The focus is on making sure that everyone follows the rules and any violation of these rules is dealt with immediately.
The decision to deny the engineers' request through a bureaucratic channel rather than viewing the potential damage to the space shuttle in a timely manner was more important to the middle-level manager at NASA.
Hence, the decision made by the manager was a reflection of the bureaucratic culture that existed in that part of NASA at that time.
The Bureaucratic culture focuses on ensuring that all procedures and policies are followed strictly, with little or no room for deviation.
This kind of culture is common in organizations such as government agencies, universities, and other large organizations where a lot of bureaucracy is required to manage the large number of employees and tasks.
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If you answer ALL the questions I will give thumbs up!
1. There are 2 bidders with valuations that are independently and uniformly distributed between 0 and 1. In equilibrium, what will Bidder 1 bid in a first-price auction if its valuation is 0.5? Round your answer to two decimal places.
2. There are 9 bidders with valuations that are independently and uniformly distributed between 0 and 1. What will Bidder 1 bid if its valuation is 0.9 in the symmetric equilibrium of a second-price auction? Round your answer to two decimal places.
In equilibrium, Bidder 1 will bid 0.5/2 = 0.25 in a first-price auction. This is because in a first-price auction, the highest bidder wins the item and pays their own bid. In a symmetric equilibrium of a second-price auction is of 9 bidders.
1. To avoid this, Bidder 1 will bid lower than its valuation, specifically half of its valuation since there are only two bidders. This ensures that Bidder 1 will win the auction and pay a fair price. So if Bidder 1 bids its valuation of 0.5, it is very likely that another bidder will also bid higher, and Bidder 1 will end up overpaying.
2. In a symmetric equilibrium of a second-price auction with 9 bidders, Bidder 1 will bid 0.9/10 = 0.09. This is because in a second-price auction, the highest bidder wins the item but pays the second-highest bid. So if Bidder 1 bids its valuation of 0.9, it is very likely that another bidder will also bid higher, and Bidder 1 will end up paying an even higher price than in a first-price auction.
To its valuation, specifically one-tenth of its valuation since there are ten bidders. This ensures that Bidder 1 will win the auction and pay a fair price equal to the second-highest bid.
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2 For a 1-year European call option on a stock whose prices are modeled with a binomial tree: (i) The tree has 2 periods. (ii) The tree is constructed based on forward prices. (iii) The stock price is 42 . (iv) The strike price is 35 . (v) The continuously compounded risk-free interest rate is 0.05. (vi) The stock pays no dividends. (vii) σ=0.1. Determine the option's premium.
To determine the premium of the European call option, we can use the binomial tree model. The premium of the European call option is 3.864.
In this case, the tree has 2 periods, meaning there are 3 possible stock prices at the end of the second period:
1. Up-Up: The stock price increases by a factor of (1 + σ) twice.
2. Up-Down/Down-Up: The stock price increases by a factor of (1 + σ) once and decreases by a factor of (1 - σ) once.
3. Down-Down: The stock price decreases by a factor of (1 - σ) twice.
Given that the stock price is currently 42, we can calculate the potential stock prices at the end of the second period using the binomial tree model.
1. Up-Up: (42) * (1 + σ) * (1 + σ) = 46.86
2. Up-Down/Down-Up: (42) * (1 + σ) * (1 - σ) = 39.06
3. Down-Down: (42) * (1 - σ) * (1 - σ) = 34.84
Next, we calculate the payoffs for each possible stock price at the end of the second period. The payoff for a call option is the maximum of 0 and the difference between the stock price and the strike price.
1. Up-Up: max(0, 46.86 - 35) = 11.86
2. Up-Down/Down-Up: max(0, 39.06 - 35) = 4.06
3. Down-Down: max(0, 34.84 - 35) = 0
Now, we calculate the option values at each node of the tree, starting from the end and moving backward. We discount the payoffs using the risk-free interest rate and the time period.
1. Up-Up: (0.5) * (11.86 * e^(-0.05 * 1)) = 5.755
2. Up-Down/Down-Up: (0.5) * (4.06 * e^(-0.05 * 1)) = 1.973
3. Down-Down: (0.5) * (0 * e^(-0.05 * 1)) = 0
Finally, we calculate the option value at the initial node of the tree, which represents the option's premium:
Option premium = (0.5) * [(5.755 + 1.973) * e^(-0.05 * 1)] = 3.864
Therefore, the premium of the European call option is 3.864.
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Your hair is very busy today and your team is having trouble keeping up you notice several co-workers on their cell phones and not doing their share what would you most and least likely to do
In a situation where my hair is busy and my team is having trouble keeping up, and I notice several co-workers on their cell phones and not doing their share, there are several actions I would be most and least likely to take:
Most likely:
1. Address the issue directly: I would approach the co-workers individually or as a group and express my concern about their lack of productivity and engagement. I would inquire about any challenges they might be facing and offer assistance if needed. This direct communication can help clarify expectations and encourage accountability.
2. Delegate tasks: I would identify specific tasks that need immediate attention and assign them to the co-workers who are not currently occupied. By clearly delegating responsibilities, I can help redirect their focus and ensure that work is being accomplished effectively.
3. Offer support and guidance: If the co-workers are struggling with their tasks, I would provide guidance and support to help them overcome any obstacles. This could involve offering advice, sharing resources, or providing additional training if necessary. By showing empathy and offering assistance, I can foster a sense of teamwork and motivate them to contribute to the team's success.
Least likely:
1. Ignore the situation: Ignoring the issue may lead to further productivity issues and resentment among team members. It is important to address problems promptly to maintain a positive work environment and ensure that the team's goals are being met.
2. Confrontation or reprimanding: While it may be tempting to confront the co-workers in a confrontational or reprimanding manner, this approach can create a hostile atmosphere and damage relationships. It is more effective to approach the situation with empathy and seek understanding before jumping to conclusions or assigning blame.
3. Taking over all the work: While it may be tempting to take over all the tasks to ensure they are completed on time, this approach can create dependency and enable the co-workers to continue their unproductive behavior. It is important to empower and encourage them to take responsibility for their assigned tasks while providing necessary support.
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The four perspectives used in the measurement applied to the balanced scorecard include which of the following?
a. Financial, customer, internal business, and learning and growing.
b. Financial, competitor, internal business, and learning and growing.
c. Financial, competitor, external business, and learning and growing.
d. Financial, customer, external business, and learning and rowing.
The correct answer is option Financial, customer, internal business, and learning and growing.The balanced scorecard (BSC) is a strategic planning.
management system that organizations use to align their business activities to the strategy and vision of the organization by monitoring performance and subsequently make strategic decisions.The BSC incorporates four key perspectives, namely; Financial, Customer, Internal Business Processes, and Learning & Growth. The BSC takes into account more than just financial measures;
Financial Perspective: This perspective measures the organization's financial performance and tracks whether the organization is meeting its financial goals. Internal Business Perspective: This perspective evaluates the organization's ability to learn and grow, including employee training and development, knowledge management, and innovation.
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1. Today is 1 July 2021, William plans to purchase a corporate bond with a coupon rate of j2 = 4.99% p.a. and face value of 100. This corporate bond matures at par. The maturity date is 1 January 2024. The yield rate is assumed to be j2 = 3.53% p.a. Assume that this corporate bond has a 8.5% chance of default in any six-month period during the term of the bond. Assume also that, if default occurs, William will receive no further payments at all. Calculate the purchase price for 1 unit of this corporate bond. Round your answer to three decimal places.
a. 104.195
b. 102.458
c. 67.935
d. 63.326
The purchase price for 1 unit of this corporate bond is approximately 104.195.
To calculate the purchase price of the corporate bond, we need to determine the present value of the future cash flows associated with it. The cash flows include the coupon payments and the face value at maturity.
The coupon payments can be calculated by multiplying the coupon rate by the face value and dividing by the number of periods per year. In this case, since the coupon rate is 4.99% p.a., the annual coupon payment is (4.99/100) * 100 = 4.99.
Next, we need to discount these cash flows to their present value using the yield rate. Since the yield rate is given as 3.53% p.a., we need to determine the discount factor for each cash flow.
To calculate the discount factor, we use the formula: Discount factor = 1 / (1 + yield rate/2)^(number of periods). Here, the number of periods is the number of six-month periods from the purchase date (1 July 2021) to the maturity date (1 January 2024). This comes out to be 5 periods.
Now, we can calculate the present value of the cash flows. The present value of the coupon payments is the sum of the discounted coupon payments for each period. In this case, the present value of the coupon payments is (4.99/2) * (1/((1+0.0353/2)^1)) + (4.99/2) * (1/((1+0.0353/2)^2)) + ... + (4.99/2) * (1/((1+0.0353/2)^5)).
The present value of the face value at maturity is (100) * (1/((1+0.0353/2)^5)).
Adding these present values together gives us the purchase price for 1 unit of the corporate bond, which is approximately 104.195.
The purchase price for 1 unit of this corporate bond is approximately 104.195. This calculation takes into account the coupon payments, face value at maturity, and the discounting of future cash flows based on the yield rate.
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The Law of Demand states the relationship between the demand for a good and that good's price. Which of the following statements summarize this relationship? Choose one or more: A. Demand curves for normal goods are always upward sloping. B. Demand curves for Giffen goods are always downward sloping. C. Demand curves for Giffen goods are always upward sloping. D. Demand curves are upward sloping in all cases. E. Demand curves for inferior goods are always downward sloping. F. Demand curves for Giffen goods could be upward sloping or downward sloping. G. Demand curves for normal goods are always downward sloping. H. Demand curves are downward sloping in all cases. I. Demand curves for normal goods could be upward sloping or downward sloping. J. Demand curves for inferior goods could be upward sloping or downward sloping.
The Law of Demand states that there is an inverse relationship between the price of a good and the quantity demanded. Based on this, the correct statement(s) summarizing this relationship are:
D. Demand curves are upward sloping in all cases.
F. Demand curves for Giffen goods could be upward sloping or downward sloping.
I. Demand curves for normal goods could be upward sloping or downward sloping.
J. Demand curves for inferior goods could be upward sloping or downward sloping.
These statements reflect the different possibilities for the slope of demand curves depending on the type of goods.
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The demand curve and supply curve for one-year discount bonds with a face value of $1,050 are represented by the following equations: B d
:
B s. :
Price =−0.6 Quantity +1,140
Price = Quantity +700
The expected equilibrium quantity of bonds is (Round your response to the nearest whole number.) The expected equilibrium price of bonds is $. (Round your response to the nearest whole number.) The expected interest rate in this market is \%. (Round your response to two decimal places.)
The expected equilibrium quantity of bonds is 275, the expected equilibrium price of bonds is $975 and the expected interest rate in this market is 7.69%.
Bd: Price = -0.6 Quantity + 1,140
Bs: Price = Quantity + 700
To calculate the expected equilibrium quantity of bonds, we have to equalize both supply and demand functions. We can do this by equating the prices: Price
D = PriceSor-0.6Q+1,140 = Q+700
Solving for Q,-0.6Q - Q = -440Q (1.6) = 440Q = 275
Equilibrium quantity of bonds is 275.
The expected equilibrium price of bonds is obtained by putting Q = 275 in either of the equations:
Price = -0.6 Quantity + 1,140 or Price = Quantity + 700Price
D = -0.6(275) + 1,140= $970orPriceS = 275 + 700= $975
Expected equilibrium price of bonds is $975.
The formula to calculate the expected interest rate in this market is:R = F-P/P where, R = Expected interest rate
F = Face value of the bond
P = Price of the bond
For a $1,050 face value bond, the expected interest rate will be,
R = 1,050 - 975/975= 0.0769 or 7.69%.
Therefore, the expected equilibrium quantity of bonds is 275, the expected equilibrium price of bonds is $975 and the expected interest rate in this market is 7.69%.
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Do you see commonalities between Fayol’s principles of management from 1911 and those of Tom Peters in the 1990s? Explain the theories and highlight 2 common interests.
Yes, there are commonalities between Fayol's principles of management and Tom Peters' principles of management. Both of them have outlined similar principles of management that have been used by various organizations throughout history.
Tom Peters, on the other hand, developed his principles of management in the 1990s, which included a focus on empowering employees, encouraging innovation, and continuous improvement. He emphasized the importance of flexibility, adaptability, and agility in order to succeed in today's dynamic business environment.
Two common interests between the two principles of management are:
1. Focus on Planning: Both Fayol and Peters emphasized the importance of planning in their principles of management. They both believed that planning is essential for achieving organizational goals and objectives.
2. Importance of Motivation: Fayol and Peters both emphasized the importance of motivation in their principles of management. They believed that employees must be motivated and empowered in order to achieve organizational goals and objectives.
In conclusion, although Fayol's principles of management were developed almost a century before Peters', both of these principles share many commonalities in their focus on planning and motivation. They are both highly relevant to modern management practices and can be used to improve organizational efficiency, effectiveness, and competitiveness.
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Should political party organisations conduct marketing research? Support your answer with relevant examples. (25 marks)
Please this is a research question on marketing research not campaign advertisement.
As you know the political party organizations prefer to conduct marketing research for various reasons that are beneficial for them. The political parties must conduct marketing research to gather information about their target audience and understand the needs and preferences of voters.
Marketing research helps to identify the issues that are most important to voters and the ways in which they want their elected representatives to address them. Political parties can then use this information to develop more effective campaigns and policy platforms that resonate with their constituents.
Examples of marketing research that political parties can conduct include surveys, focus groups, and data analysis of voting patterns and demographic trends. Surveys can be conducted to gather information about voters' opinions on specific issues or to assess their level of satisfaction with current policies and programs. Focus groups can provide more in-depth information about voters' attitudes and perceptions, as well as their motivations for supporting or opposing specific candidates or parties.
Data analysis can be used to identify trends in voting behavior, such as the factors that are most likely to influence voters' decisions or the demographics that are most likely to support a particular party or candidate. Overall, marketing research is a critical tool for political parties to stay informed about their constituents and to develop effective campaigns and policies that address their needs and preferences.
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Where can contribution margin income statements be used?
For a manufacturer, under what condition will operating income be the same regardless of whether a traditional income statement or Contribution margin income statement is used?
Why are contribution margin statements desirable?
The Contribution margin income statements can be used in various ways and for various purposes, some of which include; a) To calculate the break-even point. This is the point where the total revenue from the sale of a product or service equals the total costs of producing that product or service.
For a manufacturer, operating income will be the same regardless of whether a traditional income statement or Contribution margin income statement is used when the fixed costs are equal. This is because, in both methods, the total sales are deducted by the total variable costs to arrive at the contribution margin, which is then used to cover the fixed costs.
They provide information on the profitability of individual products, which is useful in decision-making, such as pricing, marketing, and product mix. Additionally, they show the relationship between costs, sales, and profits, making it easier to analyze and predict the effects of changes in sales volume on operating profit.
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Generator Contract Management (20) A generator has 100MWh generation capacity and has the following production cost curve C(q)=200+20q+0.1q^2
It enters the operating day with the following contracts: - Seller of a forward contract of 30$/MWh and a quantity of 10MWh; - Seller of a forward contract of 50$/MWh and a quantity of 5MWh; - Buyer of a forward contract of 25$/MWh and a quantity of 5MWh; - A 5MWh put option with 28$/MWh exercise price, the option fee is $100. - A 10MWh call option with 30$/MWh exercise price, the option fee is $50. - A 5MWh call option with 35$/MWh exercise price, the option fee is $50. Calculate the generator output power and option exercises to maximize its profit if (assume the generator cannot be shut down) 1. The spot market price is $22/MWh;(10) 2. The spot market price is $33/MWh. (10)
To maximize the generator's profit, we need to calculate the generator output power and option exercises under two scenarios: 1. Spot market price is $22/MWh:
Step 1: Calculate the marginal cost: The marginal cost is the derivative of the production cost curve with respect to quantity. C'(q) = 20 + 0.2q Step 2: Determine the generator's output power: To maximize profit, the generator will produce up to its generation capacity until the marginal cost equals the spot market price. 22 = 20 + 0.2q 2 = 0.2q q = 10 MWh The generator's output power will be 10 MWh. Step 3: Analyze the contracts and options: - The generator has a forward contract to sell 10 MWh at $30/MWh. - The generator has a put option to sell 5 MWh at $28/MWh. - The generator has a call option to sell 10 MWh at $30/MWh. Step 4: Calculate the profit: The profit from the forward contract is (30 - 22) * 10 = $80. The profit from the put option is max(28 - 22, 0) * 5 - $100 = $10. The profit from the call option is max(30 - 22, 0) * 10 - $50 = $80. The total profit is $80 + $10 + $80 = $170. 2. Spot market price is $33/MWh: Step 1: Calculate the generator's output power: 33 = 20 + 0.2q 13 = 0.2q q = 65 MWh The generator's output power will be 65 MWh. Step 2: Analyze the contracts and options: - The generator has a forward contract to sell 10 MWh at $30/MWh. - The generator has a forward contract to sell 5 MWh at $50/MWh. - The generator has a put option to sell 5 MWh at $28/MWh. - The generator has a call option to sell 10 MWh at $30/MWh. - The generator has a call option to sell 5 MWh at $35/MWh. Step 3: Calculate the profit: The profit from the forward contracts is (30 - 33) * 10 + (50 - 33) * 5 = $145. The profit from the put option is max(28 - 33, 0) * 5 - $100 = -$75 (option is not exercised). The profit from the call options is max(30 - 33, 0) * 10 + max(35 - 33, 0) * 5 - $50 - $50 = $10. The total profit is $145 + (-$75) + $10 = $80. In conclusion, when the spot market price is $22/MWh, the generator's profit will be $170. When the spot market price is $33/MWh, the generator's profit will be $80.
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Based on the Tesco BBC video, what you do think Tesco did wrong? As an outside auditor, could you have prevented their problems?
Based on the Tesco BBC video, Tesco faced a false accounting scandal that led to an investigation by the Serious Fraud Office in 2014.
The scandal led to a significant loss of market value and customer confidence in the company, and it all happened due to Tesco's overstatement of profits. The fraud scandal was due to a financial reporting error. Tesco booked payments from suppliers who delivered goods before the end of the period, but which were not due until the following year. As a result, Tesco overstated its profits by £246m. As a result, this was a blatant violation of accounting principles, which resulted in the scandal. Auditors are responsible for verifying financial statements to ensure that they are accurate and meet regulatory requirements. However, it is unclear how much the external auditor, PwC, knew about Tesco's accounting methods. They may have been misled by the company's bookkeeping techniques, which may have been hard to notice without an in-depth investigation.Because auditors are only required to provide a reasonable assurance that a company's financial statements are accurate, it may be difficult to prevent problems like this.However, as an outside auditor, there may be some ways to identify potential accounting problems during the auditing process. For example, an auditor could conduct more in-depth testing or question some of the company's accounting methods.
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Washington Corp had 45,000 shares of common stock outstanding from January 1 to April 1 and 65,000 shares from April 1 to December 31.
What is the weighted-average number of shares used for earnings per share calculations?
In financial accounting, earnings per share (EPS) are the monetary value of earnings of a company per each outstanding share of its common stock.
To calculate EPS, the average number of shares of stock outstanding throughout the period should be determined.
We are given that the corporation had 45,000 shares outstanding from January 1 to April 1 (91 days), and 65,000 shares from April 1 to December 31 (274 days).
Weighted-average number of shares
= [(45,000 shares × 91 days) + (65,000 shares × 274 days)] ÷ 365
= (4,095,000 + 17,810,000) ÷ 365
= 21,905,000 ÷ 365
= 60,013.70 (rounded to the nearest whole number)
Therefore, the weighted-average number of shares used for earnings per share calculations is 60,014 shares.
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1. The regulatory process in which product performance is measured, compared against standards, and corrected as needed is called A. customer service. B. quality assurance. C. quality control. O D. TQM.
The regulatory process in which product performance is measured, compared against standards, and corrected as needed is called quality control. Hence, the correct option is C. Quality control.
Quality control is a process in which an organization performs an examination of products, services, and processes to ensure that they meet or exceed predetermined requirements. The primary goal of quality control is to guarantee that the product or service meets both internal and external demands and expectations.
In this way, quality control is an essential aspect of quality assurance that involves the examination of a product or service to detect flaws and errors that may affect the quality of the end product. Quality control works hand in hand with quality assurance to ensure that the final product meets the required standards.
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A firm’s objectives:
a. Must be developed through years of trial and error experience.
b. May be viewed as simply a bundle of strategies and tactics.
c. Are results to be attained on or before a certain date.
d. Are the actual actions and operations that are necessary to execute strategies.
The statement that is true regarding a firm's objectives is "c. Are results to be attained on or before a certain date."
Explanation: A firm's objectives may be viewed as simply a bundle of strategies and tactics. Objectives are results to be attained on or before a certain date. They should be specific, quantifiable, and time-bound, with a deadline for their completion. Objectives must also be attainable, measurable, and relevant to the firm's larger objectives.
A firm's objectives should include the actual actions and operations that are necessary to execute strategies. Objectives must be developed through years of trial-and-error experience to ensure their effectiveness, and they should be flexible enough to adjust to changing circumstances.
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Identify Walter Reed National Military Medical Center core competencies and assess which ones are rare, costly, or not easily imitated. 2.Present a summary of your organization's strengths and potential (or currently verifiable) competitive capabilities. Also summarize the organization's weaknesses. Identify your company’s core competencies and assess which ones are rare, costly, or not easily imitated. 2.Present a summary of your organization's strengths and potential (or currently verifiable) competitive capabilities. Also summarize the organization's weaknesses. 3.Apply the Resource-Based View (RBV) to help you identify both the tangible and intangible assets your organization may be able to use to accomplish its intended strategies. 4.Consider and discuss the things that may make your organization's resources and capabilities difficult for others to imitate. Use Value Chain Analysis to help you deepen your understanding of the relative value of the resources and capabilities you have identified. Seek objective and independently verifiable evidence of potential rarity of the resources and capabilities.
For Part 1: Walter Reed National Military Medical Center's core competencies include the following: Active engagement in quality care services.
2. Walter Reed National Military Medical Center is one of the only hospitals in the United States that specializes in trauma care and research, which is a rare and valuable competency. Additionally, the center has a large number of highly trained and experienced medical staff, which is a costly competency.
3. Competitive capabilities: A focus on patient-centered care, continuous improvement, medical advancements through research and development, advanced surgical procedures, treatment, and diagnostic capabilities. Weaknesses: Insufficient funding, limited public awareness, and a lack of strategic partnerships.
4. Resource-Based View (RBV) approach: The organization's tangible and intangible assets, such as skilled staff, training and learning programs, culture, and research capabilities, are all resources that may be used to achieve strategic objectives. Additionally, the hospital's location, physical infrastructure, and advanced medical technologies are all tangible resources that may provide it with a competitive advantage.
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How many machines are required to meet the expected demand if they plan on adopting an expansionist strategy? Show all your work. Give your final answer in a whole number.
How many machines are required to meet the maximum (optimistic) if they plan on adopting an expansionist strategy? Show all your work. Give your final answer in a whole number.
How many machines are required to meet the maximum (optimistic) demand if the manager decides to double lot sizes and they plan on adopting an expansionist strategy? Show all your work. Give your final answer in a whole number.
How many machines are required to meet the maximum (optimistic) demand if the plant can reduce setup time by 20 percent through process improvement initiatives and they plan on adopting an expansionist strategy? Show all your work. Give your final answer in a whole number.
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Adopting an expansionist strategy is crucial for expanding business operations and meeting demands. In this case, we will focus on the production processes of a company. The company has an expected demand of 5000 units and plans to adopt an expansionist strategy. The company needs to determine the number of machines required to meet this demand.
The company's production process specifications are as follows:
Hours per unit: 1.5 minutesAvailable time: 20 hours per dayDemand: 5000 unitsTo calculate the number of units a machine produces in an hour, we divide 60 by the production time per unit:
Number of units produced in an hour = 60 / 1.5 = 40 units
Machines required to meet the expected demand (assuming no overtime):
The total production time per day is calculated by multiplying the available time by 60 minutes:
Total production time per day = 20 hours x 60 minutes = 1200 minutes
The total units produced per day can be calculated by multiplying the number of machines by the production time per day:
Total units produced per day = 40 machines x 1200 minutes = 48,000 units
The number of machines required can be calculated by dividing the demand by the units produced per day:
Machines required = Demand / Units produced per day
Machines required = 5000 / 48000
Machines required = 0.1041666667 ≈ 1 machine
Therefore, if the company plans on adopting an expansionist strategy, they will need one machine to meet the expected demand.
To meet the maximum (optimistic) demand:
The maximum (optimistic) demand is 7500 units.
Machines required to meet the maximum (optimistic) demand:
Machines required = 7500 / 48000
Machines required = 0.15625 ≈ 2 machines
If the company plans on adopting an expansionist strategy, they will need two machines to meet the maximum (optimistic) demand.
If the manager decides to double lot sizes and adopt an expansionist strategy:
If the lot size is doubled, the number of units per lot is also doubled. The time per lot will be 5000/2 = 2500. The company still operates for 20 hours a day, which is equal to 1200 minutes.
Machines required to meet the expected demand with doubled lot sizes:
Machines required = 5000 / (40 x 2) x 1200 / 2500
Machines required = 0.4166666667 ≈ 1 machine
Therefore, if the manager doubles the lot size, the company will require one machine to meet the expected demand.
To meet the maximum (optimistic) demand with doubled lot sizes:
Machines required to meet the maximum (optimistic) demand with doubled lot sizes = 7500 / (40 x 2) x 1200 / 2500
Machines required = 0.625 ≈ 1 machine
If the manager decides to double the lot size, they will need one machine to meet the maximum (optimistic) demand.
Considering a 20% reduction in setup time through process improvement initiatives:
If the setup time is reduced by 20%, the time per unit will be 1.2 minutes. The total units produced per machine per day remains the same, which is 48,000 units.
Machines required to meet the maximum (optimistic) demand with a 20% reduction in setup time:
Machines required = 7500 / 48000
Machines required = 0.15625 ≈ 2 machines
If the company reduces the setup time by 20%, they will need two machines to meet the maximum (optimistic) demand.
Therefore, adopting an expansionist strategy, doubling lot sizes, and reducing setup time can have implications on the number of machines required to meet the expected and maximum demands.
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According to the welfare analysis we did using the Supply and Demand model, why do price controls make markets less efficient? They transfer surplus from consumers to producers They transfer surplus from producers to consumers They increase sales compared to market equilibrium They create deadweight loss compared to market equilibrium
According to the welfare analysis done using the Supply and Demand model, price controls make markets less efficient because they create deadweight loss compared to market equilibrium.
What is Equilibrium? Equilibrium refers to the state of balance or stability that the market attains when the supply and demand curves intersect. The point of intersection determines the market's equilibrium price and quantity, which is also known as the market-clearing price and quantity. Price controls come in the form of a price ceiling or a price floor. A price ceiling is the maximum price that a good or service may be sold for, while a price floor is the minimum price at which a good or service must be sold.
Both forms of price control have an impact on the market. They create either a shortage or a surplus, depending on whether the price is lower or higher than the equilibrium price. As a result, they distort the market's ability to allocate resources efficiently and create deadweight loss (DWL).Price controls create deadweight loss (DWL) by distorting the market's ability to allocate resources efficiently.
They create either a shortage or a surplus, depending on whether the price is lower or higher than the equilibrium price. The DWL that arises from price controls represents a loss of value that could have been generated by the market but was not.
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An equipment costs $40,000 has a life of 4 years and a salvage value of $5,000. The production output of this equipment is 1800 on the first year, 2200 on the second year, 3000 units on the third year, and 4000 units on the fourth year. What is the annual depreciation charge on the fourth year?
The annual depreciation charge for the fourth year is $8,750.
To calculate the annual depreciation charge in the fourth year, we need to use the straight-line depreciation method. This method evenly spreads the depreciation expense over the useful life of the equipment.
The formula for straight-line depreciation is:
Depreciation Expense = (Cost of Equipment - Salvage Value) / Useful Life
In this case, the cost of the equipment is $40,000, the salvage value is $5,000, and the useful life is 4 years.
So, the annual depreciation charge in the fourth year would be:
Depreciation Expense = ($40,000 - $5,000) / 4
Depreciation Expense = $35,000 / 4
Depreciation Expense = $8,750
Therefore, the annual depreciation charge for the fourth year is $8,750.
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Recommended PR approach in responding to negative social media commentary.
(Please use theories and concepts covered in week 12 to support your recommendations).
A company's reputation is critical to its success in the market. Negative social media comments can damage a company's reputation, thus a positive PR approach is important.
There are several ways a company can address negative social media commentary, including the following:
Be aware and monitor negative social media commentary:
Social media monitoring helps companies be aware of negative comments or reviews on social media platforms. Companies can then respond to these comments quickly, addressing the issue before it grows bigger.
They can monitor social media platforms through tools such as Hootsuite, Mention, and others.
Be transparent and honest:
When responding to negative social media commentary, companies should be honest and transparent about the issue at hand. They should take responsibility and offer a sincere apology, if necessary. By doing so, the company can regain customers’ trust and respect.
Respond promptly and professionally:
Companies should respond to negative comments or reviews quickly and professionally. They should acknowledge the customer's issue and take appropriate steps to resolve it. The response should be polite, professional, and provide the solution to the customer's problem. In case of any difficulty or issues, the PR team should use a standardized response format, so that there is consistency in communication.
Use social media to tell the company’s story:
By telling their company's story, companies can attract customers and build a loyal following. Companies can use social media to communicate their values, mission, and objectives. This way, customers will know what the company stands for and will be more likely to support them.
The PR approach is crucial for a company in responding to negative social media commentary. Companies must be aware and monitor negative social media commentary, be transparent and honest, respond promptly and professionally, and use social media to tell the company's story. These recommended approaches can help a company maintain its reputation and credibility with its customers. A good reputation is crucial for the success of a company in the market.
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An annual report is used to describe the company’s (Walmart) financial conditions and operations so that both current and potential share holders can make informed choices about investing into the company.
An annual report is a document that presents a company's financial condition and operations to both current and potential shareholders, providing them with information to make informed decisions about investing in the company.
For Walmart, this report serves to give a summary of the company's financial performance, including its revenue, profits, and expenses, as well as its long-term plans and objectives. It provides a detailed analysis of Walmart's operations and includes information about the company's corporate governance, management, and any risks that may impact its future performance.
Overall, an annual report is a vital tool for any publicly traded company, as it helps to establish transparency and trust with investors and stakeholders. It gives them an opportunity to understand the company's financial performance and make informed choices about investing in the company, thereby building a strong foundation for long-term growth and success.
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Complete question:
An annual report is used to describe the company’s (Walmart) financial conditions and operations so that both current and potential share holders can make informed choices about investing into the company?
Required information [The following information applies to the questions displayed below.] On January 1, 2024. Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $520,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. 2. If the market interest rate is 8%, the bonds will issue at $475,041. Record the bond issue on January 1,2024 , and the first two semiannual interest payments on Juhe 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) serect No Journal thtry Kequired in the rirst account rield. Kound your answers to the nearest o Journal entry worksheet Record the first semiannual interest payment. Notes Enter debits before credits.
On January 1, 2024, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $520,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.
If the market interest rate is 8%, the bonds will issue at $475,041.Recording the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024:Jan 1, 2024:Bonds Receivable $475,041Discount on Bonds Payable $44,959Bonds Payable $520,000This is a journal entry for issuing bonds at a discount for Twister Enterprises.June 30, 2024:Interest Expense $16,800Discount on Bonds Payable $1,159Cash $15,641December 31, 2024:Interest Expense $16,800Discount on Bonds Payable $1,200Cash $15,600This is a journal entry for semi-annual interest payment for Twister Enterprises.
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At December 31, 2020, Tojosa Corporation reported a deferred tax liability of $240,000 which was attributable to a taxable temporary difference of $800,000. The temporary difference is scheduled to reverse in 2024. In 2021, a new tax law increased the corporate tax rate from 20% to 35%.
How should Tojosa Corporation report this change?
Solution
$ 800,000 X(35%-20%) = 120,000. Tojosa Corporation should record this change by debiting income tax expense for $ 120,000.
According to the given scenario, Tojosa Corporation reported a deferred tax liability of $240,000 on December 31, 2020, which was related to a taxable temporary difference of $800,000.
The temporary difference is scheduled to reverse in 2024. In 2021, a new tax law increased the corporate tax rate from 20% to 35%.To report the change, Tojosa Corporation should debit income tax expenses for $120,000. The change in the corporate tax rate would result in a higher tax expense for Tojosa Corporation. The calculation of the tax expense increase is as follows:$800,000 × (35% - 20%) = $120,000.Therefore, Tojosa Corporation should record this change by debiting income tax expenses for $120,000.
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Pfd Company has debt with a yield to maturity of 7.0%,
a cost of equity of 13.0%, and a cost of preferred stock of
9.0%. The market values of its debt, preferred stock, and equity are $10.0 million, $3.0 million, and $15.0 million, respectively, and its tax rate is 40%.
What is this firm's after-tax WACC?
Note: Assume that the firm will always be able to utilize its full interest tax shield.
Pfd Company's after-tax WACC is calculated to be 6.07% based on the given information. The after-tax WACC considers the weights and after-tax costs of debt, preferred stock, and equity.
To calculate the after-tax WACC (Weighted Average Cost of Capital) for Pfd Company, we need to consider the weights of each component and their respective after-tax costs.
The after-tax cost of debt can be calculated by multiplying the yield to maturity (7.0%) by (1 - tax rate), resulting in an after-tax cost of debt of 4.2%.
Next, we calculate the weights of each component by dividing their market values by the total market value of the firm:
Debt weight: $10.0 million / ($10.0 million + $3.0 million + $15.0 million) = 0.3333
Preferred stock weight: $3.0 million / ($10.0 million + $3.0 million + $15.0 million) = 0.1000
Equity weight: $15.0 million / ($10.0 million + $3.0 million + $15.0 million) = 0.5000
Finally, we can calculate the after-tax WACC by multiplying each component's weight by its respective after-tax cost and summing them up:
After-tax WACC = (0.3333 * 4.2%) + (0.1000 * 9.0%) + (0.5000 * 13.0%) = 6.07%
Therefore, Pfd Company's after-tax WACC is 6.07%.
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Eles from the Internet can contain viruses. Unless you need to edit, it's safe to stay in Protected View Enable Editing Case 6.3: The Helsinki Museum of Art and Design 1. Critique the WtA gap analysis. Could there be other explanations for the gaps? 2. Make recommendations for closing the gaps found in the WtA.
The terms 'Protected View' and 'Enable Editing' to be included, it is assumed that this solution is about Microsoft Office, most likely Microsoft Word. Therefore, the solution to Case 6.3 will be on the computer that runs.
Unless you need to edit, it's safe to stay in Protected View Enable Editing. The above statement is true as a document that is downloaded from the internet can contain viruses. The Protected View mode is a default view in Office Word 2010 and later versions to protect users from documents that are downloaded from the Internet.
The Protected View mode helps protect your computer from various threats like viruses, ransomware, and malware by allowing only the user to view the document and disabling any functionality in the document that could be a potential threat. If a document in Protected View mode requires editing, the user can click on the "Enable Editing" button at the top of the screen to make changes to the document.
It is recommended that the Protected View mode is not disabled as it could lead to a potential threat to your computer.In this case, the Helsinki Museum of Art and Design needs to evaluate its website to find gaps in its website. These gaps were identified in a Web-to-Anything (WtA) gap analysis. Below are the critiques and recommendations for the case:
1. Critique the WtA gap analysis. Could there be other explanations for the gaps? WtA gap analysis is a technique used to find gaps in a website and compare it to its expected behavior. The Helsinki Museum of Art and Design used a WtA gap analysis and found the following gaps: There are several missing links on the site that make it difficult to find information.The museum’s exhibits are only available in Finnish.
The content of the museum’s website is outdated and irrelevant. The website is not optimized for mobile devices.There is a lack of social media presence for the museum. There is a gap between the services offered by the museum and what is expected by visitors. There could be other explanations for the gaps identified in the WtA analysis. The website might not have been updated in a long time, or there could have been errors made in the development process of the website.
2. Make recommendations for closing the gaps found in the WtA. The following are recommendations for closing the gaps found in the WtA analysis: The museum should update the website and remove any outdated information. The museum should translate the exhibits to multiple languages to cater to a diverse audience. The website should be optimized for mobile devices to cater to users that access the website on mobile devices.
The museum should increase its social media presence and advertise its exhibits. The museum should add more links on its website to make it easier to navigate and find information.
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P paid their car lease payment for 12 months in the current year totaling $11,400 including 13% HST. O is required to use the car for employment and to pay her own car expenses. She estimates that the car is used 60% for employment purposes. What is the maximum deduction from employment income for tax purposes available to P for the current year?
The maximum deduction from employment income for tax purposes available to P for the current year is $5,950.80, calculated based on the business use percentage of the car lease payment.
To calculate the maximum deduction from employment income for tax purposes available to P for the current year, we need to determine the portion of the car lease payment that is eligible for deduction based on the percentage of business use.
1. Calculate the HST portion of the car lease payment:
Car lease payment = $11,400
HST rate = 13%
HST amount = Car lease payment * HST rate
= $11,400 * 0.13
= $1,482
2. Calculate the portion of the car lease payment that is eligible for deduction:
Total car lease payment (excluding HST) = Car lease payment - HST amount
= $11,400 - $1,482
= $9,918
Deductible car lease payment = Total car lease payment * Business use percentage
= $9,918 * 0.60
= $5,950.80
Therefore, the maximum deduction from employment income for tax purposes available to P for the current year is $5,950.80.
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You are the new manager of Accounts Payable. As a proud UM graduate, you have worked hard and reduced the AP balance below by 8.9%. What is the new CashCT value (in days) given the following data:
Days in the period: 52
Sales: $11,667,582
AR: $3,776,139
AP: $4,649,284
Inventory: $7,616,713
Cost of Sales: 60
(Keep two decimal places in your answer)
Cash Conversion Cycle (CCC) is the length of time between a company's cash outflows and inflows. Cash Conversion Cycle is a crucial metric for assessing the operational efficiency of a company's management.
Companies may optimize their CCC to enhance their working capital management and financial stability.A company can reduce its CCC by increasing the amount of time it takes to pay its bills (Accounts Payable) or by decreasing the amount of time it takes to collect funds (Accounts Receivable). The formula is CCC = DIO + DSO - DPO.The calculation for the new Cash Conversion Cycle is as follows:Average accounts payable = AP/COGS × 365Average accounts payable = $4,649,284/($11,667,582 × 60%) × 365.
Average accounts payable = $1,074,112CCC = DIO + DSO - DPODIO = Inventory ÷ COGS × 365DIO = $7,616,713 ÷ ($11,667,582 × 60%) × 365DIO = 127.89 daysDSO = AR ÷ Sales × 365DSO = $3,776,139 ÷ $11,667,582 × 365DSO = 118.88 daysDPO = AP ÷ COGS × 365DPO = $4,649,284 ÷ ($11,667,582 × 60%) × 365DPO = 132.36 daysCCC = DIO + DSO - DPOCCC = 127.89 + 118.88 - 132.36CCC = 114.41 daysThe new Cash Conversion Cycle (CCC) is 114.41 days. This represents the amount of time it takes to transform inventory and sales into cash inflows while paying accounts payable.
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Use a model of a two-factor economy and graphically demonstrate the pre-trade and post trade equilibria between these two countries. Which factors gain and which factors lose when trade arises between the two countries? Explain carefully Australia is land abundant and India is labor abundant. Wheat is land intensive relative to textiles. Use a model of a two-factor economy and graphically demonstrate the pre-trade and post-trade equilibria between these two countries. Which factors gain and which factors lose when trade arises between these two countries? Explain carefully.
To demonstrate the pre-trade and post-trade equilibria between Australia and India in a two-factor economy, we need to consider their relative factor endowments and the relative intensity of production for wheat and textiles. Australia is land abundant, while India is labor abundant. Wheat production is land-intensive relative to textiles.
Pre-trade equilibria: 1. In Australia, due to its abundant land, the production of wheat is relatively more efficient compared to textiles. This means that the production possibilities frontier (PPF) for Australia is steeper for wheat than textiles. 2. In India, with its abundant labor, the production of textiles is relatively more efficient compared to wheat. This means that the PPF for India is steeper for textiles than wheat. Post-trade equilibria: 1. Australia specializes in the production of wheat, while India specializes in the production of textiles. 2. As a result, Australia's PPF for wheat shifts outward, reflecting increased production efficiency due to specialization. 3. India's PPF for textiles also shifts outward, reflecting increased production efficiency due to specialization. 4. Both countries can now consume a combination of goods that lies outside their individual PPFs. Factors that gain from trade: 1. Australia gains from trade as it can now consume more textiles than before without sacrificing wheat production. 2. India gains from trade as it can now consume more wheat than before without sacrificing textile production. Factors that lose from trade: 1. In the case of Australia, the labor factor loses as the country specializes in wheat production, which is less labor-intensive compared to textiles. 2. In the case of India, the land factor loses as the country specializes in textile production, which is less land-intensive compared to wheat. In summary, when trade arises between Australia and India, both countries can benefit from specialization and increased production efficiency. Australia gains in terms of textile consumption and India gains in terms of wheat consumption. However, the factors that lose are labor in Australia and land in India due to the specialization of production.
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