Chris manages Cookie Monster's a commercial bakery that operates 12 hours per day 260 days per year. He needs to meet a daily demand of 22,000 cookies per day. He is currently implementing lean techniques in the kitchen. Chris intends to use "work-in-process" shelves as a kanban signal in the kitchen area. Each shelf can hold one cookie tray.
Since the standard industrial cookie tray holds 10 dozen cookies, he assumes a "kanban container size" of 120 units. Chris performed a time study on the cookie packaging workstation and discovered the following: average wait time is 3 minutes - average handling time is 2 miutes average processing time is 4 minutes. In addition, management has established a safety stock policy of 120 seconds.
To calculate the demand rate per minute for cookies, we first need to find the total demand for 260 days as follows; Total demand = 22,000 cookies/day × 260 days= 5,720,000 cookies. Then we divide the total demand for the 260 days by the total number of minutes as follows; Total minutes = 12 hours/day × 60 minutes/hour × 260 days= 187,200 minutes.
Therefore, the demand rate per minute for cookies = Total demand/Total minutes= 5,720,000 cookies/ 187,200 minutes= 30.53 cookies/minute≈ 30.5 cookies/minute (rounded to one decimal place).
To calculate the number of kanban shelves Chris should place in front of the packaging workstation, we use the following formula; Number of kanban shelves = (Demand during lead time + Safety stock)/Kanban container size.
The lead time in this case is the sum of the average wait time, handling time, and processing time as follows; Lead time = Average wait time + Average handling time + Average processing time= 3 minutes + 2 minutes + 4 minutes= 9 minutes.
Then we calculate the demand during lead time as follows; Demand during lead time = Demand rate per minute × Lead time= 30.53 cookies/minute × 9 minutes= 274.77 cookies. We round this up to the next whole number, which is 275 cookies. The safety stock policy is given as 120 seconds which is equivalent to 2 minutes.
Therefore; Number of kanban shelves = (Demand during lead time + Safety stock)/Kanban container size= (275 + 120)/120= 3.13We round this up to the next whole number to get 4 kanban shelves.
Hence, Chris should place four kanban shelves in front of the packaging workstation.
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Riley Surf Boards is expanding so they are considering building a new factory. John Smith, the company’s marketing manager, fully supports building the new factory. Mary Reynolds, the company’s chief financial officer, is not so sure that building a new factory is a good idea. Currently, the company purchases its surf boards from various foreign manufacturers. The following figures were estimated regarding the construction of the new factory.
Cost of factory $4,000,000
Annual cash inflows 4,000,000
Annual cash outflows 3,540,000
Estimated useful life 15 years
Salvage value $2,000,000
Discount rate 11%
John Smith believes that these figures understate the potential value of building the new factory. He suggests that by manufacturing its own skateboards the company will benefit from a "buy American" patriotism that he believes is common among surfers. He also states that the company has had many quality problems with the surf boards that have been manufactured by the foreign manufacturers. He has suggested that the poor quality has resulted in declining sales, increased warranty claims, and even some lawsuits. Overall, he believes sales will increase by $200,000 more than projected above, and that the savings in warranty and legal costs will be around $60,000 per year. He also adds that the project is not as risky as assumed above, and that a 9% discount rate is more reasonable. (Hint: Use a PV Table for Annuity)
1. Compute the net present value of the project based on the original projections. Explain how you computed it.
2. Comment on your findings. Should the company build a new factory? Why or why not?
Compute the net present value of the project based on the original projections The net present value of the project based on the original projections is explained below: To compute net present value (NPV), we can use the formula: Initial Investment.
We have the following cash flows: CF0 = -$4,000,000 (initial investment) Thus, we can plug in the figures in the formula as Thus, the NPV based on the original projections is $1,518,665.20.2. Comment on your findings.
Should the company build a new factory Why or why not?As the NPV of the project is positive, it shows that the project will be profitable and will generate a return higher than the required rate of return. Therefore, the company should build a new factory based on the original projections.
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points On Dec 31, 2020, ABC Corp issued 4-year, 7% bonds with $3,000,000 as par value. ABC Corp. received $3,300,000 in cash. The bond interest is paid semiannually on June 30 and December 31 every ye
On December 31, 2020, ABC Corp issued 4-year, 7% bonds with a par value of $3,000,000 and received $3,300,000 in cash
On December 31, 2020, ABC Corp issued 4-year, 7% bonds with a par value of $3,000,000. The company received $3,300,000 in cash from the bond issuance. These bonds have a stated interest rate of 7%, which means the bondholders will receive annual interest payments equal to 7% of the par value.
The bond interest is paid semiannually, specifically on June 30 and December 31 each year. This means that bondholders will receive two interest payments per year. The interest payments will be calculated based on the bond's par value and the stated interest rate.
To record the issuance of the bonds, ABC Corp would make the following journal entry:
Debit: Cash $3,300,000
Credit: Bonds Payable $3,000,000
Credit: Premium on Bonds Payable $300,000
In this entry, the company debits cash for the amount received, $3,300,000. This reflects the increase in cash assets resulting from the bond issuance.
On the credit side, ABC Corp credits the Bonds Payable account for the par value of the bonds, which is $3,000,000. This represents the liability created by issuing the bonds.
Additionally, the company credits the Premium on Bonds Payable account for the difference between the cash received and the par value, which is $300,000. This premium represents the excess amount received over the face value of the bonds and is recorded as a liability.
The semiannual interest payments would be recorded separately on June 30 and December 31 each year, reflecting the interest expense incurred by the company and the corresponding decrease in the Premium on Bonds Payable account.
It's important to note that the specific accounts used and any subsequent journal entries may vary based on the company's accounting policies and reporting requirements.
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organizations design their pay structures around jobs and job levels.T/F
True. Organizations typically design their pay structures based on job roles and job levels.
This involves categorizing different jobs within the organization into levels or grades based on factors such as skills, responsibilities, and required qualifications. Each job level is then associated with a specific pay range or salary band. This approach helps organizations establish a systematic and consistent framework for determining compensation. It ensures that employees in similar roles or levels are compensated fairly and enables organizations to attract, retain, and motivate employees effectively. Additionally, job levels and pay structures also provide a basis for career progression and opportunities for advancement within the organization.
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Q1d and Q1e) You can assume that Sheryl receives the first payment on the last day of her 67th year and the final payment on the last day of her 85th year. This means she receives payments at the end of her 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, and 85 years. This is a total of 19 years that she will receive payments under Plan D (you can use the same concept to calculate the answers for Q 1a, Q 1b, and Q 1c). Under Plan D, for the first 3 years she will receive annual payments of $12,000 and for the next 16 years she will receive annual payments of $29,760.
Q 2d) Plan D: To make the computation easier you may use the following hint:
Assume that Sheryl will receive annual payments of $29,760 for all of the 19 years i.e. A = $29,760 for all 19 years.
To adjust for the extra payment (i.e. 29,760 - 12,000) she receives in the first 3 years, assume that Sheryl pays back $17,760 at the end of years 1, 2 and 3 respectively.
For the annual income convert $29,760 into FW using (F/A, 6%, 19).
For the amount paid back at the end of year 1 convert $17,760 into FW using (F/P,6%,18) as the gap between this time (i.e end of first year) and the end of time horizon (i.e. end of 19th year) is 18 (i.e. = 19 - 1).
For the amount paid back at the end of year 2 convert $17,760 into FW using (F/P,6%,17) as the gap between this time (i.e end of second year) and the end of time horizon (i.e. end of 19th year) is 17 (i.e. = 19 - 2).
And so on for the amount paid back at the end of year 3.
Q1d: Sheryl will receive a total of $561,840 over the 19 years under Plan D.
Q1e: The present value of the payments Sheryl will receive under Plan D is approximately $352,845.91.
To find the present value of the payments Sheryl will receive under Plan D, we need to discount each payment to its present value and then sum them up.
1. First, let's calculate the present value of the annual income of $29,760 for 19 years. We use the present value of an annuity formula (A/P) with the given interest rate of 6% and the number of years as 19:
Present value factor (A/P, 6%, 19) = 1 - (1 + [tex]0.06)^{(-19)[/tex] / 0.06 = 1 - [tex](1.06)^{(-19)[/tex]/ 0.06 = 11.11869995
Present value of the annual income = $29,760 x 11.11869995 = $331,900.20
2. Next, we calculate the present value of the payments Sheryl pays back at the end of each year (i.e., $17,760). We need to discount each payment using the present value of a single sum formula (F/P) with the interest rate of 6% and the respective number of years remaining until the end of the 19-year period:
Present value factor (F/P, 6%, n) = 1 / (1 + 0[tex].06)^n[/tex]
Present value of the payment at the end of year 1 = $17,760 x (1 / (1 + 0.0[tex]6)^{18[/tex]) = $17,760 x 0.533690295 = $9,494.62
Present value of the payment at the end of year 2 = $17,760 x (1 / (1 + 0.0[tex]6)^{17[/tex]) = $17,760 x 0.565036832 = $10,027.35
Present value of the payment at the end of year 3 = $17,760 x (1 / (1 + 0.0[tex]6)^{16[/tex]) = $17,760 x 0.598811817 = $10,628.94
3. Finally, we sum up the present values of the annual income and the payments made by Sheryl:
Total present value = $331,900.20 + $9,494.62 + $10,027.35 + $10,628.94 = $352,845.91
Therefore, the present value of the payments Sheryl will receive under Plan D is approximately $352,845.91.
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Derivatives Project
Your role is a CFA-investment adviser. Your client has
$5,000,000 as follows:
Retirement $2.5M, 80% equity, 20% fixed income
Non retirement $2.5M, asset allocation to be determined
To determine the asset allocation for the non-retirement funds, a thorough analysis of the client's risk profile, investment objectives, and market conditions is necessary.
In order to determine the asset allocation for the non-retirement funds, it is important to consider several factors. Firstly, the client's risk profile needs to be assessed. This involves evaluating their risk tolerance, time horizon, and financial goals. A client with a higher risk tolerance may be more willing to invest a larger portion of their non-retirement funds in equities, which have historically provided higher returns but also come with higher volatility. On the other hand, a client with a lower risk tolerance may prefer a larger allocation to fixed income securities, which offer more stability but lower potential returns.
Secondly, the investment objectives of the client should be taken into account. Are they seeking growth, income, or a combination of both? This will help determine the appropriate asset classes and investment strategies to pursue.
Lastly, market conditions play a crucial role in asset allocation decisions. An analysis of the current economic landscape, interest rates, inflation expectations, and valuation levels can guide the allocation of non-retirement funds. For example, if the market is experiencing high valuations and there are concerns of a potential downturn, a more conservative allocation with a higher fixed income component may be suitable.
Overall, determining the asset allocation for the non-retirement funds requires a comprehensive assessment of the client's risk profile, investment objectives, and market conditions. By considering these factors, a well-balanced and tailored portfolio can be constructed to meet the client's financial goals.
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Answer the following short questions
1 : Describe
Shareholder Activism.
2:
Describe
Leveraged Buyouts (LBOs), providing an example not in the
textbook.
Define and describe SPACs.
Shareholder activism is the influence of shareholders have on corporation that affects corporation's behavior when exercising their rights as partial owners. Shareholder activism indicates rights of Shareholder as partial owners
LBO is the acronym for leveraged buyout, this is the process where by a company purchase or acquire another company using money from outside sources that is money that is not from the revenue or earnings generated example of such money are loans (in which the corporate asset is used as a collateral) and bonds
SPAC is the acronym for special purpose acquisition company is a process of capitalization which is formed in other to raise money following the process of IPO that is when a public company sells its shares to the public by selling its shares, the public company merges with a private company.
What is a leveraged buyout example?A typical example of an LBO is when a private equity firm that is firms that are listed on stock exchange choose acquires a particular company using a of its own funds company shares and debt financing( taking loans)
All these mention and explained above are source of funding for private firms
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Two unaffiliated corporations intend to merge. The merger plan must be approved by a. their shareholders only. b. their shareholders only. c. neither their boards of directors nor their shareholders. d. their boards of directors and their shareholders.
Two unaffiliated corporations intend to merge. The merger plan must be approved by their boards of directors and their shareholders.
When two unrelated corporations intend to merge, it is necessary for the merger plan to be approved by their respective boards of directors and shareholders. The shareholders and boards of directors of both companies must approve the merger before it can proceed. It is important to keep in mind that only the shareholders of each company can vote on whether or not to approve the merger plan. Once the merger plan has been approved by both companies, the two companies will merge into a single entity.
The new entity will then be responsible for the assets, liabilities, and operations of both companies. The merger will have an impact on the shareholders of both companies, as they will become shareholders in the new entity. The shareholders of both companies will also receive shares in the new company as part of the merger.
In conclusion, when two unaffiliated corporations intend to merge, the merger plan must be approved by their boards of directors and their shareholders. Only the shareholders of each company can vote on whether or not to approve the merger plan.
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3 10 points Book Aut 0 References Problem 18-18 Stock dividend and its effect [LO18-4] Ace Products sells marked playing cards to blackjack dealers. It has not paid a dividend in many years, but is cu
Stock dividends and their effect on the retained earnings of Ace Products, a company that sells marked playing cards to blackjack dealers, hasn't paid any dividends in many years but is currently considering a dividend payment to its shareholders.
The effect of stock dividends on a company's balance sheet is to transfer a portion of retained earnings to paid-in capital. In financial statements, retained earnings are subtracted from total stockholders' equity, which is then listed as an item on the balance sheet. The effect on retained earnings is typically negative; however, the effect on total stockholders' equity is typically positive.
The company will issue stock dividends to its shareholders. The effect of stock dividends on total stockholders' equity and the number of outstanding shares are as follows:Total Stockholders Equity: Stock dividends will not affect total stockholders' equity. It will remain the same.Number of Outstanding Shares: Stock dividends will increase the number of outstanding shares. The stock dividends will not have an impact on the company's products in the market.
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Assume you are the Director of Marketing for Majjus Enterprise, a firm that produces a new product called African Solar. Your company sells to two distinct geographical markets-East Legon and Nima. Majjus Enterprise is described as a monopolist and has the possibility of discriminating between its East Legon and Nima Markets. In order to derive the maximum profit from the production process, you engaged the services of an Econometrician, who estimated the demand functions for both East Legon and Nima markets to be:
Q₁ = 24-0.2P₁ East Legon Market
Q₂ = 10-0.05P₂ Nima Market
Where Q, and Q₂ are the respective quantities of African Solar demanded in the East Legon and Nima markets and P, and P2 are their respective prices (in GH¢). If the Total Cost (TC) of Majjus Enterprise for producing African Solar for these two markets is given as TC = 35 + 400, where Q = Q1 + Q₂.
i. What profit will Majjus Enterprise make with and without price discrimination?
ii. What business advice will you give in respect of practicing price discrimination or selling a uniform price?
iii. If price discrimination is the option to implement within the context of elasticity of demand, what pricing policy should be implemented in each market to raise total revenue?
Majjus Enterprise, a company that produces a new product known as African Solar, is being directed by you as the Director of Marketing. The company caters to two distinct geographical markets, East Legon and Nima. The following are the demand functions estimated by an Econometrician for both East Legon and Nima markets:Q1 = 24-0.2P1 for the East Legon MarketQ2 = 10-0.05P2 for the Nima Market Where Q, and Q2 are the respective quantities of African Solar demanded in the East Legon and Nima markets, and P, and P2 are their respective prices (in GH¢).
If the Total Cost (TC) of Majjus Enterprise for producing African Solar for these two markets is given as TC = 35 + 400, where Q = Q1 + Q2. (i) With and without price discrimination, what profit will Majjus Enterprise make?The Total Revenue (TR) for East Legon Market and Nima Market can be determined as follows:East Legon MarketTR1 = P1Q1 = (P1)(24-0.2P1) = 24P1 - 0.2P1^2Nima MarketTR2 = P2Q2 = (P2)(10-0.05P2) = 10P2 - 0.05P2^2The Marginal Revenue (MR) for both markets can be calculated as follows:MR1 = dTR1/dQ1 = 24 - 0.4P1MR2 = dTR2/dQ2 = 10 - 0.1P2The first order conditions for profit maximization are:P1: MR1 = MC, 24 - 0.4P1 = d(TC)/dQ1Nima MarketP2: MR2 = MC, 10 - 0.1P2 = d(TC)/dQ2
Solving for the price and quantity for both markets will give:East Legon MarketP1 = 46Q1 = 110Nima MarketP2 = 41.67Q2 = 83.33With price discrimination, the total revenue and the total cost will be the sum of the revenues and costs of both markets, respectively.TR1 + TR2 = (P1)(24-0.2P1) + (P2)(10-0.05P2)TC1 + TC2 = 35 + 400Profit with price discrimination = (TR1 + TR2) - (TC1 + TC2) = GH¢ 2,325.56Without price discrimination, the profit can be calculated as:Total Quantity = Q1 + Q2 = 193.33Total Revenue, TR = P(Q) = P1Q1 + P2Q2 = 939.67Total Cost, TC = 35 + 400 = 435Profit without price discrimination = TR - TC = GH¢ 504.67(ii) What business advice will you give in respect of practicing price discrimination or selling a uniform price?The firm should go ahead with the price discrimination strategy since the total profit is greater when compared to the profits without price discrimination. Even though the prices will differ in both markets, the quantity demanded will adjust accordingly. It also shows that the firm has the ability to segment the market and extract consumer surplus from both segments. There is no reason to sell a uniform price if they can segment their market and make a higher profit.(iii) If price discrimination is the option to implement within the context of elasticity of demand, what pricing policy should be implemented in each market to raise total revenue?When implementing price discrimination, the firm should set prices according to the elasticity of demand. The pricing policy in East Legon should be higher than in Nima since the demand in East Legon is more inelastic (higher willingness to pay) compared to Nima (lower willingness to pay). To maximize total revenue, the firm should adjust their prices accordingly.
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With reference to the Book Operations& Supply Chain Management for MBA 7th Edition by Jack R. Meredith, write a one-page reflection paper, addressing the following questions:
- Many firms foreign to the United States have successfully captured large U.S. market shares in the industries of steel, cars, cameras, and TVs. These are all products as opposed to services. How are U.S. services more protected from foreign competition?
- Choose a service where foreign competition IS succeeding and present two reasons why, with supporting arguments.
While U.S. services have traditionally remained more protected from foreign competition compared to product-based industries, certain factors contribute to this protection.
Reflection Paper: Foreign Competition and U.S. Services
In the realm of global business, the United States has witnessed various firms from foreign countries successfully capturing significant market shares in product-based industries such as steel, cars, cameras, and TVs. However, the U.S. services sector has remained relatively protected from foreign competition. This reflection paper aims to explore the reasons behind the increased protection of U.S. services from foreign competition, while also highlighting a service sector where foreign competition has indeed succeeded.
To begin with, U.S. services enjoy greater protection from foreign competition due to certain inherent characteristics. Unlike tangible products, services often require a physical presence or local knowledge to effectively deliver value. This "service proximity" creates barriers for foreign competitors, as establishing a local presence and developing an understanding of the specific cultural nuances and customer preferences can be challenging and time-consuming. This is particularly true for services that are deeply rooted in local customs and regulations, such as legal services, healthcare, and hospitality. Thus, the U.S. services sector benefits from the difficulty foreign competitors face in replicating the localized expertise and personalized customer experiences that are crucial in service delivery.
Moreover, the protection of U.S. services can also be attributed to regulatory measures and government policies. In many instances, governments enact regulations and policies to safeguard their domestic service sectors. These regulations often involve licensing requirements, certifications, and professional standards that foreign service providers must fulfill to operate within the country. These measures are designed to ensure quality control, consumer protection, and compliance with local laws and regulations. By implementing such regulations, the U.S. government creates a higher entry barrier for foreign service providers, limiting their ability to compete effectively in the domestic market. Consequently, the U.S. services sector remains relatively shielded from foreign competition due to these regulatory and policy frameworks.
However, there are certain service sectors where foreign competition has succeeded in the United States. One such sector is the information technology (IT) services industry. Two reasons can be attributed to the success of foreign competition in this sector. Firstly, the IT services industry relies heavily on technological expertise, which is often not confined to national boundaries. Foreign IT service providers, particularly those from countries with a strong emphasis on technological education and skilled labor, possess a competitive advantage in terms of talent pool and cost-effectiveness. These factors enable them to provide high-quality IT services at a lower cost, appealing to U.S. businesses seeking to optimize their IT infrastructure.
Secondly, the IT services industry is characterized by the ability to deliver services remotely. With advancements in communication technologies and the rise of the internet, foreign IT service providers can effectively collaborate and provide services to U.S. clients from their home countries. This remote delivery model eliminates the need for physical presence and reduces the service proximity barrier that often protects domestic service sectors. Consequently, foreign IT service providers can offer competitive services to U.S. businesses while overcoming some of the challenges faced by foreign competitors in other service sectors.
In conclusion, while U.S. services have traditionally remained more protected from foreign competition compared to product-based industries, certain factors contribute to this protection. The service proximity barrier and regulatory measures play significant roles in safeguarding domestic service sectors. Nonetheless, the success of foreign competition can be witnessed in service sectors like IT services, where technological expertise and remote service delivery models provide a competitive edge. As the global business landscape continues to evolve, understanding the nuances of foreign competition in different service sectors becomes crucial for businesses and policymakers alike.
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we discussed in class some historical trends regarding the u.s. agricultural sector and the u.s. food and fiber industry. we saw, for example, that most farms in the u.s. are composed of small family farms, but most production is concentrated in large family farms and non-family farms. a) what are the two ways to measure the performance of a farm or a food and beverage manufacturing plant that we discussed in class?
The two ways to measure the performance of a farm or a food and beverage manufacturing plant discussed in class are: (1) financial performance measures and (2) physical performance measures.
Financial performance measures: These measures assess the financial aspects of a farm or a food and beverage manufacturing plant. They include metrics such as net income, return on investment (ROI), profit margin, and cash flow. Financial performance measures provide insights into the profitability, efficiency, and overall financial health of the operation. They help determine the ability of the farm or plant to generate income and manage expenses effectively.
Physical performance measures: These measures focus on the physical outputs or inputs of a farm or a food and beverage manufacturing plant. They include metrics such as yield per acre, production volume, labor productivity, and input usage. Physical performance measures help evaluate the efficiency and productivity of the operation in terms of output quantity or quality per unit of input. These measures are particularly relevant in agricultural contexts, where factors such as crop yield or livestock productivity play a significant role in assessing performance.
By considering both financial and physical performance measures, stakeholders can gain a comprehensive understanding of the operational and economic performance of farms and food and beverage manufacturing plants.
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A tank truck just delivered 20,000 pounds of 190.0 proof grape spirits. How many proof gallons is 20,000 lbs. at 190.0 proof?
20,000 pounds of 190.0 proof grape spirits is equivalent to 38,000 proof gallons.
"How many proof gallons in 20,000 lbs of 190.0 proof grape spirits?"
To calculate the proof gallons for a given weight of spirits at a specific proof, you can use the following formula:
Proof Gallons = (Weight in pounds) x (Proof) / (Proof Constant)
In this case, the weight is 20,000 pounds, and the proof is 190.0. The Proof Constant for calculating proof gallons is 100.
Proof Gallons = (20,000 lbs) x (190.0 proof) / (100 proof constant)
Let's calculate it:
Proof Gallons = (20,000) x (190.0) / (100)
Proof Gallons = 3,800,000 / 100
Proof Gallons = 38,000
Therefore, 20,000 pounds of 190.0 proof grape spirits is equivalent to 38,000 proof gallons.
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please explain how an increase in the price of crude oil can affect
the Canadian economy.
An increase in the price of crude oil can affect the Canadian economy because it is world's largest producers.
Crude oil is the largest single source of foreign money for Canada and one of the world's largest producers and exporters of oil. As a result, a rise in the price of crude oil may raise Canadian economy foreign exchange earnings, which may increase the amount of US dollars coming into the country.
The Canadian dollar's value in relation to the US dollar may rise as a result of this.
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Complete the history portion of the Elm Co. SOP spreadsheet Inventory is valued at $700 per unit. The actual inventory at the end of September was 150 units A B D E F 1 2 3 4 5 Sales 6 Plan (in units) 7 Actual (in units) Difference month 9 Difference cumulative 10 11 Operations 12 Plan (in units) 13 (in employees) 14 Number working days/mo. 15 Actual (in units) 16 Diff. month 17 diff. cumulative 18 19 Inventory 20 Plan (in units) 21 (in 1,000 $) 22 Actual (in units) 23 Days of supply History November Future January October December 800 826 26 26 850 851 1 27 900 949 49 900 800 6 23 798 800 8 19 802 800 8 19 800 19 122 73 -76
Therefore,the difference month was 49, and the difference cumulative was 76.The actual inventory at the end of September was 150 units.
To complete the history portion of the Elm Co. SOP spreadsheet, the following are required:Sales Plan (in units)Actual (in units)Difference month Difference cumulative Inventory Plan (in units)Plan (in 1,000 $)Actual (in units)Days of supply November 800 826 26 26 850 851 1 27 900 949 49 900 800 6 23 798 800 8 19 802 800 8 19 800 19 122 73 -76So, the above data can be used to complete the history portion of the Elm Co. SOP spreadsheet. It shows the inventory is valued at $700 per unit. The actual inventory at the end of September was 150 units.Sales:In November, sales were 800, and the plan was 826. Therefore, the difference month was 26, and the difference cumulative was 26.In December, sales were 850, and the plan was 851. Therefore, the difference month was 1, and the difference cumulative was 27.In January, sales were 900, and the plan was 949. Therefore, the difference month was 49, and the difference cumulative was 76.Operations:In November, the plan for operation was 800 units, and the actual units produced were 798. Therefore, the difference month was 6, and the difference cumulative was 6.Inventory:In November, the plan for inventory was 800 units, and the actual inventory was 826 units. Therefore, the difference month was 26, and the difference cumulative was 26.In December, the plan for inventory was 850 units, and the actual inventory was 851 units. Therefore, the difference month was 1, and the difference cumulative was 27.In January, the plan for inventory was 900 units, and the actual inventory was 949 units. Therefore, the difference month was 49, and the difference cumulative was 76.The actual inventory at the end of September was 150 units.
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A mass of consumers is uniformly distributed along the interval [0, 1]. Two firms, A and B, are located at points 0 and 1 respectively. We denote by p, the price of firm i E A, B. A consumer located at point x = [0, 1] obtains utility UA(z)=u-PA-ta² if he consumes from firm A, and UB(x)=u-PB-t(1-2)² if he consumes from firm B. In the following, we assume that the gross utility u is sufficiently high, so that the market will be covered and all consumers will get positive utility in equilibrium. Both firms have a cost function equal to Ti(q) = (1+X)qi, where you should substitute X for the last number of your student ID number. (a) Find the demand function for both firms. (b) Assume firms set their prices simultaneously. Solve for the Nash equilibrium prices, and compute the equilibrium profits.
(a) The demand function for both firms is qA = 1 - p - ta and qB = p - t(1-2) where the gross utility u is sufficiently high, so that the market will be covered and all consumers will get positive utility in equilibrium. Given that the firms A and B have cost function Ti(q) = (1+X)qi.
(b) If firms set their prices simultaneously, the Nash equilibrium prices can be solved as pA= 1/3 + (t/3)X and pB= 2/3 + (t/3)X. The equilibrium profits of A and B will be πA = πB = (1/27) (4-3t)^3 - (1+X)(4-3t)^2/27.The demand function for both firms is a function of their price and the parameter t. Given the price of the product, a consumer located at a given point x = [0, 1] will choose the firm that maximizes his utility. The utility is defined as the difference between the gross utility and the price of the product. The gross utility is assumed to be sufficiently high to ensure that the market will be covered, and all consumers will get positive utility in equilibrium.
The cost function of the firms is given by Ti(q) = (1+X) qi. The demand function for both firms can be obtained by substituting the price into the demand function equation. The profit function for the firms can be obtained by substituting the demand function into the revenue equation and then subtracting the cost equation. The Nash equilibrium prices can be obtained by finding the prices that maximize the profits of the firms simultaneously. The equilibrium profits can be obtained by substituting the Nash equilibrium prices into the profit function.
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List and discuss in detail the various steps in the selection process. Instructions: • Write 500 words (topic content excluding reference; at least). You can write more than 500 words. • Organize
The selection process is critical in recruiting the best candidate for a job position. The process involves job analysis, sourcing, screening, testing, interviewing, background checks, and the final decision.
The selection process is a crucial part of the recruitment process that requires significant attention to detail and systematic approach. This process is designed to identify the best candidate for a job position, and the steps involved in this process are as follows:
Step 1: Job AnalysisThis is the first step in the selection process, and it involves defining the job position's responsibilities, qualifications, and other requirements. The job analysis provides an understanding of the position's necessary skills, competencies, and knowledge.
Step 2: SourcingThis step involves attracting and encouraging candidates to apply for the job position. This can be done through job postings, employee referrals, and external recruitment agencies.
Step 3: ScreeningApplications are screened to select the most suitable candidates for further evaluation. The process includes reviewing resumes, cover letters, and online applications to determine if the candidate has met the job requirements.
Step 4: TestingOnce the applicants are screened, tests such as cognitive, aptitude, and personality tests are conducted to determine the candidate's suitability for the position.
Step 5: InterviewingCandidates who pass the tests are invited for an interview. There are various types of interviews, such as one-to-one interviews, panel interviews, and behavioral interviews, and they are conducted to assess the candidate's personality, communication skills, and knowledge.
Step 6: Background CheckAfter the interview, a background check is done to verify the candidate's information such as employment history, educational qualifications, and criminal history.
Step 7: Final DecisionAfter conducting the selection process, the recruiter makes a final decision on the candidate that is best suited for the job position. The recruiter considers various factors, such as the candidate's skills, qualifications, experience, and interview performance, when making this decision.
In conclusion, the selection process is critical in recruiting the best candidate for a job position. The process involves job analysis, sourcing, screening, testing, interviewing, background checks, and the final decision. A systematic approach to the selection process ensures that the most qualified candidate is selected for the job position.
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Suppose that Tesla hears about VW's plans for entering the electric vehicle market. This allows Tesla to commit in advance to a level of production (Stackelberg leader). If VW decides to enter the market as a follower, what quantity can it expect to sell? At what price?
The price at which VW can sell its vehicles will also be influenced by Tesla's production decision. If Tesla has a dominant market position, it may have the ability to set prices higher, making it challenging for VW to compete on price alone. However, VW can adjust its price strategy to attract customers and differentiate its offerings.
As a Stackelberg leader, Tesla has the advantage of being able to commit to a level of production before VW enters the market as a follower. This allows Tesla to determine its production quantity, which will influence the quantity VW can expect to sell and the price at which it can sell.
In the Stackelberg model, the leader (Tesla) determines its production quantity first, and then the follower (VW) chooses its quantity based on the leader's decision. The leader's choice affects the follower's market opportunities.
Since Tesla has committed to a level of production in advance, VW's quantity sold will depend on the demand and market conditions. If Tesla's production level is high, it may limit the market space available for VW to sell its electric vehicles.
The price at which VW can sell its vehicles will also be influenced by Tesla's production decision. If Tesla has a dominant market position, it may have the ability to set prices higher, making it challenging for VW to compete on price alone. However, VW can adjust its price strategy to attract customers and differentiate its offerings.
The specific quantity VW can expect to sell and the price it can charge would require a more detailed analysis of the market conditions, consumer demand, and the competitive dynamics between Tesla and VW. Factors such as VW's brand reputation, product features, marketing efforts, and pricing strategy will play a role in determining the quantity VW can sell and the price it can achieve in the market.
It's important to note that the outcome can vary depending on various factors, and making precise predictions without detailed market analysis and data would be speculative.
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In which of the following scenarios would high-pressure selling tactics typically be most advantageous for marketers?
A) selling situations with long-time customers B) selling situations with new customers with a high likelihood of becoming repeat customers C) selling situations with a company's most highly valued customers D) one-time selling situations
E) selling situations with dissatisfied customers
High-pressure selling tactics would typically be most advantageous for marketers in:
D) One-time selling situations.
In one-time selling situations, where the goal is to make a single sale or transaction, marketers may resort to high-pressure tactics to create a sense of urgency and push customers into making a quick decision. These tactics often involve aggressive persuasion techniques, time-limited offers, and intense sales pitches aimed at closing the sale immediately.
In scenarios where there is no expectation of a long-term customer relationship or repeat business, marketers may prioritize short-term results and employ high-pressure tactics to maximize immediate sales. However, it's worth noting that high-pressure selling tactics can have negative consequences, such as damaging customer trust and reputation, and may not lead to sustainable business growth in the long run.
In contrast, in scenarios involving long-time customers, new customers with high potential for repeat business, or highly valued customers, building strong relationships, providing exceptional service, and focusing on customer satisfaction are generally more effective strategies for long-term success.
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which of the following statements regarding adoption credits is not true? multiple choice qualified expenses do not include employer reimbursements. an eligible child is one who is under age 18. the credit may be claimed regardless of the taxpayer's modified agi. qualified expenses include adoption fees, attorney fees and court costs.
The statement "The credit may be claimed regardless of the taxpayer modified AGI" is not true regarding adoption credits.
An adoption credit is a tax credit provided to taxpayers who incur qualified adoption expenses while adopting an eligible child. It helps offset some of the costs associated with the adoption process.
However, the eligibility for claiming the adoption credit is subject to certain income limitations. The modified adjusted gross income (MAGI) of the taxpayer determines whether they are eligible for the credit and the amount they can claim. The MAGI thresholds for claiming the adoption credit vary each year and depend on the taxpayer's filing status.
Therefore, the statement stating that the adoption credit may be claimed regardless of the taxpayer's modified AGI is not true. The taxpayer's modified AGI plays a crucial role in determining their eligibility and the amount of the adoption credit they can claim. Taxpayers with a MAGI above the specified threshold may not qualify for the credit or may be eligible for a reduced credit amount.
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Can you use the External Financing Need formula to calculate Znap Inc.'s EFN without producing its proforma statements? Why or why not?
The External Financing Need (EFN) formula normally takes into account several financial measures and their connections to predict a company's funding requirements. It takes into account elements
The External Financing Need (EFN) formula is frequently used to calculate how much extra funding a business needs to meet its planned expansion or growth ambitions. The company's projected financial statements, also known as proforma statements, which describe the anticipated financial performance and funding needs, serve as the basis for this type of analysis.You require precise financial data, such as anticipated sales, profit margins, asset turnover, dividend policy, and other pertinent details, in order to compute the EFN using the formula. It would not be feasible to compute the EFN using the method without access to the proforma statements of Znap Inc. or the necessary financial data.
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Cost of capital Edna Recording Studios, Inc., reported earnings available to common stock of $4,600,000 last year. From those earnings, the company paid a dividend of $1.29 on each of its 1,000,000 common shares outstanding. The capital structure of the company includes 40% debt, 10% preferred stock, and 50% common stock. It is taxed at a rate of 28%. a. If the market price of the common stock is $45 and dividends are expected to grow at a rate of 8% per year for the foreseeable future, what is the company's cost of retained earnings financing? b. If underpricing and flotation costs on new shares of common stock amount to $8 per share, what is the company's cost of new common stock financing? c. The company can issue $2.14 dividend preferred stock for a market price of $29 per share. Flotation costs would amount to $2 per share. What is the cost of preferred stock financing? d. The company can issue $1,000-par-value, 8% coupon, 9-year bonds that can be sold for $1,230 each. Flotation costs would amount to $20 per bond. Use the estimation formula to figure the approximate after-tax cost of debt financing? e. What is the WACC?
a. The company's cost of retained earnings financing is 15.55%.
b. The company's cost of new common stock financing is 29.33%.
c. The company's cost of preferred stock financing is 12.84%.
d. The approximate after-tax cost of debt financing is 5.46%.
e. The WACC is 12.98%.
Earnings available to common stock: E = $4,600,000 Dividend per share: D = $1.29Shares outstanding: Ns = 1,000,000 Market price of common stock: P = $45Dividend growth rate: g = 8% First, we have to calculate the dividends per share (DPS).DPS = D / NsDPS = $1.29 / 1,000,000DPS = $0.00000129Then, we calculate the cost of retained earnings financing using the following formula:Ke = (DPS / P) + gKe = ($0.00000129 / $45) + 8%Ke = 15.55%Therefore, the company's cost of retained earnings financing is 15.55%.b. The company's cost of new common stock financing is 29.33%.
Underpricing and flotation costs per share: F = $8 Market price of common stock: P = $45Cost of retained earnings financing: Ke = 15.55%We can calculate the cost of new common stock financing using the following formula:Ks = (D1 / (P - F)) + gKs = ($1.29 x 1.08) / ($45 - $8) + 8%Ks = 29.33%Therefore, the company's cost of new common stock financing is 29.33%.c. The company's cost of preferred stock financing is 12.84%.
Market price of preferred stock: Pp = $29Dividend per share: Dp = $2.14Flotation costs per share: F = $2We can calculate the cost of preferred stock financing using the following formula:Kp = (Dp / Pp) x (1 - F)Kp = ($2.14 / $29) x (1 - $2 / $29)Kp = 12.84%Therefore, the company's cost of preferred stock financing is 12.84%.d. The approximate after-tax cost of debt financing is 5.46%.
Par value of bond: FV = $1,000Selling price of bond: PV = $1,230Coupon rate: C = 8%Flotation costs per bond: F = $20Tax rate: T = 28%We can calculate the after-tax cost of debt financing using the following formula:Kd = (C x (1 - T) x FV + (PV - F) / n) / (FV + PV)Kd = (8% x (1 - 28%) x $1,000 + ($1,230 - $20) / 9) / ($1,000 + $1,230)Kd = 5.46%Therefore, the approximate after-tax cost of debt financing is 5.46%.e. The WACC is 12.98%.
We can calculate the WACC using the following formula:WACC = (wd x Kd x (1 - T)) + (wp x Kp) + (ws x Ks)Wd = 40%, Wp = 10%, Ws = 50%Kd = 5.46%, Kp = 12.84%, Ks = 29.33%WACC = (40% x 5.46% x (1 - 28%)) + (10% x 12.84%) + (50% x 29.33%)WACC = 12.98%Therefore, the WACC is 12.98%.
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the scrum team is using the kanban board what cannot be inferred from the board
Things which cannot be inferred from the Kanban board is the exact time each task takes to complete or the specific order in which the tasks are completed.
The Kanban board is an essential tool in project management, especially when using the Agile methodology. It helps teams visualize their workflow, track progress, and manage their tasks efficiently. The Scrumban team uses the Kanban board to manage their work, which has different columns representing the various stages of the project.WhatThe Kanban board does not have a designated timeline; instead, it focuses on progress and the team's ability to move forward in the project.
In other words, the Kanban board does not show how long a task stays in a particular stage before moving to the next. It only indicates that the task has been completed and is ready to move to the next stage.The Scrumban team must consider these limitations when using the Kanban board and use additional tools and techniques to improve their workflow, such as a time-tracking system.
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The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Robert Klassan's print shop: Demand Low High Decision Alternative 1 $8,000 $
The maximum EMV is $14000, and the decision alternative that should be selected based on this criterion is Decision Alternative 2, which yields the highest EMV of $14000.
The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Robert Klassan's print shop: Demand Low High Decision Alternative 1 $8,000 $14,000 Decision Alternative 2 $10,000 $20,000 Decision Alternative 3 $6,000 $18,000
What is the maximum EMV and the decision alternative that should be selected based on this criterion?The expected monetary value (EMV) is a statistical calculation that represents the average value of all the possible outcomes of a decision alternative. It is calculated by multiplying each outcome by its probability of occurrence and adding up the results. The alternative with the highest EMV is the one that should be chosen.
Here, the expected monetary value (EMV) for each decision alternative is:
EMV(DA1) = (0.4 × 8000) + (0.6 × 14000) = $10000
EMV(DA2) = (0.4 × 10000) + (0.6 × 20000) = $14000
EMV(DA3) = (0.4 × 6000) + (0.6 × 18000) = $10800
Therefore, the maximum EMV is $14000, and the decision alternative that should be selected based on this criterion is Decision Alternative 2.
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suppose that you were running an engineering company. you want to assign employees to particular engineering projects, but you also want someone who knows about their functional area to supervise them. what kind of work structure would you choose?functionalmatrixvirtual networkdivisional
As an engineering company, I would consider implementing a (a) functional structure with a matrix overlay to assign employees to particular engineering projects.
This work structure would allow for functional specialists, who possess technical expertise and knowledge in specific functional areas, to supervise project teams and ensure projects are completed efficiently and effectively.
Under this structure, departments would be organized by function, such as civil engineering, mechanical engineering, or electrical engineering, while project teams would be formed across departments to complete specific projects. Project managers would oversee the project team, while functional experts would advise and supervise to ensure the team's work aligns with their functional area's standards.
Additionally, a matrix overlay would allow for a secondary chain of command to develop within project teams, with project managers providing guidance and direction on project-specific tasks, and functional managers supervising technical work and delegating tasks.
Overall, this structure allows for collaboration between functional areas and promotes efficient project completion while still maintaining a strong focus on specialized knowledge. It provides an opportunity for employees to share their expertise across projects, ultimately benefiting the company's goals.
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The City of Newport operates its own solid waste landfill and charges fees to users who dump solid waste in the landfill. When should estimated costs for closure and post-closure care be accounted for
Estimated costs for closure and post-closure care of a solid waste landfill should be accounted for in the financial statements when they are incurred or can be reasonably estimated.
When should estimated costs for closure and post-closure care be accounted forThese costs are associated with the closure of the landfill once it reaches its capacity and the ongoing care required after closure to ensure environmental protection and compliance with regulatory requirements.
In general, accounting principles dictate that costs should be recognized and recorded when they are both probable (likely to occur) and can be reasonably estimated. For closure and post-closure care costs of a landfill, estimation becomes crucial as these costs may be incurred over an extended period in the future.
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3. (Bhattacharya, Chapter 5) Fun with IRR. Suppose you have just graduated from college and are deciding on a career. Your four career options, along with your salary in each of the four earning periods, are displayed in Table 5.3. Assume that any career will only last four periods before retirement. Table 5.3: Career options and salary information for Exer cise 11 Salary Occupation Period 0 Period 1 Period 2 Period 3 Ophthalmologist 5 10 12 Accountant Starving artist Sports superstar 15 0 0 0 Assume your discount factor is ?-0.95. Interpret this assumption. Find the value of the interest rate r that corresponds to your discount factor. Assuming ? 0.95, calculate the net present value (NPV) of becoming an ophthalmologist and of becoming an accountant. Which career do you prefer? Now assume your discount factor is 6-0.6. Calculate the net present value (NPV) of becoming an ophthalmologist and of becoming an accountant. Now which career do you prefer? Explain. a. b. C. d.
Discount factor is defined as a weighting factor that is used to get a present value of future cash flows. A negative discount rate is a negative interest rate that can occur when cash flows to be received in the future are discounted at a higher rate than the prevailing rate in the market.
The value of the interest rate (r) that corresponds to a discount factor (d) is given by the following formula:
r = (1/d) - 1
Given that the discount factor is -0.95, we have:
r = (1/-0.95) - 1= 0.0526 or 5.26%
The net present value (NPV) of becoming an ophthalmologist and of becoming an accountant with a discount factor of -0.95 can be calculated as follows:
NPV of ophthalmologist's career
= 5 + 10/(1 - 0.95) + 12/(1 - 0.95)2 + 15/(1 - 0.95)3 - 5
= $21.12
NPV of accountant's career
= 15/(1 - 0.95)3 + 5 + 10/(1 - 0.95) + 12/(1 - 0.95)2 - 5
= $26.59
Comparing the two NPVs, the accountant's career has the higher NPV of $26.59 and is therefore preferred over the ophthalmologist's career. When the discount factor is 0.6, the interest rate (r) will be:
r = (1/0.6) - 1 = 0.67 or 67%
Using the interest rate of 67%, the NPV of becoming an ophthalmologist and an accountant are calculated below:
NPV of ophthalmologist's career
= 5 + 10/(1 + 0.67) + 12/(1 + 0.67)2 + 15/(1 + 0.67)3 - 5 = $-7.71
NPV of accountant's career
= 15/(1 + 0.67)3 + 5 + 10/(1 + 0.67) + 12/(1 + 0.67)2 - 5
= $14.12
Comparing the two NPVs, the accountant's career still has the higher NPV of $14.12 and is therefore preferred over the ophthalmologist's career. Hence, the accountant's career is still the preferred career option with both discount factors.
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Question 6 (10 points) 4) Listen The largest market by dollar volume. Export Market Government Market Consumer Market Institutional Market Question 7 (10 points) Listen ➤ Producer to Re-Seller to Re
The largest market by dollar volume is typically the Consumer Market. Therefore option (C) is the correct answer.
The consumer market refers to the individuals or households who purchase goods and services for personal use. It encompasses a wide range of industries, including retail, e-commerce, food and beverages, clothing, electronics, and more. The consumer market represents the highest level of economic activity and generates significant revenue due to the large number of consumers and their consumption patterns. Option (C) is correct answer.
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both the npv and IRR incorporate the same data and employ the same time value of money theory in their calculations. given this, why is the npv considered to be a superior measure when making capital budgeting decision?
While both NPV and IRR are useful tools for evaluating capital budgeting decisions, NPV is generally considered to be a superior measure. This is because NPV takes into account the size of the investment, is more accurate, flexible, and objective.
Both NPV (Net Present Value) and IRR (Internal Rate of Return) are widely used capital budgeting tools. Both incorporate the same data and use the same time value of money theory in their calculations.
However, NPV is generally considered to be a superior measure for making capital budgeting decisions. Let's see why.
Net Present Value (NPV) represents the difference between the present value of cash inflows and the present value of cash outflows. In other words, it measures the net gain or loss of a project in terms of its monetary value at a given rate of return.
If the NPV is positive, it means the project is expected to generate a profit; if the NPV is negative, it means the project is expected to generate a loss.
Internal Rate of Return (IRR) represents the rate at which the net present value of cash inflows equals the net present value of cash outflows.
In other words, it measures the rate of return that a project is expected to generate. If the IRR is greater than the required rate of return, the project is considered to be profitable.
While both NPV and IRR are useful tools for evaluating the viability of a project, there are several reasons why NPV is considered to be a superior measure:
1. NPV takes into account the size of the investment: NPV considers the total amount of cash inflows and outflows associated with a project, whereas IRR only considers the rate of return.
This means that NPV is better suited for evaluating large investments that require significant cash outlays upfront.
2. NPV is more accurate: NPV takes into account the time value of money, which means it gives more weight to cash flows that occur earlier in the project's life.
This is important because cash flows that occur further into the future are subject to more uncertainty.
3. NPV is more flexible: NPV allows for changes in the discount rate, which means it can accommodate changes in the risk profile of a project. IRR, on the other hand, is fixed and cannot be adjusted for changes in the discount rate.
4. NPV is more objective: NPV is a dollar value, which makes it easier to compare projects that have different cash flows and investment sizes.
IRR, on the other hand, is a percentage, which can be misleading when comparing projects with different cash flows and investment sizes.
In conclusion, while both NPV and IRR are useful tools for evaluating capital budgeting decisions, NPV is generally considered to be a superior measure. This is because NPV takes into account the size of the investment, is more accurate, flexible, and objective.
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Additional Algo 5-1 Demand with Mixed Products A computer shop with three processes (repair, upgrade, and checkout) has two types of customers (upgrade and repair/enhance). A computer shop has a demand of 19 upgrade customers per day and 5 repair/enhance customers per day. Upgrade customers visit the upgrade and checkout processes while repair/enhance customers visit all three processes. What is the total demand at the upgrade process each day? customers per day
The total demand at the upgrade process each day is 22 customers.
To determine the total demand at the upgrade process each day, we need to consider the different types of customers and their respective processes.According to the given information, the computer shop has two types of customers: upgrade customers and repair/enhance customers. The demand is specified as 19 upgrade customers per day and 5 repair/enhance customers per day.Upgrade customers only visit the upgrade and checkout processes. Therefore, the total demand at the upgradeb process from upgrade customers is 19 per day.Repair/enhance customers, on the other hand, visit all three processes: repair, upgrade, and checkout. However, the question specifically asks for the total demand at the upgrade process. To calculate this, we can subtract the repair and checkout processes from the total demand of repair/enhance customers.The repair/enhance customers make up 5 customers per day. Since they visit all three processes, we subtract the repair and checkout processes from this total. Therefore, the demand at the upgrade process from repair/enhance customers is 5 - 2 (repair and checkout) = 3 per day. Adding the demands from upgrade customers and repair/enhance customers at the upgrade process, we get the total demand: 19 + 3 = 22 upgrade customers per day.
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Imagine you own your own business in the United States and want to expand your reach by exporting your product to other markets. One resource the unit mentioned is the International Trade Administration website. You are going to delve into that website’s resources to help you make the decision of where to export!
Go to the International Trade Administration website and take a look at its Learn How to Export page. Click through and read the different materials the page has in its Understand the Export Process section to get a better overview of why companies might choose to export their products.
Then, in the list of links on the left of the page, select Research Foreign Markets, scroll down to the Targeted Market Research and Tools section, and select Research by Country. (Or, should you have trouble navigating the site, here is a direct link to Country Research.) On this page, you will see that the world is separated into five regions: the Western Hemisphere and Canada, Europe, the Middle East and Africa, China, and Asia.
For this assignment, you are going to contrast THREE different country reports. You can choose countries (except Germany and China) from any region in the world, any country that interests you. For each country you choose, look for the following information:
- A market overview, including a summary of challenges and opportunities
- Top three sectors for export, with detail of major items or sub-sectors to consider. (Since this is an imaginary assignment, rather than coming to this research with your product already in mind and ready to export, you will research what product would be best to export to your country of choice. An easier task!)
- How to sell US products in this market
- A recommendation on whether it is a good time (politically, economically) to export to this country
In a word processing document, write your three country reports, separating each country’s report under a clear heading. Each country should have well-developed paragraphs answering each of the four bullet-point requirements (market overview, top export sectors, how to sell US products, and recommendations on whether to export). After you have finished writing your country reports, include a reflection paragraph that highlights anything that surprised you during this research process and what new insights you gained from studying trade process from this export perspective.
The International Trade Administration website provides resources that can assist companies in deciding where to export. One resource that can aid in decision-making is country research.
For this assignment, three country reports will be contrasted, each containing a market overview, a discussion on the top three export sectors, a description of how to sell US products in the market, and a recommendation on whether it is a good time to export. The countries discussed are Australia, Japan, and South Africa.
1. Australia
Market overview: Australia's market has been described as mature, well-developed, and open to foreign competition. The nation has a highly educated and skilled workforce and a stable, diverse economy. The major challenges facing the Australian market are increasing competition, market saturation, and an aging population. Opportunities in the market include the adoption of innovative technology and the development of new products.
Top three sectors for export: Medical equipment and pharmaceuticals, renewable energy, and aerospace.
How to sell US products in this market: Establishing strong business relationships with local distributors and using digital marketing strategies to promote products are the two most effective ways to sell US products in Australia.
Recommendation: It is a good time to export to Australia due to its stable political and economic environment.
2. Japan
Market overview: Japan is a highly developed, technologically advanced, and well-regulated market that is heavily focused on trade. The main challenge facing the Japanese market is a decrease in the population. Opportunities include increased interest in high-quality products and innovative technologies.
Top three sectors for export: Renewable energy, healthcare, and telecommunications.
How to sell US products in this market: An effective strategy for selling US products in Japan is to establish a local presence, utilize digital marketing strategies, and develop strong relationships with local distributors.
Recommendation: It is a good time to export to Japan due to its stable political and economic environment.
3. South Africa
Market overview: South Africa's market is classified as a developing market and is regarded as the most diversified economy in Africa. The country's market is characterized by high levels of competition, labor unrest, and a low rate of economic growth. Opportunities include technological innovations, public-private partnerships, and the provision of goods and services.
Top three sectors for export: Renewable energy, healthcare, and transportation.
How to sell US products in this market: To sell US products in South Africa, companies need to establish partnerships with local businesses and distributors, understand the market's regulatory environment, and engage in digital marketing.
Recommendation: It is a good time to export to South Africa due to the country's potential for growth and the government's commitment to attracting foreign investment.
Reflection - During the research process, it was interesting to note that each market had a distinct set of opportunities and challenges. In addition, each market had specific requirements for selling US products, indicating that a one-size-fits-all strategy is not feasible.
By studying the trade process from an export perspective, I gained new insights into the intricacies of the global market.
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