If the order is accepted, by how much will monthly profits increase or decrease? (The order would not change the company’s total fixed costs.) Show and label all computations using words and numbers to explain the steps please (final answer should be incremental profits)

Answer:

Implementing an ERP system can provide numerous benefits for businesses, including:

Increased efficiency: An ERP system can automate many business processes, such as financial reporting, inventory management, and order fulfillment, which can reduce the need for manual data entry and increase efficiency.

Improved data accuracy: An ERP system provides a centralized database that allows businesses to access real-time data from different departments. This can improve the accuracy of data, reduce errors, and eliminate data duplication.

Enhanced decision-making: An ERP system provides businesses with access to real-time data, which can help them make more informed decisions. With a comprehensive view of their operations, businesses can identify areas for improvement and optimize their processes.

Better customer service: An ERP system can provide businesses with a 360-degree view of their customers, including their purchasing history, preferences, and needs. This can help businesses personalize their services and improve customer satisfaction.

Improved collaboration: An ERP system can provide a platform for collaboration and communication among different departments, which can improve efficiency and productivity.

Scalability: An ERP system can be scaled to meet the changing needs of a business, whether it's adding new departments, products, or locations.

Explanation:

Answer:

To value the share of AMS Ltd, we need to calculate the present value of all future dividends and the future sale price of the share. Here are the steps to calculate the value of a share in AMS:

1. Calculate the present value of the 7th-year dividend:

PV(dividend in year 7) = $1.28 / (1 + 6%)^7 = $0.84

2. Calculate the present value of the dividends from years 8 to 11:

PV(dividends in years 8-11) = $1.28 * (1 + 40%) / (1 + 6%)^8 + $1.28 * (1 + 40%)^2 / (1 + 6%)^9 + $1.28 * (1 + 40%)^3 / (1 + 6%)^10 + $1.28 * (1 + 40%)^4 / (1 + 6%)^11

PV(dividends in years 8-11) = $4.98

3. Calculate the present value of the future dividends beyond year 11:

PV(future dividends) = $1.28 * (1 + 40%)^5 * (1 + 3%) / (6% - 3%) / (1 + 6%)^11

PV(future dividends) = $17.29

4. Calculate the present value of the future sale price of the share:

PV(future sale price) = $1.28 * (1 + 40%)^5 / (6% - 3%) / (1 + 6%)^11

PV(future sale price) = $44.79

5. Add up the present values of all future cash flows to get the total value of the share:

Value of a share in AMS = $0.84 + $4.98 + $17.29 + $44.79

Value of a share in AMS = $67.90

Therefore, the value of a share in AMS today is $67.90.

Fayol's and Mintzberg's views about what managers do differ in terms of their emphasis on managerial functions and roles. Fayol focused on functions, while Mintzberg emphasized roles.

Fayol identified five primary functions of management which are planning, organizing, commanding, coordinating, and controlling because he believed that managers perform these functions regardless of their level in the organization or their specific industry.

Mintzberg emphasized roles that managers play which include interpersonal, informational and decisional roles because he believed that managers engage in a range of activities such as networking, information gathering and problem-solving depending on the situation and their level in the organization.

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The market interest rate, sometimes referred to as the equilibrium interest rate, is the interest rate at which an economy's supply and demand for capital are equal.

When all external forces (including moments) acting on an item are balanced, the object is said to be in equilibrium in a reference coordinate system. Thus, all external moments and forces acting on this object result in zero as a net effect.

In other words, it is the interest rate at which the amount of money that borrowers seek and the amount of money that lenders supply are equal. The market is in equilibrium at this rate since there is neither a scarcity nor a surplus of money. The interaction of a number of variables, such as the level of economic activity, inflation, monetary policy, and the supply and demand for credit, leads to the equilibrium interest rate.

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Julie Leung is paid $2150.00 per week in regular pay, $225.00 per hour for overtime, $2375.00 per week in gross pay, $407.10 per week in total deductions, and $1967.90 per week in net pay.

Deductions are sums taken out of a person's income, typically for tax purposes or other legally required uses, including contributions to the Canada Pension Plan (CPP) and Employment Insurance (EI). Contributions made voluntarily to retirement programmes, health insurance, or other benefits provided by an employer can also be deducted. Depending on a person's income level, the jurisdiction they reside in, and other circumstances, different deductions may be made from their income.

Julie Leung's normal pay and overtime premium pay must both be taken into account when determining her compensation:

Regular Pay:

$2150.00 for 172 regular hours at $12.50 an hour.

Overtime Premium Pay:

12 overtime hours x $12.50 per hour x 1.5 = $225.00

By combining her normal pay and overtime premium pay, we can now determine her gross compensation:

Gross Pay:

$2150.00 + $225.00 = $2375.00

The next step is to figure out her income tax, EI, and CPP deductions. We'll make use of the tables offered and proceed with claim code 1:

Tax deductions for income:

We discover that Julie's income tax deductions total $240.10 using the federal tax table.

CPP Deductions:

The CPP contribution rate for 2021 is 5.45% of the maximum qualifying earnings of $61,600. Julie's CPP deduction is computed as follows because her gross pay is less than the maximum: $2375.00 x 5.45% = $129.49

EI deductions:

EI deductions:  Due to Julie's lower than maximum gross pay, her EI deduction is computed as follows: $2375.00 x 1.58% = $37.51.

Now that we've added up her income tax, CPP, and EI deductions, we can determine her total deductions:

Total Deductions:

$240.10 + $129.49 + $37.51 = $407.10

By deducting all of Julie's deductions from her gross compensation, we can finally determine her net pay:

Net Pay:

$2375.00 - $407.10 = $1967.90

As a result, Julie Leung's gross pay is $2375.00, her total deductions are $407.10, and her net pay is $1967.90. Her regular pay is $2150.00, her overtime premium pay is $225.00, and her gross pay is $2375.00.

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Repositioning labels in a spreadsheet is possible through a few simple steps:

Select the cell that has the label needed to be shifted.

Then, lightly drag the border of the cell to your intended destination.

Alternatively, use the “Cut” feature on the keyboard via Ctrl+X or Command+X, and paste it by pressing Ctrl+V or Command+V in its new area.

Adjust the dimensions of the cell if necessary to ensure the label fits within its space snugly.

Repeat these procedures for additional labels you wish to move as needed.

By following this brief process, you can easily make arrangements for the placement of labels accurately across the spreadsheet.

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Methods of data collection refer to the various techniques used to gather information for research or analysis.

Primary data collection involves collecting data firsthand through methods such as surveys, interviews, and observation. Secondary data collection involves using existing data sources such as published reports, government statistics, and other published data.

Methods of data presentation include frequency distribution, which involves organizing data into categories and displaying the number of observations in each category.

Other methods include bar charts, pie graphs, histograms, and frequency polygons, which are used to visually represent data and show patterns and relationships within the data.

Ungrouped and grouped frequency distributions are used to organize data into intervals, and histograms are used to display the data in a bar chart-like format. Frequency polygons are similar to histograms, but lines are used to connect the tops of each bar.

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This statement means that one must invest for a long period of time in the stock market. Stocks provide investors with the greatest potential for long-term gain (capital appreciation). Investors who are willing to own equities for a lengthy period of time, say 15 years, have generally been rewarded with significant, positive returns.

The phrase stock market refers to a number of exchanges where shares of publicly traded corporations can be bought and sold. Such financial activities are carried out through regulated exchanges and over-the-counter (OTC) marketplaces that follow a set of rules.

Stock markets are essential components of a free-market economy because they provide democratized access to investor trading and capital exchange. Stock exchanges promote effective price discovery and trading.

Therefore, stock market is good place if we make a investment for a long period of time.

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According to the question statistics make the most sense for her to take to help her prepare for this career.

A career is a person's journey through learning, work and other aspects of life. It is a way of defining one's life, one's path and identity. It involves setting goals, taking risks, learning new skills, making decisions, and working hard to achieve those goals. A career is something that a person builds over time, and it is often a reflection of their interests, values and goals. It is a way of finding purpose and meaning in life. It is also a way of providing financial stability and security. Career planning involves assessing one's skills and interests, exploring available opportunities, and developing a plan to achieve one's goals. It also involves making decisions about education, training, and job searches. A successful career is built on hard work, dedication, and commitment. It is also built on self-awareness, self-reflection, and the willingness to take risks and make tough decisions.

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In a monopolistically competitive industry, firms demonstrate pricing behavior that is influenced by product differentiation and market power, allowing them to set prices above marginal cost and earn short-term profits. However, in the long run, increased competition from new entrants brings prices closer to the average total cost.

The pricing behavior of firms is best represented by price-setting based on product differentiation and market power. Firms in such industries have some degree of market power due to the uniqueness of their products, which allows them to set prices above marginal cost without losing all of their customers.

The key characteristics of monopolistic competition include:
1. A large number of firms: This ensures that each firm has a small share of the market, preventing any single firm from dominating the industry.
2. Product differentiation: Firms in this industry offer slightly different products, which allows them to differentiate themselves from their competitors and charge a premium price for their unique offerings.
3. Free entry and exit: New firms can easily enter the market, and existing firms can exit without significant barriers, ensuring a dynamic and competitive environment.

In a monopolistically competitive industry, firms set their prices based on the perceived value of their product rather than purely on cost. They can do this because their products are differentiated and consumers are willing to pay a higher price for the unique features that their products offer. This allows firms to earn a profit in the short run; however, in the long run, the entry of new firms erodes this profit as competition increases and prices are driven down to the point where they are closer to the average total cost.

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The reasons for credit card use are given below:

To increase sales and revenue: By accepting credit cards, sellers can increase their potential customer base as many customers prefer to use credit cards for their purchases. Additionally, credit card users may be more likely to make larger purchases, which can help increase a seller's revenue.

To provide convenience to customers: Accepting credit cards allows customers to make purchases quickly and easily without having to carry cash. It also provides them with the flexibility to pay off their purchases over time.

To compete with other sellers who accept credit cards: If other sellers in the same industry or market accept credit cards, a seller may feel pressured to do the same in order to remain competitive and not lose potential customers.

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The advantage of erp systems includes: Improved Efficiency, Enhanced Data Visibility, Increased Collaboration

1. Increased Efficiency: By combining all operations and divisions into a single system, an ERP system helps to expedite corporate processes.

2. Improved Data Visibility: An ERP system allows firms to monitor their operations and make data-driven choices by providing real-time access to corporate data.

3. Improved Collaboration: With an ERP system, all employees have access to the same data, which reduces communication barriers between departments.

4. Improved Customer Service: An ERP system enables organizations to give better customer service by allowing them to rapidly and accurately access consumer data.

5. Cost Savings: An ERP system can assist organizations in lowering their expenditures.

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Answer:

1. In the video, the entrepreneurs emphasized the importance of brainpower and collaboration in running their businesses. They mentioned that they encourage disagreement and different perspectives to make better decisions. They also mentioned that they have a team of managers who work together to make decisions and solve problems. I agree with their approach as I believe that diverse perspectives and collaboration can lead to better decision-making and problem-solving. Highly structured processes and procedures may be more appropriate in running a restaurant when it comes to food safety, sanitation, and customer service standards.

2. Highly structured management styles can be beneficial in some situations, such as in industries where quality control and consistency are essential. In the case of the call center example provided by the instructor, having a standardized greeting and closing may help ensure that all customers receive the same level of service. However, too much structure can also stifle creativity and innovation, which can be detrimental to a business. In the case of the Barcelona Restaurants video, the entrepreneurs seem to strike a balance between structure and flexibility by encouraging collaboration and diverse perspectives.

3. The manager in the video disagrees with the common customer service philosophy of "the customer is always right." He argues that customers are not always right and that it is important to stand up for what you believe in as a business. While I understand his point of view, I believe that customer satisfaction should be a top priority for any business. However, this does not mean that customers are always right, but rather that their concerns and feedback should be taken seriously and addressed respectfully and professionally. In the end, a business needs to find a balance between meeting customer needs and standing by its values and principles.

Comment on other student postings:

1. I agree with the first student's response that highly structured processes and procedures may be more appropriate in areas such as food safety, sanitation, and customer service standards. However, I also believe that it is important to strike a balance between structure and flexibility to foster creativity and innovation. In the case of the Barcelona Restaurants video, the entrepreneurs seem to have found a good balance by encouraging collaboration and diverse perspectives.

2. I appreciate the second student's personal experience with highly structured management styles in a call center. While structure can be beneficial in some situations, it can also stifle creativity and innovation. In the case of the Barcelona Restaurants video, the entrepreneurs seem to have found a good balance by encouraging collaboration and diverse perspectives. Businesses need to find a balance between structure and flexibility to meet their goals and values.

Answer:

B. Take the amount spent from the fund, plus the current cash in the fund, and make sure it equals the established petty cash fund. This process ensures that all expenses made from the petty cash fund are properly recorded and accounted for, and that the amount of cash in the fund matches the established amount. Any discrepancies should be investigated and reconciled.

The difference in media coverage may be due to differences in public relations efforts or marketing strategies by the teams or the quarterbacks' agents.

The fact that neither quarterback was well-known before their signing and they come from similar backgrounds suggests that their talent or performance on the field is not the main factor driving the difference in media coverage. Rather, it is likely that one team or quarterback had a more effective public relations or marketing strategy that garnered more attention from the media.

This could include things like pre-signing interviews, social media campaigns, or targeted outreach to specific media outlets. Alternatively, the discrepancy could be due to differences in the teams' market sizes or fan bases, which could affect the amount of media attention each quarterback receives.

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The total amount of office expenses allocated to the Drilling department is $43,166, option (b) is correct.

The allocation of office expenses to the Drilling department is based on the allocation bases provided in the problem, which are the number of employees and the cost of goods sold.

Salaries allocation rate = $42,000 ÷ 3,000 employees

= $14 per employee

Depreciation allocation rate = $22,000 ÷ $250,000 cost of goods sold

= 0.088 or 8.8% of the cost of goods sold

Advertising allocation rate = $45,000 ÷ $850,000 net sales

= 0.0529 or 5.29% of net sales

Using the allocation rates, the amount of office expenses allocated to the Drilling department is:

Salaries = 1,200 employees × $14 per employee

= $16,800

Depreciation = $95,000 cost of goods sold × 8.8% allocation rate

= $8,360

Advertising = $340,000 net sales × 5.29% allocation rate

= $18,006

Total amount = $16,800 + $8,360 + $18,006

= $43,166

Hence, option (b) is correct.

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The complete question is:

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to departments using different allocation bases. The following information is available for the current period.

The amount of the total office expenses that should be allocated to Drilling for the current period is:

a. $35,750

b. $43,166

c. $54,250

d. $90,000

Opportunity cost: The opportunity cost of staying in Enugu is losing her job and the opportunity cost of going back to Abuja is the risk to her safety and the need to be apart from her husband.

Cost-Benefit Analysis:

Staying in Enugu:

Going back to Abuja:

Based on the cost-benefit analysis, staying in Enugu would be more beneficial as the benefits outweigh the costs. The total costs of staying in Enugu are $9,100 (moving expenses + rent + loss of income), while the total benefits are $7,000 (value of living with husband + peace of mind).

The net benefit of staying in Enugu is $1,900. On the other hand, the total costs of going back to Abuja are $6,000 (cost of transportation), while the total benefits are $3,000 (income). The net benefit of going back to Abuja is $-3,000, indicating that this option is not financially feasible.

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If you are planning to start a restaurant business, it is best to opt for a partnership business.

Since you are starting something new, it is always better to opt for a partnership where all the members are liable for any risks or losses that may arise. Each member can contribute their own skillsets to the business which will help the restaurant flourish. It will also help to increase the capital and resources of the business as there are multiple owners who will contribute in the working of the organisation.

If you are planning to start a restaurant business, it is best to opt for a partnership business.

Since you are starting something new, it is always better to opt for a partnership where all the members are liable for any risks or losses that may arise. Each member can contribute their own skillsets to the business which will help the restaurant flourish. It will also help to increase the capital and resources of the business as there are multiple owners who will contribute in the working of the organisation.

We can say that for each sample, we would calculate the proportion of defective items (i.e. divide the number of defectives by the sample size), and plot that proportion on the P chart.

1) The control limits for the 3-sigma P chart can be calculated using the formula:

Upper control limit (UCL) = p + 3√( p(1- p)/n)

Lower control limit (LCL) = p - 3√( p(1- p)/n)

where p is the average proportion of defective items across all samples, and n is the sample size (in this case, n=200).

To find p, we first need to calculate the total number of defective items across all samples, which is: (10+15+12+9+7+11+8+13+16+10+18+6+12+14+17+9+11+8+13+16) = 212

Then, we divide this by the total number of items inspected across all samples (which is 20 x 200 = 4000) to get

p : p= 212/4000 = 0.053

Now we can substitute p and n into the UCL and LCL formulas:

UCL = 0.053 + 3√(0.053(1-0.053)/200) = 0.106

LCL = 0.053 - 3√(0.053(1-0.053)/200) = 0.000

Therefore, the control limits for the 3-sigma P chart are: UCL = 0.106

LCL = 0.0002)

The first two sample points (numerical values) in the chart would depend on which samples were taken first and second by the operator. Without that information, we cannot determine the specific values for the first two samples.

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If she parks on the street use your IOR Tutorial to find these steady state probabilities for each policy. Then evaluate the expression obtained in part (b) to find the optimal policy by exhaustive enumeration. The answer is OPION C

If P(Xn+1 = j|Xn = i) = P(X1 = j|X0 = i), i.e., the transition probabilities do not depend on time n, then the Markov chain X(t) is time-homogeneous. If so, then the probability of moving from i to j in a single step is given by pij = P(X1 = j|X0 = i), and the transition matrix is given by P = (pij).

The final value is another name for the steady state value. This steady state value is very simple to determine using the Final Value Theorem: Where y(t) is in the time domain and Y(z) is in the frequency domain, limty(t)=limz0zY(z). In this case, your transfer function would be H(z)=Y(z)X(z)=.

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Answer:

A. discrimination

Hope this helps :)

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Under an accrual accounting system, an expense is recognized when B. a good or service is used or sold.

An accrued expense is the expense that needs to be recorded as the service or good is consumed by the company but the expense is not yet paid by the company, on the other hand an Accrued Income is the income that the income is earned but it is not yet received.

These income and expenses are recorded accordingly in the accrual accounting system and when they are paid or received the double entry is made accordingly.

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The correct answer for the percentage is option B. 33%.

To calculate the depreciation charges using the straight-line method, we first need to determine the depreciable base, which is the cost of the equipment minus the salvage value. So, the depreciable base is:

Depreciable base = $25,000 - $5,000 = $20,000

Using the straight-line method, the depreciation expense for each year would be:

Depreciation expense = Depreciable base / Number of years

Depreciation expense = $20,000 / 5 = $4,000 per year

So, in year 2, the depreciation expense using the straight-line method would be $4,000.

Now, let's calculate the depreciation charges using the SOYD method. To do this, we need to calculate the sum of the years' digits for a 5-year period:

Sum of the years' digits = 1 + 2 + 3 + 4 + 5 = 15

The percentage of the depreciable base that will be depreciated in year n using the SOYD method is:

Percentage of depreciable base in year n = (Number of years left in useful life / Sum of the years' digits) * 100

So, the percentage of the depreciable base that will be depreciated in year 2 is:

Percentage of depreciable base in year 2 = (4 / 15) * 100 = 26.67%

Therefore, the depreciation expense in year 2 using the SOYD method would be:

Depreciation expense in year 2 = Depreciable base * Percentage of depreciable base in year 2

Depreciation expense in year 2 = $20,000 * 26.67% = $5,334

The percentage increase in depreciation charges in year 2 for the SOYD method over the SL method is:

Percentage increase = ((SOYD method depreciation expense in year 2 - SL method depreciation expense in year 2) / SL method depreciation expense in year 2) * 100

Percentage increase = (($5,334 - $4,000) / $4,000) * 100 = 33.35%

Therefore, the correct answer is B. 33%.

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To analyze the short-term liquidity of Boat Builders, we can look at the current ratio and the quick ratio. The current ratio for Boat Builders is 1.60, which indicates that the company has sufficient current assets to cover its current liabilities.

The quick ratio for Boat Builders is 1.10, which is lower than the current ratio, but still indicates that the company has enough liquid assets to meet its short-term obligations. Overall, Boat Builders seems to have a satisfactory short-term liquidity position.

To analyze the longer-term solvency of Boat Builders, we can look at the debt-to-equity ratio and the interest coverage ratio. The debt-to-equity ratio for Boat Builders is 1.20, which indicates that the company has more debt than equity.

This is a slightly higher ratio and indicates that the company is relatively highly leveraged. However, the interest coverage ratio for Boat Builders is 4.80, which indicates that the company is generating enough operating income to cover its interest expenses. Therefore, Boat Builders seems to have a satisfactory longer-term solvency position.

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Whether Jason was right in wanting to start his own company depends on various factors, such as his business acumen, market research, financial resources, and risk tolerance.

What is Risk Tolerance?

Risk tolerance refers to an individual's or organization's willingness and ability to accept and manage risk in pursuit of their goals or objectives. It is the degree of uncertainty or potential loss that an individual or organization is willing to accept in pursuit of potential gains. Risk tolerance can vary depending on various factors, such as an individual's or organization's financial situation, goals, time horizon, investment or business objectives, and personal or organizational risk appetite.

Whether Craig made a good decision in giving up a potential $150,000 salary as a project manager to work with Jason also depends on several factors, such as his motivation, confidence in the venture's success, and his personal career goals.

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A journal entry is a record of a financial transaction that shows the accounts affected, the amount of the transaction, and the direction of the transaction (debit or credit). Journal entries are used to record all types of transactions, such as sales, purchases, payments, receipts, and adjustments.

Interest Amounts:

Total Through Maturity = Principal x Rate x Time

= $6,000 x 8% x 180/360

= $240

November 1 Through December 31 = Principal x Rate x Time

= $6,000 x 8% x 60/360

= $80

January 1 Through April 30 = Principal x Rate x Time

= $6,000 x 8% x 120/360

= $160

General Journal:

December 31:

Interest Receivable $80

Interest Revenue $80

April 30:

Cash $6,240

Notes Receivable $6,000

Interest Receivable $160

Interest Revenue $80

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