Quality is somewhat subjective because it is dependent on the consumer's viewpoint of quality. To me, the term "quality" implies providing products or services that surpass the customer's expectations in terms of their preferences, value, and overall satisfaction.
A quality hotel or travel product should be able to provide its guests with everything they require while still exceeding their expectations. This might include the following characteristics:Cleanliness and maintenance: A quality hotel or travel product should be clean and well-maintained to guarantee the comfort and safety of its guests. Rooms, bathrooms, and common areas must be kept clean, and any necessary repairs must be completed promptly. Excellent customer service: A quality hotel or travel product must have a well-trained and professional staff that is available to answer any questions or concerns that guests may have. The staff should be courteous and attentive while also providing personalized service that meets guests' individual needs. Comfort and amenities: A quality hotel or travel product should provide guests with comfortable and well-equipped rooms that include essential amenities such as bedding, towels, and toiletries. It should also have additional amenities such as free Wi-Fi, breakfast, and other facilities that will improve guests' overall experience.Among the hotel chains, Marriott International and Hilton Worldwide are the two most popular. They have a range of quality standards that they enforce to ensure that their guests have a pleasant stay. Below are the standards they implement to maintain quality:Marriott International: Marriott International has set up the following four standards to ensure the quality of its services: Employee Training: Marriott International puts a lot of effort into training its staff to meet the brand's standards. Commitment to Cleanliness: Marriott International is dedicated to keeping their hotels clean and tidy. Product Consistency: Marriott International focuses on creating a consistent product, which means that regardless of which Marriott hotel you visit, the quality of the product will be the same. Guest Experience: Marriott International strives to provide its guests with a pleasant and memorable experience during their stay. Hilton Worldwide: Hilton Worldwide has the following five standards to ensure quality: Quality Assurance: Hilton's Quality Assurance program aims to improve the consistency of quality across all Hilton hotels. Training and Development: Hilton invests heavily in staff training and development. Cleanliness and Maintenance: Hilton places a high priority on cleanliness and maintenance to ensure that guests have a comfortable and safe stay. Guest Satisfaction: Hilton prioritizes guest satisfaction and uses guest feedback to improve its services. Food and Beverage Quality: Hilton places a lot of importance on food and beverage quality.To ensure guest satisfaction, some of the quality standards that Jackie's hotel could implement include: Room cleanliness and maintenance: To ensure guest safety and comfort, Jackie's hotel should implement strict cleanliness and maintenance standards for all guest rooms. Staff Training: Jackie's hotel should invest in staff training to ensure that its staff is knowledgeable, courteous, and can provide personalized service to guests. Amenities: Jackie's hotel should provide guests with a variety of amenities to enhance their stay. This might include free Wi-Fi, breakfast, and access to facilities like a swimming pool or gym. Guest Feedback: Jackie's hotel should encourage guest feedback and use it to improve its services and facilities.
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A select list of transactions for Anuradha's Goals follows:
(Click the icon to view the transactions. )
For each transaction, identify what type of adjusting entry would be needed. Select from the following four types of adjusting entries: deferred expense, deferred revenue, accrued expense, and accrued revenue
Apr. 1 Paid six months of rent, $4,800.
Received $1,200 from customer for six month service contract that began 10
April 1.
15 Purchased a computer for $1,000.
18 Purchased $300 of office supplies on account
30 Work performed but not yet billed to customer, $500
30 Employees earned $600 in salaries that will be paid May 2. Accrued expense Accrued revenue Deferred expense Deferred revenue
As per select list of transactions for Anuradha's Goals, For each transaction, identify type of adjusting entry would be needed as follows-
Identifying Required Customization Entries:
Transaction Adjustment Entry Type
April 1 paid $4,800 for 6 months' rent. deferred expenses
Apr 10 Received $1,200 from a customer as deferred revenue.
6 months service contract starting April 1st.
April 15, I bought a computer for $1,000. deferred expenses
April 18 Purchased office worth $300
Delivery on account. accrued expenses.
April 30 Work done, but not yet
bill customer, accrued sales $500 accrued expenses.
April 30 employees earned $600 in accrued expenses.
the salary was paid on May 2nd.
Four types of adjustment entries:
A goal's deferred costs relate to costs that the goal will incur in a future period but have already been paid.
Goal deferred revenue includes revenue received prior to delivery.
Target Accrued Expenses refers to expenses incurred but not yet paid.
Target accrued revenue includes revenue earned but not yet received.
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in the service industry, the crucial moment that exemplifies, enhances, or detracts from the customer’s expectations is called __________.
In the service industry, the crucial moment that exemplifies, enhances, or detracts from the customer’s expectations is called the "moment of truth."
In the service industry, the "moment of truth" is a key concept. It's that crucial moment when a customer interacts with a company and makes judgments about the quality of service provided. It's that single moment when the customer makes a judgement about whether the business provides great service or falls short of expectations. During this "moment of truth," the customer's expectations are either met or exceeded, or they are not. It is during this time that the customer decides whether to continue doing business with a company or to seek out a competitor. The "moment of truth" is a vital aspect of customer satisfaction, customer service, and customer retention, and it may occur at any point during the customer experience. Thus, the main answer to this question is "moment of truth."
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A warrant is of huge benefit to the company when the stock rises far above the exercise price.
True
False
True. A warrant gives the holder the right to buy the company's stock at a fixed exercise price. When the stock price rises above the exercise price, the warrant holder can exercise their right to buy the stock at a lower price and then sell it on the market for a profit.
This can be a significant benefit to the company as it can attract more investors and increase demand for the stock. A warrant is of huge benefit to the company when the stock rises far above the exercise price. True. When a warrant's exercise price is significantly lower than the stock price, the warrant holder can purchase the stock at the lower exercise price and sell it at the higher market price, making a profit. This can be beneficial to the company, as it can potentially lead to an increase in funds raised from the exercise of the warrants.
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Laramie Trucking's CEO is considering a change to the company's capital structure, which currently consists of 25% debt and 75% equity. The CFO believes the firm should use more debt, but the CEO is reluctant to increase the debt ratio. The risk-free rate, r RF, is 5.0%, the market risk premium, RP M, is 6.0%, and the firm's tax rate is 25%. Currently, the cost of equity, r s, is 11.5% as determined by the CAPM. What would be the estimated cost of equity if the firm used 60% debt? (Hint: You must first find the current beta and then the unlevered beta to solve the problem.)
Answer:
17.74%
Explanation:
Calculation to determine What would be the estimated cost of equity
First step is to calculate the Original beta using this formula
Original beta = (rs-rRf)/ RPM
Let plug in the formula
Original beta = 11.5%- 5%
Original beta = 6.5%/ 6%
Original beta = 1.083
Second step is to calculate original D/E using this formula
original D/E= D/A / (1-D/A)
Let plug in the formula
original D/E = .25/ (1-.25%)
original D/E = .333
Third step is to calculate Unlevered Beta using this formula
Unlevered Beta= Bu = Bl / 1+((1- Tax rate) x (D/E)
Let plug in the formula
Unlevered Beta= 1.083/1+((1-.25) x .333
(D/E) =1.083/1+(0.75*.333)
(D/E) =1.083/1+.24975
(D/E) =1.083/1.24975
(D/E)=0.87
Fourth Step is to calculate the Target D/e
Target D/e = .6/.25
Target D/e = 2.4
Fifth step is to calculate the New Beta using this formula
New Beta = bu* (1+(D/E)(1- tax rate)
Let plug in the formula
New Beta= .87 *(1+(2.4)*(.6)
New Beta= .87 *(1+1.44)
New Beta= .87 *2.44
New Beta=2.1228
Now let calculate the estimated cost of equity using this formula
rs = rRF + new beta (RPm)
Let plug in the formula
rs= 5% + 2.1228*6
rs= 17.74%
Therefore the estimated cost of equity will be 17.74%
long-term cash can come from seasonal business credit terms and short-term bank loans.
Long-term cash can be generated through seasonal business credit terms and short-term bank loans.
Seasonal business credit terms can contribute to long-term cash generation by allowing businesses to extend payment terms for their customers during specific seasons or periods of increased demand. This arrangement provides customers with more flexibility in paying for products or services, potentially increasing sales and cash flow for the business. By offering favorable credit terms, businesses can attract more customers and maintain a steady stream of income throughout the year.
Additionally, short-term bank loans can serve as another source of long-term cash. These loans provide businesses with the necessary funds to cover immediate expenses or investments while allowing for repayment over an extended period. By leveraging short-term bank loans strategically, businesses can manage their cash flow effectively, meet financial obligations, and fund growth initiatives. However, it's important for businesses to carefully consider the terms and interest rates associated with bank loans to ensure they can comfortably meet repayment obligations and avoid excessive debt burdens.
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Bugle, a weekly magazine, publishes the unreleased and copyrighted pictures of popular celebrities without the consent of the copyright owners. In this scenario, Bugle is:
In this scenario, Bugle, a weekly magazine, is engaged in copyright infringement.
By publishing unreleased and copyrighted pictures of popular celebrities without the consent of the copyright owners, Bugle is violating the exclusive rights granted to the copyright holders. These rights typically include the right to reproduce, distribute, and display the copyrighted work.
In order for Bugle to legally use the images, they would need to obtain permission from the copyright owners, typically through a license agreement or by purchasing the rights to the images. If Bugle continues this practice, they may be subject to legal action and potential damages for their unauthorized use of the copyrighted material.
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leisure lodge corporation is expected to pay the following dividends over the next four years: $20.00, $15.00, $7.80 and $3.10. afterwards, the company pledges to maintain a constant 6 percent growth rate in dividends forever. if the required return on the stock is 17 percent, what is the current share price?
Leisure lodge corporation is expected to pay the following dividends over the next four years: $20.00, $15.00, $7.80 and $3.10. afterwards, the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 17 percent, $50.51 is the current share price.
Required return= 17%
Perpetual growth= 6%
Dividend at first year=20
Dividend at second year= 15
Dividend at third year= 7.80
Dividend at fourth year= 3.10
Dividend at fifth year=3.10*1.06 = 3.29
Terminal value at year 4=
Dividend at fifth year/required return-perpetual growth
=3.29/.17-.06
=29.87
Current price= 20/1.17 +15/(1.17)^2 + 7.80/(1.17)^3 +(3.10 + 29.87)/1.174
=17.09 + 10.96 + 4.87 +17.59
=$50.51
How do you find current share price?
The market price per share is used to determine a company's market capitalization, or "market capitalization." To calculate, multiply the company's current share price by the total number of outstanding shares.
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QUESTION 3
A company has the following budgeted data for its first year of operation:
£ Per unit
Direct materials 1.30
Direct labour 1.50
Variable overhead 0.20
Fixed overhead 1.00
(£150,000 / 150,000 units of normal volume)
Total standard factory cost 4.00
Selling price 5.00
Other expenses:
Fixed selling and administration overhead £65,000
Sales commission 5% of sales value
Production and sales in units
Opening stock Nil
Production 170,000
Sales 140,000
REQUIRED
Prepare a budgeted profit statement for the first year of operation using:
i. absorption costing principles (10 marks)
ii. marginal costing principles (10 marks)
(Total 20 marks)
It is easiest to conceptualize strategy by thinking of it as having two fundamental parts, what are they and explain each.
The two fundamental parts of strategy are formulation and implementation.
Formulation: Strategy formulation involves the process of developing a clear and coherent plan of action to achieve an organization's goals and objectives. It includes analyzing the internal and external environment, identifying opportunities and challenges, setting strategic objectives, and formulating a strategic plan. During formulation, organizations assess their strengths, weaknesses, opportunities, and threats (SWOT analysis) to determine the most effective path forward. This stage requires making critical decisions, setting priorities, and allocating resources to align the organization's activities with its overall purpose.
Implementation: Implementation is the execution phase where the formulated strategy is put into action. It involves translating the strategic plan into practical steps, initiatives, and projects. Implementation requires effective leadership, clear communication, coordination, and resource management. This stage encompasses aligning organizational structures, processes, and systems to support the strategy, assigning responsibilities, monitoring progress, and making adjustments as necessary. Successful implementation relies on strong management capabilities, organizational commitment, and the ability to adapt to changing circumstances.
In summary, strategy formulation involves developing a strategic plan, while strategy implementation is the execution of that plan. Both parts are essential for achieving organizational goals and ensuring that the strategy is effectively translated into action.
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What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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you are solving a present value equation using a financial calculator and are given the number of years for compounding. this should be entered as the _____ value on the financial calculator.
When solving a present value equation using a financial calculator, the years for compounding should be entered as the n value on the financial calculator.
This n value from the question tells us is the number of years for compounding. That is also known as the number of periods.
If what the person is calculating is the loan values, then n has to be calculated based on the number of payments.
For example if a person wants to calculate a 12 year loan that that is to be paid monthly,
n would be 12*12 = 144
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asmine plans to attend a four-year public university. she expects she will need to contribute $9,000 annually to her education. which savings plan will help yasmine save enough money to pay for one year of school, regardless of whether or not interest is earned on her savings?$600 per month for 1 year$350 per month for 2 years$225 per
The total savings under this plan amount to $10,800, which is more than the required $9,000 per year.
To determine which savings plan will help Yasmine save enough money to pay for one year of school, regardless of whether or not interest is earned on her savings, we can calculate the total amount saved under each plan.
$600 per month for 1 year:
Total savings = $600/month * 12 months = $7,200
$350 per month for 2 years:
Total savings = $350/month * 12 months/year * 2 years = $8,400
$225 per month for 4 years:
Total savings = $225/month * 12 months/year * 4 years = $10,800
Comparing the total savings under each plan, we find that the savings plan of $225 per month for 4 years will help Yasmine save enough money to pay for one year of school, regardless of whether or not interest is earned on her savings.
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why do organizations decline? what steps can top management take to halt, decline, and restore organizational growth?
The number one cause of organizational decline is said to be competition. Competition is drawn to industries that make extraordinary profits. As a result, an increasing number of businesses begin to enter this industry. As a result, existing organizations will experience a higher rate of decline.
What exactly is organizational decline?When businesses fail to anticipate, recognize, neutralize, or adapt to external or internal pressures that jeopardize their survival, this is referred to as organizational decline. Organizational decline is divided into five stages. Brain washed, inaction, malfunctioning action, crisis, & dissolution are the stages.
What exactly is a decrease strategy?Decline strategies, also known as defensive strategies, are used when an organization finds itself in a vulnerable situation due to poor planning, inefficiency, and ineffectiveness.
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Q. 2:- Choose the correct answer :-
1-The muslim must belive that the seal of the Prophets and the
Messenger of Allah is
a) Musa (A.S.)
b) lyaas (A.S.)
c)Muhammed (S.A.W.)
2-The dominating book over all other heavenly Books is
a) At-Taurat
b) Al- Quran
C) Al- Injeed
3- Whoever believes that the Quran is not the last heavenly book sent
down is regarded as
a)An Outsider of the religion of Islam.
b)A muslim.
c)A weak of faith.
Answer:
1) Muhammad (S.A.W)
2) Al- Quran
3) A muslim
Technology allows firms to listen to customers' wants, track their purchases, provide them with better service, and give them more access to information.
Answer:
This is true
Explanation:
With the recent development in modern communication technologies, communication with customers is is now very easy and yet very sophisticated. The advent of modern day communication in business like the internet and online shopping had now made it possible for a customer to communicate their wants easily to the seller and also make purchase, track their purchase and easily access more information about their seller and their purchase all from the comfort of their homes.
Find the WACC for Private Company B based on the following information:
Public Company A Beta 1.11
Company A Debt/Total Capital 50%
Private Company B Debt/Total Capital 65%
After-tax Cost of Debt (market) 5.000%
Market information Risk free rate 3.700%
Risk premium 6.500%
Marginal tax rate 25%
Group of answer choices
The formula for calculating the weighted average cost of capital (WACC) is as follows;
\(WACC = E/V * Re + D/V * Rd * (1 - Tc)\)
Where, E = market value of the company's equity, V = total market value of equity and debt, Re = cost of equity, D = market value of the company's debt, Rd = cost of debt, and Tc = corporate tax rate. Assuming that Public Company A is a similar company as Private Company B, we can use the data of Public Company.
A to calculate the cost of equity for Private Company B. The WACC for Private Company B can be calculated as follows; Given,
\(Public Company A Beta = 1.11Risk free rate = 3.700%\)
\(Risk premium = 6.500%After-tax Cost of Debt (market) = 5.000%\)
\(Marginal tax rate = 25%Company A Debt/Total Capital = 50%\)
\(Private Company B Debt/Total Capital = 65%\)
For calculating the cost of equity of Private Company B, we will use the following formula;
\(Re = Rf + β x Risk premium= 3.70% + 1.11 x 6.50% = 7.495%\)
Now, we can calculate the WACC for Private Company B using the following formula;
\(\(WACC = E/V * Re + D/V * Rd * (1 - Tc)\)
Let's assume that Private Company B has the same value of Equity and Debt as Company A. we can use the same percentages of Debt and Equity of Public Company A in the above equation.
\(WACC = 50% x 7.495% + 50% x 5.000% x (1- 25%) x 65% = 6.107%\)
\(The WACC for Private Company B is 6.107%.\)
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URGENT!!!!
PLEASE HELP
1. Weigh Standard Deductions Against Itemizing
The Tax Cuts and Jobs Act introduced higher standard deduction limits for tax filers. At the same time, it eliminated personal exemptions and reduced or eliminated several key deductions. For some tax filers, the standard deduction may result in a lower tax bill this year but it's still worth it to consider itemizing. Review your tax filing to determine all the possible deductions you can legitimately claim. Then, compare your estimated tax liability with what you might owe (or get back as a refund) if you opt for the standard deduction instead.
. Provide Dependents’ Social Security Numbers
Whether you have children or file as ‘head of household’ with dependents, you’re going to need their Social Security numbers to claim any applicable tax credits, such as the Earned Income Credit or the Child and Dependent Care Credit. If you’re divorced and claiming a child, make sure that your ex-spouse isn’t also claiming the same dependent or your return could be delayed. If you're planning to claim the child care credit, remember to review the IRS guidelines to make sure those expenses and your dependents are eligible.
. Organize Your Records and Documents
Being disorganized could cause you to lose out on significant deductions if you’re scrambling to find receipts and proof of expenses while filing your taxes. One way to avoid that type of headache is by using an expense tracking app to store digital copies of all your receipts. It’s a simple strategy, but incredibly effective. And, if your return is selected for an audit by the IRS you'll have all the documentation you need to verify your deductible expenses.
. Contribute to Your Retirement Accounts
You may be filing for taxes incurred in 2019, but that doesn’t mean you’ve hit the deadline for contributing to your retirement accounts. You have until July 15 of this year to open and fund a traditional or Roth IRA account. Remember, with a traditional IRA your contributions may be 100% tax-deductible. An additional deduction can reduce your taxable income for the year. A Roth IRA wouldn't offer such a deduction but you get the benefit of tax-free withdrawals in retirement. Additionally, you may be able to qualify for the Retirement Saver's Credit when you contribute to an IRA.
Lower Your Taxable Income
Taking above-the-line tax deductions is another way to reduce your taxable income and save you money at tax time. The Tax Cuts and Jobs Act change some of the eligible deductions, however, so the ones you're able to claim may be fewer compared to previous years. The good news is you can still claim an above-the-line deduction for things like student loan interest you've paid and contributions to qualified accounts, including a Health Savings Account if you have an HSA through a high deductible health plan. Be sure to check if certain tax deductions have been extended, too. You may be able to qualify for more than you think.
Talk to Your Financial Advisor
Taxes can be overwhelming, especially if you’re juggling deductions and expenses or if you're self-employed and run a small business. Your financial advisor knows plenty of strategies to maximize your return and is informed about current IRS rules, to help you avoid any future audits or penalties. It’s always worth running your return by your advisor in case any red flags show up.
2.One benefit of paying taxes is funding the government. The government budget in the US heavily relies on taxation for boundaries of how much they have. Taxes also are used to maintain infrastructure, such as roads and utilities, and schools.
3.Taxes influence responsible financial planning can help with reducing tax liabilities. Keeping up with your taxes and making sure they are done correctly and in a timely manner can help individuals. If they do not pay their taxes, they can face fees and cause you more money in the long run.
4. Individual Income Taxes
An individual income tax (or personal income tax) is levied on the wages, salaries, investments, or other forms of income an individual or household earns.
Corporate Income Taxes
A corporate income tax (CIT) is levied by federal and state governments on business profits, which are revenues (what a business makes in sales) minus costs (the cost of doing business).
Payroll Taxes
Payroll taxes are taxes paid on the wages and salaries of employees to finance social insurance programs. Most taxpayers will be familiar with payroll taxes from looking at their paystub at the end of each pay period, where the amount of payroll tax withheld by their employer from their income is clearly listed.
Capital Gains Taxes
Capital assets generally include everything owned and used for personal purposes, pleasure, or investment, including stocks, bonds, homes, cars, jewelry, and art. Whenever one of those assets increases in value—e.g., when the price of a stock you own goes up—the result is what’s called a “capital gain.”
Scenario 4:
You just got the keys to your first apartment. You also have a new credit card with a $4,000 limit and you use it to
furish your new place. Before you know it, you've bought a TV, a couch and a dining room table. When you get the credit card bill, you realize you’ve spent your full credit limit of $4,000.
the credit card bill, you realize you've spent your full credit limit of $4,000.
Does your credit score go up or down?
Why does it go up or down?
If your score goes down, how can you fix it?
Answer:
Explanation:
Scenario 1:
You want to purchase a new vehicle and you have your heart set on a brand new SUV. You take out a loan to pay for the car, but after six months you begin to fall behind on payments and incur late fees.
1. Does your credit score go up or down?
Your Credit Card score will go down.
2. Why does it go up or down?
It went down because you were late on your payments.
3. If your score goes down, how can you fix it?
Pay your payments on time.
Scenario 2:
You’ve been eager to buy a new cell phone for months, and now you’re ready to make it happen. You use your credit card to purchase the phone and you set up automatic billing to pay the monthly expenses. At the end of each month, you pay the credit card bill in full.
1. Does your credit score go up or down?
It goes up.
2. Why does it go up or down?
You pay your bills on time.
3. If your score goes down, how can you fix it?
It doesn't go down.
Scenario 3:
Your first semester of college, you take out a small loan to help pay for books. Despite being busy, you get a part time job. Although you don’t have to pay your loan back until you graduate, you’ve saved enough by the end of the semester and you will pay off the loan in full.
1. Does your credit score go up or down?
Your score will go up.
2. Why does it go up or down?
You will pay the loan back in full.
3. If your score goes down, how can you fix it?
It doesn't go down.
The credit score of the person is going to go down because it would mean that they have no credit left.
What is a credit score?This is a score that tells how a person is performing based on the credit that they apply for from financial services.
The credit score is going to go down because it would mean that they would be needing more credit.
If the score goes down the best way to make it rise is by making payments on time for the credit collected.
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You would like to have enough money saved to receive a growing annuity for 15 years, growing at a rate of 4% per year, with the first payment of £105,000 occurring exactly one year after retirement. How much would you need to save in your retirement fund to achieve this goal? (The interest rate is 11%.) Show your calculations
Let the amount we need to save in our retirement fund be X. Using the formula, X = PV × [(1 - (1 + i)⁻ⁿ) ÷ i] × (1 + g), where PV = the present value of the annuity = the interest rate g = the growth rate of the annuity n = the number of payment periods. We can calculate X by finding the PV of the annuity. PV = PMT ÷ (i - g) × (1 - (1 + g)⁻ⁿ)PMT = the periodic payment we will receive during the annuity.
The first payment we will receive is £105,000, and the annuity will grow at a rate of 4% per year. The value of the payment in the second year will be £105,000 × (1 + 4%) = £109,200. The value of the payment in the third year will be £109,200 × (1 + 4%) = £113,568, and so on.
Thus, we can calculate PMT as: PMT = (105,000 + 109,200 + 113,568 + ... + 240,692) = £2,876,568Using the formula to calculate PV, we get: PV = 2,876,568 ÷ (0.11 - 0.04) × (1 - (1 + 0.04)⁻¹⁵) = £22,936,882.89. Therefore, we need to save £22,936,882.89 in our retirement fund to achieve this goal.
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Hockley Brewing has produced a new craft lager beer that will be branded Hockley Classic Lager. The market for craft beer is about $20 million retail per year and the average retail price across all craft beer producers is $2. 50. The following information applies to Hockley’s new craft lager beer.
Factory production costs $1. 05 / can (Variable Cost)
Beer ingredients $0. 35 / can (Variable Cost)
Packaging $0. 20 / can (Variable Cost)
Advertising and promotion $60,000 (Fixed Cost)
Channel listing fees $30,000 (Fixed Cost)
Hockley’s wholesale price to retailers $2. 40 / can (Variable Cost)
(Hockley’s) manufacturer’s suggested retail price $2. 55 / can (Variable Cost)
a. What is Hockley’s unit contribution (measured in $ per can) and contribution margin (measured in percentage)?
b. What is the break-even point in cans? in dollars?
c. What is the necessary sales volume in cans to achieve a $150,000 (target) profit?
d. What will Hockley’s net profit be if 100,000 cans of the new lager are sold?
e. What will Hockley’s market share of craft beer be if they sell 100,000 cans?
f. Their largest competitor is Mill Street Brewery whose Original Organic Lager has 2. 5% market share of the craft beer market. Given Hockley’s market share calculated in part (e), what will Hockley’s relative market share (RMS) be for their Classic Lager?
g. The craft beer market is growing at 10% annually, higher than any other type of beer. With the RMS for Hockley Classic Lager calculated in part
(f), at the end of their first year, where in Hockley’s portfolio will Classic Lager be positioned and what recommendation would follow?
h. Calculate the price elasticity of demand if they raise the MSRP from $2. 55 to $2. 75 and demand falls from 100,000 cans to 95,000 cans. Is demand for this product price elastic or inelastic?
Hockley's unit contribution is $0.50 per can with a contribution margin of 19.6%. The break-even point is 180,000 cans or $432,000, and a sales volume of 480,000 cans is needed to achieve a target profit of $150,000.
a. Hockley's unit contribution is $0.50 per can ($2.55 - $2.05), and the contribution margin is 19.6% (($0.50 / $2.55) x 100).
b. The break-even point in cans can be calculated by dividing the total fixed costs ($60,000 + $30,000) by the contribution per can ($0.50). The break-even point is 180,000 cans. In dollars, the break-even point is $432,000 (180,000 cans x $2.40).
c. To achieve a target profit of $150,000, we need to calculate the necessary sales volume in cans. The formula is (Total Fixed Costs + Target Profit) / Contribution per can. Using the given numbers, the necessary sales volume is 480,000 cans.
d. If 100,000 cans of the new lager are sold, the net profit can be calculated as (Unit contribution x Sales volume) - Total Fixed Costs. With the given numbers, the net profit would be $10,000.
e. If Hockley sells 100,000 cans, their market share of craft beer can be calculated as (Sales volume / Total market size) x 100%. With a $20 million market size, their market share would be 0.5%.
f. Hockley's relative market share (RMS) for their Classic Lager can be calculated by dividing their market share by Mill Street Brewery's market share and multiplying by 100. With Hockley's market share of 0.5% and Mill Street Brewery's market share of 2.5%, Hockley's RMS would be 20%.
g. With an RMS of 20% for their Classic Lager, Hockley would be positioned as a significant player in the craft beer market. The recommendation would be to continue investing in and promoting the Classic Lager to further increase its market share.
h. The price elasticity of demand can be calculated using the formula: Percentage change in quantity demanded / Percentage change in price. In this case, the percentage change in quantity demanded is ((100,000 - 95,000) / 100,000) x 100% = 5%, and the percentage change in price is (($2.75 - $2.55) / $2.55) x 100% = 7.8%. Therefore, the price elasticity of demand is 0.64 (5% / 7.8%). With a price elasticity of less than 1, demand for this product is price inelastic, meaning that a price increase led to a proportionally smaller decrease in quantity demanded.
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true or false. the first leaf in the shamrock organization consists of a core group of ""freelancers"" and ""independent contractors.""
A core group of "freelancers" and "independent contractors" make up the Shamrock association's first leaf. It's false.
The term Shamrock Organization was chased by Irish academic and operation expert Charles Handy in his 1989 book" The Age of Delirium", in reference to his understanding and interpretation of an association's structures and systems.
The shamrock association describes a type of organizational structure with three corridor, or leaves “ A form of association grounded around a core of essential directors and workers supported by outside contractors and part- time help ”.
This structure permits the buying- in of services as demanded, with consequent reductions in over-head costs. The first four- splint clover is the professional core.
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A coffee shop owner purchased roller blades to go to work (the coffee shop). Should it be included in the balance sheet and how?
income tax how will it affect a pharmacy business?
Answer:
the tax deduction will be used to reduce current year profits.
Distinguish between the sources of information about foreign employment and the ways of getting it.
Working for a company in another country is referred to as foreign employment, and you usually only work in one country. This wouldn't be your native country .
While the terms "foreign employment" and "international workforce" (people of a different nationality) are sometimes used interchangeably, the term really refers to a multinational corporation expanding outside of its home country and recruiting there.
Employers prefer foreign employment because they cannot find qualified local employees, necessitating the hiring of foreigners to do the job.
The following are some methods for obtaining information about foreign employment:
Newspapers, notice boards, electronic media (radio, FM, television, etc.), websites, and public programs
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An economy with a larger involvement in foreign trade:
Question 11 options:
1) is more likely to suffer a larger trade imbalance.
2) may measure its exports as a share of GDP.
3) has a substantial trade imbalance.
4) has an underlying trade imbalance.
2) may measure its exports as a share of GDP. An economy with a larger involvement in foreign trade may measure its exports as a share of GDP. This is because exports are a key indicator of an economy's level of involvement in international trade.
A higher share of exports in GDP can indicate that the economy is more dependent on foreign trade and that it is more integrated into the global economy. It is important to note that measuring exports as a share of GDP is a way to evaluate the foreign trade involvement but it does not necessarily indicate if the economy has a trade imbalance, substantial trade imbalance or underlying trade imbalance. A trade imbalance occurs when a country imports more goods than it exports. It does not necessarily mean that the economy is performing poorly and it can be due to a variety of reasons such as differences in resource endowments and comparative advantages.
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which is a cause of system unavailability? A) natural disaster B) incomplete testing C) poor password practices D) poor physical security
Answer:
D) poor physical security
Explanation:
Answer:
A natural disaster
Explanation:
I know it seems weird but I put that and my test on Plato scored it as right
How can you create an effective climate when discussing matters
of importance with coworkers, clients, vendors, superiors, and
employees.?
What factors should be considered when creating that
climate?
To create an effective climate when discussing matters of importance with coworkers, clients, vendors, superiors, and employees, it's important to maintain a positive and respectful attitude, listen actively, and be clear and concise in communication.
Some factors to consider when creating such a climate include the purpose of the discussion, the relationship between the parties involved, the timing and location of the discussion, and the tone and language used.
It's also important to consider the cultural and individual differences of those involved and be willing to adjust one's communication style accordingly.
Ultimately, creating an effective climate requires a willingness to be open-minded, empathetic, and collaborative in approach.
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PLEASE SAY ME WHATS THE MEANING OF THESE 2 LINES IN ENGLISH PLZZ
Explanation:
chemical fertilizer is impuring day by day
(PLEASE ANSWER FAST!!) (13 POINTS)
If you’re going to school full time, it will usually take you at least _________ to earn 120 hours of study (or around 40 classes that meet three times a week).
A. two years
B. six years
C. four years
D. five years
Answer:
C. four years
Explanation:
hope this helps
Answer:
The answer is C. four years.
Explanation:
Bachelor’s degree: Approximately 4 years of full-time study (120 credit hours)
why is it important for a job applicant to identify his or her transferable skills?
It is important for a job applicant to identify their transferable skills because these skills can be applied across different industries and roles, increasing their versatility and marketability in the job market.
Transferable skills are abilities and qualities that can be utilized in various settings and job roles. They are not specific to a particular job or industry, but rather can be transferred and applied effectively in different contexts. Identifying one's transferable skills is crucial for several reasons.
Firstly, by recognizing and highlighting their transferable skills, job applicants can demonstrate their adaptability and versatility to potential employers. This can make them more appealing candidates, as employers are often looking for individuals who can quickly learn and contribute in new environments.
Secondly, transferable skills enable job seekers to explore opportunities beyond their current field or industry. If a particular industry is experiencing a downturn or limited job prospects, being aware of transferable skills opens up the possibility of transitioning into a different sector where those skills are in demand. This flexibility increases the chances of finding suitable employment and career growth.
Lastly, identifying transferable skills allows job applicants to effectively communicate their value to employers. By aligning their transferable skills with the requirements of the job, candidates can demonstrate how their existing abilities can contribute to the success of the organization, even if they lack direct experience in the specific role.
In conclusion, identifying transferable skills empowers job applicants by showcasing their adaptability, expanding their career options, and effectively conveying their value to potential employers.
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