The predetermined overhead rate per standard machine-hour is $4.50. The actual total overhead cost in December is $23,800. The overhead spending variance in December is $500 favorable. The budgeted overhead cost in December is $23,300, fixed overhead cost per month is $11,250, variable overhead cost per standard machine-hour is $2.50 and total overhead cost in a normal month is $22,500.
A. The predetermined overhead rate per standard machine-hour is $4.50 ($22,500/5,000 hours).
B. The actual total overhead cost in December is $23,800 ($22,500 + $1,500).
C. The overhead spending variance in December is $500 favorable ($23,800 - $23,300).
D. The budgeted overhead cost in December is $23,300 ($5,000 hours x $4.50 rate).
E. The budgeted fixed overhead cost per month is $11,250 ($22,500/2 months).
F. The budgeted variable overhead cost per standard machine-hour is $2.50 ($22,500/9,000 hours).
G. The budgeted total overhead cost in a normal month is $22,500 ($11,250 + 11,250).
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This question is about Apple.IncQ1, Implementation of project plan• Formulate and implement a strategy e.g., data mining process, life cycle, cost–benefit analysis, impact analysis, alternatives for enterprise and technology architecture, alternative organizational approaches, analytics as business processes incorporated into the enterprise architecture, etc.• A plan should be developedQ2, Justification of proposed strategy • Consider the benefit and drawback of the proposed strategy in making your decision• Investigate the adaptability of the proposed analytics program in the company environmentQ3, Recommendations• Conclude all findings with proper recommendations including further action plan if any
Q1. Implementation of project plan for Apple Inc:
The implementation of the project plan for Apple Inc is based on data mining, life cycle, cost-benefit analysis, impact analysis, alternatives for enterprise and technology architecture, alternative organizational approaches, analytics as business processes incorporated into the enterprise architecture, etc. A plan is necessary to execute the project plan efficiently.
Q2. Justification of proposed strategy for Apple Inc:
The proposed strategy needs to have consideration for both its benefits and drawbacks when making decisions. The adaptability of the proposed analytics program in the company environment should also be investigated.
Q3. Recommendations for Apple Inc:
It is important to conclude all findings with appropriate recommendations, including any further action plans that may be required. Apple Inc should work on its internal environment, including technology architecture, and focus on developing new technology. It should also increase investments in the company's marketing department and advertising.
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Healthy Food is a restaurant that is located in the center of Hana Town. It provides a variety of delicious food that customers can choose from. Competition is very intense in this area of town so, Healthy Foods has to ensure that its customers are provided with excellent products that are superior to those of competitors. The production, marketing, finance, and human resource departments work together to achieve this objective. The operations manager is aware of the level of competition and knows that he has to make sound decisions to ensure that customers are satisfied with the final output. These decisions include- 1. Design of goods and services 2. Managing quality 3. Process and capacity strategy: 4. Location strategy 5. Layout strategy 6. Human resources and job design 7. Supply chain management 8. Inventory management 9. Scheduling 10. MaintenanceAlthough the restaurant does not have a written mission statement, its main aim is to provide a healthy alternative for its customers. The OM manager has to ensure that effective strategies are put in place to achieve the mission. In order to ensure that the correct strategies are put in place, he must ensure that the proper process is followed. Although competition is intense in the town area, healthy foods are doing well. When the market saturates, management would have to expand its operation overseas. Sales for the last 12 months can be seen in the table below.1. Using a three-month moving average, forecast sales for next January (month 13).
2. If forecast for January (month 1) is 320 lunches, with an alpha of 0.4, use exponential smoothing to forecast sales for January (month 13).
In order to answer the question, we must first define the terms 'three-month moving average' and 'exponential smoothing.'
A three-month moving average is a forecasting technique that takes the average of the last three months to predict future outcomes.
Exponential smoothing is a method of smoothing a time-series data set, where the more recent data points are given higher weighting than the more distant data points.
1. Using a three-month moving average, forecast sales for next January (month 13):
To calculate the forecast for January (month 13), the average of the last three months of sales must be taken. This would include the sales figures from October (month 10), November (month 11) and December (month 12).
The total sales for these months are (290+310+330) = 930. Therefore, the forecasted sales for January (month 13) using the three-month moving average is 930/3 = 310 lunches.
2. If forecast for January (month 1) is 320 lunches, with an alpha of 0.4, use exponential smoothing to forecast sales for January (month 13):
To calculate the forecast for January (month 13) using exponential smoothing, the alpha value must first be multiplied by the actual sales figures for the previous months.
This is then added to the (1-alpha) multiplied by the initial forecast. Therefore, the forecast for January (month 13) can be calculated as follows: 0.4 x 310 (actual sales for December (month 12)) + 0.6 x 320 (forecast for January (month 1)) = 308 lunches.
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Additional information:
(i) On 30 November 2019 North sold some goods to East for cash for RM320,000. These goods had originally cost RM220,000 and none had been sold by the year-end. On the same date North also sold goods to West for cash for RM220,000. These goods originally cost RM100,000 and West had sold half by the year end.
(ii) On 1 January 2017 East owned some items of equipment with a book value of RM450,000 that had a fair value of RM570,000. These assets were originally purchased by East on 1 January 2015 and are being depreciated over 6 years.
(iii) Group policy is to measure non-controlling interests at acquisition at fair value. The fair value of the non controlling interests in East on 1 January 2017 was calculated as RM390,000.
(iv) Cumulative impairment losses on recognised goodwill amounted to RM150,000 at 31 December 2019. No impairment losses have been necessary to date relating to the investment in the associate.
Required:
(a) Prepare a consolidated statement of financial position for North Berhad and its subsidiary as at 31 December 2019, incorporating its associate in accordance with MFRS 128;
(b) Lay out workings for
(i) Goodwill;
(ii) Group retained earnings;
(iii) Minority interest; and
(iv) Investment in associates.
Consolidated Statement of Financial Position for North Berhad and its Subsidiary as at 31 December 2019
Assets
Non-current assets
Property, plant and equipment: RM450,000 (book value) + RM120,000 (accumulated depreciation) = RM570,000Goodwill: RM(150,000)Investment in associates: RM390,000Current assets
Inventories: RM320,000Trade and other receivables: RM220,000Liabilities
Non-current liabilities
Trade and other payables: RM100,000Group retained earnings: RM(420,000)Minority interest: RM(390,000)Equity
Share capital: RM(420,000)
(i) Goodwill
Goodwill is calculated by subtracting the cost of the acquired net assets from the fair value of the net assets. The goodwill for North Berhad and its Subsidiary would be: Fair value of net assets acquired - Cost of net assets acquired = Goodwill.
In this case, Goodwill would be RM570,000 - RM450,000 = RM120,000.
(ii) Group Retained Earnings
Group Retained Earnings is calculated by subtracting the total liabilities of North Berhad and its Subsidiary from the total equity. The Group Retained Earnings would be: Total Equity - Total Liabilities = Group Retained Earnings.
In this case, Group Retained Earnings would be RM420,000 - RM100,000 = RM320,000.
(iii) Minority Interest
Minority Interest is the difference between the fair value of the net assets of the subsidiary at acquisition date and the portion of the fair value of the net assets attributable to the majority shareholders. The Minority Interest would be: Fair Value of Net Assets of Subsidiary at Acquisition Date - Portion of Fair Value of Net Assets Attributable to Majority Shareholders = Minority Interest.
In this case, Minority Interest would be RM390,000 - RM570,000 = RM(180,000).
(iv) Investment in Associates
Investment in Associates is calculated by adding the cost of the net assets acquired plus any capital contributed to the associate. The Investment in Associates would be: Cost of Net Assets Acquired + Any Capital Contributed to the Associate = Investment in Associates.
In this case, Investment in Associates would be RM390,000 + 0 = RM390,000.
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CAPM postulates that the Beta of investment is a measure of how much risk the investment will add to a portfolio that looks like the overall "theoretical" market. If an investment is riskier than the market, it will have a beta greater than one. If an investment has a beta of less than one, the formula assumes it will reduce the risk of a portfolio. How could you reduce risk to your overall investment portfolio? Discuss by providing some examples.
To reduce risk in an investment portfolio, one can diversify across multiple asset classes, industries, and geographies.
For example, instead of investing solely in stocks, one can allocate funds to bonds, real estate, and commodities. Within each asset class, one can also diversify by investing in a range of companies with different risk profiles.
Furthermore, investing in international markets can provide exposure to different economic and political conditions, which can help mitigate risk. Additionally, one can use strategies such as dollar-cost averaging, rebalancing, and hedging to manage risk.
Overall, diversification and risk management strategies can help investors reduce the impact of market volatility on their portfolio.
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Jesus saves stock records show the following transactions for a specific item during last month: The organization made issues of inventory on 5th, 19th and 27th of 100 units, 190 units and 170 units respectively whiles it received 400 units on 7th at the price of GHC17.5 per unit. The opening inventory was 200 units valued at GHC2900. It is known that one of the items is damaged and will need a repair of GHC5 before it is sold for GHC25. Using the weighted average method, the total value of closing inventory for last month is? A. 3266 units B. 2963 units C. 2366 units D. 2369 units
Using the weighted average method, the total value of closing inventory for last month is GHC2369.
To solve this problem, we need to calculate the value of the opening inventory, the value of the inventory issued during the month, the value of the inventory received during the month, and the value of the closing inventory. Then, we need to use the weighted average method to calculate the total value of the closing inventory.
Opening inventory:
Number of units: 200
Price per unit: GHC2900
Value of opening inventory: 200 x GHC2900 = GHC58,000
Inventory issued during the month:
Issued on 5th: 100 units x GHC17.5 = GHC1750
Issued on 19th: 190 units x GHC17.5 = GHC3315
Issued on 27th: 170 units x GHC17.5 = GHC2975
Total value of inventory issued during the month = GHC1750 + GHC3315 + GHC2975 = GHC8040
Inventory received during the month:
Received on 7th: 400 units x GHC17.5 = GHC7000
Closing inventory:
Number of units: (200 + 400 - 100 - 190 - 170) = 240
Total value of closing inventory = (GHC58,000 + GHC7000 - GHC8040) - (5 x GHC5) = GHC2369
Therefore, the total value of closing inventory for last month is GHC2369.
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What are some things considered in the client acceptance process? Select all that apply.
A)Whether the work we are considering doing is permissible.
B) The impact on our brand and reputation from working for a client.
C)Who the client is and what we know about that person or organization.
D)Whether the engagement will be profitable.
What are some things considered in the client acceptance process: All of the above options are considered in the client acceptance process.
A) Whether the work we are considering doing is permissible.
B) The impact on our brand and reputation from working for a client.
C) Who the client is and what we know about that person or organization.
D) Whether the engagement will be profitable.
The client acceptance process is a procedure followed by professional service firms, such as accounting or consulting firms, to determine whether or not to accept a new client. The process typically involves gathering and evaluating information about the potential client, such as their background, reputation, financial stability, and the nature of the services they require.
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Skysong Inc. had beginning inventory of $36,000 at cost and $60,000 at retail. Net purchases were $360,000 at cost and $510,000 at retail. Net markups were $30,000, net markdowns were $21,000, and sales revenue was $441,000. Assume the price level increased from 100 at the beginning of the year to 115 at year-end.
Compute ending inventory at cost using the dollar-value LIFO retail method. (Round ratios for computational purposes to 1 decimal place.
e.g. 78.7% and final answer to O decimal places, e.g. 28,987.)
Ending inventory using the dollar-value LIFO retail method $__________
The ending inventory using the dollar-value LIFO retail method is $142,182.
How to calculate ending inventoryThe calculation of the ending inventory is determined by Dollar-value LIFO Retail Method. This method determines the specific price indexes for beginning inventory and current inventory.
Using the LIFO retail method, the beginning inventory for Skysong Inc. at cost is determined by multiplying the beginning inventory by the price index. The beginning inventory retail price is $60,000, and the beginning inventory cost is $36,000. The beginning inventory price index is calculated as:
100 + increase in price level (beginning to ending) = 100 + 15 = 115
beginning inventory price index = 115 ÷ 100 = 1.15
Beginning inventory at cost = Beginning inventory at retail × Beginning inventory price index= $60,000 × 1.15= $69,000
The next step is to calculate the cost-to-retail ratio at the end of the accounting period. Net purchases, net markups, and net markdowns, are combined to obtain the cost and retail amounts of goods available for sale at retail and cost prices..
The table below illustrates the calculations involved.
ITEM COST PRICE RETAIL PRICE
Total Beginning Inventory
$36,000 $60,000 $60,000
Net Purchases
$360,000 $510,000 $510,000
Net Markups
$30,000 $30,000 $60,000
Cost of Goods Available for Sale $426,000
Retail Value of Goods Available for Sale $630,000
The cost-to-retail percentage is determined by dividing the cost of goods available for sale by the retail value of goods available for sale.
Cost-to-Retail Ratio = Cost of goods available for sale ÷ Retail value of goods available for sale= $426,000 ÷ $630,000= 67.62%
To calculate ending inventory at cost, the retail value of ending inventory must be multiplied by the cost-to-retail ratio.
Ending Inventory at Retail = $210,000Ending Inventory at Cost = Ending Inventory at Retail × Cost-to-Retail Ratio= $210,000 × 67.62%= $142,182.
Therefore, the ending inventory using the dollar-value LIFO retail method is $142,182.
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given this information about a call option, if the price of the underlying stock increased by $2 in three days and implied volatility increased by 1%, the new premium would be $ .
The new premium would be: New premium = Original premium + $2 + (Original premium * 1%).
The new premium for the call option can be calculated by taking into account the increase in the price of the underlying stock and the increase in implied volatility.
First, let's repeat the question: Given this information about a call option if the price of the underlying stock increased by $2 in three days and implied volatility increased by 1%, the new premium would be $ .
Now, let's calculate the new premium:
1. Start with the original premium
2. Add the increase in the price of the underlying stock ($2)
3. Multiply the original premium by the increase in implied volatility (1%)
4. Add the result of step 3 to the result of step 2
So, the new premium would be:
New premium = Original premium + $2 + (Original premium * 1%)
Without the original premium value, we cannot calculate the exact new premium. However, this formula can be used to calculate the new premium once the original premium is known.
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beth has an outside basis of $100,000 in the btde partnership as of december 31 of the current year. on that date the partnership liquidates and distributes to beth a proportionate distribution of $50,000 cash and inventory with an inside basis to the partnership of $10,000 and a fair market value of $16,000. in addition, beth receives an antique desk (not inventory) which has an inside basis and fair market value of $0 and $5,000, respectively. how much gain or loss will beth recognize on the distribution, and what is her basis in the desk after the distribution?
Beth will recognize a gain of $34,000 on the distribution ($50,000 cash plus $6,000 difference between the inventory's FMV and inside basis). Her basis in the desk after the distribution is $5,000.
On the liquidation, Beth will receive a cash distribution of $50,000 and inventory with an inside basis of $10,000 and a fair market value of $16,000.
This means she will recognize a gain of $6,000 on the inventory, as the difference between its FMV and inside basis. She will also receive an antique desk with a zero inside basis and a FMV of $5,000.
Therefore, the total gain Beth recognizes on the liquidation is $56,000, which is her basis in the desk ($5,000) plus the gain on the inventory ($6,000) plus the cash distribution ($50,000).
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one of your customers has just made a purchase in the amount of $12,000. you have agreed to payments of $290 per month and will charge a monthly interest rate of .84 percent. how many months will it take for the account to be paid off?
Amount of purchase = $12,000, Monthly payment = $290, Monthly interest rate = 0.84%. It will take 50 months to pay off the account.
Given information: Amount of purchase = $12,000Monthly payment = $290Monthly interest rate = 0.84%To find: The number of months it will take to pay off the account.Method of approach:Use the formula to find the number of months it will take to pay off the account.Formula: A = P(1 + r/n)nt + P A = Amount P = Principal (the amount of the loan) r = Annual interest rate (as a decimal) n = Number of times interest is compounded per year t = Number of years Let's apply the formula to the given values.
P = $12,000r = 0.0084n = 12 (since the monthly interest rate is given)A = $0 (since the account has to be paid off)We need to find the number of months t. $0 = $12,000(1 + 0.0084/12)^(12t) + $290(1 + 0.0084/12)^(12t-1)Let us rearrange the equation to get a linear equation of t:$0 - $290(1 + 0.0084/12)^(12t-1) = $12,000(1 + 0.0084/12)^(12t)$290(1 + 0.0084/12)^(12t-1) = $12,000(1 + 0.0084/12)^(12t)$290 = $12,000(1 + 0.0084/12)^(12t)/(1 + 0.0084/12)^(12t-1)Use a calculator to solve for t.The answer is t = 49.87 months (rounded to 50 months).
Therefore, it will take 50 months to pay off the account.
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Prepare a Written Analysis.
The paper must address these four major topics – 1. What is your career Vision and Mission as a marketing analysists ? 2. What is your Strategic Plan? 3. How did you create this plan - what strategic planning model did you use? 3. What is your plan for achieving your career path (your road map aka Tactical Plan), The analysis is to be no less than 3-5 typed pages (not including attachments), please post updated one.
For a financial management major please!
Strategic analysis is the process of researching a firm and its operational environment in order to develop a strategy.
What exactly is a work process?
A work process is any mechanism through which employees provide value to the firm. To complete tasks, businesses frequently develop company- or industry-specific work procedures. Projects, in general, need five process groups: initiating, planning, executing, monitoring and controlling, and closing. The PMBOK (Project Management Body of Knowledge) process groups are responsible for this. Work in progress refers to partially completed commodities that are generally transformed from raw materials to final products in a short period of time. Work in progress is a term used to describe bigger capital asset projects.
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A tech company sells a bundled product that includes the software (100,000$ stand-alone price), plus 5 years of maintenance services (25$,000 stand-alone prices) for a total price of 120,000$. At the time of the signature of the contract, the tech company should ___ ?
a. Reconize all the revenue at time 5 when the company would have fulfilled all it's obligations
b. Reconize $ 100,00 of the software as revenue at the time of the sale
c. Reconize everything as revenue at the time of the sale
d. Reconize $96.000 if the software as revenue at the time of the sale
At the time of signing the contract, the technology company must reconize $ 100,00 of the software as revenue at the time of the sale. Option b is correct.
What is the revenue recognition principle?It is an accounting principle that requires revenue to be recognized separately for each element of the aggregated product if the elements are priced individually.
Therefore, the technology company is selling a bundle of products that includes software and maintenance services priced individually, the technology company must then allocate the total revenue of $120,000 between software and maintenance services based on their prices relative individuals.
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You are bullish on Yellow Hammer Inc stock. The current market price is $40, and you have $6,000 of your own to invest. You borrow an additional $5,000 from your broker at an interest rate of 8% per year and invest $11,000 in the stock. What will be your rate of return if the price of Yellow Hammer stock goes up by 14% during the next year?
Group of answer choices
19.83%
119.83%
19.00%
119.0%
Answer : The rate of return is 19.83%. Answer is option A
The rate of return for the investment can be calculated as follows : Investment = ($11,000 + $5,000) = $16,000, Yield = 14%, Interest = 8%, Investment yield = (100% + 14%) = 114%, Current yield of interest = (100% + 8%) = 108%The interest and yield rates for the stock price is as follows
Interest rate = 8% per year, Current market price = $40 per share, New market price = $40(1.14) = $45.60 per share. The number of shares purchased = ($11,000 + $5,000) ÷ $40 = 400 shares, Dividend per share = $1.50 per share, Expected dividend income = 400 shares × $1.50 per share = $600
Gross yield = ($1.50 × 400 shares) ÷ ($11,000 + $5,000) = 3%, Net yield = ($1.50 × 400 shares – 8%) ÷ ($11,000 + $5,000) = 2.81%Rate of return = [(400 × $45.60) – ($11,000 + $5,000)] × 2.81% = 19.83% . Therefore, the rate of return is 19.83%.
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Read case Amazon goes global. Was there any overall pattern
adopted across the markets Amazon entered?
There was an overall pattern adopted by Amazon when entering new markets. This pattern included focusing on existing customer needs and demands trends, partnering with local suppliers, and using research and development.
In the year 2013, Amazon Inc., an American multinational technology company, was the world's largest online retailer. Despite its success in the US, it had a very limited international presence, with operations in only four other countries: the UK, Germany, France, and Japan.
In order to expand its business, Amazon started launching in new markets, one after another, around the world. They faced several challenges while expanding globally such as language and cultural barriers, pricing strategy, competition, logistics, and supply chain management.
Amazon entered the markets by focusing on the market demand and demand trends. They tried to understand the needs of the customers in different regions and provided them with a customized experience. They did so by translating their websites and making them region-specific. Additionally, Amazon relied on their current platform to gain a foothold in each new market, adapting and customizing the platform to fit the needs of each individual market.
Amazon also partnered with local sellers to provide them access to their large customer base, which helped them in gaining popularity among the local customers. Finally, Amazon invested heavily in research and development to ensure their products were always the most cutting-edge and competitive in the marketplace.
Amazon adopted an overall pattern across the markets they entered, which involved focusing on the needs of the customers in the different regions and providing them with a customized experience. They also partnered with local sellers to provide them access to their large customer base, which helped them in gaining popularity among the local customers.
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the following information was taken from the production budget of paeke corporation for the next quarter. january february march desired ending inventory of finished goods 32,000 35,000 38,000 total units to be produced 130,000 138,000 154,000 how many units is the company expecting to sell (budgeted unit sales) in the month of february?
The company is expecting to sell 138,000 units in the month of February.
This is calculated by subtracting the desired ending inventory of finished goods (35,000) from the total units to be produced (138,000) in the same month.
To calculate the budgeted unit sales in the month of February, the desired ending inventory of finished goods must first be subtracted from the total units to be produced in the same month. This is because the desired ending inventory of finished goods represents the units that are not expected to be sold during that month.
In this case, the desired ending inventory of finished goods for February is 35,000, and the total units to be produced in February is 138,000. Thus, subtracting 35,000 from 138,000 results in the expected unit sales of 138,000. Therefore, the company is expecting to sell 138,000 units in the month of February.
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Samantha creates folders featuring an unflattering photograph of the president of the college she attends, and sells them outside of class for extra money. She did not obtain permission to use the photograph. Which of the following is true? Multiple Choice Samantha has committed both defamation and invasion of privacy toward the college president. Samantha has committed defamation of the college president in the form of libel. Samantha has committed defamation of the college president in the form of slander Samantha has not committed any tort Samantha has appropriated the photograph for commercial gain, which constitutes an invasion of privacy.
Samantha has appropriated the photograph for commercial gain, which constitutes an invasion of privacy. This is because she did not obtain permission to use the photograph and is using it for her own personal gain. This is a violation of the college president's right to privacy and can be considered an invasion of privacy.
Additionally, if the photograph is unflattering and Samantha is selling it with the intention of causing harm to the college president's reputation, she may also be committing defamation in the form of libel.
Libel is the act of publishing false information that harms a person's reputation. However, without more information, it is difficult to determine if Samantha has also committed defamation.
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Case Problem 2 Data File needed for this Case Problem: NP_EX_8-4.xlsx Hardin Medical Clinic Catherine Smythe is a personal manager for Hardin Medical Clinic in Toledo, Ohio. Part of Catherines job is to manage the weekly nursing schedule. The clinic employs 20 nurses16 full-time and 4 part-time. The clinic needs 12 nurses on weekdays and 10 on week-ends. Catherine is working on the schedule for an upcoming week and is trying to accommodate all the vacation and sick-leave requests, while maintaining the required level of on-duty nurses. Catherine asks you to develop a schedule that meets the needs of the clinic and the requests of the nurses. Complete the following: 1. Open the NP_EX_8-4.xlsx workbook located in the Excel8 > Case2 folder included with your Data Files. Save the workbook as NP_EX_8_Clinic in the location specified by your instructor. 2. In the Documentation sheet, enter your name and the date. 3. In the Schedule worksheet, in the range D5:J24, enter 0 in all the cells. In this sheet, 0s and 1s indicate whether an employee is schedule for a shift that day (0 indicates an employee is not scheduled and 1 indicates an employee is scheduled). Copyright 2020 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it EX 862 Excel | Module 8 Performing What-If Analyses 4. In the range K5:K24, enter formulas to sum the total number of shifts worked by each employee from Monday through Sunday. 5. In the range L5:L24, calculate the total number of hours worked by each employee during the week by multiplying the number of shifts worked by 8 (each shift is eight hours long). 6. In the range D26:J26, enter the required shifts per day. The clinic requires 12 nurses on the weekdays, and 10 nurses on Saturday and Sunday. 7. In the range D27:J27, enter formulas to sum the total number of shifts scheduled for nurses on each day. 8. In the range D28:J28, enter formulas to calculate the difference between the number of nurses scheduled and the number of nurses required. A negative value indicates that not enough nurses are scheduled to cover that days shifts. 9. In cell D30, calculate the total shortfall for the week by summing the daily shortfall values in the range D28:J28. 10. Create a Solver model that sets the value of cell D30 to 0 (indicating that all shifts are covered for every day of the week) by changing the values in the range D5:J24 under the following constraints: a. Add a binary constraint to force every value in the range D5:J24 to be either a 0 or a 1. b. Add a constraint to limit the total hours worked by each full-time employee to less than or equal to 40. c. Add a constraint to limit the total hours worked by each part-time employee to less than or equal to 24. d. Add a constraint to require that the difference values in the range D28:J28 all equal 0. e. Add more constraints based on the schedule requests in the range C5:C24 so that nurses are not scheduled to work shifts on days they have requested off. If a nurse has requested a day off, the cell corresponding to that day for that nurse must equal 0. 11. Run the Solver model using the Evolutionary method. (Solver might take a minute to arrive at a solution.) Confirm that the schedule generated by Solver fulfills all the requirementsall shifts are covered each day, no full-time nurse works more than 40 hours, no part-time nurse works more than 24 hours, and no nurse works on a requested day off. 12. Save the workbook, and then close it.
To complete this case problem, open the NP_EX_8-4.xlsx workbook and save it as NP_EX_8_Clinic in the location specified by your instructor. In the Documentation sheet, enter your name and the date.
What is Documentation sheet?A documentation sheet is a document that provides detailed information about a product or service. It is typically used by companies to record information about a product or service to assist in the sales process.
In the Schedule worksheet, enter 0 in all the cells in the range D5:J24. This indicates whether an employee is schedule for a shift that day (0 indicates an employee is not scheduled and 1 indicates an employee is scheduled). In the range K5:K24, enter formulas to sum the total number of shifts worked by each employee from Monday through Sunday. Then, in the range L5:L24, calculate the total number of hours worked by each employee during the week by multiplying the number of shifts worked by 8 (each shift is eight hours long).
In the range D26:J26, enter the required shifts per day. The clinic requires 12 nurses on the weekdays, and 10 nurses on Saturday and Sunday. In the range D27:J27, enter formulas to sum the total number of shifts scheduled for nurses on each day.
Run the Solver model using the Evolutionary method. (Solver might take a minute to arrive at a solution.) Then, confirm that the schedule generated by Solver fulfills all the requirements - all shifts are covered each day, no full-time nurse works more than 40 hours, no part-time nurse works more than 24 hours, and no nurse works on a requested day off. When finished, save the workbook and then close it.
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issued 225,000 zero coupon bonds five years ago. the bonds originally had 30 years to maturity with a yield to maturity of 5.2 percent. interest rates have recently decreased, and the bonds now have a yield to maturity of 4.6 percent. the bonds have a par value of $1,000 and semiannual compounding. if the company has a market value of equity of $120 million, what weight should it use for debt when calculating the cost of capital?
The company should use a debt weight of 14.04% when calculating the cost of capital.
The cost of capital is the weighted average of the costs of the sources of the company's funds, namely equity and debt. Weighted average refers to the fact that the relative size of each source of finance in the company's overall financing should be considered. The weight should be the relative percentage of that source of funding to the company's total financing.To calculate the cost of capital, we need to determine the cost of equity and the cost of debt. The costs of equity and debt can then be combined to arrive at the company's cost of capital.
PV of bond = Maturity Value / (1+YTM/2)^(2x5)
PV of bond = 1000 / (1+0.052/2)^(2x5)
PV of bond = $688.27
Market value of debt = 225,000 x $688.27
Market value of debt = $154,110,750
Weight of debt = Market Value of debt / (Market Value of equity + Market Value of debt)
Weight of debt = $154,110,750 / ($120,000,000 + $154,110,750)Weight of debt = 0.56368
Therefore, the weight of debt is 56.368%. But the above calculation doesn’t take into consideration the recent decrease in the yield to maturity. The question mentions that the yield to maturity has decreased to 4.6%. Therefore, the bond’s current value needs to be determined with the help of YTM of 4.6% and the maturity of 25 years (current remaining years after 5 years). New Bond Price Calculation:
PV of bond = Maturity Value / (1+YTM/2)^(2x25)
PV of bond = 1000 / (1+0.046/2)^(2x25)
PV of bond = $1,300.14
Market value of debt = 225,000 x $1,300.14
Market value of debt = $292,532,500
Weight of debt = Market Value of debt / (Market Value of equity + Market Value of debt)
Weight of debt = $292,532,500 / ($120,000,000 + $292,532,500)
Weight of debt = 0.1404
Therefore, the weight of debt should be 14.04% when calculating the cost of capital.
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On September 30, Year 1, the Lester Company negotiated a two-year loan of 1,000,000 markkas from a foreign bank at a percent per annum. Interest payments are made annually on September 30, and the principal will be repaid on September. Company prepares U. S. -dollar financial statements and has a December 31 year-end. Prepare all journal entries related to foreign currency borrowing, assuming the following exchange rates for 1 markka:
Date U. S. Dollars per Markka
September 30, Year 1 $0. 20
December 31, Year 1 0. 21
September 30, Year 2 0. 23
December 31, Year 2 0. 24
Required:
1. Prepare all journal entries for the Lester Company in connection with the foreign currency borrowing. What is the effective annual cost of borrowing in dollars in Year 1, Year 2, and Year 3?
Here are the journal entries for the Lester Company in connection with the foreign currency borrowing:
September 30, Year 1:
Cash $200,000
Foreign Currency Payable $200,000
To record the receipt of 1,000,000 mark as at an exchange rate of $0.20 per markka.
December 31, Year 1:
the payable currency(1,000,000 × $0.20) $200,000
Foreign Currency Translation Adjustment $10,000
To adjust the foreign currency payable to its fair value at the end of the year and record the translation adjustment in other comprehensive income.
September 30, Year 2:
Foreign Currency Payable (1,000,000 × $0.23) $230,000
Cash $130,000
To record the payment of interest and principal on the loan at an exchange rate of $0.23 per markka.
December 31, Year 2:
Foreign Currency Payable (1,000,000 × $0.23) $230,000
Foreign Currency Translation Adjustment $10,000
To adjust the foreign currency payable to its fair value at the end of the year and record the translation adjustment in other comprehensive income.
The foreign currency borrowing represents a liability for the Lester Company, which is initially recorded at its fair value in U.S. dollars. Subsequent changes in the exchange rate are reflected in the translation adjustment, which is reported in other comprehensive income. The spot rate is considered for the interest expenses and the repayment is recorded at the spot rate of repayment.
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Read Case 14 (Whole Foods: 365 Degrees of Commitment to Stakeholders) from your book -
pages 491 through 502.
Answer part C.
c. As noted on page 499, one of the many ethical issues Whole Foods faced was veering off-
course: not being true to its core values and overstating its prices.
c1. Describe the ethical intensity of this particular ethical issue (veering off-course) of the
situations mentioned in this section.
c2. Identify the core value(s) veering off-course ethical issue is directly violating.
The ethical intensity of the veering off-course ethical issue is moderate to high. Whole Foods is known for its core beliefs, and customers trust the company to adhere to them.
What does Whole Foods mean when it says that it is stakeholder-oriented?Although Whole Foods adopts a stakeholder orientation that focuses on the requirements of all of its stakeholders, including its employees and the community, despite the fact that customers are the company's greatest valued stakeholder.
How has Whole Foods' success been influenced by its adherence to corporate values?How has Whole Foods' success been influenced by its adherence to corporate values? A: Whole Foods' success has been attributed to its adherence to its corporate principles, which mirror the company's mission.
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I am going to "give you" $300,000 to invest, with the objective of growing it to $500,000 in 5 years so that you can take your $200,000 gain and use it as a downpayment towards buying a house. However, the $300,000 is not "free" – you must pay me a fee, which I normally set equal to the yield-to-maturity on the 5-year Treasury scheduled to mature in 2028. That yield is now around 4.18% (about the same as Fall 2022 -- 4.21%, up from 1.64% in Spring 2022, up from 1.06% in Fall 2021, up from 0.83% in Spring 2021).
➔ Remember that the ytm on a bond is the average annual rate of return you can expect to earn over the life of the bond, if you hold it to maturity (and coupon reinvesting is done properly).
Round all %’s to xx.yyy% or .xxyyy (i.e., 3 decimals)
a) Ignoring the fee for the moment, what is the monthly rate of return (compounded) that you must earn to achieve the portfolio objective if you contribute no additional money to the portfolio over the next 5 years?
b) Again ignoring the fee for the moment, what monthly rate of return must you earn on the portfolio if you can also save $325 per month towards the $500,000 objective?
c)How much $$$ is my fee, if the rate is applied (according to the definition of the ytm) to the initial $300,000 I "give" to you?
d) Now, including the amount of the fee that you will pay me from the portfolio’s "liquidation proceeds" at the end of the 5th year (so that you pay me and still have $500,000 left over), what monthly rate of return must you earn on the portfolio if you can save $325 per month towards your new (revised with
fee) objective? Round to xx.yyy% or .xxyyy
e) Annualize the rate in (d) under both assumptions we learned in the very beginning of the course.
To achieve the portfolio's goal, the monthly rate of return must be 0.8217%/12, or 0.000685.
What does it mean to say "rate of return"?A financial metric that measures an investment's gain or loss in relation to the amount of money invested is the rate of return. It is expressed as a percentage and shows how much money an investor has made or lost on an investment over a certain amount of time. Either for a single investment or for an entire portfolio of investments, the rate of return can be determined. An investment with a higher rate of return is more profitable, whereas an investment with a lower rate of return is less profitable or even negative.
a) The following formula can be used to determine the required compounded monthly rate of return to achieve a portfolio objective of growing from $300,000 to $500,000 in five years:
FV = PV × (1+r)ⁿ, where FV is the investment's future value, PV is its present value, r is the monthly rate of return, and n is the number of months.
FV is $500,000, PV is $300,000, and n is 5 years x 12 months/year, which equals 60 months.
Using r to solve:
$500,000 = $300,000 × (1+r)⁶⁰
(1+r)⁶⁰ = $500,000/$300,000
1+r = (500,000/300,000)¹/⁶⁰
r = (1.6667)¹/⁶⁰ - 1
r = 0.008217 or 0.8217%
Subsequently, the month to month pace of return expected to accomplish the portfolio objective is 0.8217%/12 = 0.0685% or 0.000685 (adjusted to 3 decimals).
b) The required monthly rate of return can be calculated using the formula for the future value of an annuity if you are able to save $325 per month toward the $500,000 goal:
FV is equal to PMT x ((1+r)n - 1)/r + PV x (1+r)ⁿ, where n is the number of months, r is the monthly rate of return, and PMT is the monthly payment.
PMT is $325, FV is $500,000, PV is $300,000, and n is 5 years x 12 months/year = 60 months in this scenario.
Using r to solve:
$500,000 = $325 x ((1+r)60 - 1)/r + $300,000 x (1+r)60).
Using a financial calculator or trial and error, the required monthly rate of return is approximately 0.8042 percent, or 0.008042, rounded to the nearest three decimal places.
c) The fee is equal to the current yield-to-maturity of 4.18 percent on the 5-year Treasury bond, which will mature in 2028. Consequently, the expense on the underlying $300,000 speculation is $300,000 × 4.18% = $12,540.
d) The same formula as in (b) can be used to determine the required monthly rate of return with the fee included, but the fee must be subtracted from the future value:
FV is equal to PMT × ((1+r)n - 1)/r + PV × (1+r)ⁿ, where fee equals $12,540.
PMT equals $325, FV equals $500,000 minus fee equals $487,460, PV equals $300,000, and n equals 5 years x 12 months/year equals 60 months.
Using r to solve:
$487,460 = $325 × ((1+r)60 - 1)/r + $300,000 × (1+r)⁶⁰ - $12,540.
Using a financial calculator or trial and error, the required monthly rate of return is about 0.7801%, or 0.007801 (rounded to the nearest three decimal places).
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fill in the blank. ___ is the power to hold workers accountable for their actions and to make decisions about the use of organizational resources.multiple choiceinitiativesynergyauthoritybureaucracyempowerment
Answer:
Authority
Explanation:
c)Authority is the power to hold workers accountable for their actions and to make decisions about the use of organizational resources.
Authority is the power to hold workers accountable for their actions and to make decisions about the use of organizational resources.
It is an important aspect of management and leadership within an organization, as it allows for clear decision-making and accountability for those decisions.
Without authority, it can be difficult to effectively manage and lead an organization towards its goals.
Hence Option C is correct.
Complete Question:
fill in the blank. ___ is the power to hold workers accountable for their actions and to make decisions about the use of organizational resources.multiple choice.
a) initiative
b) synergy
c)authority
d)bureaucracy
e) empowerment
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During 2020, Salt-n-Pepa Inc. became involved in a tax dispute with the IRS. Salt-n-Pepa’s attorneys have indicated that they believe it is probable that Salt-n-Pepa will lose this dispute. They also believe that Salt-n-Pepa will have to pay the IRS between $900,000 and $1,400,000. After the 2020 financial statements were issued, the case was settled with the IRS for $1,200,000. What amount, if any, should be reported as a liability for this contingency as of December 31, 2020?
On October 1, 2020, Jackson Chemical was identified as a potentially responsible party by the Environmental Protection Agency. Jackson’s management along with its counsel have concluded that it is probable that Jackson will be responsible for damages, and a reasonable estimate of these damages is $5,000,000. Jackson’s insurance policy of $9,000,000 has a deductible clause of $500,000. How should Jackson Chemical report this information in its financial statements at December 31, 2020?
As of December 31, 2020, Jackson Chemical's balance sheet should reflect a liability of $5,000,000 for loss contingency and an asset of $4,500,000 for the insurance receivable.
What is loss contingency?A loss contingency refers to a potential loss that may occur in the future, whose likelihood or magnitude of occurrence is uncertain. These contingencies can arise due to events or circumstances that have occurred in the past and whose outcome is yet to be resolved, such as pending lawsuits or regulatory investigations. They can also be related to future events, such as product warranties or possible litigation resulting from current operations. Accounting standards require companies to recognize and disclose loss contingencies in their financial statements, providing an estimate of the potential liability and the likelihood of occurrence. Failure to adequately disclose loss contingencies can result in significant financial and reputational risk for companies.
Loss contingency for estimated damages= $5,000,000
Reasonable estimate of the damages= $5,000,000
Insurance receivable= ($9,000,000 policy limit - $500,000 deductible)
= $4,500,000
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each of the following is an economic benefit of standards except: a standards reduce confusion, about the product, in the minds of the products consumers. b standards discourage compatibility between a product and its complements c standards reduce industry production costs as the result of scale economies and learning curve effects. d standards reduce the risks associated with supplying complements.
A) Standards reduce confusion about the product in the minds of the products consumers.
This answer does not represent an economic benefit of standards. Standards are typically adopted to achieve economic benefits such as reducing production costs, encouraging compatibility between a product and its complements, and reducing the risks associated with supplying complements.
By setting standards, companies and industries can increase efficiency and reduce costs due to economies of scale, learning curves, and compatibility. Additionally, standards reduce the risks associated with supplying complements and make it easier for companies to enter markets with existing standards. Ultimately, standards provide economic benefits that support competition and innovation in a market.
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who are the creatives in advertising? the people (copywriter, ad director, and creative director) who work in the creative department. the stages in the integration of the visual and nonvisual elements of a creative product. the elements that are chosen in the final version of a creative product. the elements of the advertising mix that are used in developing a creative strategy. the group of copywriters working in the creative department.
The creatives in advertising refer to the people (copywriter, ad director, and creative director) who work in the creative department. Advertising refers to the promotion of goods, services, or ideas, and there are various ways to advertise.
Advertising entails using different media channels to deliver a message, and the main purpose of advertising is to persuade and influence customers. The different types of advertising include print ads, television commercials, radio spots, billboards, online ads, direct mail, and more. Creatives in advertising refer to the people who work in the creative department. This team is responsible for the design and execution of the ad. The creatives are responsible for the idea and content that go into the ad. The creatives include the copywriter, ad director, and creative director.
The elements of the advertising mix that are used in developing a creative strategy are product, price, promotion, and place. The elements that are chosen in the final version of a creative product include visuals, sounds, music, and graphics. The stages in the integration of the visual and nonvisual elements of a creative product include concept development, copywriting, storyboarding, art direction, and production. The group of copywriters working in the creative department will typically work on the text copy of the ad.
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a company reported that its bonds with a par value of $50,000 and a carrying value of $64,000 are retired for $68,400 cash, resulting in a loss of $4,400. the amount to be reported under cash flows from financing activities is:
The amount to be reported under cash flows from financing activities when a company reports that its bonds with a par value of $50,000 and a carrying value of $64,000 are retired for $68,400 cash, resulting in a loss of $4,400 is $68,400.
A statement of cash flows is divided into three parts: Operating activities Investing activitiesFinancing activities Operating cash flows, investing cash flows, and financing cash flows are all reported separately in the statement of cash flows.Cash flows from financing activities are cash inflows and outflows related to the issuance or redemption of long-term debt or stock, as well as the payment of dividends. In the statement of cash flows, these are reported separately from cash inflows and outflows from operating and investing activities. The cash flows from the financing activities section of the statement of cash flows is used by investors to see how a company finances its operations and how it manages its capital structure.Learn more about cash flows: https://brainly.com/question/24179665
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larry obtained a mortgage from state bank. larry owns the property, controls it, and has all the rights that come along with real property ownership. state bank has an interest in the property and one other right. what is that?
The right of foreclosure is the other right of State Bank on the property.
Mortgage is a type of loan that is used to purchase a property or real estate. The property being purchased is used as collateral to secure the mortgage loan. As long as the borrower makes the monthly payments on time, they will retain ownership of the property.
However, if the borrower is unable to make payments on the mortgage loan, State Bank has the right to foreclose on the property. Foreclosure is the legal process by which a bank or lender takes possession of the property when the borrower is unable to make the payments on the mortgage loan.
Once the bank forecloses on the property, it can sell it to recover the outstanding balance on the mortgage loan.
Mortgages are granted by banks, credit unions, or other financial institutions, which means that the borrower will have to pay back the mortgage loan over a specified period, usually 15-30 years, or until the loan is fully repaid.
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Relate cost-centricity iResearch competition in the shaving business. In particular, research the competition between Gillette and Wilkinson-Schick and the more recent competition between Gillette and Harry’s and Dollar Shave Club. Focus on how Wilkinson-Schick chose to compete with Gillette and how Harry’s and Dollar Shave Club decided to compete with Gillette.
Wilkinson-Schick chose to compete with Gillette by focusing on cost-centricity, by offering low prices and discounts on their products. Harry’s and Dollar Shave Club competed with Gillette by adopting a direct-to-consumer business model that emphasized low prices and convenience.
Cost-centricity is a pricing strategy in which a firm emphasizes offering the lowest possible price to gain an advantage in a competitive market. Competition between Gillette and Wilkinson-Schick, as well as between Gillette and Harry’s and Dollar Shave Club, can be related to cost-centricity by examining their pricing strategies and approaches to competing with Gillette.
Wilkinson-Schick chose to compete with Gillette by focusing on cost-centricity, specifically through offering low prices and discounts on their products. For example, Wilkinson-Schick has regularly offered promotions for their products, such as free razors with a purchase or discounts on bulk purchases. By offering lower prices than Gillette, Wilkinson-Schick was able to capture a portion of the market share and establish themselves as a competitive force in the shaving industry.
In contrast, Harry’s and Dollar Shave Club competed with Gillette by adopting a direct-to-consumer business model that emphasized low prices and convenience. By cutting out the middlemen, such as brick-and-mortar stores and distributors, Harry’s and Dollar Shave Club were able to offer lower prices than Gillette while maintaining high-quality products.
Additionally, Harry’s and Dollar Shave Club made the shaving experience more convenient for consumers by delivering razors and other shaving products directly to their doors, saving them time and hassle. This approach proved to be successful, as Harry’s and Dollar Shave Club were able to capture a significant portion of the market share and compete with Gillette on equal footing.
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1. There are 100 seats in a restaurant open for dinner only M-F. The restaurant is open 4-11 and the average dine time is 75 minutes. Average guest check is 22.95. Calculate monthly revenue for the restaurant in December. Assume December 1 falls on a Monday.
The monthly revenue for the restaurant in December is $1,478,980.
To calculate the monthly revenue for a restaurant in December, let's use the given data: 100 seats in a restaurant, 4-11 is the time when the restaurant is open, average dine time is 75 minutes, and average guest check is 22.95.
1. The first step is to calculate the number of tables that can be served in an day. For this, we need to calculate the total time that the restaurant is open i.e., 4-11 which is 7 hours. To convert this into minutes, we need to multiply it by 60 which is 420 minutes. So, the number of tables served in an day = 420/75 = 5.6 (approx)
2. Now, let's calculate the number of guests that can be served in a day. Since the restaurant is open from Monday to Friday, it is open for 5 days. So, the number of tables served in a day = 5*5.6 = 28 (approx). Since there are 100 seats, the total number of seats per day = 28*100 = 2800
3. Let's calculate the daily revenue. Daily revenue = 2800*22.95 = $64,260
4. Now, let's calculate the monthly revenue. Since December 1 falls on a Monday, the number of days in December that the restaurant is open = 23 (i.e., the number of weekdays in December after December 1)
Monthly revenue = 23*$64,260 = $1,478,980 (approx)
Therefore, the monthly revenue for the restaurant in December is $1,478,980.
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A company has $350,000 after paying for all obligation and dividend to preferred shareholders. Calculate earning per share of the if firm has dividend payout ratio of 25% and has 180,000 common shares outstanding in the market.
First, we need to calculate the earnings available to common shareholders.
Earnings available to common shareholders = Net income - Preferred dividends
Since we are not given the net income or preferred dividends, we cannot directly calculate earnings available to common shareholders. However, we are given that the company has $350,000 after paying all obligations and dividends to preferred shareholders. This $350,000 represents earnings available to both preferred and common shareholders.
Next, we can calculate the portion of earnings that will be paid out as dividends to common shareholders, based on the dividend payout ratio of 25%:
Dividends to common shareholders = Earnings available to common shareholders x Dividend payout ratio
Dividends to common shareholders = ($350,000 - Preferred dividends) x 0.25
Finally, we can calculate the earnings per share for common shareholders:
Earnings per share = (Earnings available to common shareholders - Dividends to common shareholders) / Number of common shares outstanding
Earnings per share = [($350,000 - Preferred dividends) - ($350,000 - Preferred dividends) x 0.25] / 180,000
Simplifying, we get:
Earnings per share = ($350,000 - Preferred dividends) x 0.75 / 180,000
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