The annual savings of the firm will be $39,452
How to calculate annual savings?Cash conversion cycle = 60 days
Annual outlays = $12 million
Cost of financing = 12%
Firm reduces average age of inventory by 10 days,
Annual savings can be calculated by the formula given below:
Annual savings = Annual outlay x Cost of financing x [tex]\frac{Average inventory period}{No. of days in a year}[/tex]
= $ 12, 000, 000 x 12% x [tex]\frac{10}{365}[/tex]
= $ 39, 452 (approximately).
Therefore, the annual savings of the firm will be $39,452.
What are annual outlay, cost of financing, cash conversion cycle and average age of inventory?Annual outlay includes all yearly maintenance, operation, and depreciation costs, as well as necessary depreciation costs other than capital cost instalments, incurred in connection with regulating or storage works, plus interest on the capital cost.The financing cost (FC), also referred to as the cost of finances (COF), is the cost of borrowing money to construct or purchase assets, including interest and other charges. This can include the cost of financing a mortgage on a home, financing a car loan via a bank, or financing a student loan.Cash conversion cycle is the time it takes for a business to convert its inventory investments into cash.The average age of inventory is the number of days it takes a company to sell off its inventory (60 to 90 days is good).
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An open-market purchase of government bonds accompanied by a decrease in income taxes will result in which of the following in the short run?
A decrease in real output
A decrease in the price level
A decrease in nominal wages
A decrease in unemployment
An open-market purchase of government bonds accompanied by a decrease in income taxes will result in a decrease in unemployment in short run.
An expansionary monetary strategy such as buying government bonds on the open market will boost total demand, real production, and price level. Reduced income taxes are an expansionary fiscal measure that will boost real output, aggregate demand, and price level. Both measures will lower unemployment since they are expansionary.
Bond prices increases and decreases on the open market and keeps fluctuating. The price of bonds increases when the Federal Reserve buys them, which decreases interest rates.
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Recount the methods used to assign costs to inventory and cost of goods sold under both a perpetual and a periodic system. (Check all that apply.)
First-in, last-out
Weighted average
Last-in, first-out
Last-in, last-out
First-in, first-out
Specific identification
The procedures utilized in both periodic and perpetual systems to assign costs to inventories and cost of goods sold. is All of the above.
How do LIFO and FIFO affect the calculation of cost of goods sold?In order to calculate LIFO (Last-in, First-Out), multiply the cost of your most recent inventory by the quantity of goods sold, as opposed to FIFO (First-In, First-Out), which multiplies the cost of your oldest inventory by the quantity of inventory sold.
What kinds of accounts does a perpetual inventory system employ?The inventory account balance should never change since under the perpetual system, purchases, buy returns and allowances, purchase discounts, sales, and sales returns are automatically recognized in the inventory account.
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a firefighter is injured by smoke inhalation while fighting an accidental fire at a local resident's house. is the homeowner liable for negligence if the firefighter sues? yes, because the homeowner breached a duty of reasonable care to the firefighter. no, because the firefighter was acting unreasonably by entering a burning home. no, because the homeowner had no duty of care to the firefighter. yes, but only if causation can be established.
Answer:
Depends. Answer Below
Explanation:
It is possible that the homeowner could be liable for negligence if the firefighter sues. In general, homeowners have a duty to take reasonable care to prevent accidents or injuries that may occur on their property. If a firefighter is injured while fighting a fire at a homeowner's house, and it can be shown that the homeowner was negligent in some way (for example, by failing to properly maintain their property or by failing to warn the firefighter of known hazards), then the homeowner may be held liable for the injuries sustained by the firefighter.
you have ebtered a commodity futures contract in 90 days today the underlying commodity price decreased and you geet a margin call you must hae
You must have a short position in a future contract if you entered a commodity futures contract 90 days ago and the underlying commodity's price dropped.
What is a futures contract on a commodity?A commodity futures contract is an agreement to buy or sell a predetermined amount of a commodity at a predetermined price on a predetermined date in the future. Commodity futures can be used to safeguard or hedge an investment in the stock market. Additionally, they can be employed to place directional wagers on the underlying asset.
A Commodity Futures Contract's OperationMost contracts for commodities futures are closed off or netted at their expiration date. To reconcile the price discrepancy between the opening and closing trades, cash is employed. Investing in an underlying asset typically involves using commodities futures.
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a small, privately owned u.s. company decided to venture into global sales. unfortunately, it immediately experienced custom problems. grayson, owner of the company, found a web-based firm that could assist his business in determining what paperwork is needed, cross-checking their databases for information about foreign trade duties and taxes, u.s. labor law restrictions, and other federal regulations. grayson needed help managing A: logistics
B: CRM
C: Front-line forwarding
D:Shipping
The term "shipping" originally related to transportation by sea, but American English has expanded it to include transportation by land and air as well (international English: "carriage").
The term "logistics," which was adopted from the military context, is also used in the same way. Trucks or trains can be used for "ground" shipping (British English: lorry). Since countries' limited coastlines make it difficult to build production facilities close to ports, ground transportation is needed for air and sea exports to get cargo from its origin to the airport or seaport and subsequently to its final destination. Generally speaking, ground transportation is more expensive than sea travel but less expensive than air travel, especially in underdeveloped nations.
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U.S. Lumber Companyâs purchase of EnviroPlastics, a manufacturer of plastic cutlery, is an example of a ___ merger.
a. vertical
b. combination
c. horizontal
d. cooperative
e. conglomerate
U.S. Lumber Companyâs purchase of EnviroPlastics, a manufacturer of plastic cutlery, is an example of a conglomerate merger.
The correct answer is E i.e. conglomerate.A conglomerate may be a corporation created from many totally different, freelance businesses. in an exceedingly conglomerate, one company owns a dominant stake in smaller corporations that every conduct business operations severally.
In a conglomerate, one parent company controls the stake and possession of all different corporations within the cluster; different corporations are referred to as subsidiaries. Oftentimes, they're non inheritable through mergers and acquisitions.
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cowboy clothing issues 1,900 shares of its $0.01 par value common stock to provide funds for further expansion. assuming the issue price is $13 per share, record the issuance of common stock
The record issuance of common stock :-
Accounts title Debit Credit
Cash (1900 shares x $ 13 issue price) $24,700
Common Stock (1900 shares x $ 0.01 par
value) $19
Additional paid in capital in excess of Par
- Common Stock $24,681
Common stock is a form of company equity possession, a sort of safety. The terms voting percentage and regular share also are used often outside of America. they're called equity shares or everyday stocks in the united kingdom and different Commonwealth realms.
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tax hikes, reductions in government spending, and a high-interest-rate policy would reduce total spending in the u.s. economy and, consequently, domestic .
Cutting taxes and spending will likely hurt the government's budget, expansionary fiscal policy is often met with strong opposition. That is, both the deficit and the national debt could get bigger.
On the other hand, inflation can occur if spending grows faster than anticipated.
How is the exchange rate affected by monetary policy?When the central bank follows an expansionary monetary policy, the domestic money supply decreases the interest rate, and the outflow of capital occurs when the other conditions remain the same. The exchange rate rises as a result of capital outflows decreasing the currency supply.
What happens when taxes are cut by the government?Charge rate slices might urge people to work, save, and contribute, yet in the event that the tax reductions are not funded by quick spending cuts they will probably likewise bring about an expanded government financial plan deficiency, which in the drawn out will decrease public saving and raise loan fees.
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TRUE/FALSE. activities such as buying foreign stocks (securities) or selling your house to a citizen of a foreign country are considered international transactions.
It is completely appropriate to mention that the activities that involve buying and selling your house to a citizen to a foreign country are considered as international transactions. Therefore, the statement given above is true.
The international transactions can be referred to or considered as the transactions that take place wherein at least one party to the transaction is foreign, or either the item being traded belongs to a foreign ownership. In simple words, it can also be stated that the international transactions take place between one country and another country.
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TRUE/FALSE. just as the demand for farm labor is derived from the demand for food crops, the demand for a currency is derived from the demand for goods priced in that currency
Just as the demand for farm labor is derived from the demand for food crops, the demand for a currency is derived from the demand for goods priced in that currency. The statement is true.
Demand for products and services with that currency's price tags determines the demand for that currency. In order to buy goods and services from other nations when conducting business internationally, people and enterprises need a certain currency.
When there is a greater demand for products that are priced in a given currency, the demand for that currency rises. Referred to as derived demand, this relationship exists between the demand for a currency and the demand for commodities with that currency as the unit of exchange.
Thus, the mentioned above given-statement is true.
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a minimum number of directors, or a , must be present at each meeting of the board of directors for decisions made at the meeting to be valid.
A quorum is a minimum number of directors, or a , must be present at each meeting of the board of directors for decisions made at the meeting to be valid.
What is board of directors?A board of directors is an executive body that jointly oversees an organization's operations. This organization can be for-profit or nonprofit, such as a company, nonprofit, or government agency.
The board is in charge of overseeing the business or organization, setting management policies, defending the interests of shareholders, and coming to judgments on crucial matters.
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accepting human imperfection is one of the themes of counseling that have when incorporating spiritual values.
Accepting human imperfection is one of the themes of counselling that have healing influences when incorporating spiritual values.
What is counselling?
Counselling, or therapy as it is more popularly known, is categorised under the heading of talking treatments and enables individuals to talk about their issues and any challenging emotions they may be going through in a private, secure setting. The phrase can mean different things to different individuals, but generally speaking, it refers to a process people turn to when they want to make a change in their lives or simply want to delve deeper into their feelings and thoughts.
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One of the counseling themes that has healing effects when adding spiritual principles is accepting human imperfection.
What is counselling?Counseling, or therapy as it is more commonly known, falls under the category of talking treatments and allows people to discuss their problems and any difficult feelings they may be experiencing in a safe, private environment. The phrase might have varied meanings to different people, but generally speaking, it is a method that people use to explore their feelings and thoughts in greater depth or to create changes in their life.
Another name for counseling is "conversation therapy." It is a procedure in which a person, a couple, or a family meets with a qualified professional counsellor to discuss problems and challenges in their lives. Professional counseling is discreet and impartial.
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All of the following are TRUE statements regarding the requirements of an insurer to offer earth movement coverage in California EXCEPT
A Only authorized agents which hold an "earth movement certificate" through the department of insurance are able to market residential property insurance which provides coverage for earth movement.
B No policy of residential property insurance may be issued or delivered or initially renewed in this state by any insurer unless the named insured is offered coverage for loss or damage caused by the peril of earthquake.
C Coverage may be provided in the policy of residential property insurance which specifically provides coverage for loss or damage caused only by the peril of earthquake by itself.
D Coverage may be provided in the policy of residential property insurance which specifically provides coverage for loss or damage caused by the peril of earthquake alone or in combination with other perils.A Only authorized agents which hold an "earth movement certificate" through the department of insurance are able to market residential property insurance which provides coverage for earth movement.
correct! No additional certificate is required to market earth movement coverage.
The correct! No additional certificate is required to market stock movement coverage.
The False Statement among them is : A Only authorized agents which hold an "earth movement certificate" through the department of insurance are able to market residential property insurance which provides coverage for earth movement.
The answer is : A
Stock movement indicates the movement (inside and out) of the shares due to sale to patron, transfer, sales return or stocking in inventories.
This method of predicting destiny fee of a stock is primarily based on a primary components. The method is proven above (P/E x EPS = price). in step with this components, if we can correctly predict a inventory's destiny P/E and EPS, we can know its correct destiny rate.
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actual and potential rival offerings and substitutes a potential customer might consider instead of your offering.
Your business offers every alternative and competitor product that a potential customer might consider, including both actual and hypothetical competition.
What exactly is a contest?The market is considered to be in a competitive state when businesses or sellers compete with one another for customers' business in an effort to attain certain company goals, such as revenue, sales, and/or market share. In this context, rivalry and competition are frequently used interchangeably.
What effect does business competitiveness have?Competitors reduce a company's market share and the potential customer base, particularly when there is a supply-side constraint. Price reductions may be necessary in a competitive market to remain competitive, which could result in lower corporate profits from each item sold. A market that becomes oversaturated is an extreme example.
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Employers may terminate employees who give false information on an
application because
A. it will cost the company money to find a new employee
OB. it means a better candidate was not hired
OC. the applicant swore that the information was true and accurate
D. it is against the law to lie on a job application
Answer: C
Answer:
c
Explanation:
a competent employee receives lower-than-deserved ratings because of a few outstanding colleagues who set very high performance standards. this is an example of a rater error.
Rater errors are systematic errors in judgement that happen when one person watches and assesses another. How we assess a person's performance may be influenced by personal beliefs and prejudices.
Performance reviews are used by businesses to evaluate accomplishments, identify top performers, and decide which employees have contributed the most to the company's success. Despite the fact that there are many other types of performance evaluations, the top-down review, in which a management evaluates their direct report, is the most typical.
Because of a small number of exceptional coworkers who have very high performance expectations, a competent employee may obtain lower-than-deserved ratings. An illustration of a rater inaccuracy is this.
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The valuation of a target (from the parent's perspective) should increase when the potential acquirer's cost of capital increases.
a. True
b. False
"A target's valuation ought to rise when the cost of capital for a prospective buyer rises."
The statement is false.
The minimal rate of return or profit that a business must achieve before creating value is known as the cost of capital. The accounting department of a company computes it to assess financial risk and evaluate if an investment is appropriate.
The term "Valuation of the Target" refers to the market value of the Target's equity as determined and reported in the Business Valuation Report.
This value shall include and take into account the Target's financial statements for the most recent completed fiscal year or fiscal period, as audited and reported by the reporting accountant.
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To assume that all regulators try their best to serve the public interest even when it conflicts with their own private interest is consistent with with which of the following approaches to regulation theory? a, the public choice approach b. the public welfare approach c. both of the above d. none of the above
B.The public welfare approach. The phrase "social welfare" broadly refers to the opportunities and materials people need to have fulfilling lives.
What is the process of corporate social responsibility?Corporate social responsibility, a form of business self-regulation, aims to have a positive impact on society and promote social accountability. A company can practice CSR in a number of ways, including by being environmentally conscious and eco-friendly, promoting equality, diversity, and inclusion at work, treating employees with respect, giving back to the community, and ensuring that business decisions are moral.
What importance do you attach to corporate social responsibility?Company success is measured in characteristics that go beyond profitability, growth rate, and brand recognition. Today's stakeholders include clients, employees, and other parties.
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on january 1 of the current year, barton corporation issued 8% bonds with a face value of $67,000. the bonds are sold for $64,990. the bonds pay interest semiannually on june 30 and december 31, and the maturity date is december 31, 5 years from now. barton records straight-line amortization of the bond discount. the bond interest expense for the year ended december 31 is
If on january 1 of the current year, barton corporation issued 8% bonds with a face value of $67,000. the bond interest expense for the year ended december 31 is $5,762.
Discount on the bond = $67,000 - $64,990
Discount on the bond= $2,010
Discount amortized per year = $2,010/5
Discount amortized per year= $402
Coupon payment = $67,000 × 8%
Coupon payment= $5,360
Total interest expense = Coupon payment + Amortization of discount
Total interest expense= $5,360 + $402
Total interest expense= $5,762
Therefore the total interest expense is $5,762.
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which of the following statements concerning disclosure requirements for derivatives used as cash flow hedges is/are correct? i. the net gain or loss recognized in earnings during the period must be disclosed. ii. the amount of gain or loss deferred in other comprehensive income must be disclosed. iii. a listing of each of the derivatives used for cash flow hedges and the amount of each must be disclosed. i only. i and ii only. i and iii only. i, ii, and iii.
The following statements concerning disclosure requirements for derivatives used as cash flow hedges are correct:
B) I and II only.
Both the net gain or loss recognized in earnings during the period (Statement I) and the amount of gain or loss deferred in other comprehensive income (Statement II) must be disclosed. Statement III is not a required disclosure.
The phrase "hedge", meaning a line of bushes around the perimeter of a discipline, has long been used as a metaphor for placing limits on risk. Early hedge funds sought to hedge unique investments in opposition to widespread market fluctuations with the aid of shorting the marketplace, subsequently the name.
Hedge laying is a seasonal activity done between October and March while bushes and shrubs are dormant, and birds have completed nesting within the hedges.
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the secondary markets for capital market securities have facilitated economic growth in the u.s. because group of answer choices they help provide marketability for capital market claims. they have increased people's willingness to buy capital market claims. they make people more willing to invest because they can more easily diversify their risk. all of the above
The secondary markets for capital market securities have facilitated economic growth in the U.S. because d. all of the above
The secondary markets in the U.S. help in provide marketability for capital market claims.
They also help in increasing people's willingness to buy capital market claims.
They make people more willing to invest because they can more easily diversify their risk. The economic growth is facilitated not only by the similar market but also by the secondary market. Hence all of the above options are correct.
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you expect a share of stock to pay dividends of $1.00, $1.25, and $1.50 in each of the next 3 years. you believe the stock will sell for $20 at the end of the third year. what is the stock price if the discount rate for the stock is 10%? note: do not round intermediate calculations. round your answer to 2 decimal places.
The price of the stock when the discount rate of the stock is 10% is equal to $18.09.
Stocks are a form of investment that can have huge benefits and act as profits for individuals as well as organizations. In order to calculate the current stock price we use the below given formula and also for the the dividends paid after the first year, only one period was considered, and for the dividends paid after the second year, only two periods were considered. Now the formula is
P = (Dividend 1)/(1 + discount rate) + (Dividend 2)/(1 + discount rate)² + (Dividend 3 + SP of stock)/(1 + discount rate)³
where P is current stock price, Dividend 1, Dividend 2 and Dividend # are dividends for corresponding year and SP is selling price of stock
P = ($1)/(1 + 0.10) + ($1.25)/(1 + 0.10)² + ($1.50 + $20)/(1 + 0.10)³
P = $18.09
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casper and cecile divorced in 2018. as part of the divorce settlement, casper transferred stock to cecile. casper purchased the stock for $25,000, and it had a market value of $43,000 on the date of the transfer. cecile sold the stock for $40,000 a month after receiving it. in addition, casper is required to pay cecile $1,500 a month in alimony. he made five payments to her during the year.
The alimony Cecile received (5 * 1,500 = 7,500) and the gain from the sale of the stock ($40,000 - $25,000 = $15,000) are both included in her taxable income.
-Neither Casper nor Cecile experience any profit or loss as a result of the stock transfer.
-The $7,500 in compensation that Casper paid to Cecile which is deducted from his income.
-The alimony Cecile has received has given her an income of $7,500.
-Cecile recognises the gain on the sale of the stock when she sells the shares, which can be calculated as follows:
Gain on stock selling = $40,000 - $25,000
Gain on stock selling = $15,000
A share of the share capital made available to the public is known as a stock. When someone buys stock in a firm, they become a stakeholder in that business. Common stock and preferred stock are the two main categories of stocks. For holders of preferred stock, the dividend rate is set, whereas it varies for holders of common stock.
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genent industries, inc. (gii), developed standard costs for direct material and direct labor. in 2015, gii estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. budgeted quantity budgeted price direct materials 0.30 pounds $20 per pound direct labor 0.20 hours $12 per hour during july, gii produced and sold 3,000 containers using 1,100 pounds of direct materials at an average cost per pound of $19 and 625 direct manufacturing labor hours at an average wage of $11.75 per hour. the direct material price variance during july is .
The direct material price variance during July is $100 unfavourable.
The direct material price variance during July is calculated by subtracting the budgeted price per pound of direct materials ($20) from the actual price per pound of direct materials ($19) and multiplying the difference by the actual quantity of direct materials used (1,100 pounds). Thus, the direct material price variance during July is (20 - 19) x 1,100 = $100 unfavourable.
When one quantity directly varies with respect to another quantity it is known as direct variation. This implies that if one quantity increases or decreases the other quantity also increases or decreases proportionately.
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Employer-Sponsored Retirement Programs
In addition to pension plans, employers of all sizes offer supplemental plans. These plans are often voluntary and help employees to not only increase the amount of funds being held for retirement but also enjoy attractive tax benefits.
• A profit-sharing plan allows employees to participate in the earnings of their employer. This type of plan may be IRS qualified, making it eligible for the same tax treatment as other types of pension plans. Some companies may offer a profit-sharing program that invests heavily in .
• A thrift and savings plan has the employer contribute an amount equal to a proportion of the employee’s contribution to the plan. If the plan is IRS qualified, contributions and earnings aren’t included in until withdrawal. An employee’s contribution is considered taxable income. Thus, it is income tax.
• The salary reduction plan, (a 401(k) plan), gives employees the option to divert part of their salary to a company-sponsored, tax-sheltered savings account. In this way, the earnings diverted accumulate . Because these contributions are made pretax, the amount necessary to fund a contribution is by the contribution times the .
• A Roth 401(k) is a supplement retirement plan, which, unlike a traditional 401(k) plan, requires that all contributions are made in . With a Roth 401(k), monies withdrawn from the plan are , assuming that you are and held the account for five years or more.
• Employers -Taxable income,• Non-taxable - Deducted,• Tax-deferred - earning, Deducted - taxable income (salary)
ROTH 401(k)- • Employer (from tax paid amount)-• Non-taxable -retire
What Exactly Is Taxable Income?The portion of your gross income used to calculate how much tax you owe in a given tax year is known as taxable income. It is broadly defined as adjusted gross income (AGI) less allowable itemized or standard deductions. Wages, salaries, bonuses, and tips are all examples of taxable income, as are investment income and various types of unearned income.
What are the Taxable Income Sources?Any income earned during the tax year is considered taxable income. Employee compensation is the most common. However, there are other types of income that are taxable income.
Tax-deferred status refers to investment earnings such as interest, dividends, or capital gains that accumulate tax-free until the investor takes constructive receipt of the profits. Individual retirement accounts (IRAs) and deferred annuities are common examples of tax-deferred investments.
• some companies may offer a deferred profit sharing program that invests heavily in the retirement investment account
Given:
• Employers -Taxable income
• Non-taxable - Deducted
• Tax-deferred - earning
• Deducted - taxable income (salary)
ROTH 401(k)
• Employer (from tax paid amount)
• Non-taxable -retire
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the following matrix shows relative costs for various job-machine combinations. assume there must be one-to-one matching between jobs and machines. which set of pairs constitutes the minimum-cost solution using the assignment method? machine a b c job 1 $ 6 0 0 2 0 3 4 3 0 1 2 multiple choice 1-a, 2-c, 3-b 1-a, 2-b, 3-c 1-b, 2-c, 3-a 1-b, 2-a, 3-c 1-c, 2-a, 3-b
2-a, 3-b set of pairs constitutes the minimum-cost solution using the assignment method. Such assignment problems can also be resolved using the Hungarian Method.
Because it is simple to obtain an equivalent minimization problem by translating each matrix value to an opportunity loss. The conversion is assignment by subtraction of the highest element from all the elements of the provided matrix. Finding a matching of a specific size in a weighted bipartite graph where the sum of the edge weights is minimal is the goal of the assignment issue. The problem is known as a balanced assignment if the numbers of agents and tasks are equal. If not, it is referred to as an uneven assignment.
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anvils works' requires, on average, 2,800 tons of aluminum each week, with a standard deviation of 1,000 tons. the lead time to receive its orders is 10 weeks. the holding cost for one ton of aluminum for one week is $11. it operates with a 0.98 in-stock probability.
(Round your answer to nearest integer.) a. On average how many tons do they have on order? tons Round your answer to nearest integer.) b. On average how many tons do they have on hand? (Refer above Table 11.5) tons Round your answer to nearest integer.) If their average inventory were 5,000 tons, what would be their average holding cost per week? C. per week Round your answer to 2 decimal places.) If their average inventory were 10,000 units, what would be their average holding cost per ton of aluminum demanded each week? d. per ton Round your answer to 4 decimal places.) Suppose their on-hand inventory is 4,975 tons on average. What in-stock probability do e. they offer to their customers? Hint: Use the Excel function ENORM.S.DIST(z, TRUE Carry at least 3 decimals in your z value. TABLE 11.5 In-Stock Probabilities and Matching Safety Factors, z In-Stock Probability Safety Factor, z 0.9000 0.9800 0.9900 0.9950 0.9999 1.28 2.05 2.33 2.58 3.72 Safety Factor, z 1.25 2.00 2.25 2.50 3.00 In-Stock Probability 0.8944 0.9773 0.9878 0.9938 0.9987
Given the following ;
Average Weekly need = 2,800 tons
Lead time = 10 weeks
In everyday language, a mean is a single wide variety taken as representative of a listing of numbers, generally the sum of the numbers divided by way of how many numbers are within the listing (the arithmetic suggest). for instance, the common of the numbers 2, three, four, 7, and 9 (summing to twenty-five) is 5. relying at the context, an average is probably every other statistic which include the median, or mode. for instance, the average personal earnings is regularly given as the median—the range underneath which can be 50% of personal earning and above which might be 50% of private incomes—due to the fact the suggest could be better by means of along with non-public incomes from a few billionaires. for that reason, it's far endorsed to avoid the usage of the word "common" whilst discussing measures of valuable tendency.
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An accountant performing a nonissuer's review engagement is considering the appropriateness of a client's balance for accrued wages. The accountant should perform each of the following procedures, except:
A. Testing the process used by management to determine the balance.
B. Comparing the current-year balance to the prior-year balance.
C. Obtaining representations from management regarding the year-end balance.
D. Making inquiries of the payroll accountant regarding completeness of the account balance.
All of the following tasks should be carried out by the accountant, with the exception of checking the management's method for calculating the balance.
What two auditing techniques are used during a review engagement?The auditor conducts investigational and analytical review procedures throughout the engagement to give the moderate degree of assurance necessary to produce a negative assurance report.
The four steps to accepting an audit engagement are as follows?Although each audit engagement is different, the fundamental steps of planning, preparation, field testing, and audit methods, as well as the subsequent delivery of the audit opinion, are common to most.
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Bob works for ABC Corporation and is a practicing Muslim. He tells his employer that he must have off every Saturday for religious reasons. Saturday is their busiest day. In order for ABC to be able to terminate Bob, they
must
Bob works for ABC corporation and is a practicing Muslim. he tells his employer that he must have off every Saturday for religious reasons. saturday is their busiest day. in order for ABC to be able to terminate bob, they must prove that an attempt to accommodate her would be unreasonable. Option A
What are religion and work?Generally, An employer is required by Title VII to make reasonable accommodations for an employee's sincerely held religious beliefs, which may include allowing the employee to engage in religious expression while at work, to the extent that the employee is able to do so without creating an undue hardship for the operation of the business.
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CQ
Bob works for ABC corporation and is a practicing Muslim. he tells his employer that he must have off every Saturday for religious reasons. saturday is their busiest day. in order for ABC to be able to terminate bob, they must
a. prove that an attempt to accommodate here would be unreasonable
b. prove that ABC Corporation is not a religious organization
c. prove that Bob's social media posts are not about religion
d. prove that Bob has never gone to church
zeneth computers is a software development company. it has received a random email claiming that there will be an attempt to hack and extract sensitive financial data of the company before the year end. the company has contacted you, a network analyst, to verify if such claims are indeed true. you have decided to set up a trap for the hackers by putting up a system containing false financial data. which of the following will you use in this scenario?
You've made the decision to build up a system with fake financial data as a trap for the hackers. In this case, we're going to use Honeypot.
Hackers are able to recognize an operational honeypot.Attackers would look for honeypots on the network by increasing the services running on the system. One of these problems is the creation of malicious HTTPS, SMTPS, and other packets. a case study. Ports that ought to be operational but steadfastly decline a three-way handshake might be honeypots.
Honepots, as the name implies, are a form of hacker bait. In a way, honeypots are ruses made to resemble the company computers. Hackers fall for it and think they've found financial success. When an effort is made to steal data from the honeypot, the security analyst can either track the hackers and report them to the police or utilize this as a means of deterring them from the genuine protected data.
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