I. David Williams (David) is the long-serving Chief Executive Officer (CEO) of Advanced Disposal Services Inc, a US listed company. He had a meeting with the newly-appointed chairman of the company, Peter Thomson (Peter), who happens to be married to David’s sister. A number of different items were on the agenda for discussion. David said that he had recently had a meeting with two institutional shareholders in the company, who together held 7% of the equity share. He had discussed the company’s performance over the past few months and they had been pleased by the profit forecasts that he had given them. The company’s results would be announced to the stock market within the next three weeks. He had also discussed the company’s main business strategies with these shareholders and had informed them that he intended to establish a strategy committee within the company, consisting of the executives. They then went on to discuss the retirement and re-election of board of directors at the Assistant General Manager. David said there was a problem with one of the directors, who would be retiring by rotation this year, who had been an independent non-executive director for almost of the board. He was considered to be too valuable to lose from the board, but there was now a problem with his independent status. David felt that he was still as an independent now as he was when he first joined the board. David also informed Peter that he had arranged for additional training for two board directors: the marketing director and one of the non-executive directors.
(a) Evaluate the apparent weaknesses in the corporate governance practices of Advanced Disposal Services Inc. For each weakness that you suggest what the appropriate practice of governance should be.
(b) Explain the problem facing the Advanced Disposal Services Inc regarding the long-serving non-executive director, and suggest the company should do resolve it.
The apparent weaknesses in the corporate governance practices of Advanced Disposal Services Inc. is the lack of a clear company policy regarding the tenure of company directors.
What is the problem facing Advanced Disposal Services Inc?They have a problem with their long-serving non-executive director and they are at a loss on what to do because they do not have a clear company policy regarding how long a member of the board should serve.
Hence, we can see that the solution to this would be to draft a company policy that is easily understood and can be enforced and add a time limit for serving board members.
Read more about board of directors here:
https://brainly.com/question/14788367
#SPJ1
What are the consequences for overs and unders in your store
Answer:
it may lead to scarcity of customers
what are two signifcant reasons why a particular objective or target my not ba attained as planned?
There are many reasons why a target is not achieved as they are planned:
Flexibility is hindered by plans.Ideas are stifled by plans.Planning averts action.What is Planning?Idea organization into doable actions is the process of planning. Strategic planning, tactical planning, operational planning, and contingency planning are the four main subcategories of planning. An organization's aims and objectives are determined through the process of strategic planning.
Thus, An organization's aims and objectives are determined through the process of strategic planning. But sometimes planning creates an obstacle while achieving the target because planning averts the action, and planning makes the process rigid.
Learn more about Planning here:
https://brainly.com/question/13010835
#SPJ1
Too little of a good or service is produced when there is a
Oza has established several successful products in the competitive beverage industry. Why has he been able to achieve this success when large organizations with more resources, such as Coca Cola and Pepsi, are forced to buy these new successful brands?
Oza has shown a propensity to zig when category heavyweight Gatorade zags over its seven years at Glaceau/Vitaminwater, during which time it has built the dominant brand in the enhanced water industry. Further capitalizing on the growing demand for "functional drinks" among modern consumers. This is further explained below.
What is beverage industry?Generally, The production of beverages and ready-to-drink items constitutes the beverage business (or drink industry).
In conclusion, Oza, during its seven years at Glaceau/Vitaminwater, established itself as the market leader in the enhanced water business by consistently bucking the trends set by category heavyweight Gatorade. Tapping into the expanding market for "functional beverages" among today's customers.
Read more about beverage industry
https://brainly.com/question/5068101
#SPJ1
what is accounting ?
Answer:
it is the study of the systematic way of keeping records.
Given
Principal = $11,500,
Interest Rate = 10%
Time = 240 days (use ordinary interest)
Partial payments:
On 100th day, $6,000
On 180th day, $3,500
a. Use the U.S. Rule to solve for total interest cost. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)
b. Use the U.S. Rule to solve for balances. (Use 360 days a year. Do not round intermediate calculations. Round your answers to the nearest cent.)
c. Use the U.S. Rule to solve for final payment. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)
Total interest=$489.58
Balance after 100th day=$5,819.44
Balance after 180th day=$2,448.77
Final payment=$2,489.58
Compute the total interest, the balances on the 100th and 180th days as well as the final payment of the loan?
In the first place, ordinary interest means simple interest, in other words, the simple interest approach would be used in computing the interest due at every point in time.
Interest=loan balance*interest rate*number of days that interest is due/360 days
Interest on 100th day=$11,500*10%*100/360
Interest on 100th day=$319.444444
balance after 100th day=initial principal+ interest-partial payment
balance after 100th day=$11,500+$319.444444 -$6,000
balance after 100th day=$5,819.444444
Note it has been 80 days since the payment of the last interest on 100th
interest on 180th day=$5819.444444 *10%*80/360
interest on 180th day=$129.320988
balance of the loan on the 180th day=$5,819.444444+$129.320988-$3,500
balance of the loan on the 180th day=$2,448.765432
The final payment would be the balance as of the 180th day plus the interest for the last 60 days(180th-240th)
final interest=$2,448.765432*10%*60/360
final interest =$40.812757
Final payment=$2,448.765432+$40.812757
Final payment=$2,489.58
Total interest=$319.444444+$129.320988+$40.812757
Total interest=$489.58
Find a further guide in the link below:
https://brainly.com/question/10710550
#SPJ1
Decision Point: Julia's Power Tactic
"That's the worst idea I've heard today," Julia scoffs. "You can't even run this company in this old warehouse without me, much less take the group over to the fancy new complex and grow it big. Do you even know what I do here?"
You have to admit to yourself that you've become removed from day-to-day operations and do not know how to do what she does, but her anger is making you angry, too, so you choose to stay silent.
She concludes, "I am not going to compete for a title and risk becoming just a director. Just ask the others; they'll hate this idea, too. I'll leave!"
Which power tactic is Julia employing?
1. Pressure
2. Rational persuasion
3. Inspirational appeal
4. Consultation
Option 1. The power tactic that Julia is trying to employ here is what is called Pressure.
What is a power tactic?This is the tactic that people would employ in order to show potential power or give off a certain perception of power.
This is what is being used here. The type that she is using is what is called Pressure.
Read more on power tactic here:
https://brainly.com/question/11655865
#SPJ1
Which of the following is NOT TRUE about life insurance applications? A The application may contain all the information that underwriting needs to approve the insured B The application is confidential communication between the producer and the insurer C Applications for life insurance are typically divided into two parts: General Information and Health History D The application more fully identifies the insured
Answer:
A
Explanation:
The application may contain all the information that underwriting needs to approve the insured
Hat Tricks Company (HTC) is a Buffalo, New York, manufacturer of hats and gloves. Recently, the company purchased a new machine to aid in producing the hat product lines. Production efficiency on the new machine increases with the workforce experience. It has been shown that as cumulative output on the new machine increases, average labor time per unit decreases up to the production of at least 3,200 units. As HTC’s cumulative output doubles from a base of 100 units produced, the cumulative average labor time per unit declines by a learning rate of 80%.
HTC has developed a new style of men’s hat to be produced on the new machine. One hundred of these hats can be produced in a total of 20 labor hours. All other direct costs to produce each hat are $19 per hat, excluding direct labor cost. Direct labor cost per hour is $60. Fixed costs are $8,000 per month, and HTC has the capacity to produce 3,200 hats per month.
The selling price per hat is mathematically given as
S=$62
What is the selling price per hat?Direct labor hours required to produce first 100 hats=10hr
Direct labour cost =20hr*60$/hour = $1200
Other Direct cost =100hats*19$/hat = $1900
Total Direct cost. = $3100
Selling price is 200% of Direct production cost
$3100*200% = $6200
The selling price per hat = $6200 / 100hats
The selling price per hat = $62
In conclusion, The selling price per hat = $62
Read more about selling price
https://brainly.com/question/28017453
#SPJ1
Proposal Research for digital planners
Answer:
Digital media planners are responsible for developing and executing digital media strategies. This typically includes negotiating and acquiring advertising space across digital media platforms; monitoring, optimizing, and reporting on campaign performance; managing budgets, and liaising with clients.
How is the annual percentage yield (APY) calculated?
Annual percentage yield (APY) refers to the rate of return. It does this via way of means of stating the actual percent of increase on the way to be earned in compound interest assuming that the money is deposited for one year.
What is the formula for Annual percentage yield (APY)?Annual percentage yield (APY) is calculated by the usage of this formula
APY= (1 + r/n )n – 1,
Here, “r” is the said annual interest rate, and “n” is the variety of compounding intervals every year.
APY is referred to as the effective annual rate or EAR.
Therefore, Annual percentage yield (APY) refers to the rate of return. It does this via way of means of stating the actual percent of increase on the way to be earned in compound interest assuming that the money is deposited for one year.
Learn more about Annual percentage yield:
https://brainly.com/question/8449462
#SPJ1
Vaughn Manufacturing had the following accounts and balances: Accounts payable $28800 Equipment $35600 Accounts receivable 5300 Land 34400 Buildings 98500 Unearned service revenue 10400 Cash 15350 Total stockholders' equity ? If the equipment was sold for $35600, what would be the total of stockholders' equity? $64400 $139550 $90650 $149950
Based on the value of the various accounts of Vaughn Manufacturing, the total stockholders' equity would be D. $149,950
What is the total stockholders' equity?First find the total assets:
= Equipment + Land + Building + Accounts receivable + Cash
= 35,600 + 34,400 + 98,500 + 5,300 + 15,350
= $189,150
Liabilities would be:
= Accounts payable + Unearned service revenue
= 28,800 + 10,400
= $39,200
Equity is:
= 189,150 - 39,200
= $149,950
Note: The sale of equipment would not affect total asset value as cash would increase when equipment decreases.
Find out more on stockholders' equity at https://brainly.com/question/14032844.
#SPJ1
Which of the following is an example of a human resource?
a.) Indoor and outdoor furniture available for customers to enjoy the
O
atmosphere
b.) The manager of Tarheel Coffee, who oversees the day-to-day operations
O
Oc.) Cash used to pay monthly operating expenses at each location
d.) An idea for a new summer drink that will be unique to Tarheel Coffee's
O
menu
Which of the following are examples of how everyday people use the skill of technology in their daily skills
The sentence that depicts the examples of how everyday people use the skill of technology in their daily skills is option E. All of these are examples of how everyday people use the skill of technology in their daily skills
What is technology?Technology is the result of compiled knowledge and application of skills, methods, and processes used in industrial production and scientific research. Technology is found in the operation of all machines, with or without detailed knowledge of their function, for the intended purpose of an organization.
Therefore the correct answer is option E. All of these are examples of how everyday people use the skill of technology in their daily skills
The complete question goes thus:
Which of the following are examples of how everyday people use the skill of technology in their daily skills
A. Paying bills online
B.Checking email on their phone
C.Scanning a transportation card on the subway
D.Taking this online class
E. All of these are examples of how everyday people use the skill of technology in their daily skills
learn more about technology: https://brainly.com/question/25110079
#SPJ1
Dorian owns a farm and sells potatoes to local restaurants and grocery stores. Which phrase describes this information about Dorian's business?
Supplier in the factor market
Supplier in the financial market
Consumer in the product market
Consumer in the factor market
The phrase that describes Dorian's business is she is a supplier in the factor market.(Option 1)
What is a factor market?A factor market is a market where the factors of production that are needed in the production of final goods and services are bought and sold. The potatoes sold by Dorian represents a factor of production because they are input for the restaurants.
To learn more about factor markets, please check: https://brainly.com/question/17284274
#SPJ1
The form used by employers to show how much an employee earned that year and all taxes paid is a _______.
A.
W-2
B.
1099
C.
W-4
D.
1040
The form used by employers to show how much an employee earned that year and all taxes paid is a W-2.
Therefore option A is correct.
What is a W-2?Form W-2, also known as the Wage and Tax Statement, is the document an employer is required to send to each employee and the Internal Revenue Service (IRS) at the end of the year.
A W-2 reports employees' annual wages and the amount of taxes withheld from their paychecks.
learn more about Form W-2 at https://brainly.com/question/1530194
#SPJ1
Which 3 of the following responsibilities can belong to the project sponsor?
Answer:vision,governance and value or benefits realization.
Explanation:
Project Sponsor Responsibilities The project sponsor is responsible for many aspects of the project, from initiating and ensuring success to approving and establishing parts of the project. The role can be broken into three parts: vision, governance and value or benefits realization.
assume you decide to start a business and you quit your job that was paying you $60,000 a year. you pay $36,000 to the landlord
The implicit cost is $61,000.
What is the implicit cost?Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
When you decide to start the business, you forgo the amount you earned from your job and the interest you were earning.
$60,000 + 1,000 = $61,000
Please find attached the complete question. To learn more about implicit cost please check: https://brainly.com/question/25776323
#SPJ1
______ is the result of low-cost producers focusing all their efforts on producing a single good or service. (Use one word for the blank.)
Specialization is the result of low-cost producers focusing all their efforts on producing a single good or service. This is further explained below.
What is Specialization ?
Generally, the process of focusing on and developing expertise in a specific topic or ability.
In conclusion, Low-cost manufacturers specialize when they concentrate all of their efforts on providing a particular commodity or service.
Read more about Specialization
https://brainly.com/question/17637916
#SPJ1
On June 1, 2020, Sandhill Company sells $196,000 of shelving units to a local retailer, ShopBarb, which is planning to expand its stores
in the area. Under the agreement, ShopBarb asks Sandhill to retain the shelving units at its factory until the new stores are ready fo
installation. Title passes to ShopBarb at the time the agreement is signed. The shelving units are delivered to the stores on September
1, 2020, and ShopBarb pays in full. Prepare the journal entries for this bill-and-hold arrangement (assuming that conditions for
recognizing the sale as a bill-and-hold sale have been met) for Sandhill on June 1 and September 1, 2020. The cost of the shelving units
to Sandhill is $109,000.
The journal entries for this bill-and-hold arrangement for Sandhill Company on June 1 and September 1, 2020, are as follows:
June 1, 2020:
Debit Cash $196,000
Credit Sales Revenue $196,000
September 1, 2020: No journal entry is required
Debit Cost of goods sold $109,000
Credit Inventory $109,000
What is a bill-and-hold arrangement?A bill-and-hold arrangement is a revenue recognition method that records revenue before the delivery of goods to the customer.
Transaction Analysis:June 1, 2020: Cash $196,000 Sales Revenue $196,000
September 1, 2020:
Cost of goods sold $109,000 Inventory $109,000
Learn more about bill-and-hold sales at https://brainly.com/question/22941895
#SPJ1
the idea of setting timers for work intervals followed by short breaks is called what
Answer:
The Pomodoro Technique
Explanation:
The Pomodoro Technique is a time management system that encourages people to work with the time they have—rather than against it. Using this method, you break your workday into 25-minute chunks separated by five-minute breaks. These intervals are referred to as pomodoros.
lanier company manufactures expensive watch cases sold as souvenirs. three of itssales departments are retail sales, wh
Mary Gammel's responsibility in the firm is to monitor the results of profit center because it is the key driver of the total results of the company.
What is Mary Gammel position?She is a manager in the retail sales department which is a profit center in the firm because it is saddles with role of supervising the team of sales representatives who works with customers.
Hence, Mary Gammel's role is to monitor the results of profit center because it is the key driver of the total results of the company.
Missing words "Mary Gammel is a manager in the Retail Sales Department. Determine what should be included in the responsibility report of the manager"
Read more about retail sales department
brainly.com/question/930797
#SPJ1
Mary, a business person, borrowed money in a bank and it had different maturity dates. Mary decided not to fulfill the contractual obligations and she did not pay accordingly in the period agreed. How would you advise about the effects of such an activity to her business and to the lender.
The information given implies that the inference is that such an activity will her business as she'll have to pay more interest for the money borrowed.
What is an inference?An inference is the conclusion deduced based on the information given.
In this case, the information given implies that the inference is that such an activity will her business as she'll have to pay more interest for the money borrowed.
Learn more about inference on:
brainly.com/question/25280941
#SPJ1
What is the weighted average cost of capital (WACC) for ABC Limited which has the following capital structure? $5m of equity with a cost of equity of 15%; $2m of mezzanine finance with a cost of 9.5%; $1m of senior debt with a cost of debt of 7%.
The weighted average cost of capital (WACC) for ABC Limited is 12.63%
The weighted average cost of capital(WACC) of a firm is the average cost of finance incurred by the firm on all its sources of finance.
It is determined as the sum of the cost of each source of finance multiplied by their respective weights in the firm's capital structure.
By weights, I mean the percentage of funding each source contributes to the total finance available at the firm's disposal.
WACC=(weight of equity*cost of equity)+(weight of mezzanine finance*cost of mezzanine finance)+(weight of debt*cost of debt)
weight of equity=equity finance/total finance
cost of equity=15%
weight of mezzanine finance=mezzanine finance/total finance
cost of mezzanine finance=9.5%
weight of debt of finance=debt finance/total finance
total finance=$5m+$2m+$1m
total finance=$8m
WACC=($5/$8*15%)+($2/$8*9.5%)+($1/$8*7%)
WACC=12.63%
Find further guidance on weighted average cost of capital's computation in the link below:
https://brainly.com/question/25566972
#SPJ1
Who is authorized to inspect a scaffold?
Answer:
Competent person
Explanation:
OSHA requires the general contractor in section 1926.451(f)(3) to have scaffolds and scaffold components inspected for visible defects by a competent person prior to each work shift and after any occurrence which could affect a scaffold's structural integrity.
Answer:OSHA
According to 2 sources
Posted on June 29, 2017 by Trekker Group As you know, OSHA requires that a competent person inspect all scaffolds before each shift when it will be used and after any circumstances or events that could potentially affect their integrity.
When comparing two investments with the same effective rate, one with a 4-year term and semi-annual compounding and one with a 2-year term and quarterly compounding, the nominal rate of the 4-year term instrument is ____ the nominal rate of the 2-year term instrument.
A. the same as
B. higher than
C. lower than
The 4-year term instrument's nominal rate is higher than the 2-year term instrument's nominal rate.
What is nominal rate?
The increase in payment you make to the lender for using the borrowed funds is known as the nominal interest rate.
The rate of compounding is higher for 2-year investments than for 4-year investments, which are compounded semi-annually.
As a result, option (b) is correct.
Learn more about on nominal rate, here:
https://brainly.com/question/13324776
#SPJ1
Great Eastern Credit Union (GECU) has two operating departments (Branches and Electronic) and three service departments (Processing, Administration, and Maintenance). During July, the following costs and service department usage ratios were recorded.
Supplying Department Using Department
Processing Administration Maintenance Branches Electronic
Processing 0 50 % 0 10 % 40 %
Administration 0 0 0 60 % 40 %
Maintenance 10 % 20 % 0 20 % 50 %
Direct cost $ 86,000 $ 550,000 $ 321,000 $ 4,600,000 $ 2,300,000
The cost accountant at Great Eastern Credit Union estimates that the cost structures in its departments are as follows.
Processing Administration Maintenance Branches Electronic
Variable costs $ 65,000 $ 157,000 $ 131,000 $ 1,550,000 $ 1,450,000
Fixed costs 21,000 393,000 190,000 3,050,000 850,000
Total costs $ 86,000 $ 550,000 $ 321,000 $ 4,600,000 $ 2,300,000
Avoidable fixed costs $ 6,000 $ 279,000 $ 78,000 $ 650,000 $ 690,000
Required:
a. If GECU outsources the Processing Department, what is the maximum it can pay an outside vendor without increasing total costs?
b. If GECU outsources the Administration Department, what is the maximum it can pay an outside vendor without increasing total costs?
c. If GECU outsources the Maintenance Department, what is the maximum it can pay an outside vendor without increasing total costs?
a. If GECU outsources the Processing Department, the maximum it can pay an outside vendor without increasing total costs is $56,400.
b. If GECU outsources the Administration Department, the maximum it can pay an outside vendor without increasing total costs is $513,300.
c. If GECU outsources the Maintenance Department, the maximum it can pay an outside vendor without increasing total costs is $146,300.
What is the maximum amount to pay an outside vendor without increasing total costs?The maximum amount that a company can pay an outside vendor without increasing total costs is equal to the avoidable costs (variable and fixed).
The unavoidable fixed costs cannot be outsourced; therefore, it is irrelevant in decision-making.
Data and Calculations:Supplying Department Using Department
Processing Administration Maintenance Branches Electronic
Processing 0 50 % 0 10 % 40 %
Administration 0 0 0 60 % 40 %
Maintenance 10 % 20 % 0 20 % 50 %
Direct cost $86,000 $550,000 $321,000 $4,600,000 $2,300,000
Cost Structures:Processing Administration Maintenance Branches Electronic
Variable
costs $65,000 $157,000 $131,000 $1,550,000 $1,450,000
Fixed costs 21,000 393,000 190,000 3,050,000 850,000
Total costs $86,000 $550,000 $321,000 $4,600,000 $2,300,000
Avoidable
fixed costs $ 6,000 $ 279,000 $ 78,000 $ 650,000 $ 690,000
Avoidable
costs $71,000 $436,000 $209,000 $2,200,000 $2,140,000
Processing
cost (35,500) 35,500
Maintenance 20,900 41,800 (62,700)
Amount to pay an outside
vendor $56,400 $513,300 $146,300
Thus, Great Eastern Credit Union cannot outsource the unavoidable fixed costs of its service departments.
Learn more about avoidable and unavoidable costs at https://brainly.com/question/6480477
#SPJ1
This company has information about businesses and complaints that have been filed against them. It would be a good idea to check here before making large purchases.
reward programs
comparison shopping
better business bureau
principal
The fact that they will check hbefore making large purchases. is B. comparison shopping.
What is comparison shopping?It should be noted that comparison shopping simply means choosing among the available suppliers to determine the best one.
In this case, the company is using the information to choose the best option.
Learn more about shopping on:
brainly.com/question/10310281
#SPJ1
Use the following chart to explain how the loan repayment period affects the total cost of the loan.
Loan Repayment Period
Principal
Interest Rate
Loan 1
$5,000
6.47 percent
$98
Monthly Payment
Loan Repayment Period 5 years
Total cost of the loan $5,866
Loan 2
$5,000
6.47 percent
$57
10 years
$6,804
Loan 1 and Loan 2 have the same principal and interest rate but different monthly payments and total loan costs, therefore, the loan repayment periods would be different.
What is the loan repayment period?The loan repayment period refers to the time it takes to repay a loan.
When the amount being repaid is smaller, the loan repayment period tends to be longer, and vice versa.
Data and Calculations:
Loan Repayment Principal Interest Rate Monthly Total cost
Period Payment of the loan
Loan 1 5 years $5,000 6.47 percent $98 $5,866
Loan 2 10 years $5,000 6.47 percent $57 $6,804
Thus, the loan repayment periods are affected by the monthly payments and total costs to reflect the loan terms.
Learn more about loan repayments at https://brainly.com/question/25599836
#SPJ1