Answer: Teamwork is important for organizations, especially in today’s highly digital world. Studies show that organizations that emphasize teamwork innovate faster, see mistakes more quickly, find better solutions to problems, and attain higher productivity.
Improving teamwork aims to increase productivity and performance for the benefit of the organization. For example, salespeople thrive on healthy competition, but they close more deals, and the organization benefits when they work as a team.
Explanation:
Teamwork is essential because it maintains an enjoyable work environment
Teamwork builds strong employee relationships because the more employees work close to each other, the more they get to know each other and develop a liking for each other. The more they work together, the more they learn and learn to live with each other’s likes, dislikes, strengths, and weaknesses. When they work together for a long time, the team naturally becomes more collaborative, and this leads to a more enjoyable work environment for everyone. A pleasant work environment leads to higher productivity, and this helps organizations realize their goals quickly.
Docket’s meeting management software improves collaboration by keeping team members informed and aligned. A free trial starts here.
Another importance of working together as a team is that it Increases work efficiency
Statistics show that employees who work as a team accomplish tasks faster and much more efficiently than those who work individually. Working as a team on different assignments minimizes workloads for all employees by sharing ideas and responsibilities. Employees, especially salespeople, have a lot of pressure to meet sales goals in a shorter time scale. Teamwork is important because it enables your team to share ideas and responsibilities, which helps reduce stress on everyone, allowing them to be meticulous and thorough when completing tasks. This will enable them to meet sales goals quickly.
Teamwork increases learning opportunities
Employees in an organization differ in terms of the level of work experience, expertise, and skills they possess. Collaboration enables these employees to interact with each other in a project. This interaction is a great learning opportunity for new employees because they can acquire skills they didn’t have from more experienced employees. Also, more experienced employees can get fresh and innovative ideas from new employees. Also, the importance of teamwork in business is that it allows new and more experienced employees to challenge each other’s ideas and ways of doing things to come up with an agreeable, effective solution that helps employees complete the tasks at hand.
Teamwork leads to increased accountability
Employees who work individually are likely to experience low morale and be less accountable. With teamwork, no member wants to let others down, and therefore confidence is maintained. Also, working as a team makes every employee accountable, especially if they are working with experienced, respected employees who have a reputation for hard work and accountability. Organizations can benefit significantly from teamwork because employees will complete projects ahead of the deadline due to increased productivity and efficiency.
:
a.
Which of the following environmental justice policies would the Environmental Protection Agency be least interested in
and able to support?
fair treatment
b. legal policies
C. social justice
d. corrective justice
Please select the best answer from the choices provided
B
Оооо
D
Answer:
C
Explanation:
EDGE
Explain briefly the role, responsibilities, and required background of the production designer of a film.
Answer:
Production designers are responsible for creating and managing the visual aspects of a film.
Explanation:
I hope its helpful for you.
Please mark as brainliest.
Answer:
The role of a production designer is essential in constructing a film. Production designers are responsible for making the director's vision come to life. They also bring multiple years of film production and design experience to the table.
THAT'S WHAT I PUT AND GOT 100%
The predetermined manufacturing overhead rate is $10.00 per direct labor hour ($16.00 ÷ 1.6). It was computed from a master manufacturing overhead budget based on normal production of 8,000 direct labor hours (5,000 units) for the month. The master budget showed total variable costs of $60,000 ($7.50 per hour) and total fixed overhead costs of $20,000 ($2.50 per hour). The actual costs for October in producing 4,800 units were as follows.
Direct materials (5,100 pounds) $ 36,720
Direct labor (7,400 hours) 92,500
Variable overhead 59,700
Fixed overhead 21,000
Total manufacturing costs $209,920
The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored.
a. Compute all of the materials and labor variances. (Round answers to 0 decimal places, e.g. 125.)
b. Compute the total overhead variance.
help with Business Assignment term 3 grade 12
Answer:
¿Do you have a screenshot or the question oppositions?
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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How can parties that have unequal bargaining power negotiate meaningfully, without one party taking advantage of the other?
Answer:
Negotiation is a technique of Alternative Dispute Resolution (ADR) which retains power to decide the disagreement to the parties included.
Explanation:
Inequality or unequal bargaining power take place when the provisions/terms of a contract are unjust, unreasonable, and unfair. Negotiation between 2 parties with unequal bargaining power can lead to the stronger party being oppressive at the time of negotiation with the other party having weaker bargaining power which results in unfair consequences for the weaker party.
To ensure such unfairness does not take place to the weaker party, the alternate remedy is approaching the law. The law does not consent the noticeably unfair use by the stronger party of its advantage in the bargaining power, and would intervene by modifying or setting aside the contract to reinstate equity in negotiation between the parties.
Describe the process you will use to manage your career readiness.
Answer:
My career is my Very own Butt
The political candidates keep talking to the citizens about the possibility of a recession what would most likely happen if a country experience a recession
The thing that would MOST likely happen in this case if a country experiences a recession is D.Businesses will suffer from decreased sales and profits, eventually leading to closure
What is recession ?Recession, in economics, can be described as the downward trend in the business cycle.
Itshouldbe nopted that this can be seen as the decline in production and employment, whereby the incomes and spending of households to decline and as a result of thisthere would be hunger sa well as hardship in the country for this cause.
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missig part
What would MOST likely happen if a country experiences a recession?
A.
Feeling confident in the economy, people will begin to spend money more freely.
B.
Jobs will be more plentiful, and companies will be doing a lot of hiring.
C.
Families will start to purchase larger and more expensive homes.
D.
Businesses will suffer from decreased sales and profits, eventually leading to
The best way to calculate simple interest is to:
O A. divide the interest rate by the length of the loan and then subtract
the monthly payment.
O B. multiply the amount borrowed by the compound interest rate.
O C. multiply the amount borrowed by the interest rate and by the
length of the loan.
O D. subtract the compounded interest from the amount borrowed.
Answer:
The answer is C
Explanation:
It's C because the formula for simple interest is PRT/100 in which the amount borrowed is the P, the R is the interest rate and the T is the length of the loan you multiply all that and divide by 100 which was however not mentioned in the statement but rest assured that is the correct answer
in a 3 - 4 page essay, discuss warren Buffett's approach to business dealings, especially as they relate to business ethics.
Compare that approach to Benie Madoff's.
Apply ethical philosophies that you have learned about in this module and state which you think apply to Mr. Buffett.
Which ethical philosophies apply to Mr. Madoff? Why?
In this essay, we explore Warren Buffett's ethical approach to business, compare it to Bernie Madoff's, and analyze the applicable ethical philosophies for each.
Here are the steps to be followed:
1. Introduction:
2. Warren Buffett's Approach to Business Dealings and Business Ethics:
Explain Warren Buffett's overall approach to business dealings.Discuss his stance on business ethics, emphasizing any specific principles or values he adheres to.Provide examples or case studies that demonstrate Buffett's ethical decision-making in his business practices.Discuss the impact of his ethical approach on his reputation and long-term success.3. Bernie Madoff's Approach to Business Dealings and Comparison to Buffett:
Describe Bernie Madoff's approach to business dealings, specifically in relation to ethics.Highlight any unethical practices or actions committed by Madoff, such as his infamous Ponzi scheme.Compare and contrast Madoff's approach to Buffett's approach, pointing out the key differences in their ethical standards and behaviors.Discuss the consequences of Madoff's unethical actions, including the financial losses and damage to investors.4. Application of Ethical Philosophies to Warren Buffett:
Introduce the ethical philosophies that you have learned in the module.Identify which ethical philosophies apply to Warren Buffett based on his approach to business dealings.Explain why you believe these philosophies are applicable and provide supporting evidence or examples from Buffett's actions or statements.Discuss the implications and benefits of Buffett aligning with these ethical philosophies.5. Ethical Philosophies Applicable to Bernie Madoff and Reasons:
Analyze the ethical philosophies that can be applied to Bernie Madoff's actions.Discuss which ethical philosophies are relevant to understanding Madoff's unethical behavior.Provide justifications and explanations for the selected ethical philosophies, considering how they align with Madoff's actions or motivations.Reflect on the consequences of Madoff's departure from ethical principles.6. Conclusion:
Summarize the key points discussed in the essay regarding Warren Buffett's approach to business dealings and ethics, as well as the comparison to Bernie Madoff.Emphasize the importance of ethical decision-making in business and the long-term implications it can have.Offer any final thoughts or insights on the topic.Remember to support your arguments with evidence, examples, and references to credible sources. Properly cite any sources used in your essay according to the appropriate citation style.
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You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. College Computers is not the only firm that builds computers to meet this university’s specifications; indeed, it competes with many manufacturers online and through traditional retail outlets. To attract its large student clientele, College Computers runs a weekly ad in the student paper advertising its “free service after the sale” policy in an attempt to differentiate itself from the competition. The weekly demand for computers produced by College Computers is given by Q = 1,400 − 4P, and its weekly cost of producing computers is C(Q) = 1,200 + 2Q2.
If other firms in the industry sell PCs at $300, what quantity and price of computers should you produce to maximize your firm’s profits?
Instructions: Round your response to the nearest whole number.
Quantity: _____ computers
Instructions: Round your response to the nearest penny (two decimal places).
Price: $_____
What long-run adjustments should you anticipate?
multiple choice
Entry by other firms along with increased profits.
Exit by other firms along with decreased profits.
Entry by other firms, reducing your profits.
Exit by other firms, increasing your profits.
The quantity and the price of computers that should be produced to maximize the firm’s profits are 78 units and 330.50 respectively.
The weekly demand for computers is given as: Q = 1,400 − 4P
Therefore, the inverse weekly demand for computers will be: P = 350 - 0.25Q
The total revenue will be gotten by multiplying the price and quantity. This will be: TR = (350 - 0.25Q)Q = 350Q - 0.25Q²
Therefore, marginal revenue will be:
MR = 350 - 0.5Q
The weekly cost of producing computers is C(Q) = 1,200 + 2Q² Therefore, the marginal cost will be:
MC = 4Q
The profit maximizing condition will be:
MR = MC
350 - 0.5Q = 4Q
4.5Q = 350
Q = 77.78 = 80 approximately
The quantity produced should be 80 units.
Since P = 350 - 0.25Q
P = 350 - 0.25(78)
P = 350 - 19.50
P = 330.50
The price is 330.50
Therefore, the long-run adjustment that should be anticipated is the entry by other firms, reducing your profits.
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A family spends $56,000 a year for living
expenses. If prices increase 5 percent a
year for the next four years, what amount
will the family need for their annual living
expenses after four years?
If a family spends $56,000 a year for living expenses. If prices increase 5 percent a year for the next four years, the amount that the family need for their annual living expenses after four years is $68,068.35.
Annual living expensesUsing this formula
Amount=Amount spent× (1+ rate)^ Number of years
Let plug in the formula
Amount=$56,000× (1+0.05)^4
Amount=$56,000× (1.05)^4
Amount=$68,068.35
Therefore If a family spends $56,000 a year for living expenses. If prices increase 5 percent a year for the next four years, the amount that the family need for their annual living expenses after four years is $68,068.35.
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Question 49
A producer may share commission with
O the underwriter of the insurance company
O another licensed but unappointed producer
O the insured to offset a portion of the premium payable
O an unlicensed person who has sold, solicited, or negotiated a policy of insurance
2 of 50 Questions Remaining
The correct answer to question 49 is that a producer may share commission with another licensed but unappointed producer. b is correct answer
A producer may share commission with another licensed but unappointed producer.
In the insurance industry, a producer is an individual or entity that sells, solicits, or negotiates insurance policies. Producers can be insurance agents, brokers, or other licensed professionals authorized to conduct insurance transactions. Commissions are the compensation received by producers for their services in selling insurance policies.
While producers typically earn commissions based on the premiums paid by policyholders, they may also share commissions with other licensed individuals who are not appointed producers. These individuals are usually part of the same agency or brokerage and contribute to the sales process. By sharing commissions, producers can incentivize teamwork, encourage collaboration, and reward the efforts of their colleagues.
It's important to note that sharing commissions with unlicensed individuals who have sold, solicited, or negotiated insurance policies is generally not allowed. Insurance regulations require that only licensed individuals engage in insurance-related activities. Unlicensed individuals do not have the necessary qualifications, training, and legal authorization to participate in the sales process or receive commissions.
The sharing of commissions with the underwriter of the insurance company or the insured to offset a portion of the premium payable is also uncommon. The underwriter is responsible for assessing risk and determining policy terms, while the insured pays premiums to obtain coverage. Commissions are typically allocated to the producer involved in the sale and are not shared with the underwriter or the insured.
Therefore, the correct answer to question 49 is that a producer may share commission with another licensed but unappointed producer.
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Indicate the financial statement on which each of the following items appears. Use I for income statement, E for statement of retained
earnings, and B for balance sheet?
a. Equipment
b. Factory
c. Furniture
d. Haircutting Revenue
e. Insurance Expense
f. Interest Expense
g.
Interest Payable
h. Interest Revenue
i. Janitorial Expense
j. Land
k. Legal Expense
L Note Payable
The following items are indicated in the income statement.
Haircutting RevenueInsurance ExpenseInterest ExpenseInterest PayableInterest RevenueJanitorial ExpenseLegal ExpenseThe correct options are d, e, f, g, h, i, and k.
What is not included in the income statement?Everything below Operating Income is unrelated to the business's ongoing operations, such as ou pas expenses, provision for income taxes (i.e., future taxes), and equity fund activity (profits or losses from minority investments), net of tax.
An income statement summarises a company's revenue, expenses, and profitability over time. It is also known as a profit-and-loss (P&L) or earnings statement. It displays your: revenue from the sale of goods or services. Expenses are incurred in order to generate revenue and manage your business.
Thus, the correct options are d, e, f, g, h, i, and k.
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Q.5 : Match up the following Quality tasks with their purpose
Answer:
Where's the question?
Explanation:
While making a business decision, a manager who believes in rights theories is most likely to focus on achieving collective goals, even if that involves violating fundamental rights. weighing the associated social benefits, costs, and risks. maximizing stockholders' wealth and profits. respecting fundamental human privileges. propagating home-country standards of ethics.
Answer:
respecting fundamental human privileges.
Explanation:
A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.
While making a business decision, a manager who believes in rights theories is most likely to focus on respecting fundamental human privileges that are applicable to the staffs or employees working within an organization, as well as all of its clients or customers.
a US company owns 80% of interest in a company located on Mars. Martian currency is called The Martian credit during the year the parent company sold inventory that had a cost of 24500 to the subsidiary on account for 28,500 when the exchange was 0.519 to the subsidiary still held one half of the inventory and had not paid the parent company for purchase at the end of the physical year. The unsettled account is denominated in dollars the exchange rate at the fiscal year and was 0.4994 compute the amounts that would be reported for inventory and accounts payable in the subsidiary translated balance sheet the entities functional currency is the Martian credit
The amounts reported for inventory and accounts payable on the subsidiary translated balance sheet are 18,619 Martian credits and 14,217 Martian credits, respectively.
A US-based company that has an 80% stake in a Martian company has to report the assets, liabilities, and equity of its subsidiary on its consolidated financial statements in US dollars. The Martian currency is known as the Martian credit. During the year, the parent company sold inventory with a cost of 24500 to the subsidiary on account for 28,500 when the exchange rate was 0.519 to the subsidiary.
One-half of the inventory still belongs to the subsidiary, and at the end of the physical year, the subsidiary had not paid for the purchase.The account that remained unpaid is denominated in dollars, and the exchange rate was 0.4994 at the end of the fiscal year.
The functional currency of the company is Martian credit, and the dollar amount of the balance sheet needs to be translated into the Martian currency. In order to calculate the inventory and accounts payable, we will use the current rate method. The first step in the calculation is to find the closing rate of the Martian credit to the US dollar.Exchange rate at the fiscal year-end: $1 = 0.4994
Martian creditThe amount reported for inventory on the subsidiary translated balance sheet can be calculated as follows:
Beginning inventory: 12,250 (since the subsidiary still holds one half of the inventory)
Cost of inventory sold to the subsidiary: 24,500
Closing rate of the Martian credit to the US dollar: 0.4994
Martian credit reported inventory = (12,250 + 24,500) × 0.4994 = 18,619
Martian credits The amount reported for accounts payable on the subsidiary translated balance sheet can be calculated as follows:
Beginning accounts payable: 0Amount owed to parent company: 28,500
Closing rate of the Martian credit to the US dollar: 0.4994
Martian credit reported accounts payable = (0 + 28,500) × 0.4994 = 14,217 Martian credits
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U.S. Treasury issues three types of Treasury securities: Treasury bills (T-bills), Treasury notes (T-notes), and Treasury bonds (T-bonds). The time to maturity (TTM) of T-bills is 12-month or less than 12-month. The TTM of T-notes is between 1 year and 10 years. The TTM of T-bonds is longer than 10 years. Which one(s) (T-bills, T-notes, or T-bonds) belong to the money market instrument(s)? Which one(s) belong to the capital market instrument(s)? If you would like to buy Treasury securities, which one(s) would you purchase? Explain why?
Answer:
Treasury bills (T-bills) are short-term money market instruments issued by the government to raise short-term funds. They are issued for terms of less than a year and are sold at a discount from their face value. T-bills have maturities of 4, 8, 13, 26, and 52 weeks. Therefore, T-bills belong to the money market instrument(s).
Treasury notes (T-notes) are issued with maturities from two to 10 years and pay interest semi-annually. Therefore, T-notes belong to the capital market instrument(s).
Treasury bonds (T-bonds) are long-term investments that have maturities of 10 to 30 years and also pay interest semi-annually. Therefore, T-bonds belong to the capital market instrument(s).
If you would like to buy Treasury securities, it depends on your investment goals. If you want a short-term investment with low risk and low return, you can consider buying T-bills. If you want a medium-term investment with moderate risk and moderate return, you can consider buying T-notes. If you want a long-term investment with high risk and high return, you can consider buying T-bonds.
Explanation:
I hope this helps
Hernando lives in a county where everyone pays the same amount of taxes no matter their income. Which type of tax system is Her
MOST likely using?
Answer: Proportional Tax System
Explanation:
Hernando's country is using proportional tax system or Flat tax system.
What is proportional tax system?Everyone pays the same tax rate under proportional taxes, regardless of income. Since everyone pays the same rate, regardless of their income, sales taxes are considered proportional regressive taxes.
No matter their wealth or income, everyone pays the same amount of tax under a proportionate or flat tax system. This approach aims to achieve parity between the average tax rate paid and the marginal tax rate.
Because there is no tax penalty for earning more money, proponents of proportional taxation contend that they promote the economy by motivating people to work harder. Additionally, they think that firms would be more willing to invest and spend money under a flat tax structure, boosting the economy.
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QUESTION TWO HEEKS Associates Co. Ltd is considering investing in one of two proposed short-term portfolios of four short-term financial investments. The correlation between the returns of the individual investments is believed to be negligible in both options proposed. The market return is estimated to be 15%, and the risk-free rate 5%. Portfolio 1 Investment A B C D Portfolio 2 Investment A B C D Amounts invested (TZS) 10,000,000 40,000,000 30,000,000 20,000,000 Amounts invested (TZS) 20,000,000 40,000,000 20,000,000 20,000,000 Expected Total return risk 20% 8 22% 24% 26% Expected return 18% 20% 22% 16% 10 11 9 Total risk 7 9 12 13 Beta 0.7 1.2 1.3 1.4 Beta 0.8 1.1 1.2 1.4 Required: a) Calculate the risk and return of the two portfolios using the principles of both portfolio theory and the CAPM. b) Which portfolio appears to be more efficient?
Portfolio 1: Expected Return 1: 19.6% , Total Risk (σ1): 5.5%
CAPM Expected Return 1: 51%, CAPM Total Risk (σ1): 49.5
Portfolio 2: Expected Return 2: 19.2%, Total Risk (σ2): 4.7%
CAPM Expected Return (E(R2)): 50%, CAPM Total Risk (σ2): 48.1
a) Portfolio Risk and Return Calculation:
Using Portfolio Theory:
For Portfolio 1: Expected Return 1 = (Weight A * Return A) + (Weight B * Return B) + (Weight C * Return C) + (Weight D * Return D) Expected Return (E(R1)) = (0.1 * 18%) + (0.4 * 20%) + (0.3 * 22%) + (0.2 * 16%)
= 1.8% + 8% + 6.6% + 3.2%
Expected Return 1 = 19.6%
Total Risk (σ1) = √[(Weight A^2 * Risk A^2) + (Weight B^2 * Risk B^2) + (Weight C^2 * Risk C^2) + (Weight D^2 * Risk D^2)] Total Risk (σ1) = √[(0.1^2 * 7^2) + (0.4^2 * 9^2) + (0.3^2 * 12^2) + (0.2^2 * 13^2)]
= √[0.49 + 12.96 + 10.08 + 6.76] Total Risk (σ1) = √30.29
Total Risk (σ1) = 5.5%
For Portfolio 2: Expected Return 2 = (0.2 * 18%) + (0.4 * 20%) + (0.2 * 22%) + (0.2 * 16%)
= 3.6% + 8% + 4.4% + 3.2%
Expected Return 2 = 19.2%
Total Risk (σ2) = √[(0.2^2 * 7^2) + (0.4^2 * 9^2) + (0.2^2 * 12^2) + (0.2^2 * 13^2)]
= √[0.98 + 12.96 + 2.88 + 5.32] = √22.14
Total Risk (σ2) = 4.7%
Using CAPM:
For Portfolio 1: Expected Return 1 = Risk-Free Rate + (Beta A * Market Risk Premium) + (Beta B * Market Risk Premium) + (Beta C * Market Risk Premium) + (Beta D * Market Risk Premium) Expected Return (E(R1))
= 5% + (0.7 * (15% - 5%)) + (1.2 * (15% - 5%)) + (1.3 * (15% - 5%)) + (1.4 * (15% - 5%))
= 5% + (0.7 * 10%) + (1.2 * 10%) + (1.3 * 10%) + (1.4 * 10%)
= 5% + 7% + 12% + 13% + 14%
Expected Return 1 = 51%
Total Risk (σ1) = Beta-Weighted Standard Deviation = (Beta A * Risk A) + (Beta B * Risk B) + (Beta C * Risk C) + (Beta D * Risk D)
= (0.7 * 7) + (1.2 * 9) + (1.3 * 12) + (1.4 * 13)
= 4.9 + 10.8 + 15.6 + 18.2
Total Risk (σ1) = 49.5
For Portfolio 2: Expected Return 2 = 5% + (0.8 * (15% - 5%)) + (1.1 * (15% - 5%)) + (1.2 * (15% - 5%)) + (1.4 * (15% - 5%))
= 5% + (0.8 * 10%) + (1.1 * 10%) + (1.2 * 10%) + (1.4 * 10%)
= 5% + 8% + 11% + 12% + 14%
Expected Return 2 = 50%
Total Risk (σ2) = (0.8 * 7) + (1.1 * 9) + (1.2 * 12) + (1.4 * 13)
= 5.6 + 9.9 + 14.4 + 18.2
Total Risk (σ2) = 48.1
Based on these metrics, Portfolio 2 appears to be more efficient since it has a slightly lower total risk while still offering a high expected return.
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operations management course concept
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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Teamwork Skills
And what you can learn from it
In in skill In
life
Lindon Company is the exclusive distributor for an automotive product that sells for $34.00 per unit and has a CM ratio of 30%. The company’s fixed expenses are $193,800 per year. The company plans to sell 21,600 units this year. Required: 1. What are the variable expenses per unit? (Round your "per unit" answer to 2 decimal places.) 2. What is the break-even point in unit sales and in dollar sales? 3. What amount of unit sales and dollar sales is required to attain a target profit of $91,800 per year? 4. Assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.40 per unit. What is the company’s new break-even point in unit sales and in dollar sales? What dollar sales is required to attain a target profit of $91,800?
Answer:
1. $23.80
2. Break even Point (units) = 19,000 units and Break even Point (dollars) = $646,000
3. Unit sales to attain a target profit = 28,000 units and Dollar sales to attain a target profit = $952,000
4. Break even Point (units) = 28,500 units, Break even Point (dollars) = $969,000 and Dollar sales to attain a target profit = $1,428,000.
Explanation:
Variable Cost % = 100% - 30%
= 70%
Thus, variable expenses per unit = $34.00 × 70%
= $23.80
Break even Point is the level of activity where a firm makes neither a profit nor a loss.
Break even Point (units) = Fixed Cost / Contribution per unit
= $193,800 / ($34.00 ×30%)
= $193,800 / $10.20
= 19,000 units
Break even Point (dollars) = Fixed Cost / CM Ratio
= $193,800 / 0.30
= $646,000
Unit sales to attain a target profit = (Fixed Cost + Target Profit) / Contribution per unit
= ($193,800 + $91,800) / $10.20
= 28,000
Dollar sales to attain a target profit = (Fixed Cost + Target Profit) / CM Ratio
= ($193,800 + $91,800) / 0.30
= $952,000
When variable expenses reduce by $3.40 per unit.
Break even Point (units) = Fixed Cost / Contribution per unit
= $193,800 / ($34.00 - $23.80 - $3.40 )
= $193,800 / $6.80
= 28,500 units
Break even Point (dollars) = Fixed Cost / CM Ratio
= $193,800 / ($6.80/ $34.00)
= $969,000
Dollar sales to attain a target profit = (Fixed Cost + Target Profit) / CM Ratio
= ($193,800 + $91,800) / 0.20
= $1,428,000
For every dollar that you deposit into a bank, the bank will tend to:_________.
a) keep a portion of it and lend out the rest.
b) keep every penny as vault cash since it is such a small amount.
c) lend out every penny since almost all transactions are digital.
Answer:
The answer is A.
Explanation:
This system is known as Fractional Reserve Banking.
Fractional Reserve Banking is a banking system which allow banks to hold a fraction their customers' deposit as reserves. The rest not kept as reserves are used to make loans, thereby creating new money.
Central banks announce reserve requirements which banks within the jurisdiction must comply with.
3 factors that caused human trafficking
Answer:
Mass eviction, war, extreme poverty, a lack of access to education and work prospects, violence, and destructive societal norms such as child marriage are all elements that drive people into trafficking situations.
Explanation:
In which situation would a certificate of deposit (CD) be the best banking choice?
A. Samuel is setting money aside but still needs emergency access to it.
B. Hafsa wants a guaranteed return, and won’t need the money for several years.
C. Darren is looking for an investment that has a very high interest rate.
D. Raj is looking for an investment with a fast return so he can reinvest.
In this situation a certificate of deposit (CD) would be the best banking choice is Darren is looking for an investment that has a very high interest rate.
In the best banking choice, if you want a safe investment with a higher interest rate than a regular savings account.
A certificate of deposit is issued t a discount given at face value. It is similar to an FD, certificate of deposit aims to denote in writing that you have deposited money in the bank for a fixed period and the bank would pay you interest- based on the amount and the period of your deposit.
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The four-firm concentration ratio of the aircraft industry is over 80 percent. Most economists would consider this industry an oligopoly.
a) true
b) false
Answer:
true
Explanation:
It is true that the four-firm concentration ratio of the aircraft industry is over 80 percent. Most economists would consider this industry an oligopoly.
What is oligopoly?An oligopoly is a market structure in which a few firms dominate the market, often due to high entry barriers.
The statement "The four-firm concentration ratio of the aircraft industry is over 80%" is supported by data.
According to the US Department of Justice, the four-firm concentration ratio for the US aircraft industry was 85.6% in 2017, implying that the top four firms accounted for more than 85% of market share.
This level of concentration is typically associated with an oligopoly, a market structure in which a few large firms dominate the industry.
Thus, the statement "Most economists would consider this industry to be an oligopoly" is true.
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In alphabetical order below are balance sheet items for Karol Company at December 31, 2022.
Some contents of a balance sheet are:
Accounts payableAccounts receivableCashCommon stockRetained earnings, etc.What is a Balance Sheet?This refers to the financial statements that make a report on a company's assets and liabilities and their shareholder equity.
The uses of a balance sheet are:
To explain the financial position of a company at a particular timeTo evaluate a businessTo identify possible issuance of dividends.Please note that your question is incomplete so I gave you a general overview of what a balance sheet is, its contents and other relevant information.
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Procuring a career is a
A. medium-range expectation
B. last step
C. lifetime process
Answer:
lifetime process
Explanation:
tell me the HCF of 18 and 48
Answer:
6
Explanation: