Amazon's strategy during the pandemic included hiring more staff, expanding delivery operations, and prioritizing essential items. To recover fully, the company should focus on expanding to new locations, diversifying its portfolio, and investing in sustainability initiatives.
The covid-19 pandemic has impacted almost every industry worldwide and has forced many companies to adjust their strategies to stay in business. Amazon is one of the companies that have thrived in this pandemic. It is a multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.
Amazon's strategy during the pandemic: Amazon has had to make some changes to its operations in order to keep up with the demand due to the pandemic. The company has had to hire additional staff, increase the number of warehouses, and expand delivery operations.
They have also changed their strategy by prioritizing essential items to be delivered first to customers. To adjust to the pandemic, Amazon has focused on the following; Hiring more staff, including 100,000 full-time and part-time positions.
Expanding delivery operations to new locations.Ensuring that customers have access to essential items such as groceries, cleaning supplies, and medical supplies. Increasing the number of warehouses to cater to the increased demand. Now that the pandemic is winding down, there are still a few things that Amazon needs to do to recover and return to normal operations.
They include; Expanding to new locations to reach more customers. Diversifying its portfolio to reduce over-dependence on e-commerce. Focusing on sustainability to align with customer values. If I were the CEO, I would consider investing more in the sustainability and environmental initiatives of the company to ensure that the company aligns with the values of the consumers.
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a) What should be included in a good questionnaire? Discuss briefly.
b) Bot-tola Mobile Phone Inc. has recently faced a challenge to retain its customer due to cut-throat competition in the industry. As a researcher of the company, the management has asked you to prepare a questionnaire in which the basic problems regarding customer churn can be identified. Design the questionnaire and recommend accordingly.
a) A good questionnaire should have a clear and concise structure, appropriate question types, and relevant questions that provide valuable insights into the research topic. A few things that can be included in a good questionnaire are:
1. Introduction: A brief introduction about the purpose of the questionnaire and what information is being collected.
2. Demographic Questions: Age, gender, income, education, employment, etc. This information helps to group the responses and analyze them better.
3. Multiple-choice Questions: Provide a set of options for respondents to choose from. This type of question is easy to answer and analyze.
4. Likert Scale Questions: A scale that measures the degree of agreement or disagreement to a statement. This type of question measures attitudes, perceptions, and opinions.
5. Open-Ended Questions: Allows respondents to give detailed answers to a particular question. This type of question provides insights into respondents' thoughts and experiences.
b) Here is a questionnaire designed for identifying the problems regarding customer churn in Bot-tola Mobile Phone Inc.
1. What is the frequency of your mobile phone usage?
2. How long have you been using our services?
3. Do you think our services match your expectations?
4. Have you ever faced any issues while using our services?
5. How do you compare our services with our competitors?
Based on the questionnaire, the management can analyze the responses and identify the root cause of customer churn. They can come up with the necessary strategies to retain the customers and improve the overall business performance.
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I am working on an assignment arguing that people can be forced to be virtuous. I need to come up with atleast 5 reasons why and explain.
The concept of virtuosity is a philosophical and ethical idea. Virtue denotes moral excellence and encompasses a series of positive character traits such as honesty, kindness, fairness, and integrity, among others.
Most societies have moral and ethical codes that guide behavior. For instance, the Ten Commandments in Christianity, the Five Precepts in Buddhism, or the Five Pillars in Islam. These codes often promote virtuous behavior and ensure people adhere to moral principles.
Sometimes, individuals may act virtuously because it is in their self-interest. For instance, being kind to others may increase social status or lead to positive outcomes.
In conclusion, people can be forced to be virtuous through punishment, social expectations, religious beliefs, moral and ethical codes, and self-interest. While this raises ethical concerns, it is important to note that society has a responsibility to promote virtuous behavior.
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Snark Inc. Ended the year with $100,000 in salaries payable. During the year they paid $75,000 in cash salaries and recorded $85,000 in salary expenses. What was their beginning year's balance for salaries payable? A. $110,000 B. $100,000 C. $90,000 D. $85,000
To determine the beginning year's balance for salaries payable, we need to consider the information provided. The beginning year's balance for salaries payable was $110,000.
We know that Snark Inc. ended the year with $100,000 in salaries payable and during the year they paid $75,000 in cash salaries and recorded $85,000 in salary expenses.
The beginning year's balance for salaries payable can be calculated using the following formula:
Beginning Salaries Payable + Salary Expenses - Cash Salaries Paid = Ending Salaries Payable
Let's substitute the given values into the formula:
Beginning Salaries Payable + $85,000 - $75,000 = $100,000
Simplifying the equation, we have:
Beginning Salaries Payable + $10,000 = $100,000
To isolate the variable, we subtract $10,000 from both sides:
Beginning Salaries Payable = $100,000 - $10,000
Beginning Salaries Payable = $90,000
Therefore, the beginning year's balance for salaries payable was $90,000. However, none of the given answer choices match this result. Therefore, there may be an error in the options provided or some additional information is required to determine the correct answer.
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For the year a corporation has sales of $8 million, gross profit of $5 million, operating expenses of $1 million, and net profit of $2 million.
The following information also pertains:
Preferred stock 500,000 shares authorized
200,000 shares outstanding
$1.00 dividend paid per share during the year
Common stock
500,000 shares authorized
300,000 shares issued and outstanding
$.25 dividend paid per share during the year
What is EPS for the year?
$3.60
$6.00
$5.75
O $.60
$3.00
The earnings per share (EPS) for the year can be calculated by dividing the net profit by the weighted average number of shares outstanding. The EPS for the year is $4.00. None of the given options accurately represent the calculated EPS.
First, let's calculate the weighted average number of shares outstanding:
Preferred stock:
No additional information is provided regarding the preferred stock, so we can assume that there are no dilutive effects. Therefore, the number of preferred shares outstanding is 200,000.
Common stock:
The number of common shares outstanding is given as 300,000.
Weighted average number of shares outstanding = (Number of preferred shares * Dividend per share) + Number of common shares
= (200,000 * $1.00) + 300,000
= $200,000 + 300,000
= 500,000
Now, we can calculate the EPS:
EPS = Net profit / Weighted average number of shares outstanding
= $2,000,000 / 500,000
= $4.00
Therefore, the EPS for the year is $4.00. None of the given options match the calculated EPS, so the correct answer is not provided among the given choices.
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The Fresh Connection sells cases of PET bottles to the sports camps at a price of $15.94 and the materials cost an average of $4.26 per case. They produce 6,041 cases of the PET bottles per week. However, because camp enrollments vary, the number of cases needed per week varies, leaving them with extra product. Since this is a specialty product, they cannot store any of the extra product produced each week. Now, however, you have offered to pay them $2.63 per unsold case each week (salvage value) because you plan to sell them to other camps in the area. They sell 4,071 cases for one particular week, discarding the difference. How much better off would The Fresh Connection be for the week if they accepted your offer for the unsold cases rather than simply discarding them? Do not round anything until you get to the end of the problem and then round to two (2) decimal places.
The Fresh Connection produces 6,041 cases of PET bottles per week and sells it to sports camps at a price of $15.94. The average material cost per case is $4.26. But the number of cases needed per week varies, leaving them with extra product.
The total cost of producing 6,041 cases of PET bottles per week is given by:
Total cost = Number of cases produced per week x (Price - Material cost per case)Total cost = 6,041 x ($15.94 - $4.26)
Total cost = $70,199.74
Thus, the cost per case of producing PET bottles is $11.63.
The revenue generated from selling 4,071 cases is given by:
Revenue = Number of cases sold x Price per case
Revenue = 4,071 x $15.94
Revenue = $65,013.74
The cost incurred in producing 4,071 cases is:
Cost = Number of cases produced x Cost per case
Cost = 4,071 x $11.63Cost = $47,343.33
Therefore, the profit earned from selling 4,071 cases is:
Profit = Revenue - Cost
Profit = $65,013.74 - $47,343.33
Profit = $17,670.41T
he number of unsold cases is:x = 6,041 - 4,071x = 1,970
Therefore, the value of unsold cases is:
Value = Number of unsold cases x Salvage value per case
Value = 1,970 x $2.63
Value = $5,180.10
Thus, the net profit of accepting your offer would be:
Net Profit = Profit from sold cases + Salvage value of unsold cases
Net Profit = $17,670.41 + $5,180.10
Net Profit = $22,850.51
Thus, The Fresh Connection would be $4,790.03 better off for the week if they accepted your offer for the unsold cases rather than simply discarding them.
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Jodi prefers banana to apple, cocoa to banana, and durian to cocoa. If she said she prefers durian to apple, which axiom (公理) is violated? (A) Completeness. (B) Reflexivity. (C) Transitivity. (D) None of the above.
The violation of transitivity occurs when there are three alternatives A, B, and C, and an individual X prefers A to B and B to C, but prefers C to A. In this case, Jodi's preference for durian over apple contradicts the transitivity axiom.
Given Jodi's preferences:
Jodi prefers banana to apple (B > A)
Jodi prefers cocoa to banana (C > B)
Jodi prefers durian to cocoa (D > C)
Jodi also states that durian is preferred to apple (D > A).
If we analyze Jodi's preferences and compare them, we can observe that one preference is not consistent with the others and actually contradicts them.
Based on Jodi's preferences, we know that she prefers durian to cocoa and cocoa to banana. Using the transitive property, we can infer that Jodi also prefers durian to banana (D > B), as it follows the logical sequence.
However, if Jodi claims to prefer durian to apple, it would violate the transitivity axiom. This is because Jodi already prefers banana to apple (B > A) and durian to banana (D > B), but not durian to apple (D > A). The transitivity axiom states that if A is preferred to B and B is preferred to C, then A should also be preferred to C.
Therefore, the violation of transitivity occurs when there are three alternatives A, B, and C, and an individual X prefers A to B and B to C, but prefers C to A. In this case, Jodi's preference for durian over apple contradicts the transitivity axiom.
Transitivity is one of the fundamental axioms of choice theory, and its violation indicates inconsistencies in an individual's preferences.
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Which of the following is a snapshot of the financial position of a company? Select one: O a. Balance sheet O b. Income statement O c. Statement of retained earnings O d. Cash flow statement O e. None of the above ion 9 et ered s out of ag tion Capital stock and retained earnings comprise which of the following accounts? Select one: O a. Current assets O b. Noncurrent assets O c. Current liabilities O d. Owners' equity
A snapshot of the financial position of a company is provided by the balance sheet. The correct option is a. Balance sheet.
A balance sheet is a financial statement that provides a snapshot of a company's financial situation at a given time by displaying the company's assets, liabilities, and equity. The balance sheet is also known as a statement of financial position.
The statement reports a company's assets, liabilities, and equity at a particular point in time, allowing investors and creditors to see what a company owns as well as what it owes.
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OPTION ONE: If you are currently employed:
Discuss what motivates you in the workplace?
Provide specific examples from your workplace.
Be sure to include Human Resources benefits & other "perks" provided by your employer.
Tie them to concepts & theories from Chapters 5 & 6 on Motivation & Performance Management.For example:
Do resources & rewards at your organization have distributive, procedural & interactional justice?
Does your company use a Goal Setting process?
Provide examples of intrinsic & extrinsic motivators; or is one missing?
(Be sure to name the specific theory or concept in your discussion.)
OPTION TWO: If you are not employed, or do not wish to reference your current employer:
Feel free to use a prior employer example.
Research a company that interests you.
Check out their web site & benefit offerings.
Check Glassdoor or other sites that provide "insider" perspectives.
Discuss what you found & your impressions.
Be sure to include links to your resources in your post.
Please chose one of them and post an answer
Environment: Having a secure employment and a nice working environment are absolutely necessary. Reorganization: When a worker receives the accountability and respect he merits, his confidence is boosted. Learning new things: We should provide our staff with greater chances.
2] I strive to learn new things in work. I aim to get knowledgeable in every aspect of my profession. It boosts my understanding while also increasing my productivity.
3]HR advantages: a] Ratifies interpersonal and conflict issues; b]Manages events and programs.
Determines positions for internal advancement.
My employer offers benefits like paid time off, flexible work schedules, happy hours, and access to a library, among employment others.
4] My place of employment does really give out prizes. Every month, we are awarded the "employee of the month" medal based on our productivity.
5] Goal-setting is used by my organization. When creating goals, we set them for ourselves as well as the time frame for achieving them.
Setting objectives involves writing them down, measuring them, and
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Option One: If you are currently employed: In my workplace, several factors motivate me, aligning with concepts and theories from Chapters 5 and 6 on Motivation and Performance Management. One motivating factor is the presence of a comprehensive rewards system that encompasses both financial and non-financial incentives.
In my workplace, several factors motivate me, aligning with concepts and theories from Chapters 5 and 6 on Motivation and Performance Management. One motivating factor is the presence of a comprehensive rewards system that encompasses both financial and non-financial incentives. Our organization follows the principles of distributive, procedural, and interactional justice by ensuring that rewards are distributed fairly, there is transparency in the performance evaluation process, and employees are treated with respect and dignity.
Additionally, our company utilizes a goal-setting process, which is based on the goal-setting theory. This process involves setting clear and challenging goals, providing regular feedback, and offering necessary resources to achieve those goals. This approach enhances motivation and performance by creating a sense of direction, increasing focus, and fostering a sense of accomplishment.
Regarding intrinsic and extrinsic motivators, our company recognizes the importance of both. Intrinsic motivators include opportunities for personal growth and development, autonomy in decision-making, and a supportive work environment that fosters creativity and innovation. Extrinsic motivators include competitive salaries, performance-based bonuses, and comprehensive benefits packages provided by the Human Resources department.
Overall, the combination of distributive and procedural justice, the goal-setting process, and a balance between intrinsic and extrinsic motivators contributes to a motivated workforce and enhances individual and organizational performance.
Option Two: Research a company that interests you:
I have researched Company XYZ, an organization known for its employee-friendly policies and benefits. According to their website and reviews on Glassdoor, Company XYZ offers a range of attractive benefits to its employees.
In terms of Human Resources benefits, Company XYZ provides comprehensive healthcare coverage, including medical, dental, and vision insurance. They offer a 401(k) retirement savings plan with a generous matching contribution. The company also provides paid time off and flexible work arrangements, allowing employees to achieve a better work-life balance.
One aspect that stood out is Company XYZ's emphasis on employee well-being and development. They have an employee assistance program that offers counseling services, wellness initiatives, and access to fitness facilities. Additionally, they have a robust training and development program, which includes both internal and external opportunities for professional growth.
These offerings align with concepts from Chapters 5 and 6 on Motivation and Performance Management. Company XYZ recognizes the importance of meeting employees' basic needs through healthcare coverage and retirement savings, thereby addressing Maslow's hierarchy of needs theory. Their focus on employee well-being and development supports the idea of a supportive work environment that fosters intrinsic motivation and personal growth, as discussed in self-determination theory.
Overall, based on my research, Company XYZ appears to prioritize employee satisfaction, growth, and work-life balance, which can positively impact motivation and performance. (Note: Please note that the details mentioned are fictional and provided as an example.)
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In 1995, Jenson Investments, a Delaware corporation with a 35 percent federal tax rate, formed Bestmark, a wholly owned German subsidiary. Bestmark conducts several profitable businesses in Europe and pays the 45 percent German corporate income tax. Best-mark has never paid a dividend to its U.S. parent and has accumulated $8.2 million after-tax earnings. Jenson recently sold 100 percent of its Bestmark stock to an unrelated purchaser and recognized a $6 million gain. Compute Jenson’s U.S. tax on this gain.
Jenson's U.S. tax on the gain from the sale of Bestmark stock is $2.1 million. This calculation takes into account the federal tax rate, the foreign tax credit for German corporate income tax, and the after-tax earnings accumulated by Bestmark.
To calculate Jenson's U.S. tax on the gain, we need to determine the taxable income and apply the federal tax rate. The gain recognized from the sale of Bestmark stock is $6 million.
Since Bestmark is a wholly owned subsidiary, the gain is considered a dividend distribution from the subsidiary to the parent company. This dividend is subject to U.S. tax at the parent company's federal tax rate. However, Jenson has already paid German corporate income tax on the earnings of Bestmark.
To avoid double taxation, the U.S. allows a foreign tax credit to offset the U.S. tax liability on the dividend. Jenson can claim a foreign tax credit for the German corporate income tax paid by Bestmark.
The U.S. tax on the gain is calculated as follows:
U.S. Tax = Gain - (Foreign Tax Credit)
U.S. Tax = $6 million - (German Corporate Income Tax Credit)
The German corporate income tax paid by Bestmark is calculated as:
German Corporate Income Tax = After-Tax Earnings / (1 - German Tax Rate)
German Corporate Income Tax = $8.2 million / (1 - 45%)
German Corporate Income Tax = $8.2 million / 0.55
German Corporate Income Tax = $14.909 million
Foreign Tax Credit = German Corporate Income Tax * U.S. Tax Rate
Foreign Tax Credit = $14.909 million * 35%
Foreign Tax Credit = $5.221 million
Substituting the values into the U.S. tax calculation:
U.S. Tax = $6 million - $5.221 million
U.S. Tax = $0.779 million
Therefore, Jenson's U.S. tax on the gain from the sale of Bestmark stock is $0.779 million or $779,000.
Jenson's U.S. tax on the gain from the sale of Bestmark stock is $0.779 million. This calculation takes into account the federal tax rate, the foreign tax credit for German corporate income tax, and the after-tax earnings accumulated by Bestmark. By applying the appropriate tax treatments and credits, the tax liability on the gain is determined.
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Applying Functions to Basic Economics: Problem 19 (1 point) The revenue for selling x units of a product is R=40x. The cost of producing x units is C=20x+10500. In order to obtain a profit, the revenue must be greater than the cost, so we want to know, for what values of x will this product return a profit. To obtain a profit, the number of units must be greater than You have attempted this problem 2 times. Your overall recorded score is 0\%. You have unlimited attempts remaining.
C = 20x + 10500 is the cost of manufacturing x units. We want to know what values of x this product will return a profit for since in order to make a profit, the revenue needs to be higher than the cost.
Given, R=40x is the revenue generated by selling x units of a product. C=20x+10500 is the price of manufacturing x units. We want to know what values of x this product will return a profit for since in order to make a profit, the revenue needs to be higher than the cost.
Let's begin by calculating the profit function: Profit = Revenue – Cost$ P(x) = R(x) - C(x)$ $P(x) = 40x - (20x + 10500)$ $P(x) = 20x - 10500$
Now, let us find the break-even point. In the break-even point, the profit equals zero.
Thus, we have to solve for $P(x) = 0$ $20x - 10500 = 0$ $20x = 10500$ $x = 525$Therefore, if we sell 525 units, we will break even.
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Suppose a domestically produced motor bicycle sells at a world price of $10,000 under unrestricted trade. The domestic producer uses $6000 worth of imported inputs. The $4,000 difference between the world price of the final motor bicycle and the cost of the imported components represents domestic value added (VA). Suppose a 10 percent ad valorem (on the value) tariff is imposed on the imported motor bicycle.
What is the domestic price of the imported motor bicycle?
What is the possible price of the domestically produced motor bicycle?
What is the domestic value-added of the imported motor bicycle (VA)?
What is the effective rate of protection (ERP)?
What does the effective rate of protection depend on? Can it be bigger than the nomina; tariff rate? Explain
The domestic price of the imported motor bicycle, after the imposition of a 10% ad valorem tariff, is $6,600. The possible price of the domestically produced motor bicycle remains $10,000. The domestic value-added (VA) of the imported motor bicycle is $4,000. The effective rate of protection (ERP) is 66.67%.
The effective rate of protection depends on the domestic value-added and the domestic price of the imported and domestically produced goods. It can be higher than the nominal tariff rate due to the difference in prices and value-added between the imported and domestically produced goods.
To calculate the domestic price of the imported motor bicycle after the tariff, we add the tariff amount to the cost of imported inputs. The tariff rate is 10% of the imported inputs, which is $600 ($6,000 * 0.1). Therefore, the domestic price of the imported motor bicycle is $6,600 ($6,000 + $600).
The possible price of the domestically produced motor bicycle remains the same as the world price of $10,000 since there is no tariff on the domestically produced goods.
The domestic value-added (VA) of the imported motor bicycle is the difference between the world price of the final motor bicycle and the cost of imported components, which is $4,000 ($10,000 - $6,000).
The effective rate of protection (ERP) is the ratio of the domestic value-added to the domestic price of the imported motor bicycle, multiplied by 100%. In this case, it is (4,000 / 6,600) * 100% = 66.67%.
The effective rate of protection depends on the domestic value-added and the domestic price of the imported and domestically produced goods. It considers the value-added domestically and the relative prices to measure the level of protection provided by the tariff. Therefore, it can be higher or lower than the nominal tariff rate.
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could you help me to identify how the company is engaging stakeholders in every strategy level, please?
In today's world, the way companies engage with their stakeholders plays an important role in their success. Stakeholders can have a significant impact on the growth of an organization, and as a result, most companies have begun to recognize this and are incorporating stakeholder engagement into their strategy.
The company needs to listen to the needs of its stakeholders. By doing so, they will be able to understand their needs and make changes accordingly. Listening can be done through surveys, focus groups, and other forms of research. It is important to make sure that all stakeholders are heard, not just a select .Transparency is essential when engaging stakeholders.
Stakeholders should be encouraged to participate in the decision-making process. When stakeholders are involved in the decision-making process, they are more likely to support the decisions made by the company.
In conclusion, companies can engage their stakeholders in various ways, including communication, listening, transparency, and participation.
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If Hard Knots Lumber purchases $1,000 of lumber at 10/10 n/30, but finds 20% defective and returns them, show the journal entry to record the return. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
The return increases the inventory of lumber by $20 because the defective lumber was removed from the inventory.
The purchase made by Hard Knots Lumber is $1,000 of lumber at 10/10 n/30 and the defective lumber is 20%. The return must be recorded. The journal entry to record the return can be shown as follows:
Hard Knots Lumber purchased $1,000 of lumber, with the terms 10/10 n/30.
This means the purchaser can receive a 10% discount if payment is made within ten days or the entire amount is due within 30 days. The purchaser received 20% defective lumber and decided to return them. The return of the inferior lumber will reduce the accounts payable by $200.
Therefore, This means the company only has to pay $800 for the remaining good lumber purchased.
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Pat says, "If I didn't go to the movie tonight, I would save $7.00 and spend the evening studying." The opportunity cost to Pat of going to the movie is Select one: a. dependent on how good the movie is b. an evening of studying c. $7 plus an evening of studying d. nothing e. $7 Information that might help a person make correct choices is always Select one: a. easy to obtain. b. freely available. c. costly to obtain. d. unnecessary, if one is studying economics. e. impossible to obtain.
The opportunity cost to Pat of going to the movie is an evening of studying. Option c. is correct.
What is an opportunity cost? Opportunity cost refers to the cost of a foregone alternative. It is the cost of the next-best choice, and the next-best choice is the one that is foregone. Opportunity cost is the cost of a trade-off. If you choose option A, you must forgo the benefits of option B. The benefit that could have been derived from option B is the opportunity cost of option A.
In other words, opportunity cost is the value of the next best alternative that is given up whenever a decision is made. Opportunity cost can be determined in terms of money, time, or any other resource. Hence, the opportunity cost to Pat of going to the movie is an evening of studying. Additional Information The following information might help a person make correct choices:
Cost-benefit analysis is a method for calculating the costs and benefits of a specific project or policy. By comparing the costs and benefits, one can determine whether or not a project or policy is worthwhile. The data that might help a person make correct choices is often not easy to obtain. It might be time-consuming, expensive, or difficult to obtain.
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Learning Outcomes
1.2 Define different perspectives and knowledge of process-flow analysis, process design
solutions, lean system, quality controls, Inventory control system and green systems.
2.1 Apply knowledge and skills to optimize production objective of maximizing profits
using qualitative and quantitative techniques in related areas of operations
management.
CREATIVE THINKING
Quality plays a very vital and important role in any project whether it be a manufacturing or service industry not only to increase market share but also to avoid accidents. At its simplest, quality means meeting the intended purpose. Quality is also known as 'fit for use.' Quality products meet the stated requirements, have tolerable levels of defects, and are consistently produced. In short, quality means accurate (correct) and precise (consistent) results within a project.
Quality improvement is the framework used to systematically improve care. Quality improvement seeks to standardize processes and structure to reduce variation, achieve predictable results, and improve outcomes for patients, healthcare systems, and organizations.
Q1. What are dimensions of a product quality? (5 Marks)
Q2 How the quality of the Product can be improved? Discuss its cycle.
(5 Marks)
Q3. What are different types of Quality through which customer satisfaction and fitness for use can be ensured?
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions
Product quality refers to how well a product satisfies customer needs, serves its purpose and meets industry standards. When evaluating product quality, businesses consider several key factors, including whether a product solves a problem, works efficiently or suits customers' purposes.
Dimensions of Product Quality are as follows:
Performance: Refers to the main operating features of a product, including its ability to do the intended job well, efficiently, and reliably.
Features: The different features that distinguish a product from other similar ones, including its design, flexibility, and safety.
Reliability: Refers to the probability of a product failing over time. The product's life cycle includes its serviceability and its ability to operate without needing repair.
Conformance: Refers to the degree to which a product's actual performance meets its intended performance. The product's quality may be improved by ensuring that it meets or exceeds industry standards.
Durability: The product's ability to withstand physical use and to last for an extended period. For example, a product should be able to withstand frequent use without breaking or becoming worn.
Serviceability: The ease with which a product can be fixed, maintained, or serviced when needed.
Product quality can be improved by following the steps given below: Identify what needs to be improved and determine the type of improvement required.
Select the best possible solution to the problem.
Develop a plan for implementation.
Introduce the new process or product.
Evaluate the effectiveness of the new process or product.
Monitor the process or product and make adjustments as needed.
Types of quality that ensure customer satisfaction and fitness for use are:
Product Quality: Refers to the overall quality of the product or service. This includes a product's performance, features, reliability, conformance, durability, and serviceability.
Process Quality: The effectiveness of the process used to make or deliver the product or service is referred to as process quality. This includes the consistency and reliability of the process.
Service Quality: The quality of service that a company provides to its customers is referred to as service quality. This includes the company's ability to respond to customer needs, offer timely service, and provide knowledgeable assistance.
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Please locate a recently published (past 12 months) newspaper article, from the New York Times, Washington Post, Kansas City Star, or another reputable newspaper, that addresses a pollution control issue, e.g., lowering air pollutant emissions in Yosemite National Park. Based on your reading of the article, please describe the pollution damage costs and abatement costs in one or two sentences per topic using complete sentences, after first citing the article. Do not attach the article. 1.1. Citation: 1.2. Pollution Damage Costs (e.g., obnoxious smells): 1.3. Abatement costs (e.g., operation of an Environmental Management System):
To locate a recent newspaper article, follow the given instructions:
Go to any reputable newspaper website, for example, The New York Times, Washington Post, Kansas City Star, etc.
Look for the search bar or use the search icon at the top of the website.
Type "pollution control" in the search bar and press enter.
The results will show the articles related to the search term. Choose any article from the past 12 months that discusses the lowering of air pollutant emissions in Yosemite National Park .
After selecting a recent newspaper article from a reputable newspaper, proceed to answer the following questions
Citation: Provide the citation of the article. This includes the title of the article, author, date of publication, and newspaper name.
Pollution Damage Costs: Pollution damage costs refer to the costs that the pollution imposes on the society and the environment. For example, obnoxious smells, respiratory issues, skin rashes, etc. Based on the selected article, describe the pollution damage costs in one or two sentences.
Abatement Costs: Abatement costs refer to the costs incurred to mitigate the pollution. This includes the cost of installing and operating an Environmental Management System, using better fuel, cleaning the environment, etc. Based on the selected article, describe the abatement costs in one or two sentences.
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Home | Schoology New tab O $200,000 D Question 14 Gardenia Corp, has a selling price of $15, fixed costs of $25,000, and contribution margin of $65.000 when Gardenia sells 13,000 units. How much are variable costs per unit? O $2.00 O $5.00 $7.00 O $10.00 7 pts
The variable cost per unit for Gardenia Corp is $10.00. Therefore, option D - $10.00 is the correct answer.
To determine the variable cost per unit, we can use the formula for contribution margin:
Contribution Margin = Selling Price - Variable Cost per Unit
Given that the contribution margin is $65,000, and the selling price is $15, we can rearrange the formula to solve for the variable cost per unit:
Variable Cost per Unit = Selling Price - Contribution Margin
Variable Cost per Unit = $15 - $65,000/13,000 units
Variable Cost per Unit = $15 - $5
Variable Cost per Unit = $10.00
Therefore, the variable cost per unit for Gardenia Corp is $10.00.
Option D - $10.00 is the correct answer.
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Complete question:
Home | Schoology New tab O $200,000 D Question 14 Gardenia Corp, has a selling price of $15, fixed costs of $25,000, and contribution margin of $65.000 when Gardenia sells 13,000 units. How much are variable costs per unit?
A - $2.00
B - $5.00
C - $7.00
D - $10.00
Select the accounting principle, concept, or assumption that most closely matches each statement. An auditor will try to determine whether a transaction had occurred and its dollar amount by examining documents such as invoices and by other Choose... means. While businesses operate continuously, their economic activities are divided into distinct time periods for reporting purposes. Choose... Information is included in financial statements if it likely would make a difference in a user business decision. Choose... Choose.... Financial information is presented in such a way so that informed users can comprehend its meaning and implications.
In accounting, there are various principles, concepts, and assumptions that are followed while creating financial statements. The principles provide guidance on how transactions should be recorded, while the concepts help in understanding the accounting process.
The assumptions assist in the preparation of financial statements. The given statements are explained below with the accounting principle, concept, or assumption that most closely matches them:
An auditor will try to determine whether a transaction had occurred and its dollar amount by examining documents such as invoices and by other means. This statement closely matches the accounting principle of verification. Verification is an auditing principle that ensures that the recorded transactions are genuine. An auditor verifies transactions by inspecting the accounting records, including financial statements, bank statements, and documents such as invoices and receipts.While businesses operate continuously, their economic activities are divided into distinct time periods for reporting purposes.Financial information is presented in such a way so that informed users can comprehend its meaning and implications. This statement closely matches the accounting principle of understandability. Understandability means that financial information should be presented in a clear and concise manner so that it can be easily understood by users who have reasonable knowledge of business and economic activities.Know more about the accounting principle,
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Which of the following is true? A. Insider Trading is the illegal practice of trading on the stock market to one’s own advantage through having access to confidential information. B. Insider Trading is legal when the insiders of the company trade shares but at the same time report the trade to the Securities and Exchange Commission. C. Both are true. D. Neither are true.
The correct answer is A.
Insider Trading is the illegal practice of trading on the stock market to one’s own advantage through having access to confidential information. Monitoring odd trends in the trading behavior of specific people, such as executives or other insiders with access to proprietary information about a company, might help identify insider trading.
This can include sharp spikes in trading volume, odd trade timing, or big profits achieved soon after a key announcement or corporate development. Other warning signs could include unusual connections between insiders and outside traders, like regular communication or common financial interests.
In the end, uncovering insider trading necessitates a mix of tracking trade trends, performing exhaustive research, and remaining on the lookout for any indications of possible misconduct.
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Carmen wants to repay a debt of $3000 over the course of the next 36 months. Interest is 8% compounding quarterly and he initially makes 24 monthly payments of $50, after which he is unable to make payments. How much would he need to pay at time 36 to still fulfill his debt
Carmen would need to pay approximately $1669.20 at time 36 to fulfill his debt.
To determine how much Carmen would need to pay at time 36 to fulfill his debt, we can use the future value formula for a series of payments:
FV = [tex]P * ((1 + r)^n - 1) / r[/tex]
Where:
FV = Future value
P = Payment amount
r = Interest rate per compounding period
n = Number of compounding periods
In this case, Carmen initially makes 24 monthly payments of $50, and the interest is 8% compounded quarterly. We need to calculate the future value at time 36.
First, let's calculate the interest rate per compounding period. Since the interest is compounded quarterly, the quarterly interest rate is 8% divided by 4:
r = 8% / 4 = 0.08 / 4 = 0.02
Next, let's calculate the future value for the 24 monthly payments of $50:
FV = $50 * ((1 + 0.02)^24 - 1) / 0.02 ≈ $1330.80
So after making the initial 24 monthly payments, the remaining debt is approximately $1330.80.
To determine how much Carmen would need to pay at time 36 to fulfill his debt, we subtract the remaining debt from the initial debt:
Remaining Debt = Initial Debt - FV
Remaining Debt = $3000 - $1330.80 = $1669.20
Therefore, Carmen would need to pay approximately $1669.20 at time 36 to fulfill his debt.
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The Faulk Corp. has a bond with a coupon rate of 3 percent outstanding. The Gonas Company has a bond with a coupon rate of 9 percent outstanding. Both bonds have 17 years to maturity, make semiannual payments, and have a YTM of 6 percent.a.If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)b.What if rates suddenly fall by 2 percent instead? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
a. If interest rates suddenly rise by 2 percent, we need to calculate the percentage change in the price of the bonds issued by Faulk Corp. and Gonas Company.
For both bonds, since they have 17 years to maturity and make semiannual payments, there will be 34 periods until maturity (2 periods per year for 17 years). The coupon payments will remain the same, but the increase in interest rates will reduce the present value of those payments.
To calculate the price of the bonds, we can use the present value of an annuity formula:
Price = (Coupon Payment / YTM) * (1 - (1 / (1 + YTM)^n)) + (Face Value / (1 + YTM)^n)
Where:
Coupon Payment = Coupon Rate * Face Value
YTM = Yield to Maturity
n = Number of periods
Let's calculate the price of the bonds using the given information:
For Faulk Corp.:
Coupon Payment = 0.03 * Face Value
YTM = 0.06 + 0.02 (since interest rates have risen by 2%)
n = 34
For Gonas Company:
Coupon Payment = 0.09 * Face Value
YTM = 0.06 + 0.02
n = 34
By plugging in these values and calculating the price of the bonds with the increased interest rates, we can then calculate the percentage change in price using the formula:
Percentage Change = ((New Price - Original Price) / Original Price) * 100
b. If interest rates suddenly fall by 2 percent, we follow the same process as in part a, but this time we decrease the interest rates by 2% and calculate the new prices of the bonds. Again, we can use the formula for percentage change to determine the percentage change in price.
By calculating the prices of the bonds under the new interest rate scenarios and applying the percentage change formula, we can determine the impact on bond prices when interest rates rise or fall.
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Which one of the following is not a question to ask when an organisation formulates its mission statement?
a.
What value do we create for society?
b.
What technology are we going to use to provide the primary products and services?
c.
Who is our primary target market?
d.
What is our primary product or service?
Option B: What technology are we going to use to provide the primary products and services? is not a question to ask when an organization formulates its mission statement.
What is a mission statement?A mission statement is a concise and compelling declaration of a company's core goal and purpose that usually serves to guide decisions, actions, and resource allocation. It's a statement of the company's reason for being, and it should be aligned with the company's values and objectives.A mission statement is an important tool for keeping a company on track.
It aids in the development of a company's internal culture, provides direction for employees, and provides a vision of where the business wants to go. Furthermore, it serves as a basis for brand building and marketing campaigns.
Question to ask when an organization formulates its mission statementThe following are some of the questions to ask when an organization formulates its mission statement.
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Assume you are a soybean producer. On June 20, you decide to hedge the sale of a portion of your expected bean crop for delivery in the fall by entering a November futures contract at $7.20 per bushel. By October, futures price is $6.98, and your actual basis is $-0.64/bu. You sell your soybeans on the cash market, and you offset your futures contract at $6.98 per bushel. What is your net hedge price for the beans in dollars per bushel?
The net hedge price for the beans in dollars per bushel in the given scenario would be $7.84 per bushel.
A futures contract is a contractual arrangement between a buyer and a seller, according to which the buyer agrees to buy and the seller agrees to sell a particular commodity, security, or currency at a predetermined price on a specified date in the future. The price of a futures contract is determined by supply and demand. It represents the expected price of the underlying asset at the time of delivery. The following formula can be used to calculate the net hedge price: Net hedge price = Cash price + Basis - Futures price Cash price = $0 (not provided)Basis = -$0.64 (given)Futures price = $6.98 (given)Substituting the given values, Net hedge price = $0 - $0.64 - $6.98Net hedge price = $7.84Hence, the net hedge price for the beans in dollars per bushel in the given scenario would be $7.84 per bushel.4
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everal people get sick from food poisoning at Chipotle, causing other customers to stop eating there.{ __Decrease_P__Decrease_Q 4. Thanks to a huge media push, more and more people want to use kale in their recipes. At the same time, new greenhouse technology makes it easier for farmers to grow more kale more quickly. increase P _Increase Part III. Problem Solving - Supply and Demand (20pts) For each question, read the information provided. Then, draw how the supply and/or demand curve would move, and what would happen to price and quantity as a result.
1. Decrease in demand for Chipotle's food: Leftward shift in the demand curve, decrease in quantity demanded, and decrease in price.
2. Increase in demand for kale: Rightward shift in the demand curve, increase in quantity demanded, and increase in price.
3. Increase in the supply of kale: Rightward shift in the supply curve, increase in quantity supplied, and decrease in price.
Based on the given information, I will analyze the effect of certain events on the supply and demand curves, as well as the resulting changes in price and quantity.
1. Several people get sick from food poisoning at Chipotle, causing other customers to stop eating there. This event would lead to a decrease in demand for Chipotle's food. As a result, the demand curve would shift to the left, indicating a decrease in quantity demanded. The price would also decrease because of the reduced demand.
2. Thanks to a huge media push, more and more people want to use kale in their recipes. This event would lead to an increase in demand for kale. Consequently, the demand curve would shift to the right, indicating an increase in quantity demanded. The price of kale would also increase due to the higher demand.
3. New greenhouse technology makes it easier for farmers to grow more kale more quickly. This event would result in an increase in the supply of kale. The supply curve would shift to the right, indicating an increase in quantity supplied. As a result, the price of kale would decrease due to the higher supply.
To summarize:
1. Decrease in demand for Chipotle's food: Leftward shift in the demand curve, decrease in quantity demanded, and decrease in price.
2. Increase in demand for kale: Rightward shift in the demand curve, increase in quantity demanded, and increase in price.
3. Increase in the supply of kale: Rightward shift in the supply curve, increase in quantity supplied, and decrease in price.
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With reference to above case, explain any THREE (3) various types of duties mentioned by Keegan and Green (2016) that export marketers should be aware of in different countries.
Keegan and Green (2016) highlighted various types of duties that export marketers should be aware of in different countries. These duties are:
1. Tariff Duties: Tariff duties are taxes or customs that a country imposes on imports and exports. This is one of the most common types of duties that exporters encounter in foreign markets. These taxes are designed to protect domestic industries, promote fair competition, and generate revenue for the government.
2. Non-Tariff Duties:Non-tariff duties are a broad category of regulations, policies, and practices that countries use to control the import and export of goods. These can include quotas, licensing requirements, technical standards, labeling rules, and other barriers to trade.
3. Excise Duties:Excise duties are taxes on certain goods that are produced or consumed within a country. These taxes are typically applied to products like alcohol, tobacco, and gasoline.
Exporters should be aware of these duties because they can affect the cost and availability of their products in foreign markets. Keegan and Green (2016) thus highlighted tariff, non-tariff and excise duties that export marketers should be aware of in different countries.
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pois J Corp. reported the following: Units: 312 Sales $4139 Variable Costs $441 Fixed Costs $399 Compute contribution margin per unit. Round ONLY your final answer to 2 decimal places. Do not round intermediate computations. Save Answ
The contribution margin per unit for Pois J Corp. is $11.85. This means that each unit sold contributes $11.85 towards covering the company's fixed costs and generating profits.
Pois J Corp. has reported its units, sales, variable costs, and fixed costs. We need to compute the contribution margin per unit. This is a financial measure that tells how much each unit of a product contributes to covering fixed costs and earning profits. It is calculated by subtracting variable costs from the sales price.
The contribution margin is an important metric for understanding the financial performance of a company's products. It measures how much revenue is generated by each unit sold after deducting the variable costs of producing that unit. In other words, the contribution margin represents the amount of money that can be used to cover fixed costs and generate profits.
Contribution margin per unit = Sales price per unit - Variable cost per unit. Pois J Corp. reported that it sold 312 units for a total of $4139. It also reported variable costs of $441 and fixed costs of $399.
Sales price per unit = $4139 / 312 units = $13.26
Variable cost per unit = $441 / 312 units = $1.41
Contribution margin per unit = $13.26 - $1.41 = $11.85.
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selected Sanitizing wipes as my product for this supply chain
How would your chosen product be affected by the changing seasons?
If your product is not affected by seasonal demand, how would your company dispose of excess inventory due to a forecasting mistake?
Finally, list two demand forecasting constraints that exist within the supply chain of your product
Answer:
1. How would my chosen product be affected by the changing seasons? The demand for sanitizing wipes could potentially increase during the flu season, which typically occurs in the late autumn and winter months.
2. If my product is not affected by seasonal demand, how would my company dispose of excess inventory due to a forecasting mistake? My company would need to have a plan in place to manage excess inventory, such as liquidating excess inventory through promotions, donating inventory to non-profit organizations, or selling excess inventory to other retailers.
3. Demand forecasting constraints that exist within the supply chain of my product include accurate forecasting of demand fluctuations, which can be difficult in a rapidly changing market, and the need to balance a short lead time with accurate demand forecasting to ensure timely and optimal response to changing demand. Additionally, the need for accurate forecasting of raw material and packaging supply to meet demand can also be a constraint, particularly in a tight or volatile supply chain market.
nployee Benefits and Compensation Jan22 Y3 S2 Gcobani is a sales consultant at Future Technologies. In addition to a basic salary and commission, Future Technologies also provides him with disability insurance, life insurance and contributes 50% towards his medical aid. The disability insurance, life insurance and 50% contribution towards medical aid are examples of A. Direct financial compensation B. Indirect financial compensation C. Non-financial compensation D. Mandatory financial compensation
The disability insurance, life insurance, and the 50% contribution towards medical aid provided by Future Technologies to Gcobani are examples of B. Indirect financial compensation. Indirect financial compensation refers to the benefits and perks that employees receive in addition to their basic salary and commission. These benefits have financial value and contribute to the overall compensation package but are not directly received as cash.
Disability insurance protects Gcobani financially in the event he becomes disabled and is unable to work, providing him with a source of income. Life insurance ensures that in the unfortunate event of his death, his beneficiaries will receive a payout. The 50% contribution towards medical aid helps Gcobani cover a portion of his medical expenses, reducing his out-of-pocket costs.
While these benefits provide financial security and enhance Gcobani's overall compensation, they do not involve direct cash payments. Therefore, they fall under the category of indirect financial compensation, which is an essential component of employee rewards programs aimed at attracting and retaining talent.
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Company A prepares monthly financial statements. On its balance sheet as of December 31, 2021. Company A reported that Wages Payable had a balance of $855. During January 2022, the following events occurred:
• January 11th,2022: Paid wages of $5,240 to employees. $855 of
these wages paid were for work done in December 2021.
• January 25th, 2022: Paid wages of $16,871 to employees for work
completed January 12th – January 25th, 2022.
Assume accrued wages at the end of January 2022 were $1,055. What is the amount of total Wage Expense that Company A should record on its income statement for the month ended 1/31/2022?
a. $16,871 b. $21,256 c. $22,111 d. $22,311 e. $23,166
The answer is $22,311
Wages payable...............................$855
Wages expense...........................$4,385
Cash.................................................................$5,240
Wages Expense...........................$16,871
Cash................................................................$16,871
Wages Expense...........................$1,055
Wages Payable.........................................$1,055
I am confused about the part where Wages payable of $855 and wages expense of $4,385 are debited and cash of $5240 is credited. How are wages payable debited when it has a normal credit balance?
The Wages Payable account is debited with a balance of $4,385. The Wages Payable account will increase as a result of the accrued wages at the end of January 2022.
This balance should be credited when paid later, reducing the balance in the account. When employees work but have not yet been paid, Wages Payable is used to record this. Hence, it is a liability account that has a credit balance. The credit entry will be posted to the Cash account for $5,240, while the debit entry will be posted to the Wages Expense account for $4,385. The difference between the two is the quantity paid for work performed in December but not paid until January, which is $855.
This means that the balance in the Wages Payable account has been paid in full, and no further payments are required. On the other hand, when employees are paid for their work in January, the Wages Expense account is debited, and the Cash account is credited. The Wages Expense account is debited for $16,871, and the Cash account is credited for the same amount. Finally, Wages Payable is debited for $1,055 and credited for the same amount when accrued wages for January are paid at a later date. Thus, the amount of total Wage Expense that Company A should record on its income statement for the month ended 1/31/2022 is $22,311.
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Lens Co manufactures lenses for use by a wide range of commercial customers. The company has two divisional manager who has overall responsibility for all aspect of running their division and the divisions are currently treated as investment centres. Each manager, however, has an authorization limit divisions the photographic division (P) and the optometry division (O). Each of the division is run by a of GHe 15,000 per item for capital expenditure and any item costing more than this must first be approved by head office. During the year, head office made a decision to sell a large amount of the equipment in division P and replace it with more technologically advanced equipment. It also decided to close one of Division O's factories in a country deemed to be politically unstable with the intention of opening a new factory elsewhere in the following year. Both divisions trade with overseas customers choosing to provide these customers with 60 days credit to encourage sales. Due to difference in exchange rates between the time of invoicing the customers and receiving the payment 60 days later, exchange gains and loses often occur. The cost of capital for Lens Co is 12% per annum. The following data relates to the year ended 30 November 20X6 Revenue Gains on sale of equipment Direct labour Direct material Divisional overheads Trading profit Exchange gain/(loss) Exceptional costs for factory closure Allocated head office costs Net divisional profit Depreciation on uncontrollable assets Included in divisional overhead Division P GHC 000 14,000 400 14,400 (2,400) (4,800) (3.800) 3,400 (200) (680) 2.520 320 Page 3 of 5 Division O GHC 000 18,800 18,800 (3,500) (6,500) (5,200) 3,600 460 (1,800) (1,040) 1,220 (Total 15 marks) 460 Division P GHc 000 Non-current assets controlled by the division No-current assets controlled by head office Inventories Trade receivables Overdraft Trade payables 15,400 3,600 1,800 6,200 500 5,100 Division O GHC 000 20,700 5,200 3,900 8,900 7,200 To date, managers have been paid a bonus based on return on investment (ROI) achieved by their division. However, the company is considering whether residual income would be a better method. a. Calculate the return on investment (ROI) for each division for the year ended 30 November 20X6. ensuring that the basis of the calculation makes it a suitable measure for assessing the divisional manager's performance. (4 b. Explain why you have included or excluded certain items in calculating the ROI in question (a) above, stating any assumptions you have made. (4marks) c. Briefly discuss whether it is appropriate to treat each of the division of Lens Co as investment centres. d. Discuss the problems involve in using ROI to measure the managers performance. (4marks) (3marks) (15 marks)
Calculation of return on investment (ROI) for each division for the year ended 30 November 20X6:Return on investment (ROI) = Trading profit / Investment * 100 Division P = 2520 / (15,400 + 3,600 + 1,800 + 6,200 - 500 - 5,100) * 100 = 13.75%Division O = 1220 / (20,700 + 5,200 + 3,900 + 8,900 - 7,200) * 100 = 6.13%b.
The appropriateness of treating each division of Lens Co as investment centres is dependent on the nature of the business operations. Investment centres are entities whose managers are responsible for their revenues, costs, and invested capital.
Therefore, it is appropriate to treat each division of Lens Co as investment centres.d. The problems associated with using ROI as a measure of manager performance are as follows:ROI does not account for changes in capital or investment over time. ROI can be manipulated by managers by either delaying investments or divesting assets to boost the ROI.
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